BITWORKS: 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.
BITWORKS
Largest movements
- Cash -€262,386
down €262,386 (-72.5%), from €361,833 to €99,447
mainly Current investments (-€110,330) and Contributions, distributions and other (-€73,457)
- Current investments +€110,330
up €110,330, from €0 to €110,330
- Receivables within one year +€59,477
up €59,477 (+196.5%), from €30,269 to €89,746
of which Trade receivables: +€47,029
- Other debts -€51,121
down €51,121 (-29.9%), from €171,128 to €120,007
- Reserves -€31,114
down €31,114 (-13.6%), from €228,851 to €197,737
of which Distributable reserves: -€31,114
- Tax, wage and social debts -€7,596
down €7,596 (-33.5%), from €22,650 to €15,054
- Financial income -€49,325
down €49,325 (-89.5%), from €55,103 to €5,778
- Gross operating margin +€36,056
up €36,056 (+34.9%), from €103,292 to €139,348
- Taxes -€4,454
down €4,454 (-20.6%), from €21,570 to €17,116
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 | €396,095 | €304,443 | -€91,652 | -23.1% |
| Fixed assets | 21/28 | €1,569 | €2,401 | +€832 | +53.0% |
| Tangible fixed assets | 22/27 | €1,569 | €2,401 | +€832 | +53.0% |
| Plant, machinery and equipment | 23 | €1,569 | €2,401 | +€832 | +53.0% |
| Current assets | 29/58 | €394,526 | €302,042 | -€92,484 | -23.4% |
| Amounts receivable within one year | 40/41 | €30,269 | €89,746 | +€59,477 | +196.5% |
| Trade receivables | 40 | €29,101 | €76,129 | +€47,029 | +161.6% |
| Other amounts receivable | 41 | €1,169 | €13,617 | +€12,448 | +1065.0% |
| Current investments | 50/53 | €0 | €110,330 | +€110,330 | |
| Cash at bank and in hand | 54/58 | €361,833 | €99,447 | -€262,386 | -72.5% |
| Deferred charges and accrued income | 490/1 | €2,423 | €2,518 | +€95 | +3.9% |
| Total equity and liabilities | 10/49 | €396,095 | €304,443 | -€91,652 | -23.1% |
| Equity | 10/15 | €200,325 | €169,211 | -€31,114 | -15.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €228,851 | €197,737 | -€31,114 | -13.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €228,851 | €197,737 | -€31,114 | -13.6% |
| Profit (loss) carried forward | 14 | -€28,526 | -€28,526 | = | 0.0% |
| Amounts payable | 17/49 | €195,770 | €135,232 | -€60,538 | -30.9% |
| Amounts payable within one year | 42/48 | €195,770 | €135,232 | -€60,538 | -30.9% |
| Trade debts | 44 | €1,992 | €171 | -€1,821 | -91.4% |
| Suppliers | 440/4 | €1,992 | €171 | -€1,821 | -91.4% |
| Taxes, remuneration and social security | 45 | €22,650 | €15,054 | -€7,596 | -33.5% |
| Taxes | 450/3 | €22,650 | €15,054 | -€7,596 | -33.5% |
| Other amounts payable | 47/48 | €171,128 | €120,007 | -€51,121 | -29.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €600 | +€393 | +190.2% |
| Other operating charges | 640/8 | €1,001 | €898 | -€104 | -10.3% |
| Gross operating margin | 9900 | €103,292 | €139,348 | +€36,056 | +34.9% |
| Operating profit (loss) | 9901 | €102,084 | €137,850 | +€35,766 | +35.0% |
| Financial income | 75/76B | €55,103 | €5,778 | -€49,325 | -89.5% |
| Recurring financial income | 75 | €55,103 | €5,778 | -€49,325 | -89.5% |
| Financial charges | 65/66B | €83,822 | €84,169 | +€347 | +0.4% |
| Recurring financial charges | 65 | €83,822 | €84,169 | +€347 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €73,366 | €59,459 | -€13,907 | -19.0% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €21,570 | €17,116 | -€4,454 | -20.6% |
| Profit (loss) for the period | 9904 | €51,796 | €42,343 | -€9,453 | -18.3% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €51,796 | €42,343 | -€9,453 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.