BITAX: 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.
BITAX
Largest movements
- Current investments +€203,074
up €203,074 (+134%), from €150,993 to €354,067
- Cash -€76,721
down €76,721 (-36.5%), from €210,343 to €133,621
mainly Current investments (-€203,074) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets -€11,171
down €11,171 (-50.8%), from €22,001 to €10,829
- Reserves +€125,000
up €125,000 (+32.0%), from €391,000 to €516,000
- Contributions -€25,000
down €25,000 (-83.3%), from €30,000 to €5,000
- Other debts +€21,171
up €21,171 (+151%), from €13,994 to €35,165
- Gross operating margin +€30,430
up €30,430 (+22.9%), from €132,698 to €163,129
- Financial income +€23,457
up €23,457 (+361%), from €6,505 to €29,962
- Taxes +€12,733
up €12,733 (+30.3%), from €42,004 to €54,737
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 | €441,662 | €558,690 | +€117,028 | +26.5% |
| Fixed assets | 21/28 | €71,881 | €60,709 | -€11,171 | -15.5% |
| Tangible fixed assets | 22/27 | €22,001 | €10,829 | -€11,171 | -50.8% |
| Furniture and vehicles | 24 | €22,001 | €10,829 | -€11,171 | -50.8% |
| Financial fixed assets | 28 | €49,880 | €49,880 | = | 0.0% |
| Current assets | 29/58 | €369,781 | €497,980 | +€128,199 | +34.7% |
| Amounts receivable within one year | 40/41 | €7,342 | €9,025 | +€1,682 | +22.9% |
| Trade receivables | 40 | €6,353 | €7,025 | +€672 | +10.6% |
| Other amounts receivable | 41 | €990 | €2,000 | +€1,010 | +102% |
| Current investments | 50/53 | €150,993 | €354,067 | +€203,074 | +134% |
| Cash at bank and in hand | 54/58 | €210,343 | €133,621 | -€76,721 | -36.5% |
| Deferred charges and accrued income | 490/1 | €1,104 | €1,268 | +€164 | +14.9% |
| Total equity and liabilities | 10/49 | €441,662 | €558,690 | +€117,028 | +26.5% |
| Equity | 10/15 | €426,941 | €522,035 | +€95,094 | +22.3% |
| Contributions | 10/11 | €30,000 | €5,000 | -€25,000 | -83.3% |
| Reserves | 13 | €391,000 | €516,000 | +€125,000 | +32.0% |
| Distributable reserves | 133 | €391,000 | €516,000 | +€125,000 | +32.0% |
| Profit (loss) carried forward | 14 | €5,941 | €1,035 | -€4,906 | -82.6% |
| Amounts payable | 17/49 | €14,721 | €36,655 | +€21,934 | +149% |
| Amounts payable within one year | 42/48 | €14,721 | €36,655 | +€21,934 | +149% |
| Trade debts | 44 | €327 | €183 | -€144 | -44.0% |
| Suppliers | 440/4 | €327 | €183 | -€144 | -44.0% |
| Taxes, remuneration and social security | 45 | €400 | €1,307 | +€907 | +227% |
| Taxes | 450/3 | €400 | €1,307 | +€907 | +227% |
| Other amounts payable | 47/48 | €13,994 | €35,165 | +€21,171 | +151% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,756 | €11,171 | -€584 | -5.0% |
| Other operating charges | 640/8 | €1,280 | €1,612 | +€332 | +26.0% |
| Gross operating margin | 9900 | €132,698 | €163,129 | +€30,430 | +22.9% |
| Operating profit (loss) | 9901 | €119,663 | €150,345 | +€30,682 | +25.6% |
| Financial income | 75/76B | €6,505 | €29,962 | +€23,457 | +361% |
| Recurring financial income | 75 | €6,505 | €29,962 | +€23,457 | +361% |
| Financial charges | 65/66B | €107 | €476 | +€369 | +345% |
| Recurring financial charges | 65 | €107 | €476 | +€369 | +345% |
| Profit (loss) for the period before taxes | 9903 | €126,061 | €179,831 | +€53,770 | +42.7% |
| Income taxes | 67/77 | €42,004 | €54,737 | +€12,733 | +30.3% |
| Profit (loss) for the period | 9904 | €84,057 | €125,094 | +€41,037 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,057 | €125,094 | +€41,037 | +48.8% |
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 29 October 2026 via checked.be.