BITwist: 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.
BITwist
Largest movements
- Cash -€21,575
down €21,575 (-29.4%), from €73,333 to €51,758
mainly Contributions, distributions and other (-€48,898) and Tax, wage and social debts (-€6,723)
- Deferred charges and accrued income -€8,683
down €8,683 (-76.9%), from €11,292 to €2,609
- Tangible fixed assets +€1,618
up €1,618 (+25.1%), from €6,453 to €8,071
of which Furniture and vehicles: +€2,627
- Reserves -€22,964
down €22,964 (-28.1%), from €81,713 to €58,749
of which Distributable reserves: -€22,964
- Tax, wage and social debts -€6,723
down €6,723 (-61.5%), from €10,938 to €4,215
of which Remuneration and social security: -€8,515
- Gross operating margin -€28,503
down €28,503 (-43.6%), from €65,397 to €36,894
- Taxes -€6,177
down €6,177 (-46.2%), from €13,376 to €7,199
- Depreciation +€704
up €704 (+32.1%), from €2,194 to €2,897
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 | €112,181 | €82,994 | -€29,187 | -26.0% |
| Fixed assets | 21/28 | €6,453 | €8,071 | +€1,618 | +25.1% |
| Tangible fixed assets | 22/27 | €6,453 | €8,071 | +€1,618 | +25.1% |
| Furniture and vehicles | 24 | €2,557 | €5,184 | +€2,627 | +102.7% |
| Other tangible fixed assets | 26 | €3,896 | €2,887 | -€1,009 | -25.9% |
| Current assets | 29/58 | €105,728 | €74,923 | -€30,805 | -29.1% |
| Amounts receivable within one year | 40/41 | €21,102 | €20,556 | -€547 | -2.6% |
| Trade receivables | 40 | €16,925 | €20,516 | +€3,590 | +21.2% |
| Other amounts receivable | 41 | €4,177 | €40 | -€4,137 | -99.0% |
| Cash at bank and in hand | 54/58 | €73,333 | €51,758 | -€21,575 | -29.4% |
| Deferred charges and accrued income | 490/1 | €11,292 | €2,609 | -€8,683 | -76.9% |
| Total equity and liabilities | 10/49 | €112,181 | €82,994 | -€29,187 | -26.0% |
| Equity | 10/15 | €100,313 | €77,349 | -€22,964 | -22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,713 | €58,749 | -€22,964 | -28.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,853 | €56,889 | -€22,964 | -28.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,868 | €5,645 | -€6,223 | -52.4% |
| Amounts payable within one year | 42/48 | €11,851 | €5,628 | -€6,222 | -52.5% |
| Trade debts | 44 | €570 | €1,413 | +€843 | +147.9% |
| Suppliers | 440/4 | €570 | €1,413 | +€843 | +147.9% |
| Taxes, remuneration and social security | 45 | €10,938 | €4,215 | -€6,723 | -61.5% |
| Taxes | 450/3 | €2,424 | €4,215 | +€1,792 | +73.9% |
| Remuneration and social security | 454/9 | €8,515 | €0 | -€8,515 | -100.0% |
| Other amounts payable | 47/48 | €343 | €0 | -€343 | -100.0% |
| Accrued charges and deferred income | 492/3 | €18 | €17 | -€1 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,194 | €2,897 | +€704 | +32.1% |
| Other operating charges | 640/8 | €1,147 | €1,093 | -€54 | -4.7% |
| Gross operating margin | 9900 | €65,397 | €36,894 | -€28,503 | -43.6% |
| Operating profit (loss) | 9901 | €62,056 | €32,903 | -€29,153 | -47.0% |
| Financial income | 75/76B | €353 | €350 | -€4 | -1.0% |
| Recurring financial income | 75 | €353 | €350 | -€4 | -1.0% |
| Financial charges | 65/66B | €135 | €119 | -€16 | -11.7% |
| Recurring financial charges | 65 | €135 | €119 | -€16 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €62,274 | €33,134 | -€29,140 | -46.8% |
| Income taxes | 67/77 | €13,376 | €7,199 | -€6,177 | -46.2% |
| Profit (loss) for the period | 9904 | €48,898 | €25,934 | -€22,964 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,898 | €25,934 | -€22,964 | -47.0% |
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 12 October 2026 via checked.be.