TITANIUM 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.
TITANIUM DENTAL
Largest movements
- Tangible fixed assets +€266,598
up €266,598 (+66.2%), from €402,657 to €669,255
of which Land and buildings: +€294,754
- Cash -€173,413
down €173,413 (-90.2%), from €192,333 to €18,920
mainly Contributions, distributions and other (-€414,450) and Investment in fixed assets (net) (-€362,160)
- Reserves -€428,768
down €428,768 (-29.7%), from €1.4m to €1.0m
- Other debts +€324,635
up €324,635 (+361%), from €89,815 to €414,450
- Debts after one year +€194,359
up €194,359 (+57.2%), from €339,537 to €533,896
- Gross operating margin -€249,721
down €249,721 (-59.8%), from €417,721 to €168,000
- Write-downs -€51,269
down €51,269 (-100%), from €51,269 to €0
- Depreciation +€43,475
up €43,475 (+83.5%), from €52,088 to €95,562
- Taxes -€41,790
down €41,790 (-99.2%), from €42,144 to €354
- Staff costs +€13,486
up €13,486 (+22.4%), from €60,335 to €73,821
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 | €2,056,437 | €2,165,494 | +€109,056 | +5.3% |
| Fixed assets | 21/28 | €584,676 | €851,273 | +€266,598 | +45.6% |
| Tangible fixed assets | 22/27 | €402,657 | €669,255 | +€266,598 | +66.2% |
| Land and buildings | 22 | €314,591 | €609,345 | +€294,754 | +93.7% |
| Plant, machinery and equipment | 23 | €10,890 | €10,114 | -€776 | -7.1% |
| Furniture and vehicles | 24 | €56,514 | €33,640 | -€22,874 | -40.5% |
| Leasing and similar rights | 25 | €13,276 | €9,278 | -€3,998 | -30.1% |
| Other tangible fixed assets | 26 | €7,386 | €6,878 | -€508 | -6.9% |
| Financial fixed assets | 28 | €182,018 | €182,018 | = | 0.0% |
| Current assets | 29/58 | €1,471,762 | €1,314,221 | -€157,541 | -10.7% |
| Amounts receivable within one year | 40/41 | €1,201,879 | €1,217,797 | +€15,918 | +1.3% |
| Trade receivables | 40 | €80,048 | €60,227 | -€19,822 | -24.8% |
| Other amounts receivable | 41 | €1,121,831 | €1,157,570 | +€35,740 | +3.2% |
| Cash at bank and in hand | 54/58 | €192,333 | €18,920 | -€173,413 | -90.2% |
| Deferred charges and accrued income | 490/1 | €77,550 | €77,504 | -€46 | -0.1% |
| Total equity and liabilities | 10/49 | €2,056,437 | €2,165,494 | +€109,056 | +5.3% |
| Equity | 10/15 | €1,463,652 | €1,034,884 | -€428,768 | -29.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,445,102 | €1,016,334 | -€428,768 | -29.7% |
| Distributable reserves | 133 | €1,445,102 | €1,016,334 | -€428,768 | -29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €592,786 | €1,130,610 | +€537,825 | +90.7% |
| Amounts payable after more than one year | 17 | €339,537 | €533,896 | +€194,359 | +57.2% |
| Financial debts | 170/4 | €339,537 | €533,896 | +€194,359 | +57.2% |
| Amounts payable within one year | 42/48 | €253,249 | €594,729 | +€341,480 | +135% |
| Current portion of amounts payable after more than one year | 42 | €97,455 | €99,855 | +€2,401 | +2.5% |
| Financial debts | 43 | €38,430 | €38,405 | -€25 | -0.1% |
| Credit institutions | 430/8 | €38,430 | €38,405 | -€25 | -0.1% |
| Trade debts | 44 | €20,441 | €33,215 | +€12,774 | +62.5% |
| Suppliers | 440/4 | €20,441 | €33,215 | +€12,774 | +62.5% |
| Taxes, remuneration and social security | 45 | €7,108 | €8,803 | +€1,696 | +23.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €7,108 | €8,803 | +€1,696 | +23.9% |
| Other amounts payable | 47/48 | €89,815 | €414,450 | +€324,635 | +361% |
| Accrued charges and deferred income | 492/3 | - | €1,985 | +€1,985 | |
| Non-recurring operating income | 76A | €146,900 | €0 | -€146,900 | -100% |
| Remuneration, social security and pensions | 62 | €60,335 | €73,821 | +€13,486 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,088 | €95,562 | +€43,475 | +83.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,269 | €0 | -€51,269 | -100% |
| Other operating charges | 640/8 | €3,928 | €8,968 | +€5,040 | +128% |
| Non-recurring operating charges | 66A | €8,065 | €0 | -€8,065 | -100% |
| Gross operating margin | 9900 | €417,721 | €168,000 | -€249,721 | -59.8% |
| Operating profit (loss) | 9901 | €242,037 | -€10,351 | -€252,389 | |
| Financial income | 75/76B | €19,002 | €19,673 | +€671 | +3.5% |
| Recurring financial income | 75 | €19,002 | €19,673 | +€671 | +3.5% |
| Financial charges | 65/66B | €14,286 | €23,285 | +€9,000 | +63.0% |
| Recurring financial charges | 65 | €14,286 | €23,285 | +€9,000 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €246,754 | -€13,964 | -€260,717 | |
| Income taxes | 67/77 | €42,144 | €354 | -€41,790 | -99.2% |
| Profit (loss) for the period | 9904 | €204,610 | -€14,318 | -€218,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €204,610 | -€14,318 | -€218,927 |
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 24 October 2026 via checked.be.