DENTCAP FINANCE: 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.
What changed
DENTCAP FINANCE
NACE 64.921, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€432,041
2024 · -€5.3m+€4.9m
Equity
€9.7m
2024 · €10.1m-€432,041
Cash
€2.7m
2024 · €3.0m-€306,347
Balance sheet total
€176.2m
2024 · €142.0m+€34.2m
Largest movements
Assets
- Financial fixed assets +€33.8m
up €33.8m (+24.7%), from €136.9m to €170.6m
Equity and liabilities
- Debts after one year +€36.5m
up €36.5m (+29.3%), from €124.4m to €160.8m
- Current portion of long-term debt -€2.2m
down €2.2m (-100%), from €2.2m to €0
Income statement
- Financial charges -€4.2m
down €4.2m (-25.1%), from €16.9m to €12.7m
of which Non-recurring financial charges: -€5.5m
- Financial income +€517,592
up €517,592 (+4.2%), from €12.4m to €13.0m
- Services and other goods +€488,708
new in 2025: €488,708
- Gross operating margin +€464,745
no longer reported in 2025 (was -€464,745)
- Taxes +€28,459
up €28,459, from -€597 to €27,862
of which Taxes: +€27,862
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
-€5.3m
Staff costs
+€8,445
Other operating charges
+€229
Other operating items
+€129,491
Financial income
+€517,592
Financial charges
+€4.2m
Taxes
-€28,459
Result 2025
-€432,041
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€794,329
Investment
-€33.8m
Financing
+€34.3m
Cash 2024
€3.0m
From operations (derived)
-€794,329
Net result for the year
-€432,041
Smaller working-capital items
-€90,076
Deferred charges and accrued income
-€692,378
Trade debts
+€311,499
Accrued charges and deferred income
+€108,667
Investment (derived)
-€33.8m
Investment in fixed assets (net)
-€33.8m
Financing
+€34.3m
Debts after one year
+€36.5m
Current portion of long-term debt
-€2.2m
Cash 2025
€2.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,984,425 | €176,155,544 | +€34.2m | +24.1% |
| Fixed assets | 21/28 | €136,856,192 | €170,641,210 | +€33.8m | +24.7% |
| Financial fixed assets | 28 | €136,856,192 | €170,641,210 | +€33.8m | +24.7% |
| Affiliated companies | 280/1 | - | €170,641,210 | +€170.6m | |
| Amounts receivable | 281 | - | €170,641,210 | +€170.6m | |
| Current assets | 29/58 | €5,128,234 | €5,514,334 | +€386,101 | +7.5% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | - | €70 | +€70 | |
| Trade receivables | 40 | - | €0 | +€0 | |
| Other amounts receivable | 41 | - | €70 | +€70 | |
| Cash at bank and in hand | 54/58 | €3,019,161 | €2,712,814 | -€306,347 | -10.1% |
| Deferred charges and accrued income | 490/1 | €2,109,072 | €2,801,451 | +€692,378 | +32.8% |
| Total equity and liabilities | 10/49 | €141,984,425 | €176,155,544 | +€34.2m | +24.1% |
| Equity | 10/15 | €10,141,476 | €9,709,435 | -€432,041 | -4.3% |
| Contributions | 10/11 | €15,505,442 | €15,505,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,363,966 | -€5,796,007 | -€432,041 | -8.1% |
| Amounts payable | 17/49 | €131,842,949 | €166,446,109 | +€34.6m | +26.2% |
| Amounts payable after more than one year | 17 | €124,355,000 | €160,828,000 | +€36.5m | +29.3% |
| Financial debts | 170/4 | €124,355,000 | €160,828,000 | +€36.5m | +29.3% |
| Other loans | 174 | - | €160,828,000 | +€160.8m | |
| Amounts payable within one year | 42/48 | €2,622,152 | €643,645 | -€2.0m | -75.5% |
| Current portion of amounts payable after more than one year | 42 | €2,200,000 | €0 | -€2.2m | -100% |
| Trade debts | 44 | €269,534 | €581,034 | +€311,499 | +116% |
| Suppliers | 440/4 | €269,534 | €581,034 | +€311,499 | +116% |
| Taxes, remuneration and social security | 45 | €152,618 | €62,611 | -€90,006 | -59.0% |
| Taxes | 450/3 | €112,527 | €28,738 | -€83,789 | -74.5% |
| Remuneration and social security | 454/9 | €40,091 | €33,874 | -€6,218 | -15.5% |
| Accrued charges and deferred income | 492/3 | €4,865,797 | €4,974,465 | +€108,667 | +2.2% |
| Operating income | 70/76A | - | €14,314 | +€14,314 | |
| Other operating income | 74 | - | €14,314 | +€14,314 | |
| Non-recurring operating income | 76A | €5,126 | €0 | -€5,126 | -100% |
| Operating charges | 60/66A | - | €717,927 | +€717,927 | |
| Services and other goods | 61 | - | €488,708 | +€488,708 | |
| Remuneration, social security and pensions | 62 | €228,820 | €220,375 | -€8,445 | -3.7% |
| Other operating charges | 640/8 | €1,742 | €1,513 | -€229 | -13.1% |
| Non-recurring operating charges | 66A | €146,470 | €7,331 | -€139,139 | -95.0% |
| Gross operating margin | 9900 | -€464,745 | - | +€464,745 | |
| Operating profit (loss) | 9901 | -€841,777 | -€703,613 | +€138,164 | +16.4% |
| Financial income | 75/76B | €12,438,895 | €12,956,486 | +€517,592 | +4.2% |
| Recurring financial income | 75 | €12,438,895 | €12,956,486 | +€517,592 | +4.2% |
| Income from financial fixed assets | 750 | - | €12,956,486 | +€13.0m | |
| Other financial income | 752/9 | - | €0 | = | |
| Financial charges | 65/66B | €16,900,171 | €12,657,053 | -€4.2m | -25.1% |
| Recurring financial charges | 65 | €11,336,278 | €12,568,420 | +€1.2m | +10.9% |
| Debt charges | 650 | - | €12,567,901 | +€12.6m | |
| Other financial charges | 652/9 | - | €519 | +€519 | |
| Non-recurring financial charges | 66B | €5,563,893 | €88,632 | -€5.5m | -98.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,303,054 | -€404,180 | +€4.9m | +92.4% |
| Income taxes | 67/77 | -€597 | €27,862 | +€28,459 | |
| Taxes | 670/3 | - | €27,862 | +€27,862 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€5,302,457 | -€432,041 | +€4.9m | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,302,457 | -€432,041 | +€4.9m | +91.9% |
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 23 October 2026 via checked.be.