DENTINE: 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.
DENTINE
Largest movements
- Tangible fixed assets +€812,409
up €812,409 (+1529.4%), from €53,121 to €865,530
of which Land and buildings: +€706,931
- Current investments -€168,609
down €168,609 (-73.5%), from €229,495 to €60,886
- Cash -€104,046
down €104,046 (-67.2%), from €154,722 to €50,676
mainly Investment in fixed assets (net) (-€843,709) and Contributions, distributions and other (-€60,000)
- Receivables within one year -€74,754
down €74,754 (-68.8%), from €108,675 to €33,921
of which Other amounts receivable: -€43,254
- Debts after one year +€348,782
new in 2025: €348,782
- Reserves +€43,000
up €43,000 (+9.5%), from €454,900 to €497,900
of which Distributable reserves: +€43,000
- Current portion of long-term debt +€38,444
new in 2025: €38,444
- Trade debts +€19,142
up €19,142 (+164.8%), from €11,613 to €30,755
- Other operating charges +€43,709
up €43,709 (+2593.4%), from €1,685 to €45,395
- Gross operating margin +€38,135
up €38,135 (+18.2%), from €209,719 to €247,854
- Taxes -€24,586
down €24,586 (-48.4%), from €50,841 to €26,254
- Depreciation +€20,999
up €20,999 (+203.8%), from €10,301 to €31,300
- Financial charges +€13,096
up €13,096 (+848.5%), from €1,543 to €14,639
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 | €565,787 | €1,023,343 | +€457,556 | +80.9% |
| Fixed assets | 21/28 | €53,484 | €865,893 | +€812,409 | +1519.0% |
| Tangible fixed assets | 22/27 | €53,121 | €865,530 | +€812,409 | +1529.4% |
| Land and buildings | 22 | - | €706,931 | +€706,931 | |
| Plant, machinery and equipment | 23 | €47,679 | €127,544 | +€79,865 | +167.5% |
| Furniture and vehicles | 24 | €5,261 | €31,055 | +€25,794 | +490.3% |
| Other tangible fixed assets | 26 | €180 | - | -€180 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €512,303 | €157,450 | -€354,853 | -69.3% |
| Stocks and contracts in progress | 3 | €15,050 | €11,010 | -€4,040 | -26.8% |
| Stocks | 30/36 | €15,050 | €11,010 | -€4,040 | -26.8% |
| Amounts receivable within one year | 40/41 | €108,675 | €33,921 | -€74,754 | -68.8% |
| Trade receivables | 40 | €31,500 | - | -€31,500 | |
| Other amounts receivable | 41 | €77,175 | €33,921 | -€43,254 | -56.0% |
| Current investments | 50/53 | €229,495 | €60,886 | -€168,609 | -73.5% |
| Cash at bank and in hand | 54/58 | €154,722 | €50,676 | -€104,046 | -67.2% |
| Deferred charges and accrued income | 490/1 | €4,362 | €958 | -€3,404 | -78.0% |
| Total equity and liabilities | 10/49 | €565,787 | €1,023,343 | +€457,556 | +80.9% |
| Equity | 10/15 | €476,651 | €520,461 | +€43,810 | +9.2% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €454,900 | €497,900 | +€43,000 | +9.5% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €452,950 | €495,950 | +€43,000 | +9.5% |
| Profit (loss) carried forward | 14 | €2,251 | €3,061 | +€810 | +36.0% |
| Amounts payable | 17/49 | €89,137 | €502,882 | +€413,745 | +464.2% |
| Amounts payable after more than one year | 17 | - | €348,782 | +€348,782 | |
| Financial debts | 170/4 | - | €348,782 | +€348,782 | |
| Amounts payable within one year | 42/48 | €77,805 | €136,526 | +€58,721 | +75.5% |
| Current portion of amounts payable after more than one year | 42 | - | €38,444 | +€38,444 | |
| Trade debts | 44 | €11,613 | €30,755 | +€19,142 | +164.8% |
| Suppliers | 440/4 | €11,613 | €30,755 | +€19,142 | +164.8% |
| Taxes, remuneration and social security | 45 | €8,625 | €8,774 | +€149 | +1.7% |
| Taxes | 450/3 | €5,841 | €3,000 | -€2,841 | -48.6% |
| Remuneration and social security | 454/9 | €2,784 | €5,774 | +€2,990 | +107.4% |
| Other amounts payable | 47/48 | €57,566 | €58,553 | +€987 | +1.7% |
| Accrued charges and deferred income | 492/3 | €11,332 | €17,574 | +€6,242 | +55.1% |
| Remuneration, social security and pensions | 62 | €24,079 | €29,468 | +€5,389 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,301 | €31,300 | +€20,999 | +203.8% |
| Other operating charges | 640/8 | €1,685 | €45,395 | +€43,709 | +2593.4% |
| Gross operating margin | 9900 | €209,719 | €247,854 | +€38,135 | +18.2% |
| Operating profit (loss) | 9901 | €173,653 | €141,691 | -€31,962 | -18.4% |
| Financial income | 75/76B | €2,829 | €3,013 | +€184 | +6.5% |
| Recurring financial income | 75 | €2,829 | €3,013 | +€184 | +6.5% |
| Financial charges | 65/66B | €1,543 | €14,639 | +€13,096 | +848.5% |
| Recurring financial charges | 65 | €1,543 | €14,639 | +€13,096 | +848.5% |
| Profit (loss) for the period before taxes | 9903 | €174,938 | €130,065 | -€44,874 | -25.7% |
| Income taxes | 67/77 | €50,841 | €26,254 | -€24,586 | -48.4% |
| Profit (loss) for the period | 9904 | €124,098 | €103,810 | -€20,287 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €124,098 | €103,810 | -€20,287 | -16.3% |
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 4 October 2026 via checked.be.