BITPULSE: 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.
BITPULSE
Largest movements
- Receivables within one year -€49,925
down €49,925 (-29.6%), from €168,691 to €118,766
of which Trade receivables: -€42,989
- Tangible fixed assets -€24,408
down €24,408 (-11.8%), from €206,264 to €181,856
of which Furniture and vehicles: -€21,681
- Advances received -€58,000
no longer reported in 2025 (was €58,000)
- Debts after one year -€16,293
down €16,293 (-21.0%), from €77,480 to €61,187
- Trade debts -€15,357
down €15,357 (-83.9%), from €18,299 to €2,943
- Reserves +€11,361
up €11,361 (+6.7%), from €170,457 to €181,818
of which Distributable reserves: +€11,361
- Financial income -€33,555
down €33,555 (-79.7%), from €42,095 to €8,539
of which Non-recurring financial income: -€33,555
- Gross operating margin +€23,029
up €23,029 (+111.3%), from €20,700 to €43,729
- Depreciation +€18,548
up €18,548 (+167.3%), from €11,088 to €29,636
- Taxes -€9,400
down €9,400 (-61.0%), from €15,402 to €6,002
- Financial charges +€904
up €904 (+57.0%), from €1,584 to €2,487
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 | €426,219 | €353,463 | -€72,757 | -17.1% |
| Fixed assets | 21/28 | €206,264 | €181,856 | -€24,408 | -11.8% |
| Tangible fixed assets | 22/27 | €206,264 | €181,856 | -€24,408 | -11.8% |
| Land and buildings | 22 | €90,043 | €87,317 | -€2,727 | -3.0% |
| Furniture and vehicles | 24 | €111,797 | €90,115 | -€21,681 | -19.4% |
| Other tangible fixed assets | 26 | €4,424 | €4,424 | = | 0.0% |
| Current assets | 29/58 | €219,956 | €171,607 | -€48,348 | -22.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168,691 | €118,766 | -€49,925 | -29.6% |
| Trade receivables | 40 | €68,649 | €25,660 | -€42,989 | -62.6% |
| Other amounts receivable | 41 | €100,041 | €93,105 | -€6,936 | -6.9% |
| Current investments | 50/53 | €5,034 | €5,034 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,075 | €13,803 | +€2,727 | +24.6% |
| Deferred charges and accrued income | 490/1 | €5,156 | €4,005 | -€1,151 | -22.3% |
| Total equity and liabilities | 10/49 | €426,219 | €353,463 | -€72,757 | -17.1% |
| Equity | 10/15 | €233,620 | €244,981 | +€11,361 | +4.9% |
| Contributions | 10/11 | €6,787 | €6,787 | = | 0.0% |
| Reserves | 13 | €170,457 | €181,818 | +€11,361 | +6.7% |
| 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 | €168,597 | €179,958 | +€11,361 | +6.7% |
| Profit (loss) carried forward | 14 | €56,376 | €56,376 | = | 0.0% |
| Amounts payable | 17/49 | €192,599 | €108,482 | -€84,117 | -43.7% |
| Amounts payable after more than one year | 17 | €77,480 | €61,187 | -€16,293 | -21.0% |
| Financial debts | 170/4 | €77,480 | €61,187 | -€16,293 | -21.0% |
| Amounts payable within one year | 42/48 | €115,119 | €47,296 | -€67,824 | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €16,875 | €17,977 | +€1,103 | +6.5% |
| Trade debts | 44 | €18,299 | €2,943 | -€15,357 | -83.9% |
| Suppliers | 440/4 | €18,299 | €2,943 | -€15,357 | -83.9% |
| Advances received on contracts in progress | 46 | €58,000 | - | -€58,000 | |
| Taxes, remuneration and social security | 45 | €17,717 | €18,330 | +€613 | +3.5% |
| Taxes | 450/3 | €17,717 | €14,830 | -€2,887 | -16.3% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €4,228 | €8,045 | +€3,817 | +90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,088 | €29,636 | +€18,548 | +167.3% |
| Other operating charges | 640/8 | €1,957 | €2,782 | +€825 | +42.1% |
| Gross operating margin | 9900 | €20,700 | €43,729 | +€23,029 | +111.3% |
| Operating profit (loss) | 9901 | €7,654 | €11,311 | +€3,656 | +47.8% |
| Financial income | 75/76B | €42,095 | €8,539 | -€33,555 | -79.7% |
| Recurring financial income | 75 | €778 | €777 | -€1 | -0.1% |
| Non-recurring financial income | 76B | €41,317 | €7,762 | -€33,555 | -81.2% |
| Financial charges | 65/66B | €1,584 | €2,487 | +€904 | +57.0% |
| Recurring financial charges | 65 | €1,584 | €2,487 | +€904 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €48,165 | €17,363 | -€30,803 | -64.0% |
| Income taxes | 67/77 | €15,402 | €6,002 | -€9,400 | -61.0% |
| Profit (loss) for the period | 9904 | €32,763 | €11,361 | -€21,402 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,763 | €11,361 | -€21,402 | -65.3% |
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 12 October 2026 via checked.be.