SITI MANAGEMENT: 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.
SITI MANAGEMENT
Largest movements
- Receivables within one year -€27,662
down €27,662 (-99.7%), from €27,749 to €87
- Cash -€4,113
down €4,113 (-11.6%), from €35,434 to €31,321
mainly Trade debts (-€21,053) and Net result for the year (-€10,238)
- Tangible fixed assets +€2,187
up €2,187 (+101%), from €2,167 to €4,354
- Trade debts -€21,053
down €21,053 (-65.1%), from €32,349 to €11,296
- Profit (loss) carried forward -€10,238
down €10,238 (-18.8%), from -€54,424 to -€64,662
- Other debts +€897
up €897 (+3.1%), from €28,499 to €29,396
- Tax, wage and social debts +€806
up €806 (+6.0%), from €13,541 to €14,347
of which Taxes: +€756
- Gross operating margin -€19,223
down €19,223, from €11,809 to -€7,414
- Depreciation +€593
up €593 (+43.0%), from €1,380 to €1,973
- Other operating charges -€281
down €281 (-29.0%), from €966 to €685
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.
Derived cash bridge
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 | €65,350 | €35,762 | -€29,588 | -45.3% |
| Fixed assets | 21/28 | €2,167 | €4,354 | +€2,187 | +101% |
| Tangible fixed assets | 22/27 | €2,167 | €4,354 | +€2,187 | +101% |
| Furniture and vehicles | 24 | €2,167 | €4,354 | +€2,187 | +101% |
| Current assets | 29/58 | €63,183 | €31,408 | -€31,775 | -50.3% |
| Amounts receivable within one year | 40/41 | €27,749 | €87 | -€27,662 | -99.7% |
| Trade receivables | 40 | €27,749 | €87 | -€27,662 | -99.7% |
| Cash at bank and in hand | 54/58 | €35,434 | €31,321 | -€4,113 | -11.6% |
| Total equity and liabilities | 10/49 | €65,350 | €35,762 | -€29,588 | -45.3% |
| Equity | 10/15 | -€9,039 | -€19,277 | -€10,238 | -113% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,185 | €39,185 | = | 0.0% |
| Distributable reserves | 133 | €39,185 | €39,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,424 | -€64,662 | -€10,238 | -18.8% |
| Amounts payable | 17/49 | €74,389 | €55,039 | -€19,350 | -26.0% |
| Amounts payable within one year | 42/48 | €74,389 | €55,039 | -€19,350 | -26.0% |
| Trade debts | 44 | €32,349 | €11,296 | -€21,053 | -65.1% |
| Suppliers | 440/4 | €32,349 | €11,296 | -€21,053 | -65.1% |
| Taxes, remuneration and social security | 45 | €13,541 | €14,347 | +€806 | +6.0% |
| Taxes | 450/3 | €8,621 | €9,378 | +€756 | +8.8% |
| Remuneration and social security | 454/9 | €4,920 | €4,969 | +€50 | +1.0% |
| Other amounts payable | 47/48 | €28,499 | €29,396 | +€897 | +3.1% |
| Non-recurring operating income | 76A | €5,930 | €0 | -€5,930 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,380 | €1,973 | +€593 | +43.0% |
| Other operating charges | 640/8 | €966 | €685 | -€281 | -29.0% |
| Gross operating margin | 9900 | €11,809 | -€7,414 | -€19,223 | |
| Operating profit (loss) | 9901 | €9,463 | -€10,072 | -€19,535 | |
| Financial charges | 65/66B | €153 | €166 | +€13 | +8.5% |
| Recurring financial charges | 65 | €153 | €166 | +€13 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €9,310 | -€10,238 | -€19,548 | |
| Profit (loss) for the period | 9904 | €9,310 | -€10,238 | -€19,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,310 | -€10,238 | -€19,548 |
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 20 October 2026 via checked.be.