DOCTEUR PASCAL 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.
DOCTEUR PASCAL DE SUTTER
Largest movements
- Receivables within one year -€65,149
down €65,149 (-53.6%), from €121,439 to €56,290
of which Other amounts receivable: -€35,451
- Cash +€12,938
up €12,938 (+136%), from €9,523 to €22,461
mainly Receivables within one year (+€65,149) and Depreciation (+€7,841)
- Tangible fixed assets -€7,841
down €7,841 (-17.9%), from €43,824 to €35,983
- Profit (loss) carried forward -€52,258
down €52,258 (-51.4%), from €101,765 to €49,507
- Debts after one year -€7,925
no longer reported in 2025 (was €7,925)
- Tax, wage and social debts +€3,413
up €3,413 (+469%), from €727 to €4,140
- Trade debts -€3,241
down €3,241 (-24.3%), from €13,323 to €10,082
- Gross operating margin -€69,507
down €69,507, from €44,034 to -€25,473
- Other operating charges +€20,200
new in 2025: €20,200
- Taxes -€3,576
down €3,576 (-94.1%), from €3,802 to €226
- Financial income -€794
down €794 (-21.8%), from €3,637 to €2,843
- Financial charges +€535
up €535 (+64.8%), from €826 to €1,361
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 | €175,586 | €115,574 | -€60,012 | -34.2% |
| Fixed assets | 21/28 | €44,022 | €36,181 | -€7,841 | -17.8% |
| Tangible fixed assets | 22/27 | €43,824 | €35,983 | -€7,841 | -17.9% |
| Furniture and vehicles | 24 | €43,824 | €35,983 | -€7,841 | -17.9% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €131,564 | €79,393 | -€52,171 | -39.7% |
| Amounts receivable within one year | 40/41 | €121,439 | €56,290 | -€65,149 | -53.6% |
| Trade receivables | 40 | €46,322 | €16,624 | -€29,698 | -64.1% |
| Other amounts receivable | 41 | €75,117 | €39,666 | -€35,451 | -47.2% |
| Cash at bank and in hand | 54/58 | €9,523 | €22,461 | +€12,938 | +136% |
| Deferred charges and accrued income | 490/1 | €602 | €642 | +€40 | +6.6% |
| Total equity and liabilities | 10/49 | €175,586 | €115,574 | -€60,012 | -34.2% |
| Equity | 10/15 | €145,025 | €92,767 | -€52,258 | -36.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,060 | €37,060 | = | 0.0% |
| Distributable reserves | 133 | €37,060 | €37,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,765 | €49,507 | -€52,258 | -51.4% |
| Amounts payable | 17/49 | €30,561 | €22,807 | -€7,754 | -25.4% |
| Amounts payable after more than one year | 17 | €7,925 | - | -€7,925 | |
| Financial debts | 170/4 | €7,925 | - | -€7,925 | |
| Amounts payable within one year | 42/48 | €22,636 | €22,807 | +€171 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €8,586 | €8,585 | -€1 | 0.0% |
| Trade debts | 44 | €13,323 | €10,082 | -€3,241 | -24.3% |
| Suppliers | 440/4 | €13,323 | €10,082 | -€3,241 | -24.3% |
| Taxes, remuneration and social security | 45 | €727 | €4,140 | +€3,413 | +469% |
| Taxes | 450/3 | €727 | €4,140 | +€3,413 | +469% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,840 | €7,841 | +€1 | 0.0% |
| Other operating charges | 640/8 | - | €20,200 | +€20,200 | |
| Gross operating margin | 9900 | €44,034 | -€25,473 | -€69,507 | |
| Operating profit (loss) | 9901 | €36,194 | -€53,514 | -€89,708 | |
| Financial income | 75/76B | €3,637 | €2,843 | -€794 | -21.8% |
| Recurring financial income | 75 | €3,637 | €2,843 | -€794 | -21.8% |
| Financial charges | 65/66B | €826 | €1,361 | +€535 | +64.8% |
| Recurring financial charges | 65 | €826 | €1,361 | +€535 | +64.8% |
| Profit (loss) for the period before taxes | 9903 | €39,005 | -€52,032 | -€91,037 | |
| Income taxes | 67/77 | €3,802 | €226 | -€3,576 | -94.1% |
| Profit (loss) for the period | 9904 | €35,203 | -€52,258 | -€87,461 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,203 | -€52,258 | -€87,461 |
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 16 October 2026 via checked.be.