Bithopa: 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.
Bithopa
Largest movements
- Cash +€603,232
up €603,232 (+119.4%), from €505,271 to €1.1m
mainly Net result for the year (+€326,777) and Investment in fixed assets (net) (+€326,527)
- Tangible fixed assets -€354,326
down €354,326 (-28.2%), from €1.3m to €900,233
of which Land and buildings: -€461,216
- Reserves +€326,777
up €326,777 (+30.6%), from €1.1m to €1.4m
of which Tax-exempt reserves: +€179,329
- Provisions +€59,776
new in 2025: €59,776
- Debts after one year -€54,074
down €54,074 (-11.3%), from €476,680 to €422,606
- Other debts -€48,261
down €48,261 (-7.3%), from €661,790 to €613,529
- Gross operating margin +€375,141
up €375,141 (+125.1%), from €299,786 to €674,927
- Staff costs +€127,489
up €127,489 (+203.9%), from €62,538 to €190,027
- Financial income +€38,733
up €38,733 (+299.8%), from €12,919 to €51,653
- Taxes +€23,240
up €23,240 (+53.6%), from €43,363 to €66,603
- Depreciation -€10,569
down €10,569 (-27.5%), from €38,368 to €27,800
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 | €2,316,914 | €2,574,882 | +€257,968 | +11.1% |
| Fixed assets | 21/28 | €1,254,609 | €900,282 | -€354,326 | -28.2% |
| Tangible fixed assets | 22/27 | €1,254,559 | €900,233 | -€354,326 | -28.2% |
| Land and buildings | 22 | €1,237,807 | €776,591 | -€461,216 | -37.3% |
| Plant, machinery and equipment | 23 | €5,283 | €5,428 | +€145 | +2.7% |
| Furniture and vehicles | 24 | €11,469 | €118,213 | +€106,744 | +930.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,062,305 | €1,674,600 | +€612,295 | +57.6% |
| Amounts receivable within one year | 40/41 | €8,932 | €26,993 | +€18,061 | +202.2% |
| Trade receivables | 40 | €8,932 | €0 | -€8,932 | -100.0% |
| Other amounts receivable | 41 | - | €26,993 | +€26,993 | |
| Current investments | 50/53 | €539,793 | €538,303 | -€1,490 | -0.3% |
| Cash at bank and in hand | 54/58 | €505,271 | €1,108,503 | +€603,232 | +119.4% |
| Deferred charges and accrued income | 490/1 | €8,310 | €801 | -€7,509 | -90.4% |
| Total equity and liabilities | 10/49 | €2,316,914 | €2,574,882 | +€257,968 | +11.1% |
| Equity | 10/15 | €1,085,782 | €1,412,559 | +€326,777 | +30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,067,182 | €1,393,959 | +€326,777 | +30.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €179,329 | +€179,329 | |
| Distributable reserves | 133 | €1,067,182 | €1,214,630 | +€147,448 | +13.8% |
| Provisions and deferred taxes | 16 | - | €59,776 | +€59,776 | |
| Deferred taxes | 168 | - | €59,776 | +€59,776 | |
| Amounts payable | 17/49 | €1,231,132 | €1,102,547 | -€128,585 | -10.4% |
| Amounts payable after more than one year | 17 | €476,680 | €422,606 | -€54,074 | -11.3% |
| Financial debts | 170/4 | €476,680 | €422,606 | -€54,074 | -11.3% |
| Amounts payable within one year | 42/48 | €748,868 | €679,637 | -€69,232 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €53,258 | €54,074 | +€816 | +1.5% |
| Trade debts | 44 | €3,937 | €631 | -€3,305 | -84.0% |
| Suppliers | 440/4 | €3,937 | €631 | -€3,305 | -84.0% |
| Taxes, remuneration and social security | 45 | €29,884 | €11,403 | -€18,481 | -61.8% |
| Taxes | 450/3 | €18,901 | €8,878 | -€10,023 | -53.0% |
| Remuneration and social security | 454/9 | €10,983 | €2,525 | -€8,458 | -77.0% |
| Other amounts payable | 47/48 | €661,790 | €613,529 | -€48,261 | -7.3% |
| Accrued charges and deferred income | 492/3 | €5,584 | €304 | -€5,280 | -94.6% |
| Remuneration, social security and pensions | 62 | €62,538 | €190,027 | +€127,489 | +203.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,368 | €27,800 | -€10,569 | -27.5% |
| Other operating charges | 640/8 | €8,479 | €7,546 | -€933 | -11.0% |
| Non-recurring operating charges | 66A | - | €1,836 | +€1,836 | |
| Gross operating margin | 9900 | €299,786 | €674,927 | +€375,141 | +125.1% |
| Operating profit (loss) | 9901 | €190,400 | €447,719 | +€257,319 | +135.1% |
| Financial income | 75/76B | €12,919 | €51,653 | +€38,733 | +299.8% |
| Recurring financial income | 75 | €12,919 | €51,653 | +€38,733 | +299.8% |
| Financial charges | 65/66B | €55,203 | €46,214 | -€8,988 | -16.3% |
| Recurring financial charges | 65 | €55,203 | €46,214 | -€8,988 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €148,116 | €453,157 | +€305,041 | +205.9% |
| Transfer to deferred taxes | 680 | - | €59,776 | +€59,776 | |
| Income taxes | 67/77 | €43,363 | €66,603 | +€23,240 | +53.6% |
| Profit (loss) for the period | 9904 | €104,753 | €326,777 | +€222,025 | +212.0% |
| Transfer to tax-exempt reserves | 689 | - | €179,329 | +€179,329 | |
| Profit (loss) for the period to be appropriated | 9905 | €104,753 | €147,448 | +€42,696 | +40.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.