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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.

What changed

BITSCO

BE 0761.506.616
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€19,265
2023 · €63,101-€82,366
Equity
€122,212
2023 · €141,477-€19,265
Cash
€94,448
2023 · €126,085-€31,636
Balance sheet total
€224,949
2023 · €213,238+€11,712

Largest movements

2023 to 2024
Assets
  • 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

Equity and liabilities
  • 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

Income statement
  • 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

effect on the 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.

Result 2023 €63,101
Gross operating margin -€102,389
Depreciation -€3,067
Other operating charges -€11
Financial income +€433
Financial charges -€1,696
Taxes +€24,363
Result 2024 -€19,265

Cash bridge derived

cash 2023 to 2024

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.

From operations -€12,624
Investment -€76,575
Financing +€57,563
Cash 2023 €126,085
Net result for the year -€19,265
Depreciation +€5,448
Receivables within one year +€27,779
Trade debts -€26,895
Tax, wage and social debts +€308
Investment in fixed assets (net) -€76,575
Debts after one year +€52,526
Current portion of long-term debt +€5,037
Cash 2024 €94,448
Every line side by side 40 lines
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.