SITL PARTNERS: 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.
SITL PARTNERS
Largest movements
- Receivables after one year -€612,535
down €612,535 (-38.6%), from €1.6m to €976,223
- Cash -€354,126
down €354,126 (-57.7%), from €613,460 to €259,334
mainly Debts after one year (-€647,106) and Trade debts (-€200,624)
- Deferred charges and accrued income -€64,152
no longer reported in 2025 (was €64,152)
- Debts after one year -€647,106
down €647,106 (-44.5%), from €1.5m to €807,926
- Trade debts -€200,624
down €200,624 (-89.3%), from €224,624 to €24,000
- Accrued charges and deferred income -€124,731
down €124,731 (-87.0%), from €143,341 to €18,610
- Other debts -€66,502
no longer reported in 2025 (was €66,502)
- Financial charges +€286,360
up €286,360 (+66.1%), from €433,268 to €719,628
- Gross operating margin +€179,299
up €179,299 (+65.0%), from -€275,672 to -€96,373
- Financial income +€97,358
up €97,358 (+13.4%), from €724,563 to €821,921
- Other operating charges +€5,171
up €5,171 (+534%), from €968 to €6,138
- Taxes -€4,410
down €4,410 (-99.8%), from €4,417 to €7
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 | €2,289,441 | €1,238,557 | -€1.1m | -45.9% |
| Current assets | 29/58 | €2,289,441 | €1,238,557 | -€1.1m | -45.9% |
| Amounts receivable after more than one year | 29 | €1,588,757 | €976,223 | -€612,535 | -38.6% |
| Other amounts receivable | 291 | €1,588,757 | €976,223 | -€612,535 | -38.6% |
| Amounts receivable within one year | 40/41 | €23,072 | €3,000 | -€20,072 | -87.0% |
| Other amounts receivable | 41 | €23,072 | €3,000 | -€20,072 | -87.0% |
| Cash at bank and in hand | 54/58 | €613,460 | €259,334 | -€354,126 | -57.7% |
| Deferred charges and accrued income | 490/1 | €64,152 | - | -€64,152 | |
| Total equity and liabilities | 10/49 | €2,289,441 | €1,238,557 | -€1.1m | -45.9% |
| Equity | 10/15 | €357,786 | €357,561 | -€225 | -0.1% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €339,786 | €339,561 | -€225 | -0.1% |
| Amounts payable | 17/49 | €1,931,655 | €880,995 | -€1.1m | -54.4% |
| Amounts payable after more than one year | 17 | €1,455,032 | €807,926 | -€647,106 | -44.5% |
| Other amounts payable | 178/9 | €1,455,032 | €807,926 | -€647,106 | -44.5% |
| Amounts payable within one year | 42/48 | €333,282 | €54,459 | -€278,822 | -83.7% |
| Trade debts | 44 | €224,624 | €24,000 | -€200,624 | -89.3% |
| Suppliers | 440/4 | €224,624 | €24,000 | -€200,624 | -89.3% |
| Taxes, remuneration and social security | 45 | €42,156 | €30,459 | -€11,697 | -27.7% |
| Taxes | 450/3 | €42,156 | €30,459 | -€11,697 | -27.7% |
| Other amounts payable | 47/48 | €66,502 | - | -€66,502 | |
| Accrued charges and deferred income | 492/3 | €143,341 | €18,610 | -€124,731 | -87.0% |
| Other operating charges | 640/8 | €968 | €6,138 | +€5,171 | +534% |
| Gross operating margin | 9900 | -€275,672 | -€96,373 | +€179,299 | +65.0% |
| Operating profit (loss) | 9901 | -€276,639 | -€102,511 | +€174,128 | +62.9% |
| Financial income | 75/76B | €724,563 | €821,921 | +€97,358 | +13.4% |
| Recurring financial income | 75 | €724,563 | €821,921 | +€97,358 | +13.4% |
| Financial charges | 65/66B | €433,268 | €719,628 | +€286,360 | +66.1% |
| Recurring financial charges | 65 | €433,268 | €719,628 | +€286,360 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €14,656 | -€218 | -€14,874 | |
| Income taxes | 67/77 | €4,417 | €7 | -€4,410 | -99.8% |
| Profit (loss) for the period | 9904 | €10,240 | -€225 | -€10,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,240 | -€225 | -€10,465 |
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 13 October 2026 via checked.be.