SITHO: 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.
SITHO
Largest movements
- Receivables within one year -€8,046
down €8,046 (-37.7%), from €21,344 to €13,298
of which Trade receivables: -€8,294
- Tangible fixed assets -€6,402
down €6,402 (-3.3%), from €192,305 to €185,904
of which Land and buildings: -€5,960
- Debts after one year -€10,097
down €10,097 (-10.5%), from €96,439 to €86,342
- Tax, wage and social debts -€3,496
down €3,496 (-22.0%), from €15,891 to €12,394
of which Taxes: -€4,949
- Gross operating margin -€4,921
down €4,921 (-6.7%), from €73,647 to €68,726
- Taxes -€1,092
down €1,092 (-43.7%), from €2,501 to €1,409
- Depreciation -€858
down €858 (-11.8%), from €7,259 to €6,402
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 | €218,991 | €206,995 | -€11,997 | -5.5% |
| Fixed assets | 21/28 | €192,305 | €185,904 | -€6,402 | -3.3% |
| Tangible fixed assets | 22/27 | €192,305 | €185,904 | -€6,402 | -3.3% |
| Land and buildings | 22 | €191,576 | €185,615 | -€5,960 | -3.1% |
| Furniture and vehicles | 24 | €730 | €288 | -€441 | -60.5% |
| Current assets | 29/58 | €26,686 | €21,091 | -€5,595 | -21.0% |
| Amounts receivable within one year | 40/41 | €21,344 | €13,298 | -€8,046 | -37.7% |
| Trade receivables | 40 | €14,294 | €6,000 | -€8,294 | -58.0% |
| Other amounts receivable | 41 | €7,049 | €7,298 | +€248 | +3.5% |
| Cash at bank and in hand | 54/58 | €3,609 | €5,153 | +€1,544 | +42.8% |
| Deferred charges and accrued income | 490/1 | €1,733 | €2,640 | +€907 | +52.3% |
| Total equity and liabilities | 10/49 | €218,991 | €206,995 | -€11,997 | -5.5% |
| Equity | 10/15 | €92,277 | €92,432 | +€155 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,077 | €86,232 | +€155 | +0.2% |
| Distributable reserves | 133 | €86,077 | €86,232 | +€155 | +0.2% |
| Amounts payable | 17/49 | €126,714 | €114,562 | -€12,152 | -9.6% |
| Amounts payable after more than one year | 17 | €96,439 | €86,342 | -€10,097 | -10.5% |
| Financial debts | 170/4 | €96,439 | €86,342 | -€10,097 | -10.5% |
| Amounts payable within one year | 42/48 | €30,275 | €26,912 | -€3,363 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €9,949 | €10,097 | +€147 | +1.5% |
| Trade debts | 44 | €4,435 | €4,421 | -€14 | -0.3% |
| Suppliers | 440/4 | €4,435 | €4,421 | -€14 | -0.3% |
| Taxes, remuneration and social security | 45 | €15,891 | €12,394 | -€3,496 | -22.0% |
| Taxes | 450/3 | €9,291 | €4,342 | -€4,949 | -53.3% |
| Remuneration and social security | 454/9 | €6,600 | €8,052 | +€1,452 | +22.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,308 | +€1,308 | |
| Non-recurring operating income | 76A | €2,363 | €0 | -€2,363 | -100.0% |
| Remuneration, social security and pensions | 62 | €56,032 | €56,353 | +€321 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,259 | €6,402 | -€858 | -11.8% |
| Other operating charges | 640/8 | €1,921 | €1,480 | -€441 | -23.0% |
| Gross operating margin | 9900 | €73,647 | €68,726 | -€4,921 | -6.7% |
| Operating profit (loss) | 9901 | €8,435 | €4,491 | -€3,943 | -46.8% |
| Financial income | 75/76B | €400 | €369 | -€31 | -7.8% |
| Recurring financial income | 75 | €400 | €369 | -€31 | -7.8% |
| Financial charges | 65/66B | €3,695 | €3,296 | -€399 | -10.8% |
| Recurring financial charges | 65 | €3,695 | €3,296 | -€399 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €5,140 | €1,564 | -€3,576 | -69.6% |
| Income taxes | 67/77 | €2,501 | €1,409 | -€1,092 | -43.7% |
| Profit (loss) for the period | 9904 | €2,638 | €155 | -€2,483 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,638 | €155 | -€2,483 | -94.1% |
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 2 October 2026 via checked.be.