DE SUTTER JOHN: 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 JOHN
Largest movements
- Cash +€26,606
up €26,606 (+54.6%), from €48,690 to €75,295
mainly Net result for the year (+€106,821) and Other debts (+€97,978)
- Receivables within one year +€25,315
up €25,315 (+27.6%), from €91,782 to €117,097
of which Trade receivables: +€40,127
- Tangible fixed assets -€15,846
down €15,846 (-11.1%), from €143,194 to €127,349
- Other debts +€97,978
up €97,978 (+113.1%), from €86,662 to €184,640
- Trade debts -€33,818
down €33,818 (-46.4%), from €72,900 to €39,082
- Debts after one year -€22,659
down €22,659 (-32.3%), from €70,245 to €47,586
- Tax, wage and social debts +€7,547
up €7,547 (+102.1%), from €7,392 to €14,940
of which Remuneration and social security: +€4,555
- Reserves -€6,908
no longer reported in 2025 (was €6,908)
- Gross operating margin +€169,235
up €169,235 (+120.0%), from €140,982 to €310,218
- Staff costs +€57,804
up €57,804 (+96.3%), from €60,018 to €117,822
- Taxes +€23,783
up €23,783 (+417.6%), from €5,694 to €29,477
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 | €292,133 | €327,506 | +€35,373 | +12.1% |
| Fixed assets | 21/28 | €143,194 | €127,349 | -€15,846 | -11.1% |
| Tangible fixed assets | 22/27 | €143,194 | €127,349 | -€15,846 | -11.1% |
| Plant, machinery and equipment | 23 | €56,499 | €54,508 | -€1,991 | -3.5% |
| Furniture and vehicles | 24 | €51,830 | €45,037 | -€6,793 | -13.1% |
| Leasing and similar rights | 25 | €33,778 | €27,001 | -€6,778 | -20.1% |
| Other tangible fixed assets | 26 | €1,087 | €803 | -€284 | -26.1% |
| Current assets | 29/58 | €148,939 | €200,158 | +€51,219 | +34.4% |
| Stocks and contracts in progress | 3 | €4,437 | €2,123 | -€2,314 | -52.1% |
| Stocks | 30/36 | €4,437 | €2,123 | -€2,314 | -52.1% |
| Amounts receivable within one year | 40/41 | €91,782 | €117,097 | +€25,315 | +27.6% |
| Trade receivables | 40 | €59,828 | €99,955 | +€40,127 | +67.1% |
| Other amounts receivable | 41 | €31,954 | €17,142 | -€14,812 | -46.4% |
| Cash at bank and in hand | 54/58 | €48,690 | €75,295 | +€26,606 | +54.6% |
| Deferred charges and accrued income | 490/1 | €4,030 | €5,642 | +€1,612 | +40.0% |
| Total equity and liabilities | 10/49 | €292,133 | €327,506 | +€35,373 | +12.1% |
| Equity | 10/15 | €25,508 | €18,600 | -€6,908 | -27.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,908 | - | -€6,908 | |
| Distributable reserves | 133 | €6,908 | - | -€6,908 | |
| Amounts payable | 17/49 | €266,625 | €308,906 | +€42,281 | +15.9% |
| Amounts payable after more than one year | 17 | €70,245 | €47,586 | -€22,659 | -32.3% |
| Financial debts | 170/4 | €70,245 | €47,586 | -€22,659 | -32.3% |
| Amounts payable within one year | 42/48 | €195,607 | €261,320 | +€65,713 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €28,653 | €22,659 | -€5,994 | -20.9% |
| Trade debts | 44 | €72,900 | €39,082 | -€33,818 | -46.4% |
| Suppliers | 440/4 | €72,900 | €39,082 | -€33,818 | -46.4% |
| Taxes, remuneration and social security | 45 | €7,392 | €14,940 | +€7,547 | +102.1% |
| Taxes | 450/3 | €3,008 | €6,000 | +€2,992 | +99.5% |
| Remuneration and social security | 454/9 | €4,385 | €8,940 | +€4,555 | +103.9% |
| Other amounts payable | 47/48 | €86,662 | €184,640 | +€97,978 | +113.1% |
| Accrued charges and deferred income | 492/3 | €773 | - | -€773 | |
| Remuneration, social security and pensions | 62 | €60,018 | €117,822 | +€57,804 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,817 | €42,721 | +€2,904 | +7.3% |
| Other operating charges | 640/8 | €1,532 | €1,199 | -€332 | -21.7% |
| Gross operating margin | 9900 | €140,982 | €310,218 | +€169,235 | +120.0% |
| Operating profit (loss) | 9901 | €39,616 | €148,476 | +€108,860 | +274.8% |
| Financial charges | 65/66B | €9,970 | €12,177 | +€2,207 | +22.1% |
| Recurring financial charges | 65 | €9,970 | €12,177 | +€2,207 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €29,646 | €136,299 | +€106,653 | +359.8% |
| Income taxes | 67/77 | €5,694 | €29,477 | +€23,783 | +417.6% |
| Profit (loss) for the period | 9904 | €23,951 | €106,821 | +€82,870 | +346.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,951 | €106,821 | +€82,870 | +346.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.