J.DESUTTER: what changed
Two fiscal 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.
J.DESUTTER
Largest movements
- Receivables within one year +€147,975
up €147,975 (+23.2%), from €639,042 to €787,017
of which Trade receivables: +€153,658
- Tangible fixed assets -€61,189
down €61,189 (-6.4%), from €953,972 to €892,783
of which Land and buildings: -€44,217
- Cash -€52,904
down €52,904 (-38.3%), from €138,273 to €85,369
mainly Contributions, distributions and other (-€425,000) and Receivables within one year (-€147,975)
- Other debts -€121,160
down €121,160 (-9.4%), from €1.3m to €1.2m
- Tax, wage and social debts +€114,526
up €114,526 (+292.9%), from €39,105 to €153,631
of which Taxes: +€114,526
- Accrued charges and deferred income +€55,663
up €55,663 (+178.2%), from €31,229 to €86,892
- Trade debts -€35,205
down €35,205 (-86.5%), from €40,702 to €5,497
- Reserves +€31,639
up €31,639 (+5273.2%), from €600 to €32,239
- Gross operating margin +€230,455
up €230,455 (+49.1%), from €469,025 to €699,480
- Taxes +€56,195
up €56,195 (+57.8%), from €97,304 to €153,499
- Financial income +€25,279
up €25,279 (+7604.7%), from €332 to €25,611
- Depreciation +€14,480
up €14,480 (+31.0%), from €46,708 to €61,189
- Financial charges +€10,614
up €10,614 (+23.5%), from €45,100 to €55,714
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 | €1,736,343 | €1,770,433 | +€34,090 | +2.0% |
| Fixed assets | 21/28 | €953,972 | €892,783 | -€61,189 | -6.4% |
| Tangible fixed assets | 22/27 | €953,972 | €892,783 | -€61,189 | -6.4% |
| Land and buildings | 22 | €919,025 | €874,808 | -€44,217 | -4.8% |
| Plant, machinery and equipment | 23 | - | €14,483 | +€14,483 | |
| Furniture and vehicles | 24 | €34,947 | €3,492 | -€31,455 | -90.0% |
| Current assets | 29/58 | €782,371 | €877,650 | +€95,279 | +12.2% |
| Amounts receivable within one year | 40/41 | €639,042 | €787,017 | +€147,975 | +23.2% |
| Trade receivables | 40 | €633,359 | €787,017 | +€153,658 | +24.3% |
| Other amounts receivable | 41 | €5,683 | - | -€5,683 | |
| Cash at bank and in hand | 54/58 | €138,273 | €85,369 | -€52,904 | -38.3% |
| Deferred charges and accrued income | 490/1 | €5,056 | €5,265 | +€209 | +4.1% |
| Total equity and liabilities | 10/49 | €1,736,343 | €1,770,433 | +€34,090 | +2.0% |
| Equity | 10/15 | €336,973 | €357,239 | +€20,266 | +6.0% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €600 | €32,239 | +€31,639 | +5273.2% |
| Non-distributable reserves | 130/1 | €600 | €32,239 | +€31,639 | +5273.2% |
| Other | 1319 | €600 | €32,239 | +€31,639 | +5273.2% |
| Profit (loss) carried forward | 14 | €11,373 | - | -€11,373 | |
| Amounts payable | 17/49 | €1,399,370 | €1,413,194 | +€13,824 | +1.0% |
| Amounts payable within one year | 42/48 | €1,368,141 | €1,326,301 | -€41,839 | -3.1% |
| Trade debts | 44 | €40,702 | €5,497 | -€35,205 | -86.5% |
| Suppliers | 440/4 | €40,702 | €5,497 | -€35,205 | -86.5% |
| Taxes, remuneration and social security | 45 | €39,105 | €153,631 | +€114,526 | +292.9% |
| Taxes | 450/3 | €35,259 | €149,785 | +€114,526 | +324.8% |
| Remuneration and social security | 454/9 | €3,846 | €3,846 | = | 0.0% |
| Other amounts payable | 47/48 | €1,288,334 | €1,167,174 | -€121,160 | -9.4% |
| Accrued charges and deferred income | 492/3 | €31,229 | €86,892 | +€55,663 | +178.2% |
| Non-recurring operating income | 76A | €8,457 | - | -€8,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,708 | €61,189 | +€14,480 | +31.0% |
| Other operating charges | 640/8 | €10,689 | €9,422 | -€1,267 | -11.9% |
| Gross operating margin | 9900 | €469,025 | €699,480 | +€230,455 | +49.1% |
| Operating profit (loss) | 9901 | €411,627 | €628,869 | +€217,242 | +52.8% |
| Financial income | 75/76B | €332 | €25,611 | +€25,279 | +7604.7% |
| Recurring financial income | 75 | €332 | €25,611 | +€25,279 | +7604.7% |
| Financial charges | 65/66B | €45,100 | €55,714 | +€10,614 | +23.5% |
| Recurring financial charges | 65 | €45,100 | €55,714 | +€10,614 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €366,859 | €598,766 | +€231,906 | +63.2% |
| Income taxes | 67/77 | €97,304 | €153,499 | +€56,195 | +57.8% |
| Profit (loss) for the period | 9904 | €269,555 | €445,266 | +€175,711 | +65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €269,555 | €445,266 | +€175,711 | +65.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.