SITE & CO: 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 & CO
Largest movements
- Current investments +€101,304
up €101,304 (+4944.3%), from €2,049 to €103,352
- Cash -€55,200
down €55,200 (-53.8%), from €102,622 to €47,422
mainly Current investments (-€101,304) and Tax, wage and social debts (-€9,004)
- Tangible fixed assets -€12,288
down €12,288 (-12.9%), from €95,573 to €83,285
of which Furniture and vehicles: -€6,538
- Receivables within one year -€9,815
down €9,815 (-31.2%), from €31,413 to €21,598
of which Trade receivables: -€11,652
- Other debts +€23,181
up €23,181 (+45.9%), from €50,474 to €73,654
- Tax, wage and social debts -€9,004
down €9,004 (-55.9%), from €16,115 to €7,111
- Reserves +€5,792
up €5,792 (+4.3%), from €135,986 to €141,777
of which Distributable reserves: +€10,453
- Trade debts +€3,108
up €3,108 (+317.4%), from €979 to €4,088
- Gross operating margin -€9,218
down €9,218 (-23.9%), from €38,514 to €29,296
- Taxes -€3,667
down €3,667 (-40.0%), from €9,156 to €5,489
- Financial charges +€2,504
up €2,504 (+315.0%), from €795 to €3,298
- Financial income -€1,723
down €1,723 (-34.9%), from €4,942 to €3,219
of which Non-recurring financial income: -€1,800
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.
Cash bridge derived
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 | €231,931 | €255,931 | +€24,000 | +10.3% |
| Fixed assets | 21/28 | €95,847 | €83,558 | -€12,288 | -12.8% |
| Tangible fixed assets | 22/27 | €95,573 | €83,285 | -€12,288 | -12.9% |
| Land and buildings | 22 | €64,835 | €59,085 | -€5,750 | -8.9% |
| Furniture and vehicles | 24 | €30,739 | €24,200 | -€6,538 | -21.3% |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €136,084 | €172,373 | +€36,288 | +26.7% |
| Amounts receivable within one year | 40/41 | €31,413 | €21,598 | -€9,815 | -31.2% |
| Trade receivables | 40 | €30,668 | €19,015 | -€11,652 | -38.0% |
| Other amounts receivable | 41 | €746 | €2,583 | +€1,837 | +246.5% |
| Current investments | 50/53 | €2,049 | €103,352 | +€101,304 | +4944.3% |
| Cash at bank and in hand | 54/58 | €102,622 | €47,422 | -€55,200 | -53.8% |
| Total equity and liabilities | 10/49 | €231,931 | €255,931 | +€24,000 | +10.3% |
| Equity | 10/15 | €154,536 | €160,327 | +€5,792 | +3.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €135,986 | €141,777 | +€5,792 | +4.3% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Tax-exempt reserves | 132 | €28,171 | €25,365 | -€2,806 | -10.0% |
| Distributable reserves | 133 | €105,959 | €116,412 | +€10,453 | +9.9% |
| Provisions and deferred taxes | 16 | €9,390 | €8,455 | -€935 | -10.0% |
| Deferred taxes | 168 | €9,390 | €8,455 | -€935 | -10.0% |
| Amounts payable | 17/49 | €68,005 | €87,149 | +€19,144 | +28.2% |
| Amounts payable within one year | 42/48 | €67,568 | €84,853 | +€17,285 | +25.6% |
| Trade debts | 44 | €979 | €4,088 | +€3,108 | +317.4% |
| Suppliers | 440/4 | €979 | €4,088 | +€3,108 | +317.4% |
| Taxes, remuneration and social security | 45 | €16,115 | €7,111 | -€9,004 | -55.9% |
| Taxes | 450/3 | €16,115 | €7,111 | -€9,004 | -55.9% |
| Other amounts payable | 47/48 | €50,474 | €73,654 | +€23,181 | +45.9% |
| Accrued charges and deferred income | 492/3 | €437 | €2,296 | +€1,859 | +425.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,212 | €14,552 | +€339 | +2.4% |
| Other operating charges | 640/8 | €4,015 | €4,319 | +€304 | +7.6% |
| Gross operating margin | 9900 | €38,514 | €29,296 | -€9,218 | -23.9% |
| Operating profit (loss) | 9901 | €20,286 | €10,425 | -€9,861 | -48.6% |
| Financial income | 75/76B | €4,942 | €3,219 | -€1,723 | -34.9% |
| Recurring financial income | 75 | €3,142 | €3,219 | +€77 | +2.4% |
| Non-recurring financial income | 76B | €1,800 | - | -€1,800 | |
| Financial charges | 65/66B | €795 | €3,298 | +€2,504 | +315.0% |
| Recurring financial charges | 65 | €795 | €3,298 | +€2,504 | +315.0% |
| Profit (loss) for the period before taxes | 9903 | €24,433 | €10,345 | -€14,088 | -57.7% |
| Transfer from deferred taxes | 780 | €935 | €935 | = | 0.0% |
| Income taxes | 67/77 | €9,156 | €5,489 | -€3,667 | -40.0% |
| Profit (loss) for the period | 9904 | €16,213 | €5,792 | -€10,421 | -64.3% |
| Transfer from tax-exempt reserves | 789 | €2,806 | €2,806 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,019 | €8,598 | -€10,421 | -54.8% |
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 12 October 2026 via checked.be.