sitomeca: 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.
What changed
sitomeca
NACE 24.330, Manufacture of basic metals
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€270,789
2025 · -€224,256-€46,533
Equity
€1.4m
2025 · €1.7m-€270,790
Cash
€119,610
2025 · €517,050-€397,440
Balance sheet total
€5.4m
2025 · €5.8m-€415,764
Largest movements
Assets
- Cash -€397,440
down €397,440 (-76.9%), from €517,050 to €119,610
mainly Current portion of long-term debt (-€409,020) and Debts after one year (-€275,380)
- Stocks and contracts +€84,582
up €84,582 (+59.7%), from €141,575 to €226,157
- Tangible fixed assets -€78,190
down €78,190 (-2.3%), from €3.4m to €3.3m
of which Land and buildings: -€62,681
Equity and liabilities
- Current portion of long-term debt -€409,020
down €409,020 (-50.7%), from €806,732 to €397,712
- Debts after one year -€275,380
down €275,380 (-13.2%), from €2.1m to €1.8m
- Profit (loss) carried forward -€270,789
down €270,789 (-63.1%), from -€429,294 to -€700,083
- Short-term financial debts +€250,000
new in 2026: €250,000
- Trade debts +€189,694
up €189,694 (+23.0%), from €823,433 to €1.0m
Income statement
- Other operating charges -€661,474
down €661,474 (-96.1%), from €688,197 to €26,723
- Gross operating margin -€520,464
down €520,464 (-72.8%), from €714,620 to €194,157
- Write-downs +€200,000
up €200,000, from -€200,000 to €0
- Financial charges -€14,803
down €14,803 (-25.1%), from €58,947 to €44,144
- Staff costs -€12,386
down €12,386 (-5.3%), from €234,486 to €222,100
From the 2025 result to the 2026 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.
Result 2025
-€224,256
Gross operating margin
-€520,464
Staff costs
+€12,386
Depreciation
+€3,349
Write-downs
-€200,000
Other operating charges
+€661,474
Other operating items
-€12,794
Financial income
-€5,304
Financial charges
+€14,803
Taxes
+€16
Result 2026
-€270,789
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€125,150
Investment
-€88,189
Financing
-€434,399
Cash 2025
€517,050
From operations (derived)
+€125,150
Net result for the year
-€270,789
Depreciation
+€169,829
Stocks and contracts
-€84,582
Receivables within one year
-€27,977
Deferred charges and accrued income
+€49,244
Trade debts
+€189,694
Tax, wage and social debts
+€1,551
Advances received
+€118,740
Other debts
-€16,249
Accrued charges and deferred income
-€4,310
Investment (derived)
-€88,189
Investment in fixed assets (net)
-€88,189
Financing
-€434,399
Debts after one year
-€275,380
Current portion of long-term debt
-€409,020
Short-term financial debts
+€250,000
Contributions, distributions and other
+€1
Not broken down
-€2
Cash 2026
€119,610
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,829,663 | €5,413,899 | -€415,764 | -7.1% |
| Fixed assets | 21/28 | €3,379,594 | €3,297,954 | -€81,640 | -2.4% |
| Intangible fixed assets | 21 | €13,200 | €13,200 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,362,944 | €3,284,754 | -€78,190 | -2.3% |
| Land and buildings | 22 | €1,355,610 | €1,292,929 | -€62,681 | -4.6% |
| Plant, machinery and equipment | 23 | €136,752 | €107,425 | -€29,327 | -21.4% |
| Furniture and vehicles | 24 | €256 | €0 | -€256 | -100% |
| Assets under construction and advance payments | 27 | €1,870,327 | €1,884,400 | +€14,073 | +0.8% |
| Financial fixed assets | 28 | €3,450 | €0 | -€3,450 | -100% |
| Current assets | 29/58 | €2,450,069 | €2,115,945 | -€334,124 | -13.6% |
| Stocks and contracts in progress | 3 | €141,575 | €226,157 | +€84,582 | +59.7% |
