BlueBird: 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.
BlueBird
Largest movements
- Stocks and contracts +€278,947
up €278,947 (+39.1%), from €714,224 to €993,171
- Cash -€65,045
down €65,045 (-39.4%), from €164,880 to €99,835
mainly Stocks and contracts (-€278,947) and Net result for the year (-€4,479)
- Receivables within one year -€13,332
down €13,332 (-50.2%), from €26,531 to €13,200
of which Other amounts receivable: -€18,126
- Contributions +€187,500
up €187,500 (+20.8%), from €900,000 to €1.1m
- Trade debts +€17,827
up €17,827 (+58.5%), from €30,493 to €48,320
- Gross operating margin -€304
down €304 (-8.5%), from -€3,561 to -€3,865
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 | €914,417 | €1,115,265 | +€200,848 | +22.0% |
| Current assets | 29/58 | €914,417 | €1,115,265 | +€200,848 | +22.0% |
| Stocks and contracts in progress | 3 | €714,224 | €993,171 | +€278,947 | +39.1% |
| Stocks | 30/36 | €714,224 | €993,171 | +€278,947 | +39.1% |
| Amounts receivable within one year | 40/41 | €26,531 | €13,200 | -€13,332 | -50.2% |
| Trade receivables | 40 | €197 | €4,991 | +€4,794 | +2427.6% |
| Other amounts receivable | 41 | €26,334 | €8,208 | -€18,126 | -68.8% |
| Cash at bank and in hand | 54/58 | €164,880 | €99,835 | -€65,045 | -39.4% |
| Deferred charges and accrued income | 490/1 | €8,782 | €9,059 | +€278 | +3.2% |
| Total equity and liabilities | 10/49 | €914,417 | €1,115,265 | +€200,848 | +22.0% |
| Equity | 10/15 | €883,924 | €1,066,945 | +€183,021 | +20.7% |
| Contributions | 10/11 | €900,000 | €1,087,500 | +€187,500 | +20.8% |
| Capital | 10 | €900,000 | €1,087,500 | +€187,500 | +20.8% |
| Issued capital | 100 | €1,150,000 | €1,150,000 | = | 0.0% |
| Uncalled capital | 101 | €250,000 | €62,500 | -€187,500 | -75.0% |
| Profit (loss) carried forward | 14 | -€16,076 | -€20,555 | -€4,479 | -27.9% |
| Amounts payable | 17/49 | €30,493 | €48,320 | +€17,827 | +58.5% |
| Amounts payable within one year | 42/48 | €30,493 | €48,320 | +€17,827 | +58.5% |
| Trade debts | 44 | €30,493 | €48,320 | +€17,827 | +58.5% |
| Suppliers | 440/4 | €30,493 | €48,320 | +€17,827 | +58.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€3,561 | -€3,865 | -€304 | -8.5% |
| Operating profit (loss) | 9901 | -€4,089 | -€4,409 | -€320 | -7.8% |
| Financial charges | 65/66B | €67 | €70 | +€3 | +4.2% |
| Recurring financial charges | 65 | €67 | €70 | +€3 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,156 | -€4,479 | -€323 | -7.8% |
| Profit (loss) for the period | 9904 | -€4,156 | -€4,479 | -€323 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,156 | -€4,479 | -€323 | -7.8% |
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 10 October 2026 via checked.be.