Drieghe - 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.
Drieghe - De Sutter
Largest movements
- Cash +€30,383
up €30,383 (+131%), from €23,253 to €53,636
mainly Trade debts (+€68,536) and Depreciation (+€51,859)
- Stocks and contracts +€23,000
up €23,000 (+140%), from €16,411 to €39,411
- Tangible fixed assets +€9,210
up €9,210 (+2.1%), from €434,993 to €444,202
of which Furniture and vehicles: +€5,757
- Trade debts +€68,536
up €68,536 (+310%), from €22,125 to €90,661
- Other debts -€62,773
down €62,773 (-78.4%), from €80,105 to €17,333
- Current portion of long-term debt +€27,731
up €27,731 (+121%), from €22,855 to €50,585
- Tax, wage and social debts +€25,749
up €25,749 (+78.0%), from €33,020 to €58,769
of which Taxes: +€23,261
- Profit (loss) carried forward +€8,724
up €8,724, from -€8,724 to €0
- Gross operating margin +€146,281
up €146,281 (+137%), from €106,854 to €253,135
- Staff costs +€103,818
up €103,818 (+324%), from €32,000 to €135,818
- Financial charges +€24,010
up €24,010 (+170%), from €14,108 to €38,118
- Other operating charges +€14,811
up €14,811 (+399%), from €3,714 to €18,525
- Depreciation +€4,354
up €4,354 (+9.2%), from €47,505 to €51,859
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €482,436 | €549,616 | +€67,181 | +13.9% |
| Fixed assets | 21/28 | €440,352 | €448,729 | +€8,377 | +1.9% |
| Intangible fixed assets | 21 | €3,816 | €2,984 | -€833 | -21.8% |
| Tangible fixed assets | 22/27 | €434,993 | €444,202 | +€9,210 | +2.1% |
| Plant, machinery and equipment | 23 | €22,697 | €23,885 | +€1,188 | +5.2% |
| Furniture and vehicles | 24 | €47,100 | €52,857 | +€5,757 | +12.2% |
| Other tangible fixed assets | 26 | €365,195 | €367,460 | +€2,264 | +0.6% |
| Financial fixed assets | 28 | €1,543 | €1,543 | = | 0.0% |
| Current assets | 29/58 | €42,083 | €100,887 | +€58,803 | +140% |
| Stocks and contracts in progress | 3 | €16,411 | €39,411 | +€23,000 | +140% |
| Stocks | 30/36 | €16,411 | €39,411 | +€23,000 | +140% |
| Amounts receivable within one year | 40/41 | €1,400 | €2,104 | +€703 | +50.2% |
| Trade receivables | 40 | €1,395 | €2,097 | +€703 | +50.4% |
| Other amounts receivable | 41 | €6 | €6 | +€1 | +12.9% |
| Cash at bank and in hand | 54/58 | €23,253 | €53,636 | +€30,383 | +131% |
| Deferred charges and accrued income | 490/1 | €1,018 | €5,735 | +€4,717 | +463% |
| Total equity and liabilities | 10/49 | €482,436 | €549,616 | +€67,181 | +13.9% |
| Equity | 10/15 | €59,876 | €69,185 | +€9,309 | +15.5% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | - | €585 | +€585 | |
| Distributable reserves | 133 | - | €585 | +€585 | |
| Profit (loss) carried forward | 14 | -€8,724 | €0 | +€8,724 | |
| Amounts payable | 17/49 | €422,560 | €480,431 | +€57,872 | +13.7% |
| Amounts payable after more than one year | 17 | €264,455 | €263,084 | -€1,372 | -0.5% |
| Financial debts | 170/4 | €264,455 | €243,084 | -€21,372 | -8.1% |
| Other amounts payable | 178/9 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €158,104 | €217,348 | +€59,243 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €22,855 | €50,585 | +€27,731 | +121% |
| Trade debts | 44 | €22,125 | €90,661 | +€68,536 | +310% |
| Suppliers | 440/4 | €22,125 | €90,661 | +€68,536 | +310% |
| Taxes, remuneration and social security | 45 | €33,020 | €58,769 | +€25,749 | +78.0% |
| Taxes | 450/3 | €25,202 | €48,462 | +€23,261 | +92.3% |
| Remuneration and social security | 454/9 | €7,818 | €10,307 | +€2,489 | +31.8% |
| Other amounts payable | 47/48 | €80,105 | €17,333 | -€62,773 | -78.4% |
| Remuneration, social security and pensions | 62 | €32,000 | €135,818 | +€103,818 | +324% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,505 | €51,859 | +€4,354 | +9.2% |
| Other operating charges | 640/8 | €3,714 | €18,525 | +€14,811 | +399% |
| Non-recurring operating charges | 66A | €2,426 | €0 | -€2,426 | -100% |
| Gross operating margin | 9900 | €106,854 | €253,135 | +€146,281 | +137% |
| Operating profit (loss) | 9901 | €21,209 | €46,933 | +€25,725 | +121% |
| Financial income | 75/76B | €257 | €711 | +€453 | +176% |
| Recurring financial income | 75 | €257 | €711 | +€453 | +176% |
| Financial charges | 65/66B | €14,108 | €38,118 | +€24,010 | +170% |
| Recurring financial charges | 65 | €14,108 | €38,118 | +€24,010 | +170% |
| Profit (loss) for the period before taxes | 9903 | €7,358 | €9,525 | +€2,168 | +29.5% |
| Income taxes | 67/77 | €132 | €216 | +€84 | +63.2% |
| Profit (loss) for the period | 9904 | €7,225 | €9,309 | +€2,084 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,225 | €9,309 | +€2,084 | +28.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.