BITWERK: 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.
BITWERK
Largest movements
- Cash -€25,854
no longer reported in 2025 (was €25,854)
mainly Contributions, distributions and other (-€62,623) and Investment in fixed assets (net) (-€30,427)
- Receivables within one year -€5,987
down €5,987 (-23.8%), from €25,140 to €19,153
of which Other amounts receivable: -€3,892
- Tangible fixed assets +€3,826
up €3,826 (+1.2%), from €311,148 to €314,975
of which Plant, machinery and equipment: +€27,277
- Other debts +€49,682
up €49,682 (+435.9%), from €11,398 to €61,079
- Profit (loss) carried forward -€49,138
no longer reported in 2025 (was €49,138)
- Debts after one year -€28,637
down €28,637 (-10.7%), from €266,787 to €238,151
- Gross operating margin +€21,096
up €21,096 (+60.9%), from €34,634 to €55,730
- Depreciation +€6,120
up €6,120 (+29.9%), from €20,481 to €26,601
- Financial charges +€5,511
up €5,511 (+132.8%), from €4,151 to €9,662
- Taxes +€1,292
up €1,292 (+49.7%), from €2,599 to €3,892
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 | €367,225 | €339,478 | -€27,747 | -7.6% |
| Fixed assets | 21/28 | €311,148 | €314,975 | +€3,826 | +1.2% |
| Tangible fixed assets | 22/27 | €311,148 | €314,975 | +€3,826 | +1.2% |
| Land and buildings | 22 | €255,274 | €248,181 | -€7,093 | -2.8% |
| Plant, machinery and equipment | 23 | €6,217 | €33,495 | +€27,277 | +438.7% |
| Furniture and vehicles | 24 | €48,283 | €32,399 | -€15,883 | -32.9% |
| Other tangible fixed assets | 26 | €1,374 | €900 | -€474 | -34.5% |
| Current assets | 29/58 | €56,076 | €24,503 | -€31,573 | -56.3% |
| Stocks and contracts in progress | 3 | €1,598 | €1,515 | -€83 | -5.2% |
| Stocks | 30/36 | €1,598 | €1,515 | -€83 | -5.2% |
| Amounts receivable within one year | 40/41 | €25,140 | €19,153 | -€5,987 | -23.8% |
| Trade receivables | 40 | €21,140 | €19,045 | -€2,095 | -9.9% |
| Other amounts receivable | 41 | €4,000 | €108 | -€3,892 | -97.3% |
| Cash at bank and in hand | 54/58 | €25,854 | - | -€25,854 | |
| Deferred charges and accrued income | 490/1 | €3,485 | €3,835 | +€351 | +10.1% |
| Total equity and liabilities | 10/49 | €367,225 | €339,478 | -€27,747 | -7.6% |
| Equity | 10/15 | €52,138 | €3,000 | -€49,138 | -94.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,138 | - | -€49,138 | |
| Amounts payable | 17/49 | €315,086 | €336,478 | +€21,391 | +6.8% |
| Amounts payable after more than one year | 17 | €266,787 | €238,151 | -€28,637 | -10.7% |
| Financial debts | 170/4 | €266,787 | €238,151 | -€28,637 | -10.7% |
| Amounts payable within one year | 42/48 | €45,935 | €96,241 | +€50,306 | +109.5% |
| Current portion of amounts payable after more than one year | 42 | €22,064 | €22,500 | +€436 | +2.0% |
| Trade debts | 44 | €1,465 | €4,000 | +€2,535 | +173.0% |
| Suppliers | 440/4 | €1,465 | €4,000 | +€2,535 | +173.0% |
| Taxes, remuneration and social security | 45 | €11,008 | €8,662 | -€2,346 | -21.3% |
| Taxes | 450/3 | €11,008 | €8,662 | -€2,346 | -21.3% |
| Other amounts payable | 47/48 | €11,398 | €61,079 | +€49,682 | +435.9% |
| Accrued charges and deferred income | 492/3 | €2,365 | €2,086 | -€278 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,481 | €26,601 | +€6,120 | +29.9% |
| Other operating charges | 640/8 | €2,068 | €2,112 | +€44 | +2.1% |
| Gross operating margin | 9900 | €34,634 | €55,730 | +€21,096 | +60.9% |
| Operating profit (loss) | 9901 | €12,084 | €27,016 | +€14,932 | +123.6% |
| Financial income | 75/76B | €4 | €23 | +€18 | +437.9% |
| Recurring financial income | 75 | €4 | €23 | +€18 | +437.9% |
| Financial charges | 65/66B | €4,151 | €9,662 | +€5,511 | +132.8% |
| Recurring financial charges | 65 | €4,151 | €9,662 | +€5,511 | +132.8% |
| Profit (loss) for the period before taxes | 9903 | €7,937 | €17,377 | +€9,440 | +118.9% |
| Income taxes | 67/77 | €2,599 | €3,892 | +€1,292 | +49.7% |
| Profit (loss) for the period | 9904 | €5,338 | €13,485 | +€8,147 | +152.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,338 | €13,485 | +€8,147 | +152.6% |
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 4 October 2026 via checked.be.