SiteManager: 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.
What changed
SiteManager
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€15,158
2024 · -€159,419+€174,577
Equity
€409,412
2024 · -€842,446+€1.3m
Cash
€122,907
2024 · €119,407+€3,500
Balance sheet total
€1.2m
2024 · €560,837+€676,431
Largest movements
Assets
- Financial fixed assets +€688,361
new in 2025: €688,361
- Intangible fixed assets -€80,119
down €80,119 (-25.1%), from €319,250 to €239,131
- Receivables within one year +€36,121
up €36,121 (+38.7%), from €93,320 to €129,441
of which Trade receivables: +€35,790
- Receivables after one year +€25,000
new in 2025: €25,000
Equity and liabilities
- Profit (loss) carried forward +€1.0m
up €1.0m (+87.4%), from -€1.1m to -€144,262
- Current portion of long-term debt -€749,867
down €749,867 (-87.7%), from €854,827 to €104,960
- Contributions +€250,027
up €250,027 (+82.3%), from €303,647 to €553,674
of which Outside capital: +€459,520
- Debts after one year +€160,138
up €160,138 (+74.5%), from €214,871 to €375,008
- Other debts +€159,990
up €159,990 (+64736.5%), from €247 to €160,237
Income statement
- Staff costs -€88,085
down €88,085 (-17.2%), from €510,847 to €422,763
- Gross operating margin +€50,854
up €50,854 (+7.8%), from €655,136 to €705,990
- Financial charges -€18,279
down €18,279 (-22.9%), from €79,977 to €61,697
- Depreciation -€14,920
down €14,920 (-6.5%), from €230,104 to €215,184
- Financial income +€8,433
up €8,433 (+2122.2%), from €397 to €8,830
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.
Result 2024
-€159,419
Gross operating margin
+€50,854
Staff costs
+€88,085
Depreciation
+€14,920
Write-downs
-€806
Other operating charges
+€511
Other operating items
-€909
Financial income
+€8,433
Financial charges
+€18,279
Taxes
-€4,791
Result 2025
€15,158
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.
From operations
+€183,268
Investment
-€825,156
Financing
+€645,387
Cash 2024
€119,407
From operations (derived)
+€183,268
Net result for the year
+€15,158
Depreciation
+€215,184
Receivables after one year
-€25,000
Receivables within one year
-€36,121
Smaller working-capital items
+€11
Trade debts
-€43,536
Other debts
+€159,990
Accrued charges and deferred income
-€102,417
Investment (derived)
-€825,156
Investment in fixed assets (net)
-€825,156
Financing
+€645,387
Debts after one year
+€160,138
Current portion of long-term debt
-€749,867
Short-term financial debts
-€1,584
Contributions, distributions and other
+€1.2m
Cash 2025
€122,907
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €560,837 | €1,237,268 | +€676,431 | +120.6% |
| Formation expenses | 20 | €16,600 | €20,566 | +€3,966 | +23.9% |
| Fixed assets | 21/28 | €323,781 | €929,786 | +€606,006 | +187.2% |
| Intangible fixed assets | 21 | €319,250 | €239,131 | -€80,119 | -25.1% |
| Tangible fixed assets | 22/27 | €4,531 | €2,295 | -€2,236 | -49.4% |
| Furniture and vehicles | 24 | €4,531 | €2,295 | -€2,236 | -49.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | - | €688,361 | +€688,361 | |
| Current assets | 29/58 | €220,456 | €286,916 | +€66,459 | +30.1% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €93,320 | €129,441 | +€36,121 | +38.7% |
| Trade receivables | 40 | €67,490 | €103,280 | +€35,790 | +53.0% |
| Other amounts receivable | 41 | €25,830 | €26,161 | +€331 | +1.3% |
| Cash at bank and in hand | 54/58 | €119,407 | €122,907 | +€3,500 | +2.9% |
| Deferred charges and accrued income | 490/1 | €7,729 | €9,567 | +€1,838 | +23.8% |
| Total equity and liabilities | 10/49 | €560,837 | €1,237,268 | +€676,431 | +120.6% |
| Equity | 10/15 | -€842,446 | €409,412 | +€1.3m | |
| Contributions | 10/11 | €303,647 | €553,674 | +€250,027 | +82.3% |
| Capital | 10 | €303,647 | €94,155 | -€209,492 | -69.0% |
| Issued capital | 100 | €315,997 | €106,505 | -€209,492 | -66.3% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Outside capital | 11 | - | €459,520 | +€459,520 | |
| Share premium | 1100/10 | - | €459,520 | +€459,520 | |
| Profit (loss) carried forward | 14 | -€1,146,093 | -€144,262 | +€1.0m | +87.4% |
| Amounts payable | 17/49 | €1,403,283 | €827,855 | -€575,427 | -41.0% |
| Amounts payable after more than one year | 17 | €214,871 | €375,008 | +€160,138 | +74.5% |
| Financial debts | 170/4 | €214,871 | €375,008 | +€160,138 | +74.5% |
| Amounts payable within one year | 42/48 | €1,085,958 | €452,810 | -€633,148 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €854,827 | €104,960 | -€749,867 | -87.7% |
| Financial debts | 43 | €32,717 | €31,133 | -€1,584 | -4.8% |
| Credit institutions | 430/8 | €32,717 | €31,133 | -€1,584 | -4.8% |
| Trade debts | 44 | €87,499 | €43,962 | -€43,536 | -49.8% |
| Suppliers | 440/4 | €87,499 | €43,962 | -€43,536 | -49.8% |
| Taxes, remuneration and social security | 45 | €110,668 | €112,517 | +€1,849 | +1.7% |
| Taxes | 450/3 | €17,742 | €31,112 | +€13,371 | +75.4% |
| Remuneration and social security | 454/9 | €92,926 | €81,405 | -€11,522 | -12.4% |
| Other amounts payable | 47/48 | €247 | €160,237 | +€159,990 | +64736.5% |
| Accrued charges and deferred income | 492/3 | €102,454 | €37 | -€102,417 | -100.0% |
| Non-recurring operating income | 76A | €4,591 | €0 | -€4,591 | -100.0% |
| Remuneration, social security and pensions | 62 | €510,847 | €422,763 | -€88,085 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,104 | €215,184 | -€14,920 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,470 | €2,275 | +€806 | +54.8% |
| Other operating charges | 640/8 | €1,883 | €1,372 | -€511 | -27.1% |
| Non-recurring operating charges | 66A | - | €909 | +€909 | |
| Gross operating margin | 9900 | €655,136 | €705,990 | +€50,854 | +7.8% |
| Operating profit (loss) | 9901 | -€89,169 | €63,487 | +€152,656 | |
| Financial income | 75/76B | €397 | €8,830 | +€8,433 | +2122.2% |
| Recurring financial income | 75 | €397 | €8,830 | +€8,433 | +2122.2% |
| Financial charges | 65/66B | €79,977 | €61,697 | -€18,279 | -22.9% |
| Recurring financial charges | 65 | €79,977 | €61,697 | -€18,279 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€168,748 | €10,620 | +€179,368 | |
| Income taxes | 67/77 | -€9,329 | -€4,538 | +€4,791 | +51.4% |
| Profit (loss) for the period | 9904 | -€159,419 | €15,158 | +€174,577 | |
| Profit (loss) for the period to be appropriated | 9905 | -€159,419 | €15,158 | +€174,577 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.