SITP: 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.
SITP
Largest movements
- Cash +€177,524
up €177,524 (+1,243%), from €14,282 to €191,806
mainly Net result for the year (+€143,782) and Other debts (+€137,765)
- Tangible fixed assets -€68,376
down €68,376 (-20.9%), from €327,205 to €258,829
of which Leasing and similar rights: -€51,789
- Receivables within one year +€36,555
up €36,555 (+19.5%), from €187,248 to €223,803
of which Other amounts receivable: +€32,653
- Other debts +€137,765
up €137,765 (+1,126%), from €12,235 to €150,000
- Tax, wage and social debts +€21,963
up €21,963 (+38.5%), from €57,088 to €79,051
- Gross operating margin +€55,134
up €55,134 (+26.3%), from €209,446 to €264,579
- Depreciation +€36,720
up €36,720 (+113%), from €32,457 to €69,178
- Financial income -€10,600
down €10,600 (-31.5%), from €33,600 to €23,000
of which Non-recurring financial income: -€10,600
- Taxes +€3,326
up €3,326 (+5.4%), from €61,775 to €65,101
- Other operating charges +€2,884
up €2,884 (+45.6%), from €6,322 to €9,206
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.
Derived cash bridge
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 | €1,053,360 | €1,201,521 | +€148,162 | +14.1% |
| Fixed assets | 21/28 | €327,205 | €258,829 | -€68,376 | -20.9% |
| Tangible fixed assets | 22/27 | €327,205 | €258,829 | -€68,376 | -20.9% |
| Plant, machinery and equipment | 23 | €4,072 | €2,363 | -€1,709 | -42.0% |
| Furniture and vehicles | 24 | €92,382 | €83,963 | -€8,419 | -9.1% |
| Leasing and similar rights | 25 | €156,885 | €105,097 | -€51,789 | -33.0% |
| Other tangible fixed assets | 26 | €73,865 | €67,406 | -€6,459 | -8.7% |
| Current assets | 29/58 | €726,155 | €942,692 | +€216,538 | +29.8% |
| Amounts receivable after more than one year | 29 | €460,000 | €460,000 | = | 0.0% |
| Other amounts receivable | 291 | €460,000 | €460,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €187,248 | €223,803 | +€36,555 | +19.5% |
| Trade receivables | 40 | €187,248 | €191,150 | +€3,902 | +2.1% |
| Other amounts receivable | 41 | - | €32,653 | +€32,653 | |
| Cash at bank and in hand | 54/58 | €14,282 | €191,806 | +€177,524 | +1,243% |
| Deferred charges and accrued income | 490/1 | €64,625 | €67,083 | +€2,458 | +3.8% |
| Total equity and liabilities | 10/49 | €1,053,360 | €1,201,521 | +€148,162 | +14.1% |
| Equity | 10/15 | €977,035 | €970,817 | -€6,218 | -0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €970,366 | €964,148 | -€6,218 | -0.6% |
| Distributable reserves | 133 | €970,366 | €964,148 | -€6,218 | -0.6% |
| Profit (loss) carried forward | 14 | €469 | €469 | = | 0.0% |
| Amounts payable | 17/49 | €76,325 | €230,705 | +€154,380 | +202% |
| Amounts payable within one year | 42/48 | €70,658 | €230,705 | +€160,047 | +227% |
| Trade debts | 44 | €1,334 | €1,654 | +€320 | +24.0% |
| Suppliers | 440/4 | €1,334 | €1,654 | +€320 | +24.0% |
| Taxes, remuneration and social security | 45 | €57,088 | €79,051 | +€21,963 | +38.5% |
| Taxes | 450/3 | €57,088 | €79,051 | +€21,963 | +38.5% |
| Other amounts payable | 47/48 | €12,235 | €150,000 | +€137,765 | +1,126% |
| Accrued charges and deferred income | 492/3 | €5,667 | - | -€5,667 | |
| Non-recurring operating income | 76A | - | €38,851 | +€38,851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,457 | €69,178 | +€36,720 | +113% |
| Other operating charges | 640/8 | €6,322 | €9,206 | +€2,884 | +45.6% |
| Gross operating margin | 9900 | €209,446 | €264,579 | +€55,134 | +26.3% |
| Operating profit (loss) | 9901 | €170,666 | €186,196 | +€15,529 | +9.1% |
| Financial income | 75/76B | €33,600 | €23,000 | -€10,600 | -31.5% |
| Recurring financial income | 75 | €23,000 | €23,000 | +€0 | 0.0% |
| Non-recurring financial income | 76B | €10,600 | - | -€10,600 | |
| Financial charges | 65/66B | €1,020 | €313 | -€707 | -69.3% |
| Recurring financial charges | 65 | €1,020 | €313 | -€707 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €203,246 | €208,882 | +€5,636 | +2.8% |
| Income taxes | 67/77 | €61,775 | €65,101 | +€3,326 | +5.4% |
| Profit (loss) for the period | 9904 | €141,471 | €143,782 | +€2,310 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,471 | €143,782 | +€2,310 | +1.6% |
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 28 October 2026 via checked.be.