SUTOR: 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.
SUTOR
Largest movements
- Cash +€121,064
up €121,064 (+128.2%), from €94,417 to €215,481
mainly Investment in fixed assets (net) (+€96,340) and Depreciation (+€81,794)
- Financial fixed assets -€96,340
down €96,340 (-98.8%), from €97,557 to €1,217
- Receivables after one year +€88,616
up €88,616 (+37.0%), from €239,513 to €328,129
- Tangible fixed assets -€81,794
down €81,794 (-5.3%), from €1.6m to €1.5m
of which Land and buildings: -€68,118
- Profit (loss) carried forward +€28,582
up €28,582 (+1.4%), from -€2.1m to -€2.1m
- Gross operating margin -€44,039
down €44,039 (-26.1%), from €168,986 to €124,947
- Financial income +€30,427
up €30,427 (+422.0%), from €7,210 to €37,637
of which Non-recurring financial income: +€28,780
- Financial charges -€11,231
down €11,231 (-19.8%), from €56,777 to €45,546
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 | €2,054,020 | €2,076,351 | +€22,331 | +1.1% |
| Fixed assets | 21/28 | €1,655,024 | €1,476,890 | -€178,134 | -10.8% |
| Tangible fixed assets | 22/27 | €1,557,467 | €1,475,673 | -€81,794 | -5.3% |
| Land and buildings | 22 | €1,522,845 | €1,454,727 | -€68,118 | -4.5% |
| Furniture and vehicles | 24 | €34,622 | €20,946 | -€13,677 | -39.5% |
| Financial fixed assets | 28 | €97,557 | €1,217 | -€96,340 | -98.8% |
| Current assets | 29/58 | €398,995 | €599,461 | +€200,466 | +50.2% |
| Amounts receivable after more than one year | 29 | €239,513 | €328,129 | +€88,616 | +37.0% |
| Other amounts receivable | 291 | €239,513 | €328,129 | +€88,616 | +37.0% |
| Amounts receivable within one year | 40/41 | €60,269 | €55,851 | -€4,418 | -7.3% |
| Trade receivables | 40 | €55,847 | €51,428 | -€4,418 | -7.9% |
| Other amounts receivable | 41 | €4,422 | €4,422 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,417 | €215,481 | +€121,064 | +128.2% |
| Deferred charges and accrued income | 490/1 | €4,796 | €0 | -€4,796 | -100.0% |
| Total equity and liabilities | 10/49 | €2,054,020 | €2,076,351 | +€22,331 | +1.1% |
| Equity | 10/15 | €742,071 | €770,653 | +€28,582 | +3.9% |
| Contributions | 10/11 | €2,256,000 | €2,256,000 | = | 0.0% |
| Reserves | 13 | €577,423 | €577,423 | = | 0.0% |
| Distributable reserves | 133 | €577,423 | €577,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,091,352 | -€2,062,770 | +€28,582 | +1.4% |
| Amounts payable | 17/49 | €1,311,949 | €1,305,698 | -€6,251 | -0.5% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,205,093 | €1,197,399 | -€7,694 | -0.6% |
| Financial debts | 43 | €1,175,000 | €1,175,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,175,000 | €1,175,000 | = | 0.0% |
| Trade debts | 44 | €18,557 | €12,062 | -€6,494 | -35.0% |
| Suppliers | 440/4 | €18,557 | €12,062 | -€6,494 | -35.0% |
| Taxes, remuneration and social security | 45 | €11,536 | €10,337 | -€1,199 | -10.4% |
| Taxes | 450/3 | €10,342 | €10,337 | -€5 | -0.1% |
| Remuneration and social security | 454/9 | €1,194 | €0 | -€1,194 | -100.0% |
| Accrued charges and deferred income | 492/3 | €6,856 | €8,299 | +€1,443 | +21.0% |
| Non-recurring operating income | 76A | €22,053 | €0 | -€22,053 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,779 | €81,794 | +€16 | 0.0% |
| Other operating charges | 640/8 | €6,461 | €6,661 | +€199 | +3.1% |
| Gross operating margin | 9900 | €168,986 | €124,947 | -€44,039 | -26.1% |
| Operating profit (loss) | 9901 | €80,746 | €36,492 | -€44,254 | -54.8% |
| Financial income | 75/76B | €7,210 | €37,637 | +€30,427 | +422.0% |
| Recurring financial income | 75 | €7,210 | €8,857 | +€1,647 | +22.8% |
| Non-recurring financial income | 76B | - | €28,780 | +€28,780 | |
| Financial charges | 65/66B | €56,777 | €45,546 | -€11,231 | -19.8% |
| Recurring financial charges | 65 | €56,777 | €45,546 | -€11,231 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €31,179 | €28,582 | -€2,597 | -8.3% |
| Income taxes | 67/77 | €1,194 | €0 | -€1,194 | -100.0% |
| Profit (loss) for the period | 9904 | €29,985 | €28,582 | -€1,403 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,985 | €28,582 | -€1,403 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.