SITOZA: 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.
SITOZA
Largest movements
- Tangible fixed assets +€405,978
up €405,978 (+990.0%), from €41,010 to €446,988
of which Land and buildings: +€408,327
- Cash -€72,143
down €72,143 (-66.4%), from €108,609 to €36,466
mainly Investment in fixed assets (net) (-€429,818) and Other debts (-€43,494)
- Receivables within one year +€37,784
up €37,784 (+19142.0%), from €197 to €37,982
of which Trade receivables: +€37,530
- Intangible fixed assets -€8,571
down €8,571 (-14.8%), from €57,822 to €49,251
- Debts after one year +€265,656
new in 2025: €265,656
- Profit (loss) carried forward +€60,481
up €60,481 (+81.3%), from €74,382 to €134,863
- Other debts -€43,494
down €43,494 (-43.0%), from €101,037 to €57,543
- Current portion of long-term debt +€33,978
new in 2025: €33,978
- Trade debts +€27,049
up €27,049 (+227.5%), from €11,892 to €38,940
- Depreciation +€24,626
up €24,626 (+484.2%), from €5,086 to €29,712
- Staff costs -€9,909
down €9,909 (-31.0%), from €32,014 to €22,105
- Financial charges +€9,296
up €9,296 (+765.8%), from €1,214 to €10,510
- Gross operating margin +€4,976
up €4,976 (+3.7%), from €134,429 to €139,405
- Taxes -€4,406
down €4,406 (-22.6%), from €19,484 to €15,078
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 | €212,846 | €578,594 | +€365,748 | +171.8% |
| Fixed assets | 21/28 | €100,782 | €500,888 | +€400,106 | +397.0% |
| Intangible fixed assets | 21 | €57,822 | €49,251 | -€8,571 | -14.8% |
| Tangible fixed assets | 22/27 | €41,010 | €446,988 | +€405,978 | +990.0% |
| Land and buildings | 22 | - | €408,327 | +€408,327 | |
| Plant, machinery and equipment | 23 | €41,010 | €38,661 | -€2,349 | -5.7% |
| Financial fixed assets | 28 | €1,950 | €4,650 | +€2,700 | +138.5% |
| Current assets | 29/58 | €112,064 | €77,706 | -€34,359 | -30.7% |
| Stocks and contracts in progress | 3 | €3,258 | €3,258 | = | 0.0% |
| Stocks | 30/36 | €3,258 | €3,258 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €197 | €37,982 | +€37,784 | +19142.0% |
| Trade receivables | 40 | - | €37,530 | +€37,530 | |
| Other amounts receivable | 41 | €197 | €451 | +€254 | +128.6% |
| Cash at bank and in hand | 54/58 | €108,609 | €36,466 | -€72,143 | -66.4% |
| Total equity and liabilities | 10/49 | €212,846 | €578,594 | +€365,748 | +171.8% |
| Equity | 10/15 | €79,382 | €139,863 | +€60,481 | +76.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,382 | €134,863 | +€60,481 | +81.3% |
| Amounts payable | 17/49 | €133,464 | €438,731 | +€305,267 | +228.7% |
| Amounts payable after more than one year | 17 | - | €265,656 | +€265,656 | |
| Financial debts | 170/4 | - | €265,656 | +€265,656 | |
| Amounts payable within one year | 42/48 | €133,464 | €173,075 | +€39,611 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | - | €33,978 | +€33,978 | |
| Trade debts | 44 | €11,892 | €38,940 | +€27,049 | +227.5% |
| Suppliers | 440/4 | €11,892 | €38,940 | +€27,049 | +227.5% |
| Taxes, remuneration and social security | 45 | €20,536 | €42,614 | +€22,078 | +107.5% |
| Taxes | 450/3 | €20,536 | €39,725 | +€19,189 | +93.4% |
| Remuneration and social security | 454/9 | - | €2,890 | +€2,890 | |
| Other amounts payable | 47/48 | €101,037 | €57,543 | -€43,494 | -43.0% |
| Remuneration, social security and pensions | 62 | €32,014 | €22,105 | -€9,909 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,086 | €29,712 | +€24,626 | +484.2% |
| Other operating charges | 640/8 | €2,251 | €1,533 | -€718 | -31.9% |
| Gross operating margin | 9900 | €134,429 | €139,405 | +€4,976 | +3.7% |
| Operating profit (loss) | 9901 | €95,078 | €86,055 | -€9,023 | -9.5% |
| Financial income | 75/76B | €1 | €14 | +€13 | +1128.9% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1128.9% |
| Financial charges | 65/66B | €1,214 | €10,510 | +€9,296 | +765.8% |
| Recurring financial charges | 65 | €1,214 | €10,510 | +€9,296 | +765.8% |
| Profit (loss) for the period before taxes | 9903 | €93,865 | €75,559 | -€18,306 | -19.5% |
| Income taxes | 67/77 | €19,484 | €15,078 | -€4,406 | -22.6% |
| Profit (loss) for the period | 9904 | €74,382 | €60,481 | -€13,901 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,382 | €60,481 | -€13,901 | -18.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.