MTh Dental: 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.
MTh Dental
Largest movements
- Receivables within one year +€22,661
up €22,661 (+1326.5%), from €1,708 to €24,369
- Tangible fixed assets -€18,974
down €18,974 (-12.4%), from €153,006 to €134,033
- Cash +€6,885
up €6,885 (+70.0%), from €9,840 to €16,725
mainly Net result for the year (+€26,557) and Depreciation (+€23,285)
- Debts after one year -€17,442
down €17,442 (-16.3%), from €106,827 to €89,385
- Reserves +€16,741
new in 2025: €16,741
- Other debts +€8,142
up €8,142 (+44.2%), from €18,415 to €26,557
- Tax, wage and social debts +€6,776
new in 2025: €6,776
- Current portion of long-term debt -€4,110
down €4,110 (-19.1%), from €21,552 to €17,442
- Taxes +€7,811
up €7,811 (+257.5%), from €3,033 to €10,844
- Depreciation +€3,135
up €3,135 (+15.6%), from €20,150 to €23,285
- Gross operating margin +€1,358
up €1,358 (+2.0%), from €68,644 to €70,002
- Financial income +€743
up €743 (+4990.5%), from €15 to €757
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 | €169,528 | €179,108 | +€9,580 | +5.7% |
| Fixed assets | 21/28 | €156,756 | €136,283 | -€20,474 | -13.1% |
| Intangible fixed assets | 21 | €3,750 | €2,250 | -€1,500 | -40.0% |
| Tangible fixed assets | 22/27 | €153,006 | €134,033 | -€18,974 | -12.4% |
| Land and buildings | 22 | €117,770 | €110,595 | -€7,175 | -6.1% |
| Plant, machinery and equipment | 23 | €19,891 | €12,069 | -€7,821 | -39.3% |
| Furniture and vehicles | 24 | €1,446 | €3,102 | +€1,656 | +114.5% |
| Leasing and similar rights | 25 | €13,899 | €8,266 | -€5,633 | -40.5% |
| Current assets | 29/58 | €12,771 | €42,825 | +€30,054 | +235.3% |
| Amounts receivable within one year | 40/41 | €1,708 | €24,369 | +€22,661 | +1326.5% |
| Other amounts receivable | 41 | €1,708 | €24,369 | +€22,661 | +1326.5% |
| Cash at bank and in hand | 54/58 | €9,840 | €16,725 | +€6,885 | +70.0% |
| Deferred charges and accrued income | 490/1 | €1,223 | €1,731 | +€508 | +41.5% |
| Total equity and liabilities | 10/49 | €169,528 | €179,108 | +€9,580 | +5.7% |
| Equity | 10/15 | €18,600 | €35,341 | +€16,741 | +90.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €16,741 | +€16,741 | |
| Distributable reserves | 133 | - | €16,741 | +€16,741 | |
| Amounts payable | 17/49 | €150,928 | €143,767 | -€7,160 | -4.7% |
| Amounts payable after more than one year | 17 | €106,827 | €89,385 | -€17,442 | -16.3% |
| Financial debts | 170/4 | €106,827 | €89,385 | -€17,442 | -16.3% |
| Amounts payable within one year | 42/48 | €44,101 | €54,383 | +€10,282 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €21,552 | €17,442 | -€4,110 | -19.1% |
| Financial debts | 43 | - | €58 | +€58 | |
| Credit institutions | 430/8 | - | €58 | +€58 | |
| Trade debts | 44 | €4,134 | €3,550 | -€584 | -14.1% |
| Suppliers | 440/4 | €4,134 | €3,550 | -€584 | -14.1% |
| Taxes, remuneration and social security | 45 | - | €6,776 | +€6,776 | |
| Taxes | 450/3 | - | €6,776 | +€6,776 | |
| Other amounts payable | 47/48 | €18,415 | €26,557 | +€8,142 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,150 | €23,285 | +€3,135 | +15.6% |
| Other operating charges | 640/8 | €3,431 | €3,751 | +€320 | +9.3% |
| Gross operating margin | 9900 | €68,644 | €70,002 | +€1,358 | +2.0% |
| Operating profit (loss) | 9901 | €45,062 | €42,966 | -€2,096 | -4.7% |
| Financial income | 75/76B | €15 | €757 | +€743 | +4990.5% |
| Recurring financial income | 75 | €15 | €757 | +€743 | +4990.5% |
| Financial charges | 65/66B | €6,299 | €6,323 | +€23 | +0.4% |
| Recurring financial charges | 65 | €6,299 | €6,323 | +€23 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €38,778 | €37,401 | -€1,377 | -3.6% |
| Income taxes | 67/77 | €3,033 | €10,844 | +€7,811 | +257.5% |
| Profit (loss) for the period | 9904 | €35,745 | €26,557 | -€9,188 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,745 | €26,557 | -€9,188 | -25.7% |
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 30 September 2026 via checked.be.