Siteg: 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.
Siteg
Largest movements
- Receivables after one year +€65,812
new in 2025: €65,812
- Cash +€19,571
new in 2025: €19,571
mainly Net result for the year (+€62,227) and Trade debts (+€50,305)
- Tangible fixed assets +€6,199
up €6,199 (+192%), from €3,233 to €9,431
of which Plant, machinery and equipment: +€7,293
- Receivables within one year -€4,282
down €4,282 (-10.4%), from €41,222 to €36,940
of which Trade receivables: -€4,282
- Deferred charges and accrued income +€1,974
new in 2025: €1,974
- Profit (loss) carried forward +€62,227
up €62,227, from -€1,337 to €60,889
- Trade debts +€50,305
up €50,305 (+16,630%), from €303 to €50,608
- Tax, wage and social debts +€25,513
up €25,513 (+531%), from €4,801 to €30,313
- Debts after one year -€24,644
no longer reported in 2025 (was €24,644)
- Other debts -€12,500
down €12,500 (-93.2%), from €13,414 to €914
- Gross operating margin +€75,654
up €75,654 (+575%), from €13,147 to €88,800
- Taxes +€23,032
new in 2025: €23,032
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 | €63,450 | €152,724 | +€89,275 | +141% |
| Fixed assets | 21/28 | €3,233 | €9,431 | +€6,199 | +192% |
| Tangible fixed assets | 22/27 | €3,233 | €9,431 | +€6,199 | +192% |
| Plant, machinery and equipment | 23 | - | €7,293 | +€7,293 | |
| Furniture and vehicles | 24 | €3,233 | €2,138 | -€1,095 | -33.9% |
| Current assets | 29/58 | €60,217 | €143,293 | +€83,076 | +138% |
| Amounts receivable after more than one year | 29 | - | €65,812 | +€65,812 | |
| Other amounts receivable | 291 | - | €65,812 | +€65,812 | |
| Amounts receivable within one year | 40/41 | €41,222 | €36,940 | -€4,282 | -10.4% |
| Trade receivables | 40 | €37,132 | €32,851 | -€4,282 | -11.5% |
| Other amounts receivable | 41 | €4,089 | €4,089 | = | 0.0% |
| Current investments | 50/53 | €18,995 | €18,995 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €19,571 | +€19,571 | |
| Deferred charges and accrued income | 490/1 | - | €1,974 | +€1,974 | |
| Total equity and liabilities | 10/49 | €63,450 | €152,724 | +€89,275 | +141% |
| Equity | 10/15 | €8,663 | €70,889 | +€62,227 | +718% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,337 | €60,889 | +€62,227 | |
| Amounts payable | 17/49 | €54,787 | €81,835 | +€27,048 | +49.4% |
| Amounts payable after more than one year | 17 | €24,644 | - | -€24,644 | |
| Financial debts | 170/4 | €24,644 | - | -€24,644 | |
| Amounts payable within one year | 42/48 | €20,417 | €81,835 | +€61,419 | +301% |
| Current portion of amounts payable after more than one year | 42 | €1,899 | - | -€1,899 | |
| Trade debts | 44 | €303 | €50,608 | +€50,305 | +16,630% |
| Suppliers | 440/4 | €303 | €50,608 | +€50,305 | +16,630% |
| Taxes, remuneration and social security | 45 | €4,801 | €30,313 | +€25,513 | +531% |
| Taxes | 450/3 | €4,801 | €30,313 | +€25,513 | +531% |
| Other amounts payable | 47/48 | €13,414 | €914 | -€12,500 | -93.2% |
| Accrued charges and deferred income | 492/3 | €9,727 | - | -€9,727 | |
| Remuneration, social security and pensions | 62 | €73 | - | -€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €1,581 | +€486 | +44.4% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €13,147 | €88,800 | +€75,654 | +575% |
| Operating profit (loss) | 9901 | €11,917 | €87,158 | +€75,240 | +631% |
| Financial charges | 65/66B | €2,017 | €1,899 | -€118 | -5.8% |
| Recurring financial charges | 65 | €2,017 | €1,899 | -€118 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €9,900 | €85,258 | +€75,358 | +761% |
| Income taxes | 67/77 | - | €23,032 | +€23,032 | |
| Profit (loss) for the period | 9904 | €9,900 | €62,227 | +€52,327 | +529% |
| Profit (loss) for the period to be appropriated | 9905 | €9,900 | €62,227 | +€52,327 | +529% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.