MDENTAL: 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.
MDENTAL
Largest movements
- Receivables within one year +€11,269
up €11,269 (+33.8%), from €33,317 to €44,586
of which Other amounts receivable: +€14,794
- Cash -€3,207
down €3,207 (-19.5%), from €16,461 to €13,254
mainly Contributions, distributions and other (-€21,000) and Receivables within one year (-€11,269)
- Tangible fixed assets -€2,187
down €2,187 (-34.0%), from €6,430 to €4,243
of which Plant, machinery and equipment: -€2,863
- Tax, wage and social debts +€5,183
up €5,183 (+19.0%), from €27,251 to €32,434
- Other debts +€5,000
up €5,000 (+31.3%), from €16,000 to €21,000
- Trade debts -€2,685
down €2,685 (-30.0%), from €8,963 to €6,278
- Debts after one year -€1,419
down €1,419 (-73.3%), from €1,934 to €516
- Gross operating margin -€13,735
down €13,735 (-25.9%), from €53,099 to €39,364
- Taxes -€3,561
down €3,561 (-21.3%), from €16,745 to €13,184
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 | €108,699 | €114,731 | +€6,032 | +5.5% |
| Fixed assets | 21/28 | €56,430 | €54,243 | -€2,187 | -3.9% |
| Tangible fixed assets | 22/27 | €6,430 | €4,243 | -€2,187 | -34.0% |
| Plant, machinery and equipment | 23 | €4,386 | €1,522 | -€2,863 | -65.3% |
| Furniture and vehicles | 24 | €971 | €2,057 | +€1,086 | +111.8% |
| Other tangible fixed assets | 26 | €1,073 | €664 | -€409 | -38.1% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €52,269 | €60,488 | +€8,220 | +15.7% |
| Amounts receivable within one year | 40/41 | €33,317 | €44,586 | +€11,269 | +33.8% |
| Trade receivables | 40 | €16,888 | €13,362 | -€3,526 | -20.9% |
| Other amounts receivable | 41 | €16,430 | €31,224 | +€14,794 | +90.0% |
| Cash at bank and in hand | 54/58 | €16,461 | €13,254 | -€3,207 | -19.5% |
| Deferred charges and accrued income | 490/1 | €2,490 | €2,649 | +€158 | +6.3% |
| Total equity and liabilities | 10/49 | €108,699 | €114,731 | +€6,032 | +5.5% |
| Equity | 10/15 | €53,001 | €52,955 | -€47 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,860 | €34,000 | +€140 | +0.4% |
| Distributable reserves | 133 | €33,860 | €34,000 | +€140 | +0.4% |
| Profit (loss) carried forward | 14 | €541 | €355 | -€187 | -34.5% |
| Amounts payable | 17/49 | €55,698 | €61,777 | +€6,079 | +10.9% |
| Amounts payable after more than one year | 17 | €1,934 | €516 | -€1,419 | -73.3% |
| Financial debts | 170/4 | €1,934 | €516 | -€1,419 | -73.3% |
| Amounts payable within one year | 42/48 | €53,763 | €61,261 | +€7,498 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €1,548 | €1,548 | = | 0.0% |
| Financial debts | 43 | €2 | €2 | = | 0.0% |
| Credit institutions | 430/8 | €2 | €2 | = | 0.0% |
| Trade debts | 44 | €8,963 | €6,278 | -€2,685 | -30.0% |
| Suppliers | 440/4 | €8,963 | €6,278 | -€2,685 | -30.0% |
| Taxes, remuneration and social security | 45 | €27,251 | €32,434 | +€5,183 | +19.0% |
| Taxes | 450/3 | €27,251 | €32,434 | +€5,183 | +19.0% |
| Other amounts payable | 47/48 | €16,000 | €21,000 | +€5,000 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,839 | €3,596 | -€243 | -6.3% |
| Other operating charges | 640/8 | €742 | €1,104 | +€362 | +48.8% |
| Gross operating margin | 9900 | €53,099 | €39,364 | -€13,735 | -25.9% |
| Operating profit (loss) | 9901 | €48,518 | €34,664 | -€13,854 | -28.6% |
| Financial charges | 65/66B | €342 | €526 | +€184 | +53.7% |
| Recurring financial charges | 65 | €342 | €526 | +€184 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €48,176 | €34,137 | -€14,038 | -29.1% |
| Income taxes | 67/77 | €16,745 | €13,184 | -€3,561 | -21.3% |
| Profit (loss) for the period | 9904 | €31,431 | €20,953 | -€10,477 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,431 | €20,953 | -€10,477 | -33.3% |
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.