BIRTEX: 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.
BIRTEX
Largest movements
- Cash +€63,526
up €63,526 (+81.6%), from €77,822 to €141,348
mainly Net result for the year (+€69,407) and Other debts (+€53,334)
- Tangible fixed assets -€29,289
down €29,289 (-6.1%), from €482,680 to €453,392
of which Furniture and vehicles: -€17,469
- Current investments +€20,302
up €20,302 (+9.2%), from €220,373 to €240,674
- Other debts +€53,334
up €53,334 (+852%), from €6,263 to €59,597
- Tax, wage and social debts -€14,002
down €14,002 (-79.8%), from €17,542 to €3,540
of which Taxes: -€14,021
- Reserves +€11,775
up €11,775 (+1.5%), from €803,536 to €815,311
of which Distributable reserves: +€11,775
- Gross operating margin +€12,457
up €12,457 (+10.5%), from €118,508 to €130,966
- Financial income -€2,759
down €2,759 (-37.7%), from €7,313 to €4,554
- Depreciation +€2,509
up €2,509 (+7.7%), from €32,723 to €35,232
- Taxes +€1,882
up €1,882 (+7.7%), from €24,426 to €26,308
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 | €839,817 | €889,999 | +€50,182 | +6.0% |
| Fixed assets | 21/28 | €482,680 | €453,392 | -€29,289 | -6.1% |
| Tangible fixed assets | 22/27 | €482,680 | €453,392 | -€29,289 | -6.1% |
| Land and buildings | 22 | €402,306 | €393,332 | -€8,973 | -2.2% |
| Plant, machinery and equipment | 23 | €18,162 | €15,316 | -€2,846 | -15.7% |
| Furniture and vehicles | 24 | €62,212 | €44,744 | -€17,469 | -28.1% |
| Current assets | 29/58 | €357,137 | €436,607 | +€79,471 | +22.3% |
| Stocks and contracts in progress | 3 | €7,518 | - | -€7,518 | |
| Stocks | 30/36 | €7,518 | - | -€7,518 | |
| Amounts receivable within one year | 40/41 | €35,432 | €32,804 | -€2,628 | -7.4% |
| Trade receivables | 40 | €31,037 | €30,475 | -€561 | -1.8% |
| Other amounts receivable | 41 | €4,396 | €2,329 | -€2,067 | -47.0% |
| Current investments | 50/53 | €220,373 | €240,674 | +€20,302 | +9.2% |
| Cash at bank and in hand | 54/58 | €77,822 | €141,348 | +€63,526 | +81.6% |
| Deferred charges and accrued income | 490/1 | €15,992 | €21,781 | +€5,789 | +36.2% |
| Total equity and liabilities | 10/49 | €839,817 | €889,999 | +€50,182 | +6.0% |
| Equity | 10/15 | €810,229 | €822,004 | +€11,775 | +1.5% |
| Contributions | 10/11 | €6,693 | €6,693 | = | 0.0% |
| Reserves | 13 | €803,536 | €815,311 | +€11,775 | +1.5% |
| Non-distributable reserves | 130/1 | €45,922 | €45,922 | = | 0.0% |
| Reserves not available under the articles | 1311 | €45,922 | €45,922 | = | 0.0% |
| Distributable reserves | 133 | €757,614 | €769,389 | +€11,775 | +1.6% |
| Amounts payable | 17/49 | €29,588 | €67,995 | +€38,407 | +130% |
| Amounts payable within one year | 42/48 | €28,751 | €67,145 | +€38,395 | +134% |
| Trade debts | 44 | €4,946 | €4,008 | -€937 | -19.0% |
| Suppliers | 440/4 | €4,946 | €4,008 | -€937 | -19.0% |
| Taxes, remuneration and social security | 45 | €17,542 | €3,540 | -€14,002 | -79.8% |
| Taxes | 450/3 | €14,642 | €621 | -€14,021 | -95.8% |
| Remuneration and social security | 454/9 | €2,900 | €2,919 | +€19 | +0.7% |
| Other amounts payable | 47/48 | €6,263 | €59,597 | +€53,334 | +852% |
| Accrued charges and deferred income | 492/3 | €837 | €850 | +€12 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,723 | €35,232 | +€2,509 | +7.7% |
| Other operating charges | 640/8 | €4,405 | €4,573 | +€167 | +3.8% |
| Gross operating margin | 9900 | €118,508 | €130,966 | +€12,457 | +10.5% |
| Operating profit (loss) | 9901 | €81,380 | €91,162 | +€9,782 | +12.0% |
| Financial income | 75/76B | €7,313 | €4,554 | -€2,759 | -37.7% |
| Recurring financial income | 75 | €7,313 | €4,554 | -€2,759 | -37.7% |
| Financial charges | 65/66B | €32 | - | -€32 | |
| Recurring financial charges | 65 | €32 | - | -€32 | |
| Profit (loss) for the period before taxes | 9903 | €88,660 | €95,716 | +€7,055 | +8.0% |
| Income taxes | 67/77 | €24,426 | €26,308 | +€1,882 | +7.7% |
| Profit (loss) for the period | 9904 | €64,234 | €69,407 | +€5,173 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,234 | €69,407 | +€5,173 | +8.1% |
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 23 October 2026 via checked.be.