BITSCO: 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.
BITSCO
Largest movements
- Tangible fixed assets +€71,127
up €71,127 (+2164.8%), from €3,286 to €74,413
of which Other tangible fixed assets: +€69,652
- Cash -€31,636
down €31,636 (-25.1%), from €126,085 to €94,448
mainly Investment in fixed assets (net) (-€76,575) and Trade debts (-€26,895)
- Receivables within one year -€27,779
down €27,779 (-34.4%), from €80,817 to €53,038
of which Trade receivables: -€38,089
- Debts after one year +€52,526
new in 2024: €52,526
- Trade debts -€26,895
down €26,895 (-71.1%), from €37,807 to €10,912
- Profit (loss) carried forward -€19,265
down €19,265, from €0 to -€19,265
- Current portion of long-term debt +€5,037
new in 2024: €5,037
- Gross operating margin -€102,389
down €102,389, from €92,678 to -€9,711
- Taxes -€24,363
down €24,363 (-98.8%), from €24,658 to €295
- Depreciation +€3,067
up €3,067 (+128.8%), from €2,382 to €5,448
- Financial charges +€1,696
up €1,696 (+83.7%), from €2,027 to €3,723
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,238 | €224,949 | +€11,712 | +5.5% |
| Fixed assets | 21/28 | €6,336 | €77,463 | +€71,127 | +1122.7% |
| Tangible fixed assets | 22/27 | €3,286 | €74,413 | +€71,127 | +2164.8% |
| Furniture and vehicles | 24 | €3,286 | €4,760 | +€1,475 | +44.9% |
| Other tangible fixed assets | 26 | - | €69,652 | +€69,652 | |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €206,902 | €147,486 | -€59,416 | -28.7% |
| Amounts receivable within one year | 40/41 | €80,817 | €53,038 | -€27,779 | -34.4% |
| Trade receivables | 40 | €64,482 | €26,393 | -€38,089 | -59.1% |
| Other amounts receivable | 41 | €16,335 | €26,645 | +€10,310 | +63.1% |
| Cash at bank and in hand | 54/58 | €126,085 | €94,448 | -€31,636 | -25.1% |
| Total equity and liabilities | 10/49 | €213,238 | €224,949 | +€11,712 | +5.5% |
| Equity | 10/15 | €141,477 | €122,212 | -€19,265 | -13.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €139,977 | €139,977 | = | 0.0% |
| Distributable reserves | 133 | €139,977 | €139,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€19,265 | -€19,265 | |
| Amounts payable | 17/49 | €71,761 | €102,737 | +€30,976 | +43.2% |
| Amounts payable after more than one year | 17 | - | €52,526 | +€52,526 | |
| Financial debts | 170/4 | - | €52,526 | +€52,526 | |
| Amounts payable within one year | 42/48 | €71,761 | €50,212 | -€21,549 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,037 | +€5,037 | |
| Trade debts | 44 | €37,807 | €10,912 | -€26,895 | -71.1% |
| Suppliers | 440/4 | €37,807 | €10,912 | -€26,895 | -71.1% |
| Taxes, remuneration and social security | 45 | €33,954 | €34,262 | +€308 | +0.9% |
| Taxes | 450/3 | €33,954 | €33,316 | -€638 | -1.9% |
| Remuneration and social security | 454/9 | - | €946 | +€946 | |
| Non-recurring operating income | 76A | - | €24,628 | +€24,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,382 | €5,448 | +€3,067 | +128.8% |
| Other operating charges | 640/8 | €642 | €653 | +€11 | +1.7% |
| Gross operating margin | 9900 | €92,678 | -€9,711 | -€102,389 | |
| Operating profit (loss) | 9901 | €89,654 | -€15,813 | -€105,466 | |
| Financial income | 75/76B | €133 | €566 | +€433 | +325.5% |
| Recurring financial income | 75 | €133 | €566 | +€433 | +325.5% |
| Financial charges | 65/66B | €2,027 | €3,723 | +€1,696 | +83.7% |
| Recurring financial charges | 65 | €2,027 | €3,723 | +€1,696 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €87,760 | -€18,970 | -€106,729 | |
| Income taxes | 67/77 | €24,658 | €295 | -€24,363 | -98.8% |
| Profit (loss) for the period | 9904 | €63,101 | -€19,265 | -€82,366 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,101 | -€19,265 | -€82,366 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.