SITIDEC: 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.
SITIDEC
Largest movements
- Current investments +€331,903
up €331,903 (+23.6%), from €1.4m to €1.7m
- Cash -€141,010
down €141,010 (-55.7%), from €253,280 to €112,270
mainly Current investments (-€331,903) and Contributions, distributions and other (-€160,400)
- Receivables within one year -€33,090
down €33,090 (-16.2%), from €204,108 to €171,018
of which Other amounts receivable: -€123,090
- Tangible fixed assets -€30,883
down €30,883 (-3.9%), from €794,031 to €763,148
of which Land and buildings: -€29,449
- Reserves +€305,000
up €305,000 (+14.3%), from €2.1m to €2.4m
- Other debts -€96,038
down €96,038 (-74.4%), from €129,025 to €32,987
- Debts after one year -€67,984
down €67,984 (-41.6%), from €163,321 to €95,337
- Gross operating margin -€250,383
down €250,383 (-26.6%), from €942,178 to €691,795
- Taxes -€78,770
down €78,770 (-27.8%), from €283,498 to €204,729
- Other operating charges -€18,452
down €18,452 (-78.2%), from €23,583 to €5,130
- Financial income +€17,696
up €17,696 (+125%), from €14,157 to €31,853
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 | €2,656,557 | €2,783,478 | +€126,921 | +4.8% |
| Fixed assets | 21/28 | €794,031 | €763,148 | -€30,883 | -3.9% |
| Tangible fixed assets | 22/27 | €794,031 | €763,148 | -€30,883 | -3.9% |
| Land and buildings | 22 | €791,518 | €762,069 | -€29,449 | -3.7% |
| Furniture and vehicles | 24 | €2,513 | €1,080 | -€1,434 | -57.0% |
| Current assets | 29/58 | €1,862,526 | €2,020,330 | +€157,804 | +8.5% |
| Amounts receivable within one year | 40/41 | €204,108 | €171,018 | -€33,090 | -16.2% |
| Trade receivables | 40 | €0 | €90,000 | +€90,000 | |
| Other amounts receivable | 41 | €204,108 | €81,018 | -€123,090 | -60.3% |
| Current investments | 50/53 | €1,405,138 | €1,737,042 | +€331,903 | +23.6% |
| Cash at bank and in hand | 54/58 | €253,280 | €112,270 | -€141,010 | -55.7% |
| Total equity and liabilities | 10/49 | €2,656,557 | €2,783,478 | +€126,921 | +4.8% |
| Equity | 10/15 | €2,157,278 | €2,462,092 | +€304,814 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,135,000 | €2,440,000 | +€305,000 | +14.3% |
| Distributable reserves | 133 | €2,135,000 | €2,440,000 | +€305,000 | +14.3% |
| Profit (loss) carried forward | 14 | €3,678 | €3,492 | -€186 | -5.1% |
| Amounts payable | 17/49 | €499,279 | €321,387 | -€177,892 | -35.6% |
| Amounts payable after more than one year | 17 | €163,321 | €95,337 | -€67,984 | -41.6% |
| Financial debts | 170/4 | €163,321 | €95,337 | -€67,984 | -41.6% |
| Amounts payable within one year | 42/48 | €335,958 | €226,050 | -€109,908 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €69,826 | €67,969 | -€1,858 | -2.7% |
| Trade debts | 44 | €52,880 | €54,172 | +€1,293 | +2.4% |
| Suppliers | 440/4 | €52,880 | €54,172 | +€1,293 | +2.4% |
| Taxes, remuneration and social security | 45 | €84,227 | €70,922 | -€13,305 | -15.8% |
| Taxes | 450/3 | €84,227 | €70,922 | -€13,305 | -15.8% |
| Other amounts payable | 47/48 | €129,025 | €32,987 | -€96,038 | -74.4% |
| Non-recurring operating income | 76A | €95,098 | €0 | -€95,098 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,191 | €36,409 | +€3,218 | +9.7% |
| Other operating charges | 640/8 | €23,583 | €5,130 | -€18,452 | -78.2% |
| Non-recurring operating charges | 66A | - | €982 | +€982 | |
| Gross operating margin | 9900 | €942,178 | €691,795 | -€250,383 | -26.6% |
| Operating profit (loss) | 9901 | €885,404 | €649,274 | -€236,131 | -26.7% |
| Financial income | 75/76B | €14,157 | €31,853 | +€17,696 | +125% |
| Recurring financial income | 75 | €14,157 | €31,853 | +€17,696 | +125% |
| Financial charges | 65/66B | €14,138 | €11,185 | -€2,953 | -20.9% |
| Recurring financial charges | 65 | €14,138 | €11,185 | -€2,953 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €885,423 | €669,942 | -€215,481 | -24.3% |
| Income taxes | 67/77 | €283,498 | €204,729 | -€78,770 | -27.8% |
| Profit (loss) for the period | 9904 | €601,925 | €465,214 | -€136,711 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €601,925 | €465,214 | -€136,711 | -22.7% |
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 14 October 2026 via checked.be.