SITEX: 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.
SITEX
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+816.2%), from €158,292 to €1.5m
of which Land and buildings: +€1.3m
- Cash +€94,291
up €94,291 (+210.2%), from €44,857 to €139,148
mainly Debts after one year (+€1.1m) and Other debts (+€148,654)
- Debts after one year +€1.1m
new in 2025: €1.1m
- Other debts +€148,654
up €148,654 (+59.6%), from €249,542 to €398,196
- Current portion of long-term debt +€55,181
new in 2025: €55,181
- Profit (loss) carried forward +€35,853
up €35,853 (+5.4%), from -€660,994 to -€625,141
- Tax, wage and social debts +€25,647
up €25,647 (+429.9%), from €5,966 to €31,613
- Gross operating margin +€154,507
up €154,507, from -€21,491 to €133,016
- Depreciation +€72,733
up €72,733 (+3648.7%), from €1,993 to €74,727
- Financial charges +€13,735
up €13,735 (+1147.3%), from €1,197 to €14,932
- Staff costs +€2,679
new in 2025: €2,679
- Other operating charges +€1,594
up €1,594 (+49.3%), from €3,232 to €4,826
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 | €233,000 | €1,619,679 | +€1.4m | +595.1% |
| Fixed assets | 21/28 | €158,292 | €1,450,235 | +€1.3m | +816.2% |
| Tangible fixed assets | 22/27 | €158,292 | €1,450,235 | +€1.3m | +816.2% |
| Land and buildings | 22 | €158,292 | €1,449,107 | +€1.3m | +815.5% |
| Furniture and vehicles | 24 | - | €1,128 | +€1,128 | |
| Current assets | 29/58 | €74,709 | €169,444 | +€94,735 | +126.8% |
| Amounts receivable within one year | 40/41 | €29,852 | €30,047 | +€195 | +0.7% |
| Trade receivables | 40 | €18 | €23,910 | +€23,893 | +136295.9% |
| Other amounts receivable | 41 | €29,834 | €6,137 | -€23,697 | -79.4% |
| Cash at bank and in hand | 54/58 | €44,857 | €139,148 | +€94,291 | +210.2% |
| Deferred charges and accrued income | 490/1 | €0 | €249 | +€249 | |
| Total equity and liabilities | 10/49 | €233,000 | €1,619,679 | +€1.4m | +595.1% |
| Equity | 10/15 | -€41,260 | -€5,407 | +€35,853 | +86.9% |
| Contributions | 10/11 | €619,734 | €619,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€660,994 | -€625,141 | +€35,853 | +5.4% |
| Amounts payable | 17/49 | €274,260 | €1,625,085 | +€1.4m | +492.5% |
| Amounts payable after more than one year | 17 | - | €1,118,580 | +€1.1m | |
| Financial debts | 170/4 | - | €1,118,580 | +€1.1m | |
| Amounts payable within one year | 42/48 | €269,030 | €501,275 | +€232,245 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | - | €55,181 | +€55,181 | |
| Trade debts | 44 | €13,523 | €16,286 | +€2,763 | +20.4% |
| Suppliers | 440/4 | €13,523 | €16,286 | +€2,763 | +20.4% |
| Taxes, remuneration and social security | 45 | €5,966 | €31,613 | +€25,647 | +429.9% |
| Taxes | 450/3 | €5,966 | €31,613 | +€25,647 | +429.9% |
| Other amounts payable | 47/48 | €249,542 | €398,196 | +€148,654 | +59.6% |
| Accrued charges and deferred income | 492/3 | €5,230 | €5,230 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €2,679 | +€2,679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,993 | €74,727 | +€72,733 | +3648.7% |
| Other operating charges | 640/8 | €3,232 | €4,826 | +€1,594 | +49.3% |
| Gross operating margin | 9900 | -€21,491 | €133,016 | +€154,507 | |
| Operating profit (loss) | 9901 | -€26,716 | €50,785 | +€77,501 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €1,197 | €14,932 | +€13,735 | +1147.3% |
| Recurring financial charges | 65 | €1,197 | €14,932 | +€13,735 | +1147.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,911 | €35,853 | +€63,765 | |
| Profit (loss) for the period | 9904 | -€27,911 | €35,853 | +€63,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,911 | €35,853 | +€63,765 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.