SITORA: what changed
Two fiscal 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.
SITORA
Largest movements
- Stocks and contracts -€79,385
down €79,385 (-13.8%), from €574,679 to €495,294
- Tangible fixed assets -€12,416
down €12,416 (-87.6%), from €14,167 to €1,751
of which Other tangible fixed assets: -€10,387
- Debts after one year -€50,485
down €50,485 (-53.8%), from €93,924 to €43,439
- Trade debts -€19,957
down €19,957 (-12.7%), from €156,856 to €136,899
- Tax, wage and social debts -€11,113
down €11,113 (-29.1%), from €38,168 to €27,055
of which Taxes: -€10,274
- Profit (loss) carried forward +€8,748
up €8,748 (+4.5%), from €196,063 to €204,811
- Other debts -€8,580
down €8,580 (-9.7%), from €88,040 to €79,460
- Purchases and services -€74,138
down €74,138 (-12.0%), from €616,400 to €542,262
- Gross operating margin +€57,441
up €57,441 (+160.4%), from €35,807 to €93,248
- Taxes +€17,484
up €17,484 (+3726.8%), from €469 to €17,954
- Turnover -€17,331
down €17,331 (-2.7%), from €645,656 to €628,325
- Staff costs +€8,462
up €8,462 (+31.5%), from €26,842 to €35,304
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €647,222 | €565,342 | -€81,879 | -12.7% |
| Fixed assets | 21/28 | €25,267 | €12,851 | -€12,416 | -49.1% |
| Tangible fixed assets | 22/27 | €14,167 | €1,751 | -€12,416 | -87.6% |
| Furniture and vehicles | 24 | €3,780 | €1,751 | -€2,029 | -53.7% |
| Other tangible fixed assets | 26 | €10,387 | - | -€10,387 | |
| Financial fixed assets | 28 | €11,100 | €11,100 | = | 0.0% |
| Current assets | 29/58 | €621,955 | €552,492 | -€69,463 | -11.2% |
| Stocks and contracts in progress | 3 | €574,679 | €495,294 | -€79,385 | -13.8% |
| Stocks | 30/36 | €574,679 | €495,294 | -€79,385 | -13.8% |
| Amounts receivable within one year | 40/41 | €33,963 | €38,116 | +€4,153 | +12.2% |
| Trade receivables | 40 | €13,549 | €17,444 | +€3,895 | +28.8% |
| Other amounts receivable | 41 | €20,415 | €20,672 | +€258 | +1.3% |
| Cash at bank and in hand | 54/58 | - | €3,021 | +€3,021 | |
| Deferred charges and accrued income | 490/1 | €13,312 | €16,060 | +€2,747 | +20.6% |
| Total equity and liabilities | 10/49 | €647,222 | €565,342 | -€81,879 | -12.7% |
| Equity | 10/15 | €214,987 | €223,498 | +€8,511 | +4.0% |
| Contributions | 10/11 | €17,064 | €16,827 | -€237 | -1.4% |
| Capital | 10 | €17,064 | €16,827 | -€237 | -1.4% |
| Issued capital | 100 | €17,064 | €16,827 | -€237 | -1.4% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,063 | €204,811 | +€8,748 | +4.5% |
| Amounts payable | 17/49 | €432,235 | €341,844 | -€90,390 | -20.9% |
| Amounts payable after more than one year | 17 | €93,924 | €43,439 | -€50,485 | -53.8% |
| Financial debts | 170/4 | €93,924 | €43,439 | -€50,485 | -53.8% |
| Amounts payable within one year | 42/48 | €335,204 | €293,899 | -€41,305 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €49,259 | €50,485 | +€1,226 | +2.5% |
| Financial debts | 43 | €2,880 | - | -€2,880 | |
| Credit institutions | 430/8 | €2,880 | - | -€2,880 | |
| Trade debts | 44 | €156,856 | €136,899 | -€19,957 | -12.7% |
| Suppliers | 440/4 | €156,856 | €136,899 | -€19,957 | -12.7% |
| Taxes, remuneration and social security | 45 | €38,168 | €27,055 | -€11,113 | -29.1% |
| Taxes | 450/3 | €19,269 | €8,995 | -€10,274 | -53.3% |
| Remuneration and social security | 454/9 | €18,900 | €18,060 | -€840 | -4.4% |
| Other amounts payable | 47/48 | €88,040 | €79,460 | -€8,580 | -9.7% |
| Accrued charges and deferred income | 492/3 | €3,107 | €4,507 | +€1,399 | +45.0% |
| Turnover | 70 | €645,656 | €628,325 | -€17,331 | -2.7% |
| Non-recurring operating income | 76A | - | €7,185 | +€7,185 | |
| Goods, raw materials, services and sundry goods | 60/61 | €616,400 | €542,262 | -€74,138 | -12.0% |
| Remuneration, social security and pensions | 62 | €26,842 | €35,304 | +€8,462 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,277 | €12,277 | = | 0.0% |
| Other operating charges | 640/8 | €13,244 | €13,380 | +€136 | +1.0% |
| Gross operating margin | 9900 | €35,807 | €93,248 | +€57,441 | +160.4% |
| Operating profit (loss) | 9901 | -€16,556 | €32,288 | +€48,843 | |
| Financial income | 75/76B | €1 | €191 | +€190 | +13162.5% |
| Recurring financial income | 75 | €1 | €191 | +€190 | +13162.5% |
| Financial charges | 65/66B | €8,098 | €5,777 | -€2,321 | -28.7% |
| Recurring financial charges | 65 | €8,098 | €5,777 | -€2,321 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,652 | €26,702 | +€51,354 | |
| Income taxes | 67/77 | €469 | €17,954 | +€17,484 | +3726.8% |
| Profit (loss) for the period | 9904 | -€25,121 | €8,748 | +€33,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,121 | €8,748 | +€33,869 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.