MAJ 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.
MAJ DENTAL
Largest movements
- Receivables within one year +€61,297
up €61,297 (+159.0%), from €38,542 to €99,839
of which Other amounts receivable: +€61,297
- Tangible fixed assets +€42,992
up €42,992 (+237.8%), from €18,076 to €61,069
of which Leasing and similar rights: +€58,411
- Deferred charges and accrued income +€14,081
up €14,081 (+550.3%), from €2,559 to €16,640
- Cash -€11,774
down €11,774 (-8.9%), from €131,765 to €119,992
mainly Contributions, distributions and other (-€125,000) and Receivables within one year (-€61,297)
- Other debts +€125,000
new in 2025: €125,000
- Tax, wage and social debts -€34,657
down €34,657 (-97.7%), from €35,486 to €830
of which Taxes: -€34,657
- Debts after one year +€30,363
up €30,363 (+277.2%), from €10,952 to €41,314
- Profit (loss) carried forward -€17,089
down €17,089 (-13.0%), from €131,877 to €114,788
- Current portion of long-term debt +€5,323
up €5,323 (+116.8%), from €4,556 to €9,880
- Gross operating margin +€54,740
up €54,740 (+57.9%), from €94,514 to €149,254
- Taxes +€12,351
up €12,351 (+68.7%), from €17,979 to €30,330
- Depreciation -€4,041
down €4,041 (-38.0%), from €10,631 to €6,590
- Other operating charges +€2,573
up €2,573 (+393.0%), from €655 to €3,227
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 | €190,943 | €297,539 | +€106,597 | +55.8% |
| Fixed assets | 21/28 | €18,076 | €61,069 | +€42,992 | +237.8% |
| Tangible fixed assets | 22/27 | €18,076 | €61,069 | +€42,992 | +237.8% |
| Plant, machinery and equipment | 23 | €2,837 | €1,854 | -€983 | -34.7% |
| Furniture and vehicles | 24 | €15,240 | €804 | -€14,435 | -94.7% |
| Leasing and similar rights | 25 | - | €58,411 | +€58,411 | |
| Current assets | 29/58 | €172,866 | €236,471 | +€63,604 | +36.8% |
| Amounts receivable within one year | 40/41 | €38,542 | €99,839 | +€61,297 | +159.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €38,542 | €99,839 | +€61,297 | +159.0% |
| Cash at bank and in hand | 54/58 | €131,765 | €119,992 | -€11,774 | -8.9% |
| Deferred charges and accrued income | 490/1 | €2,559 | €16,640 | +€14,081 | +550.3% |
| Total equity and liabilities | 10/49 | €190,943 | €297,539 | +€106,597 | +55.8% |
| Equity | 10/15 | €134,877 | €117,788 | -€17,089 | -12.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,877 | €114,788 | -€17,089 | -13.0% |
| Amounts payable | 17/49 | €56,066 | €179,752 | +€123,686 | +220.6% |
| Amounts payable after more than one year | 17 | €10,952 | €41,314 | +€30,363 | +277.2% |
| Financial debts | 170/4 | €10,952 | €41,314 | +€30,363 | +277.2% |
| Amounts payable within one year | 42/48 | €45,114 | €138,438 | +€93,323 | +206.9% |
| Current portion of amounts payable after more than one year | 42 | €4,556 | €9,880 | +€5,323 | +116.8% |
| Trade debts | 44 | €5,072 | €2,729 | -€2,344 | -46.2% |
| Suppliers | 440/4 | €5,072 | €2,729 | -€2,344 | -46.2% |
| Taxes, remuneration and social security | 45 | €35,486 | €830 | -€34,657 | -97.7% |
| Taxes | 450/3 | €35,486 | €830 | -€34,657 | -97.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | - | €125,000 | +€125,000 | |
| Non-recurring operating income | 76A | - | €10,190 | +€10,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,631 | €6,590 | -€4,041 | -38.0% |
| Other operating charges | 640/8 | €655 | €3,227 | +€2,573 | +393.0% |
| Gross operating margin | 9900 | €94,514 | €149,254 | +€54,740 | +57.9% |
| Operating profit (loss) | 9901 | €83,228 | €139,436 | +€56,208 | +67.5% |
| Financial charges | 65/66B | €881 | €1,196 | +€315 | +35.8% |
| Recurring financial charges | 65 | €881 | €1,196 | +€315 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €82,347 | €138,240 | +€55,893 | +67.9% |
| Income taxes | 67/77 | €17,979 | €30,330 | +€12,351 | +68.7% |
| Profit (loss) for the period | 9904 | €64,368 | €107,911 | +€43,543 | +67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,368 | €107,911 | +€43,543 | +67.6% |
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 11 October 2026 via checked.be.