G-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.
G-Bird
Largest movements
- Tangible fixed assets +€50,962
up €50,962 (+6,594%), from €773 to €51,735
- Cash -€16,987
down €16,987 (-16.5%), from €102,905 to €85,919
mainly Investment in fixed assets (net) (-€52,861) and Receivables within one year (-€11,501)
- Receivables within one year +€11,501
up €11,501 (+41.4%), from €27,774 to €39,276
of which Trade receivables: +€19,873
- Reserves +€50,005
up €50,005 (+50.0%), from €100,097 to €150,101
- Trade debts -€4,106
down €4,106 (-97.5%), from €4,211 to €105
- Other debts -€2,967
down €2,967 (-28.7%), from €10,333 to €7,367
- Tax, wage and social debts +€2,699
up €2,699 (+21.9%), from €12,297 to €14,996
of which Taxes: +€2,749
- Gross operating margin +€28,942
up €28,942 (+74.7%), from €38,766 to €67,708
- Taxes +€5,791
up €5,791 (+66.7%), from €8,682 to €14,473
- Depreciation +€1,374
up €1,374 (+261%), from €525 to €1,899
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 | €133,267 | €179,295 | +€46,029 | +34.5% |
| Fixed assets | 21/28 | €773 | €51,735 | +€50,962 | +6,594% |
| Tangible fixed assets | 22/27 | €773 | €51,735 | +€50,962 | +6,594% |
| Furniture and vehicles | 24 | €773 | €51,735 | +€50,962 | +6,594% |
| Current assets | 29/58 | €132,494 | €127,560 | -€4,934 | -3.7% |
| Amounts receivable within one year | 40/41 | €27,774 | €39,276 | +€11,501 | +41.4% |
| Trade receivables | 40 | €16,456 | €36,329 | +€19,873 | +121% |
| Other amounts receivable | 41 | €11,318 | €2,947 | -€8,372 | -74.0% |
| Cash at bank and in hand | 54/58 | €102,905 | €85,919 | -€16,987 | -16.5% |
| Deferred charges and accrued income | 490/1 | €1,814 | €2,366 | +€552 | +30.4% |
| Total equity and liabilities | 10/49 | €133,267 | €179,295 | +€46,029 | +34.5% |
| Equity | 10/15 | €105,097 | €155,101 | +€50,005 | +47.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,097 | €150,101 | +€50,005 | +50.0% |
| Distributable reserves | 133 | €100,097 | €150,101 | +€50,005 | +50.0% |
| Amounts payable | 17/49 | €28,170 | €24,194 | -€3,976 | -14.1% |
| Amounts payable within one year | 42/48 | €26,842 | €22,468 | -€4,374 | -16.3% |
| Trade debts | 44 | €4,211 | €105 | -€4,106 | -97.5% |
| Suppliers | 440/4 | €4,211 | €105 | -€4,106 | -97.5% |
| Taxes, remuneration and social security | 45 | €12,297 | €14,996 | +€2,699 | +21.9% |
| Taxes | 450/3 | €9,797 | €12,546 | +€2,749 | +28.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,450 | -€50 | -2.0% |
| Other amounts payable | 47/48 | €10,333 | €7,367 | -€2,967 | -28.7% |
| Accrued charges and deferred income | 492/3 | €1,328 | €1,726 | +€398 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €1,899 | +€1,374 | +261% |
| Other operating charges | 640/8 | €446 | €449 | +€3 | +0.6% |
| Gross operating margin | 9900 | €38,766 | €67,708 | +€28,942 | +74.7% |
| Operating profit (loss) | 9901 | €37,794 | €65,360 | +€27,566 | +72.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €803 | €882 | +€79 | +9.9% |
| Recurring financial charges | 65 | €803 | €882 | +€79 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €36,991 | €64,478 | +€27,486 | +74.3% |
| Income taxes | 67/77 | €8,682 | €14,473 | +€5,791 | +66.7% |
| Profit (loss) for the period | 9904 | €28,310 | €50,005 | +€21,695 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,310 | €50,005 | +€21,695 | +76.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.