SITARA: 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.
SITARA
Largest movements
- Cash +€52,539
up €52,539 (+225.0%), from €23,354 to €75,893
mainly Receivables within one year (+€23,687) and Trade debts (+€23,556)
- Receivables within one year -€23,687
down €23,687 (-59.9%), from €39,524 to €15,837
- Tangible fixed assets -€13,887
down €13,887 (-5.7%), from €243,798 to €229,911
of which Land and buildings: -€14,000
- Trade debts +€23,556
up €23,556 (+56.8%), from €41,462 to €65,018
- Debts after one year -€14,444
down €14,444 (-6.7%), from €215,325 to €200,881
- Profit (loss) carried forward +€10,018
up €10,018 (+9.4%), from €106,309 to €116,327
- Turnover -€125,608
down €125,608 (-24.1%), from €521,563 to €395,955
- Purchases and services -€102,210
down €102,210 (-26.7%), from €382,865 to €280,655
- Gross operating margin -€12,288
down €12,288 (-7.8%), from €157,993 to €145,705
- Staff costs +€6,602
up €6,602 (+6.8%), from €96,515 to €103,117
- Financial charges -€6,037
down €6,037 (-77.4%), from €7,797 to €1,760
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 | €430,700 | €447,454 | +€16,754 | +3.9% |
| Fixed assets | 21/28 | €257,298 | €243,411 | -€13,887 | -5.4% |
| Tangible fixed assets | 22/27 | €243,798 | €229,911 | -€13,887 | -5.7% |
| Land and buildings | 22 | €241,299 | €227,299 | -€14,000 | -5.8% |
| Plant, machinery and equipment | 23 | €1,242 | €1,116 | -€126 | -10.1% |
| Furniture and vehicles | 24 | €1,257 | €1,496 | +€239 | +19.0% |
| Financial fixed assets | 28 | €13,500 | €13,500 | = | 0.0% |
| Current assets | 29/58 | €173,402 | €204,043 | +€30,641 | +17.7% |
| Stocks and contracts in progress | 3 | €110,524 | €112,313 | +€1,789 | +1.6% |
| Stocks | 30/36 | €110,524 | €112,313 | +€1,789 | +1.6% |
| Amounts receivable within one year | 40/41 | €39,524 | €15,837 | -€23,687 | -59.9% |
| Trade receivables | 40 | €39,524 | €15,837 | -€23,687 | -59.9% |
| Cash at bank and in hand | 54/58 | €23,354 | €75,893 | +€52,539 | +225.0% |
| Total equity and liabilities | 10/49 | €430,700 | €447,454 | +€16,754 | +3.9% |
| Equity | 10/15 | €130,760 | €140,778 | +€10,018 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €5,851 | €5,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,851 | €5,851 | = | 0.0% |
| Legal reserve | 130 | €5,851 | - | -€5,851 | |
| Reserves not available under the articles | 1311 | - | €5,851 | +€5,851 | |
| Profit (loss) carried forward | 14 | €106,309 | €116,327 | +€10,018 | +9.4% |
| Amounts payable | 17/49 | €299,940 | €306,676 | +€6,736 | +2.2% |
| Amounts payable after more than one year | 17 | €215,325 | €200,881 | -€14,444 | -6.7% |
| Financial debts | 170/4 | €215,325 | €200,881 | -€14,444 | -6.7% |
| Amounts payable within one year | 42/48 | €84,615 | €105,795 | +€21,180 | +25.0% |
| Trade debts | 44 | €41,462 | €65,018 | +€23,556 | +56.8% |
| Suppliers | 440/4 | €41,462 | €65,018 | +€23,556 | +56.8% |
| Taxes, remuneration and social security | 45 | €36,628 | €32,879 | -€3,749 | -10.2% |
| Taxes | 450/3 | €14,582 | €13,863 | -€719 | -4.9% |
| Remuneration and social security | 454/9 | €22,046 | €19,016 | -€3,030 | -13.7% |
| Other amounts payable | 47/48 | €6,525 | €7,898 | +€1,373 | +21.0% |
| Turnover | 70 | €521,563 | €395,955 | -€125,608 | -24.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €382,865 | €280,655 | -€102,210 | -26.7% |
| Remuneration, social security and pensions | 62 | €96,515 | €103,117 | +€6,602 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,255 | €16,068 | -€1,187 | -6.9% |
| Other operating charges | 640/8 | €5,986 | €11,403 | +€5,417 | +90.5% |
| Gross operating margin | 9900 | €157,993 | €145,705 | -€12,288 | -7.8% |
| Operating profit (loss) | 9901 | €38,237 | €15,117 | -€23,120 | -60.5% |
| Financial charges | 65/66B | €7,797 | €1,760 | -€6,037 | -77.4% |
| Recurring financial charges | 65 | €7,797 | €1,760 | -€6,037 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €30,440 | €13,357 | -€17,083 | -56.1% |
| Income taxes | 67/77 | €5,073 | €3,339 | -€1,734 | -34.2% |
| Profit (loss) for the period | 9904 | €25,367 | €10,018 | -€15,349 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,367 | €10,018 | -€15,349 | -60.5% |
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 12 October 2026 via checked.be.