De Sutter & Zonen: 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 & Zonen
Largest movements
- Tangible fixed assets +€112,062
up €112,062 (+24.5%), from €457,786 to €569,848
of which Leasing and similar rights: +€130,893
- Stocks and contracts +€83,998
up €83,998 (+46.8%), from €179,521 to €263,519
- Current investments +€52,946
up €52,946 (+8.8%), from €600,000 to €652,946
- Cash +€49,851
up €49,851 (+19.8%), from €251,849 to €301,699
mainly Debts after one year (+€241,011) and Trade debts (+€175,858)
- Debts after one year +€241,011
new in 2025: €241,011
- Provisions -€225,836
down €225,836 (-73.4%), from €307,808 to €81,972
- Trade debts +€175,858
up €175,858 (+201.2%), from €87,397 to €263,255
- Reserves +€133,530
up €133,530 (+17.3%), from €772,288 to €905,817
of which Distributable reserves: +€133,530
- Tax, wage and social debts -€75,843
down €75,843 (-64.1%), from €118,254 to €42,412
of which Taxes: -€80,660
- Gross operating margin -€336,671
down €336,671 (-70.5%), from €477,428 to €140,757
- Provisions -€264,312
down €264,312, from €38,476 to -€225,836
- Taxes -€66,849
down €66,849 (-83.0%), from €80,513 to €13,664
- Financial charges +€11,596
up €11,596 (+908.4%), from €1,277 to €12,873
- Financial income +€11,547
up €11,547 (+122.3%), from €9,439 to €20,985
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 | €1,663,173 | €1,963,604 | +€300,431 | +18.1% |
| Fixed assets | 21/28 | €458,011 | €570,073 | +€112,062 | +24.5% |
| Tangible fixed assets | 22/27 | €457,786 | €569,848 | +€112,062 | +24.5% |
| Land and buildings | 22 | €407,023 | €388,946 | -€18,077 | -4.4% |
| Plant, machinery and equipment | 23 | €35,664 | €46,840 | +€11,176 | +31.3% |
| Furniture and vehicles | 24 | €15,098 | €3,168 | -€11,930 | -79.0% |
| Leasing and similar rights | 25 | - | €130,893 | +€130,893 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €1,205,162 | €1,393,531 | +€188,369 | +15.6% |
| Stocks and contracts in progress | 3 | €179,521 | €263,519 | +€83,998 | +46.8% |
| Stocks | 30/36 | €179,521 | €263,519 | +€83,998 | +46.8% |
| Amounts receivable within one year | 40/41 | €167,871 | €166,419 | -€1,452 | -0.9% |
| Trade receivables | 40 | €167,871 | €140,564 | -€27,307 | -16.3% |
| Other amounts receivable | 41 | €0 | €25,855 | +€25,855 | |
| Current investments | 50/53 | €600,000 | €652,946 | +€52,946 | +8.8% |
| Cash at bank and in hand | 54/58 | €251,849 | €301,699 | +€49,851 | +19.8% |
| Deferred charges and accrued income | 490/1 | €5,922 | €8,948 | +€3,027 | +51.1% |
| Total equity and liabilities | 10/49 | €1,663,173 | €1,963,604 | +€300,431 | +18.1% |
| Equity | 10/15 | €1,147,288 | €1,280,817 | +€133,530 | +11.6% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €772,288 | €905,817 | +€133,530 | +17.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €772,288 | €905,817 | +€133,530 | +17.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €307,808 | €81,972 | -€225,836 | -73.4% |
| Provisions for liabilities and charges | 160/5 | €307,808 | €81,972 | -€225,836 | -73.4% |
| Major repairs and maintenance | 162 | €307,808 | €81,972 | -€225,836 | -73.4% |
| Amounts payable | 17/49 | €208,077 | €600,815 | +€392,737 | +188.7% |
| Amounts payable after more than one year | 17 | - | €241,011 | +€241,011 | |
| Financial debts | 170/4 | - | €241,011 | +€241,011 | |
| Amounts payable within one year | 42/48 | €205,652 | €357,378 | +€151,726 | +73.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €51,711 | +€51,711 | |
| Trade debts | 44 | €87,397 | €263,255 | +€175,858 | +201.2% |
| Suppliers | 440/4 | €87,397 | €263,255 | +€175,858 | +201.2% |
| Taxes, remuneration and social security | 45 | €118,254 | €42,412 | -€75,843 | -64.1% |
| Taxes | 450/3 | €84,134 | €3,473 | -€80,660 | -95.9% |
| Remuneration and social security | 454/9 | €34,121 | €38,938 | +€4,817 | +14.1% |
| Accrued charges and deferred income | 492/3 | €2,426 | €2,426 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €35,116 | +€35,116 | |
| Remuneration, social security and pensions | 62 | €150,892 | €147,864 | -€3,029 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,274 | €60,224 | +€9,951 | +19.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€197 | -€197 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €38,476 | -€225,836 | -€264,312 | |
| Other operating charges | 640/8 | €18,687 | €19,385 | +€698 | +3.7% |
| Non-recurring operating charges | 66A | - | €235 | +€235 | |
| Gross operating margin | 9900 | €477,428 | €140,757 | -€336,671 | -70.5% |
| Operating profit (loss) | 9901 | €219,099 | €139,081 | -€80,017 | -36.5% |
| Financial income | 75/76B | €9,439 | €20,985 | +€11,547 | +122.3% |
| Recurring financial income | 75 | €9,439 | €20,985 | +€11,547 | +122.3% |
| Financial charges | 65/66B | €1,277 | €12,873 | +€11,596 | +908.4% |
| Recurring financial charges | 65 | €1,277 | €12,873 | +€11,596 | +908.4% |
| Profit (loss) for the period before taxes | 9903 | €227,261 | €147,194 | -€80,067 | -35.2% |
| Income taxes | 67/77 | €80,513 | €13,664 | -€66,849 | -83.0% |
| Profit (loss) for the period | 9904 | €146,748 | €133,530 | -€13,218 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,748 | €133,530 | -€13,218 | -9.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.