BITCON: 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.
BITCON
Largest movements
- Tangible fixed assets -€33,555
down €33,555 (-42.3%), from €79,235 to €45,680
of which Leasing and similar rights: -€16,889
- Current investments +€32,350
new in 2025: €32,350
- Cash -€17,541
down €17,541 (-33.4%), from €52,490 to €34,949
mainly Debts after one year (-€39,306) and Current investments (-€32,350)
- Receivables within one year +€2,300
up €2,300 (+5.3%), from €43,704 to €46,004
of which Trade receivables: +€3,113
- Debts after one year -€39,306
down €39,306 (-69.3%), from €56,700 to €17,394
- Reserves +€19,651
up €19,651 (+26.5%), from €74,043 to €93,694
of which Distributable reserves: +€19,651
- Tax, wage and social debts +€4,798
up €4,798 (+164.3%), from €2,921 to €7,719
of which Taxes: +€2,798
- Current portion of long-term debt -€4,249
down €4,249 (-34.8%), from €12,224 to €7,975
- Depreciation -€13,616
down €13,616 (-35.6%), from €38,274 to €24,658
- Financial income +€4,567
up €4,567 (+899.5%), from €508 to €5,075
- Taxes +€4,501
up €4,501 (+77.8%), from €5,789 to €10,290
- Financial charges +€1,178
up €1,178 (+35.3%), from €3,342 to €4,521
- Gross operating margin +€856
up €856 (+1.5%), from €57,306 to €58,163
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 | €176,170 | €158,983 | -€17,187 | -9.8% |
| Fixed assets | 21/28 | €79,235 | €45,680 | -€33,555 | -42.3% |
| Tangible fixed assets | 22/27 | €79,235 | €45,680 | -€33,555 | -42.3% |
| Plant, machinery and equipment | 23 | €23,145 | €15,246 | -€7,899 | -34.1% |
| Furniture and vehicles | 24 | €39,201 | €30,434 | -€8,767 | -22.4% |
| Leasing and similar rights | 25 | €16,889 | €0 | -€16,889 | -100.0% |
| Current assets | 29/58 | €96,935 | €113,303 | +€16,368 | +16.9% |
| Amounts receivable within one year | 40/41 | €43,704 | €46,004 | +€2,300 | +5.3% |
| Trade receivables | 40 | €38,478 | €41,591 | +€3,113 | +8.1% |
| Other amounts receivable | 41 | €5,226 | €4,413 | -€813 | -15.6% |
| Current investments | 50/53 | - | €32,350 | +€32,350 | |
| Cash at bank and in hand | 54/58 | €52,490 | €34,949 | -€17,541 | -33.4% |
| Deferred charges and accrued income | 490/1 | €741 | €0 | -€741 | -100.0% |
| Total equity and liabilities | 10/49 | €176,170 | €158,983 | -€17,187 | -9.8% |
| Equity | 10/15 | €84,367 | €104,018 | +€19,651 | +23.3% |
| Contributions | 10/11 | €10,324 | €10,324 | = | 0.0% |
| Reserves | 13 | €74,043 | €93,694 | +€19,651 | +26.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,183 | €91,834 | +€19,651 | +27.2% |
| Amounts payable | 17/49 | €91,802 | €54,965 | -€36,838 | -40.1% |
| Amounts payable after more than one year | 17 | €56,700 | €17,394 | -€39,306 | -69.3% |
| Financial debts | 170/4 | €56,700 | €17,394 | -€39,306 | -69.3% |
| Amounts payable within one year | 42/48 | €35,102 | €37,571 | +€2,469 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €12,224 | €7,975 | -€4,249 | -34.8% |
| Trade debts | 44 | €15,409 | €16,913 | +€1,504 | +9.8% |
| Suppliers | 440/4 | €15,409 | €16,913 | +€1,504 | +9.8% |
| Taxes, remuneration and social security | 45 | €2,921 | €7,719 | +€4,798 | +164.3% |
| Taxes | 450/3 | €2,921 | €5,719 | +€2,798 | +95.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €4,549 | €4,964 | +€415 | +9.1% |
| Non-recurring operating income | 76A | - | €7,111 | +€7,111 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,274 | €24,658 | -€13,616 | -35.6% |
| Other operating charges | 640/8 | €837 | €1,497 | +€659 | +78.8% |
| Non-recurring operating charges | 66A | - | €2,622 | +€2,622 | |
| Gross operating margin | 9900 | €57,306 | €58,163 | +€856 | +1.5% |
| Operating profit (loss) | 9901 | €18,195 | €29,386 | +€11,191 | +61.5% |
| Financial income | 75/76B | €508 | €5,075 | +€4,567 | +899.5% |
| Recurring financial income | 75 | €508 | €5,075 | +€4,567 | +899.5% |
| Financial charges | 65/66B | €3,342 | €4,521 | +€1,178 | +35.3% |
| Recurring financial charges | 65 | €3,342 | €4,521 | +€1,178 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €15,360 | €29,941 | +€14,580 | +94.9% |
| Income taxes | 67/77 | €5,789 | €10,290 | +€4,501 | +77.8% |
| Profit (loss) for the period | 9904 | €9,571 | €19,651 | +€10,079 | +105.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,571 | €19,651 | +€10,079 | +105.3% |
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.