SITAG: 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.
SITAG
Largest movements
- Receivables within one year -€35,609
down €35,609 (-46.3%), from €76,987 to €41,378
of which Trade receivables: -€39,708
- Tangible fixed assets -€14,903
down €14,903 (-48.0%), from €31,058 to €16,155
- Deferred charges and accrued income -€1,275
down €1,275 (-40.0%), from €3,190 to €1,915
- Profit (loss) carried forward -€43,927
down €43,927 (-32.5%), from -€135,104 to -€179,031
- Other debts -€22,706
down €22,706 (-41.7%), from €54,474 to €31,768
- Trade debts +€11,444
up €11,444 (+12.9%), from €88,785 to €100,229
- Tax, wage and social debts +€4,233
up €4,233 (+146%), from €2,907 to €7,140
of which Taxes: +€3,733
- Accrued charges and deferred income -€1,128
down €1,128 (-59.6%), from €1,892 to €764
- Gross operating margin -€21,378
down €21,378, from €6,845 to -€14,533
- Taxes +€7,450
up €7,450 (+6,979%), from €107 to €7,557
- Depreciation +€3,756
up €3,756 (+28.6%), from €13,148 to €16,903
- Other operating charges +€2,074
up €2,074 (+132%), from €1,566 to €3,640
- Financial charges +€607
up €607 (+136%), from €446 to €1,053
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,221 | €60,138 | -€52,083 | -46.4% |
| Fixed assets | 21/28 | €31,058 | €16,155 | -€14,903 | -48.0% |
| Tangible fixed assets | 22/27 | €31,058 | €16,155 | -€14,903 | -48.0% |
| Furniture and vehicles | 24 | €31,058 | €16,155 | -€14,903 | -48.0% |
| Current assets | 29/58 | €81,163 | €43,983 | -€37,180 | -45.8% |
| Amounts receivable within one year | 40/41 | €76,987 | €41,378 | -€35,609 | -46.3% |
| Trade receivables | 40 | €74,530 | €34,822 | -€39,708 | -53.3% |
| Other amounts receivable | 41 | €2,457 | €6,556 | +€4,099 | +167% |
| Cash at bank and in hand | 54/58 | €986 | €690 | -€296 | -30.0% |
| Deferred charges and accrued income | 490/1 | €3,190 | €1,915 | -€1,275 | -40.0% |
| Total equity and liabilities | 10/49 | €112,221 | €60,138 | -€52,083 | -46.4% |
| Equity | 10/15 | -€35,836 | -€79,763 | -€43,927 | -123% |
| Contributions | 10/11 | €96,789 | €96,789 | = | 0.0% |
| Contributions outside capital | 11 | €96,789 | €96,789 | = | 0.0% |
| Other | 1109/19 | €96,789 | €96,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,104 | -€179,031 | -€43,927 | -32.5% |
| Amounts payable | 17/49 | €148,057 | €139,901 | -€8,156 | -5.5% |
| Amounts payable within one year | 42/48 | €146,165 | €139,137 | -€7,028 | -4.8% |
| Trade debts | 44 | €88,785 | €100,229 | +€11,444 | +12.9% |
| Suppliers | 440/4 | €88,785 | €100,229 | +€11,444 | +12.9% |
| Taxes, remuneration and social security | 45 | €2,907 | €7,140 | +€4,233 | +146% |
| Taxes | 450/3 | €107 | €3,840 | +€3,733 | +3,497% |
| Remuneration and social security | 454/9 | €2,800 | €3,300 | +€500 | +17.9% |
| Other amounts payable | 47/48 | €54,474 | €31,768 | -€22,706 | -41.7% |
| Accrued charges and deferred income | 492/3 | €1,892 | €764 | -€1,128 | -59.6% |
| Non-recurring operating income | 76A | €52,652 | €199 | -€52,453 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,148 | €16,903 | +€3,756 | +28.6% |
| Other operating charges | 640/8 | €1,566 | €3,640 | +€2,074 | +132% |
| Non-recurring operating charges | 66A | €10,555 | €241 | -€10,314 | -97.7% |
| Gross operating margin | 9900 | €6,845 | -€14,533 | -€21,378 | |
| Operating profit (loss) | 9901 | -€18,424 | -€35,317 | -€16,893 | -91.7% |
| Financial income | 75/76B | €13 | - | -€13 | |
| Recurring financial income | 75 | €13 | - | -€13 | |
| Financial charges | 65/66B | €446 | €1,053 | +€607 | +136% |
| Recurring financial charges | 65 | €446 | €1,053 | +€607 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€18,858 | -€36,370 | -€17,513 | -92.9% |
| Income taxes | 67/77 | €107 | €7,557 | +€7,450 | +6,979% |
| Profit (loss) for the period | 9904 | -€18,964 | -€43,927 | -€24,963 | -132% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,964 | -€43,927 | -€24,963 | -132% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.