S.I.T. TRANS: 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.
S.I.T. TRANS
Largest movements
- Receivables within one year +€34,916
up €34,916 (+87.3%), from €39,976 to €74,892
- Tangible fixed assets +€23,131
up €23,131 (+106%), from €21,792 to €44,923
- Cash -€8,822
down €8,822 (-70.7%), from €12,478 to €3,656
mainly Receivables within one year (-€34,916) and Investment in fixed assets (net) (-€31,500)
- Financial fixed assets +€1,500
up €1,500 (+8.0%), from €18,750 to €20,250
- Trade debts +€46,562
up €46,562 (+1,303%), from €3,573 to €50,134
- Other debts +€6,102
up €6,102 (+9.9%), from €61,631 to €67,733
- Current portion of long-term debt -€2,500
no longer reported in 2025 (was €2,500)
- Gross operating margin -€25,811
down €25,811 (-22.6%), from €114,252 to €88,442
- Other operating charges -€23,359
down €23,359 (-91.7%), from €25,480 to €2,121
- Staff costs +€14,237
up €14,237 (+22.0%), from €64,795 to €79,032
- Taxes -€4,625
no longer reported in 2025 (was €4,625)
- Financial income -€1,282
down €1,282 (-99.6%), from €1,287 to €5
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 | €92,996 | €143,721 | +€50,725 | +54.5% |
| Fixed assets | 21/28 | €40,542 | €65,173 | +€24,631 | +60.8% |
| Tangible fixed assets | 22/27 | €21,792 | €44,923 | +€23,131 | +106% |
| Furniture and vehicles | 24 | €21,792 | €44,923 | +€23,131 | +106% |
| Financial fixed assets | 28 | €18,750 | €20,250 | +€1,500 | +8.0% |
| Current assets | 29/58 | €52,454 | €78,548 | +€26,094 | +49.7% |
| Amounts receivable within one year | 40/41 | €39,976 | €74,892 | +€34,916 | +87.3% |
| Trade receivables | 40 | €39,976 | €74,892 | +€34,916 | +87.3% |
| Cash at bank and in hand | 54/58 | €12,478 | €3,656 | -€8,822 | -70.7% |
| Total equity and liabilities | 10/49 | €92,996 | €143,721 | +€50,725 | +54.5% |
| Equity | 10/15 | €4,963 | €5,152 | +€189 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,037 | -€14,848 | +€189 | +1.3% |
| Amounts payable | 17/49 | €88,033 | €138,569 | +€50,536 | +57.4% |
| Amounts payable within one year | 42/48 | €88,033 | €138,569 | +€50,536 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | - | -€2,500 | |
| Trade debts | 44 | €3,573 | €50,134 | +€46,562 | +1,303% |
| Suppliers | 440/4 | €3,573 | €50,134 | +€46,562 | +1,303% |
| Taxes, remuneration and social security | 45 | €20,329 | €20,701 | +€372 | +1.8% |
| Taxes | 450/3 | €10,438 | €10,693 | +€255 | +2.4% |
| Remuneration and social security | 454/9 | €9,891 | €10,008 | +€117 | +1.2% |
| Other amounts payable | 47/48 | €61,631 | €67,733 | +€6,102 | +9.9% |
| Remuneration, social security and pensions | 62 | €64,795 | €79,032 | +€14,237 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,700 | €6,869 | +€1,169 | +20.5% |
| Other operating charges | 640/8 | €25,480 | €2,121 | -€23,359 | -91.7% |
| Gross operating margin | 9900 | €114,252 | €88,442 | -€25,811 | -22.6% |
| Operating profit (loss) | 9901 | €18,278 | €419 | -€17,858 | -97.7% |
| Financial income | 75/76B | €1,287 | €5 | -€1,282 | -99.6% |
| Recurring financial income | 75 | €1,287 | €5 | -€1,282 | -99.6% |
| Financial charges | 65/66B | €572 | €235 | -€337 | -58.8% |
| Recurring financial charges | 65 | €572 | €235 | -€337 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €18,992 | €189 | -€18,803 | -99.0% |
| Income taxes | 67/77 | €4,625 | - | -€4,625 | |
| Profit (loss) for the period | 9904 | €14,367 | €189 | -€14,178 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,367 | €189 | -€14,178 | -98.7% |
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 30 October 2026 via checked.be.