SITABEL: 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.
SITABEL
Largest movements
- Receivables within one year +€13,986
up €13,986 (+90.8%), from €15,406 to €29,392
of which Trade receivables: +€12,437
- Tangible fixed assets -€2,861
down €2,861 (-27.9%), from €10,262 to €7,400
- Receivables after one year -€2,766
down €2,766 (-28.1%), from €9,830 to €7,064
- Cash +€1,066
up €1,066 (+500.6%), from €213 to €1,279
mainly Net result for the year (+€16,094) and Depreciation (+€2,861)
- Profit (loss) carried forward +€16,094
up €16,094 (+110.3%), from €14,586 to €30,680
- Trade debts -€5,784
down €5,784 (-64.4%), from €8,979 to €3,195
- Tax, wage and social debts -€498
down €498 (-4.4%), from €11,294 to €10,796
of which Taxes: -€498
- Turnover -€66,299
no longer reported in 2023 (was €66,299)
- Purchases and services -€54,213
no longer reported in 2023 (was €54,213)
- Other operating charges -€14,189
down €14,189 (-100.0%), from €14,190 to €0
- Gross operating margin +€6,527
up €6,527 (+53.0%), from €12,314 to €18,842
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,859 | €45,671 | +€9,812 | +27.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €10,262 | €7,400 | -€2,861 | -27.9% |
| Tangible fixed assets | 22/27 | €10,262 | €7,400 | -€2,861 | -27.9% |
| Furniture and vehicles | 24 | €10,262 | €7,400 | -€2,861 | -27.9% |
| Current assets | 29/58 | €25,597 | €38,270 | +€12,673 | +49.5% |
| Amounts receivable after more than one year | 29 | €9,830 | €7,064 | -€2,766 | -28.1% |
| Other amounts receivable | 291 | €9,830 | €7,064 | -€2,766 | -28.1% |
| Amounts receivable within one year | 40/41 | €15,406 | €29,392 | +€13,986 | +90.8% |
| Trade receivables | 40 | €6,002 | €18,439 | +€12,437 | +207.2% |
| Other amounts receivable | 41 | €9,404 | €10,953 | +€1,549 | +16.5% |
| Cash at bank and in hand | 54/58 | €213 | €1,279 | +€1,066 | +500.6% |
| Deferred charges and accrued income | 490/1 | €148 | €535 | +€387 | +261.4% |
| Total equity and liabilities | 10/49 | €35,859 | €45,671 | +€9,812 | +27.4% |
| Equity | 10/15 | €15,586 | €31,680 | +€16,094 | +103.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,586 | €30,680 | +€16,094 | +110.3% |
| Amounts payable | 17/49 | €20,273 | €13,991 | -€6,282 | -31.0% |
| Amounts payable within one year | 42/48 | €20,273 | €13,991 | -€6,282 | -31.0% |
| Trade debts | 44 | €8,979 | €3,195 | -€5,784 | -64.4% |
| Suppliers | 440/4 | €8,979 | €3,195 | -€5,784 | -64.4% |
| Taxes, remuneration and social security | 45 | €11,294 | €10,796 | -€498 | -4.4% |
| Taxes | 450/3 | €11,294 | €10,796 | -€498 | -4.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €66,299 | - | -€66,299 | |
| Goods, raw materials, services and sundry goods | 60/61 | €54,213 | - | -€54,213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,831 | €2,861 | +€30 | +1.1% |
| Other operating charges | 640/8 | €14,190 | €0 | -€14,189 | -100.0% |
| Gross operating margin | 9900 | €12,314 | €18,842 | +€6,527 | +53.0% |
| Operating profit (loss) | 9901 | -€4,706 | €15,981 | +€20,687 | |
| Financial income | 75/76B | €793 | €432 | -€360 | -45.4% |
| Recurring financial income | 75 | €793 | €432 | -€360 | -45.4% |
| Financial charges | 65/66B | €353 | €319 | -€33 | -9.4% |
| Recurring financial charges | 65 | €353 | €319 | -€33 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,266 | €16,094 | +€20,360 | |
| Profit (loss) for the period | 9904 | -€4,266 | €16,094 | +€20,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,266 | €16,094 | +€20,360 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.