BIRDS WORKS: what changed
BIRDS WORKS
Largest movements
- Cash -€6,417
down €6,417 (-20.4%), from €31,527 to €25,110
mainly Contributions, distributions and other (-€30,000) and Other debts (-€10,959)
- Receivables within one year -€5,005
down €5,005 (-30.7%), from €16,290 to €11,285
- Tangible fixed assets -€2,970
down €2,970 (-56.7%), from €5,236 to €2,266
of which Furniture and vehicles: -€2,633
- Deferred charges and accrued income -€1,100
no longer reported in 2025 (was €1,100)
- Stocks and contracts -€888
down €888 (-22.9%), from €3,875 to €2,987
- Other debts -€10,959
down €10,959 (-78.2%), from €14,013 to €3,054
- Tax, wage and social debts -€7,157
down €7,157 (-53.8%), from €13,298 to €6,141
of which Taxes: -€6,493
- Profit (loss) carried forward +€4,630
up €4,630 (+75.3%), from €6,151 to €10,781
- Debts after one year -€2,453
no longer reported in 2025 (was €2,453)
- Gross operating margin +€16,240
up €16,240 (+53.3%), from €30,455 to €46,695
- Taxes +€1,803
up €1,803 (+34.3%), from €5,250 to €7,053
- Other operating charges +€604
up €604 (+72.9%), from €829 to €1,433
- Depreciation -€470
down €470 (-13.7%), from €3,440 to €2,970
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,028 | €41,648 | -€16,380 | -28.2% |
| Fixed assets | 21/28 | €5,236 | €2,266 | -€2,970 | -56.7% |
| Tangible fixed assets | 22/27 | €5,236 | €2,266 | -€2,970 | -56.7% |
| Plant, machinery and equipment | 23 | €337 | - | -€337 | |
| Furniture and vehicles | 24 | €4,899 | €2,266 | -€2,633 | -53.7% |
| Current assets | 29/58 | €52,792 | €39,382 | -€13,410 | -25.4% |
| Stocks and contracts in progress | 3 | €3,875 | €2,987 | -€888 | -22.9% |
| Stocks | 30/36 | €3,875 | €2,987 | -€888 | -22.9% |
| Amounts receivable within one year | 40/41 | €16,290 | €11,285 | -€5,005 | -30.7% |
| Trade receivables | 40 | €16,290 | €11,285 | -€5,005 | -30.7% |
| Cash at bank and in hand | 54/58 | €31,527 | €25,110 | -€6,417 | -20.4% |
| Deferred charges and accrued income | 490/1 | €1,100 | - | -€1,100 | |
| Total equity and liabilities | 10/49 | €58,028 | €41,648 | -€16,380 | -28.2% |
| Equity | 10/15 | €24,751 | €29,381 | +€4,630 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,151 | €10,781 | +€4,630 | +75.3% |
| Amounts payable | 17/49 | €33,277 | €12,267 | -€21,010 | -63.1% |
| Amounts payable after more than one year | 17 | €2,453 | - | -€2,453 | |
| Financial debts | 170/4 | €2,453 | - | -€2,453 | |
| Amounts payable within one year | 42/48 | €30,824 | €12,267 | -€18,557 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €2,510 | €2,453 | -€57 | -2.3% |
| Trade debts | 44 | €1,003 | €619 | -€384 | -38.3% |
| Suppliers | 440/4 | €1,003 | €619 | -€384 | -38.3% |
| Taxes, remuneration and social security | 45 | €13,298 | €6,141 | -€7,157 | -53.8% |
| Taxes | 450/3 | €12,634 | €6,141 | -€6,493 | -51.4% |
| Remuneration and social security | 454/9 | €664 | - | -€664 | |
| Other amounts payable | 47/48 | €14,013 | €3,054 | -€10,959 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,440 | €2,970 | -€470 | -13.7% |
| Other operating charges | 640/8 | €829 | €1,433 | +€604 | +72.9% |
| Gross operating margin | 9900 | €30,455 | €46,695 | +€16,240 | +53.3% |
| Operating profit (loss) | 9901 | €26,186 | €42,292 | +€16,106 | +61.5% |
| Financial income | 75/76B | €5 | €14 | +€9 | +180% |
| Recurring financial income | 75 | €5 | €14 | +€9 | +180% |
| Financial charges | 65/66B | €717 | €623 | -€94 | -13.1% |
| Recurring financial charges | 65 | €717 | €623 | -€94 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €25,474 | €41,683 | +€16,209 | +63.6% |
| Income taxes | 67/77 | €5,250 | €7,053 | +€1,803 | +34.3% |
| Profit (loss) for the period | 9904 | €20,224 | €34,630 | +€14,406 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,224 | €34,630 | +€14,406 | +71.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.