Bittnet Systems SA (BVB:BNET)

Bittnet Systems Balance Sheet

Financials in millions RON. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	35.96	116.39	73.36	70.01	42.3	23.4
Short-Term Investments	2.65	3.46	5.71	-	13.79	17.92
Trading Asset Securities	-	-	-	11.36	-	-
Cash & Short-Term Investments	38.61	119.85	79.07	81.37	56.09	41.32
Cash Growth	46.48%	51.58%	-2.83%	45.07%	35.74%	56.93%
Accounts Receivable	40.24	121.09	105.92	58.73	60.7	32.03
Other Receivables	22.13	12.89	11.12	13.97	-	-
Receivables	62.37	133.98	122.66	72.7	60.7	32.03
Inventory	5.81	3.65	4.81	11.09	2.78	1.18
Other Current Assets	15.69	16.68	16.73	-0	-	-
Total Current Assets	122.48	274.15	223.26	165.16	119.57	74.54
Property, Plant & Equipment	23.79	25.29	29.47	32.7	27.81	2.35
Long-Term Investments	6.34	6.23	1.27	2.8	2.92	2
Goodwill	64.53	64.53	67.95	79.08	57.53	40.77
Other Intangible Assets	8.56	8.77	8.66	9.65	9.08	9.22
Long-Term Deferred Tax Assets	6.39	5.59	4.17	3.8	1.27	0.2
Other Long-Term Assets	0.24	0.32	0.38	0.7	2.43	2.04
Total Assets	232.34	384.87	335.16	293.88	220.6	131.11

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	61.38	206.28	136.78	95.46	58.6	41.34
Accrued Expenses	-	6.5	9.36	-	4.77	-
Current Portion of Long-Term Debt	21.7	22.74	16.14	8.59	39.19	4.75
Current Portion of Leases	6.7	6.8	6.42	6.42	4.69	0.54
Current Income Taxes Payable	0.48	0.42	0.79	0.62	0.28	0.29
Current Unearned Revenue	14.97	17.31	19.04	7.88	0.7	-
Other Current Liabilities	17.04	8.96	8.7	26.12	14.79	0.01
Total Current Liabilities	122.27	269.01	197.24	145.09	123.04	46.94
Long-Term Debt	33.41	34.42	43.24	43.32	20.78	30.37
Long-Term Leases	14.01	14.93	17.48	19.18	19.29	0.68
Other Long-Term Liabilities	-0	-	0	5	-	0.62
Total Liabilities	169.69	318.35	257.97	212.59	163.1	78.61

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	63.42	63.42	63.42	63.42	52.85	48.04
Additional Paid-In Capital	31.93	31.93	31.93	31.93	9.74	14.54
Retained Earnings	-6.18	-2.55	3.69	-6.36	2.47	7.83
Comprehensive Income & Other	-31.75	-31.75	-28.67	-16.15	-11.39	-19.08
Total Common Equity	57.42	61.05	70.37	72.84	53.67	51.34
Minority Interest	5.22	5.47	6.83	8.45	3.82	1.16
Shareholders' Equity	62.65	66.52	77.2	81.29	57.49	52.5
Total Liabilities & Equity	232.34	384.87	335.16	293.88	220.6	131.11

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	75.82	78.87	83.29	77.51	83.95	36.34
Net Cash (Debt)	-37.21	40.97	-4.22	3.86	-27.86	4.98
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.06	0.06	-0.01	0.01	-0.05	0.01
Filing Date Shares Outstanding	608.81	634.18	634.18	624.93	634.18	528.48
Total Common Shares Outstanding	608.81	634.18	630.18	624.93	528.48	528.48
Working Capital	0.21	5.14	26.02	20.07	-3.47	27.6
Book Value Per Share	0.09	0.10	0.11	0.12	0.10	0.10
Tangible Book Value	-15.67	-12.25	-6.24	-15.89	-12.93	1.35
Tangible Book Value Per Share	-0.03	-0.02	-0.01	-0.03	-0.02	0.00
Machinery	-	10.41	10.23	10.66	10.1	4.7

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 18, 2026

Data Sources Report a data error