DYNAC: 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.
DYNAC
Largest movements
- Current investments +€536,974
up €536,974 (+20.1%), from €2.7m to €3.2m
- Receivables within one year -€265,539
down €265,539 (-61.5%), from €431,669 to €166,130
of which Other amounts receivable: -€267,489
- Tangible fixed assets -€115,129
down €115,129 (-3.8%), from €3.0m to €2.9m
of which Land and buildings: -€93,471
- Profit (loss) carried forward +€509,289
up €509,289 (+68.9%), from -€738,671 to -€229,382
- Contributions -€250,000
down €250,000 (-4.5%), from €5.6m to €5.3m
- Other debts +€134,058
new in 2025: €134,058
- Trade debts -€112,750
down €112,750 (-91.7%), from €122,937 to €10,187
- Debts after one year -€72,000
down €72,000 (-17.4%), from €414,000 to €342,000
- Financial charges -€6.5m
down €6.5m (-99.5%), from €6.5m to €30,558
of which Non-recurring financial charges: -€6.5m
- Financial income -€5.1m
down €5.1m (-98.3%), from €5.1m to €89,924
of which Non-recurring financial income: -€4.6m
- Gross operating margin -€223,397
down €223,397 (-21.1%), from €1.1m to €836,666
- Depreciation -€81,024
down €81,024 (-33.0%), from €245,508 to €164,484
- Taxes -€29,831
down €29,831 (-12.6%), from €236,206 to €206,375
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 | €6,401,589 | €6,604,847 | +€203,258 | +3.2% |
| Fixed assets | 21/28 | €3,036,812 | €2,921,683 | -€115,129 | -3.8% |
| Tangible fixed assets | 22/27 | €3,018,212 | €2,903,083 | -€115,129 | -3.8% |
| Land and buildings | 22 | €2,465,514 | €2,372,044 | -€93,471 | -3.8% |
| Plant, machinery and equipment | 23 | €3,568 | €2,259 | -€1,309 | -36.7% |
| Furniture and vehicles | 24 | €549,130 | €528,780 | -€20,350 | -3.7% |
| Financial fixed assets | 28 | €18,600 | €18,600 | = | 0.0% |
| Current assets | 29/58 | €3,364,777 | €3,683,164 | +€318,387 | +9.5% |
| Stocks and contracts in progress | 3 | €49,565 | €49,565 | = | 0.0% |
| Stocks | 30/36 | €49,565 | €49,565 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €431,669 | €166,130 | -€265,539 | -61.5% |
| Trade receivables | 40 | €38,254 | €40,204 | +€1,950 | +5.1% |
| Other amounts receivable | 41 | €393,415 | €125,926 | -€267,489 | -68.0% |
| Current investments | 50/53 | €2,669,221 | €3,206,195 | +€536,974 | +20.1% |
| Cash at bank and in hand | 54/58 | €206,612 | €253,329 | +€46,716 | +22.6% |
| Deferred charges and accrued income | 490/1 | €7,709 | €7,945 | +€236 | +3.1% |
| Total equity and liabilities | 10/49 | €6,401,589 | €6,604,847 | +€203,258 | +3.2% |
| Equity | 10/15 | €5,750,818 | €6,010,107 | +€259,289 | +4.5% |
| Contributions | 10/11 | €5,580,000 | €5,330,000 | -€250,000 | -4.5% |
| Outside capital | 11 | €5,580,000 | €5,330,000 | -€250,000 | -4.5% |
| Other | 1109/19 | €5,580,000 | €5,330,000 | -€250,000 | -4.5% |
| Reserves | 13 | €909,489 | €909,489 | = | 0.0% |
| Distributable reserves | 133 | €909,489 | €909,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€738,671 | -€229,382 | +€509,289 | +68.9% |
| Amounts payable | 17/49 | €650,771 | €594,740 | -€56,031 | -8.6% |
| Amounts payable after more than one year | 17 | €414,000 | €342,000 | -€72,000 | -17.4% |
| Financial debts | 170/4 | €414,000 | €342,000 | -€72,000 | -17.4% |
| Amounts payable within one year | 42/48 | €226,287 | €246,877 | +€20,590 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €72,000 | €72,000 | = | 0.0% |
| Trade debts | 44 | €122,937 | €10,187 | -€112,750 | -91.7% |
| Suppliers | 440/4 | €122,937 | €10,187 | -€112,750 | -91.7% |
| Taxes, remuneration and social security | 45 | €31,350 | €30,633 | -€718 | -2.3% |
| Taxes | 450/3 | €31,350 | €30,633 | -€718 | -2.3% |
| Other amounts payable | 47/48 | - | €134,058 | +€134,058 | |
| Accrued charges and deferred income | 492/3 | €10,484 | €5,863 | -€4,622 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,508 | €164,484 | -€81,024 | -33.0% |
| Other operating charges | 640/8 | €14,734 | €15,884 | +€1,150 | +7.8% |
| Gross operating margin | 9900 | €1,060,064 | €836,666 | -€223,397 | -21.1% |
| Operating profit (loss) | 9901 | €799,822 | €656,298 | -€143,524 | -17.9% |
| Financial income | 75/76B | €5,141,298 | €89,924 | -€5.1m | -98.3% |
| Recurring financial income | 75 | €579,783 | €89,924 | -€489,859 | -84.5% |
| Non-recurring financial income | 76B | €4,561,515 | - | -€4.6m | |
| Financial charges | 65/66B | €6,496,131 | €30,558 | -€6.5m | -99.5% |
| Recurring financial charges | 65 | €18,631 | €30,558 | +€11,928 | +64.0% |
| Non-recurring financial charges | 66B | €6,477,500 | - | -€6.5m | |
| Profit (loss) for the period before taxes | 9903 | -€555,010 | €715,664 | +€1.3m | |
| Income taxes | 67/77 | €236,206 | €206,375 | -€29,831 | -12.6% |
| Profit (loss) for the period | 9904 | -€791,217 | €509,289 | +€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€791,217 | €509,289 | +€1.3m |
Source: filed annual accounts (NBB), fiscal years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.