AERDENTIST: 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.
AERDENTIST
Largest movements
- Current investments -€59,500
down €59,500 (-63.6%), from €93,500 to €34,000
- Deferred charges and accrued income +€47,571
up €47,571 (+417%), from €11,421 to €58,992
- Cash +€43,386
up €43,386 (+79.1%), from €54,881 to €98,267
mainly Net result for the year (+€139,321) and Current investments (+€59,500)
- Stocks and contracts +€18,296
up €18,296 (+20.0%), from €91,264 to €109,560
- Intangible fixed assets -€18,000
down €18,000 (-33.3%), from €54,000 to €36,000
- Reserves +€102,795
up €102,795 (+30.5%), from €337,146 to €439,940
- Tax, wage and social debts -€36,120
down €36,120 (-67.7%), from €53,323 to €17,203
of which Taxes: -€36,617
- Other debts -€16,312
down €16,312 (-99.0%), from €16,475 to €164
- Trade debts -€9,789
no longer reported in 2025 (was €9,789)
- Depreciation +€13,461
up €13,461 (+37.3%), from €36,114 to €49,575
- Gross operating margin +€12,433
up €12,433 (+5.3%), from €236,565 to €248,998
- Staff costs -€3,291
down €3,291 (-36.8%), from €8,948 to €5,658
- Financial income +€3,014
up €3,014 (+107%), from €2,814 to €5,828
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 | €433,446 | €470,106 | +€36,660 | +8.5% |
| Fixed assets | 21/28 | €181,380 | €169,287 | -€12,093 | -6.7% |
| Intangible fixed assets | 21 | €54,000 | €36,000 | -€18,000 | -33.3% |
| Tangible fixed assets | 22/27 | €127,380 | €133,287 | +€5,907 | +4.6% |
| Land and buildings | 22 | €10,092 | €8,035 | -€2,057 | -20.4% |
| Plant, machinery and equipment | 23 | €8,611 | €42,541 | +€33,930 | +394% |
| Furniture and vehicles | 24 | €108,677 | €82,711 | -€25,966 | -23.9% |
| Current assets | 29/58 | €252,066 | €300,819 | +€48,753 | +19.3% |
| Stocks and contracts in progress | 3 | €91,264 | €109,560 | +€18,296 | +20.0% |
| Stocks | 30/36 | €91,264 | €109,560 | +€18,296 | +20.0% |
| Amounts receivable within one year | 40/41 | €1,000 | - | -€1,000 | |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Current investments | 50/53 | €93,500 | €34,000 | -€59,500 | -63.6% |
| Cash at bank and in hand | 54/58 | €54,881 | €98,267 | +€43,386 | +79.1% |
| Deferred charges and accrued income | 490/1 | €11,421 | €58,992 | +€47,571 | +417% |
| Total equity and liabilities | 10/49 | €433,446 | €470,106 | +€36,660 | +8.5% |
| Equity | 10/15 | €349,546 | €452,340 | +€102,795 | +29.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €337,146 | €439,940 | +€102,795 | +30.5% |
| Distributable reserves | 133 | €337,146 | €439,940 | +€102,795 | +30.5% |
| Amounts payable | 17/49 | €83,900 | €17,766 | -€66,135 | -78.8% |
| Amounts payable within one year | 42/48 | €83,690 | €17,367 | -€66,323 | -79.2% |
| Current portion of amounts payable after more than one year | 42 | €4,103 | - | -€4,103 | |
| Trade debts | 44 | €9,789 | - | -€9,789 | |
| Suppliers | 440/4 | €9,789 | - | -€9,789 | |
| Taxes, remuneration and social security | 45 | €53,323 | €17,203 | -€36,120 | -67.7% |
| Taxes | 450/3 | €50,437 | €13,820 | -€36,617 | -72.6% |
| Remuneration and social security | 454/9 | €2,886 | €3,384 | +€497 | +17.2% |
| Other amounts payable | 47/48 | €16,475 | €164 | -€16,312 | -99.0% |
| Accrued charges and deferred income | 492/3 | €210 | €399 | +€189 | +89.8% |
| Remuneration, social security and pensions | 62 | €8,948 | €5,658 | -€3,291 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,114 | €49,575 | +€13,461 | +37.3% |
| Other operating charges | 640/8 | €637 | €587 | -€51 | -8.0% |
| Non-recurring operating charges | 66A | €6,826 | - | -€6,826 | |
| Gross operating margin | 9900 | €236,565 | €248,998 | +€12,433 | +5.3% |
| Operating profit (loss) | 9901 | €184,040 | €193,180 | +€9,140 | +5.0% |
| Financial income | 75/76B | €2,814 | €5,828 | +€3,014 | +107% |
| Recurring financial income | 75 | €2,814 | €5,828 | +€3,014 | +107% |
| Financial charges | 65/66B | €297 | €180 | -€117 | -39.3% |
| Recurring financial charges | 65 | €297 | €180 | -€117 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €186,556 | €198,828 | +€12,271 | +6.6% |
| Income taxes | 67/77 | €57,838 | €59,507 | +€1,669 | +2.9% |
| Profit (loss) for the period | 9904 | €128,718 | €139,321 | +€10,603 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,718 | €139,321 | +€10,603 | +8.2% |
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 28 October 2026 via checked.be.