Dent-Ax: what changed
Two fiscal 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-Ax
Largest movements
- Current investments +€140,000
new in 2025: €140,000
- Cash -€120,804
down €120,804 (-61.8%), from €195,501 to €74,698
mainly Current investments (-€140,000) and Contributions, distributions and other (-€113,278)
- Tangible fixed assets +€6,805
up €6,805 (+207.3%), from €3,283 to €10,087
- Receivables within one year -€3,328
down €3,328 (-41.3%), from €8,065 to €4,737
of which Trade receivables: -€5,114
- Other debts +€116,909
up €116,909 (+4284.8%), from €2,728 to €119,638
- Profit (loss) carried forward -€92,895
down €92,895 (-100.0%), from €92,895 to €0
- Gross operating margin -€27,940
down €27,940 (-49.2%), from €56,842 to €28,903
- Taxes -€5,644
down €5,644 (-46.8%), from €12,049 to €6,404
- Depreciation +€1,297
up €1,297 (+434.6%), from €298 to €1,595
- Financial income +€1,156
new in 2025: €1,156
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.
Cash bridge derived
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 | €209,527 | €230,502 | +€20,974 | +10.0% |
| Fixed assets | 21/28 | €3,283 | €10,087 | +€6,805 | +207.3% |
| Tangible fixed assets | 22/27 | €3,283 | €10,087 | +€6,805 | +207.3% |
| Furniture and vehicles | 24 | €3,283 | €10,087 | +€6,805 | +207.3% |
| Current assets | 29/58 | €206,245 | €220,414 | +€14,170 | +6.9% |
| Amounts receivable within one year | 40/41 | €8,065 | €4,737 | -€3,328 | -41.3% |
| Trade receivables | 40 | €5,114 | €0 | -€5,114 | -100.0% |
| Other amounts receivable | 41 | €2,951 | €4,737 | +€1,786 | +60.5% |
| Current investments | 50/53 | - | €140,000 | +€140,000 | |
| Cash at bank and in hand | 54/58 | €195,501 | €74,698 | -€120,804 | -61.8% |
| Deferred charges and accrued income | 490/1 | €2,678 | €979 | -€1,699 | -63.4% |
| Total equity and liabilities | 10/49 | €209,527 | €230,502 | +€20,974 | +10.0% |
| Equity | 10/15 | €202,720 | €109,825 | -€92,895 | -45.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €107,825 | €107,825 | = | 0.0% |
| Distributable reserves | 133 | €107,825 | €107,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,895 | €0 | -€92,895 | -100.0% |
| Amounts payable | 17/49 | €6,807 | €120,677 | +€113,869 | +1672.7% |
| Amounts payable within one year | 42/48 | €6,807 | €120,677 | +€113,869 | +1672.7% |
| Trade debts | 44 | €1,129 | €39 | -€1,090 | -96.5% |
| Suppliers | 440/4 | €1,129 | €39 | -€1,090 | -96.5% |
| Taxes, remuneration and social security | 45 | €2,950 | €1,000 | -€1,950 | -66.1% |
| Taxes | 450/3 | €2,950 | €1,000 | -€1,950 | -66.1% |
| Other amounts payable | 47/48 | €2,728 | €119,638 | +€116,909 | +4284.8% |
| Non-recurring operating income | 76A | - | €8,616 | +€8,616 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298 | €1,595 | +€1,297 | +434.6% |
| Other operating charges | 640/8 | €499 | €512 | +€12 | +2.5% |
| Gross operating margin | 9900 | €56,842 | €28,903 | -€27,940 | -49.2% |
| Operating profit (loss) | 9901 | €56,044 | €26,796 | -€29,249 | -52.2% |
| Financial income | 75/76B | - | €1,156 | +€1,156 | |
| Recurring financial income | 75 | - | €1,156 | +€1,156 | |
| Financial charges | 65/66B | €1,048 | €1,165 | +€117 | +11.2% |
| Recurring financial charges | 65 | €1,048 | €1,165 | +€117 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €54,997 | €26,787 | -€28,209 | -51.3% |
| Income taxes | 67/77 | €12,049 | €6,404 | -€5,644 | -46.8% |
| Profit (loss) for the period | 9904 | €42,948 | €20,383 | -€22,565 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,948 | €20,383 | -€22,565 | -52.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.