SITIS: 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.
SITIS
Largest movements
- Receivables within one year -€49,174
down €49,174 (-13.5%), from €364,293 to €315,119
of which Trade receivables: -€47,443
- Deferred charges and accrued income +€28,691
up €28,691 (+1321.1%), from €2,172 to €30,863
- Tangible fixed assets +€21,121
up €21,121 (+14.8%), from €143,067 to €164,188
of which Furniture and vehicles: +€29,753
- Debts after one year +€26,769
up €26,769 (+5.0%), from €534,271 to €561,040
of which Financial debts: +€26,769
- Accrued charges and deferred income -€20,152
down €20,152 (-100.0%), from €20,152 to €0
- Trade debts -€16,084
down €16,084 (-5.6%), from €288,553 to €272,469
- Current portion of long-term debt +€10,212
new in 2025: €10,212
- Gross operating margin +€62,804
up €62,804 (+32.8%), from €191,576 to €254,380
- Staff costs +€52,217
up €52,217 (+44.3%), from €117,779 to €169,997
- Taxes +€14,191
up €14,191 (+597.7%), from €2,374 to €16,565
- Depreciation +€8,052
up €8,052 (+37.0%), from €21,758 to €29,810
- Write-downs -€6,851
down €6,851 (-34.9%), from €19,649 to €12,797
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 | €959,807 | €962,028 | +€2,220 | +0.2% |
| Fixed assets | 21/28 | €145,611 | €166,731 | +€21,121 | +14.5% |
| Tangible fixed assets | 22/27 | €143,067 | €164,188 | +€21,121 | +14.8% |
| Land and buildings | 22 | €129,476 | €109,362 | -€20,114 | -15.5% |
| Plant, machinery and equipment | 23 | €13,591 | €10,544 | -€3,047 | -22.4% |
| Furniture and vehicles | 24 | - | €29,753 | +€29,753 | |
| Leasing and similar rights | 25 | - | €14,529 | +€14,529 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €2,544 | €2,544 | = | 0.0% |
| Current assets | 29/58 | €814,197 | €795,296 | -€18,900 | -2.3% |
| Stocks and contracts in progress | 3 | €354,038 | €360,870 | +€6,832 | +1.9% |
| Stocks | 30/36 | €354,038 | €360,870 | +€6,832 | +1.9% |
| Amounts receivable within one year | 40/41 | €364,293 | €315,119 | -€49,174 | -13.5% |
| Trade receivables | 40 | €361,947 | €314,505 | -€47,443 | -13.1% |
| Other amounts receivable | 41 | €2,346 | €614 | -€1,731 | -73.8% |
| Cash at bank and in hand | 54/58 | €93,694 | €88,445 | -€5,249 | -5.6% |
| Deferred charges and accrued income | 490/1 | €2,172 | €30,863 | +€28,691 | +1321.1% |
| Total equity and liabilities | 10/49 | €959,807 | €962,028 | +€2,220 | +0.2% |
| Equity | 10/15 | €84,767 | €92,629 | +€7,862 | +9.3% |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Reserves | 13 | €66,859 | €66,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,859 | €11,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,859 | €11,859 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,685 | -€92,822 | +€7,862 | +7.8% |
| Amounts payable | 17/49 | €875,041 | €869,399 | -€5,642 | -0.6% |
| Amounts payable after more than one year | 17 | €534,271 | €561,040 | +€26,769 | +5.0% |
| Financial debts | 170/4 | - | €26,769 | +€26,769 | |
| Trade debts | 175 | €385,815 | €385,815 | = | 0.0% |
| Other amounts payable | 178/9 | €148,456 | €148,456 | = | 0.0% |
| Amounts payable within one year | 42/48 | €320,618 | €308,359 | -€12,259 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,212 | +€10,212 | |
| Trade debts | 44 | €288,553 | €272,469 | -€16,084 | -5.6% |
| Suppliers | 440/4 | €288,553 | €272,469 | -€16,084 | -5.6% |
| Taxes, remuneration and social security | 45 | €32,065 | €25,678 | -€6,387 | -19.9% |
| Taxes | 450/3 | €26,053 | €12,457 | -€13,596 | -52.2% |
| Remuneration and social security | 454/9 | €6,012 | €13,221 | +€7,209 | +119.9% |
| Accrued charges and deferred income | 492/3 | €20,152 | €0 | -€20,152 | -100.0% |
| Remuneration, social security and pensions | 62 | €117,779 | €169,997 | +€52,217 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,758 | €29,810 | +€8,052 | +37.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,649 | €12,797 | -€6,851 | -34.9% |
| Other operating charges | 640/8 | €10,908 | €14,329 | +€3,421 | +31.4% |
| Gross operating margin | 9900 | €191,576 | €254,380 | +€62,804 | +32.8% |
| Operating profit (loss) | 9901 | €21,482 | €27,448 | +€5,965 | +27.8% |
| Financial income | 75/76B | €130 | €0 | -€130 | -100.0% |
| Recurring financial income | 75 | €130 | €0 | -€130 | -100.0% |
| Financial charges | 65/66B | €878 | €3,020 | +€2,142 | +244.1% |
| Recurring financial charges | 65 | €878 | €3,020 | +€2,142 | +244.1% |
| Profit (loss) for the period before taxes | 9903 | €20,735 | €24,427 | +€3,692 | +17.8% |
| Income taxes | 67/77 | €2,374 | €16,565 | +€14,191 | +597.7% |
| Profit (loss) for the period | 9904 | €18,361 | €7,862 | -€10,499 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,361 | €7,862 | -€10,499 | -57.2% |
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 6 October 2026 via checked.be.