BIRGER MULLIER: what changed
Two financial 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.
BIRGER MULLIER
Largest movements
- Cash +€21,071
up €21,071 (+42.6%), from €49,415 to €70,486
mainly Depreciation (+€18,822) and Net result for the year (+€10,261)
- Tangible fixed assets -€18,822
down €18,822 (-11.7%), from €160,770 to €141,948
- Receivables within one year -€6,681
down €6,681 (-65.5%), from €10,199 to €3,518
of which Trade receivables: -€6,545
- Debts after one year -€16,359
down €16,359 (-18.8%), from €87,057 to €70,698
of which Financial debts: -€16,359
- Reserves +€10,261
up €10,261 (+11.9%), from €86,012 to €96,273
of which Distributable reserves: +€10,261
- Trade debts -€5,682
down €5,682 (-74.4%), from €7,637 to €1,955
- Other debts +€5,040
up €5,040 (+32.4%), from €15,541 to €20,581
- Gross operating margin +€6,493
up €6,493 (+18.9%), from €34,329 to €40,821
- Depreciation +€3,255
up €3,255 (+20.9%), from €15,567 to €18,822
- Taxes +€1,666
up €1,666 (+33.4%), from €4,985 to €6,651
- Other operating charges -€797
down €797 (-24.8%), from €3,213 to €2,416
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.
Derived cash bridge
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 | €224,848 | €218,669 | -€6,179 | -2.7% |
| Fixed assets | 21/28 | €160,770 | €141,948 | -€18,822 | -11.7% |
| Tangible fixed assets | 22/27 | €160,770 | €141,948 | -€18,822 | -11.7% |
| Land and buildings | 22 | €119,022 | €110,860 | -€8,162 | -6.9% |
| Plant, machinery and equipment | 23 | €6,129 | €3,890 | -€2,239 | -36.5% |
| Furniture and vehicles | 24 | €35,619 | €27,198 | -€8,422 | -23.6% |
| Current assets | 29/58 | €64,078 | €76,721 | +€12,643 | +19.7% |
| Amounts receivable within one year | 40/41 | €10,199 | €3,518 | -€6,681 | -65.5% |
| Trade receivables | 40 | €8,595 | €2,050 | -€6,545 | -76.2% |
| Other amounts receivable | 41 | €1,604 | €1,468 | -€136 | -8.5% |
| Cash at bank and in hand | 54/58 | €49,415 | €70,486 | +€21,071 | +42.6% |
| Deferred charges and accrued income | 490/1 | €4,464 | €2,717 | -€1,746 | -39.1% |
| Total equity and liabilities | 10/49 | €224,848 | €218,669 | -€6,179 | -2.7% |
| Equity | 10/15 | €92,212 | €102,473 | +€10,261 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,012 | €96,273 | +€10,261 | +11.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,152 | €94,413 | +€10,261 | +12.2% |
| Amounts payable | 17/49 | €132,636 | €116,196 | -€16,439 | -12.4% |
| Amounts payable after more than one year | 17 | €87,057 | €70,698 | -€16,359 | -18.8% |
| Financial debts | 170/4 | €77,292 | €60,933 | -€16,359 | -21.2% |
| Other amounts payable | 178/9 | €9,765 | €9,765 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,579 | €45,499 | -€81 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €17,508 | €16,359 | -€1,150 | -6.6% |
| Trade debts | 44 | €7,637 | €1,955 | -€5,682 | -74.4% |
| Suppliers | 440/4 | €7,637 | €1,955 | -€5,682 | -74.4% |
| Taxes, remuneration and social security | 45 | €4,893 | €6,604 | +€1,711 | +35.0% |
| Taxes | 450/3 | €4,893 | €6,604 | +€1,711 | +35.0% |
| Other amounts payable | 47/48 | €15,541 | €20,581 | +€5,040 | +32.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,567 | €18,822 | +€3,255 | +20.9% |
| Other operating charges | 640/8 | €3,213 | €2,416 | -€797 | -24.8% |
| Gross operating margin | 9900 | €34,329 | €40,821 | +€6,493 | +18.9% |
| Operating profit (loss) | 9901 | €15,548 | €19,583 | +€4,035 | +26.0% |
| Financial income | 75/76B | €308 | €161 | -€146 | -47.6% |
| Recurring financial income | 75 | €308 | €161 | -€146 | -47.6% |
| Financial charges | 65/66B | €2,797 | €2,833 | +€36 | +1.3% |
| Recurring financial charges | 65 | €2,797 | €2,833 | +€36 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €13,059 | €16,912 | +€3,853 | +29.5% |
| Income taxes | 67/77 | €4,985 | €6,651 | +€1,666 | +33.4% |
| Profit (loss) for the period | 9904 | €8,074 | €10,261 | +€2,187 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,074 | €10,261 | +€2,187 | +27.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.