SITECH SOFTWARE SERVICES: 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.
SITECH SOFTWARE SERVICES
Largest movements
- Tangible fixed assets -€15,958
down €15,958 (-16.1%), from €99,325 to €83,367
of which Land and buildings: -€10,179
- Receivables within one year +€5,611
up €5,611 (+31.3%), from €17,932 to €23,543
of which Other amounts receivable: +€4,166
- Cash +€1,415
new in 2025: €1,415
mainly Depreciation (+€20,206) and Net result for the year (+€7,418)
- Debts after one year -€18,095
down €18,095 (-30.4%), from €59,551 to €41,456
- Profit (loss) carried forward +€4,366
no longer reported in 2025 (was -€4,366)
- Trade debts +€4,237
up €4,237 (+249%), from €1,700 to €5,937
- Short-term financial debts -€1,514
no longer reported in 2025 (was €1,514)
- Reserves +€1,386
up €1,386 (+3.9%), from €35,875 to €37,261
- Gross operating margin +€12,668
up €12,668 (+57.1%), from €22,168 to €34,836
- Taxes +€3,173
up €3,173 (+1,772%), from €179 to €3,352
- Financial income +€1,421
up €1,421 (+49.2%), from €2,892 to €4,313
of which Non-recurring financial income: +€1,398
- Financial charges -€851
down €851 (-15.2%), from €5,612 to €4,761
- Depreciation -€735
down €735 (-3.5%), from €20,941 to €20,206
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 | €121,606 | €113,134 | -€8,472 | -7.0% |
| Fixed assets | 21/28 | €99,325 | €83,367 | -€15,958 | -16.1% |
| Tangible fixed assets | 22/27 | €99,325 | €83,367 | -€15,958 | -16.1% |
| Land and buildings | 22 | €82,952 | €72,774 | -€10,179 | -12.3% |
| Plant, machinery and equipment | 23 | €2,928 | €2,487 | -€441 | -15.0% |
| Furniture and vehicles | 24 | €13,445 | €8,107 | -€5,339 | -39.7% |
| Current assets | 29/58 | €22,281 | €29,767 | +€7,486 | +33.6% |
| Stocks and contracts in progress | 3 | €2,118 | €2,207 | +€89 | +4.2% |
| Stocks | 30/36 | €2,118 | €2,207 | +€89 | +4.2% |
| Amounts receivable within one year | 40/41 | €17,932 | €23,543 | +€5,611 | +31.3% |
| Trade receivables | 40 | €17,932 | €19,377 | +€1,445 | +8.1% |
| Other amounts receivable | 41 | - | €4,166 | +€4,166 | |
| Cash at bank and in hand | 54/58 | - | €1,415 | +€1,415 | |
| Deferred charges and accrued income | 490/1 | €2,231 | €2,602 | +€371 | +16.6% |
| Total equity and liabilities | 10/49 | €121,606 | €113,134 | -€8,472 | -7.0% |
| Equity | 10/15 | €31,509 | €37,261 | +€5,752 | +18.3% |
| Reserves | 13 | €35,875 | €37,261 | +€1,386 | +3.9% |
| Distributable reserves | 133 | €35,875 | €37,261 | +€1,386 | +3.9% |
| Profit (loss) carried forward | 14 | -€4,366 | - | +€4,366 | |
| Amounts payable | 17/49 | €90,098 | €75,873 | -€14,224 | -15.8% |
| Amounts payable after more than one year | 17 | €59,551 | €41,456 | -€18,095 | -30.4% |
| Financial debts | 170/4 | €59,551 | €41,456 | -€18,095 | -30.4% |
| Amounts payable within one year | 42/48 | €30,096 | €34,417 | +€4,321 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €17,327 | €18,095 | +€768 | +4.4% |
| Financial debts | 43 | €1,514 | - | -€1,514 | |
| Credit institutions | 430/8 | €1,514 | - | -€1,514 | |
| Trade debts | 44 | €1,700 | €5,937 | +€4,237 | +249% |
| Suppliers | 440/4 | €1,700 | €5,937 | +€4,237 | +249% |
| Taxes, remuneration and social security | 45 | €8,152 | €8,720 | +€568 | +7.0% |
| Taxes | 450/3 | €8,152 | €8,720 | +€568 | +7.0% |
| Other amounts payable | 47/48 | €1,404 | €1,666 | +€262 | +18.7% |
| Accrued charges and deferred income | 492/3 | €451 | - | -€451 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,941 | €20,206 | -€735 | -3.5% |
| Other operating charges | 640/8 | €2,694 | €3,252 | +€558 | +20.7% |
| Non-recurring operating charges | 66A | - | €159 | +€159 | |
| Gross operating margin | 9900 | €22,168 | €34,836 | +€12,668 | +57.1% |
| Operating profit (loss) | 9901 | -€1,467 | €11,218 | +€12,686 | |
| Financial income | 75/76B | €2,892 | €4,313 | +€1,421 | +49.2% |
| Recurring financial income | 75 | €0 | €24 | +€24 | +39,350% |
| Non-recurring financial income | 76B | €2,892 | €4,290 | +€1,398 | +48.3% |
| Financial charges | 65/66B | €5,612 | €4,761 | -€851 | -15.2% |
| Recurring financial charges | 65 | €5,612 | €4,761 | -€851 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,187 | €10,771 | +€14,958 | |
| Income taxes | 67/77 | €179 | €3,352 | +€3,173 | +1,772% |
| Profit (loss) for the period | 9904 | -€4,366 | €7,418 | +€11,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,366 | €7,418 | +€11,785 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.