SITECORE BELGIUM: what changed
What changed
SITECORE BELGIUM
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€4.6m
2024 · €4.4m+€188,712
Equity
€7.8m
2024 · €11.2m-€3.4m
Cash
€586,846
2024 · €366,651+€220,195
Balance sheet total
€14.6m
2024 · €18.4m-€3.8m
Largest movements
Assets
- Receivables within one year -€3.9m
down €3.9m (-21.9%), from €17.6m to €13.7m
of which Other amounts receivable: -€3.5m
- Cash +€220,195
up €220,195 (+60.1%), from €366,651 to €586,846
mainly Net result for the year (+€4.6m) and Receivables within one year (+€3.9m)
Equity and liabilities
- Profit (loss) carried forward -€3.4m
down €3.4m (-38.2%), from €9.0m to €5.5m
- Trade debts -€443,808
down €443,808 (-63.6%), from €697,890 to €254,082
- Tax, wage and social debts +€375,787
up €375,787 (+9.4%), from €4.0m to €4.4m
of which Taxes: +€189,702
- Accrued charges and deferred income -€292,262
down €292,262 (-11.9%), from €2.5m to €2.2m
Income statement
- Other operating income -€593,148
down €593,148 (-3.4%), from €17.3m to €16.7m
- Staff costs -€567,318
down €567,318 (-4.6%), from €12.2m to €11.7m
- Services and other goods -€407,547
down €407,547 (-17.4%), from €2.3m to €1.9m
- Financial income -€311,683
down €311,683 (-30.0%), from €1.0m to €728,855
- Other operating charges +€137,202
up €137,202 (+3,161%), from €4,340 to €141,542
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4.4m
Turnover
-€21,569
Other operating income
-€593,148
Goods and materials
+€65,038
Services and other goods
+€407,547
Staff costs
+€567,318
Depreciation
+€35,573
Write-downs
+€87,827
Other operating charges
-€137,202
Other operating items
+€67,561
Financial income
-€311,683
Financial charges
+€19,327
Taxes
+€2,122
Result 2025
€4.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€8.2m
Investment
€0
Financing
-€8.0m
Cash 2024
€366,651
From operations (derived)
+€8.2m
Net result for the year
+€4.6m
Depreciation
+€148,504
Receivables within one year
+€3.9m
Deferred charges and accrued income
+€27,164
Provisions
+€12,374
Trade debts
-€443,808
Tax, wage and social debts
+€375,787
Other debts
-€25,265
Accrued charges and deferred income
-€292,262
Financing
-€8.0m
Contributions, distributions and other
-€8.0m
Cash 2025
€586,846
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,430,695 | €14,621,279 | -€3.8m | -20.7% |
| Fixed assets | 21/28 | €375,063 | €226,558 | -€148,504 | -39.6% |
| Tangible fixed assets | 22/27 | €375,063 | €226,558 | -€148,504 | -39.6% |
| Plant, machinery and equipment | 23 | €68,941 | €8,532 | -€60,409 | -87.6% |
| Furniture and vehicles | 24 | €38,664 | €22,558 | -€16,106 | -41.7% |
| Other tangible fixed assets | 26 | €267,458 | €195,468 | -€71,990 | -26.9% |
| Current assets | 29/58 | €18,055,633 | €14,394,721 | -€3.7m | -20.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €17,562,255 | €13,708,312 | -€3.9m | -21.9% |
| Trade receivables | 40 | €648,957 | €246,713 | -€402,244 | -62.0% |
| Other amounts receivable | 41 | €16,913,298 | €13,461,600 | -€3.5m | -20.4% |
| Cash at bank and in hand | 54/58 | €366,651 | €586,846 | +€220,195 | +60.1% |
| Deferred charges and accrued income | 490/1 | €126,727 | €99,563 | -€27,164 | -21.4% |
| Total equity and liabilities | 10/49 | €18,430,695 | €14,621,279 | -€3.8m | -20.7% |
| Equity | 10/15 | €11,219,020 | €7,782,777 | -€3.4m | -30.6% |
| Contributions | 10/11 | €1,857,273 | €1,857,273 | = | 0.0% |
| Capital | 10 | €1,857,273 | €1,857,273 | = | 0.0% |
| Issued capital | 100 | €1,857,273 | €1,857,273 | = | 0.0% |
