La Sitrée: 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.
La Sitrée
Largest movements
- Cash +€302,708
up €302,708 (+171%), from €177,017 to €479,725
mainly Net result for the year (+€404,023) and Depreciation (+€142,266)
- Tangible fixed assets +€228,593
up €228,593 (+9.0%), from €2.5m to €2.8m
of which Assets under construction and advance payments: +€353,734
- Receivables within one year -€61,335
down €61,335 (-17.2%), from €355,815 to €294,480
of which Other amounts receivable: -€66,827
- Reserves +€220,000
up €220,000 (+28.4%), from €775,000 to €995,000
- Profit (loss) carried forward +€184,023
up €184,023 (+49.8%), from €369,880 to €553,903
- Debts within one year -€118,387
down €118,387 (-69.5%), from €170,231 to €51,844
of which Current portion of long-term debt: -€124,379
- Investment grants +€116,980
up €116,980 (+12.0%), from €974,989 to €1.1m
- Debts after one year +€69,780
up €69,780 (+9.8%), from €713,614 to €783,394
- Gross operating margin +€276,372
up €276,372 (+3.8%), from €7.4m to €7.6m
- Staff costs +€196,533
up €196,533 (+2.9%), from €6.9m to €7.1m
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 | €3,072,247 | €3,543,803 | +€471,556 | +15.3% |
| Fixed assets | 21/28 | €2,539,228 | €2,767,822 | +€228,593 | +9.0% |
| Tangible fixed assets | 22/27 | €2,539,228 | €2,767,822 | +€228,593 | +9.0% |
| Land and buildings | 22 | €2,091,528 | €1,997,579 | -€93,948 | -4.5% |
| Plant, machinery and equipment | 23 | €1,416 | €816 | -€599 | -42.3% |
| Furniture and vehicles | 24 | €57,335 | €34,716 | -€22,619 | -39.5% |
| Other tangible fixed assets | 26 | €60,927 | €52,953 | -€7,973 | -13.1% |
| Assets under construction and advance payments | 27 | €328,023 | €681,757 | +€353,734 | +108% |
| Current assets | 29/58 | €533,019 | €775,982 | +€242,963 | +45.6% |
| Amounts receivable within one year | 40/41 | €355,815 | €294,480 | -€61,335 | -17.2% |
| Trade receivables | 40 | €23,292 | €28,785 | +€5,492 | +23.6% |
| Other amounts receivable | 41 | €332,523 | €265,695 | -€66,827 | -20.1% |
| Cash at bank and in hand | 54/58 | €177,017 | €479,725 | +€302,708 | +171% |
| Deferred charges and accrued income | 490/1 | €187 | €1,777 | +€1,590 | +850% |
| Total equity and liabilities | 10/49 | €3,072,247 | €3,543,803 | +€471,556 | +15.3% |
| Equity | 10/15 | €2,187,562 | €2,708,565 | +€521,003 | +23.8% |
| Contributions | 10/11 | €67,693 | €67,693 | = | 0.0% |
| Capital | 10 | €67,693 | €67,693 | = | 0.0% |
| Reserves | 13 | €775,000 | €995,000 | +€220,000 | +28.4% |
| Profit (loss) carried forward | 14 | €369,880 | €553,903 | +€184,023 | +49.8% |
| Investment grants | 15 | €974,989 | €1,091,969 | +€116,980 | +12.0% |
| Amounts payable | 17/49 | €884,685 | €835,238 | -€49,447 | -5.6% |
| Amounts payable after more than one year | 17 | €713,614 | €783,394 | +€69,780 | +9.8% |
| Financial debts | 170/4 | €713,614 | €783,394 | +€69,780 | +9.8% |
| Amounts payable within one year | 42/48 | €170,231 | €51,844 | -€118,387 | -69.5% |
| Current portion of amounts payable after more than one year | 42 | €147,246 | €22,867 | -€124,379 | -84.5% |
| Trade debts | 44 | €13,971 | €20,883 | +€6,912 | +49.5% |
| Suppliers | 440/4 | €13,971 | €20,883 | +€6,912 | +49.5% |
| Taxes, remuneration and social security | 45 | €8,815 | €7,969 | -€845 | -9.6% |
| Remuneration and social security | 454/9 | €8,815 | €7,969 | -€845 | -9.6% |
| Accrued charges and deferred income | 492/3 | €840 | - | -€840 | |
| Remuneration, social security and pensions | 62 | €6,874,956 | €7,071,489 | +€196,533 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,619 | €142,266 | -€18,353 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,317 | €28 | -€15,289 | -99.8% |
| Other operating charges | 640/8 | €877 | €2,519 | +€1,642 | +187% |
| Non-recurring operating charges | 66A | €1,064,148 | - | -€1.1m | |
| Gross operating margin | 9900 | €7,350,812 | €7,627,184 | +€276,372 | +3.8% |
| Operating profit (loss) | 9901 | -€765,105 | €410,882 | +€1.2m | |
| Financial income | 75/76B | €1,302 | €144 | -€1,158 | -88.9% |
| Recurring financial income | 75 | €1,302 | €144 | -€1,158 | -88.9% |
| Financial charges | 65/66B | €7,157 | €7,003 | -€153 | -2.1% |
| Recurring financial charges | 65 | €7,157 | €7,003 | -€153 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€770,960 | €404,023 | +€1.2m | |
| Profit (loss) for the period | 9904 | -€770,960 | €404,023 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€770,960 | €404,023 | +€1.2m |
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 17 October 2026 via checked.be.