DE SUTTER ELECTRONICS: 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.
DE SUTTER ELECTRONICS
Largest movements
- Cash -€351,110
down €351,110 (-68.1%), from €515,760 to €164,650
mainly Other debts (-€149,278) and Contributions, distributions and other (-€146,000)
- Receivables after one year +€140,000
new in 2025: €140,000
- Stocks and contracts +€63,355
up €63,355 (+46.0%), from €137,797 to €201,152
of which Contracts in progress: +€98,532
- Receivables within one year +€49,791
up €49,791 (+19.1%), from €260,343 to €310,134
of which Trade receivables: +€58,151
- Tangible fixed assets +€36,117
up €36,117 (+25.1%), from €143,766 to €179,883
of which Furniture and vehicles: +€33,957
- Other debts -€149,278
down €149,278 (-50.6%), from €295,278 to €146,000
- Current portion of long-term debt +€97,838
up €97,838 (+166.8%), from €58,644 to €156,482
- Tax, wage and social debts -€84,963
down €84,963 (-39.4%), from €215,384 to €130,421
of which Remuneration and social security: -€60,831
- Trade debts +€44,163
up €44,163 (+41.5%), from €106,313 to €150,476
- Debts after one year +€16,571
up €16,571 (+21.4%), from €77,400 to €93,971
- Gross operating margin +€70,574
up €70,574 (+5.0%), from €1.4m to €1.5m
- Staff costs +€38,079
up €38,079 (+3.3%), from €1.2m to €1.2m
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 | €1,086,685 | €1,026,073 | -€60,612 | -5.6% |
| Fixed assets | 21/28 | €158,335 | €184,883 | +€26,548 | +16.8% |
| Intangible fixed assets | 21 | €14,569 | €5,000 | -€9,569 | -65.7% |
| Tangible fixed assets | 22/27 | €143,766 | €179,883 | +€36,117 | +25.1% |
| Plant, machinery and equipment | 23 | €28,955 | €31,722 | +€2,767 | +9.6% |
| Furniture and vehicles | 24 | €112,387 | €146,344 | +€33,957 | +30.2% |
| Other tangible fixed assets | 26 | €2,424 | €1,816 | -€608 | -25.1% |
| Current assets | 29/58 | €928,350 | €841,190 | -€87,160 | -9.4% |
| Amounts receivable after more than one year | 29 | - | €140,000 | +€140,000 | |
| Other amounts receivable | 291 | - | €140,000 | +€140,000 | |
| Stocks and contracts in progress | 3 | €137,797 | €201,152 | +€63,355 | +46.0% |
| Stocks | 30/36 | €137,797 | €102,620 | -€35,177 | -25.5% |
| Contracts in progress | 37 | - | €98,532 | +€98,532 | |
| Amounts receivable within one year | 40/41 | €260,343 | €310,134 | +€49,791 | +19.1% |
| Trade receivables | 40 | €251,983 | €310,134 | +€58,151 | +23.1% |
| Other amounts receivable | 41 | €8,360 | - | -€8,360 | |
| Cash at bank and in hand | 54/58 | €515,760 | €164,650 | -€351,110 | -68.1% |
| Deferred charges and accrued income | 490/1 | €14,450 | €25,255 | +€10,805 | +74.8% |
| Total equity and liabilities | 10/49 | €1,086,685 | €1,026,073 | -€60,612 | -5.6% |
| Equity | 10/15 | €333,200 | €334,140 | +€940 | +0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €271,200 | €272,140 | +€940 | +0.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €265,000 | €265,940 | +€940 | +0.4% |
| Amounts payable | 17/49 | €753,485 | €691,933 | -€61,552 | -8.2% |
| Amounts payable after more than one year | 17 | €77,400 | €93,971 | +€16,571 | +21.4% |
| Financial debts | 170/4 | €77,400 | €93,971 | +€16,571 | +21.4% |
| Amounts payable within one year | 42/48 | €675,619 | €583,379 | -€92,240 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €58,644 | €156,482 | +€97,838 | +166.8% |
| Trade debts | 44 | €106,313 | €150,476 | +€44,163 | +41.5% |
| Suppliers | 440/4 | €106,313 | €150,476 | +€44,163 | +41.5% |
| Taxes, remuneration and social security | 45 | €215,384 | €130,421 | -€84,963 | -39.4% |
| Taxes | 450/3 | €58,050 | €33,918 | -€24,132 | -41.6% |
| Remuneration and social security | 454/9 | €157,334 | €96,503 | -€60,831 | -38.7% |
| Other amounts payable | 47/48 | €295,278 | €146,000 | -€149,278 | -50.6% |
| Accrued charges and deferred income | 492/3 | €466 | €14,583 | +€14,117 | +3029.3% |
| Remuneration, social security and pensions | 62 | €1,160,540 | €1,198,619 | +€38,079 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,023 | €65,990 | +€6,967 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,079 | -€3,961 | -€5,040 | |
| Other operating charges | 640/8 | €17,387 | €3,099 | -€14,288 | -82.2% |
| Non-recurring operating charges | 66A | - | €396 | +€396 | |
| Gross operating margin | 9900 | €1,411,814 | €1,482,388 | +€70,574 | +5.0% |
| Operating profit (loss) | 9901 | €173,785 | €218,245 | +€44,460 | +25.6% |
| Financial income | 75/76B | €1,072 | €796 | -€276 | -25.7% |
| Recurring financial income | 75 | €1,072 | €796 | -€276 | -25.7% |
| Financial charges | 65/66B | €6,096 | €6,841 | +€745 | +12.2% |
| Recurring financial charges | 65 | €5,961 | €6,841 | +€880 | +14.8% |
| Non-recurring financial charges | 66B | €135 | - | -€135 | |
| Profit (loss) for the period before taxes | 9903 | €168,761 | €212,199 | +€43,438 | +25.7% |
| Income taxes | 67/77 | €53,761 | €65,259 | +€11,498 | +21.4% |
| Profit (loss) for the period | 9904 | €115,000 | €146,940 | +€31,940 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €115,000 | €146,940 | +€31,940 | +27.8% |
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 8 October 2026 via checked.be.