| Reserves | 13 | €375,782 | €375,782 | = | 0.0% |
| Non-distributable reserves | 130/1 | €375,782 | €375,782 | = | 0.0% |
| Legal reserve | 130 | €375,782 | €375,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,985,965 | €5,549,722 | -€3.4m | -38.2% |
| Provisions and deferred taxes | 16 | €24,749 | €37,123 | +€12,374 | +50.0% |
| Provisions for liabilities and charges | 160/5 | €24,749 | €37,123 | +€12,374 | +50.0% |
| Major repairs and maintenance | 162 | €24,749 | €37,123 | +€12,374 | +50.0% |
| Amounts payable | 17/49 | €7,186,927 | €6,801,379 | -€385,548 | -5.4% |
| Amounts payable within one year | 42/48 | €4,735,426 | €4,642,139 | -€93,286 | -2.0% |
| Trade debts | 44 | €697,890 | €254,082 | -€443,808 | -63.6% |
| Suppliers | 440/4 | €697,890 | €254,082 | -€443,808 | -63.6% |
| Taxes, remuneration and social security | 45 | €4,009,774 | €4,385,561 | +€375,787 | +9.4% |
| Taxes | 450/3 | €2,412,353 | €2,602,055 | +€189,702 | +7.9% |
| Remuneration and social security | 454/9 | €1,597,421 | €1,783,506 | +€186,085 | +11.6% |
| Other amounts payable | 47/48 | €27,762 | €2,496 | -€25,265 | -91.0% |
| Accrued charges and deferred income | 492/3 | €2,451,501 | €2,159,239 | -€292,262 | -11.9% |
| Operating income | 70/76A | €20,386,372 | €19,771,655 | -€614,717 | -3.0% |
| Turnover | 70 | €3,100,604 | €3,079,035 | -€21,569 | -0.7% |
| Other operating income | 74 | €17,285,768 | €16,692,620 | -€593,148 | -3.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €15,181,419 | €14,087,755 | -€1.1m | -7.2% |
| Goods for resale, raw materials and consumables | 60 | €140,301 | €75,263 | -€65,038 | -46.4% |
| Purchases | 600/8 | €140,301 | €75,263 | -€65,038 | -46.4% |
| Services and other goods | 61 | €2,336,241 | €1,928,695 | -€407,547 | -17.4% |
| Remuneration, social security and pensions | 62 | €12,229,439 | €11,662,121 | -€567,318 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,078 | €148,504 | -€35,573 | -19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €207,083 | €119,256 | -€87,827 | -42.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,374 | €12,374 | = | 0.0% |
| Other operating charges | 640/8 | €4,340 | €141,542 | +€137,202 | +3,161% |
| Non-recurring operating charges | 66A | €67,561 | €0 | -€67,561 | -100% |
| Operating profit (loss) | 9901 | €5,204,953 | €5,683,900 | +€478,946 | +9.2% |
| Financial income | 75/76B | €1,040,539 | €728,855 | -€311,683 | -30.0% |
| Recurring financial income | 75 | €1,040,539 | €728,855 | -€311,683 | -30.0% |
| Income from current assets | 751 | €1,037,598 | €727,318 | -€310,280 | -29.9% |
| Other financial income | 752/9 | €2,941 | €1,537 | -€1,404 | -47.7% |
| Financial charges | 65/66B | €28,265 | €8,938 | -€19,327 | -68.4% |
| Recurring financial charges | 65 | €28,265 | €8,938 | -€19,327 | -68.4% |
| Debt charges | 650 | €28,252 | €6,676 | -€21,576 | -76.4% |
| Other financial charges | 652/9 | €12 | €2,262 | +€2,249 | +18,023% |
| Profit (loss) for the period before taxes | 9903 | €6,217,227 | €6,403,817 | +€186,590 | +3.0% |
| Income taxes | 67/77 | €1,842,182 | €1,840,059 | -€2,122 | -0.1% |
| Taxes | 670/3 | €1,842,182 | €1,846,129 | +€3,947 | +0.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,070 | +€6,070 | |
| Profit (loss) for the period | 9904 | €4,375,045 | €4,563,757 | +€188,712 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,375,045 | €4,563,757 | +€188,712 | +4.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.