SITOVETO: what changed
SITOVETO
Largest movements
- Cash +€17,143
up €17,143 (+65.0%), from €26,383 to €43,526
mainly Net result for the year (+€28,686) and Depreciation (+€22,002)
- Intangible fixed assets -€13,112
down €13,112 (-16.8%), from €78,112 to €65,000
- Tangible fixed assets -€8,891
down €8,891 (-19.1%), from €46,623 to €37,732
of which Furniture and vehicles: -€8,029
- Receivables within one year -€2,822
down €2,822 (-17.9%), from €15,785 to €12,962
- Trade debts -€49,305
down €49,305 (-83.8%), from €58,852 to €9,547
- Reserves +€28,686
up €28,686 (+188%), from €15,270 to €43,955
- Tax, wage and social debts +€6,474
up €6,474 (+64.7%), from €10,008 to €16,482
of which Taxes: +€3,832
- Current portion of long-term debt +€6,384
up €6,384 (+41.8%), from €15,256 to €21,640
- Debts after one year +€3,599
up €3,599 (+11.6%), from €30,980 to €34,579
of which Financial debts: +€3,599
- Gross operating margin +€34,849
up €34,849 (+54.7%), from €63,659 to €98,509
- Taxes +€7,868
up €7,868 (+214%), from €3,678 to €11,546
- Depreciation +€6,099
up €6,099 (+38.3%), from €15,904 to €22,002
- Other operating charges -€1,811
down €1,811 (-90.5%), from €2,001 to €191
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,497 | €163,173 | -€7,324 | -4.3% |
| Fixed assets | 21/28 | €124,784 | €102,782 | -€22,002 | -17.6% |
| Intangible fixed assets | 21 | €78,112 | €65,000 | -€13,112 | -16.8% |
| Tangible fixed assets | 22/27 | €46,623 | €37,732 | -€8,891 | -19.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €40,746 | €32,716 | -€8,029 | -19.7% |
| Other tangible fixed assets | 26 | €5,877 | €5,016 | -€861 | -14.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €45,712 | €60,391 | +€14,679 | +32.1% |
| Amounts receivable within one year | 40/41 | €15,785 | €12,962 | -€2,822 | -17.9% |
| Trade receivables | 40 | €15,785 | €12,962 | -€2,822 | -17.9% |
| Cash at bank and in hand | 54/58 | €26,383 | €43,526 | +€17,143 | +65.0% |
| Deferred charges and accrued income | 490/1 | €3,544 | €3,902 | +€358 | +10.1% |
| Total equity and liabilities | 10/49 | €170,497 | €163,173 | -€7,324 | -4.3% |
| Equity | 10/15 | €17,270 | €45,955 | +€28,686 | +166% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,270 | €43,955 | +€28,686 | +188% |
| Distributable reserves | 133 | €15,270 | €43,955 | +€28,686 | +188% |
| Amounts payable | 17/49 | €153,227 | €117,218 | -€36,009 | -23.5% |
| Amounts payable after more than one year | 17 | €30,980 | €34,579 | +€3,599 | +11.6% |
| Financial debts | 170/4 | €20,980 | €24,579 | +€3,599 | +17.2% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,247 | €82,638 | -€39,609 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €15,256 | €21,640 | +€6,384 | +41.8% |
| Trade debts | 44 | €58,852 | €9,547 | -€49,305 | -83.8% |
| Suppliers | 440/4 | €58,852 | €9,547 | -€49,305 | -83.8% |
| Taxes, remuneration and social security | 45 | €10,008 | €16,482 | +€6,474 | +64.7% |
| Taxes | 450/3 | €9,955 | €13,788 | +€3,832 | +38.5% |
| Remuneration and social security | 454/9 | €53 | €2,694 | +€2,641 | +5,000% |
| Other amounts payable | 47/48 | €38,130 | €34,969 | -€3,161 | -8.3% |
| Remuneration, social security and pensions | 62 | €33,622 | €33,854 | +€233 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,904 | €22,002 | +€6,099 | +38.3% |
| Other operating charges | 640/8 | €2,001 | €191 | -€1,811 | -90.5% |
| Gross operating margin | 9900 | €63,659 | €98,509 | +€34,849 | +54.7% |
| Operating profit (loss) | 9901 | €12,133 | €42,461 | +€30,328 | +250% |
| Financial income | 75/76B | €280 | €0 | -€280 | -100.0% |
| Recurring financial income | 75 | €280 | €0 | -€280 | -100.0% |
| Financial charges | 65/66B | €2,075 | €2,230 | +€154 | +7.4% |
| Recurring financial charges | 65 | €2,075 | €2,230 | +€154 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €10,337 | €40,232 | +€29,894 | +289% |
| Income taxes | 67/77 | €3,678 | €11,546 | +€7,868 | +214% |
| Profit (loss) for the period | 9904 | €6,659 | €28,686 | +€22,026 | +331% |
| Profit (loss) for the period to be appropriated | 9905 | €6,659 | €28,686 | +€22,026 | +331% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.