BIRDVIEW ESTATES: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BIRDVIEW ESTATES
Largest movements
- Receivables within one year +€10,001
up €10,001 (+77.6%), from €12,892 to €22,892
of which Trade receivables: +€10,001
- Debts after one year -€24,512
down €24,512 (-7.5%), from €325,208 to €300,696
- Current portion of long-term debt +€16,299
new in 2025: €16,299
- Profit (loss) carried forward +€15,638
up €15,638 (+17.6%), from -€89,104 to -€73,466
- Gross operating margin +€52,515
up €52,515 (+447.7%), from €11,729 to €64,244
- Financial charges -€38,682
down €38,682 (-76.2%), from €50,766 to €12,084
- Other operating charges +€6,182
up €6,182 (+600.5%), from €1,029 to €7,212
- Staff costs +€4,279
up €4,279 (+65.9%), from €6,492 to €10,771
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €617,466 | €633,552 | +€16,086 | +2.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €604,435 | €608,043 | +€3,609 | +0.6% |
| Intangible fixed assets | 21 | €9 | €0 | -€9 | -100.0% |
| Tangible fixed assets | 22/27 | €604,426 | €608,043 | +€3,618 | +0.6% |
| Land and buildings | 22 | €604,426 | €587,014 | -€17,411 | -2.9% |
| Plant, machinery and equipment | 23 | €0 | €21,029 | +€21,029 | |
| Current assets | 29/58 | €13,031 | €25,509 | +€12,477 | +95.8% |
| Amounts receivable within one year | 40/41 | €12,892 | €22,892 | +€10,001 | +77.6% |
| Trade receivables | 40 | €12,150 | €22,151 | +€10,001 | +82.3% |
| Other amounts receivable | 41 | €742 | €742 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €140 | €2,616 | +€2,477 | +1775.3% |
| Total equity and liabilities | 10/49 | €617,466 | €633,552 | +€16,086 | +2.6% |
| Equity | 10/15 | -€88,904 | -€73,266 | +€15,638 | +17.6% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,104 | -€73,466 | +€15,638 | +17.6% |
| Amounts payable | 17/49 | €706,370 | €706,818 | +€448 | +0.1% |
| Amounts payable after more than one year | 17 | €325,208 | €300,696 | -€24,512 | -7.5% |
| Financial debts | 170/4 | €325,208 | €300,696 | -€24,512 | -7.5% |
| Amounts payable within one year | 42/48 | €381,162 | €406,122 | +€24,960 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,299 | +€16,299 | |
| Trade debts | 44 | €2,536 | €4,651 | +€2,115 | +83.4% |
| Suppliers | 440/4 | €2,536 | €4,651 | +€2,115 | +83.4% |
| Taxes, remuneration and social security | 45 | €34,607 | €37,239 | +€2,632 | +7.6% |
| Taxes | 450/3 | €30 | €6,112 | +€6,082 | +20555.8% |
| Remuneration and social security | 454/9 | €34,577 | €31,127 | -€3,451 | -10.0% |
| Other amounts payable | 47/48 | €344,020 | €347,933 | +€3,914 | +1.1% |
| Remuneration, social security and pensions | 62 | €6,492 | €10,771 | +€4,279 | +65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,313 | €18,539 | +€226 | +1.2% |
| Other operating charges | 640/8 | €1,029 | €7,212 | +€6,182 | +600.5% |
| Gross operating margin | 9900 | €11,729 | €64,244 | +€52,515 | +447.7% |
| Operating profit (loss) | 9901 | -€14,105 | €27,723 | +€41,828 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €50,766 | €12,084 | -€38,682 | -76.2% |
| Recurring financial charges | 65 | €50,766 | €12,084 | -€38,682 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | -€64,872 | €15,638 | +€80,510 | |
| Profit (loss) for the period | 9904 | -€64,872 | €15,638 | +€80,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,872 | €15,638 | +€80,510 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.