Siteworx: 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.
Siteworx
Largest movements
- Cash +€47,615
up €47,615 (+22.3%), from €213,285 to €260,900
mainly Net result for the year (+€91,052) and Tax, wage and social debts (+€9,371)
- Reserves +€27,902
up €27,902 (+11.4%), from €243,864 to €271,766
of which Distributable reserves: +€27,902
- Tax, wage and social debts +€9,371
up €9,371 (+21.4%), from €43,799 to €53,171
of which Remuneration and social security: +€6,294
- Trade debts +€8,371
up €8,371 (+148.7%), from €5,629 to €14,000
- Gross operating margin +€62,283
up €62,283 (+88.4%), from €70,474 to €132,757
- Taxes +€17,659
up €17,659 (+87.6%), from €20,160 to €37,818
- Financial charges +€2,697
up €2,697 (+386.3%), from €698 to €3,396
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 | €294,792 | €340,437 | +€45,645 | +15.5% |
| Fixed assets | 21/28 | €4,817 | €4,223 | -€595 | -12.3% |
| Tangible fixed assets | 22/27 | €1,867 | €1,273 | -€595 | -31.8% |
| Plant, machinery and equipment | 23 | €221 | €0 | -€221 | -100.0% |
| Furniture and vehicles | 24 | €1,646 | €1,273 | -€373 | -22.7% |
| Financial fixed assets | 28 | €2,950 | €2,950 | = | 0.0% |
| Current assets | 29/58 | €289,974 | €336,214 | +€46,240 | +15.9% |
| Amounts receivable within one year | 40/41 | €75,226 | €73,723 | -€1,503 | -2.0% |
| Trade receivables | 40 | €33,658 | €38,399 | +€4,742 | +14.1% |
| Other amounts receivable | 41 | €41,569 | €35,324 | -€6,244 | -15.0% |
| Cash at bank and in hand | 54/58 | €213,285 | €260,900 | +€47,615 | +22.3% |
| Deferred charges and accrued income | 490/1 | €1,463 | €1,591 | +€128 | +8.7% |
| Total equity and liabilities | 10/49 | €294,792 | €340,437 | +€45,645 | +15.5% |
| Equity | 10/15 | €245,364 | €273,266 | +€27,902 | +11.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €243,864 | €271,766 | +€27,902 | +11.4% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Tax-exempt reserves | 132 | €155 | €155 | = | 0.0% |
| Distributable reserves | 133 | €243,559 | €271,461 | +€27,902 | +11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,428 | €67,171 | +€17,743 | +35.9% |
| Amounts payable within one year | 42/48 | €49,428 | €67,171 | +€17,743 | +35.9% |
| Trade debts | 44 | €5,629 | €14,000 | +€8,371 | +148.7% |
| Suppliers | 440/4 | €5,629 | €14,000 | +€8,371 | +148.7% |
| Taxes, remuneration and social security | 45 | €43,799 | €53,171 | +€9,371 | +21.4% |
| Taxes | 450/3 | €43,799 | €46,876 | +€3,077 | +7.0% |
| Remuneration and social security | 454/9 | - | €6,294 | +€6,294 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €16,174 | +€16,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862 | €595 | -€267 | -31.0% |
| Other operating charges | 640/8 | €859 | €564 | -€295 | -34.3% |
| Gross operating margin | 9900 | €70,474 | €132,757 | +€62,283 | +88.4% |
| Operating profit (loss) | 9901 | €68,754 | €131,598 | +€62,845 | +91.4% |
| Financial income | 75/76B | €79 | €668 | +€589 | +749.8% |
| Recurring financial income | 75 | €79 | €668 | +€589 | +749.8% |
| Financial charges | 65/66B | €698 | €3,396 | +€2,697 | +386.3% |
| Recurring financial charges | 65 | €698 | €3,396 | +€2,697 | +386.3% |
| Profit (loss) for the period before taxes | 9903 | €68,134 | €128,871 | +€60,737 | +89.1% |
| Income taxes | 67/77 | €20,160 | €37,818 | +€17,659 | +87.6% |
| Profit (loss) for the period | 9904 | €47,974 | €91,052 | +€43,078 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,974 | €91,052 | +€43,078 | +89.8% |
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 8 October 2026 via checked.be.