M-DENT: 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-DENT
Largest movements
- Cash -€34,131
down €34,131 (-53.2%), from €64,097 to €29,965
mainly Contributions, distributions and other (-€190,128) and Debts after one year (-€31,453)
- Tangible fixed assets -€28,787
down €28,787 (-14.1%), from €204,616 to €175,829
- Receivables within one year -€13,384
down €13,384 (-52.0%), from €25,755 to €12,371
- Deferred charges and accrued income +€5,395
up €5,395 (+120.6%), from €4,475 to €9,870
- Intangible fixed assets +€2,990
new in 2025: €2,990
- Reserves -€119,341
no longer reported in 2025 (was €119,341)
- Other debts +€75,452
up €75,452 (+503.0%), from €15,000 to €90,452
- Debts after one year -€31,453
down €31,453 (-28.1%), from €111,841 to €80,387
- Trade debts +€11,383
up €11,383 (+155.1%), from €7,341 to €18,724
- Gross operating margin +€16,381
up €16,381 (+11.6%), from €141,320 to €157,701
- Depreciation -€8,001
down €8,001 (-17.4%), from €46,035 to €38,034
- Taxes +€4,263
up €4,263 (+28.1%), from €15,183 to €19,446
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 | €298,942 | €231,025 | -€67,917 | -22.7% |
| Fixed assets | 21/28 | €204,616 | €178,819 | -€25,797 | -12.6% |
| Intangible fixed assets | 21 | - | €2,990 | +€2,990 | |
| Tangible fixed assets | 22/27 | €204,616 | €175,829 | -€28,787 | -14.1% |
| Land and buildings | 22 | €88,995 | €85,490 | -€3,505 | -3.9% |
| Plant, machinery and equipment | 23 | €66,876 | €54,694 | -€12,183 | -18.2% |
| Furniture and vehicles | 24 | €3,980 | €1,316 | -€2,663 | -66.9% |
| Leasing and similar rights | 25 | €44,765 | €34,329 | -€10,436 | -23.3% |
| Current assets | 29/58 | €94,326 | €52,206 | -€42,120 | -44.7% |
| Amounts receivable within one year | 40/41 | €25,755 | €12,371 | -€13,384 | -52.0% |
| Other amounts receivable | 41 | €25,755 | €12,371 | -€13,384 | -52.0% |
| Cash at bank and in hand | 54/58 | €64,097 | €29,965 | -€34,131 | -53.2% |
| Deferred charges and accrued income | 490/1 | €4,475 | €9,870 | +€5,395 | +120.6% |
| Total equity and liabilities | 10/49 | €298,942 | €231,025 | -€67,917 | -22.7% |
| Equity | 10/15 | €124,341 | €5,000 | -€119,341 | -96.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,341 | - | -€119,341 | |
| Distributable reserves | 133 | €119,341 | - | -€119,341 | |
| Amounts payable | 17/49 | €174,601 | €226,025 | +€51,424 | +29.5% |
| Amounts payable after more than one year | 17 | €111,841 | €80,387 | -€31,453 | -28.1% |
| Financial debts | 170/4 | €111,841 | €80,387 | -€31,453 | -28.1% |
| Amounts payable within one year | 42/48 | €62,761 | €145,198 | +€82,438 | +131.4% |
| Current portion of amounts payable after more than one year | 42 | €33,967 | €31,453 | -€2,514 | -7.4% |
| Financial debts | 43 | €10 | €10 | = | 0.0% |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Other loans | 439 | - | €10 | +€10 | |
| Trade debts | 44 | €7,341 | €18,724 | +€11,383 | +155.1% |
| Suppliers | 440/4 | €7,341 | €18,724 | +€11,383 | +155.1% |
| Taxes, remuneration and social security | 45 | €6,443 | €4,559 | -€1,884 | -29.2% |
| Remuneration and social security | 454/9 | €6,443 | €4,559 | -€1,884 | -29.2% |
| Other amounts payable | 47/48 | €15,000 | €90,452 | +€75,452 | +503.0% |
| Accrued charges and deferred income | 492/3 | - | €440 | +€440 | |
| Remuneration, social security and pensions | 62 | €23,051 | €23,532 | +€481 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,035 | €38,034 | -€8,001 | -17.4% |
| Other operating charges | 640/8 | €1,805 | €1,250 | -€555 | -30.7% |
| Gross operating margin | 9900 | €141,320 | €157,701 | +€16,381 | +11.6% |
| Operating profit (loss) | 9901 | €70,430 | €94,884 | +€24,455 | +34.7% |
| Financial income | 75/76B | €471 | €306 | -€165 | -35.0% |
| Recurring financial income | 75 | €471 | €306 | -€165 | -35.0% |
| Financial charges | 65/66B | €5,937 | €4,957 | -€980 | -16.5% |
| Recurring financial charges | 65 | €5,937 | €4,957 | -€980 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €64,963 | €90,233 | +€25,270 | +38.9% |
| Income taxes | 67/77 | €15,183 | €19,446 | +€4,263 | +28.1% |
| Profit (loss) for the period | 9904 | €49,780 | €70,787 | +€21,007 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,780 | €70,787 | +€21,007 | +42.2% |
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 9 October 2026 via checked.be.