SITHKA: 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
SITHKA
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€388
2025 · €642-€1,030
Equity
€163,443
2025 · €163,831-€388
Cash
€2,829
2025 · €4,355-€1,525
Balance sheet total
€614,089
2025 · €636,618-€22,529
Largest movements
Assets
- Tangible fixed assets -€21,004
down €21,004 (-3.3%), from €632,263 to €611,260
Equity and liabilities
- Debts after one year -€21,827
down €21,827 (-7.3%), from €300,025 to €278,198
Income statement
- Gross operating margin -€782
down €782 (-2.2%), from €35,469 to €34,686
From the 2025 result to the 2026 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 2025
€642
Gross operating margin
-€782
Other operating charges
-€168
Financial charges
-€79
Result 2026
-€388
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€20,143
Investment
€0
Financing
-€21,669
Cash 2025
€4,355
From operations (derived)
+€20,143
Net result for the year
-€388
Depreciation
+€21,004
Provisions
-€2,585
Tax, wage and social debts
-€465
Other debts
+€1,754
Accrued charges and deferred income
+€825
Financing
-€21,669
Debts after one year
-€21,827
Current portion of long-term debt
-€837
Short-term financial debts
+€996
Cash 2026
€2,829
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €636,618 | €614,089 | -€22,529 | -3.5% |
| Fixed assets | 21/28 | €632,263 | €611,260 | -€21,004 | -3.3% |
| Tangible fixed assets | 22/27 | €632,263 | €611,260 | -€21,004 | -3.3% |
| Land and buildings | 22 | €632,263 | €611,260 | -€21,004 | -3.3% |
| Current assets | 29/58 | €4,355 | €2,829 | -€1,525 | -35.0% |
| Cash at bank and in hand | 54/58 | €4,355 | €2,829 | -€1,525 | -35.0% |
| Total equity and liabilities | 10/49 | €636,618 | €614,089 | -€22,529 | -3.5% |
| Equity | 10/15 | €163,831 | €163,443 | -€388 | -0.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €110,642 | €106,764 | -€3,878 | -3.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €98,245 | €94,367 | -€3,878 | -3.9% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,785 | -€5,295 | +€3,490 | +39.7% |
| Provisions and deferred taxes | 16 | €65,497 | €62,911 | -€2,585 | -3.9% |
| Deferred taxes | 168 | €65,497 | €62,911 | -€2,585 | -3.9% |
| Amounts payable | 17/49 | €407,290 | €387,735 | -€19,555 | -4.8% |
| Amounts payable after more than one year | 17 | €300,025 | €278,198 | -€21,827 | -7.3% |
| Financial debts | 170/4 | €300,025 | €278,198 | -€21,827 | -7.3% |
| Amounts payable within one year | 42/48 | €107,265 | €108,712 | +€1,447 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €21,400 | €20,563 | -€837 | -3.9% |
| Financial debts | 43 | - | €996 | +€996 | |
| Credit institutions | 430/8 | - | €996 | +€996 | |
| Taxes, remuneration and social security | 45 | €3,027 | €2,562 | -€465 | -15.4% |
| Taxes | 450/3 | €3,027 | €2,562 | -€465 | -15.4% |
| Other amounts payable | 47/48 | €82,837 | €84,591 | +€1,754 | +2.1% |
| Accrued charges and deferred income | 492/3 | - | €825 | +€825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,004 | €21,004 | = | 0.0% |
| Other operating charges | 640/8 | €5,418 | €5,586 | +€168 | +3.1% |
| Gross operating margin | 9900 | €35,469 | €34,686 | -€782 | -2.2% |
| Operating profit (loss) | 9901 | €9,047 | €8,096 | -€951 | -10.5% |
| Financial charges | 65/66B | €10,991 | €11,070 | +€79 | +0.7% |
| Recurring financial charges | 65 | €10,991 | €11,070 | +€79 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,944 | -€2,974 | -€1,030 | -53.0% |
| Transfer from deferred taxes | 780 | €2,585 | €2,585 | = | 0.0% |
| Profit (loss) for the period | 9904 | €642 | -€388 | -€1,030 | |
| Transfer from tax-exempt reserves | 789 | €3,878 | €3,878 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,520 | €3,490 | -€1,030 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.