Bitco Be: 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.
Bitco Be
Largest movements
- Receivables within one year +€48,892
up €48,892 (+131.1%), from €37,297 to €86,189
of which Trade receivables: +€40,847
- Stocks and contracts +€23,903
up €23,903 (+12.8%), from €186,441 to €210,344
- Cash +€7,516
up €7,516 (+132.2%), from €5,687 to €13,203
mainly Other debts (+€112,757) and Depreciation (+€6,248)
- Tangible fixed assets -€6,248
down €6,248 (-27.5%), from €22,686 to €16,438
- Other debts +€112,757
up €112,757 (+711.8%), from €15,840 to €128,597
- Trade debts -€33,125
down €33,125 (-30.3%), from €109,199 to €76,074
- Debts after one year -€3,942
down €3,942 (-100.0%), from €3,942 to €0
- Financial income -€84,970
down €84,970 (-98.0%), from €86,713 to €1,743
of which Non-recurring financial income: -€86,713
- Gross operating margin +€46,740
up €46,740, from -€39,598 to €7,142
- Staff costs -€35,536
down €35,536, from €30,927 to -€4,609
- Taxes +€1,649
up €1,649 (+1181.9%), from €140 to €1,788
- Depreciation +€1,583
up €1,583 (+33.9%), from €4,665 to €6,248
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 | €255,800 | €331,351 | +€75,552 | +29.5% |
| Fixed assets | 21/28 | €25,121 | €20,074 | -€5,048 | -20.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €22,686 | €16,438 | -€6,248 | -27.5% |
| Furniture and vehicles | 24 | €22,686 | €16,438 | -€6,248 | -27.5% |
| Financial fixed assets | 28 | €2,436 | €3,636 | +€1,200 | +49.3% |
| Current assets | 29/58 | €230,678 | €311,278 | +€80,599 | +34.9% |
| Stocks and contracts in progress | 3 | €186,441 | €210,344 | +€23,903 | +12.8% |
| Stocks | 30/36 | €186,441 | €210,344 | +€23,903 | +12.8% |
| Amounts receivable within one year | 40/41 | €37,297 | €86,189 | +€48,892 | +131.1% |
| Trade receivables | 40 | €32,317 | €73,164 | +€40,847 | +126.4% |
| Other amounts receivable | 41 | €4,979 | €13,025 | +€8,045 | +161.6% |
| Cash at bank and in hand | 54/58 | €5,687 | €13,203 | +€7,516 | +132.2% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,542 | +€288 | +22.9% |
| Total equity and liabilities | 10/49 | €255,800 | €331,351 | +€75,552 | +29.5% |
| Equity | 10/15 | €93,745 | €94,900 | +€1,156 | +1.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,255 | -€5,100 | +€1,156 | +18.5% |
| Amounts payable | 17/49 | €162,055 | €236,451 | +€74,396 | +45.9% |
| Amounts payable after more than one year | 17 | €3,942 | €0 | -€3,942 | -100.0% |
| Financial debts | 170/4 | €3,942 | €0 | -€3,942 | -100.0% |
| Amounts payable within one year | 42/48 | €158,113 | €236,324 | +€78,212 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €7,041 | €4,495 | -€2,546 | -36.2% |
| Trade debts | 44 | €109,199 | €76,074 | -€33,125 | -30.3% |
| Suppliers | 440/4 | €109,199 | €76,074 | -€33,125 | -30.3% |
| Taxes, remuneration and social security | 45 | €26,032 | €27,158 | +€1,125 | +4.3% |
| Taxes | 450/3 | €10,288 | €14,231 | +€3,943 | +38.3% |
| Remuneration and social security | 454/9 | €15,745 | €12,927 | -€2,818 | -17.9% |
| Other amounts payable | 47/48 | €15,840 | €128,597 | +€112,757 | +711.8% |
| Accrued charges and deferred income | 492/3 | - | €127 | +€127 | |
| Non-recurring operating income | 76A | - | €54,111 | +€54,111 | |
| Remuneration, social security and pensions | 62 | €30,927 | -€4,609 | -€35,536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,665 | €6,248 | +€1,583 | +33.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,348 | €2,683 | +€336 | +14.3% |
| Gross operating margin | 9900 | -€39,598 | €7,142 | +€46,740 | |
| Operating profit (loss) | 9901 | -€77,538 | €2,820 | +€80,357 | |
| Financial income | 75/76B | €86,713 | €1,743 | -€84,970 | -98.0% |
| Recurring financial income | 75 | €0 | €1,743 | +€1,743 | |
| Non-recurring financial income | 76B | €86,713 | €0 | -€86,713 | -100.0% |
| Financial charges | 65/66B | €959 | €1,619 | +€660 | +68.9% |
| Recurring financial charges | 65 | €959 | €1,619 | +€660 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €8,216 | €2,944 | -€5,272 | -64.2% |
| Income taxes | 67/77 | €140 | €1,788 | +€1,649 | +1181.9% |
| Profit (loss) for the period | 9904 | €8,077 | €1,156 | -€6,921 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,077 | €1,156 | -€6,921 | -85.7% |
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 6 October 2026 via checked.be.