SUTORES: 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.
SUTORES
Largest movements
- Receivables within one year -€16,046
down €16,046 (-15.5%), from €103,226 to €87,180
of which Trade receivables: -€20,363
- Tangible fixed assets +€2,487
up €2,487 (+15.5%), from €16,068 to €18,555
of which Furniture and vehicles: +€1,457
- Receivables after one year -€2,333
down €2,333 (-9.5%), from €24,500 to €22,166
- Cash +€2,103
up €2,103 (+41.2%), from €5,111 to €7,214
mainly Net result for the year (+€76,057) and Receivables within one year (+€16,046)
- Deferred charges and accrued income -€1,714
down €1,714 (-79.3%), from €2,161 to €447
- Other debts -€92,889
down €92,889 (-76.6%), from €121,227 to €28,338
- Reserves +€76,057
up €76,057, from €0 to €76,057
- Current portion of long-term debt +€3,362
up €3,362, from €0 to €3,362
- Accrued charges and deferred income -€2,090
down €2,090 (-73.9%), from €2,826 to €736
- Gross operating margin +€61,807
up €61,807 (+150%), from €41,133 to €102,940
- Taxes +€12,850
up €12,850 (+164%), from €7,833 to €20,683
- Financial charges -€2,265
down €2,265 (-64.4%), from €3,515 to €1,250
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.
Derived cash bridge
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 | €153,927 | €138,424 | -€15,503 | -10.1% |
| Fixed assets | 21/28 | €18,930 | €21,417 | +€2,487 | +13.1% |
| Tangible fixed assets | 22/27 | €16,068 | €18,555 | +€2,487 | +15.5% |
| Furniture and vehicles | 24 | €5,010 | €6,468 | +€1,457 | +29.1% |
| Other tangible fixed assets | 26 | €11,058 | €12,087 | +€1,029 | +9.3% |
| Financial fixed assets | 28 | €2,862 | €2,862 | = | 0.0% |
| Current assets | 29/58 | €134,997 | €117,007 | -€17,990 | -13.3% |
| Amounts receivable after more than one year | 29 | €24,500 | €22,166 | -€2,333 | -9.5% |
| Other amounts receivable | 291 | €24,500 | €22,166 | -€2,333 | -9.5% |
| Amounts receivable within one year | 40/41 | €103,226 | €87,180 | -€16,046 | -15.5% |
| Trade receivables | 40 | €55,375 | €35,012 | -€20,363 | -36.8% |
| Other amounts receivable | 41 | €47,851 | €52,168 | +€4,317 | +9.0% |
| Cash at bank and in hand | 54/58 | €5,111 | €7,214 | +€2,103 | +41.2% |
| Deferred charges and accrued income | 490/1 | €2,161 | €447 | -€1,714 | -79.3% |
| Total equity and liabilities | 10/49 | €153,927 | €138,424 | -€15,503 | -10.1% |
| Equity | 10/15 | €5,000 | €81,057 | +€76,057 | +1,521% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | €76,057 | +€76,057 | |
| Distributable reserves | 133 | €0 | €76,057 | +€76,057 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €148,927 | €57,367 | -€91,560 | -61.5% |
| Amounts payable within one year | 42/48 | €146,101 | €56,630 | -€89,470 | -61.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,362 | +€3,362 | |
| Trade debts | 44 | €3,318 | €2,936 | -€382 | -11.5% |
| Suppliers | 440/4 | €3,318 | €2,936 | -€382 | -11.5% |
| Taxes, remuneration and social security | 45 | €21,556 | €21,994 | +€438 | +2.0% |
| Taxes | 450/3 | €21,556 | €21,994 | +€438 | +2.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €121,227 | €28,338 | -€92,889 | -76.6% |
| Accrued charges and deferred income | 492/3 | €2,826 | €736 | -€2,090 | -73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,830 | €4,010 | +€180 | +4.7% |
| Other operating charges | 640/8 | €730 | €1,061 | +€331 | +45.4% |
| Non-recurring operating charges | 66A | - | €548 | +€548 | |
| Gross operating margin | 9900 | €41,133 | €102,940 | +€61,807 | +150% |
| Operating profit (loss) | 9901 | €36,574 | €97,321 | +€60,748 | +166% |
| Financial income | 75/76B | €733 | €669 | -€64 | -8.7% |
| Recurring financial income | 75 | €733 | €669 | -€64 | -8.7% |
| Financial charges | 65/66B | €3,515 | €1,250 | -€2,265 | -64.4% |
| Recurring financial charges | 65 | €3,515 | €1,250 | -€2,265 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €33,791 | €96,740 | +€62,949 | +186% |
| Income taxes | 67/77 | €7,833 | €20,683 | +€12,850 | +164% |
| Profit (loss) for the period | 9904 | €25,958 | €76,057 | +€50,099 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €25,958 | €76,057 | +€50,099 | +193% |
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 18 October 2026 via checked.be.