DE SUTTER W & S: 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 W & S
Largest movements
- Tangible fixed assets -€105,309
down €105,309 (-10.4%), from €1.0m to €902,676
- Receivables within one year +€71,965
up €71,965 (+16.5%), from €435,020 to €506,985
of which Trade receivables: +€65,516
- Cash +€52,535
up €52,535 (+1,224%), from €4,293 to €56,827
mainly Net result for the year (+€143,665) and Depreciation (+€127,445)
- Current portion of long-term debt -€69,138
down €69,138 (-83.4%), from €82,947 to €13,809
- Reserves +€43,665
up €43,665 (+6.1%), from €712,348 to €756,013
- Tax, wage and social debts +€40,415
up €40,415 (+47.3%), from €85,509 to €125,925
of which Remuneration and social security: +€58,967
- Debts after one year -€36,309
down €36,309 (-5.4%), from €671,318 to €635,009
- Trade debts +€27,871
up €27,871 (+9.2%), from €302,054 to €329,925
- Gross operating margin +€88,770
up €88,770 (+11.5%), from €772,489 to €861,259
- Staff costs +€40,548
up €40,548 (+8.7%), from €467,205 to €507,753
- Write-downs -€24,915
down €24,915, from €15,095 to -€9,819
- Other operating charges +€19,582
up €19,582 (+121%), from €16,146 to €35,728
- Financial income -€18,644
down €18,644 (-99.3%), from €18,771 to €127
of which Non-recurring financial income: -€18,150
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,183,021 | €2,199,565 | +€16,544 | +0.8% |
| Fixed assets | 21/28 | €1,023,629 | €921,222 | -€102,407 | -10.0% |
| Intangible fixed assets | 21 | €14,225 | €17,101 | +€2,876 | +20.2% |
| Tangible fixed assets | 22/27 | €1,007,985 | €902,676 | -€105,309 | -10.4% |
| Land and buildings | 22 | €685,728 | €648,488 | -€37,240 | -5.4% |
| Plant, machinery and equipment | 23 | €194,132 | €147,996 | -€46,136 | -23.8% |
| Furniture and vehicles | 24 | €68,652 | €55,935 | -€12,717 | -18.5% |
| Other tangible fixed assets | 26 | €59,473 | €50,257 | -€9,216 | -15.5% |
| Financial fixed assets | 28 | €1,420 | €1,445 | +€25 | +1.8% |
| Current assets | 29/58 | €1,159,391 | €1,278,343 | +€118,951 | +10.3% |
| Stocks and contracts in progress | 3 | €710,393 | €697,833 | -€12,560 | -1.8% |
| Stocks | 30/36 | €710,393 | €697,833 | -€12,560 | -1.8% |
| Amounts receivable within one year | 40/41 | €435,020 | €506,985 | +€71,965 | +16.5% |
| Trade receivables | 40 | €426,014 | €491,530 | +€65,516 | +15.4% |
| Other amounts receivable | 41 | €9,006 | €15,455 | +€6,449 | +71.6% |
| Cash at bank and in hand | 54/58 | €4,293 | €56,827 | +€52,535 | +1,224% |
| Deferred charges and accrued income | 490/1 | €9,685 | €16,697 | +€7,012 | +72.4% |
| Total equity and liabilities | 10/49 | €2,183,021 | €2,199,565 | +€16,544 | +0.8% |
| Equity | 10/15 | €948,148 | €991,813 | +€43,665 | +4.6% |
| Contributions | 10/11 | €235,800 | €235,800 | = | 0.0% |
| Reserves | 13 | €712,348 | €756,013 | +€43,665 | +6.1% |
| Distributable reserves | 133 | €712,348 | €756,013 | +€43,665 | +6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,234,872 | €1,207,751 | -€27,121 | -2.2% |
| Amounts payable after more than one year | 17 | €671,318 | €635,009 | -€36,309 | -5.4% |
| Financial debts | 170/4 | €671,318 | €635,009 | -€36,309 | -5.4% |
| Amounts payable within one year | 42/48 | €561,350 | €569,659 | +€8,309 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €82,947 | €13,809 | -€69,138 | -83.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €302,054 | €329,925 | +€27,871 | +9.2% |
| Suppliers | 440/4 | €302,054 | €329,925 | +€27,871 | +9.2% |
| Taxes, remuneration and social security | 45 | €85,509 | €125,925 | +€40,415 | +47.3% |
| Taxes | 450/3 | €59,822 | €41,270 | -€18,552 | -31.0% |
| Remuneration and social security | 454/9 | €25,687 | €84,655 | +€58,967 | +230% |
| Other amounts payable | 47/48 | €90,839 | €100,000 | +€9,161 | +10.1% |
| Accrued charges and deferred income | 492/3 | €2,205 | €3,084 | +€879 | +39.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €467,205 | €507,753 | +€40,548 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,699 | €127,445 | +€8,746 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,095 | -€9,819 | -€24,915 | |
| Other operating charges | 640/8 | €16,146 | €35,728 | +€19,582 | +121% |
| Non-recurring operating charges | 66A | €275 | €325 | +€50 | +18.2% |
| Gross operating margin | 9900 | €772,489 | €861,259 | +€88,770 | +11.5% |
| Operating profit (loss) | 9901 | €155,069 | €199,827 | +€44,758 | +28.9% |
| Financial income | 75/76B | €18,771 | €127 | -€18,644 | -99.3% |
| Recurring financial income | 75 | €621 | €127 | -€494 | -79.6% |
| Non-recurring financial income | 76B | €18,150 | €0 | -€18,150 | -100% |
| Financial charges | 65/66B | €7,440 | €4,754 | -€2,686 | -36.1% |
| Recurring financial charges | 65 | €7,440 | €4,754 | -€2,686 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €166,400 | €195,200 | +€28,800 | +17.3% |
| Income taxes | 67/77 | €42,074 | €51,535 | +€9,461 | +22.5% |
| Profit (loss) for the period | 9904 | €124,326 | €143,665 | +€19,339 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,326 | €143,665 | +€19,339 | +15.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.