Triumph Dental: what changed
What changed
Triumph Dental
filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · -€6,522+€1.0m
Equity
€2.1m
2024 · €1.1m+€1.0m
Cash
€512
2024 · €16+€496
Balance sheet total
€3.3m
2024 · €1.7m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+87.5%), from €1.7m to €3.2m
of which Assets under construction and advance payments: +€1.6m
- Receivables within one year +€76,612
up €76,612 (+354%), from €21,635 to €98,247
Equity and liabilities
- Reserves +€1.0m
up €1.0m (+210%), from €490,734 to €1.5m
of which Tax-exempt reserves: +€1.0m
- Provisions +€342,899
up €342,899 (+845%), from €40,580 to €383,479
- Other debts +€245,000
up €245,000 (+44.6%), from €549,193 to €794,194
Income statement
- Gross operating margin +€1.3m
up €1.3m (+1,257%), from €107,231 to €1.5m
- Depreciation -€16,318
down €16,318 (-20.6%), from €79,246 to €62,928
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€6,522
Gross operating margin
+€1.3m
Depreciation
+€16,318
Other operating charges
+€2,156
Financial income
+€1,176
Financial charges
-€1,853
Taxes
+€717
Deferred taxes and other
-€344,384
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.6m
Investment
-€1.6m
Financing
-€18,311
Cash 2024
€16
From operations (derived)
+€1.6m
Net result for the year
+€1.0m
Depreciation
+€62,928
Receivables within one year
-€76,612
Smaller working-capital items
-€4,545
Provisions
+€342,899
Other debts
+€245,000
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€18,311
Debts after one year
-€5,758
Current portion of long-term debt
-€12,915
Short-term financial debts
+€362
Cash 2025
€512
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,743,094 | €3,326,908 | +€1.6m | +90.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,718,357 | €3,222,275 | +€1.5m | +87.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,718,007 | €3,221,925 | +€1.5m | +87.5% |
| Land and buildings | 22 | €1,642,161 | €1,456,614 | -€185,547 | -11.3% |
| Plant, machinery and equipment | 23 | €29,881 | €25,776 | -€4,105 | -13.7% |
| Furniture and vehicles | 24 | €13,020 | €10,917 | -€2,103 | -16.2% |
| Other tangible fixed assets | 26 | €32,945 | €84,945 | +€52,000 | +158% |
| Assets under construction and advance payments | 27 | - | €1,643,673 | +€1.6m | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €24,737 | €104,633 | +€79,895 | +323% |
| Amounts receivable within one year | 40/41 | €21,635 | €98,247 | +€76,612 | +354% |
| Other amounts receivable | 41 | €21,635 | €98,247 | +€76,612 | +354% |
| Cash at bank and in hand | 54/58 | €16 | €512 | +€496 | +3,111% |
| Deferred charges and accrued income | 490/1 | €3,086 | €5,874 | +€2,787 | +90.3% |
| Total equity and liabilities | 10/49 | €1,743,094 | €3,326,908 | +€1.6m | +90.9% |
| Equity | 10/15 | €1,114,881 | €2,130,863 | +€1.0m | +91.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €490,734 | €1,520,781 | +€1.0m | +210% |
| Non-distributable reserves | 130/1 | €5,694 | €5,694 | = | 0.0% |
| Legal reserve | 130 | €5,694 | €5,694 | = | 0.0% |
| Tax-exempt reserves | 132 | €242,091 | €1,272,139 | +€1.0m | +425% |
| Distributable reserves | 133 | €242,949 | €242,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | €562,147 | €548,082 | -€14,065 | -2.5% |
| Provisions and deferred taxes | 16 | €40,580 | €383,479 | +€342,899 | +845% |
| Deferred taxes | 168 | €40,580 | €383,479 | +€342,899 | +845% |
| Amounts payable | 17/49 | €587,633 | €812,566 | +€224,932 | +38.3% |
| Amounts payable after more than one year | 17 | €5,758 | - | -€5,758 | |
| Financial debts | 170/4 | €5,758 | - | -€5,758 | |
| Amounts payable within one year | 42/48 | €580,620 | €811,145 | +€230,524 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €18,673 | €5,758 | -€12,915 | -69.2% |
| Financial debts | 43 | €5,214 | €5,575 | +€362 | +6.9% |
| Credit institutions | 430/8 | €5,214 | €5,575 | +€362 | +6.9% |
| Trade debts | 44 | €7,281 | €4,232 | -€3,049 | -41.9% |
| Suppliers | 440/4 | €7,281 | €4,232 | -€3,049 | -41.9% |
| Taxes, remuneration and social security | 45 | €260 | €1,386 | +€1,126 | +433% |
| Taxes | 450/3 | €260 | €1,386 | +€1,126 | +433% |
| Other amounts payable | 47/48 | €549,193 | €794,194 | +€245,000 | +44.6% |
| Accrued charges and deferred income | 492/3 | €1,255 | €1,421 | +€166 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,246 | €62,928 | -€16,318 | -20.6% |
| Other operating charges | 640/8 | €24,325 | €22,169 | -€2,156 | -8.9% |
| Gross operating margin | 9900 | €107,231 | €1,455,605 | +€1.3m | +1,257% |
| Operating profit (loss) | 9901 | €3,660 | €1,370,508 | +€1.4m | +37,343% |
| Financial income | 75/76B | €26 | €1,202 | +€1,176 | +4,562% |
| Recurring financial income | 75 | €26 | €1,202 | +€1,176 | +4,562% |
| Financial charges | 65/66B | €9,749 | €11,602 | +€1,853 | +19.0% |
| Recurring financial charges | 65 | €9,749 | €11,602 | +€1,853 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,063 | €1,360,108 | +€1.4m | |
| Transfer from deferred taxes | 780 | €1,485 | €1,485 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €344,384 | +€344,384 | |
| Income taxes | 67/77 | €1,944 | €1,227 | -€717 | -36.9% |
| Profit (loss) for the period | 9904 | -€6,522 | €1,015,982 | +€1.0m | |
| Transfer from tax-exempt reserves | 789 | €3,105 | €3,105 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €1,033,152 | +€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,417 | -€14,065 | -€10,648 | -312% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.