DENT-ART: 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.
DENT-ART
Largest movements
- Receivables after one year +€575,000
up €575,000 (+575%), from €100,000 to €675,000
- Cash -€500,759
down €500,759 (-45.5%), from €1.1m to €599,019
mainly Receivables after one year (-€575,000) and Other debts (-€230,454)
- Receivables within one year -€20,931
down €20,931 (-51.4%), from €40,730 to €19,799
- Tangible fixed assets -€20,641
down €20,641 (-6.9%), from €300,306 to €279,665
of which Other tangible fixed assets: -€15,417
- Current investments +€18,446
up €18,446 (+9.8%), from €187,403 to €205,849
- Reserves +€271,030
up €271,030 (+20.0%), from €1.4m to €1.6m
of which Distributable reserves: +€271,030
- Other debts -€230,454
down €230,454 (-86.5%), from €266,298 to €35,844
- Gross operating margin +€73,959
up €73,959 (+8.2%), from €901,623 to €975,582
- Staff costs +€24,587
up €24,587 (+7.3%), from €336,810 to €361,398
- Financial income -€16,140
down €16,140 (-69.7%), from €23,158 to €7,018
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 | €1,779,551 | €1,822,425 | +€42,874 | +2.4% |
| Fixed assets | 21/28 | €334,543 | €305,343 | -€29,201 | -8.7% |
| Intangible fixed assets | 21 | €34,237 | €25,678 | -€8,559 | -25.0% |
| Tangible fixed assets | 22/27 | €300,306 | €279,665 | -€20,641 | -6.9% |
| Plant, machinery and equipment | 23 | €102,740 | €95,624 | -€7,116 | -6.9% |
| Furniture and vehicles | 24 | €4,650 | €6,542 | +€1,892 | +40.7% |
| Other tangible fixed assets | 26 | €192,916 | €177,499 | -€15,417 | -8.0% |
| Current assets | 29/58 | €1,445,008 | €1,517,082 | +€72,075 | +5.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €675,000 | +€575,000 | +575% |
| Other amounts receivable | 291 | €100,000 | €675,000 | +€575,000 | +575% |
| Stocks and contracts in progress | 3 | €3,750 | €3,875 | +€125 | +3.3% |
| Stocks | 30/36 | €3,750 | €3,875 | +€125 | +3.3% |
| Amounts receivable within one year | 40/41 | €40,730 | €19,799 | -€20,931 | -51.4% |
| Other amounts receivable | 41 | €40,730 | €19,799 | -€20,931 | -51.4% |
| Current investments | 50/53 | €187,403 | €205,849 | +€18,446 | +9.8% |
| Cash at bank and in hand | 54/58 | €1,099,778 | €599,019 | -€500,759 | -45.5% |
| Deferred charges and accrued income | 490/1 | €13,347 | €13,541 | +€194 | +1.4% |
| Total equity and liabilities | 10/49 | €1,779,551 | €1,822,425 | +€42,874 | +2.4% |
| Equity | 10/15 | €1,363,328 | €1,634,358 | +€271,030 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,357,128 | €1,628,158 | +€271,030 | +20.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,319,628 | €1,590,658 | +€271,030 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €416,223 | €188,067 | -€228,155 | -54.8% |
| Amounts payable within one year | 42/48 | €370,345 | €140,392 | -€229,953 | -62.1% |
| Trade debts | 44 | €49,323 | €58,007 | +€8,684 | +17.6% |
| Suppliers | 440/4 | €49,323 | €58,007 | +€8,684 | +17.6% |
| Advances received on contracts in progress | 46 | €16,758 | €10,408 | -€6,350 | -37.9% |
| Taxes, remuneration and social security | 45 | €37,966 | €36,133 | -€1,833 | -4.8% |
| Taxes | 450/3 | €0 | €3,420 | +€3,420 | |
| Remuneration and social security | 454/9 | €37,966 | €32,713 | -€5,253 | -13.8% |
| Other amounts payable | 47/48 | €266,298 | €35,844 | -€230,454 | -86.5% |
| Accrued charges and deferred income | 492/3 | €45,878 | €47,675 | +€1,797 | +3.9% |
| Remuneration, social security and pensions | 62 | €336,810 | €361,398 | +€24,587 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,262 | €60,029 | +€4,767 | +8.6% |
| Other operating charges | 640/8 | €1,978 | €4,880 | +€2,902 | +147% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €901,623 | €975,582 | +€73,959 | +8.2% |
| Operating profit (loss) | 9901 | €507,572 | €549,274 | +€41,702 | +8.2% |
| Financial income | 75/76B | €23,158 | €7,018 | -€16,140 | -69.7% |
| Recurring financial income | 75 | €23,158 | €7,018 | -€16,140 | -69.7% |
| Financial charges | 65/66B | €6,584 | €7,255 | +€670 | +10.2% |
| Recurring financial charges | 65 | €6,584 | €7,255 | +€670 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €524,146 | €549,038 | +€24,892 | +4.7% |
| Income taxes | 67/77 | €170,673 | €179,954 | +€9,281 | +5.4% |
| Profit (loss) for the period | 9904 | €353,473 | €369,084 | +€15,612 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €353,473 | €369,084 | +€15,612 | +4.4% |
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 20 October 2026 via checked.be.