HDENTAL: 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.
HDENTAL
Largest movements
- Tangible fixed assets +€219,255
up €219,255 (+26,112%), from €840 to €220,095
of which Assets under construction and advance payments: +€219,613
- Cash -€197,250
down €197,250 (-81.3%), from €242,506 to €45,256
mainly Investment in fixed assets (net) (-€248,673) and Debts after one year (-€16,771)
- Profit (loss) carried forward +€52,317
up €52,317 (+50.4%), from €103,830 to €156,146
- Debts after one year -€16,771
down €16,771 (-45.5%), from €36,824 to €20,053
of which Financial debts: -€15,309
- Trade debts -€4,979
down €4,979 (-49.4%), from €10,081 to €5,102
- Current portion of long-term debt -€4,932
down €4,932 (-24.4%), from €20,241 to €15,309
- Tax, wage and social debts -€3,428
down €3,428 (-13.2%), from €25,876 to €22,449
of which Remuneration and social security: -€3,547
- Gross operating margin +€33,180
up €33,180 (+33.6%), from €98,805 to €131,985
- Depreciation +€20,810
up €20,810 (+242%), from €8,607 to €29,418
- Taxes +€3,249
up €3,249 (+27.0%), from €12,013 to €15,262
- Staff costs -€1,910
down €1,910 (-5.5%), from €35,049 to €33,138
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,916 | €278,368 | +€22,452 | +8.8% |
| Fixed assets | 21/28 | €3,081 | €222,336 | +€219,255 | +7,116% |
| Tangible fixed assets | 22/27 | €840 | €220,095 | +€219,255 | +26,112% |
| Plant, machinery and equipment | 23 | €29 | - | -€29 | |
| Furniture and vehicles | 24 | €810 | €482 | -€328 | -40.5% |
| Assets under construction and advance payments | 27 | - | €219,613 | +€219,613 | |
| Financial fixed assets | 28 | €2,241 | €2,241 | = | 0.0% |
| Current assets | 29/58 | €252,834 | €56,031 | -€196,803 | -77.8% |
| Amounts receivable within one year | 40/41 | €7,987 | €7,987 | = | 0.0% |
| Other amounts receivable | 41 | €7,987 | €7,987 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €242,506 | €45,256 | -€197,250 | -81.3% |
| Deferred charges and accrued income | 490/1 | €2,342 | €2,789 | +€447 | +19.1% |
| Total equity and liabilities | 10/49 | €255,916 | €278,368 | +€22,452 | +8.8% |
| Equity | 10/15 | €162,894 | €215,210 | +€52,317 | +32.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,064 | €54,064 | = | 0.0% |
| Distributable reserves | 133 | €54,064 | €54,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,830 | €156,146 | +€52,317 | +50.4% |
| Amounts payable | 17/49 | €93,022 | €63,158 | -€29,864 | -32.1% |
| Amounts payable after more than one year | 17 | €36,824 | €20,053 | -€16,771 | -45.5% |
| Financial debts | 170/4 | €15,309 | - | -€15,309 | |
| Other amounts payable | 178/9 | €21,515 | €20,053 | -€1,462 | -6.8% |
| Amounts payable within one year | 42/48 | €56,198 | €43,105 | -€13,093 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €20,241 | €15,309 | -€4,932 | -24.4% |
| Financial debts | 43 | - | €245 | +€245 | |
| Credit institutions | 430/8 | - | €245 | +€245 | |
| Trade debts | 44 | €10,081 | €5,102 | -€4,979 | -49.4% |
| Suppliers | 440/4 | €10,081 | €5,102 | -€4,979 | -49.4% |
| Taxes, remuneration and social security | 45 | €25,876 | €22,449 | -€3,428 | -13.2% |
| Taxes | 450/3 | €17,546 | €17,666 | +€120 | +0.7% |
| Remuneration and social security | 454/9 | €8,330 | €4,782 | -€3,547 | -42.6% |
| Remuneration, social security and pensions | 62 | €35,049 | €33,138 | -€1,910 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,607 | €29,418 | +€20,810 | +242% |
| Other operating charges | 640/8 | €506 | €1,161 | +€656 | +130% |
| Gross operating margin | 9900 | €98,805 | €131,985 | +€33,180 | +33.6% |
| Operating profit (loss) | 9901 | €54,644 | €68,268 | +€13,624 | +24.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €797 | €689 | -€108 | -13.5% |
| Recurring financial charges | 65 | €797 | €689 | -€108 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €53,847 | €67,579 | +€13,732 | +25.5% |
| Income taxes | 67/77 | €12,013 | €15,262 | +€3,249 | +27.0% |
| Profit (loss) for the period | 9904 | €41,834 | €52,317 | +€10,483 | +25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,834 | €52,317 | +€10,483 | +25.1% |
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 17 October 2026 via checked.be.