DENTHEO: 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.
DENTHEO
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+287.5%), from €425,816 to €1.7m
of which Land and buildings: +€877,085
- Cash -€339,011
down €339,011 (-81.9%), from €413,859 to €74,848
mainly Investment in fixed assets (net) (-€1.4m) and Contributions, distributions and other (-€186,000)
- Debts after one year +€805,780
up €805,780 (+5481.8%), from €14,699 to €820,480
- Other debts -€137,032
down €137,032 (-42.4%), from €323,032 to €186,000
- Current portion of long-term debt +€107,388
up €107,388 (+1327.4%), from €8,090 to €115,478
- Trade debts +€106,958
up €106,958 (+81.9%), from €130,656 to €237,614
- Staff costs +€86,709
up €86,709 (+19.0%), from €455,672 to €542,382
- Taxes -€53,587
down €53,587 (-50.4%), from €106,327 to €52,740
- Depreciation +€45,934
up €45,934 (+49.6%), from €92,637 to €138,571
- Gross operating margin +€18,722
up €18,722 (+2.0%), from €946,357 to €965,079
- Financial charges +€13,491
up €13,491 (+148.6%), from €9,082 to €22,573
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 | €938,785 | €1,829,433 | +€890,648 | +94.9% |
| Fixed assets | 21/28 | €425,816 | €1,650,244 | +€1.2m | +287.5% |
| Tangible fixed assets | 22/27 | €425,816 | €1,650,244 | +€1.2m | +287.5% |
| Land and buildings | 22 | €204,375 | €1,081,460 | +€877,085 | +429.2% |
| Plant, machinery and equipment | 23 | €1,637 | €15,350 | +€13,713 | +837.6% |
| Furniture and vehicles | 24 | €123,914 | €345,050 | +€221,136 | +178.5% |
| Leasing and similar rights | 25 | - | €208,384 | +€208,384 | |
| Assets under construction and advance payments | 27 | €95,889 | €0 | -€95,889 | -100.0% |
| Current assets | 29/58 | €512,969 | €179,189 | -€333,780 | -65.1% |
| Stocks and contracts in progress | 3 | €31,868 | €37,402 | +€5,534 | +17.4% |
| Stocks | 30/36 | €31,868 | €37,402 | +€5,534 | +17.4% |
| Amounts receivable within one year | 40/41 | €31,047 | €40,463 | +€9,416 | +30.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €31,047 | €40,463 | +€9,416 | +30.3% |
| Cash at bank and in hand | 54/58 | €413,859 | €74,848 | -€339,011 | -81.9% |
| Deferred charges and accrued income | 490/1 | €36,195 | €26,475 | -€9,720 | -26.9% |
| Total equity and liabilities | 10/49 | €938,785 | €1,829,433 | +€890,648 | +94.9% |
| Equity | 10/15 | €394,224 | €411,419 | +€17,195 | +4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,894 | €277,744 | +€3,850 | +1.4% |
| Distributable reserves | 133 | €273,894 | €277,744 | +€3,850 | +1.4% |
| Profit (loss) carried forward | 14 | €114,130 | €127,475 | +€13,345 | +11.7% |
| Amounts payable | 17/49 | €544,560 | €1,418,014 | +€873,454 | +160.4% |
| Amounts payable after more than one year | 17 | €14,699 | €820,480 | +€805,780 | +5481.8% |
| Financial debts | 170/4 | €14,699 | €820,480 | +€805,780 | +5481.8% |
| Amounts payable within one year | 42/48 | €513,099 | €585,988 | +€72,889 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €8,090 | €115,478 | +€107,388 | +1327.4% |
| Trade debts | 44 | €130,656 | €237,614 | +€106,958 | +81.9% |
| Suppliers | 440/4 | €130,656 | €237,614 | +€106,958 | +81.9% |
| Advances received on contracts in progress | 46 | - | €7,761 | +€7,761 | |
| Taxes, remuneration and social security | 45 | €51,321 | €39,135 | -€12,186 | -23.7% |
| Taxes | 450/3 | €8,287 | €0 | -€8,287 | -100.0% |
| Remuneration and social security | 454/9 | €43,034 | €39,135 | -€3,899 | -9.1% |
| Other amounts payable | 47/48 | €323,032 | €186,000 | -€137,032 | -42.4% |
| Accrued charges and deferred income | 492/3 | €16,762 | €11,547 | -€5,215 | -31.1% |
| Remuneration, social security and pensions | 62 | €455,672 | €542,382 | +€86,709 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,637 | €138,571 | +€45,934 | +49.6% |
| Other operating charges | 640/8 | €998 | €3,109 | +€2,111 | +211.5% |
| Non-recurring operating charges | 66A | - | €2,515 | +€2,515 | |
| Gross operating margin | 9900 | €946,357 | €965,079 | +€18,722 | +2.0% |
| Operating profit (loss) | 9901 | €397,050 | €278,504 | -€118,547 | -29.9% |
| Financial income | 75/76B | €87 | €4 | -€83 | -95.6% |
| Recurring financial income | 75 | €87 | €4 | -€83 | -95.6% |
| Financial charges | 65/66B | €9,082 | €22,573 | +€13,491 | +148.6% |
| Recurring financial charges | 65 | €9,082 | €22,573 | +€13,491 | +148.6% |
| Profit (loss) for the period before taxes | 9903 | €388,056 | €255,934 | -€132,122 | -34.0% |
| Income taxes | 67/77 | €106,327 | €52,740 | -€53,587 | -50.4% |
| Profit (loss) for the period | 9904 | €281,729 | €203,195 | -€78,535 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €281,729 | €203,195 | -€78,535 | -27.9% |
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 12 October 2026 via checked.be.