SITNIKOVA: 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.
SITNIKOVA
Largest movements
- Receivables within one year +€51,532
up €51,532 (+332%), from €15,541 to €67,073
of which Trade receivables: +€32,431
- Cash -€32,224
down €32,224 (-53.1%), from €60,717 to €28,493
mainly Net result for the year (-€67,090) and Receivables within one year (-€51,532)
- Tangible fixed assets -€4,355
down €4,355 (-6.7%), from €64,900 to €60,545
of which Other tangible fixed assets: -€4,103
- Trade debts +€94,684
up €94,684 (+573%), from €16,524 to €111,208
- Profit (loss) carried forward -€67,090
down €67,090, from €27,138 to -€39,952
- Tax, wage and social debts -€15,065
down €15,065 (-77.1%), from €19,536 to €4,471
- Current portion of long-term debt +€9,423
up €9,423 (+135%), from €7,000 to €16,423
- Debts after one year -€7,000
down €7,000 (-16.7%), from €42,000 to €35,000
- Turnover -€291,132
no longer reported in 2025 (was €291,132)
- Purchases and services -€234,813
no longer reported in 2025 (was €234,813)
- Gross operating margin -€117,032
down €117,032, from €56,319 to -€60,713
- Taxes -€19,985
no longer reported in 2025 (was €19,985)
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 | €141,158 | €156,111 | +€14,952 | +10.6% |
| Fixed assets | 21/28 | €64,900 | €60,545 | -€4,355 | -6.7% |
| Tangible fixed assets | 22/27 | €64,900 | €60,545 | -€4,355 | -6.7% |
| Plant, machinery and equipment | 23 | €902 | €649 | -€252 | -28.0% |
| Other tangible fixed assets | 26 | €63,999 | €59,896 | -€4,103 | -6.4% |
| Current assets | 29/58 | €76,258 | €95,565 | +€19,307 | +25.3% |
| Amounts receivable within one year | 40/41 | €15,541 | €67,073 | +€51,532 | +332% |
| Trade receivables | 40 | €8,011 | €40,442 | +€32,431 | +405% |
| Other amounts receivable | 41 | €7,530 | €26,630 | +€19,100 | +254% |
| Cash at bank and in hand | 54/58 | €60,717 | €28,493 | -€32,224 | -53.1% |
| Total equity and liabilities | 10/49 | €141,158 | €156,111 | +€14,952 | +10.6% |
| Equity | 10/15 | €55,198 | -€11,892 | -€67,090 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,138 | -€39,952 | -€67,090 | |
| Amounts payable | 17/49 | €85,960 | €168,002 | +€82,042 | +95.4% |
| Amounts payable after more than one year | 17 | €42,000 | €35,000 | -€7,000 | -16.7% |
| Financial debts | 170/4 | €42,000 | €35,000 | -€7,000 | -16.7% |
| Amounts payable within one year | 42/48 | €43,960 | €133,002 | +€89,042 | +203% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €16,423 | +€9,423 | +135% |
| Trade debts | 44 | €16,524 | €111,208 | +€94,684 | +573% |
| Suppliers | 440/4 | €16,524 | €111,208 | +€94,684 | +573% |
| Taxes, remuneration and social security | 45 | €19,536 | €4,471 | -€15,065 | -77.1% |
| Taxes | 450/3 | €19,536 | €4,471 | -€15,065 | -77.1% |
| Other amounts payable | 47/48 | €900 | €900 | = | 0.0% |
| Turnover | 70 | €291,132 | - | -€291,132 | |
| Goods, raw materials, services and sundry goods | 60/61 | €234,813 | - | -€234,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,117 | €4,355 | -€762 | -14.9% |
| Other operating charges | 640/8 | €1,770 | €1,248 | -€522 | -29.5% |
| Non-recurring operating charges | 66A | - | €417 | +€417 | |
| Gross operating margin | 9900 | €56,319 | -€60,713 | -€117,032 | |
| Operating profit (loss) | 9901 | €49,432 | -€66,734 | -€116,166 | |
| Financial income | 75/76B | €721 | €470 | -€251 | -34.8% |
| Recurring financial income | 75 | €721 | €434 | -€286 | -39.7% |
| Non-recurring financial income | 76B | - | €35 | +€35 | |
| Financial charges | 65/66B | €903 | €826 | -€77 | -8.5% |
| Recurring financial charges | 65 | €903 | €746 | -€156 | -17.3% |
| Non-recurring financial charges | 66B | - | €80 | +€80 | |
| Profit (loss) for the period before taxes | 9903 | €49,250 | -€67,090 | -€116,340 | |
| Income taxes | 67/77 | €19,985 | - | -€19,985 | |
| Profit (loss) for the period | 9904 | €29,265 | -€67,090 | -€96,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,265 | -€67,090 | -€96,355 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.