Sitocel: 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.
Sitocel
Largest movements
- Cash +€17,226
up €17,226 (+15.4%), from €112,101 to €129,327
mainly Receivables within one year (+€13,324) and Depreciation (+€5,195)
- Receivables within one year -€13,324
down €13,324 (-17.5%), from €76,073 to €62,749
of which Trade receivables: -€14,429
- Tangible fixed assets -€4,270
down €4,270 (-24.6%), from €17,390 to €13,120
of which Plant, machinery and equipment: -€3,921
- Tax, wage and social debts -€6,009
down €6,009 (-29.1%), from €20,617 to €14,608
of which Taxes: -€7,009
- Reserves +€4,520
up €4,520 (+2.9%), from €158,446 to €162,967
of which Distributable reserves: +€4,520
- Trade debts +€2,209
up €2,209 (+60.3%), from €3,664 to €5,873
- Gross operating margin -€76,623
down €76,623 (-84.8%), from €90,328 to €13,706
- Taxes -€25,346
down €25,346 (-91.1%), from €27,811 to €2,465
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 | €215,564 | €216,258 | +€694 | +0.3% |
| Fixed assets | 21/28 | €17,390 | €13,120 | -€4,270 | -24.6% |
| Tangible fixed assets | 22/27 | €17,390 | €13,120 | -€4,270 | -24.6% |
| Plant, machinery and equipment | 23 | €14,890 | €10,969 | -€3,921 | -26.3% |
| Furniture and vehicles | 24 | €2,499 | €2,151 | -€349 | -13.9% |
| Current assets | 29/58 | €198,174 | €203,138 | +€4,964 | +2.5% |
| Amounts receivable within one year | 40/41 | €76,073 | €62,749 | -€13,324 | -17.5% |
| Trade receivables | 40 | €76,073 | €61,643 | -€14,429 | -19.0% |
| Other amounts receivable | 41 | - | €1,105 | +€1,105 | |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,101 | €129,327 | +€17,226 | +15.4% |
| Deferred charges and accrued income | 490/1 | - | €1,062 | +€1,062 | |
| Total equity and liabilities | 10/49 | €215,564 | €216,258 | +€694 | +0.3% |
| Equity | 10/15 | €177,046 | €181,567 | +€4,520 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,446 | €162,967 | +€4,520 | +2.9% |
| Tax-exempt reserves | 132 | €2,923 | €2,923 | = | 0.0% |
| Distributable reserves | 133 | €155,523 | €160,044 | +€4,520 | +2.9% |
| Amounts payable | 17/49 | €38,517 | €34,691 | -€3,826 | -9.9% |
| Amounts payable within one year | 42/48 | €38,517 | €34,691 | -€3,826 | -9.9% |
| Trade debts | 44 | €3,664 | €5,873 | +€2,209 | +60.3% |
| Suppliers | 440/4 | €3,664 | €5,873 | +€2,209 | +60.3% |
| Taxes, remuneration and social security | 45 | €20,617 | €14,608 | -€6,009 | -29.1% |
| Taxes | 450/3 | €20,617 | €13,608 | -€7,009 | -34.0% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €14,236 | €14,210 | -€27 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,507 | €5,195 | +€688 | +15.3% |
| Other operating charges | 640/8 | €1,458 | €1,500 | +€43 | +2.9% |
| Gross operating margin | 9900 | €90,328 | €13,706 | -€76,623 | -84.8% |
| Operating profit (loss) | 9901 | €84,364 | €7,011 | -€77,353 | -91.7% |
| Financial income | 75/76B | €1 | €409 | +€408 | +40821.0% |
| Recurring financial income | 75 | €1 | €409 | +€408 | +40821.0% |
| Financial charges | 65/66B | €485 | €434 | -€51 | -10.5% |
| Recurring financial charges | 65 | €485 | €434 | -€51 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €83,879 | €6,985 | -€76,894 | -91.7% |
| Income taxes | 67/77 | €27,811 | €2,465 | -€25,346 | -91.1% |
| Profit (loss) for the period | 9904 | €56,068 | €4,520 | -€51,548 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,068 | €4,520 | -€51,548 | -91.9% |
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 10 October 2026 via checked.be.