SITE 34: 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.
SITE 34
Largest movements
- Cash -€71,303
down €71,303 (-36.6%), from €194,729 to €123,426
mainly Other debts (-€109,999) and Receivables within one year (-€22,828)
- Receivables within one year +€22,828
up €22,828 (+2727.3%), from €837 to €23,665
of which Other amounts receivable: +€15,913
- Tangible fixed assets -€18,802
down €18,802 (-29.7%), from €63,262 to €44,460
- Other debts -€109,999
down €109,999 (-99.2%), from €110,832 to €833
- Reserves +€52,874
up €52,874 (+2403.4%), from €2,200 to €55,074
of which Distributable reserves: +€52,874
- Trade debts -€8,871
down €8,871 (-30.1%), from €29,474 to €20,603
- Turnover -€163,600
no longer reported in 2025 (was €163,600)
- Purchases and services -€87,685
no longer reported in 2025 (was €87,685)
- Taxes +€38,583
up €38,583 (+11982.4%), from €322 to €38,905
- Gross operating margin +€32,575
up €32,575 (+38.9%), from €83,758 to €116,333
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 | €258,905 | €191,551 | -€67,354 | -26.0% |
| Fixed assets | 21/28 | €63,339 | €44,460 | -€18,879 | -29.8% |
| Tangible fixed assets | 22/27 | €63,262 | €44,460 | -€18,802 | -29.7% |
| Furniture and vehicles | 24 | €63,262 | €44,460 | -€18,802 | -29.7% |
| Financial fixed assets | 28 | €77 | - | -€77 | |
| Current assets | 29/58 | €195,566 | €147,091 | -€48,475 | -24.8% |
| Amounts receivable within one year | 40/41 | €837 | €23,665 | +€22,828 | +2727.3% |
| Trade receivables | 40 | - | €6,915 | +€6,915 | |
| Other amounts receivable | 41 | €837 | €16,750 | +€15,913 | +1901.2% |
| Cash at bank and in hand | 54/58 | €194,729 | €123,426 | -€71,303 | -36.6% |
| Total equity and liabilities | 10/49 | €258,905 | €191,551 | -€67,354 | -26.0% |
| Equity | 10/15 | €76,315 | €128,356 | +€52,041 | +68.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,200 | €55,074 | +€52,874 | +2403.4% |
| Non-distributable reserves | 130/1 | €2,200 | €2,200 | = | 0.0% |
| Legal reserve | 130 | €2,200 | €2,200 | = | 0.0% |
| Distributable reserves | 133 | - | €52,874 | +€52,874 | |
| Profit (loss) carried forward | 14 | €55,515 | €54,682 | -€833 | -1.5% |
| Amounts payable | 17/49 | €182,590 | €63,195 | -€119,396 | -65.4% |
| Amounts payable within one year | 42/48 | €182,590 | €63,195 | -€119,396 | -65.4% |
| Trade debts | 44 | €29,474 | €20,603 | -€8,871 | -30.1% |
| Suppliers | 440/4 | €29,474 | €20,603 | -€8,871 | -30.1% |
| Taxes, remuneration and social security | 45 | €42,284 | €41,758 | -€526 | -1.2% |
| Taxes | 450/3 | €41,526 | €41,758 | +€232 | +0.6% |
| Remuneration and social security | 454/9 | €758 | - | -€758 | |
| Other amounts payable | 47/48 | €110,832 | €833 | -€109,999 | -99.2% |
| Turnover | 70 | €163,600 | - | -€163,600 | |
| Goods, raw materials, services and sundry goods | 60/61 | €87,685 | - | -€87,685 | |
| Remuneration, social security and pensions | 62 | €787 | - | -€787 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,095 | €21,980 | -€115 | -0.5% |
| Other operating charges | 640/8 | €4,918 | €4,085 | -€833 | -16.9% |
| Gross operating margin | 9900 | €83,758 | €116,333 | +€32,575 | +38.9% |
| Operating profit (loss) | 9901 | €55,958 | €90,268 | +€34,310 | +61.3% |
| Financial income | 75/76B | €1,159 | €1,650 | +€491 | +42.3% |
| Recurring financial income | 75 | €1,159 | €1,650 | +€491 | +42.3% |
| Financial charges | 65/66B | €613 | €138 | -€475 | -77.5% |
| Recurring financial charges | 65 | €613 | €138 | -€475 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €56,504 | €91,780 | +€35,276 | +62.4% |
| Income taxes | 67/77 | €322 | €38,905 | +€38,583 | +11982.4% |
| Profit (loss) for the period | 9904 | €56,182 | €52,874 | -€3,308 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,182 | €52,874 | -€3,308 | -5.9% |
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 10 October 2026 via checked.be.