MANDERVELT 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.
MANDERVELT DENTAL
Largest movements
- Tangible fixed assets -€13,674
down €13,674 (-20.7%), from €65,977 to €52,304
of which Furniture and vehicles: -€15,101
- Cash +€9,791
up €9,791 (+9.3%), from €105,175 to €114,966
mainly Depreciation (+€17,618) and Net result for the year (+€9,630)
- Receivables within one year -€6,792
down €6,792 (-43.4%), from €15,639 to €8,847
of which Trade receivables: -€3,907
- Tax, wage and social debts -€14,465
down €14,465 (-61.8%), from €23,415 to €8,950
of which Taxes: -€14,590
- Reserves +€9,630
up €9,630 (+14.8%), from €65,092 to €74,722
- Debts after one year -€8,182
down €8,182 (-38.5%), from €21,248 to €13,066
- Other debts +€2,691
up €2,691 (+6.0%), from €44,994 to €47,685
- Gross operating margin -€105,126
down €105,126 (-50.1%), from €209,881 to €104,755
- Staff costs -€33,650
down €33,650 (-32.0%), from €105,150 to €71,501
- Taxes -€14,590
down €14,590 (-79.2%), from €18,416 to €3,826
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 | €198,926 | €190,784 | -€8,142 | -4.1% |
| Fixed assets | 21/28 | €65,977 | €52,304 | -€13,674 | -20.7% |
| Tangible fixed assets | 22/27 | €65,977 | €52,304 | -€13,674 | -20.7% |
| Plant, machinery and equipment | 23 | €1,738 | €4,211 | +€2,473 | +142.2% |
| Furniture and vehicles | 24 | €60,046 | €44,944 | -€15,101 | -25.1% |
| Other tangible fixed assets | 26 | €4,193 | €3,149 | -€1,045 | -24.9% |
| Current assets | 29/58 | €132,949 | €138,481 | +€5,532 | +4.2% |
| Stocks and contracts in progress | 3 | €10,987 | €12,147 | +€1,160 | +10.6% |
| Stocks | 30/36 | €10,987 | €12,147 | +€1,160 | +10.6% |
| Amounts receivable within one year | 40/41 | €15,639 | €8,847 | -€6,792 | -43.4% |
| Trade receivables | 40 | €10,740 | €6,833 | -€3,907 | -36.4% |
| Other amounts receivable | 41 | €4,899 | €2,014 | -€2,885 | -58.9% |
| Cash at bank and in hand | 54/58 | €105,175 | €114,966 | +€9,791 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,147 | €2,520 | +€1,373 | +119.6% |
| Total equity and liabilities | 10/49 | €198,926 | €190,784 | -€8,142 | -4.1% |
| Equity | 10/15 | €68,092 | €77,722 | +€9,630 | +14.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,092 | €74,722 | +€9,630 | +14.8% |
| Distributable reserves | 133 | €65,092 | €74,722 | +€9,630 | +14.8% |
| Amounts payable | 17/49 | €130,834 | €113,062 | -€17,772 | -13.6% |
| Amounts payable after more than one year | 17 | €21,248 | €13,066 | -€8,182 | -38.5% |
| Financial debts | 170/4 | €21,248 | €13,066 | -€8,182 | -38.5% |
| Amounts payable within one year | 42/48 | €109,586 | €99,996 | -€9,590 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €7,783 | €8,182 | +€399 | +5.1% |
| Trade debts | 44 | €33,393 | €35,178 | +€1,785 | +5.3% |
| Suppliers | 440/4 | €33,393 | €35,178 | +€1,785 | +5.3% |
| Taxes, remuneration and social security | 45 | €23,415 | €8,950 | -€14,465 | -61.8% |
| Taxes | 450/3 | €18,416 | €3,826 | -€14,590 | -79.2% |
| Remuneration and social security | 454/9 | €4,999 | €5,124 | +€125 | +2.5% |
| Other amounts payable | 47/48 | €44,994 | €47,685 | +€2,691 | +6.0% |
| Remuneration, social security and pensions | 62 | €105,150 | €71,501 | -€33,650 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,995 | €17,618 | +€624 | +3.7% |
| Other operating charges | 640/8 | €1,631 | €902 | -€729 | -44.7% |
| Gross operating margin | 9900 | €209,881 | €104,755 | -€105,126 | -50.1% |
| Operating profit (loss) | 9901 | €86,105 | €14,734 | -€71,371 | -82.9% |
| Financial income | 75/76B | €481 | €246 | -€235 | -48.9% |
| Recurring financial income | 75 | €481 | €246 | -€235 | -48.9% |
| Financial charges | 65/66B | €3,078 | €1,523 | -€1,554 | -50.5% |
| Recurring financial charges | 65 | €3,015 | €1,417 | -€1,597 | -53.0% |
| Non-recurring financial charges | 66B | €63 | €106 | +€43 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €83,509 | €13,457 | -€70,052 | -83.9% |
| Income taxes | 67/77 | €18,416 | €3,826 | -€14,590 | -79.2% |
| Profit (loss) for the period | 9904 | €65,092 | €9,630 | -€55,462 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,092 | €9,630 | -€55,462 | -85.2% |
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 10 October 2026 via checked.be.