SITELEC: 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.
SITELEC
Largest movements
- Receivables within one year +€65,244
up €65,244 (+179.3%), from €36,386 to €101,629
of which Trade receivables: +€60,782
- Cash -€25,718
down €25,718 (-31.5%), from €81,683 to €55,965
mainly Receivables within one year (-€65,244) and Contributions, distributions and other (-€17,500)
- Tangible fixed assets -€16,459
down €16,459 (-30.5%), from €54,019 to €37,561
of which Leasing and similar rights: -€15,647
- Profit (loss) carried forward +€16,667
up €16,667 (+13.1%), from €127,505 to €144,172
- Other debts +€16,641
up €16,641 (+1937.3%), from €859 to €17,500
- Debts after one year -€11,283
down €11,283 (-46.6%), from €24,225 to €12,942
- Tax, wage and social debts +€3,272
up €3,272 (+390.5%), from €838 to €4,110
of which Taxes: +€3,231
- Trade debts -€2,823
down €2,823 (-35.5%), from €7,951 to €5,128
- Gross operating margin +€7,379
up €7,379 (+11.6%), from €63,455 to €70,833
- Staff costs -€4,092
down €4,092 (-36.4%), from €11,249 to €7,157
- Taxes +€3,552
up €3,552 (+57.5%), from €6,179 to €9,730
- Other operating charges -€1,423
down €1,423 (-57.3%), from €2,482 to €1,059
- Depreciation -€1,357
down €1,357 (-7.4%), from €18,235 to €16,879
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 | €174,633 | €197,136 | +€22,503 | +12.9% |
| Fixed assets | 21/28 | €55,519 | €39,061 | -€16,459 | -29.6% |
| Tangible fixed assets | 22/27 | €54,019 | €37,561 | -€16,459 | -30.5% |
| Plant, machinery and equipment | 23 | €545 | €239 | -€306 | -56.1% |
| Furniture and vehicles | 24 | €2,041 | €1,535 | -€506 | -24.8% |
| Leasing and similar rights | 25 | €51,434 | €35,787 | -€15,647 | -30.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €119,113 | €158,075 | +€38,962 | +32.7% |
| Amounts receivable within one year | 40/41 | €36,386 | €101,629 | +€65,244 | +179.3% |
| Trade receivables | 40 | €15,677 | €76,459 | +€60,782 | +387.7% |
| Other amounts receivable | 41 | €20,709 | €25,170 | +€4,462 | +21.5% |
| Cash at bank and in hand | 54/58 | €81,683 | €55,965 | -€25,718 | -31.5% |
| Deferred charges and accrued income | 490/1 | €1,045 | €481 | -€563 | -53.9% |
| Total equity and liabilities | 10/49 | €174,633 | €197,136 | +€22,503 | +12.9% |
| Equity | 10/15 | €129,505 | €146,172 | +€16,667 | +12.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,505 | €144,172 | +€16,667 | +13.1% |
| Amounts payable | 17/49 | €45,128 | €50,964 | +€5,836 | +12.9% |
| Amounts payable after more than one year | 17 | €24,225 | €12,942 | -€11,283 | -46.6% |
| Financial debts | 170/4 | €24,225 | €12,942 | -€11,283 | -46.6% |
| Amounts payable within one year | 42/48 | €20,903 | €38,022 | +€17,119 | +81.9% |
| Current portion of amounts payable after more than one year | 42 | €11,254 | €11,283 | +€29 | +0.3% |
| Trade debts | 44 | €7,951 | €5,128 | -€2,823 | -35.5% |
| Suppliers | 440/4 | €7,951 | €5,128 | -€2,823 | -35.5% |
| Taxes, remuneration and social security | 45 | €838 | €4,110 | +€3,272 | +390.5% |
| Taxes | 450/3 | - | €3,231 | +€3,231 | |
| Remuneration and social security | 454/9 | €838 | €879 | +€41 | +4.9% |
| Other amounts payable | 47/48 | €859 | €17,500 | +€16,641 | +1937.3% |
| Remuneration, social security and pensions | 62 | €11,249 | €7,157 | -€4,092 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,235 | €16,879 | -€1,357 | -7.4% |
| Other operating charges | 640/8 | €2,482 | €1,059 | -€1,423 | -57.3% |
| Gross operating margin | 9900 | €63,455 | €70,833 | +€7,379 | +11.6% |
| Operating profit (loss) | 9901 | €31,489 | €45,739 | +€14,250 | +45.3% |
| Financial income | 75/76B | €20 | €172 | +€152 | +748.4% |
| Recurring financial income | 75 | €20 | €172 | +€152 | +748.4% |
| Financial charges | 65/66B | €2,864 | €2,014 | -€850 | -29.7% |
| Recurring financial charges | 65 | €2,864 | €2,014 | -€850 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €28,645 | €43,898 | +€15,252 | +53.2% |
| Income taxes | 67/77 | €6,179 | €9,730 | +€3,552 | +57.5% |
| Profit (loss) for the period | 9904 | €22,467 | €34,167 | +€11,700 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,467 | €34,167 | +€11,700 | +52.1% |
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 7 October 2026 via checked.be.