DIRK DE SUTTER: 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.
DIRK DE SUTTER
Largest movements
- Receivables after one year -€253,942
down €253,942 (-95.8%), from €265,192 to €11,250
- Receivables within one year +€120,825
up €120,825 (+13.1%), from €921,884 to €1.0m
of which Trade receivables: +€61,662
- Tangible fixed assets -€40,168
down €40,168 (-43.2%), from €93,011 to €52,844
of which Furniture and vehicles: -€37,905
- Deferred charges and accrued income +€23,850
up €23,850 (+3909.8%), from €610 to €24,460
- Reserves -€219,914
down €219,914 (-23.2%), from €947,304 to €727,390
- Other debts +€60,530
up €60,530 (+405.2%), from €14,937 to €75,467
- Trade debts +€14,474
up €14,474 (+32.5%), from €44,565 to €59,039
No income-statement line moved by more than 1% of the activity.
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 | €1,288,401 | €1,139,358 | -€149,042 | -11.6% |
| Fixed assets | 21/28 | €93,295 | €53,127 | -€40,168 | -43.1% |
| Tangible fixed assets | 22/27 | €93,011 | €52,844 | -€40,168 | -43.2% |
| Furniture and vehicles | 24 | €87,684 | €49,779 | -€37,905 | -43.2% |
| Other tangible fixed assets | 26 | €5,327 | €3,065 | -€2,262 | -42.5% |
| Financial fixed assets | 28 | €283 | €283 | = | 0.0% |
| Current assets | 29/58 | €1,195,106 | €1,086,231 | -€108,875 | -9.1% |
| Amounts receivable after more than one year | 29 | €265,192 | €11,250 | -€253,942 | -95.8% |
| Other amounts receivable | 291 | €265,192 | €11,250 | -€253,942 | -95.8% |
| Amounts receivable within one year | 40/41 | €921,884 | €1,042,708 | +€120,825 | +13.1% |
| Trade receivables | 40 | €75,629 | €137,291 | +€61,662 | +81.5% |
| Other amounts receivable | 41 | €846,254 | €905,417 | +€59,163 | +7.0% |
| Cash at bank and in hand | 54/58 | €7,420 | €7,813 | +€393 | +5.3% |
| Deferred charges and accrued income | 490/1 | €610 | €24,460 | +€23,850 | +3909.8% |
| Total equity and liabilities | 10/49 | €1,288,401 | €1,139,358 | -€149,042 | -11.6% |
| Equity | 10/15 | €1,003,246 | €783,332 | -€219,914 | -21.9% |
| Contributions | 10/11 | €55,942 | €55,942 | = | 0.0% |
| Reserves | 13 | €947,304 | €727,390 | -€219,914 | -23.2% |
| Distributable reserves | 133 | €947,304 | €727,390 | -€219,914 | -23.2% |
| Amounts payable | 17/49 | €285,155 | €356,026 | +€70,871 | +24.9% |
| Amounts payable within one year | 42/48 | €285,155 | €353,936 | +€68,781 | +24.1% |
| Financial debts | 43 | €10,734 | - | -€10,734 | |
| Credit institutions | 430/8 | €10,734 | - | -€10,734 | |
| Trade debts | 44 | €44,565 | €59,039 | +€14,474 | +32.5% |
| Suppliers | 440/4 | €44,565 | €59,039 | +€14,474 | +32.5% |
| Taxes, remuneration and social security | 45 | €214,919 | €219,430 | +€4,511 | +2.1% |
| Taxes | 450/3 | €135,487 | €128,649 | -€6,838 | -5.0% |
| Remuneration and social security | 454/9 | €79,432 | €90,781 | +€11,350 | +14.3% |
| Other amounts payable | 47/48 | €14,937 | €75,467 | +€60,530 | +405.2% |
| Accrued charges and deferred income | 492/3 | - | €2,090 | +€2,090 | |
| Non-recurring operating income | 76A | €461 | - | -€461 | |
| Remuneration, social security and pensions | 62 | €554,090 | €551,798 | -€2,292 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,605 | €40,168 | -€2,437 | -5.7% |
| Other operating charges | 640/8 | €6,692 | €6,254 | -€438 | -6.5% |
| Gross operating margin | 9900 | €721,960 | €724,696 | +€2,736 | +0.4% |
| Operating profit (loss) | 9901 | €118,573 | €126,476 | +€7,903 | +6.7% |
| Financial income | 75/76B | €5,594 | €6,151 | +€558 | +10.0% |
| Recurring financial income | 75 | €5,594 | €6,151 | +€558 | +10.0% |
| Financial charges | 65/66B | €3,311 | €4,951 | +€1,640 | +49.5% |
| Recurring financial charges | 65 | €3,311 | €4,951 | +€1,640 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €120,856 | €127,677 | +€6,821 | +5.6% |
| Income taxes | 67/77 | €43,670 | €47,650 | +€3,979 | +9.1% |
| Profit (loss) for the period | 9904 | €77,185 | €80,027 | +€2,842 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,185 | €80,027 | +€2,842 | +3.7% |
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 9 October 2026 via checked.be.