BITWIN US: 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.
BITWIN US
Largest movements
- Tangible fixed assets +€493,033
up €493,033 (+117%), from €421,385 to €914,419
of which Land and buildings: +€465,467
- Receivables within one year -€35,303
down €35,303 (-96.1%), from €36,732 to €1,428
of which Trade receivables: -€26,034
- Cash +€28,903
up €28,903 (+91.1%), from €31,729 to €60,633
mainly Debts after one year (+€416,335) and Depreciation (+€39,693)
- Debts after one year +€416,335
up €416,335 (+133%), from €312,088 to €728,422
- Profit (loss) carried forward +€34,785
up €34,785 (+30.2%), from €115,244 to €150,029
- Other debts +€31,873
up €31,873 (+115%), from €27,765 to €59,638
- Current portion of long-term debt +€20,297
up €20,297 (+53.4%), from €38,009 to €58,305
- Tax, wage and social debts -€11,196
down €11,196 (-27.0%), from €41,465 to €30,269
of which Taxes: -€20,517
- Depreciation -€9,058
down €9,058 (-18.6%), from €48,752 to €39,693
- Financial charges +€9,042
up €9,042 (+109%), from €8,317 to €17,359
- Gross operating margin -€3,423
down €3,423 (-3.1%), from €111,686 to €108,263
- Taxes -€2,231
down €2,231 (-20.4%), from €10,934 to €8,704
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 | €597,610 | €1,090,554 | +€492,944 | +82.5% |
| Fixed assets | 21/28 | €526,385 | €1,019,419 | +€493,033 | +93.7% |
| Tangible fixed assets | 22/27 | €421,385 | €914,419 | +€493,033 | +117% |
| Land and buildings | 22 | €401,380 | €866,847 | +€465,467 | +116% |
| Furniture and vehicles | 24 | €9,732 | €2,308 | -€7,424 | -76.3% |
| Other tangible fixed assets | 26 | €10,273 | €45,264 | +€34,990 | +341% |
| Financial fixed assets | 28 | €105,000 | €105,000 | = | 0.0% |
| Current assets | 29/58 | €71,225 | €71,135 | -€90 | -0.1% |
| Stocks and contracts in progress | 3 | €989 | €9,031 | +€8,043 | +813% |
| Stocks | 30/36 | €989 | €9,031 | +€8,043 | +813% |
| Amounts receivable within one year | 40/41 | €36,732 | €1,428 | -€35,303 | -96.1% |
| Trade receivables | 40 | €26,034 | - | -€26,034 | |
| Other amounts receivable | 41 | €10,698 | €1,428 | -€9,269 | -86.6% |
| Cash at bank and in hand | 54/58 | €31,729 | €60,633 | +€28,903 | +91.1% |
| Deferred charges and accrued income | 490/1 | €1,775 | €43 | -€1,732 | -97.6% |
| Total equity and liabilities | 10/49 | €597,610 | €1,090,554 | +€492,944 | +82.5% |
| Equity | 10/15 | €135,704 | €170,489 | +€34,785 | +25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,244 | €150,029 | +€34,785 | +30.2% |
| Amounts payable | 17/49 | €461,906 | €920,065 | +€458,158 | +99.2% |
| Amounts payable after more than one year | 17 | €312,088 | €728,422 | +€416,335 | +133% |
| Financial debts | 170/4 | €312,088 | €728,422 | +€416,335 | +133% |
| Amounts payable within one year | 42/48 | €149,819 | €191,642 | +€41,824 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €38,009 | €58,305 | +€20,297 | +53.4% |
| Trade debts | 44 | €42,580 | €43,430 | +€850 | +2.0% |
| Suppliers | 440/4 | €42,580 | €43,430 | +€850 | +2.0% |
| Taxes, remuneration and social security | 45 | €41,465 | €30,269 | -€11,196 | -27.0% |
| Taxes | 450/3 | €41,465 | €20,948 | -€20,517 | -49.5% |
| Remuneration and social security | 454/9 | - | €9,321 | +€9,321 | |
| Other amounts payable | 47/48 | €27,765 | €59,638 | +€31,873 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,752 | €39,693 | -€9,058 | -18.6% |
| Other operating charges | 640/8 | €8,277 | €7,723 | -€554 | -6.7% |
| Gross operating margin | 9900 | €111,686 | €108,263 | -€3,423 | -3.1% |
| Operating profit (loss) | 9901 | €54,657 | €60,847 | +€6,189 | +11.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,370% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,370% |
| Financial charges | 65/66B | €8,317 | €17,359 | +€9,042 | +109% |
| Recurring financial charges | 65 | €8,317 | €17,359 | +€9,042 | +109% |
| Profit (loss) for the period before taxes | 9903 | €46,341 | €43,489 | -€2,852 | -6.2% |
| Income taxes | 67/77 | €10,934 | €8,704 | -€2,231 | -20.4% |
| Profit (loss) for the period | 9904 | €35,406 | €34,785 | -€621 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,406 | €34,785 | -€621 | -1.8% |
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 25 October 2026 via checked.be.