SITROP: 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.
SITROP
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+27.2%), from €4.8m to €6.1m
of which Land and buildings: +€1.3m
- Stocks and contracts -€364,113
down €364,113 (-100.0%), from €364,113 to €0
- Receivables within one year -€124,549
down €124,549 (-35.0%), from €355,884 to €231,335
of which Trade receivables: -€125,500
- Receivables after one year -€95,000
down €95,000 (-6.5%), from €1.5m to €1.4m
- Other debts +€665,415
up €665,415 (+12.6%), from €5.3m to €5.9m
- Debts after one year +€607,375
up €607,375 (+31.8%), from €1.9m to €2.5m
- Profit (loss) carried forward -€410,988
down €410,988 (-50.3%), from -€817,364 to -€1.2m
- Current portion of long-term debt -€94,493
down €94,493 (-28.7%), from €329,011 to €234,518
- Depreciation +€169,973
up €169,973 (+50.0%), from €339,773 to €509,745
- Financial charges +€45,302
up €45,302 (+78.4%), from €57,761 to €103,063
- Gross operating margin -€37,708
down €37,708 (-12.5%), from €301,671 to €263,964
- Financial income -€13,432
down €13,432 (-15.0%), from €89,771 to €76,339
- Staff costs -€5,893
down €5,893 (-9.8%), from €60,128 to €54,236
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 | €7,533,019 | €8,271,198 | +€738,179 | +9.8% |
| Fixed assets | 21/28 | €5,341,762 | €6,645,548 | +€1.3m | +24.4% |
| Tangible fixed assets | 22/27 | €4,797,959 | €6,101,745 | +€1.3m | +27.2% |
| Land and buildings | 22 | €4,792,170 | €6,095,957 | +€1.3m | +27.2% |
| Furniture and vehicles | 24 | €5,788 | €5,788 | = | 0.0% |
| Financial fixed assets | 28 | €543,803 | €543,803 | = | 0.0% |
| Current assets | 29/58 | €2,191,257 | €1,625,650 | -€565,607 | -25.8% |
| Amounts receivable after more than one year | 29 | €1,460,000 | €1,365,000 | -€95,000 | -6.5% |
| Other amounts receivable | 291 | €1,460,000 | €1,365,000 | -€95,000 | -6.5% |
| Stocks and contracts in progress | 3 | €364,113 | €0 | -€364,113 | -100.0% |
| Stocks | 30/36 | €364,113 | €0 | -€364,113 | -100.0% |
| Amounts receivable within one year | 40/41 | €355,884 | €231,335 | -€124,549 | -35.0% |
| Trade receivables | 40 | €185,500 | €60,000 | -€125,500 | -67.7% |
| Other amounts receivable | 41 | €170,384 | €171,335 | +€951 | +0.6% |
| Cash at bank and in hand | 54/58 | €11,260 | €29,315 | +€18,054 | +160.3% |
| Total equity and liabilities | 10/49 | €7,533,019 | €8,271,198 | +€738,179 | +9.8% |
| Equity | 10/15 | -€693,418 | -€1,104,406 | -€410,988 | -59.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€817,364 | -€1,228,352 | -€410,988 | -50.3% |
| Provisions and deferred taxes | 16 | €701,426 | €662,057 | -€39,369 | -5.6% |
| Provisions for liabilities and charges | 160/5 | €701,426 | €662,057 | -€39,369 | -5.6% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €701,426 | €662,057 | -€39,369 | -5.6% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €7,525,011 | €8,713,547 | +€1.2m | +15.8% |
| Amounts payable after more than one year | 17 | €1,910,865 | €2,518,239 | +€607,375 | +31.8% |
| Financial debts | 170/4 | €1,910,865 | €2,518,239 | +€607,375 | +31.8% |
| Amounts payable within one year | 42/48 | €5,614,146 | €6,195,308 | +€581,161 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €329,011 | €234,518 | -€94,493 | -28.7% |
| Trade debts | 44 | €5,805 | €15,345 | +€9,540 | +164.3% |
| Suppliers | 440/4 | €5,805 | €15,345 | +€9,540 | +164.3% |
| Taxes, remuneration and social security | 45 | €7,817 | €8,517 | +€700 | +9.0% |
| Remuneration and social security | 454/9 | €7,817 | €8,517 | +€700 | +9.0% |
| Other amounts payable | 47/48 | €5,271,513 | €5,936,927 | +€665,415 | +12.6% |
| Remuneration, social security and pensions | 62 | €60,128 | €54,236 | -€5,893 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339,773 | €509,745 | +€169,973 | +50.0% |
| Other operating charges | 640/8 | €24,234 | €26,498 | +€2,263 | +9.3% |
| Non-recurring operating charges | 66A | €0 | €57,749 | +€57,749 | |
| Gross operating margin | 9900 | €301,671 | €263,964 | -€37,708 | -12.5% |
| Operating profit (loss) | 9901 | -€122,464 | -€384,265 | -€261,800 | -213.8% |
| Financial income | 75/76B | €89,771 | €76,339 | -€13,432 | -15.0% |
| Recurring financial income | 75 | €89,771 | €76,339 | -€13,432 | -15.0% |
| Financial charges | 65/66B | €57,761 | €103,063 | +€45,302 | +78.4% |
| Recurring financial charges | 65 | €57,761 | €103,063 | +€45,302 | +78.4% |
| Profit (loss) for the period before taxes | 9903 | -€90,454 | -€410,988 | -€320,534 | -354.4% |
| Transfer from deferred taxes | 780 | €4,269 | €0 | -€4,269 | -100.0% |
| Profit (loss) for the period | 9904 | -€86,185 | -€410,988 | -€324,803 | -376.9% |
| Transfer from tax-exempt reserves | 789 | €17,075 | €0 | -€17,075 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,111 | -€410,988 | -€341,878 | -494.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.