SiTeCon: 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.
SiTeCon
Largest movements
- Cash +€34,353
up €34,353 (+38.2%), from €90,034 to €124,387
mainly Net result for the year (+€59,657) and Depreciation (+€8,989)
- Tangible fixed assets -€6,549
down €6,549 (-40.5%), from €16,152 to €9,604
- Receivables within one year +€3,249
up €3,249 (+10.7%), from €30,279 to €33,528
of which Other amounts receivable: +€16,452
- Deferred charges and accrued income +€2,684
up €2,684 (+762.1%), from €352 to €3,036
- Profit (loss) carried forward +€59,657
up €59,657 (+66.1%), from €90,214 to €149,871
- Tax, wage and social debts -€16,702
down €16,702 (-74.7%), from €22,356 to €5,654
- Debts after one year -€8,007
no longer reported in 2025 (was €8,007)
- Trade debts -€2,590
down €2,590 (-53.1%), from €4,881 to €2,291
- Accrued charges and deferred income +€1,732
new in 2025: €1,732
No income-statement line moved by more than 1% of the activity.
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 | €136,818 | €170,555 | +€33,737 | +24.7% |
| Fixed assets | 21/28 | €16,152 | €9,604 | -€6,549 | -40.5% |
| Tangible fixed assets | 22/27 | €16,152 | €9,604 | -€6,549 | -40.5% |
| Furniture and vehicles | 24 | €16,152 | €9,604 | -€6,549 | -40.5% |
| Current assets | 29/58 | €120,665 | €160,951 | +€40,286 | +33.4% |
| Amounts receivable within one year | 40/41 | €30,279 | €33,528 | +€3,249 | +10.7% |
| Trade receivables | 40 | €19,656 | €6,454 | -€13,203 | -67.2% |
| Other amounts receivable | 41 | €10,623 | €27,075 | +€16,452 | +154.9% |
| Cash at bank and in hand | 54/58 | €90,034 | €124,387 | +€34,353 | +38.2% |
| Deferred charges and accrued income | 490/1 | €352 | €3,036 | +€2,684 | +762.1% |
| Total equity and liabilities | 10/49 | €136,818 | €170,555 | +€33,737 | +24.7% |
| Equity | 10/15 | €93,214 | €152,871 | +€59,657 | +64.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,214 | €149,871 | +€59,657 | +66.1% |
| Amounts payable | 17/49 | €43,604 | €17,684 | -€25,920 | -59.4% |
| Amounts payable after more than one year | 17 | €8,007 | - | -€8,007 | |
| Financial debts | 170/4 | €8,007 | - | -€8,007 | |
| Amounts payable within one year | 42/48 | €35,597 | €15,952 | -€19,645 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €8,359 | €8,007 | -€353 | -4.2% |
| Trade debts | 44 | €4,881 | €2,291 | -€2,590 | -53.1% |
| Suppliers | 440/4 | €4,881 | €2,291 | -€2,590 | -53.1% |
| Taxes, remuneration and social security | 45 | €22,356 | €5,654 | -€16,702 | -74.7% |
| Taxes | 450/3 | €22,356 | €5,654 | -€16,702 | -74.7% |
| Accrued charges and deferred income | 492/3 | - | €1,732 | +€1,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,708 | €8,989 | +€281 | +3.2% |
| Other operating charges | 640/8 | €53 | €351 | +€298 | +561.4% |
| Gross operating margin | 9900 | €85,886 | €85,910 | +€24 | 0.0% |
| Operating profit (loss) | 9901 | €77,125 | €76,570 | -€554 | -0.7% |
| Financial income | 75/76B | €614 | €1,167 | +€553 | +90.0% |
| Recurring financial income | 75 | €614 | €1,167 | +€553 | +90.0% |
| Financial charges | 65/66B | €1,201 | €793 | -€408 | -34.0% |
| Recurring financial charges | 65 | €1,201 | €793 | -€408 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €76,538 | €76,945 | +€406 | +0.5% |
| Income taxes | 67/77 | €16,686 | €17,287 | +€601 | +3.6% |
| Profit (loss) for the period | 9904 | €59,852 | €59,657 | -€195 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,852 | €59,657 | -€195 | -0.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.