FINALI BIRD: 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.
FINALI BIRD
Largest movements
- Cash -€50,716
down €50,716 (-79.2%), from €64,004 to €13,288
mainly Net result for the year (-€65,249) and Receivables within one year (-€46,980)
- Receivables within one year +€46,980
up €46,980 (+132.2%), from €35,535 to €82,515
of which Trade receivables: +€41,671
- Tangible fixed assets -€7,785
down €7,785 (-47.4%), from €16,429 to €8,645
of which Furniture and vehicles: -€10,332
- Stocks and contracts -€6,887
down €6,887 (-25.7%), from €26,812 to €19,925
- Trade debts +€65,354
up €65,354 (+1091.5%), from €5,988 to €71,342
- Profit (loss) carried forward -€65,249
down €65,249 (-1048.0%), from -€6,226 to -€71,475
- Current portion of long-term debt -€19,061
down €19,061 (-85.2%), from €22,367 to €3,306
- Debts after one year -€4,667
down €4,667 (-19.7%), from €23,745 to €19,078
- Tax, wage and social debts +€3,533
up €3,533 (+107.1%), from €3,298 to €6,832
of which Remuneration and social security: +€4,710
- Gross operating margin -€50,206
down €50,206, from €29,234 to -€20,973
- Financial charges -€681
down €681 (-35.4%), from €1,921 to €1,240
- Staff costs +€636
up €636 (+2.0%), from €31,328 to €31,963
- Other operating charges -€592
down €592 (-43.1%), from €1,375 to €783
- Depreciation -€371
down €371 (-3.4%), from €10,794 to €10,423
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €143,690 | €124,942 | -€18,748 | -13.0% |
| Fixed assets | 21/28 | €16,429 | €8,645 | -€7,785 | -47.4% |
| Tangible fixed assets | 22/27 | €16,429 | €8,645 | -€7,785 | -47.4% |
| Furniture and vehicles | 24 | €16,429 | €6,097 | -€10,332 | -62.9% |
| Other tangible fixed assets | 26 | - | €2,547 | +€2,547 | |
| Current assets | 29/58 | €127,261 | €116,298 | -€10,963 | -8.6% |
| Stocks and contracts in progress | 3 | €26,812 | €19,925 | -€6,887 | -25.7% |
| Stocks | 30/36 | €26,812 | €19,925 | -€6,887 | -25.7% |
| Amounts receivable within one year | 40/41 | €35,535 | €82,515 | +€46,980 | +132.2% |
| Trade receivables | 40 | €28,457 | €70,128 | +€41,671 | +146.4% |
| Other amounts receivable | 41 | €7,078 | €12,387 | +€5,309 | +75.0% |
| Cash at bank and in hand | 54/58 | €64,004 | €13,288 | -€50,716 | -79.2% |
| Deferred charges and accrued income | 490/1 | €910 | €569 | -€340 | -37.4% |
| Total equity and liabilities | 10/49 | €143,690 | €124,942 | -€18,748 | -13.0% |
| Equity | 10/15 | €88,282 | €23,033 | -€65,249 | -73.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €69,508 | €69,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €67,008 | €67,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,226 | -€71,475 | -€65,249 | -1048.0% |
| Amounts payable | 17/49 | €55,408 | €101,909 | +€46,501 | +83.9% |
| Amounts payable after more than one year | 17 | €23,745 | €19,078 | -€4,667 | -19.7% |
| Financial debts | 170/4 | €23,745 | €19,078 | -€4,667 | -19.7% |
| Amounts payable within one year | 42/48 | €31,653 | €81,479 | +€49,826 | +157.4% |
| Current portion of amounts payable after more than one year | 42 | €22,367 | €3,306 | -€19,061 | -85.2% |
| Trade debts | 44 | €5,988 | €71,342 | +€65,354 | +1091.5% |
| Suppliers | 440/4 | €5,988 | €71,342 | +€65,354 | +1091.5% |
| Taxes, remuneration and social security | 45 | €3,298 | €6,832 | +€3,533 | +107.1% |
| Taxes | 450/3 | €1,631 | €454 | -€1,177 | -72.2% |
| Remuneration and social security | 454/9 | €1,667 | €6,378 | +€4,710 | +282.5% |
| Accrued charges and deferred income | 492/3 | €10 | €1,352 | +€1,342 | +13233.8% |
| Remuneration, social security and pensions | 62 | €31,328 | €31,963 | +€636 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,794 | €10,423 | -€371 | -3.4% |
| Other operating charges | 640/8 | €1,375 | €783 | -€592 | -43.1% |
| Gross operating margin | 9900 | €29,234 | -€20,973 | -€50,206 | |
| Operating profit (loss) | 9901 | -€14,263 | -€64,142 | -€49,879 | -349.7% |
| Financial income | 75/76B | €168 | €292 | +€124 | +74.0% |
| Recurring financial income | 75 | €168 | €292 | +€124 | +74.0% |
| Financial charges | 65/66B | €1,921 | €1,240 | -€681 | -35.4% |
| Recurring financial charges | 65 | €1,921 | €1,240 | -€681 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,016 | -€65,090 | -€49,074 | -306.4% |
| Income taxes | 67/77 | €167 | €158 | -€9 | -5.4% |
| Profit (loss) for the period | 9904 | -€16,184 | -€65,249 | -€49,065 | -303.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,184 | -€65,249 | -€49,065 | -303.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.