HRBirds: 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.
HRBirds
Largest movements
- Cash -€117,352
down €117,352 (-44.4%), from €264,438 to €147,087
mainly Contributions, distributions and other (-€176,082) and Other debts (-€23,918)
- Receivables within one year -€5,554
down €5,554 (-9.0%), from €61,915 to €56,361
of which Other amounts receivable: -€5,445
- Profit (loss) carried forward -€76,941
down €76,941 (-100%), from €76,941 to €0
- Other debts -€23,918
down €23,918 (-11.9%), from €200,750 to €176,832
- Tax, wage and social debts -€15,835
down €15,835 (-27.9%), from €56,772 to €40,936
of which Taxes: -€15,835
- Gross operating margin -€43,926
down €43,926 (-25.3%), from €173,808 to €129,882
- Taxes -€13,412
down €13,412 (-33.5%), from €40,011 to €26,600
- Depreciation +€2,252
up €2,252 (+87.0%), from €2,588 to €4,840
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 | €340,780 | €223,491 | -€117,288 | -34.4% |
| Fixed assets | 21/28 | €14,426 | €17,438 | +€3,012 | +20.9% |
| Tangible fixed assets | 22/27 | €14,426 | €17,438 | +€3,012 | +20.9% |
| Land and buildings | 22 | €2,828 | €2,482 | -€346 | -12.2% |
| Furniture and vehicles | 24 | €11,598 | €14,956 | +€3,357 | +28.9% |
| Current assets | 29/58 | €326,354 | €206,053 | -€120,300 | -36.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €61,915 | €56,361 | -€5,554 | -9.0% |
| Trade receivables | 40 | €109 | €0 | -€109 | -100% |
| Other amounts receivable | 41 | €61,806 | €56,361 | -€5,445 | -8.8% |
| Cash at bank and in hand | 54/58 | €264,438 | €147,087 | -€117,352 | -44.4% |
| Deferred charges and accrued income | 490/1 | €0 | €2,605 | +€2,605 | |
| Total equity and liabilities | 10/49 | €340,780 | €223,491 | -€117,288 | -34.4% |
| Equity | 10/15 | €81,941 | €5,000 | -€76,941 | -93.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,941 | €0 | -€76,941 | -100% |
| Amounts payable | 17/49 | €258,838 | €218,491 | -€40,347 | -15.6% |
| Amounts payable within one year | 42/48 | €258,838 | €218,491 | -€40,347 | -15.6% |
| Trade debts | 44 | €1,317 | €723 | -€593 | -45.1% |
| Suppliers | 440/4 | €1,317 | €723 | -€593 | -45.1% |
| Taxes, remuneration and social security | 45 | €56,772 | €40,936 | -€15,835 | -27.9% |
| Taxes | 450/3 | €56,772 | €40,936 | -€15,835 | -27.9% |
| Remuneration and social security | 454/9 | €0 | €0 | -€0 | -100% |
| Other amounts payable | 47/48 | €200,750 | €176,832 | -€23,918 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,588 | €4,840 | +€2,252 | +87.0% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | €173,808 | €129,882 | -€43,926 | -25.3% |
| Operating profit (loss) | 9901 | €171,102 | €124,522 | -€46,580 | -27.2% |
| Financial income | 75/76B | €1,558 | €1,318 | -€240 | -15.4% |
| Recurring financial income | 75 | €1,558 | €1,318 | -€240 | -15.4% |
| Financial charges | 65/66B | €235 | €101 | -€134 | -57.1% |
| Recurring financial charges | 65 | €235 | €101 | -€134 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €172,426 | €125,740 | -€46,686 | -27.1% |
| Income taxes | 67/77 | €40,011 | €26,600 | -€13,412 | -33.5% |
| Profit (loss) for the period | 9904 | €132,415 | €99,140 | -€33,274 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €132,415 | €99,140 | -€33,274 | -25.1% |
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.