SITOBOUW: 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.
SITOBOUW
Largest movements
- Receivables within one year -€26,936
down €26,936 (-18.8%), from €143,321 to €116,385
of which Other amounts receivable: -€33,022
- Tangible fixed assets +€9,524
new in 2025: €9,524
- Cash -€2,567
down €2,567 (-99.1%), from €2,590 to €23
mainly Investment in fixed assets (net) (-€11,429) and Short-term financial debts (-€8,759)
- Short-term financial debts -€8,759
down €8,759 (-15.4%), from €56,995 to €48,236
- Profit (loss) carried forward -€7,002
down €7,002, from €1,794 to -€5,208
- Tax, wage and social debts -€5,233
down €5,233 (-82.9%), from €6,315 to €1,082
of which Remuneration and social security: -€2,975
- Trade debts +€1,495
up €1,495 (+5.6%), from €26,497 to €27,992
- Staff costs -€45,465
down €45,465 (-95.4%), from €47,662 to €2,196
- Gross operating margin -€36,469
down €36,469, from €33,722 to -€2,747
- Financial income +€6,120
new in 2025: €6,120
- Write-downs +€4,100
new in 2025: €4,100
- Depreciation +€1,905
new in 2025: €1,905
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 | €147,911 | €128,412 | -€19,499 | -13.2% |
| Fixed assets | 21/28 | €2,000 | €11,524 | +€9,524 | +476% |
| Tangible fixed assets | 22/27 | - | €9,524 | +€9,524 | |
| Furniture and vehicles | 24 | - | €9,524 | +€9,524 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €145,911 | €116,888 | -€29,023 | -19.9% |
| Amounts receivable within one year | 40/41 | €143,321 | €116,385 | -€26,936 | -18.8% |
| Trade receivables | 40 | €10,995 | €17,081 | +€6,086 | +55.4% |
| Other amounts receivable | 41 | €132,326 | €99,303 | -€33,022 | -25.0% |
| Cash at bank and in hand | 54/58 | €2,590 | €23 | -€2,567 | -99.1% |
| Deferred charges and accrued income | 490/1 | - | €480 | +€480 | |
| Total equity and liabilities | 10/49 | €147,911 | €128,412 | -€19,499 | -13.2% |
| Equity | 10/15 | €58,104 | €51,102 | -€7,002 | -12.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €48,250 | €48,250 | = | 0.0% |
| Distributable reserves | 133 | €48,250 | €48,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,794 | -€5,208 | -€7,002 | |
| Amounts payable | 17/49 | €89,807 | €77,310 | -€12,497 | -13.9% |
| Amounts payable within one year | 42/48 | €89,807 | €77,310 | -€12,497 | -13.9% |
| Financial debts | 43 | €56,995 | €48,236 | -€8,759 | -15.4% |
| Other loans | 439 | €56,995 | €48,236 | -€8,759 | -15.4% |
| Trade debts | 44 | €26,497 | €27,992 | +€1,495 | +5.6% |
| Suppliers | 440/4 | €26,497 | €27,992 | +€1,495 | +5.6% |
| Taxes, remuneration and social security | 45 | €6,315 | €1,082 | -€5,233 | -82.9% |
| Taxes | 450/3 | €3,340 | €1,082 | -€2,258 | -67.6% |
| Remuneration and social security | 454/9 | €2,975 | - | -€2,975 | |
| Non-recurring operating income | 76A | - | €7,190 | +€7,190 | |
| Remuneration, social security and pensions | 62 | €47,662 | €2,196 | -€45,465 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,905 | +€1,905 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,100 | +€4,100 | |
| Other operating charges | 640/8 | €1,664 | €1,288 | -€376 | -22.6% |
| Gross operating margin | 9900 | €33,722 | -€2,747 | -€36,469 | |
| Operating profit (loss) | 9901 | -€15,604 | -€12,237 | +€3,367 | +21.6% |
| Financial income | 75/76B | - | €6,120 | +€6,120 | |
| Recurring financial income | 75 | - | €6,120 | +€6,120 | |
| Financial charges | 65/66B | €961 | €337 | -€624 | -64.9% |
| Recurring financial charges | 65 | €961 | €337 | -€624 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,565 | -€6,454 | +€10,111 | +61.0% |
| Income taxes | 67/77 | €533 | €548 | +€15 | +2.7% |
| Profit (loss) for the period | 9904 | -€17,099 | -€7,002 | +€10,096 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,099 | -€7,002 | +€10,096 | +59.0% |
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 16 October 2026 via checked.be.