BIRKO: 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.
BIRKO
Largest movements
- Cash +€56,761
up €56,761 (+136.7%), from €41,529 to €98,290
mainly Net result for the year (+€75,425) and Depreciation (+€44,889)
- Tangible fixed assets -€40,737
down €40,737 (-19.7%), from €206,415 to €165,678
of which Furniture and vehicles: -€40,139
- Receivables within one year +€39,887
up €39,887 (+145.7%), from €27,368 to €67,255
of which Trade receivables: +€30,656
- Profit (loss) carried forward +€51,425
up €51,425 (+8.2%), from -€626,442 to -€575,017
- Trade debts +€10,699
up €10,699 (+81.0%), from €13,214 to €23,914
- Gross operating margin -€20,262
down €20,262 (-12.2%), from €165,506 to €145,245
- Depreciation +€19,893
up €19,893 (+79.6%), from €24,996 to €44,889
- Taxes -€8,462
down €8,462 (-29.0%), from €29,230 to €20,768
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 | €665,726 | €727,180 | +€61,454 | +9.2% |
| Fixed assets | 21/28 | €594,119 | €553,382 | -€40,737 | -6.9% |
| Tangible fixed assets | 22/27 | €206,415 | €165,678 | -€40,737 | -19.7% |
| Furniture and vehicles | 24 | €201,012 | €160,873 | -€40,139 | -20.0% |
| Other tangible fixed assets | 26 | €5,403 | €4,806 | -€597 | -11.1% |
| Financial fixed assets | 28 | €387,704 | €387,704 | = | 0.0% |
| Current assets | 29/58 | €71,607 | €173,798 | +€102,191 | +142.7% |
| Amounts receivable within one year | 40/41 | €27,368 | €67,255 | +€39,887 | +145.7% |
| Trade receivables | 40 | €10,429 | €41,085 | +€30,656 | +293.9% |
| Other amounts receivable | 41 | €16,939 | €26,170 | +€9,231 | +54.5% |
| Cash at bank and in hand | 54/58 | €41,529 | €98,290 | +€56,761 | +136.7% |
| Deferred charges and accrued income | 490/1 | €2,710 | €8,253 | +€5,543 | +204.5% |
| Total equity and liabilities | 10/49 | €665,726 | €727,180 | +€61,454 | +9.2% |
| Equity | 10/15 | €513,558 | €564,983 | +€51,425 | +10.0% |
| Contributions | 10/11 | €1,140,000 | €1,140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€626,442 | -€575,017 | +€51,425 | +8.2% |
| Amounts payable | 17/49 | €152,168 | €162,197 | +€10,028 | +6.6% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,160 | €96,696 | +€9,536 | +10.9% |
| Trade debts | 44 | €13,214 | €23,914 | +€10,699 | +81.0% |
| Suppliers | 440/4 | €13,214 | €23,914 | +€10,699 | +81.0% |
| Taxes, remuneration and social security | 45 | €21,901 | €23,331 | +€1,430 | +6.5% |
| Taxes | 450/3 | €21,901 | €23,331 | +€1,430 | +6.5% |
| Other amounts payable | 47/48 | €52,045 | €49,451 | -€2,594 | -5.0% |
| Accrued charges and deferred income | 492/3 | €5,008 | €5,501 | +€493 | +9.8% |
| Non-recurring operating income | 76A | €37,753 | - | -€37,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,996 | €44,889 | +€19,893 | +79.6% |
| Other operating charges | 640/8 | €1,817 | €1,434 | -€384 | -21.1% |
| Gross operating margin | 9900 | €165,506 | €145,245 | -€20,262 | -12.2% |
| Operating profit (loss) | 9901 | €138,694 | €98,922 | -€39,771 | -28.7% |
| Financial income | 75/76B | €547 | €781 | +€234 | +42.7% |
| Recurring financial income | 75 | €547 | €781 | +€234 | +42.7% |
| Financial charges | 65/66B | €3,512 | €3,511 | -€1 | 0.0% |
| Recurring financial charges | 65 | €3,512 | €3,511 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €135,729 | €96,193 | -€39,536 | -29.1% |
| Income taxes | 67/77 | €29,230 | €20,768 | -€8,462 | -29.0% |
| Profit (loss) for the period | 9904 | €106,499 | €75,425 | -€31,073 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,499 | €75,425 | -€31,073 | -29.2% |
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 7 October 2026 via checked.be.