FLYBIRD: 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.
FLYBIRD
Largest movements
- Tangible fixed assets -€68,310
down €68,310 (-18.3%), from €374,065 to €305,755
of which Furniture and vehicles: -€55,598
- Cash +€19,934
up €19,934 (+3694.5%), from €540 to €20,474
mainly Depreciation (+€68,310) and Receivables within one year (+€15,655)
- Receivables within one year -€15,655
down €15,655 (-19.4%), from €80,689 to €65,034
of which Trade receivables: -€9,731
- Debts after one year -€23,281
down €23,281 (-16.0%), from €145,633 to €122,352
- Tax, wage and social debts -€17,819
down €17,819 (-100.0%), from €17,819 to €0
- Trade debts -€15,133
down €15,133 (-49.2%), from €30,773 to €15,640
- Other debts -€9,509
down €9,509 (-11.3%), from €83,929 to €74,420
- Gross operating margin -€22,041
down €22,041 (-19.4%), from €113,451 to €91,410
- Taxes -€10,220
down €10,220 (-74.8%), from €13,668 to €3,447
- Financial income -€7,316
down €7,316 (-100.0%), from €7,316 to €0
of which Non-recurring financial income: -€7,316
- Depreciation +€3,760
up €3,760 (+5.8%), from €64,550 to €68,310
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 | €461,267 | €397,900 | -€63,367 | -13.7% |
| Fixed assets | 21/28 | €374,265 | €305,955 | -€68,310 | -18.3% |
| Tangible fixed assets | 22/27 | €374,065 | €305,755 | -€68,310 | -18.3% |
| Land and buildings | 22 | €184,194 | €172,734 | -€11,460 | -6.2% |
| Plant, machinery and equipment | 23 | €2,648 | €1,396 | -€1,252 | -47.3% |
| Furniture and vehicles | 24 | €187,222 | €131,624 | -€55,598 | -29.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €87,002 | €91,945 | +€4,943 | +5.7% |
| Amounts receivable within one year | 40/41 | €80,689 | €65,034 | -€15,655 | -19.4% |
| Trade receivables | 40 | €50,395 | €40,664 | -€9,731 | -19.3% |
| Other amounts receivable | 41 | €30,294 | €24,370 | -€5,924 | -19.6% |
| Cash at bank and in hand | 54/58 | €540 | €20,474 | +€19,934 | +3694.5% |
| Deferred charges and accrued income | 490/1 | €5,773 | €6,437 | +€664 | +11.5% |
| Total equity and liabilities | 10/49 | €461,267 | €397,900 | -€63,367 | -13.7% |
| Equity | 10/15 | €139,271 | €143,329 | +€4,057 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €440 | €440 | = | 0.0% |
| Reserves | 13 | €126,431 | €130,489 | +€4,057 | +3.2% |
| Tax-exempt reserves | 132 | €10,475 | €10,475 | = | 0.0% |
| Distributable reserves | 133 | €115,957 | €120,014 | +€4,057 | +3.5% |
| Amounts payable | 17/49 | €321,996 | €254,571 | -€67,425 | -20.9% |
| Amounts payable after more than one year | 17 | €145,633 | €122,352 | -€23,281 | -16.0% |
| Financial debts | 170/4 | €145,633 | €122,352 | -€23,281 | -16.0% |
| Amounts payable within one year | 42/48 | €170,213 | €126,513 | -€43,699 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €37,693 | €36,454 | -€1,239 | -3.3% |
| Trade debts | 44 | €30,773 | €15,640 | -€15,133 | -49.2% |
| Suppliers | 440/4 | €30,773 | €15,640 | -€15,133 | -49.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,819 | €0 | -€17,819 | -100.0% |
| Taxes | 450/3 | €17,819 | €0 | -€17,819 | -100.0% |
| Other amounts payable | 47/48 | €83,929 | €74,420 | -€9,509 | -11.3% |
| Accrued charges and deferred income | 492/3 | €6,150 | €5,706 | -€445 | -7.2% |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,550 | €68,310 | +€3,760 | +5.8% |
| Other operating charges | 640/8 | €6,194 | €6,438 | +€245 | +3.9% |
| Non-recurring operating charges | 66A | €0 | €0 | -€0 | -100.0% |
| Gross operating margin | 9900 | €113,451 | €91,410 | -€22,041 | -19.4% |
| Operating profit (loss) | 9901 | €42,707 | €16,661 | -€26,045 | -61.0% |
| Financial income | 75/76B | €7,316 | €0 | -€7,316 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Non-recurring financial income | 76B | €7,316 | €0 | -€7,316 | -100.0% |
| Financial charges | 65/66B | €8,988 | €9,156 | +€168 | +1.9% |
| Recurring financial charges | 65 | €8,988 | €9,156 | +€168 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €41,034 | €7,505 | -€33,529 | -81.7% |
| Income taxes | 67/77 | €13,668 | €3,447 | -€10,220 | -74.8% |
| Profit (loss) for the period | 9904 | €27,367 | €4,057 | -€23,309 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,367 | €4,057 | -€23,309 | -85.2% |
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.