BLUEBIRD CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€29,594
up €29,594 (+236.6%), from €12,508 to €42,102
- Other debts +€16,546
up €16,546 (+74.5%), from €22,214 to €38,760
- Debts after one year -€9,580
down €9,580 (-2.4%), from €393,879 to €384,299
of which Financial debts: -€9,580
- Trade debts +€8,966
up €8,966 (+590.3%), from €1,519 to €10,485
- Tax, wage and social debts +€7,196
up €7,196 (+42.4%), from €16,992 to €24,188
- Current portion of long-term debt +€6,499
up €6,499 (+60.7%), from €10,704 to €17,203
- Gross operating margin +€44,906
up €44,906 (+98.8%), from €45,445 to €90,352
- Taxes +€8,562
up €8,562 (+161.9%), from €5,290 to €13,852
- Depreciation +€6,303
up €6,303 (+40.0%), from €15,776 to €22,079
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 | €473,693 | €503,320 | +€29,628 | +6.3% |
| Fixed assets | 21/28 | €429,017 | €431,458 | +€2,440 | +0.6% |
| Tangible fixed assets | 22/27 | €429,017 | €431,458 | +€2,440 | +0.6% |
| Land and buildings | 22 | €402,368 | €391,349 | -€11,019 | -2.7% |
| Plant, machinery and equipment | 23 | €17,008 | €25,294 | +€8,286 | +48.7% |
| Furniture and vehicles | 24 | €9,641 | €14,814 | +€5,173 | +53.7% |
| Current assets | 29/58 | €44,675 | €71,863 | +€27,188 | +60.9% |
| Amounts receivable within one year | 40/41 | €12,508 | €42,102 | +€29,594 | +236.6% |
| Trade receivables | 40 | €12,508 | €42,102 | +€29,594 | +236.6% |
| Cash at bank and in hand | 54/58 | €30,804 | €29,245 | -€1,559 | -5.1% |
| Deferred charges and accrued income | 490/1 | €1,363 | €516 | -€848 | -62.2% |
| Total equity and liabilities | 10/49 | €473,693 | €503,320 | +€29,628 | +6.3% |
| Equity | 10/15 | €26,593 | €26,593 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €22,593 | €22,593 | = | 0.0% |
| Distributable reserves | 133 | €22,593 | €22,593 | = | 0.0% |
| Amounts payable | 17/49 | €447,100 | €476,728 | +€29,628 | +6.6% |
| Amounts payable after more than one year | 17 | €393,879 | €384,299 | -€9,580 | -2.4% |
| Financial debts | 170/4 | €268,879 | €259,299 | -€9,580 | -3.6% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,428 | €90,636 | +€39,208 | +76.2% |
| Current portion of amounts payable after more than one year | 42 | €10,704 | €17,203 | +€6,499 | +60.7% |
| Trade debts | 44 | €1,519 | €10,485 | +€8,966 | +590.3% |
| Suppliers | 440/4 | €1,519 | €10,485 | +€8,966 | +590.3% |
| Taxes, remuneration and social security | 45 | €16,992 | €24,188 | +€7,196 | +42.4% |
| Taxes | 450/3 | €16,992 | €24,188 | +€7,196 | +42.4% |
| Other amounts payable | 47/48 | €22,214 | €38,760 | +€16,546 | +74.5% |
| Accrued charges and deferred income | 492/3 | €1,792 | €1,792 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,776 | €22,079 | +€6,303 | +40.0% |
| Other operating charges | 640/8 | €2,023 | €2,237 | +€214 | +10.6% |
| Gross operating margin | 9900 | €45,445 | €90,352 | +€44,906 | +98.8% |
| Operating profit (loss) | 9901 | €27,646 | €66,036 | +€38,390 | +138.9% |
| Financial income | 75/76B | €0 | €3 | +€3 | +33200.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +33200.0% |
| Financial charges | 65/66B | €11,523 | €11,504 | -€19 | -0.2% |
| Recurring financial charges | 65 | €11,523 | €11,504 | -€19 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €16,123 | €54,535 | +€38,412 | +238.2% |
| Income taxes | 67/77 | €5,290 | €13,852 | +€8,562 | +161.9% |
| Profit (loss) for the period | 9904 | €10,833 | €40,682 | +€29,850 | +275.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,833 | €40,682 | +€29,850 | +275.6% |
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 9 October 2026 via checked.be.