BITLINK: 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.
BITLINK
Largest movements
- Tangible fixed assets -€28,371
down €28,371 (-13.7%), from €207,320 to €178,948
of which Plant, machinery and equipment: -€20,636
- Cash +€25,921
up €25,921 (+208%), from €12,445 to €38,365
mainly Depreciation (+€101,565) and Net result for the year (+€20,355)
- Receivables within one year -€11,410
down €11,410 (-30.2%), from €37,724 to €26,313
of which Other amounts receivable: -€15,102
- Stocks and contracts +€6,732
up €6,732 (+42.2%), from €15,963 to €22,695
- Other debts -€45,077
down €45,077 (-73.1%), from €61,663 to €16,585
- Reserves +€20,355
up €20,355 (+30.7%), from €66,206 to €86,561
- Current portion of long-term debt +€8,441
up €8,441 (+16.4%), from €51,513 to €59,954
- Trade debts +€5,658
up €5,658 (+57.3%), from €9,876 to €15,534
- Gross operating margin +€12,535
up €12,535 (+7.2%), from €174,435 to €186,970
- Depreciation +€8,260
up €8,260 (+8.9%), from €93,305 to €101,565
- Staff costs +€1,879
up €1,879 (+4.2%), from €44,695 to €46,574
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 | €278,238 | €269,747 | -€8,491 | -3.1% |
| Fixed assets | 21/28 | €208,626 | €179,954 | -€28,671 | -13.7% |
| Intangible fixed assets | 21 | €1,306 | €1,006 | -€300 | -23.0% |
| Tangible fixed assets | 22/27 | €207,320 | €178,948 | -€28,371 | -13.7% |
| Plant, machinery and equipment | 23 | €161,286 | €140,651 | -€20,636 | -12.8% |
| Furniture and vehicles | 24 | €46,033 | €38,297 | -€7,736 | -16.8% |
| Current assets | 29/58 | €69,612 | €89,793 | +€20,181 | +29.0% |
| Stocks and contracts in progress | 3 | €15,963 | €22,695 | +€6,732 | +42.2% |
| Stocks | 30/36 | €15,963 | €22,695 | +€6,732 | +42.2% |
| Amounts receivable within one year | 40/41 | €37,724 | €26,313 | -€11,410 | -30.2% |
| Trade receivables | 40 | €18,107 | €21,799 | +€3,691 | +20.4% |
| Other amounts receivable | 41 | €19,616 | €4,515 | -€15,102 | -77.0% |
| Cash at bank and in hand | 54/58 | €12,445 | €38,365 | +€25,921 | +208% |
| Deferred charges and accrued income | 490/1 | €3,481 | €2,419 | -€1,062 | -30.5% |
| Total equity and liabilities | 10/49 | €278,238 | €269,747 | -€8,491 | -3.1% |
| Equity | 10/15 | €68,206 | €88,561 | +€20,355 | +29.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €66,206 | €86,561 | +€20,355 | +30.7% |
| Distributable reserves | 133 | €66,206 | €86,561 | +€20,355 | +30.7% |
| Amounts payable | 17/49 | €210,031 | €181,186 | -€28,845 | -13.7% |
| Amounts payable after more than one year | 17 | €63,515 | €63,251 | -€264 | -0.4% |
| Financial debts | 170/4 | €63,515 | €63,251 | -€264 | -0.4% |
| Amounts payable within one year | 42/48 | €146,516 | €117,935 | -€28,582 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €51,513 | €59,954 | +€8,441 | +16.4% |
| Financial debts | 43 | - | €1,267 | +€1,267 | |
| Credit institutions | 430/8 | - | €1,267 | +€1,267 | |
| Trade debts | 44 | €9,876 | €15,534 | +€5,658 | +57.3% |
| Suppliers | 440/4 | €9,876 | €15,534 | +€5,658 | +57.3% |
| Taxes, remuneration and social security | 45 | €23,465 | €24,595 | +€1,131 | +4.8% |
| Taxes | 450/3 | €13,809 | €18,978 | +€5,169 | +37.4% |
| Remuneration and social security | 454/9 | €9,656 | €5,617 | -€4,039 | -41.8% |
| Other amounts payable | 47/48 | €61,663 | €16,585 | -€45,077 | -73.1% |
| Remuneration, social security and pensions | 62 | €44,695 | €46,574 | +€1,879 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,305 | €101,565 | +€8,260 | +8.9% |
| Other operating charges | 640/8 | €829 | €1,091 | +€262 | +31.6% |
| Gross operating margin | 9900 | €174,435 | €186,970 | +€12,535 | +7.2% |
| Operating profit (loss) | 9901 | €35,606 | €37,740 | +€2,134 | +6.0% |
| Financial income | 75/76B | €93 | €1,435 | +€1,341 | +1,440% |
| Recurring financial income | 75 | €93 | €1,435 | +€1,341 | +1,440% |
| Financial charges | 65/66B | €8,317 | €7,475 | -€841 | -10.1% |
| Recurring financial charges | 65 | €8,317 | €7,475 | -€841 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €27,383 | €31,700 | +€4,317 | +15.8% |
| Income taxes | 67/77 | €12,991 | €11,345 | -€1,646 | -12.7% |
| Profit (loss) for the period | 9904 | €14,391 | €20,355 | +€5,963 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,391 | €20,355 | +€5,963 | +41.4% |
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 14 October 2026 via checked.be.