DINA: 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.
DINA
Largest movements
- Current investments +€337,250
up €337,250 (+450%), from €75,000 to €412,250
- Receivables after one year -€182,800
no longer reported in 2025 (was €182,800)
- Receivables within one year +€178,287
up €178,287 (+78.1%), from €228,219 to €406,506
of which Other amounts receivable: +€370,439
- Cash -€38,213
down €38,213 (-7.9%), from €484,184 to €445,971
mainly Contributions, distributions and other (-€360,961) and Current investments (-€337,250)
- Reserves +€255,820
up €255,820 (+24.3%), from €1.1m to €1.3m
of which Distributable reserves: +€129,520
- Other debts +€68,957
new in 2025: €68,957
- Financial income +€391,470
up €391,470 (+503%), from €77,825 to €469,295
- Gross operating margin -€182,219
down €182,219 (-37.3%), from €488,634 to €306,415
- Taxes -€34,464
down €34,464 (-22.5%), from €152,868 to €118,404
- Depreciation +€8,068
up €8,068 (+28.7%), from €28,078 to €36,146
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 | €1,350,522 | €1,637,558 | +€287,036 | +21.3% |
| Fixed assets | 21/28 | €378,070 | €370,436 | -€7,634 | -2.0% |
| Tangible fixed assets | 22/27 | €151,076 | €143,442 | -€7,634 | -5.1% |
| Land and buildings | 22 | €33,090 | €25,168 | -€7,923 | -23.9% |
| Plant, machinery and equipment | 23 | €64,421 | €52,365 | -€12,056 | -18.7% |
| Furniture and vehicles | 24 | €53,564 | €65,909 | +€12,345 | +23.0% |
| Financial fixed assets | 28 | €226,994 | €226,994 | = | 0.0% |
| Current assets | 29/58 | €972,452 | €1,267,122 | +€294,670 | +30.3% |
| Amounts receivable after more than one year | 29 | €182,800 | - | -€182,800 | |
| Other amounts receivable | 291 | €182,800 | - | -€182,800 | |
| Amounts receivable within one year | 40/41 | €228,219 | €406,506 | +€178,287 | +78.1% |
| Trade receivables | 40 | €222,402 | €30,250 | -€192,152 | -86.4% |
| Other amounts receivable | 41 | €5,817 | €376,256 | +€370,439 | +6,368% |
| Current investments | 50/53 | €75,000 | €412,250 | +€337,250 | +450% |
| Cash at bank and in hand | 54/58 | €484,184 | €445,971 | -€38,213 | -7.9% |
| Deferred charges and accrued income | 490/1 | €2,250 | €2,395 | +€145 | +6.4% |
| Total equity and liabilities | 10/49 | €1,350,522 | €1,637,558 | +€287,036 | +21.3% |
| Equity | 10/15 | €1,071,834 | €1,327,653 | +€255,820 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,053,121 | €1,308,941 | +€255,820 | +24.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €551 | €126,851 | +€126,300 | +22,928% |
| Distributable reserves | 133 | €1,050,710 | €1,180,230 | +€129,520 | +12.3% |
| Profit (loss) carried forward | 14 | €113 | €113 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,684 | €7,684 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,684 | €7,684 | = | 0.0% |
| Pensions and similar obligations | 160 | €7,684 | €7,684 | = | 0.0% |
| Amounts payable | 17/49 | €271,005 | €302,221 | +€31,216 | +11.5% |
| Amounts payable after more than one year | 17 | €9,722 | €1,389 | -€8,333 | -85.7% |
| Financial debts | 170/4 | €9,722 | €1,389 | -€8,333 | -85.7% |
| Amounts payable within one year | 42/48 | €260,792 | €300,341 | +€39,549 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €8,333 | = | 0.0% |
| Financial debts | 43 | €10,675 | - | -€10,675 | |
| Credit institutions | 430/8 | €3,914 | - | -€3,914 | |
| Other loans | 439 | €6,761 | - | -€6,761 | |
| Trade debts | 44 | €16,698 | €1,112 | -€15,586 | -93.3% |
| Suppliers | 440/4 | €16,698 | €1,112 | -€15,586 | -93.3% |
| Taxes, remuneration and social security | 45 | €225,086 | €221,939 | -€3,147 | -1.4% |
| Taxes | 450/3 | €225,086 | €221,939 | -€3,147 | -1.4% |
| Other amounts payable | 47/48 | - | €68,957 | +€68,957 | |
| Accrued charges and deferred income | 492/3 | €490 | €490 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,078 | €36,146 | +€8,068 | +28.7% |
| Other operating charges | 640/8 | €2,162 | €3,140 | +€979 | +45.3% |
| Gross operating margin | 9900 | €488,634 | €306,415 | -€182,219 | -37.3% |
| Operating profit (loss) | 9901 | €458,394 | €267,129 | -€191,265 | -41.7% |
| Financial income | 75/76B | €77,825 | €469,295 | +€391,470 | +503% |
| Recurring financial income | 75 | €77,825 | €469,295 | +€391,470 | +503% |
| Financial charges | 65/66B | €2,148 | €1,239 | -€908 | -42.3% |
| Recurring financial charges | 65 | €2,148 | €1,239 | -€908 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €534,072 | €735,185 | +€201,113 | +37.7% |
| Income taxes | 67/77 | €152,868 | €118,404 | -€34,464 | -22.5% |
| Profit (loss) for the period | 9904 | €381,203 | €616,780 | +€235,577 | +61.8% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €381,203 | €490,480 | +€109,277 | +28.7% |
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.