DENTALEX: 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.
What changed
DENTALEX
NACE 21.209, Manufacture of basic pharmaceutical products and pharmaceutical preparations
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€28,765
2024 · €44,300-€15,536
Equity
€40,689
2024 · €50,368-€9,679
Cash
€3,933
2024 · €2,099+€1,834
Balance sheet total
€266,453
2024 · €269,353-€2,901
Largest movements
Assets
- Stocks and contracts -€3,505
down €3,505 (-10.4%), from €33,849 to €30,343
Equity and liabilities
- Other debts +€36,248
new in 2025: €36,248
- Reserves -€24,046
down €24,046 (-41.1%), from €58,535 to €34,489
of which Distributable reserves: -€24,046
- Short-term financial debts -€22,000
no longer reported in 2025 (was €22,000)
- Profit (loss) carried forward +€14,367
no longer reported in 2025 (was -€14,367)
- Current portion of long-term debt -€10,291
down €10,291 (-29.4%), from €34,974 to €24,683
Income statement
- Gross operating margin -€26,156
down €26,156 (-15.7%), from €166,706 to €140,550
- Depreciation -€11,258
down €11,258 (-26.5%), from €42,468 to €31,210
- Financial charges -€8,700
down €8,700 (-53.7%), from €16,208 to €7,508
- Taxes +€7,711
up €7,711 (+2706.2%), from €285 to €7,996
- Staff costs +€4,895
up €4,895 (+8.0%), from €61,441 to €66,335
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.
Result 2024
€44,300
Gross operating margin
-€26,156
Staff costs
-€4,895
Depreciation
+€11,258
Other operating charges
+€268
Other operating items
+€2,525
Financial income
+€474
Financial charges
+€8,700
Taxes
-€7,711
Result 2025
€28,765
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.
From operations
+€106,574
Investment
-€29,955
Financing
-€74,784
Cash 2024
€2,099
From operations (derived)
+€106,574
Net result for the year
+€28,765
Depreciation
+€31,210
Stocks and contracts
+€3,505
Receivables within one year
+€1,358
Deferred charges and accrued income
-€1,383
Trade debts
-€1,634
Tax, wage and social debts
+€8,505
Other debts
+€36,248
Investment (derived)
-€29,955
Investment in fixed assets (net)
-€29,955
Financing
-€74,784
Debts after one year
-€4,050
Current portion of long-term debt
-€10,291
Short-term financial debts
-€22,000
Contributions, distributions and other
-€38,443
Cash 2025
€3,933
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €269,353 | €266,453 | -€2,901 | -1.1% |
| Fixed assets | 21/28 | €212,373 | €211,118 | -€1,255 | -0.6% |
| Tangible fixed assets | 22/27 | €212,373 | €211,118 | -€1,255 | -0.6% |
| Land and buildings | 22 | €162,548 | €148,498 | -€14,050 | -8.6% |
| Plant, machinery and equipment | 23 | €29,496 | €37,636 | +€8,141 | +27.6% |
| Furniture and vehicles | 24 | €7,294 | €8,799 | +€1,505 | +20.6% |
| Other tangible fixed assets | 26 | €13,036 | €16,185 | +€3,149 | +24.2% |
| Current assets | 29/58 | €56,980 | €55,334 | -€1,646 | -2.9% |
| Stocks and contracts in progress | 3 | €33,849 | €30,343 | -€3,505 | -10.4% |
| Stocks | 30/36 | €33,849 | €30,343 | -€3,505 | -10.4% |
| Amounts receivable within one year | 40/41 | €20,166 | €18,808 | -€1,358 | -6.7% |
| Trade receivables | 40 | €10,315 | €2,280 | -€8,034 | -77.9% |
| Other amounts receivable | 41 | €9,852 | €16,528 | +€6,676 | +67.8% |
| Cash at bank and in hand | 54/58 | €2,099 | €3,933 | +€1,834 | +87.4% |
| Deferred charges and accrued income | 490/1 | €866 | €2,249 | +€1,383 | +159.6% |
| Total equity and liabilities | 10/49 | €269,353 | €266,453 | -€2,901 | -1.1% |
| Equity | 10/15 | €50,368 | €40,689 | -€9,679 | -19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,535 | €34,489 | -€24,046 | -41.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,675 | €32,629 | -€24,046 | -42.4% |
| Profit (loss) carried forward | 14 | -€14,367 | - | +€14,367 | |
| Amounts payable | 17/49 | €218,986 | €225,764 | +€6,778 | +3.1% |
| Amounts payable after more than one year | 17 | €103,865 | €99,815 | -€4,050 | -3.9% |
| Financial debts | 170/4 | €103,865 | €99,815 | -€4,050 | -3.9% |
| Amounts payable within one year | 42/48 | €115,120 | €125,949 | +€10,828 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €34,974 | €24,683 | -€10,291 | -29.4% |
| Financial debts | 43 | €22,000 | - | -€22,000 | |
| Credit institutions | 430/8 | €22,000 | - | -€22,000 | |
| Trade debts | 44 | €35,490 | €33,857 | -€1,634 | -4.6% |
| Suppliers | 440/4 | €35,490 | €33,857 | -€1,634 | -4.6% |
| Taxes, remuneration and social security | 45 | €22,657 | €31,161 | +€8,505 | +37.5% |
| Taxes | 450/3 | €7,326 | €15,118 | +€7,793 | +106.4% |
| Remuneration and social security | 454/9 | €15,331 | €16,043 | +€712 | +4.6% |
| Other amounts payable | 47/48 | - | €36,248 | +€36,248 | |
| Non-recurring operating income | 76A | €26,000 | - | -€26,000 | |
| Remuneration, social security and pensions | 62 | €61,441 | €66,335 | +€4,895 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,468 | €31,210 | -€11,258 | -26.5% |
| Other operating charges | 640/8 | €1,776 | €1,507 | -€268 | -15.1% |
| Non-recurring operating charges | 66A | €2,525 | - | -€2,525 | |
| Gross operating margin | 9900 | €166,706 | €140,550 | -€26,156 | -15.7% |
| Operating profit (loss) | 9901 | €58,496 | €41,498 | -€16,999 | -29.1% |
| Financial income | 75/76B | €2,297 | €2,771 | +€474 | +20.6% |
| Recurring financial income | 75 | €2,297 | €2,771 | +€474 | +20.6% |
| Financial charges | 65/66B | €16,208 | €7,508 | -€8,700 | -53.7% |
| Recurring financial charges | 65 | €16,208 | €7,508 | -€8,700 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €44,585 | €36,761 | -€7,825 | -17.5% |
| Income taxes | 67/77 | €285 | €7,996 | +€7,711 | +2706.2% |
| Profit (loss) for the period | 9904 | €44,300 | €28,765 | -€15,536 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,300 | €28,765 | -€15,536 | -35.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.