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
- Current investments -€20,000
down €20,000 (-66.7%), from €30,000 to €10,000
- Cash +€14,905
up €14,905 (+24.6%), from €60,489 to €75,394
mainly Net result for the year (+€46,858) and Other debts (+€33,400)
- Receivables after one year +€11,500
up €11,500 (+12.0%), from €96,112 to €107,612
- Deferred charges and accrued income +€10,453
up €10,453 (+544.2%), from €1,921 to €12,374
- Tangible fixed assets +€4,354
up €4,354 (+12.2%), from €35,554 to €39,908
of which Land and buildings: +€3,752
- Other debts +€33,400
up €33,400 (+2087.5%), from €1,600 to €35,000
- Debts after one year -€13,714
down €13,714 (-20.0%), from €68,571 to €54,857
- Reserves +€11,858
up €11,858 (+9.5%), from €125,420 to €137,278
- Tax, wage and social debts -€6,543
down €6,543 (-55.1%), from €11,886 to €5,343
- Gross operating margin +€34,607
up €34,607 (+99.3%), from €34,867 to €69,474
- Taxes +€5,853
up €5,853 (+93.6%), from €6,254 to €12,107
- Financial charges +€1,127
up €1,127 (+32.4%), from €3,476 to €4,603
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 | €242,743 | €267,070 | +€24,328 | +10.0% |
| Fixed assets | 21/28 | €40,554 | €44,908 | +€4,354 | +10.7% |
| Tangible fixed assets | 22/27 | €35,554 | €39,908 | +€4,354 | +12.2% |
| Land and buildings | 22 | €31,435 | €35,187 | +€3,752 | +11.9% |
| Plant, machinery and equipment | 23 | - | €2,636 | +€2,636 | |
| Furniture and vehicles | 24 | €4,119 | €2,085 | -€2,034 | -49.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €202,189 | €222,162 | +€19,974 | +9.9% |
| Amounts receivable after more than one year | 29 | €96,112 | €107,612 | +€11,500 | +12.0% |
| Other amounts receivable | 291 | €96,112 | €107,612 | +€11,500 | +12.0% |
| Amounts receivable within one year | 40/41 | €13,668 | €16,783 | +€3,115 | +22.8% |
| Trade receivables | 40 | €11,253 | €9,398 | -€1,855 | -16.5% |
| Other amounts receivable | 41 | €2,415 | €7,385 | +€4,970 | +205.9% |
| Current investments | 50/53 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €60,489 | €75,394 | +€14,905 | +24.6% |
| Deferred charges and accrued income | 490/1 | €1,921 | €12,374 | +€10,453 | +544.2% |
| Total equity and liabilities | 10/49 | €242,743 | €267,070 | +€24,328 | +10.0% |
| Equity | 10/15 | €143,970 | €155,828 | +€11,858 | +8.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €125,420 | €137,278 | +€11,858 | +9.5% |
| Distributable reserves | 133 | €125,420 | €137,278 | +€11,858 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €98,772 | €111,242 | +€12,470 | +12.6% |
| Amounts payable after more than one year | 17 | €68,571 | €54,857 | -€13,714 | -20.0% |
| Other amounts payable | 178/9 | €68,571 | €54,857 | -€13,714 | -20.0% |
| Amounts payable within one year | 42/48 | €27,857 | €54,432 | +€26,575 | +95.4% |
| Current portion of amounts payable after more than one year | 42 | €13,714 | €13,714 | = | 0.0% |
| Trade debts | 44 | €656 | €374 | -€282 | -42.9% |
| Suppliers | 440/4 | €656 | €374 | -€282 | -42.9% |
| Taxes, remuneration and social security | 45 | €11,886 | €5,343 | -€6,543 | -55.1% |
| Taxes | 450/3 | €11,886 | €5,343 | -€6,543 | -55.1% |
| Other amounts payable | 47/48 | €1,600 | €35,000 | +€33,400 | +2087.5% |
| Accrued charges and deferred income | 492/3 | €2,344 | €1,954 | -€391 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,354 | €4,912 | +€558 | +12.8% |
| Other operating charges | 640/8 | €1,146 | €1,657 | +€510 | +44.5% |
| Gross operating margin | 9900 | €34,867 | €69,474 | +€34,607 | +99.3% |
| Operating profit (loss) | 9901 | €29,366 | €62,905 | +€33,539 | +114.2% |
| Financial income | 75/76B | €519 | €663 | +€144 | +27.8% |
| Recurring financial income | 75 | €519 | €663 | +€144 | +27.8% |
| Financial charges | 65/66B | €3,476 | €4,603 | +€1,127 | +32.4% |
| Recurring financial charges | 65 | €3,476 | €4,603 | +€1,127 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €26,409 | €58,965 | +€32,556 | +123.3% |
| Income taxes | 67/77 | €6,254 | €12,107 | +€5,853 | +93.6% |
| Profit (loss) for the period | 9904 | €20,155 | €46,858 | +€26,703 | +132.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,155 | €46,858 | +€26,703 | +132.5% |
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 4 October 2026 via checked.be.