FIREBIRD NETWORKS: 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.
FIREBIRD NETWORKS
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€174,037
down €174,037 (-80.4%), from €216,385 to €42,347
mainly Contributions, distributions and other (-€297,815) and Current investments (-€250,000)
- Tangible fixed assets -€19,566
down €19,566 (-45.3%), from €43,179 to €23,613
of which Furniture and vehicles: -€21,060
- Receivables within one year -€4,523
down €4,523 (-12.8%), from €35,208 to €30,685
- Other debts +€56,739
up €56,739 (+27.4%), from €206,707 to €263,446
- Profit (loss) carried forward -€15,095
down €15,095 (-38.9%), from €38,815 to €23,720
- Current portion of long-term debt +€5,000
up €5,000 (+37.5%), from €13,333 to €18,333
- Trade debts +€4,985
up €4,985 (+59.2%), from €8,415 to €13,400
- Gross operating margin +€95,218
up €95,218 (+31.1%), from €305,803 to €401,021
- Taxes +€21,718
up €21,718 (+30.9%), from €70,322 to €92,040
- Depreciation +€18,312
up €18,312 (+338%), from €5,410 to €23,723
- Other operating charges -€5,089
down €5,089 (-81.3%), from €6,259 to €1,170
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.
Derived cash bridge
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 | €301,203 | €354,434 | +€53,231 | +17.7% |
| Fixed assets | 21/28 | €43,179 | €23,813 | -€19,366 | -44.9% |
| Tangible fixed assets | 22/27 | €43,179 | €23,613 | -€19,566 | -45.3% |
| Plant, machinery and equipment | 23 | €2,451 | €3,945 | +€1,494 | +61.0% |
| Furniture and vehicles | 24 | €40,728 | €19,668 | -€21,060 | -51.7% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €258,024 | €330,621 | +€72,597 | +28.1% |
| Amounts receivable within one year | 40/41 | €35,208 | €30,685 | -€4,523 | -12.8% |
| Trade receivables | 40 | €35,208 | €30,685 | -€4,523 | -12.8% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €216,385 | €42,347 | -€174,037 | -80.4% |
| Deferred charges and accrued income | 490/1 | €6,431 | €7,589 | +€1,158 | +18.0% |
| Total equity and liabilities | 10/49 | €301,203 | €354,434 | +€53,231 | +17.7% |
| Equity | 10/15 | €59,275 | €44,180 | -€15,095 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,815 | €23,720 | -€15,095 | -38.9% |
| Amounts payable | 17/49 | €241,928 | €310,255 | +€68,326 | +28.2% |
| Amounts payable within one year | 42/48 | €241,928 | €310,255 | +€68,326 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €18,333 | +€5,000 | +37.5% |
| Trade debts | 44 | €8,415 | €13,400 | +€4,985 | +59.2% |
| Suppliers | 440/4 | €8,415 | €13,400 | +€4,985 | +59.2% |
| Taxes, remuneration and social security | 45 | €13,473 | €15,076 | +€1,603 | +11.9% |
| Taxes | 450/3 | €13,473 | €14,441 | +€968 | +7.2% |
| Remuneration and social security | 454/9 | - | €635 | +€635 | |
| Other amounts payable | 47/48 | €206,707 | €263,446 | +€56,739 | +27.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,410 | €23,723 | +€18,312 | +338% |
| Other operating charges | 640/8 | €6,259 | €1,170 | -€5,089 | -81.3% |
| Gross operating margin | 9900 | €305,803 | €401,021 | +€95,218 | +31.1% |
| Operating profit (loss) | 9901 | €294,134 | €376,129 | +€81,995 | +27.9% |
| Financial income | 75/76B | €90 | €438 | +€348 | +385% |
| Recurring financial income | 75 | €90 | €438 | +€348 | +385% |
| Financial charges | 65/66B | €1,034 | €1,807 | +€773 | +74.8% |
| Recurring financial charges | 65 | €1,034 | €1,807 | +€773 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | €293,190 | €374,760 | +€81,570 | +27.8% |
| Income taxes | 67/77 | €70,322 | €92,040 | +€21,718 | +30.9% |
| Profit (loss) for the period | 9904 | €222,868 | €282,720 | +€59,852 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €222,868 | €282,720 | +€59,852 | +26.9% |
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 24 October 2026 via checked.be.