MANDEL 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.
MANDEL DENTAL
Largest movements
- Cash +€129,176
up €129,176 (+357%), from €36,206 to €165,382
mainly Other debts (+€179,774) and Current investments (+€65,000)
- Current investments -€65,000
down €65,000 (-90.3%), from €72,000 to €7,000
- Receivables within one year -€12,573
down €12,573 (-52.8%), from €23,827 to €11,254
of which Other amounts receivable: -€8,110
- Tangible fixed assets -€2,169
down €2,169 (-33.6%), from €6,453 to €4,283
- Other debts +€179,774
up €179,774 (+79,374%), from €226 to €180,000
- Profit (loss) carried forward -€132,603
down €132,603 (-99.2%), from €133,688 to €1,085
- Tax, wage and social debts +€3,090
new in 2025: €3,090
- Gross operating margin +€28,246
up €28,246 (+84.1%), from €33,573 to €61,819
- Taxes +€6,327
up €6,327 (+85.6%), from €7,390 to €13,718
- Financial income +€2,110
up €2,110 (+56,571%), from €4 to €2,114
- Depreciation +€2,039
up €2,039 (+1,558%), from €131 to €2,169
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 | €139,492 | €188,994 | +€49,502 | +35.5% |
| Fixed assets | 21/28 | €6,453 | €4,283 | -€2,169 | -33.6% |
| Tangible fixed assets | 22/27 | €6,453 | €4,283 | -€2,169 | -33.6% |
| Plant, machinery and equipment | 23 | €6,453 | €4,283 | -€2,169 | -33.6% |
| Current assets | 29/58 | €133,039 | €184,710 | +€51,671 | +38.8% |
| Amounts receivable within one year | 40/41 | €23,827 | €11,254 | -€12,573 | -52.8% |
| Trade receivables | 40 | €15,717 | €11,254 | -€4,464 | -28.4% |
| Other amounts receivable | 41 | €8,110 | - | -€8,110 | |
| Current investments | 50/53 | €72,000 | €7,000 | -€65,000 | -90.3% |
| Cash at bank and in hand | 54/58 | €36,206 | €165,382 | +€129,176 | +357% |
| Deferred charges and accrued income | 490/1 | €1,006 | €1,075 | +€69 | +6.8% |
| Total equity and liabilities | 10/49 | €139,492 | €188,994 | +€49,502 | +35.5% |
| Equity | 10/15 | €137,188 | €4,585 | -€132,603 | -96.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,688 | €1,085 | -€132,603 | -99.2% |
| Amounts payable | 17/49 | €2,304 | €184,409 | +€182,105 | +7,904% |
| Amounts payable within one year | 42/48 | €2,304 | €184,409 | +€182,105 | +7,904% |
| Trade debts | 44 | €2,078 | €1,319 | -€759 | -36.5% |
| Suppliers | 440/4 | €2,078 | €1,319 | -€759 | -36.5% |
| Taxes, remuneration and social security | 45 | - | €3,090 | +€3,090 | |
| Taxes | 450/3 | - | €3,090 | +€3,090 | |
| Other amounts payable | 47/48 | €226 | €180,000 | +€179,774 | +79,374% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131 | €2,169 | +€2,039 | +1,558% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €33,573 | €61,819 | +€28,246 | +84.1% |
| Operating profit (loss) | 9901 | €33,442 | €59,262 | +€25,820 | +77.2% |
| Financial income | 75/76B | €4 | €2,114 | +€2,110 | +56,571% |
| Recurring financial income | 75 | €4 | €2,114 | +€2,110 | +56,571% |
| Financial charges | 65/66B | €255 | €261 | +€6 | +2.5% |
| Recurring financial charges | 65 | €255 | €261 | +€6 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €33,191 | €61,114 | +€27,923 | +84.1% |
| Income taxes | 67/77 | €7,390 | €13,718 | +€6,327 | +85.6% |
| Profit (loss) for the period | 9904 | €25,801 | €47,397 | +€21,596 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,801 | €47,397 | +€21,596 | +83.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.