BIRGIMMO: 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.
BIRGIMMO
Largest movements
- Cash +€49,214
up €49,214 (+97.7%), from €50,385 to €99,599
mainly Depreciation (+€42,672) and Net result for the year (+€18,526)
- Tangible fixed assets -€22,105
down €22,105 (-2.9%), from €750,726 to €728,621
of which Land and buildings: -€25,586
- Reserves +€18,526
up €18,526 (+7.7%), from €241,139 to €259,665
of which Distributable reserves: +€25,656
- Gross operating margin +€4,593
up €4,593 (+5.0%), from €91,315 to €95,908
- Taxes +€2,310
up €2,310 (+25.4%), from €9,094 to €11,404
- Financial charges -€1,570
down €1,570 (-8.9%), from €17,667 to €16,097
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 | €805,685 | €830,642 | +€24,958 | +3.1% |
| Fixed assets | 21/28 | €750,893 | €728,788 | -€22,105 | -2.9% |
| Tangible fixed assets | 22/27 | €750,726 | €728,621 | -€22,105 | -2.9% |
| Land and buildings | 22 | €743,181 | €717,595 | -€25,586 | -3.4% |
| Plant, machinery and equipment | 23 | €5,781 | €10,321 | +€4,540 | +78.5% |
| Furniture and vehicles | 24 | €1,764 | €705 | -€1,059 | -60.0% |
| Financial fixed assets | 28 | €167 | €167 | = | 0.0% |
| Current assets | 29/58 | €54,791 | €101,854 | +€47,063 | +85.9% |
| Amounts receivable within one year | 40/41 | €2,762 | €906 | -€1,856 | -67.2% |
| Other amounts receivable | 41 | €2,762 | €906 | -€1,856 | -67.2% |
| Cash at bank and in hand | 54/58 | €50,385 | €99,599 | +€49,214 | +97.7% |
| Deferred charges and accrued income | 490/1 | €1,644 | €1,349 | -€295 | -17.9% |
| Total equity and liabilities | 10/49 | €805,685 | €830,642 | +€24,958 | +3.1% |
| Equity | 10/15 | €558,443 | €576,969 | +€18,526 | +3.3% |
| Contributions | 10/11 | €317,304 | €317,304 | = | 0.0% |
| Capital | 10 | €317,304 | €317,304 | = | 0.0% |
| Issued capital | 100 | €317,304 | €317,304 | = | 0.0% |
| Reserves | 13 | €241,139 | €259,665 | +€18,526 | +7.7% |
| Non-distributable reserves | 130/1 | €31,730 | €31,730 | = | 0.0% |
| Legal reserve | 130 | €31,730 | €31,730 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,372 | €39,242 | -€7,130 | -15.4% |
| Distributable reserves | 133 | €163,037 | €188,693 | +€25,656 | +15.7% |
| Provisions and deferred taxes | 16 | €8,732 | €6,950 | -€1,782 | -20.4% |
| Deferred taxes | 168 | €8,732 | €6,950 | -€1,782 | -20.4% |
| Amounts payable | 17/49 | €238,510 | €246,724 | +€8,214 | +3.4% |
| Amounts payable after more than one year | 17 | €226,273 | €234,163 | +€7,891 | +3.5% |
| Other amounts payable | 178/9 | €226,273 | €234,163 | +€7,891 | +3.5% |
| Amounts payable within one year | 42/48 | €6,956 | €7,130 | +€174 | +2.5% |
| Trade debts | 44 | €961 | €398 | -€564 | -58.6% |
| Suppliers | 440/4 | €961 | €398 | -€564 | -58.6% |
| Taxes, remuneration and social security | 45 | €5,260 | €6,188 | +€928 | +17.7% |
| Taxes | 450/3 | €5,260 | €6,188 | +€928 | +17.7% |
| Other amounts payable | 47/48 | €734 | €544 | -€190 | -25.9% |
| Accrued charges and deferred income | 492/3 | €5,282 | €5,431 | +€149 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,566 | €42,672 | +€106 | +0.2% |
| Other operating charges | 640/8 | €9,697 | €8,991 | -€706 | -7.3% |
| Gross operating margin | 9900 | €91,315 | €95,908 | +€4,593 | +5.0% |
| Operating profit (loss) | 9901 | €39,053 | €44,245 | +€5,192 | +13.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -85.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -85.0% |
| Financial charges | 65/66B | €17,667 | €16,097 | -€1,570 | -8.9% |
| Recurring financial charges | 65 | €17,667 | €16,097 | -€1,570 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €21,386 | €28,148 | +€6,762 | +31.6% |
| Transfer from deferred taxes | 780 | €1,782 | €1,782 | = | 0.0% |
| Income taxes | 67/77 | €9,094 | €11,404 | +€2,310 | +25.4% |
| Profit (loss) for the period | 9904 | €14,074 | €18,526 | +€4,452 | +31.6% |
| Transfer from tax-exempt reserves | 789 | €7,130 | €7,130 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,204 | €25,656 | +€4,452 | +21.0% |
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 3 October 2026 via checked.be.