Siteco: what changed
Two fiscal 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.
Siteco
Largest movements
- Receivables within one year +€194,659
up €194,659 (+115.6%), from €168,336 to €362,994
of which Trade receivables: +€220,286
- Stocks and contracts +€18,182
up €18,182 (+276.0%), from €6,588 to €24,771
- Tangible fixed assets +€14,602
up €14,602 (+7.2%), from €201,951 to €216,552
of which Plant, machinery and equipment: +€29,719
- Cash +€11,550
up €11,550 (+14.3%), from €80,845 to €92,395
mainly Net result for the year (+€284,363) and Depreciation (+€82,758)
- Reserves +€284,363
up €284,363 (+271.7%), from €104,656 to €389,019
- Debts after one year -€35,130
down €35,130 (-30.9%), from €113,743 to €78,614
- Tax, wage and social debts -€26,119
down €26,119 (-62.2%), from €42,019 to €15,899
of which Taxes: -€27,366
- Trade debts +€19,442
up €19,442 (+13.4%), from €145,241 to €164,683
- Gross operating margin +€293,840
up €293,840 (+116.3%), from €252,679 to €546,520
- Taxes +€92,604
up €92,604 (+277.6%), from €33,358 to €125,962
- Depreciation +€53,160
up €53,160 (+179.6%), from €29,598 to €82,758
- Staff costs -€42,842
down €42,842 (-49.4%), from €86,761 to €43,920
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €468,353 | €705,736 | +€237,383 | +50.7% |
| Fixed assets | 21/28 | €209,526 | €224,127 | +€14,602 | +7.0% |
| Tangible fixed assets | 22/27 | €201,951 | €216,552 | +€14,602 | +7.2% |
| Land and buildings | 22 | - | €5,704 | +€5,704 | |
| Plant, machinery and equipment | 23 | €72,325 | €102,043 | +€29,719 | +41.1% |
| Furniture and vehicles | 24 | €98,545 | €86,750 | -€11,795 | -12.0% |
| Leasing and similar rights | 25 | €31,081 | €22,056 | -€9,025 | -29.0% |
| Financial fixed assets | 28 | €7,575 | €7,575 | = | 0.0% |
| Current assets | 29/58 | €258,827 | €481,609 | +€222,782 | +86.1% |
| Stocks and contracts in progress | 3 | €6,588 | €24,771 | +€18,182 | +276.0% |
| Stocks | 30/36 | €6,588 | €24,771 | +€18,182 | +276.0% |
| Amounts receivable within one year | 40/41 | €168,336 | €362,994 | +€194,659 | +115.6% |
| Trade receivables | 40 | €124,214 | €344,500 | +€220,286 | +177.3% |
| Other amounts receivable | 41 | €44,121 | €18,494 | -€25,627 | -58.1% |
| Cash at bank and in hand | 54/58 | €80,845 | €92,395 | +€11,550 | +14.3% |
| Deferred charges and accrued income | 490/1 | €3,059 | €1,450 | -€1,609 | -52.6% |
| Total equity and liabilities | 10/49 | €468,353 | €705,736 | +€237,383 | +50.7% |
| Equity | 10/15 | €109,656 | €394,019 | +€284,363 | +259.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,656 | €389,019 | +€284,363 | +271.7% |
| Distributable reserves | 133 | €104,656 | €389,019 | +€284,363 | +271.7% |
| Amounts payable | 17/49 | €358,697 | €311,718 | -€46,979 | -13.1% |
| Amounts payable after more than one year | 17 | €113,743 | €78,614 | -€35,130 | -30.9% |
| Financial debts | 170/4 | €113,743 | €78,614 | -€35,130 | -30.9% |
| Amounts payable within one year | 42/48 | €244,332 | €233,104 | -€11,228 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €40,937 | €35,130 | -€5,808 | -14.2% |
| Trade debts | 44 | €145,241 | €164,683 | +€19,442 | +13.4% |
| Suppliers | 440/4 | €145,241 | €164,683 | +€19,442 | +13.4% |
| Taxes, remuneration and social security | 45 | €42,019 | €15,899 | -€26,119 | -62.2% |
| Taxes | 450/3 | €33,692 | €6,326 | -€27,366 | -81.2% |
| Remuneration and social security | 454/9 | €8,327 | €9,573 | +€1,246 | +15.0% |
| Other amounts payable | 47/48 | €16,135 | €17,392 | +€1,257 | +7.8% |
| Accrued charges and deferred income | 492/3 | €622 | - | -€622 | |
| Remuneration, social security and pensions | 62 | €86,761 | €43,920 | -€42,842 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,598 | €82,758 | +€53,160 | +179.6% |
| Other operating charges | 640/8 | €2,411 | €5,924 | +€3,513 | +145.7% |
| Non-recurring operating charges | 66A | €9,971 | - | -€9,971 | |
| Gross operating margin | 9900 | €252,679 | €546,520 | +€293,840 | +116.3% |
| Operating profit (loss) | 9901 | €123,938 | €413,919 | +€289,980 | +234.0% |
| Financial income | 75/76B | €894 | €2,135 | +€1,241 | +138.8% |
| Recurring financial income | 75 | €894 | €2,135 | +€1,241 | +138.8% |
| Financial charges | 65/66B | €3,959 | €5,729 | +€1,770 | +44.7% |
| Recurring financial charges | 65 | €3,959 | €5,729 | +€1,770 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €120,874 | €410,325 | +€289,451 | +239.5% |
| Income taxes | 67/77 | €33,358 | €125,962 | +€92,604 | +277.6% |
| Profit (loss) for the period | 9904 | €87,516 | €284,363 | +€196,847 | +224.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,516 | €284,363 | +€196,847 | +224.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.