BIRGUTE: 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.
BIRGUTE
Largest movements
- Tangible fixed assets +€14,886
up €14,886 (+47.1%), from €31,588 to €46,474
of which Leasing and similar rights: +€23,500
- Cash +€9,165
up €9,165 (+50.9%), from €18,012 to €27,176
mainly Net result for the year (+€26,113) and Depreciation (+€13,604)
- Stocks and contracts +€3,108
up €3,108 (+4.6%), from €67,802 to €70,910
- Receivables within one year -€2,079
down €2,079 (-26.6%), from €7,816 to €5,737
of which Other amounts receivable: -€1,697
- Profit (loss) carried forward +€26,113
up €26,113 (+92.6%), from -€28,189 to -€2,076
- Debts after one year -€9,274
down €9,274 (-7.1%), from €129,766 to €120,492
of which Other amounts payable: -€24,080
- Current portion of long-term debt +€5,597
new in 2025: €5,597
- Gross operating margin +€16,387
up €16,387 (+52.4%), from €31,288 to €47,675
- Staff costs -€9,707
no longer reported in 2025 (was €9,707)
- Depreciation +€2,714
up €2,714 (+24.9%), from €10,890 to €13,604
- Financial charges -€1,530
down €1,530 (-25.6%), from €5,984 to €4,455
- Taxes +€1,424
up €1,424 (+433.0%), from €329 to €1,753
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 | €130,793 | €155,040 | +€24,247 | +18.5% |
| Fixed assets | 21/28 | €31,876 | €46,762 | +€14,886 | +46.7% |
| Tangible fixed assets | 22/27 | €31,588 | €46,474 | +€14,886 | +47.1% |
| Land and buildings | 22 | €20,777 | €15,128 | -€5,649 | -27.2% |
| Plant, machinery and equipment | 23 | €1,382 | €955 | -€427 | -30.9% |
| Furniture and vehicles | 24 | €5,427 | €3,676 | -€1,750 | -32.3% |
| Leasing and similar rights | 25 | - | €23,500 | +€23,500 | |
| Other tangible fixed assets | 26 | €4,002 | €3,214 | -€788 | -19.7% |
| Financial fixed assets | 28 | €288 | €288 | = | 0.0% |
| Current assets | 29/58 | €98,917 | €108,278 | +€9,361 | +9.5% |
| Stocks and contracts in progress | 3 | €67,802 | €70,910 | +€3,108 | +4.6% |
| Stocks | 30/36 | €67,802 | €70,910 | +€3,108 | +4.6% |
| Amounts receivable within one year | 40/41 | €7,816 | €5,737 | -€2,079 | -26.6% |
| Trade receivables | 40 | €4,792 | €4,410 | -€382 | -8.0% |
| Other amounts receivable | 41 | €3,025 | €1,327 | -€1,697 | -56.1% |
| Cash at bank and in hand | 54/58 | €18,012 | €27,176 | +€9,165 | +50.9% |
| Deferred charges and accrued income | 490/1 | €5,287 | €4,454 | -€832 | -15.7% |
| Total equity and liabilities | 10/49 | €130,793 | €155,040 | +€24,247 | +18.5% |
| Equity | 10/15 | -€9,589 | €16,524 | +€26,113 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,189 | -€2,076 | +€26,113 | +92.6% |
| Amounts payable | 17/49 | €140,382 | €138,516 | -€1,866 | -1.3% |
| Amounts payable after more than one year | 17 | €129,766 | €120,492 | -€9,274 | -7.1% |
| Financial debts | 170/4 | - | €14,806 | +€14,806 | |
| Other amounts payable | 178/9 | €129,766 | €105,685 | -€24,080 | -18.6% |
| Amounts payable within one year | 42/48 | €10,616 | €18,024 | +€7,408 | +69.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,597 | +€5,597 | |
| Trade debts | 44 | €8,866 | €9,904 | +€1,037 | +11.7% |
| Suppliers | 440/4 | €8,866 | €9,904 | +€1,037 | +11.7% |
| Taxes, remuneration and social security | 45 | €1,750 | €2,524 | +€774 | +44.2% |
| Taxes | 450/3 | €1,750 | €2,524 | +€774 | +44.2% |
| Remuneration, social security and pensions | 62 | €9,707 | - | -€9,707 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,890 | €13,604 | +€2,714 | +24.9% |
| Other operating charges | 640/8 | €1,163 | €1,769 | +€606 | +52.1% |
| Gross operating margin | 9900 | €31,288 | €47,675 | +€16,387 | +52.4% |
| Operating profit (loss) | 9901 | €9,528 | €32,302 | +€22,774 | +239.0% |
| Financial income | 75/76B | €129 | €19 | -€109 | -85.0% |
| Recurring financial income | 75 | €129 | €19 | -€109 | -85.0% |
| Financial charges | 65/66B | €5,984 | €4,455 | -€1,530 | -25.6% |
| Recurring financial charges | 65 | €5,984 | €4,455 | -€1,530 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €3,672 | €27,867 | +€24,194 | +658.8% |
| Income taxes | 67/77 | €329 | €1,753 | +€1,424 | +433.0% |
| Profit (loss) for the period | 9904 | €3,344 | €26,113 | +€22,770 | +681.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,344 | €26,113 | +€22,770 | +681.0% |
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 11 October 2026 via checked.be.