SITIFO: 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.
SITIFO
Largest movements
- Tangible fixed assets +€37,610
up €37,610 (+2942.8%), from €1,278 to €38,888
of which Furniture and vehicles: +€36,605
- Cash +€27,203
up €27,203 (+80.9%), from €33,644 to €60,847
mainly Net result for the year (+€42,622) and Receivables within one year (+€18,332)
- Receivables within one year -€18,332
down €18,332 (-48.3%), from €37,951 to €19,619
of which Trade receivables: -€25,851
- Reserves +€42,622
up €42,622 (+94.2%), from €45,256 to €87,878
- Tax, wage and social debts +€6,792
up €6,792 (+30.6%), from €22,171 to €28,963
of which Taxes: +€4,176
- Other debts -€1,895
down €1,895 (-79.1%), from €2,396 to €501
- Depreciation +€3,199
up €3,199 (+7362.9%), from €43 to €3,243
- Gross operating margin +€1,708
up €1,708 (+3.0%), from €57,039 to €58,747
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 | €72,873 | €119,955 | +€47,082 | +64.6% |
| Fixed assets | 21/28 | €1,278 | €38,888 | +€37,610 | +2942.8% |
| Tangible fixed assets | 22/27 | €1,278 | €38,888 | +€37,610 | +2942.8% |
| Plant, machinery and equipment | 23 | - | €1,005 | +€1,005 | |
| Furniture and vehicles | 24 | €1,278 | €37,883 | +€36,605 | +2864.2% |
| Current assets | 29/58 | €71,595 | €81,066 | +€9,472 | +13.2% |
| Amounts receivable within one year | 40/41 | €37,951 | €19,619 | -€18,332 | -48.3% |
| Trade receivables | 40 | €37,951 | €12,100 | -€25,851 | -68.1% |
| Other amounts receivable | 41 | - | €7,519 | +€7,519 | |
| Cash at bank and in hand | 54/58 | €33,644 | €60,847 | +€27,203 | +80.9% |
| Deferred charges and accrued income | 490/1 | - | €601 | +€601 | |
| Total equity and liabilities | 10/49 | €72,873 | €119,955 | +€47,082 | +64.6% |
| Equity | 10/15 | €47,756 | €90,378 | +€42,622 | +89.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,256 | €87,878 | +€42,622 | +94.2% |
| Distributable reserves | 133 | €45,256 | €87,878 | +€42,622 | +94.2% |
| Amounts payable | 17/49 | €25,117 | €29,576 | +€4,460 | +17.8% |
| Amounts payable within one year | 42/48 | €25,117 | €29,576 | +€4,460 | +17.8% |
| Trade debts | 44 | €550 | €113 | -€437 | -79.5% |
| Suppliers | 440/4 | €550 | €113 | -€437 | -79.5% |
| Taxes, remuneration and social security | 45 | €22,171 | €28,963 | +€6,792 | +30.6% |
| Taxes | 450/3 | €22,171 | €26,347 | +€4,176 | +18.8% |
| Remuneration and social security | 454/9 | - | €2,616 | +€2,616 | |
| Other amounts payable | 47/48 | €2,396 | €501 | -€1,895 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43 | €3,243 | +€3,199 | +7362.9% |
| Other operating charges | 640/8 | €387 | €953 | +€566 | +146.0% |
| Gross operating margin | 9900 | €57,039 | €58,747 | +€1,708 | +3.0% |
| Operating profit (loss) | 9901 | €56,608 | €54,552 | -€2,056 | -3.6% |
| Financial income | 75/76B | - | €109 | +€109 | |
| Recurring financial income | 75 | - | €109 | +€109 | |
| Financial charges | 65/66B | €2 | €150 | +€148 | +8891.6% |
| Recurring financial charges | 65 | €2 | €150 | +€148 | +8891.6% |
| Profit (loss) for the period before taxes | 9903 | €56,607 | €54,510 | -€2,096 | -3.7% |
| Income taxes | 67/77 | €11,351 | €11,888 | +€537 | +4.7% |
| Profit (loss) for the period | 9904 | €45,256 | €42,622 | -€2,634 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,256 | €42,622 | -€2,634 | -5.8% |
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 8 October 2026 via checked.be.