SITTA MESA: 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.
SITTA MESA
Largest movements
- Receivables within one year +€28,903
up €28,903 (+106%), from €27,220 to €56,123
of which Trade receivables: +€26,308
- Stocks and contracts -€19,853
down €19,853 (-11.3%), from €175,990 to €156,138
- Cash -€7,262
down €7,262 (-33.6%), from €21,644 to €14,383
mainly Receivables within one year (-€28,903) and Advances received (-€26,885)
- Tangible fixed assets -€2,419
down €2,419 (-43.7%), from €5,543 to €3,123
of which Furniture and vehicles: -€3,548
- Short-term financial debts +€50,000
new in 2025: €50,000
- Advances received -€26,885
no longer reported in 2025 (was €26,885)
- Reserves -€23,159
down €23,159 (-20.1%), from €115,160 to €92,001
- Tax, wage and social debts -€8,063
down €8,063 (-36.8%), from €21,901 to €13,838
- Trade debts +€7,475
up €7,475 (+18.0%), from €41,452 to €48,927
- Gross operating margin +€67,124
up €67,124 (+88.0%), from -€76,318 to -€9,194
- Write-downs +€28,352
no longer reported in 2025 (was -€28,352)
- Financial charges +€5,026
up €5,026 (+596%), from €843 to €5,870
- Other operating charges +€2,487
up €2,487 (+52.0%), from €4,786 to €7,273
- Depreciation -€865
down €865 (-16.3%), from €5,318 to €4,453
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 | €230,397 | €229,767 | -€631 | -0.3% |
| Fixed assets | 21/28 | €5,543 | €3,123 | -€2,419 | -43.7% |
| Tangible fixed assets | 22/27 | €5,543 | €3,123 | -€2,419 | -43.7% |
| Plant, machinery and equipment | 23 | €438 | €1,917 | +€1,478 | +337% |
| Furniture and vehicles | 24 | €3,704 | €157 | -€3,548 | -95.8% |
| Other tangible fixed assets | 26 | €1,400 | €1,050 | -€350 | -25.0% |
| Current assets | 29/58 | €224,855 | €226,644 | +€1,789 | +0.8% |
| Stocks and contracts in progress | 3 | €175,990 | €156,138 | -€19,853 | -11.3% |
| Stocks | 30/36 | €175,990 | €156,138 | -€19,853 | -11.3% |
| Amounts receivable within one year | 40/41 | €27,220 | €56,123 | +€28,903 | +106% |
| Trade receivables | 40 | €10,766 | €37,074 | +€26,308 | +244% |
| Other amounts receivable | 41 | €16,454 | €19,049 | +€2,595 | +15.8% |
| Cash at bank and in hand | 54/58 | €21,644 | €14,383 | -€7,262 | -33.6% |
| Total equity and liabilities | 10/49 | €230,397 | €229,767 | -€631 | -0.3% |
| Equity | 10/15 | €140,160 | €117,001 | -€23,159 | -16.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €115,160 | €92,001 | -€23,159 | -20.1% |
| Distributable reserves | 133 | €115,160 | €92,001 | -€23,159 | -20.1% |
| Amounts payable | 17/49 | €90,237 | €112,765 | +€22,528 | +25.0% |
| Amounts payable within one year | 42/48 | €90,237 | €112,765 | +€22,528 | +25.0% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €41,452 | €48,927 | +€7,475 | +18.0% |
| Suppliers | 440/4 | €41,452 | €48,927 | +€7,475 | +18.0% |
| Advances received on contracts in progress | 46 | €26,885 | - | -€26,885 | |
| Taxes, remuneration and social security | 45 | €21,901 | €13,838 | -€8,063 | -36.8% |
| Taxes | 450/3 | €21,901 | €13,838 | -€8,063 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,318 | €4,453 | -€865 | -16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,352 | - | +€28,352 | |
| Other operating charges | 640/8 | €4,786 | €7,273 | +€2,487 | +52.0% |
| Gross operating margin | 9900 | -€76,318 | -€9,194 | +€67,124 | +88.0% |
| Operating profit (loss) | 9901 | -€58,070 | -€20,919 | +€37,151 | +64.0% |
| Financial income | 75/76B | €4,545 | €3,950 | -€595 | -13.1% |
| Recurring financial income | 75 | €4,545 | €3,950 | -€595 | -13.1% |
| Financial charges | 65/66B | €843 | €5,870 | +€5,026 | +596% |
| Recurring financial charges | 65 | €843 | €5,870 | +€5,026 | +596% |
| Profit (loss) for the period before taxes | 9903 | -€54,368 | -€22,839 | +€31,529 | +58.0% |
| Income taxes | 67/77 | €156 | €320 | +€164 | +105% |
| Profit (loss) for the period | 9904 | -€54,524 | -€23,159 | +€31,365 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,524 | -€23,159 | +€31,365 | +57.5% |
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 27 October 2026 via checked.be.