M&D DENTAL: 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.
M&D DENTAL
Largest movements
- Receivables within one year +€149,601
up €149,601 (+460%), from €32,525 to €182,126
of which Other amounts receivable: +€133,360
- Tangible fixed assets -€22,197
down €22,197 (-67.6%), from €32,855 to €10,658
- Cash -€17,705
down €17,705 (-12.6%), from €140,029 to €122,324
mainly Receivables within one year (-€149,601) and Current portion of long-term debt (-€26,840)
- Deferred charges and accrued income -€14,794
down €14,794 (-95.5%), from €15,493 to €699
- Reserves +€50,000
up €50,000 (+37.9%), from €132,056 to €182,056
- Profit (loss) carried forward +€40,909
new in 2025: €40,909
- Tax, wage and social debts +€32,621
up €32,621 (+56.2%), from €58,058 to €90,680
- Current portion of long-term debt -€26,840
no longer reported in 2025 (was €26,840)
- Gross operating margin -€83,538
down €83,538 (-35.7%), from €233,904 to €150,365
- Taxes -€25,437
down €25,437 (-43.8%), from €58,058 to €32,621
- Depreciation -€12,078
down €12,078 (-35.2%), from €34,275 to €22,197
- Other operating charges -€4,638
down €4,638 (-74.4%), from €6,233 to €1,595
- Financial charges -€2,599
down €2,599 (-79.2%), from €3,282 to €683
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 | €220,903 | €315,808 | +€94,905 | +43.0% |
| Fixed assets | 21/28 | €32,855 | €10,658 | -€22,197 | -67.6% |
| Tangible fixed assets | 22/27 | €32,855 | €10,658 | -€22,197 | -67.6% |
| Furniture and vehicles | 24 | €32,855 | €10,658 | -€22,197 | -67.6% |
| Current assets | 29/58 | €188,048 | €305,149 | +€117,102 | +62.3% |
| Amounts receivable within one year | 40/41 | €32,525 | €182,126 | +€149,601 | +460% |
| Trade receivables | 40 | - | €16,242 | +€16,242 | |
| Other amounts receivable | 41 | €32,525 | €165,885 | +€133,360 | +410% |
| Cash at bank and in hand | 54/58 | €140,029 | €122,324 | -€17,705 | -12.6% |
| Deferred charges and accrued income | 490/1 | €15,493 | €699 | -€14,794 | -95.5% |
| Total equity and liabilities | 10/49 | €220,903 | €315,808 | +€94,905 | +43.0% |
| Equity | 10/15 | €134,056 | €224,965 | +€90,909 | +67.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €132,056 | €182,056 | +€50,000 | +37.9% |
| Distributable reserves | 133 | €132,056 | €182,056 | +€50,000 | +37.9% |
| Profit (loss) carried forward | 14 | - | €40,909 | +€40,909 | |
| Amounts payable | 17/49 | €86,847 | €90,843 | +€3,996 | +4.6% |
| Amounts payable within one year | 42/48 | €86,847 | €90,843 | +€3,996 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €26,840 | - | -€26,840 | |
| Trade debts | 44 | €1,949 | €163 | -€1,786 | -91.6% |
| Suppliers | 440/4 | €1,949 | €163 | -€1,786 | -91.6% |
| Taxes, remuneration and social security | 45 | €58,058 | €90,680 | +€32,621 | +56.2% |
| Taxes | 450/3 | €58,058 | €90,680 | +€32,621 | +56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,275 | €22,197 | -€12,078 | -35.2% |
| Other operating charges | 640/8 | €6,233 | €1,595 | -€4,638 | -74.4% |
| Non-recurring operating charges | 66A | - | €2,360 | +€2,360 | |
| Gross operating margin | 9900 | €233,904 | €150,365 | -€83,538 | -35.7% |
| Operating profit (loss) | 9901 | €193,396 | €124,213 | -€69,183 | -35.8% |
| Financial charges | 65/66B | €3,282 | €683 | -€2,599 | -79.2% |
| Recurring financial charges | 65 | €3,282 | €683 | -€2,599 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | €190,114 | €123,530 | -€66,584 | -35.0% |
| Income taxes | 67/77 | €58,058 | €32,621 | -€25,437 | -43.8% |
| Profit (loss) for the period | 9904 | €132,056 | €90,909 | -€41,147 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €132,056 | €90,909 | -€41,147 | -31.2% |
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 25 October 2026 via checked.be.