DE SUTTER ENGINEERING: 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.
DE SUTTER ENGINEERING
Largest movements
- Current investments -€125,000
down €125,000 (-27.5%), from €455,285 to €330,285
- Cash +€116,028
up €116,028 (+68.5%), from €169,453 to €285,481
mainly Net result for the year (+€133,089) and Current investments (+€125,000)
- Receivables within one year +€23,838
new in 2025: €23,838
of which Trade receivables: +€18,850
- Reserves +€31,089
up €31,089 (+5.2%), from €599,911 to €631,000
- Tax, wage and social debts -€14,342
down €14,342 (-72.5%), from €19,775 to €5,433
- Gross operating margin +€24,881
up €24,881 (+15.2%), from €163,372 to €188,253
- Taxes +€7,299
up €7,299 (+14.8%), from €49,178 to €56,477
- Financial income -€2,648
down €2,648 (-35.2%), from €7,535 to €4,886
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 | €639,946 | €655,270 | +€15,324 | +2.4% |
| Fixed assets | 21/28 | €15,099 | €15,557 | +€458 | +3.0% |
| Tangible fixed assets | 22/27 | €15,099 | €15,557 | +€458 | +3.0% |
| Plant, machinery and equipment | 23 | €3,133 | €2,039 | -€1,094 | -34.9% |
| Other tangible fixed assets | 26 | €11,966 | €13,518 | +€1,552 | +13.0% |
| Current assets | 29/58 | €624,847 | €639,713 | +€14,867 | +2.4% |
| Amounts receivable within one year | 40/41 | - | €23,838 | +€23,838 | |
| Trade receivables | 40 | - | €18,850 | +€18,850 | |
| Other amounts receivable | 41 | - | €4,988 | +€4,988 | |
| Current investments | 50/53 | €455,285 | €330,285 | -€125,000 | -27.5% |
| Cash at bank and in hand | 54/58 | €169,453 | €285,481 | +€116,028 | +68.5% |
| Deferred charges and accrued income | 490/1 | €108 | €109 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €639,946 | €655,270 | +€15,324 | +2.4% |
| Equity | 10/15 | €618,511 | €649,600 | +€31,089 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €599,911 | €631,000 | +€31,089 | +5.2% |
| Distributable reserves | 133 | €599,911 | €631,000 | +€31,089 | +5.2% |
| Amounts payable | 17/49 | €21,435 | €5,671 | -€15,765 | -73.5% |
| Amounts payable within one year | 42/48 | €21,435 | €5,671 | -€15,765 | -73.5% |
| Trade debts | 44 | €268 | €220 | -€47 | -17.7% |
| Suppliers | 440/4 | €268 | €220 | -€47 | -17.7% |
| Taxes, remuneration and social security | 45 | €19,775 | €5,433 | -€14,342 | -72.5% |
| Taxes | 450/3 | €19,775 | €5,433 | -€14,342 | -72.5% |
| Other amounts payable | 47/48 | €1,393 | €17 | -€1,376 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,588 | €3,379 | -€209 | -5.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €163,372 | €188,253 | +€24,881 | +15.2% |
| Operating profit (loss) | 9901 | €159,658 | €184,746 | +€25,089 | +15.7% |
| Financial income | 75/76B | €7,535 | €4,886 | -€2,648 | -35.2% |
| Recurring financial income | 75 | €7,535 | €4,886 | -€2,648 | -35.2% |
| Financial charges | 65/66B | €609 | €66 | -€543 | -89.2% |
| Recurring financial charges | 65 | €609 | €66 | -€543 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €166,583 | €189,566 | +€22,983 | +13.8% |
| Income taxes | 67/77 | €49,178 | €56,477 | +€7,299 | +14.8% |
| Profit (loss) for the period | 9904 | €117,405 | €133,089 | +€15,684 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,405 | €133,089 | +€15,684 | +13.4% |
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 25 October 2026 via checked.be.