NAAM DENTHAL: what changed
Two fiscal 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.
NAAM DENTHAL
Largest movements
- Cash -€50,730
down €50,730 (-30.3%), from €167,402 to €116,672
mainly Contributions, distributions and other (-€150,000) and Trade debts (-€87,225)
- Tangible fixed assets -€31,387
down €31,387 (-9.9%), from €318,171 to €286,784
of which Plant, machinery and equipment: -€20,437
- Receivables within one year -€13,926
down €13,926 (-22.5%), from €61,849 to €47,923
of which Other amounts receivable: -€34,115
- Trade debts -€87,225
down €87,225 (-85.0%), from €102,565 to €15,340
- Other debts +€57,182
up €57,182 (+61.2%), from €93,505 to €150,687
- Debts after one year -€47,948
down €47,948 (-20.2%), from €236,789 to €188,840
- Short-term financial debts -€20,904
no longer reported in 2025 (was €20,904)
- Gross operating margin +€87,365
up €87,365 (+31.1%), from €281,292 to €368,658
- Taxes +€18,631
up €18,631 (+57.0%), from €32,706 to €51,336
- Staff costs +€8,644
up €8,644 (+8.0%), from €108,396 to €117,041
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 | €548,423 | €452,410 | -€96,012 | -17.5% |
| Fixed assets | 21/28 | €318,171 | €286,784 | -€31,387 | -9.9% |
| Tangible fixed assets | 22/27 | €318,171 | €286,784 | -€31,387 | -9.9% |
| Land and buildings | 22 | €259,046 | €248,277 | -€10,769 | -4.2% |
| Plant, machinery and equipment | 23 | €58,342 | €37,905 | -€20,437 | -35.0% |
| Furniture and vehicles | 24 | €783 | €602 | -€181 | -23.1% |
| Current assets | 29/58 | €230,252 | €165,626 | -€64,625 | -28.1% |
| Amounts receivable within one year | 40/41 | €61,849 | €47,923 | -€13,926 | -22.5% |
| Trade receivables | 40 | €27,346 | €47,536 | +€20,189 | +73.8% |
| Other amounts receivable | 41 | €34,503 | €388 | -€34,115 | -98.9% |
| Cash at bank and in hand | 54/58 | €167,402 | €116,672 | -€50,730 | -30.3% |
| Deferred charges and accrued income | 490/1 | €1,001 | €1,031 | +€30 | +3.0% |
| Total equity and liabilities | 10/49 | €548,423 | €452,410 | -€96,012 | -17.5% |
| Equity | 10/15 | €7,846 | €7,268 | -€578 | -7.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,546 | €968 | -€578 | -37.4% |
| Distributable reserves | 133 | €1,546 | €968 | -€578 | -37.4% |
| Amounts payable | 17/49 | €540,576 | €445,143 | -€95,434 | -17.7% |
| Amounts payable after more than one year | 17 | €236,789 | €188,840 | -€47,948 | -20.2% |
| Financial debts | 170/4 | €236,789 | €188,840 | -€47,948 | -20.2% |
| Amounts payable within one year | 42/48 | €303,396 | €256,302 | -€47,094 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €50,641 | €51,801 | +€1,160 | +2.3% |
| Financial debts | 43 | €20,904 | - | -€20,904 | |
| Credit institutions | 430/8 | €20,904 | - | -€20,904 | |
| Trade debts | 44 | €102,565 | €15,340 | -€87,225 | -85.0% |
| Suppliers | 440/4 | €102,565 | €15,340 | -€87,225 | -85.0% |
| Taxes, remuneration and social security | 45 | €35,781 | €38,474 | +€2,693 | +7.5% |
| Taxes | 450/3 | €23,317 | €19,746 | -€3,571 | -15.3% |
| Remuneration and social security | 454/9 | €12,464 | €18,728 | +€6,264 | +50.3% |
| Other amounts payable | 47/48 | €93,505 | €150,687 | +€57,182 | +61.2% |
| Accrued charges and deferred income | 492/3 | €391 | - | -€391 | |
| Remuneration, social security and pensions | 62 | €108,396 | €117,041 | +€8,644 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,557 | €34,938 | +€1,381 | +4.1% |
| Other operating charges | 640/8 | €6,500 | €10,149 | +€3,649 | +56.1% |
| Gross operating margin | 9900 | €281,292 | €368,658 | +€87,365 | +31.1% |
| Operating profit (loss) | 9901 | €132,839 | €206,530 | +€73,691 | +55.5% |
| Financial charges | 65/66B | €6,519 | €5,773 | -€746 | -11.4% |
| Recurring financial charges | 65 | €6,519 | €5,773 | -€746 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €126,320 | €200,758 | +€74,438 | +58.9% |
| Income taxes | 67/77 | €32,706 | €51,336 | +€18,631 | +57.0% |
| Profit (loss) for the period | 9904 | €93,614 | €149,422 | +€55,807 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,614 | €149,422 | +€55,807 | +59.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.