SITEBA: 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.
SITEBA
Largest movements
- Cash +€57,827
up €57,827 (+61.1%), from €94,625 to €152,451
mainly Receivables within one year (+€55,621) and Other debts (+€31,256)
- Receivables within one year -€55,621
down €55,621 (-78.5%), from €70,898 to €15,277
of which Trade receivables: -€67,562
- Other debts +€31,256
up €31,256 (+106%), from €29,620 to €60,875
- Profit (loss) carried forward -€19,340
down €19,340 (-96.2%), from -€20,111 to -€39,451
- Tax, wage and social debts -€9,105
no longer reported in 2025 (was €9,105)
- Accrued charges and deferred income -€4,927
down €4,927 (-27.9%), from €17,669 to €12,741
- Trade debts +€4,418
up €4,418 (+36.6%), from €12,067 to €16,485
- Gross operating margin -€10,402
down €10,402 (-260%), from -€3,997 to -€14,398
- Financial charges -€1,692
down €1,692 (-25.5%), from €6,633 to €4,941
- Depreciation -€769
no longer reported in 2025 (was €769)
- Taxes -€190
down €190, from €151 to -€39
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,350 | €270,650 | +€2,301 | +0.9% |
| Current assets | 29/58 | €268,350 | €270,650 | +€2,301 | +0.9% |
| Amounts receivable within one year | 40/41 | €70,898 | €15,277 | -€55,621 | -78.5% |
| Trade receivables | 40 | €67,562 | - | -€67,562 | |
| Other amounts receivable | 41 | €3,337 | €15,277 | +€11,940 | +358% |
| Current investments | 50/53 | €100,696 | €100,948 | +€252 | +0.3% |
| Cash at bank and in hand | 54/58 | €94,625 | €152,451 | +€57,827 | +61.1% |
| Deferred charges and accrued income | 490/1 | €2,130 | €1,974 | -€156 | -7.3% |
| Total equity and liabilities | 10/49 | €268,350 | €270,650 | +€2,301 | +0.9% |
| Equity | 10/15 | €199,889 | €180,549 | -€19,340 | -9.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,111 | -€39,451 | -€19,340 | -96.2% |
| Amounts payable | 17/49 | €68,460 | €90,101 | +€21,641 | +31.6% |
| Amounts payable within one year | 42/48 | €50,791 | €77,360 | +€26,568 | +52.3% |
| Trade debts | 44 | €12,067 | €16,485 | +€4,418 | +36.6% |
| Suppliers | 440/4 | €12,067 | €16,485 | +€4,418 | +36.6% |
| Taxes, remuneration and social security | 45 | €9,105 | - | -€9,105 | |
| Taxes | 450/3 | €9,105 | - | -€9,105 | |
| Other amounts payable | 47/48 | €29,620 | €60,875 | +€31,256 | +106% |
| Accrued charges and deferred income | 492/3 | €17,669 | €12,741 | -€4,927 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769 | - | -€769 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,997 | -€14,398 | -€10,402 | -260% |
| Operating profit (loss) | 9901 | -€5,153 | -€14,798 | -€9,645 | -187% |
| Financial income | 75/76B | €503 | €361 | -€143 | -28.4% |
| Recurring financial income | 75 | €503 | €361 | -€143 | -28.4% |
| Financial charges | 65/66B | €6,633 | €4,941 | -€1,692 | -25.5% |
| Recurring financial charges | 65 | €6,633 | €4,941 | -€1,692 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,282 | -€19,379 | -€8,096 | -71.8% |
| Income taxes | 67/77 | €151 | -€39 | -€190 | |
| Profit (loss) for the period | 9904 | -€11,433 | -€19,340 | -€7,907 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,433 | -€19,340 | -€7,907 | -69.2% |
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 15 October 2026 via checked.be.