Bits N Pencils: 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.
Bits N Pencils
Largest movements
- Tangible fixed assets +€74,329
up €74,329, from €0 to €74,329
of which Furniture and vehicles: +€74,329
- Receivables within one year -€51,326
down €51,326 (-51.8%), from €99,033 to €47,707
of which Trade receivables: -€59,283
- Deferred charges and accrued income +€28,262
up €28,262 (+186%), from €15,209 to €43,470
- Cash -€6,273
down €6,273 (-46.5%), from €13,503 to €7,230
mainly Investment in fixed assets (net) (-€103,112) and Deferred charges and accrued income (-€28,262)
- Debts after one year +€51,615
new in 2025: €51,615
- Reserves -€26,767
down €26,767 (-66.5%), from €40,255 to €13,487
- Tax, wage and social debts -€23,952
down €23,952 (-100%), from €23,952 to €0
of which Taxes: -€23,952
- Other debts +€15,539
up €15,539 (+29.5%), from €52,618 to €68,157
- Trade debts +€15,436
up €15,436 (+273%), from €5,664 to €21,100
- Gross operating margin -€99,322
down €99,322 (-95.1%), from €104,426 to €5,104
- Depreciation +€28,782
up €28,782, from €0 to €28,782
- Taxes -€12,752
down €12,752 (-100%), from €12,752 to €0
- Financial charges +€2,134
up €2,134 (+383%), from €557 to €2,691
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 | €127,745 | €172,737 | +€44,992 | +35.2% |
| Fixed assets | 21/28 | €0 | €74,329 | +€74,329 | |
| Tangible fixed assets | 22/27 | €0 | €74,329 | +€74,329 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €74,329 | +€74,329 | |
| Current assets | 29/58 | €127,745 | €98,407 | -€29,337 | -23.0% |
| Amounts receivable within one year | 40/41 | €99,033 | €47,707 | -€51,326 | -51.8% |
| Trade receivables | 40 | €99,033 | €39,750 | -€59,283 | -59.9% |
| Other amounts receivable | 41 | €0 | €7,957 | +€7,957 | |
| Cash at bank and in hand | 54/58 | €13,503 | €7,230 | -€6,273 | -46.5% |
| Deferred charges and accrued income | 490/1 | €15,209 | €43,470 | +€28,262 | +186% |
| Total equity and liabilities | 10/49 | €127,745 | €172,737 | +€44,992 | +35.2% |
| Equity | 10/15 | €43,255 | €16,487 | -€26,767 | -61.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,255 | €13,487 | -€26,767 | -66.5% |
| Distributable reserves | 133 | €40,255 | €13,487 | -€26,767 | -66.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €84,490 | €156,250 | +€71,760 | +84.9% |
| Amounts payable after more than one year | 17 | - | €51,615 | +€51,615 | |
| Financial debts | 170/4 | - | €51,615 | +€51,615 | |
| Amounts payable within one year | 42/48 | €84,490 | €104,281 | +€19,791 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,731 | +€7,731 | |
| Financial debts | 43 | €2,255 | €7,292 | +€5,038 | +223% |
| Credit institutions | 430/8 | €2,255 | €0 | -€2,255 | -100% |
| Other loans | 439 | - | €7,292 | +€7,292 | |
| Trade debts | 44 | €5,664 | €21,100 | +€15,436 | +273% |
| Suppliers | 440/4 | €5,664 | €21,100 | +€15,436 | +273% |
| Taxes, remuneration and social security | 45 | €23,952 | €0 | -€23,952 | -100% |
| Taxes | 450/3 | €23,952 | €0 | -€23,952 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,618 | €68,157 | +€15,539 | +29.5% |
| Accrued charges and deferred income | 492/3 | - | €353 | +€353 | |
| Remuneration, social security and pensions | 62 | €488 | €0 | -€488 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €28,782 | +€28,782 | |
| Other operating charges | 640/8 | €573 | €400 | -€173 | -30.2% |
| Gross operating margin | 9900 | €104,426 | €5,104 | -€99,322 | -95.1% |
| Operating profit (loss) | 9901 | €103,365 | -€24,078 | -€127,443 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +11,600% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +11,600% |
| Financial charges | 65/66B | €557 | €2,691 | +€2,134 | +383% |
| Recurring financial charges | 65 | €557 | €2,691 | +€2,134 | +383% |
| Profit (loss) for the period before taxes | 9903 | €102,808 | -€26,767 | -€129,576 | |
| Income taxes | 67/77 | €12,752 | €0 | -€12,752 | -100% |
| Profit (loss) for the period | 9904 | €90,056 | -€26,767 | -€116,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,056 | -€26,767 | -€116,824 |
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 22 October 2026 via checked.be.