Bluebird: 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.
Bluebird
Largest movements
- Tangible fixed assets -€21,865
down €21,865 (-16.7%), from €130,589 to €108,725
of which Furniture and vehicles: -€15,393
- Receivables within one year -€21,011
down €21,011 (-28.5%), from €73,816 to €52,805
of which Trade receivables: -€26,808
- Cash +€18,128
up €18,128 (+9.4%), from €192,994 to €211,122
mainly Depreciation (+€21,865) and Receivables within one year (+€21,011)
- Other debts -€44,816
down €44,816 (-32.2%), from €138,978 to €94,162
- Reserves +€19,900
up €19,900 (+8.1%), from €244,514 to €264,414
of which Distributable reserves: +€19,900
- Gross operating margin -€12,097
down €12,097 (-16.4%), from €73,671 to €61,574
- Depreciation +€5,278
up €5,278 (+31.8%), from €16,587 to €21,865
- Taxes -€4,539
down €4,539 (-28.9%), from €15,693 to €11,154
- Financial charges -€1,530
down €1,530 (-17.8%), from €8,592 to €7,063
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 | €400,846 | €379,635 | -€21,211 | -5.3% |
| Fixed assets | 21/28 | €130,589 | €108,725 | -€21,865 | -16.7% |
| Tangible fixed assets | 22/27 | €130,589 | €108,725 | -€21,865 | -16.7% |
| Furniture and vehicles | 24 | €66,377 | €50,984 | -€15,393 | -23.2% |
| Other tangible fixed assets | 26 | €64,212 | €57,741 | -€6,471 | -10.1% |
| Current assets | 29/58 | €270,257 | €270,911 | +€654 | +0.2% |
| Amounts receivable within one year | 40/41 | €73,816 | €52,805 | -€21,011 | -28.5% |
| Trade receivables | 40 | €73,718 | €46,910 | -€26,808 | -36.4% |
| Other amounts receivable | 41 | €98 | €5,895 | +€5,797 | +5898.8% |
| Cash at bank and in hand | 54/58 | €192,994 | €211,122 | +€18,128 | +9.4% |
| Deferred charges and accrued income | 490/1 | €3,446 | €6,983 | +€3,537 | +102.6% |
| Total equity and liabilities | 10/49 | €400,846 | €379,635 | -€21,211 | -5.3% |
| Equity | 10/15 | €256,914 | €276,814 | +€19,900 | +7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €244,514 | €264,414 | +€19,900 | +8.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €244,514 | €264,414 | +€19,900 | +8.1% |
| Amounts payable | 17/49 | €143,932 | €102,821 | -€41,111 | -28.6% |
| Amounts payable within one year | 42/48 | €143,932 | €102,821 | -€41,111 | -28.6% |
| Trade debts | 44 | €257 | €3,185 | +€2,928 | +1138.1% |
| Suppliers | 440/4 | €257 | €3,185 | +€2,928 | +1138.1% |
| Taxes, remuneration and social security | 45 | €4,697 | €5,474 | +€777 | +16.6% |
| Taxes | 450/3 | €4,697 | €5,474 | +€777 | +16.6% |
| Other amounts payable | 47/48 | €138,978 | €94,162 | -€44,816 | -32.2% |
| Non-recurring operating income | 76A | €2,273 | €0 | -€2,273 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,587 | €21,865 | +€5,278 | +31.8% |
| Other operating charges | 640/8 | €1,502 | €1,600 | +€98 | +6.5% |
| Gross operating margin | 9900 | €73,671 | €61,574 | -€12,097 | -16.4% |
| Operating profit (loss) | 9901 | €55,582 | €38,109 | -€17,472 | -31.4% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €8,592 | €7,063 | -€1,530 | -17.8% |
| Recurring financial charges | 65 | €8,592 | €7,063 | -€1,530 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €46,990 | €31,053 | -€15,936 | -33.9% |
| Income taxes | 67/77 | €15,693 | €11,154 | -€4,539 | -28.9% |
| Profit (loss) for the period | 9904 | €31,297 | €19,900 | -€11,397 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,297 | €19,900 | -€11,397 | -36.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.