SITAS: 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.
What changed
SITAS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,329
2024 · -€12,434+€20,763
Equity
€2.2m
2024 · €2.6m-€391,671
Cash
€132,053
2024 · €104,943+€27,110
Balance sheet total
€2.8m
2024 · €2.9m-€93,693
Largest movements
Assets
- Tangible fixed assets -€68,546
down €68,546 (-3.7%), from €1.9m to €1.8m
of which Land and buildings: -€64,654
- Receivables within one year -€62,141
down €62,141 (-83.6%), from €74,363 to €12,222
of which Trade receivables: -€46,656
Equity and liabilities
- Reserves -€400,000
down €400,000 (-15.3%), from €2.6m to €2.2m
of which Distributable reserves: -€400,000
- Other debts +€361,820
up €361,820 (+1,623%), from €22,288 to €384,107
- Current portion of long-term debt -€55,352
down €55,352 (-68.8%), from €80,462 to €25,111
Income statement
- Gross operating margin +€39,943
up €39,943 (+60.1%), from €66,413 to €106,356
- Financial income -€22,492
down €22,492 (-75.7%), from €29,717 to €7,225
- Depreciation -€2,716
down €2,716 (-3.2%), from €85,264 to €82,548
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.
Result 2024
-€12,434
Gross operating margin
+€39,943
Depreciation
+€2,716
Other operating charges
+€331
Financial income
-€22,492
Financial charges
+€281
Taxes
-€17
Result 2025
€8,329
raises the resultlowers the result
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.
From operations
+€533,303
Investment
-€25,057
Financing
-€481,135
Cash 2024
€104,943
From operations (derived)
+€533,303
Net result for the year
+€8,329
Depreciation
+€82,548
Receivables within one year
+€62,141
Deferred charges and accrued income
+€1,171
Trade debts
-€7,605
Tax, wage and social debts
+€16,541
Other debts
+€361,820
Accrued charges and deferred income
+€8,359
Investment (derived)
-€25,057
Investment in fixed assets (net)
-€14,003
Current investments
-€11,054
Financing
-€481,135
Debts after one year
-€25,111
Current portion of long-term debt
-€55,352
Short-term financial debts
-€673
Contributions, distributions and other
-€400,000
Cash 2025
€132,053
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,913,856 | €2,820,163 | -€93,693 | -3.2% |
| Fixed assets | 21/28 | €1,851,674 | €1,783,128 | -€68,546 | -3.7% |
| Tangible fixed assets | 22/27 | €1,851,674 | €1,783,128 | -€68,546 | -3.7% |
| Land and buildings | 22 | €1,795,524 | €1,730,870 | -€64,654 | -3.6% |
| Furniture and vehicles | 24 | €6,931 | €3,040 | -€3,891 | -56.1% |
| Other tangible fixed assets | 26 | €49,219 | €49,219 | = | 0.0% |
| Current assets | 29/58 | €1,062,182 | €1,037,035 | -€25,147 | -2.4% |
| Stocks and contracts in progress | 3 | €9,233 | €9,233 | = | 0.0% |
| Stocks | 30/36 | €9,233 | €9,233 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,363 | €12,222 | -€62,141 | -83.6% |
| Trade receivables | 40 | €49,885 | €3,229 | -€46,656 | -93.5% |
| Other amounts receivable | 41 | €24,478 | €8,993 | -€15,485 | -63.3% |
| Current investments | 50/53 | €867,946 | €879,000 | +€11,054 | +1.3% |
| Cash at bank and in hand | 54/58 | €104,943 | €132,053 | +€27,110 | +25.8% |
| Deferred charges and accrued income | 490/1 | €5,698 | €4,527 | -€1,171 | -20.5% |
| Total equity and liabilities | 10/49 | €2,913,856 | €2,820,163 | -€93,693 | -3.2% |
| Equity | 10/15 | €2,639,394 | €2,247,722 | -€391,671 | -14.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,616,865 | €2,216,865 | -€400,000 | -15.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,616,865 | €2,216,865 | -€400,000 | -15.3% |
| Profit (loss) carried forward | 14 | €3,937 | €12,266 | +€8,329 | +212% |
| Amounts payable | 17/49 | €274,463 | €572,441 | +€297,978 | +109% |
| Amounts payable after more than one year | 17 | €143,380 | €118,269 | -€25,111 | -17.5% |
| Financial debts | 170/4 | €143,380 | €118,269 | -€25,111 | -17.5% |
| Amounts payable within one year | 42/48 | €126,683 | €441,413 | +€314,730 | +248% |
| Current portion of amounts payable after more than one year | 42 | €80,462 | €25,111 | -€55,352 | -68.8% |
| Financial debts | 43 | €912 | €239 | -€673 | -73.8% |
| Credit institutions | 430/8 | €912 | €239 | -€673 | -73.8% |
| Trade debts | 44 | €14,892 | €7,287 | -€7,605 | -51.1% |
| Suppliers | 440/4 | €14,892 | €7,287 | -€7,605 | -51.1% |
| Taxes, remuneration and social security | 45 | €8,129 | €24,670 | +€16,541 | +203% |
| Taxes | 450/3 | €8,129 | €24,670 | +€16,541 | +203% |
| Other amounts payable | 47/48 | €22,288 | €384,107 | +€361,820 | +1,623% |
| Accrued charges and deferred income | 492/3 | €4,400 | €12,759 | +€8,359 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,264 | €82,548 | -€2,716 | -3.2% |
| Other operating charges | 640/8 | €16,028 | €15,697 | -€331 | -2.1% |
| Gross operating margin | 9900 | €66,413 | €106,356 | +€39,943 | +60.1% |
| Operating profit (loss) | 9901 | -€34,879 | €8,111 | +€42,990 | |
| Financial income | 75/76B | €29,717 | €7,225 | -€22,492 | -75.7% |
| Recurring financial income | 75 | €29,717 | €7,225 | -€22,492 | -75.7% |
| Financial charges | 65/66B | €6,854 | €6,573 | -€281 | -4.1% |
| Recurring financial charges | 65 | €6,854 | €6,573 | -€281 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,016 | €8,763 | +€20,779 | |
| Income taxes | 67/77 | €418 | €435 | +€17 | +4.0% |
| Profit (loss) for the period | 9904 | -€12,434 | €8,329 | +€20,763 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,434 | €8,329 | +€20,763 |
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 22 October 2026 via checked.be.