DENTCAP: 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.
What changed
DENTCAP
NACE 64.921, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€9.3m
2024 · -€8.4m-€950,749
Equity
€14.4m
2024 · €8.4m+€6.0m
Cash
€10,371
2024 · -+€10,371
Balance sheet total
€44.7m
2024 · €36.9m+€7.8m
Largest movements
Assets
- Financial fixed assets +€5.3m
up €5.3m (+17.8%), from €29.9m to €35.2m
- Receivables within one year +€2.6m
up €2.6m (+49.6%), from €5.1m to €7.7m
of which Trade receivables: +€2.5m
Equity and liabilities
- Contributions +€15.3m
up €15.3m (+81.0%), from €18.9m to €34.2m
of which Contributions outside capital: +€13.7m
- Profit (loss) carried forward -€9.3m
down €9.3m (-89.2%), from -€10.5m to -€19.8m
- Debts after one year +€1.6m
up €1.6m (+5.7%), from €27.4m to €28.9m
Income statement
- Financial charges +€1.4m
up €1.4m (+14.5%), from €9.5m to €10.9m
of which Non-recurring financial charges: +€1.5m
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.
Result 2024
-€8.4m
Other operating charges
-€964
Other operating items
+€320,304
Financial income
+€107,066
Financial charges
-€1.4m
Result 2025
-€9.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€11.4m
Investment
-€5.4m
Financing
+€16.9m
Cash 2024
€0
From operations (derived)
-€11.4m
Net result for the year
-€9.3m
Depreciation
+€28,540
Receivables after one year
+€24,618
Receivables within one year
-€2.6m
Deferred charges and accrued income
+€162,510
Trade debts
+€274,039
Tax, wage and social debts
-€78,162
Accrued charges and deferred income
+€75,380
Investment (derived)
-€5.4m
Investment in fixed assets (net)
-€5.4m
Financing
+€16.9m
Debts after one year
+€1.6m
Contributions, distributions and other
+€15.3m
Cash 2025
€10,371
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,946,848 | €44,737,238 | +€7.8m | +21.1% |
| Fixed assets | 21/28 | €29,961,840 | €35,377,004 | +€5.4m | +18.1% |
| Intangible fixed assets | 21 | €57,079 | €28,540 | -€28,540 | -50.0% |
| Tangible fixed assets | 22/27 | - | €117,128 | +€117,128 | |
| Assets under construction and advance payments | 27 | - | €117,128 | +€117,128 | |
| Financial fixed assets | 28 | €29,904,761 | €35,231,337 | +€5.3m | +17.8% |
| Affiliated companies | 280/1 | €29,904,761 | €35,231,337 | +€5.3m | +17.8% |
| Participating interests | 280 | €18,060,289 | €22,712,405 | +€4.7m | +25.8% |
| Amounts receivable | 281 | €11,844,472 | €12,518,932 | +€674,459 | +5.7% |
| Current assets | 29/58 | €6,985,007 | €9,360,234 | +€2.4m | +34.0% |
| Amounts receivable after more than one year | 29 | €67,612 | €42,994 | -€24,618 | -36.4% |
| Other amounts receivable | 291 | €67,612 | €42,994 | -€24,618 | -36.4% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,146,919 | €7,698,902 | +€2.6m | +49.6% |
| Trade receivables | 40 | €5,146,919 | €7,657,410 | +€2.5m | +48.8% |
| Other amounts receivable | 41 | - | €41,492 | +€41,492 | |
| Cash at bank and in hand | 54/58 | - | €10,371 | +€10,371 | |
| Deferred charges and accrued income | 490/1 | €1,770,477 | €1,607,967 | -€162,510 | -9.2% |
| Total equity and liabilities | 10/49 | €36,946,848 | €44,737,238 | +€7.8m | +21.1% |
| Equity | 10/15 | €8,422,347 | €14,384,167 | +€6.0m | +70.8% |
| Contributions | 10/11 | €18,895,426 | €34,196,149 | +€15.3m | +81.0% |
| Capital | 10 | €9,734,857 | €11,294,586 | +€1.6m | +16.0% |
| Issued capital | 100 | €9,734,857 | €11,294,586 | +€1.6m | +16.0% |
| Contributions outside capital | 11 | €9,160,569 | €22,901,563 | +€13.7m | +150% |
| Share premium | 1100/10 | €9,160,569 | €22,901,563 | +€13.7m | +150% |
| Profit (loss) carried forward | 14 | -€10,473,079 | -€19,811,982 | -€9.3m | -89.2% |
| Amounts payable | 17/49 | €28,524,500 | €30,353,072 | +€1.8m | +6.4% |
| Amounts payable after more than one year | 17 | €27,389,841 | €28,947,155 | +€1.6m | +5.7% |
| Financial debts | 170/4 | €27,389,841 | €28,947,155 | +€1.6m | +5.7% |
| Other loans | 174 | €27,389,841 | €28,947,155 | +€1.6m | +5.7% |
| Amounts payable within one year | 42/48 | €724,494 | €920,371 | +€195,877 | +27.0% |
| Trade debts | 44 | €591,717 | €865,756 | +€274,039 | +46.3% |
| Suppliers | 440/4 | €591,717 | €865,756 | +€274,039 | +46.3% |
| Taxes, remuneration and social security | 45 | €132,777 | €54,615 | -€78,162 | -58.9% |
| Taxes | 450/3 | €132,777 | €54,615 | -€78,162 | -58.9% |
| Accrued charges and deferred income | 492/3 | €410,165 | €485,546 | +€75,380 | +18.4% |
| Operating income | 70/76A | €2,368,296 | €2,260,034 | -€108,263 | -4.6% |
| Other operating income | 74 | €2,367,400 | €2,260,034 | -€107,366 | -4.5% |
| Non-recurring operating income | 76A | €897 | €0 | -€897 | -100% |
| Operating charges | 60/66A | €2,711,080 | €2,283,477 | -€427,603 | -15.8% |
| Services and other goods | 61 | €2,079,979 | €2,139,035 | +€59,056 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,540 | €28,540 | = | 0.0% |
| Other operating charges | 640/8 | €1,120 | €2,083 | +€964 | +86.1% |
| Non-recurring operating charges | 66A | €601,441 | €113,819 | -€487,623 | -81.1% |
| Operating profit (loss) | 9901 | -€342,783 | -€23,443 | +€319,340 | +93.2% |
| Financial income | 75/76B | €1,443,971 | €1,551,037 | +€107,066 | +7.4% |
| Recurring financial income | 75 | €1,443,971 | €1,551,037 | +€107,066 | +7.4% |
| Income from financial fixed assets | 750 | €1,443,793 | €1,551,037 | +€107,244 | +7.4% |
| Income from current assets | 751 | €178 | €0 | -€178 | -100% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,489,343 | €10,866,498 | +€1.4m | +14.5% |
| Recurring financial charges | 65 | €1,843,259 | €1,768,455 | -€74,804 | -4.1% |
| Debt charges | 650 | €1,720,269 | €1,659,365 | -€60,905 | -3.5% |
| Other financial charges | 652/9 | €122,989 | €109,090 | -€13,899 | -11.3% |
| Non-recurring financial charges | 66B | €7,646,084 | €9,098,043 | +€1.5m | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,388,155 | -€9,338,904 | -€950,749 | -11.3% |
| Profit (loss) for the period | 9904 | -€8,388,155 | -€9,338,904 | -€950,749 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,388,155 | -€9,338,904 | -€950,749 | -11.3% |
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 26 October 2026 via checked.be.