MVS 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.
MVS Dental
Largest movements
- Tangible fixed assets +€180,591
up €180,591 (+10.4%), from €1.7m to €1.9m
of which Land and buildings: +€185,435
- Cash -€110,920
down €110,920 (-89.7%), from €123,590 to €12,670
mainly Investment in fixed assets (net) (-€238,878) and Receivables within one year (-€20,996)
- Receivables within one year +€20,996
new in 2025: €20,996
of which Trade receivables: +€10,598
- Reserves +€70,168
up €70,168 (+33.5%), from €209,184 to €279,352
- Current portion of long-term debt +€42,427
up €42,427 (+145%), from €29,240 to €71,667
- Gross operating margin +€41,659
up €41,659 (+23.2%), from €179,452 to €221,111
- Financial charges +€26,289
up €26,289 (+52.8%), from €49,761 to €76,050
of which Non-recurring financial charges: +€20,587
- Taxes +€4,807
up €4,807 (+63.2%), from €7,610 to €12,417
- Other operating charges +€2,353
up €2,353 (+128%), from €1,843 to €4,196
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 | €1,865,408 | €1,956,504 | +€91,096 | +4.9% |
| Fixed assets | 21/28 | €1,736,726 | €1,917,317 | +€180,591 | +10.4% |
| Tangible fixed assets | 22/27 | €1,736,726 | €1,917,317 | +€180,591 | +10.4% |
| Land and buildings | 22 | €1,728,623 | €1,914,058 | +€185,435 | +10.7% |
| Furniture and vehicles | 24 | €8,103 | €3,259 | -€4,844 | -59.8% |
| Current assets | 29/58 | €128,682 | €39,187 | -€89,495 | -69.5% |
| Amounts receivable within one year | 40/41 | - | €20,996 | +€20,996 | |
| Trade receivables | 40 | - | €10,598 | +€10,598 | |
| Other amounts receivable | 41 | - | €10,398 | +€10,398 | |
| Cash at bank and in hand | 54/58 | €123,590 | €12,670 | -€110,920 | -89.7% |
| Deferred charges and accrued income | 490/1 | €5,092 | €5,521 | +€429 | +8.4% |
| Total equity and liabilities | 10/49 | €1,865,408 | €1,956,504 | +€91,096 | +4.9% |
| Equity | 10/15 | €214,184 | €284,352 | +€70,168 | +32.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €209,184 | €279,352 | +€70,168 | +33.5% |
| Distributable reserves | 133 | €209,184 | €279,352 | +€70,168 | +33.5% |
| Amounts payable | 17/49 | €1,651,224 | €1,672,152 | +€20,928 | +1.3% |
| Amounts payable after more than one year | 17 | €1,591,008 | €1,580,317 | -€10,691 | -0.7% |
| Financial debts | 170/4 | €1,358,130 | €1,400,317 | +€42,187 | +3.1% |
| Other amounts payable | 178/9 | €232,878 | €180,000 | -€52,878 | -22.7% |
| Amounts payable within one year | 42/48 | €51,181 | €84,114 | +€32,933 | +64.3% |
| Current portion of amounts payable after more than one year | 42 | €29,240 | €71,667 | +€42,427 | +145% |
| Trade debts | 44 | €2,322 | €3,686 | +€1,364 | +58.7% |
| Suppliers | 440/4 | €2,322 | €3,686 | +€1,364 | +58.7% |
| Taxes, remuneration and social security | 45 | €11,209 | €7,499 | -€3,710 | -33.1% |
| Taxes | 450/3 | €11,209 | €7,499 | -€3,710 | -33.1% |
| Other amounts payable | 47/48 | €8,410 | €1,262 | -€7,148 | -85.0% |
| Accrued charges and deferred income | 492/3 | €9,035 | €7,721 | -€1,314 | -14.5% |
| Non-recurring operating income | 76A | €945 | - | -€945 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,787 | €58,287 | +€500 | +0.9% |
| Other operating charges | 640/8 | €1,843 | €4,196 | +€2,353 | +128% |
| Gross operating margin | 9900 | €179,452 | €221,111 | +€41,659 | +23.2% |
| Operating profit (loss) | 9901 | €119,822 | €158,628 | +€38,806 | +32.4% |
| Financial income | 75/76B | €372 | €7 | -€365 | -98.1% |
| Recurring financial income | 75 | €372 | €7 | -€365 | -98.1% |
| Financial charges | 65/66B | €49,761 | €76,050 | +€26,289 | +52.8% |
| Recurring financial charges | 65 | €49,761 | €55,463 | +€5,702 | +11.5% |
| Non-recurring financial charges | 66B | - | €20,587 | +€20,587 | |
| Profit (loss) for the period before taxes | 9903 | €70,433 | €82,585 | +€12,152 | +17.3% |
| Income taxes | 67/77 | €7,610 | €12,417 | +€4,807 | +63.2% |
| Profit (loss) for the period | 9904 | €62,823 | €70,168 | +€7,345 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,823 | €70,168 | +€7,345 | +11.7% |
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 25 October 2026 via checked.be.