Sitax: 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.
Sitax
Largest movements
- Receivables within one year +€53,958
up €53,958 (+34.0%), from €158,583 to €212,541
of which Trade receivables: +€41,944
- Cash -€18,189
down €18,189 (-19.0%), from €95,681 to €77,492
- Stocks and contracts -€8,338
down €8,338 (-63.0%), from €13,231 to €4,893
- Reserves +€81,901
up €81,901 (+53.8%), from €152,158 to €234,059
of which Distributable reserves: +€83,761
- Other debts -€45,000
no longer reported in 2025 (was €45,000)
- Tax, wage and social debts -€13,599
down €13,599 (-80.0%), from €17,003 to €3,405
- Accrued charges and deferred income -€7,205
down €7,205 (-56.7%), from €12,705 to €5,500
- Current portion of long-term debt +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Gross operating margin -€77,595
down €77,595 (-56.6%), from €137,117 to €59,522
- Taxes -€10,886
down €10,886 (-40.1%), from €27,153 to €16,267
- Depreciation -€1,536
down €1,536 (-26.3%), from €5,832 to €4,296
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €291,455 | €318,766 | +€27,311 | +9.4% |
| Fixed assets | 21/28 | €6,626 | €7,547 | +€921 | +13.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €5,478 | €6,399 | +€921 | +16.8% |
| Plant, machinery and equipment | 23 | €2,601 | €4,418 | +€1,817 | +69.9% |
| Furniture and vehicles | 24 | €2,877 | €1,981 | -€897 | -31.2% |
| Financial fixed assets | 28 | €1,148 | €1,148 | = | 0.0% |
| Current assets | 29/58 | €284,829 | €311,220 | +€26,391 | +9.3% |
| Amounts receivable after more than one year | 29 | €15,441 | €15,441 | = | 0.0% |
| Other amounts receivable | 291 | €15,441 | €15,441 | = | 0.0% |
| Stocks and contracts in progress | 3 | €13,231 | €4,893 | -€8,338 | -63.0% |
| Stocks | 30/36 | €13,231 | €4,893 | -€8,338 | -63.0% |
| Amounts receivable within one year | 40/41 | €158,583 | €212,541 | +€53,958 | +34.0% |
| Trade receivables | 40 | €75,330 | €117,274 | +€41,944 | +55.7% |
| Other amounts receivable | 41 | €83,253 | €95,268 | +€12,014 | +14.4% |
| Cash at bank and in hand | 54/58 | €95,681 | €77,492 | -€18,189 | -19.0% |
| Deferred charges and accrued income | 490/1 | €1,893 | €853 | -€1,040 | -54.9% |
| Total equity and liabilities | 10/49 | €291,455 | €318,766 | +€27,311 | +9.4% |
| Equity | 10/15 | €170,758 | €252,659 | +€81,901 | +48.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,158 | €234,059 | +€81,901 | +53.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €150,298 | €234,059 | +€83,761 | +55.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €120,697 | €66,107 | -€54,589 | -45.2% |
| Amounts payable within one year | 42/48 | €107,992 | €60,607 | -€47,385 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Financial debts | 43 | €0 | €3,276 | +€3,276 | |
| Credit institutions | 430/8 | €0 | €3,276 | +€3,276 | |
| Trade debts | 44 | €40,989 | €43,926 | +€2,937 | +7.2% |
| Suppliers | 440/4 | €40,989 | €43,926 | +€2,937 | +7.2% |
| Taxes, remuneration and social security | 45 | €17,003 | €3,405 | -€13,599 | -80.0% |
| Taxes | 450/3 | €17,003 | €3,405 | -€13,599 | -80.0% |
| Other amounts payable | 47/48 | €45,000 | - | -€45,000 | |
| Accrued charges and deferred income | 492/3 | €12,705 | €5,500 | -€7,205 | -56.7% |
| Non-recurring operating income | 76A | €27,136 | - | -€27,136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,832 | €4,296 | -€1,536 | -26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €1,643 | €1,678 | +€35 | +2.1% |
| Gross operating margin | 9900 | €137,117 | €59,522 | -€77,595 | -56.6% |
| Operating profit (loss) | 9901 | €129,642 | €53,548 | -€76,093 | -58.7% |
| Financial income | 75/76B | €234 | €90 | -€144 | -61.5% |
| Recurring financial income | 75 | €234 | €90 | -€144 | -61.5% |
| Financial charges | 65/66B | €5,960 | €4,780 | -€1,179 | -19.8% |
| Recurring financial charges | 65 | €5,960 | €4,780 | -€1,179 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €123,916 | €48,858 | -€75,058 | -60.6% |
| Income taxes | 67/77 | €27,153 | €16,267 | -€10,886 | -40.1% |
| Profit (loss) for the period | 9904 | €96,763 | €32,591 | -€64,172 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,763 | €32,591 | -€64,172 | -66.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.