SITEX LOGISTICS: 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.
SITEX LOGISTICS
Largest movements
- Cash +€57,236
up €57,236 (+14.6%), from €391,612 to €448,848
mainly Accrued charges and deferred income (+€118,406) and Receivables within one year (+€46,460)
- Receivables within one year -€46,460
down €46,460 (-7.4%), from €630,033 to €583,574
of which Other amounts receivable: -€44,934
- Formation expenses -€20,148
down €20,148 (-22.5%), from €89,422 to €69,275
- Accrued charges and deferred income +€118,406
new in 2025: €118,406
- Other debts -€79,909
down €79,909 (-99.9%), from €80,000 to €91
- Trade debts -€34,696
down €34,696 (-12.7%), from €272,597 to €237,900
- Tax, wage and social debts -€32,395
down €32,395 (-45.2%), from €71,745 to €39,350
of which Taxes: -€32,211
- Reserves +€20,000
up €20,000 (+6.9%), from €291,859 to €311,859
of which Distributable reserves: +€20,000
- Gross operating margin -€54,208
down €54,208 (-21.9%), from €247,621 to €193,413
- Taxes -€21,488
down €21,488 (-63.8%), from €33,688 to €12,200
- Staff costs +€15,685
up €15,685 (+12.9%), from €121,452 to €137,137
- Depreciation +€8,368
up €8,368 (+68.5%), from €12,216 to €20,584
- Write-downs -€5,262
no longer reported in 2025 (was €5,262)
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 | €1,129,249 | €1,122,807 | -€6,442 | -0.6% |
| Formation expenses | 20 | €89,422 | €69,275 | -€20,148 | -22.5% |
| Fixed assets | 21/28 | €2,168 | €5,097 | +€2,929 | +135.1% |
| Tangible fixed assets | 22/27 | €248 | €1,008 | +€760 | +306.1% |
| Furniture and vehicles | 24 | €248 | €1,008 | +€760 | +306.1% |
| Financial fixed assets | 28 | €1,920 | €4,089 | +€2,169 | +113.0% |
| Current assets | 29/58 | €1,037,658 | €1,048,435 | +€10,777 | +1.0% |
| Amounts receivable within one year | 40/41 | €630,033 | €583,574 | -€46,460 | -7.4% |
| Trade receivables | 40 | €523,913 | €522,387 | -€1,526 | -0.3% |
| Other amounts receivable | 41 | €106,121 | €61,187 | -€44,934 | -42.3% |
| Cash at bank and in hand | 54/58 | €391,612 | €448,848 | +€57,236 | +14.6% |
| Deferred charges and accrued income | 490/1 | €16,013 | €16,013 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,129,249 | €1,122,807 | -€6,442 | -0.6% |
| Equity | 10/15 | €704,907 | €727,060 | +€22,152 | +3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €291,859 | €311,859 | +€20,000 | +6.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €290,000 | €310,000 | +€20,000 | +6.9% |
| Profit (loss) carried forward | 14 | €394,456 | €396,608 | +€2,152 | +0.5% |
| Amounts payable | 17/49 | €424,342 | €395,748 | -€28,594 | -6.7% |
| Amounts payable within one year | 42/48 | €424,342 | €277,341 | -€147,001 | -34.6% |
| Trade debts | 44 | €272,597 | €237,900 | -€34,696 | -12.7% |
| Suppliers | 440/4 | €272,597 | €237,900 | -€34,696 | -12.7% |
| Taxes, remuneration and social security | 45 | €71,745 | €39,350 | -€32,395 | -45.2% |
| Taxes | 450/3 | €58,169 | €25,958 | -€32,211 | -55.4% |
| Remuneration and social security | 454/9 | €13,576 | €13,392 | -€185 | -1.4% |
| Other amounts payable | 47/48 | €80,000 | €91 | -€79,909 | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €118,406 | +€118,406 | |
| Remuneration, social security and pensions | 62 | €121,452 | €137,137 | +€15,685 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,216 | €20,584 | +€8,368 | +68.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,262 | - | -€5,262 | |
| Other operating charges | 640/8 | €2,603 | €1,828 | -€775 | -29.8% |
| Gross operating margin | 9900 | €247,621 | €193,413 | -€54,208 | -21.9% |
| Operating profit (loss) | 9901 | €106,089 | €33,864 | -€72,225 | -68.1% |
| Financial income | 75/76B | €6,916 | €5,684 | -€1,232 | -17.8% |
| Recurring financial income | 75 | €6,916 | €5,684 | -€1,232 | -17.8% |
| Financial charges | 65/66B | €5,483 | €5,195 | -€288 | -5.3% |
| Recurring financial charges | 65 | €5,483 | €5,195 | -€288 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €107,521 | €34,352 | -€73,169 | -68.1% |
| Income taxes | 67/77 | €33,688 | €12,200 | -€21,488 | -63.8% |
| Profit (loss) for the period | 9904 | €73,834 | €22,152 | -€51,681 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,834 | €22,152 | -€51,681 | -70.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.