BIRGÜL: 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.
BIRGÜL
Largest movements
- Tangible fixed assets +€11,333
up €11,333 (+246%), from €4,605 to €15,939
of which Furniture and vehicles: +€14,007
- Receivables within one year -€2,367
down €2,367 (-60.2%), from €3,933 to €1,565
- Debts after one year +€12,642
new in 2025: €12,642
- Trade debts -€7,798
down €7,798 (-84.6%), from €9,223 to €1,425
- Current portion of long-term debt +€3,279
new in 2025: €3,279
- Profit (loss) carried forward +€798
up €798 (+5.0%), from €15,936 to €16,734
- Staff costs +€4,838
up €4,838 (+474%), from €1,021 to €5,858
- Depreciation +€3,002
up €3,002 (+94.6%), from €3,174 to €6,176
- Other operating charges +€798
up €798 (+1,506%), from €53 to €851
- Gross operating margin +€567
up €567 (+4.1%), from €13,806 to €14,373
- Financial charges +€553
up €553 (+518%), from €107 to €660
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 | €61,010 | €69,961 | +€8,951 | +14.7% |
| Fixed assets | 21/28 | €4,605 | €15,939 | +€11,333 | +246% |
| Tangible fixed assets | 22/27 | €4,605 | €15,939 | +€11,333 | +246% |
| Plant, machinery and equipment | 23 | €2,005 | €1,215 | -€790 | -39.4% |
| Furniture and vehicles | 24 | - | €14,007 | +€14,007 | |
| Other tangible fixed assets | 26 | €2,601 | €716 | -€1,884 | -72.5% |
| Current assets | 29/58 | €56,405 | €54,023 | -€2,382 | -4.2% |
| Stocks and contracts in progress | 3 | €283 | €559 | +€276 | +97.3% |
| Stocks | 30/36 | €283 | €559 | +€276 | +97.3% |
| Amounts receivable within one year | 40/41 | €3,933 | €1,565 | -€2,367 | -60.2% |
| Other amounts receivable | 41 | €3,933 | €1,565 | -€2,367 | -60.2% |
| Cash at bank and in hand | 54/58 | €51,675 | €51,899 | +€224 | +0.4% |
| Deferred charges and accrued income | 490/1 | €514 | - | -€514 | |
| Total equity and liabilities | 10/49 | €61,010 | €69,961 | +€8,951 | +14.7% |
| Equity | 10/15 | €51,788 | €52,586 | +€798 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,252 | €17,252 | = | 0.0% |
| 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 | €15,392 | €15,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,936 | €16,734 | +€798 | +5.0% |
| Amounts payable | 17/49 | €9,223 | €17,376 | +€8,153 | +88.4% |
| Amounts payable after more than one year | 17 | - | €12,642 | +€12,642 | |
| Financial debts | 170/4 | - | €12,642 | +€12,642 | |
| Amounts payable within one year | 42/48 | €9,223 | €4,734 | -€4,489 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,279 | +€3,279 | |
| Trade debts | 44 | €9,223 | €1,425 | -€7,798 | -84.6% |
| Suppliers | 440/4 | €9,223 | €1,425 | -€7,798 | -84.6% |
| Taxes, remuneration and social security | 45 | - | €30 | +€30 | |
| Taxes | 450/3 | - | €30 | +€30 | |
| Non-recurring operating income | 76A | - | €3,926 | +€3,926 | |
| Remuneration, social security and pensions | 62 | €1,021 | €5,858 | +€4,838 | +474% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,174 | €6,176 | +€3,002 | +94.6% |
| Other operating charges | 640/8 | €53 | €851 | +€798 | +1,506% |
| Gross operating margin | 9900 | €13,806 | €14,373 | +€567 | +4.1% |
| Operating profit (loss) | 9901 | €9,558 | €1,487 | -€8,071 | -84.4% |
| Financial income | 75/76B | €103 | - | -€103 | |
| Recurring financial income | 75 | €103 | - | -€103 | |
| Financial charges | 65/66B | €107 | €660 | +€553 | +518% |
| Recurring financial charges | 65 | €107 | €660 | +€553 | +518% |
| Profit (loss) for the period before taxes | 9903 | €9,554 | €828 | -€8,727 | -91.3% |
| Income taxes | 67/77 | - | €30 | +€30 | |
| Profit (loss) for the period | 9904 | €9,554 | €798 | -€8,757 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,554 | €798 | -€8,757 | -91.6% |
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 23 October 2026 via checked.be.