Bsit Technologies: 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.
Bsit Technologies
Largest movements
- Cash -€187,358
down €187,358 (-42.6%), from €439,708 to €252,350
mainly Investment in fixed assets (net) (-€353,159) and Debts after one year (-€200,000)
- Current investments +€100,000
new in 2024: €100,000
- Intangible fixed assets +€57,644
up €57,644 (+10.7%), from €540,264 to €597,908
- Deferred charges and accrued income +€21,491
up €21,491 (+30.4%), from €70,622 to €92,113
- Debts after one year -€200,000
no longer reported in 2024 (was €200,000)
- Profit (loss) carried forward +€163,125
up €163,125 (+3.3%), from -€5.0m to -€4.8m
- Trade debts +€48,497
up €48,497 (+73.2%), from €66,236 to €114,733
- Depreciation -€179,474
down €179,474 (-38.2%), from €469,886 to €290,412
- Gross operating margin +€53,695
up €53,695 (+6.2%), from €859,366 to €913,061
- Staff costs +€39,617
up €39,617 (+10.2%), from €387,557 to €427,174
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,322,256 | €1,318,818 | -€3,437 | -0.3% |
| Fixed assets | 21/28 | €551,213 | €613,960 | +€62,747 | +11.4% |
| Intangible fixed assets | 21 | €540,264 | €597,908 | +€57,644 | +10.7% |
| Tangible fixed assets | 22/27 | €2,266 | €6,924 | +€4,658 | +205.6% |
| Furniture and vehicles | 24 | €2,266 | €6,924 | +€4,658 | +205.6% |
| Financial fixed assets | 28 | €8,683 | €9,128 | +€445 | +5.1% |
| Current assets | 29/58 | €771,043 | €704,859 | -€66,185 | -8.6% |
| Amounts receivable within one year | 40/41 | €260,713 | €260,396 | -€317 | -0.1% |
| Trade receivables | 40 | €13,471 | €18,598 | +€5,127 | +38.1% |
| Other amounts receivable | 41 | €247,242 | €241,798 | -€5,444 | -2.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €439,708 | €252,350 | -€187,358 | -42.6% |
| Deferred charges and accrued income | 490/1 | €70,622 | €92,113 | +€21,491 | +30.4% |
| Total equity and liabilities | 10/49 | €1,322,256 | €1,318,818 | -€3,437 | -0.3% |
| Equity | 10/15 | €992,364 | €1,155,488 | +€163,125 | +16.4% |
| Contributions | 10/11 | €5,977,034 | €5,977,034 | = | 0.0% |
| Capital | 10 | €5,977,034 | €5,977,034 | = | 0.0% |
| Issued capital | 100 | €5,977,034 | €5,977,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,984,670 | -€4,821,545 | +€163,125 | +3.3% |
| Amounts payable | 17/49 | €329,892 | €163,330 | -€166,562 | -50.5% |
| Amounts payable after more than one year | 17 | €200,000 | - | -€200,000 | |
| Financial debts | 170/4 | €200,000 | - | -€200,000 | |
| Amounts payable within one year | 42/48 | €121,224 | €163,330 | +€42,106 | +34.7% |
| Trade debts | 44 | €66,236 | €114,733 | +€48,497 | +73.2% |
| Suppliers | 440/4 | €66,236 | €114,733 | +€48,497 | +73.2% |
| Taxes, remuneration and social security | 45 | €54,988 | €48,597 | -€6,391 | -11.6% |
| Taxes | 450/3 | €4,147 | €4,244 | +€97 | +2.3% |
| Remuneration and social security | 454/9 | €50,841 | €44,353 | -€6,488 | -12.8% |
| Accrued charges and deferred income | 492/3 | €8,668 | - | -€8,668 | |
| Remuneration, social security and pensions | 62 | €387,557 | €427,174 | +€39,617 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €469,886 | €290,412 | -€179,474 | -38.2% |
| Other operating charges | 640/8 | €3,341 | €1,251 | -€2,090 | -62.6% |
| Non-recurring operating charges | 66A | €25,000 | - | -€25,000 | |
| Gross operating margin | 9900 | €859,366 | €913,061 | +€53,695 | +6.2% |
| Operating profit (loss) | 9901 | -€26,418 | €194,224 | +€220,642 | |
| Financial income | 75/76B | €409 | €5,904 | +€5,495 | +1342.5% |
| Recurring financial income | 75 | €409 | €5,904 | +€5,495 | +1342.5% |
| Financial charges | 65/66B | €57,017 | €52,909 | -€4,108 | -7.2% |
| Recurring financial charges | 65 | €57,017 | €52,909 | -€4,108 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€83,026 | €147,218 | +€230,244 | |
| Income taxes | 67/77 | -€22,388 | -€15,907 | +€6,481 | +28.9% |
| Profit (loss) for the period | 9904 | -€60,638 | €163,125 | +€223,763 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,638 | €163,125 | +€223,763 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.