ELFIN DENTAL: what changed
What changed
ELFIN DENTAL
NACE 86.230, Dental practice
filed annual accounts (NBB)
Net result for the year
€57,815
2024 · €132,731-€74,916
Equity
€542,835
2024 · €485,020+€57,815
Cash
€91,547
2024 · €64,920+€26,627
Balance sheet total
€1.3m
2024 · €705,959+€550,961
Largest movements
Assets
- Tangible fixed assets +€503,380
up €503,380 (+150%), from €334,641 to €838,020
of which Land and buildings: +€502,629
- Receivables within one year +€27,781
up €27,781 (+15.1%), from €184,390 to €212,171
of which Other amounts receivable: +€15,901
- Cash +€26,627
up €26,627 (+41.0%), from €64,920 to €91,547
mainly Debts after one year (+€489,572) and Depreciation (+€140,090)
- Deferred charges and accrued income -€13,503
down €13,503 (-20.6%), from €65,450 to €51,946
Equity and liabilities
- Debts after one year +€489,572
up €489,572 (+346%), from €141,640 to €631,212
of which Financial debts: +€489,372
- Reserves +€57,815
up €57,815 (+18.4%), from €315,020 to €372,835
of which Tax-exempt reserves: +€40,517
- Current portion of long-term debt +€20,901
up €20,901 (+130%), from €16,138 to €37,039
- Trade debts -€16,460
down €16,460 (-46.7%), from €35,234 to €18,775
Income statement
- Depreciation +€91,644
up €91,644 (+189%), from €48,446 to €140,090
- Taxes -€40,188
down €40,188 (-63.4%), from €63,423 to €23,235
- Financial charges +€12,480
up €12,480 (+246%), from €5,080 to €17,560
- Gross operating margin -€9,297
down €9,297 (-3.1%), from €299,516 to €290,220
- Staff costs +€6,480
up €6,480 (+13.0%), from €49,704 to €56,184
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€132,731
Gross operating margin
-€9,297
Staff costs
-€6,480
Depreciation
-€91,644
Other operating charges
+€693
Financial income
+€4,104
Financial charges
-€12,480
Taxes
+€40,188
Result 2025
€57,815
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€166,301
Investment
-€650,146
Financing
+€510,472
Cash 2024
€64,920
From operations (derived)
+€166,301
Net result for the year
+€57,815
Depreciation
+€140,090
Receivables within one year
-€27,781
Deferred charges and accrued income
+€13,503
Smaller working-capital items
-€277
Trade debts
-€16,460
Tax, wage and social debts
+€6,481
Advances received
-€5,000
Other debts
-€2,071
Investment (derived)
-€650,146
Investment in fixed assets (net)
-€644,007
Current investments
-€6,139
Financing
+€510,472
Debts after one year
+€489,572
Current portion of long-term debt
+€20,901
Cash 2025
€91,547
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,959 | €1,256,920 | +€550,961 | +78.0% |
| Fixed assets | 21/28 | €334,641 | €838,558 | +€503,917 | +151% |
| Tangible fixed assets | 22/27 | €334,641 | €838,020 | +€503,380 | +150% |
| Land and buildings | 22 | €254,915 | €757,544 | +€502,629 | +197% |
| Plant, machinery and equipment | 23 | €50,315 | €35,673 | -€14,643 | -29.1% |
| Furniture and vehicles | 24 | €12,528 | €5,764 | -€6,764 | -54.0% |
| Other tangible fixed assets | 26 | €16,883 | €39,040 | +€22,157 | +131% |
| Financial fixed assets | 28 | - | €537 | +€537 | |
| Current assets | 29/58 | €371,319 | €418,362 | +€47,044 | +12.7% |
| Amounts receivable within one year | 40/41 | €184,390 | €212,171 | +€27,781 | +15.1% |
| Trade receivables | 40 | €49,743 | €61,623 | +€11,880 | +23.9% |
| Other amounts receivable | 41 | €134,647 | €150,548 | +€15,901 | +11.8% |
| Current investments | 50/53 | €56,559 | €62,698 | +€6,139 | +10.9% |
| Cash at bank and in hand | 54/58 | €64,920 | €91,547 | +€26,627 | +41.0% |
| Deferred charges and accrued income | 490/1 | €65,450 | €51,946 | -€13,503 | -20.6% |
| Total equity and liabilities | 10/49 | €705,959 | €1,256,920 | +€550,961 | +78.0% |
| Equity | 10/15 | €485,020 | €542,835 | +€57,815 | +11.9% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €315,020 | €372,835 | +€57,815 | +18.4% |
| Tax-exempt reserves | 132 | €109,323 | €149,840 | +€40,517 | +37.1% |
| Distributable reserves | 133 | €205,696 | €222,995 | +€17,298 | +8.4% |
| Provisions and deferred taxes | 16 | €8,374 | €7,847 | -€528 | -6.3% |
| Deferred taxes | 168 | €8,374 | €7,847 | -€528 | -6.3% |
| Amounts payable | 17/49 | €212,566 | €706,239 | +€493,673 | +232% |
| Amounts payable after more than one year | 17 | €141,640 | €631,212 | +€489,572 | +346% |
| Financial debts | 170/4 | €140,140 | €629,512 | +€489,372 | +349% |
| Other amounts payable | 178/9 | €1,500 | €1,700 | +€200 | +13.3% |
| Amounts payable within one year | 42/48 | €70,762 | €74,613 | +€3,851 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €16,138 | €37,039 | +€20,901 | +130% |
| Trade debts | 44 | €35,234 | €18,775 | -€16,460 | -46.7% |
| Suppliers | 440/4 | €35,234 | €18,775 | -€16,460 | -46.7% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100% |
| Taxes, remuneration and social security | 45 | €11,667 | €18,147 | +€6,481 | +55.5% |
| Taxes | 450/3 | €5,457 | €5,460 | +€3 | +0.1% |
| Remuneration and social security | 454/9 | €6,209 | €12,687 | +€6,478 | +104% |
| Other amounts payable | 47/48 | €2,723 | €653 | -€2,071 | -76.0% |
| Accrued charges and deferred income | 492/3 | €164 | €414 | +€251 | +153% |
| Non-recurring operating income | 76A | - | €6,794 | +€6,794 | |
| Remuneration, social security and pensions | 62 | €49,704 | €56,184 | +€6,480 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,446 | €140,090 | +€91,644 | +189% |
| Other operating charges | 640/8 | €3,572 | €2,880 | -€693 | -19.4% |
| Gross operating margin | 9900 | €299,516 | €290,220 | -€9,297 | -3.1% |
| Operating profit (loss) | 9901 | €197,794 | €91,066 | -€106,728 | -54.0% |
| Financial income | 75/76B | €2,912 | €7,016 | +€4,104 | +141% |
| Recurring financial income | 75 | €2,912 | €7,016 | +€4,104 | +141% |
| Financial charges | 65/66B | €5,080 | €17,560 | +€12,480 | +246% |
| Recurring financial charges | 65 | €5,080 | €17,560 | +€12,480 | +246% |
| Profit (loss) for the period before taxes | 9903 | €195,626 | €80,522 | -€115,104 | -58.8% |
| Transfer from deferred taxes | 780 | €528 | €528 | = | 0.0% |
| Income taxes | 67/77 | €63,423 | €23,235 | -€40,188 | -63.4% |
| Profit (loss) for the period | 9904 | €132,731 | €57,815 | -€74,916 | -56.4% |
| Transfer from tax-exempt reserves | 789 | €1,583 | €1,583 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €42,100 | -€21,050 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,164 | €17,298 | -€53,866 | -75.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.