SIT: 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.
SIT
Largest movements
- Receivables within one year +€31,553
up €31,553 (+17.4%), from €180,950 to €212,504
of which Other amounts receivable: +€20,934
- Cash +€26,573
up €26,573 (+5680.0%), from €468 to €27,041
mainly Other debts (+€216,432) and Net result for the year (+€36,736)
- Tangible fixed assets -€9,285
down €9,285 (-15.7%), from €59,215 to €49,930
of which Land and buildings: -€8,923
- Other debts +€216,432
new in 2025: €216,432
- Reserves -€179,695
down €179,695 (-66.0%), from €272,413 to €92,718
- Tax, wage and social debts +€9,913
up €9,913 (+48.6%), from €20,419 to €30,332
- Gross operating margin +€24,369
up €24,369 (+79.4%), from €30,701 to €55,070
- Taxes +€7,762
up €7,762 (+86.9%), from €8,934 to €16,696
- Financial charges -€2,843
down €2,843 (-85.2%), from €3,337 to €494
- Financial income +€2,554
up €2,554 (+36.8%), from €6,946 to €9,500
- Other operating charges -€668
down €668 (-33.0%), from €2,028 to €1,359
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.
Cash bridge derived
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 | €306,713 | €355,555 | +€48,842 | +15.9% |
| Fixed assets | 21/28 | €59,215 | €49,930 | -€9,285 | -15.7% |
| Tangible fixed assets | 22/27 | €59,215 | €49,930 | -€9,285 | -15.7% |
| Land and buildings | 22 | €58,324 | €49,401 | -€8,923 | -15.3% |
| Furniture and vehicles | 24 | €891 | €529 | -€361 | -40.6% |
| Current assets | 29/58 | €247,498 | €305,625 | +€58,126 | +23.5% |
| Amounts receivable after more than one year | 29 | €66,080 | €66,080 | = | 0.0% |
| Other amounts receivable | 291 | €66,080 | €66,080 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €180,950 | €212,504 | +€31,553 | +17.4% |
| Trade receivables | 40 | €76,648 | €87,267 | +€10,619 | +13.9% |
| Other amounts receivable | 41 | €104,303 | €125,237 | +€20,934 | +20.1% |
| Cash at bank and in hand | 54/58 | €468 | €27,041 | +€26,573 | +5680.0% |
| Total equity and liabilities | 10/49 | €306,713 | €355,555 | +€48,842 | +15.9% |
| Equity | 10/15 | €279,213 | €99,518 | -€179,695 | -64.4% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €272,413 | €92,718 | -€179,695 | -66.0% |
| Distributable reserves | 133 | €272,413 | €92,718 | -€179,695 | -66.0% |
| Amounts payable | 17/49 | €27,500 | €256,037 | +€228,537 | +831.0% |
| Amounts payable within one year | 42/48 | €27,132 | €256,037 | +€228,905 | +843.7% |
| Trade debts | 44 | €6,713 | €9,274 | +€2,560 | +38.1% |
| Suppliers | 440/4 | €6,713 | €9,274 | +€2,560 | +38.1% |
| Taxes, remuneration and social security | 45 | €20,419 | €30,332 | +€9,913 | +48.6% |
| Taxes | 450/3 | €20,419 | €30,332 | +€9,913 | +48.6% |
| Other amounts payable | 47/48 | - | €216,432 | +€216,432 | |
| Accrued charges and deferred income | 492/3 | €368 | - | -€368 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,544 | €9,285 | -€259 | -2.7% |
| Other operating charges | 640/8 | €2,028 | €1,359 | -€668 | -33.0% |
| Gross operating margin | 9900 | €30,701 | €55,070 | +€24,369 | +79.4% |
| Operating profit (loss) | 9901 | €19,130 | €44,426 | +€25,296 | +132.2% |
| Financial income | 75/76B | €6,946 | €9,500 | +€2,554 | +36.8% |
| Recurring financial income | 75 | €6,946 | €9,500 | +€2,554 | +36.8% |
| Financial charges | 65/66B | €3,337 | €494 | -€2,843 | -85.2% |
| Recurring financial charges | 65 | €3,337 | €494 | -€2,843 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €22,739 | €53,433 | +€30,694 | +135.0% |
| Income taxes | 67/77 | €8,934 | €16,696 | +€7,762 | +86.9% |
| Profit (loss) for the period | 9904 | €13,805 | €36,736 | +€22,932 | +166.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,805 | €36,736 | +€22,932 | +166.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.