BLUE BIRD 94: 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.
BLUE BIRD 94
Largest movements
- Current investments +€62,500
up €62,500 (+61.0%), from €102,500 to €165,000
- Cash -€29,724
down €29,724 (-18.5%), from €160,543 to €130,820
mainly Contributions, distributions and other (-€65,512) and Current investments (-€62,500)
- Tangible fixed assets -€28,903
down €28,903 (-20.2%), from €143,218 to €114,315
of which Land and buildings: -€15,650
- Debts after one year -€30,070
down €30,070 (-67.2%), from €44,758 to €14,688
of which Financial debts: -€28,570
- Tax, wage and social debts +€26,248
up €26,248 (+147%), from €17,871 to €44,119
of which Taxes: +€28,939
- Other debts +€9,350
up €9,350 (+6.1%), from €152,743 to €162,093
- Reserves -€7,569
down €7,569 (-2.5%), from €299,880 to €292,311
- Gross operating margin +€39,929
up €39,929 (+44.9%), from €88,837 to €128,767
- Taxes +€16,225
up €16,225 (+101%), from €16,066 to €32,291
- Financial income -€2,767
down €2,767 (-34.0%), from €8,132 to €5,365
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 | €580,652 | €579,321 | -€1,331 | -0.2% |
| Fixed assets | 21/28 | €143,468 | €114,315 | -€29,153 | -20.3% |
| Tangible fixed assets | 22/27 | €143,218 | €114,315 | -€28,903 | -20.2% |
| Land and buildings | 22 | €116,823 | €101,174 | -€15,650 | -13.4% |
| Plant, machinery and equipment | 23 | €1,285 | €818 | -€467 | -36.4% |
| Furniture and vehicles | 24 | €22,141 | €9,489 | -€12,652 | -57.1% |
| Other tangible fixed assets | 26 | €2,968 | €2,835 | -€134 | -4.5% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €437,184 | €465,006 | +€27,821 | +6.4% |
| Amounts receivable within one year | 40/41 | €167,391 | €164,526 | -€2,865 | -1.7% |
| Trade receivables | 40 | - | €118 | +€118 | |
| Other amounts receivable | 41 | €167,391 | €164,408 | -€2,983 | -1.8% |
| Current investments | 50/53 | €102,500 | €165,000 | +€62,500 | +61.0% |
| Cash at bank and in hand | 54/58 | €160,543 | €130,820 | -€29,724 | -18.5% |
| Deferred charges and accrued income | 490/1 | €6,750 | €4,660 | -€2,090 | -31.0% |
| Total equity and liabilities | 10/49 | €580,652 | €579,321 | -€1,331 | -0.2% |
| Equity | 10/15 | €312,280 | €304,711 | -€7,569 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €299,880 | €292,311 | -€7,569 | -2.5% |
| Distributable reserves | 133 | €299,880 | €292,311 | -€7,569 | -2.5% |
| Amounts payable | 17/49 | €268,372 | €274,610 | +€6,237 | +2.3% |
| Amounts payable after more than one year | 17 | €44,758 | €14,688 | -€30,070 | -67.2% |
| Financial debts | 170/4 | €39,958 | €11,388 | -€28,570 | -71.5% |
| Other amounts payable | 178/9 | €4,800 | €3,300 | -€1,500 | -31.3% |
| Amounts payable within one year | 42/48 | €214,676 | €251,051 | +€36,375 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €30,552 | €28,521 | -€2,030 | -6.6% |
| Financial debts | 43 | €2,734 | €2,734 | = | 0.0% |
| Other loans | 439 | €2,734 | €2,734 | = | 0.0% |
| Trade debts | 44 | €10,776 | €13,584 | +€2,808 | +26.1% |
| Suppliers | 440/4 | €10,776 | €13,584 | +€2,808 | +26.1% |
| Taxes, remuneration and social security | 45 | €17,871 | €44,119 | +€26,248 | +147% |
| Taxes | 450/3 | €15,180 | €44,119 | +€28,939 | +191% |
| Remuneration and social security | 454/9 | €2,691 | - | -€2,691 | |
| Other amounts payable | 47/48 | €152,743 | €162,093 | +€9,350 | +6.1% |
| Accrued charges and deferred income | 492/3 | €8,938 | €8,870 | -€68 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,649 | €28,903 | +€254 | +0.9% |
| Other operating charges | 640/8 | €1,390 | €1,683 | +€294 | +21.1% |
| Gross operating margin | 9900 | €88,837 | €128,767 | +€39,929 | +44.9% |
| Operating profit (loss) | 9901 | €58,798 | €98,180 | +€39,382 | +67.0% |
| Financial income | 75/76B | €8,132 | €5,365 | -€2,767 | -34.0% |
| Recurring financial income | 75 | €8,132 | €5,365 | -€2,767 | -34.0% |
| Financial charges | 65/66B | €13,839 | €13,311 | -€529 | -3.8% |
| Recurring financial charges | 65 | €13,839 | €13,311 | -€529 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €53,091 | €90,234 | +€37,143 | +70.0% |
| Income taxes | 67/77 | €16,066 | €32,291 | +€16,225 | +101% |
| Profit (loss) for the period | 9904 | €37,025 | €57,943 | +€20,918 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,025 | €57,943 | +€20,918 | +56.5% |
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 28 October 2026 via checked.be.