De Sutter Projects: 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 Projects
Largest movements
- Stocks and contracts +€326,167
new in 2025: €326,167
- Receivables within one year +€7,294
up €7,294 (+1260.3%), from €579 to €7,873
- Trade debts +€257,111
up €257,111 (+39349.7%), from €653 to €257,764
- Other debts +€89,194
up €89,194 (+38.7%), from €230,185 to €319,379
- Profit (loss) carried forward -€23,878
down €23,878 (-23.6%), from -€101,361 to -€125,240
- Advances received +€15,000
new in 2025: €15,000
- Purchases and services +€332,094
new in 2025: €332,094
- Gross operating margin -€3,211
down €3,211 (-118.2%), from -€2,717 to -€5,927
- Financial charges -€2,237
down €2,237 (-11.9%), from €18,815 to €16,579
- Other operating charges +€210
up €210 (+18.1%), from €1,162 to €1,372
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 | €331,627 | €672,565 | +€340,938 | +102.8% |
| Fixed assets | 21/28 | €329,800 | €332,167 | +€2,367 | +0.7% |
| Intangible fixed assets | 21 | - | €6,000 | +€6,000 | |
| Tangible fixed assets | 22/27 | €329,800 | €326,167 | -€3,633 | -1.1% |
| Land and buildings | 22 | €300,000 | - | -€300,000 | |
| Plant, machinery and equipment | 23 | €6,000 | - | -€6,000 | |
| Assets under construction and advance payments | 27 | €23,800 | €326,167 | +€302,367 | +1270.4% |
| Current assets | 29/58 | €1,827 | €340,398 | +€338,571 | +18531.9% |
| Stocks and contracts in progress | 3 | - | €326,167 | +€326,167 | |
| Stocks | 30/36 | - | €326,167 | +€326,167 | |
| Amounts receivable within one year | 40/41 | €579 | €7,873 | +€7,294 | +1260.3% |
| Other amounts receivable | 41 | €579 | €7,873 | +€7,294 | +1260.3% |
| Cash at bank and in hand | 54/58 | €1,107 | €6,217 | +€5,111 | +461.9% |
| Deferred charges and accrued income | 490/1 | €142 | €141 | -€1 | -0.6% |
| Total equity and liabilities | 10/49 | €331,627 | €672,565 | +€340,938 | +102.8% |
| Equity | 10/15 | -€94,211 | -€118,090 | -€23,878 | -25.3% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €850 | €850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €850 | €850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €850 | €850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,361 | -€125,240 | -€23,878 | -23.6% |
| Amounts payable | 17/49 | €425,839 | €790,655 | +€364,816 | +85.7% |
| Amounts payable within one year | 42/48 | €425,839 | €787,143 | +€361,304 | +84.8% |
| Financial debts | 43 | €195,000 | €195,000 | = | 0.0% |
| Credit institutions | 430/8 | €195,000 | €195,000 | = | 0.0% |
| Trade debts | 44 | €653 | €257,764 | +€257,111 | +39349.7% |
| Suppliers | 440/4 | €653 | €257,764 | +€257,111 | +39349.7% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Other amounts payable | 47/48 | €230,185 | €319,379 | +€89,194 | +38.7% |
| Accrued charges and deferred income | 492/3 | - | €3,512 | +€3,512 | |
| Non-recurring operating income | 76A | €1,558 | - | -€1,558 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €332,094 | +€332,094 | |
| Other operating charges | 640/8 | €1,162 | €1,372 | +€210 | +18.1% |
| Gross operating margin | 9900 | -€2,717 | -€5,927 | -€3,211 | -118.2% |
| Operating profit (loss) | 9901 | -€3,879 | -€7,300 | -€3,421 | -88.2% |
| Financial charges | 65/66B | €18,815 | €16,579 | -€2,237 | -11.9% |
| Recurring financial charges | 65 | €18,815 | €16,579 | -€2,237 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,694 | -€23,878 | -€1,184 | -5.2% |
| Profit (loss) for the period | 9904 | -€22,694 | -€23,878 | -€1,184 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,694 | -€23,878 | -€1,184 | -5.2% |
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 11 October 2026 via checked.be.