| Stocks | 30/36 | €141,575 | €226,157 | +€84,582 | +59.7% |
| Amounts receivable within one year | 40/41 | €1,588,607 | €1,616,584 | +€27,977 | +1.8% |
| Trade receivables | 40 | €1,100,056 | €1,108,148 | +€8,092 | +0.7% |
| Other amounts receivable | 41 | €488,551 | €508,436 | +€19,885 | +4.1% |
| Cash at bank and in hand | 54/58 | €517,050 | €119,610 | -€397,440 | -76.9% |
| Deferred charges and accrued income | 490/1 | €202,838 | €153,594 | -€49,244 | -24.3% |
| Total equity and liabilities | 10/49 | €5,829,663 | €5,413,899 | -€415,764 | -7.1% |
| Equity | 10/15 | €1,659,852 | €1,389,062 | -€270,790 | -16.3% |
| Contributions | 10/11 | €1,133,841 | €1,133,841 | +€0 | 0.0% |
| Capital | 10 | €1,133,841 | €1,133,841 | +€0 | 0.0% |
| Issued capital | 100 | €1,133,841 | €1,133,841 | +€0 | 0.0% |
| Reserves | 13 | €295,477 | €295,477 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €13,384 | €13,384 | +€0 | 0.0% |
| Legal reserve | 130 | €13,384 | €13,384 | +€0 | 0.0% |
| Distributable reserves | 133 | €282,093 | €282,093 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€429,294 | -€700,083 | -€270,789 | -63.1% |
| Investment grants | 15 | €659,827 | €659,827 | -€0 | 0.0% |
| Amounts payable | 17/49 | €4,169,812 | €4,024,836 | -€144,976 | -3.5% |
| Amounts payable after more than one year | 17 | €2,089,865 | €1,814,485 | -€275,380 | -13.2% |
| Financial debts | 170/4 | €2,089,865 | €1,814,485 | -€275,380 | -13.2% |
| Amounts payable within one year | 42/48 | €2,049,694 | €2,184,409 | +€134,715 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €806,732 | €397,712 | -€409,020 | -50.7% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €823,433 | €1,013,127 | +€189,694 | +23.0% |
| Suppliers | 440/4 | €823,433 | €1,013,127 | +€189,694 | +23.0% |
| Advances received on contracts in progress | 46 | €368,439 | €487,179 | +€118,740 | +32.2% |
| Taxes, remuneration and social security | 45 | €34,840 | €36,391 | +€1,551 | +4.5% |
| Taxes | 450/3 | €1,423 | €8,877 | +€7,454 | +524% |
| Remuneration and social security | 454/9 | €33,417 | €27,514 | -€5,903 | -17.7% |
| Other amounts payable | 47/48 | €16,249 | €0 | -€16,249 | -100% |
| Accrued charges and deferred income | 492/3 | €30,253 | €25,943 | -€4,310 | -14.2% |
| Non-recurring operating income | 76A | €2,278 | €0 | -€2,278 | -100% |
| Remuneration, social security and pensions | 62 | €234,486 | €222,100 | -€12,386 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,178 | €169,829 | -€3,349 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€200,000 | €0 | +€200,000 | |
| Other operating charges | 640/8 | €688,197 | €26,723 | -€661,474 | -96.1% |
| Non-recurring operating charges | 66A | - | €12,795 | +€12,795 | |
| Gross operating margin | 9900 | €714,620 | €194,157 | -€520,464 | -72.8% |
| Operating profit (loss) | 9901 | -€181,242 | -€237,291 | -€56,049 | -30.9% |
| Financial income | 75/76B | €16,264 | €10,960 | -€5,304 | -32.6% |
| Recurring financial income | 75 | €16,264 | €10,960 | -€5,304 | -32.6% |
| Financial charges | 65/66B | €58,947 | €44,144 | -€14,803 | -25.1% |
| Recurring financial charges | 65 | €58,947 | €44,144 | -€14,803 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€223,925 | -€270,474 | -€46,549 | -20.8% |
| Income taxes | 67/77 | €331 | €315 | -€16 | -4.9% |
| Profit (loss) for the period | 9904 | -€224,256 | -€270,789 | -€46,533 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€224,256 | -€270,789 | -€46,533 | -20.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.