BITTEM: 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.
BITTEM
Largest movements
- Receivables within one year +€18,511
up €18,511 (+84.7%), from €21,858 to €40,369
of which Trade receivables: +€18,221
- Cash -€1,295
down €1,295 (-3.7%), from €35,331 to €34,035
mainly Contributions, distributions and other (-€46,027) and Receivables within one year (-€18,511)
- Other debts +€22,926
up €22,926 (+99.2%), from €23,101 to €46,027
- Tax, wage and social debts -€4,485
down €4,485 (-37.1%), from €12,105 to €7,620
- Trade debts -€2,004
down €2,004 (-22.2%), from €9,013 to €7,009
- Gross operating margin +€8,574
up €8,574 (+15.8%), from €54,185 to €62,759
- Taxes +€1,167
up €1,167 (+10.9%), from €10,720 to €11,888
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 | €62,819 | €79,256 | +€16,437 | +26.2% |
| Fixed assets | 21/28 | €5,630 | €4,851 | -€780 | -13.8% |
| Tangible fixed assets | 22/27 | €5,480 | €4,701 | -€780 | -14.2% |
| Plant, machinery and equipment | 23 | €2,950 | €3,430 | +€479 | +16.2% |
| Furniture and vehicles | 24 | €2,530 | €1,271 | -€1,259 | -49.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €57,189 | €74,405 | +€17,216 | +30.1% |
| Amounts receivable within one year | 40/41 | €21,858 | €40,369 | +€18,511 | +84.7% |
| Trade receivables | 40 | €18,503 | €36,724 | +€18,221 | +98.5% |
| Other amounts receivable | 41 | €3,355 | €3,645 | +€290 | +8.6% |
| Cash at bank and in hand | 54/58 | €35,331 | €34,035 | -€1,295 | -3.7% |
| Total equity and liabilities | 10/49 | €62,819 | €79,256 | +€16,437 | +26.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €44,219 | €60,656 | +€16,437 | +37.2% |
| Amounts payable within one year | 42/48 | €44,219 | €60,656 | +€16,437 | +37.2% |
| Trade debts | 44 | €9,013 | €7,009 | -€2,004 | -22.2% |
| Suppliers | 440/4 | €9,013 | €7,009 | -€2,004 | -22.2% |
| Taxes, remuneration and social security | 45 | €12,105 | €7,620 | -€4,485 | -37.1% |
| Taxes | 450/3 | €12,105 | €7,620 | -€4,485 | -37.1% |
| Other amounts payable | 47/48 | €23,101 | €46,027 | +€22,926 | +99.2% |
| Non-recurring operating income | 76A | €16,562 | €5,680 | -€10,882 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,696 | €3,516 | -€180 | -4.9% |
| Other operating charges | 640/8 | €1,055 | €1,089 | +€35 | +3.3% |
| Gross operating margin | 9900 | €54,185 | €62,759 | +€8,574 | +15.8% |
| Operating profit (loss) | 9901 | €49,435 | €58,155 | +€8,720 | +17.6% |
| Financial charges | 65/66B | €146 | €240 | +€94 | +64.5% |
| Recurring financial charges | 65 | €146 | €240 | +€94 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €49,289 | €57,915 | +€8,626 | +17.5% |
| Income taxes | 67/77 | €10,720 | €11,888 | +€1,167 | +10.9% |
| Profit (loss) for the period | 9904 | €38,569 | €46,027 | +€7,459 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,569 | €46,027 | +€7,459 | +19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.