EXEL DENTAL: what changed
EXEL DENTAL
Largest movements
- Cash +€45,314
up €45,314 (+84.8%), from €53,408 to €98,722
mainly Depreciation (+€65,311) and Net result for the year (+€50,272)
- Tangible fixed assets -€34,982
down €34,982 (-12.3%), from €283,695 to €248,713
of which Land and buildings: -€22,127
- Receivables within one year -€21,143
down €21,143 (-37.3%), from €56,759 to €35,616
of which Other amounts receivable: -€13,343
- Debts after one year -€49,819
down €49,819 (-35.3%), from €141,106 to €91,287
- Reserves +€25,155
up €25,155 (+100%), from €25,117 to €50,272
of which Distributable reserves: +€25,155
- Trade debts +€21,521
up €21,521 (+822%), from €2,617 to €24,138
- Current portion of long-term debt -€4,244
down €4,244 (-6.8%), from €62,608 to €58,364
- Gross operating margin +€36,485
up €36,485 (+33.4%), from €109,392 to €145,877
- Taxes +€8,194
up €8,194 (+113%), from €7,272 to €15,466
- Depreciation -€4,332
down €4,332 (-6.2%), from €69,643 to €65,311
- Other operating charges +€3,183
up €3,183 (+56.2%), from €5,661 to €8,844
- Financial charges -€1,907
down €1,907 (-23.8%), from €8,025 to €6,118
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,511 | €383,704 | -€10,807 | -2.7% |
| Fixed assets | 21/28 | €283,695 | €248,713 | -€34,982 | -12.3% |
| Tangible fixed assets | 22/27 | €283,695 | €248,713 | -€34,982 | -12.3% |
| Land and buildings | 22 | €114,904 | €92,777 | -€22,127 | -19.3% |
| Plant, machinery and equipment | 23 | €2,115 | €1,645 | -€470 | -22.2% |
| Furniture and vehicles | 24 | €102,913 | €92,336 | -€10,577 | -10.3% |
| Other tangible fixed assets | 26 | €63,763 | €61,955 | -€1,808 | -2.8% |
| Current assets | 29/58 | €110,816 | €134,991 | +€24,175 | +21.8% |
| Amounts receivable within one year | 40/41 | €56,759 | €35,616 | -€21,143 | -37.3% |
| Trade receivables | 40 | €39,873 | €32,073 | -€7,800 | -19.6% |
| Other amounts receivable | 41 | €16,886 | €3,543 | -€13,343 | -79.0% |
| Cash at bank and in hand | 54/58 | €53,408 | €98,722 | +€45,314 | +84.8% |
| Deferred charges and accrued income | 490/1 | €649 | €653 | +€4 | +0.6% |
| Total equity and liabilities | 10/49 | €394,511 | €383,704 | -€10,807 | -2.7% |
| Equity | 10/15 | €68,517 | €93,672 | +€25,155 | +36.7% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €25,117 | €50,272 | +€25,155 | +100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €25,117 | €50,272 | +€25,155 | +100% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €325,994 | €290,032 | -€35,962 | -11.0% |
| Amounts payable after more than one year | 17 | €141,106 | €91,287 | -€49,819 | -35.3% |
| Financial debts | 170/4 | €141,106 | €91,287 | -€49,819 | -35.3% |
| Amounts payable within one year | 42/48 | €184,888 | €198,745 | +€13,857 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €62,608 | €58,364 | -€4,244 | -6.8% |
| Trade debts | 44 | €2,617 | €24,138 | +€21,521 | +822% |
| Suppliers | 440/4 | €2,617 | €24,138 | +€21,521 | +822% |
| Taxes, remuneration and social security | 45 | €2,400 | €2,564 | +€164 | +6.8% |
| Taxes | 450/3 | €2,400 | €2,564 | +€164 | +6.8% |
| Other amounts payable | 47/48 | €117,263 | €113,679 | -€3,584 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,643 | €65,311 | -€4,332 | -6.2% |
| Other operating charges | 640/8 | €5,661 | €8,844 | +€3,183 | +56.2% |
| Gross operating margin | 9900 | €109,392 | €145,877 | +€36,485 | +33.4% |
| Operating profit (loss) | 9901 | €34,088 | €71,722 | +€37,634 | +110% |
| Financial income | 75/76B | €45 | €134 | +€89 | +198% |
| Recurring financial income | 75 | €45 | €134 | +€89 | +198% |
| Financial charges | 65/66B | €8,025 | €6,118 | -€1,907 | -23.8% |
| Recurring financial charges | 65 | €8,025 | €6,118 | -€1,907 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €26,108 | €65,738 | +€39,630 | +152% |
| Income taxes | 67/77 | €7,272 | €15,466 | +€8,194 | +113% |
| Profit (loss) for the period | 9904 | €18,836 | €50,272 | +€31,436 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €18,836 | €50,272 | +€31,436 | +167% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.