SITA: 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.
SITA
Largest movements
- Tangible fixed assets -€183,532
down €183,532 (-29.5%), from €621,577 to €438,045
of which Land and buildings: -€164,814
- Cash +€42,698
up €42,698 (+1,189%), from €3,590 to €46,288
mainly Depreciation (+€187,903) and Net result for the year (+€131,334)
- Receivables within one year -€14,044
down €14,044 (-8.2%), from €171,833 to €157,789
of which Trade receivables: -€14,803
- Trade debts -€152,072
down €152,072 (-17.3%), from €877,163 to €725,091
- Profit (loss) carried forward +€131,334
up €131,334 (+4.8%), from -€2.8m to -€2.6m
- Debts after one year -€65,815
down €65,815 (-16.3%), from €404,973 to €339,158
- Investment grants -€37,523
down €37,523 (-25.1%), from €149,356 to €111,833
- Tax, wage and social debts -€18,466
down €18,466 (-34.3%), from €53,880 to €35,414
of which Remuneration and social security: -€15,798
- Turnover -€435,751
down €435,751 (-60.9%), from €716,078 to €280,327
- Staff costs -€348,773
down €348,773 (-69.3%), from €503,553 to €154,780
- Gross operating margin -€344,051
down €344,051 (-42.0%), from €818,972 to €474,921
- Purchases and services -€79,547
down €79,547 (-19.6%), from €405,108 to €325,561
- Depreciation -€68,105
down €68,105 (-26.6%), from €256,008 to €187,903
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 | €797,125 | €642,248 | -€154,878 | -19.4% |
| Fixed assets | 21/28 | €621,702 | €438,170 | -€183,532 | -29.5% |
| Tangible fixed assets | 22/27 | €621,577 | €438,045 | -€183,532 | -29.5% |
| Land and buildings | 22 | €593,766 | €428,952 | -€164,814 | -27.8% |
| Plant, machinery and equipment | 23 | €14,256 | €8,961 | -€5,295 | -37.1% |
| Furniture and vehicles | 24 | €13,555 | €132 | -€13,423 | -99.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €175,423 | €204,077 | +€28,655 | +16.3% |
| Amounts receivable within one year | 40/41 | €171,833 | €157,789 | -€14,044 | -8.2% |
| Trade receivables | 40 | €171,833 | €157,030 | -€14,803 | -8.6% |
| Other amounts receivable | 41 | - | €759 | +€759 | |
| Cash at bank and in hand | 54/58 | €3,590 | €46,288 | +€42,698 | +1,189% |
| Total equity and liabilities | 10/49 | €797,125 | €642,248 | -€154,878 | -19.4% |
| Equity | 10/15 | -€2,056,222 | -€1,962,411 | +€93,811 | +4.6% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €22,500 | €22,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,753,078 | -€2,621,744 | +€131,334 | +4.8% |
| Investment grants | 15 | €149,356 | €111,833 | -€37,523 | -25.1% |
| Amounts payable | 17/49 | €2,853,347 | €2,604,659 | -€248,688 | -8.7% |
| Amounts payable after more than one year | 17 | €404,973 | €339,158 | -€65,815 | -16.3% |
| Financial debts | 170/4 | €404,973 | €339,158 | -€65,815 | -16.3% |
| Amounts payable within one year | 42/48 | €2,448,374 | €2,265,500 | -€182,873 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €73,348 | €66,472 | -€6,876 | -9.4% |
| Financial debts | 43 | €5,459 | - | -€5,459 | |
| Credit institutions | 430/8 | €5,459 | - | -€5,459 | |
| Trade debts | 44 | €877,163 | €725,091 | -€152,072 | -17.3% |
| Suppliers | 440/4 | €877,163 | €725,091 | -€152,072 | -17.3% |
| Taxes, remuneration and social security | 45 | €53,880 | €35,414 | -€18,466 | -34.3% |
| Taxes | 450/3 | €10,162 | €7,494 | -€2,669 | -26.3% |
| Remuneration and social security | 454/9 | €43,717 | €27,920 | -€15,798 | -36.1% |
| Other amounts payable | 47/48 | €1,438,524 | €1,438,524 | = | 0.0% |
| Turnover | 70 | €716,078 | €280,327 | -€435,751 | -60.9% |
| Non-recurring operating income | 76A | €13,020 | - | -€13,020 | |
| Goods, raw materials, services and sundry goods | 60/61 | €405,108 | €325,561 | -€79,547 | -19.6% |
| Remuneration, social security and pensions | 62 | €503,553 | €154,780 | -€348,773 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256,008 | €187,903 | -€68,105 | -26.6% |
| Other operating charges | 640/8 | €20,416 | €20,851 | +€435 | +2.1% |
| Gross operating margin | 9900 | €818,972 | €474,921 | -€344,051 | -42.0% |
| Operating profit (loss) | 9901 | €38,995 | €111,387 | +€72,393 | +186% |
| Financial income | 75/76B | €50,191 | €38,884 | -€11,308 | -22.5% |
| Recurring financial income | 75 | €50,191 | €38,884 | -€11,308 | -22.5% |
| Financial charges | 65/66B | €44,160 | €18,937 | -€25,223 | -57.1% |
| Recurring financial charges | 65 | €44,160 | €18,937 | -€25,223 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €45,026 | €131,334 | +€86,308 | +192% |
| Profit (loss) for the period | 9904 | €45,026 | €131,334 | +€86,308 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €45,026 | €131,334 | +€86,308 | +192% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.