Denktank De Sutter: what changed
What changed
Denktank De Sutter
NACE 69.209, Other tax advisory services
filed annual accounts (NBB)
Net result for the year
€24,317
2024 · €30,285-€5,968
Equity
€25,317
2024 · €108,521-€83,205
Cash
€29,597
2024 · €40,129-€10,531
Balance sheet total
€292,688
2024 · €239,314+€53,374
Largest movements
Assets
- Tangible fixed assets +€81,187
up €81,187 (+460%), from €17,650 to €98,838
- Receivables within one year -€17,017
down €17,017 (-14.7%), from €115,840 to €98,823
of which Trade receivables: -€12,100
- Cash -€10,531
down €10,531 (-26.2%), from €40,129 to €29,597
mainly Contributions, distributions and other (-€107,521) and Investment in fixed assets (net) (-€93,425)
Equity and liabilities
- Trade debts +€100,087
new in 2025: €100,087
- Reserves -€83,205
down €83,205 (-77.4%), from €107,521 to €24,317
of which Distributable reserves: -€79,512
- Other debts +€64,526
up €64,526 (+65.6%), from €98,392 to €162,918
- Tax, wage and social debts -€17,933
down €17,933 (-96.9%), from €18,516 to €583
- Current portion of long-term debt -€5,240
down €5,240 (-58.1%), from €9,024 to €3,783
Income statement
- Gross operating margin -€6,357
down €6,357 (-11.5%), from €55,369 to €49,012
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,285
Gross operating margin
-€6,357
Depreciation
-€203
Other operating charges
-€80
Financial income
+€2
Financial charges
+€496
Taxes
+€173
Result 2025
€24,317
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€199,439
Investment
-€93,425
Financing
-€116,545
Cash 2024
€40,129
From operations (derived)
+€199,439
Net result for the year
+€24,317
Depreciation
+€12,238
Receivables within one year
+€17,017
Deferred charges and accrued income
+€265
Trade debts
+€100,087
Tax, wage and social debts
-€17,933
Other debts
+€64,526
Accrued charges and deferred income
-€1,077
Investment (derived)
-€93,425
Investment in fixed assets (net)
-€93,425
Financing
-€116,545
Debts after one year
-€3,783
Current portion of long-term debt
-€5,240
Contributions, distributions and other
-€107,521
Cash 2025
€29,597
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,314 | €292,688 | +€53,374 | +22.3% |
| Fixed assets | 21/28 | €82,650 | €163,838 | +€81,187 | +98.2% |
| Tangible fixed assets | 22/27 | €17,650 | €98,838 | +€81,187 | +460% |
| Furniture and vehicles | 24 | €17,650 | €98,838 | +€81,187 | +460% |
| Financial fixed assets | 28 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €156,664 | €128,851 | -€27,813 | -17.8% |
| Amounts receivable within one year | 40/41 | €115,840 | €98,823 | -€17,017 | -14.7% |
| Trade receivables | 40 | €89,197 | €77,097 | -€12,100 | -13.6% |
| Other amounts receivable | 41 | €26,643 | €21,726 | -€4,917 | -18.5% |
| Cash at bank and in hand | 54/58 | €40,129 | €29,597 | -€10,531 | -26.2% |
| Deferred charges and accrued income | 490/1 | €695 | €430 | -€265 | -38.1% |
| Total equity and liabilities | 10/49 | €239,314 | €292,688 | +€53,374 | +22.3% |
| Equity | 10/15 | €108,521 | €25,317 | -€83,205 | -76.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €107,521 | €24,317 | -€83,205 | -77.4% |
| Tax-exempt reserves | 132 | €3,693 | €0 | -€3,693 | -100% |
| Distributable reserves | 133 | €103,829 | €24,317 | -€79,512 | -76.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €130,793 | €267,372 | +€136,579 | +104% |
| Amounts payable after more than one year | 17 | €3,783 | €0 | -€3,783 | -100% |
| Financial debts | 170/4 | €3,783 | €0 | -€3,783 | -100% |
| Amounts payable within one year | 42/48 | €125,932 | €267,372 | +€141,440 | +112% |
| Current portion of amounts payable after more than one year | 42 | €9,024 | €3,783 | -€5,240 | -58.1% |
| Trade debts | 44 | - | €100,087 | +€100,087 | |
| Suppliers | 440/4 | - | €100,087 | +€100,087 | |
| Taxes, remuneration and social security | 45 | €18,516 | €583 | -€17,933 | -96.9% |
| Taxes | 450/3 | €18,516 | €583 | -€17,933 | -96.9% |
| Other amounts payable | 47/48 | €98,392 | €162,918 | +€64,526 | +65.6% |
| Accrued charges and deferred income | 492/3 | €1,077 | €0 | -€1,077 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,035 | €12,238 | +€203 | +1.7% |
| Other operating charges | 640/8 | €883 | €962 | +€80 | +9.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €55,369 | €49,012 | -€6,357 | -11.5% |
| Operating profit (loss) | 9901 | €42,451 | €35,812 | -€6,640 | -15.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €965 | €469 | -€496 | -51.4% |
| Recurring financial charges | 65 | €965 | €469 | -€496 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €41,487 | €35,345 | -€6,142 | -14.8% |
| Income taxes | 67/77 | €11,201 | €11,028 | -€173 | -1.5% |
| Profit (loss) for the period | 9904 | €30,285 | €24,317 | -€5,968 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,285 | €24,317 | -€5,968 | -19.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.