DYNACOS: 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.
DYNACOS
Largest movements
- Receivables within one year -€29,694
down €29,694 (-77.2%), from €38,479 to €8,784
of which Trade receivables: -€32,603
- Cash +€17,680
up €17,680 (+7.3%), from €240,655 to €258,334
mainly Receivables within one year (+€29,694) and Net result for the year (+€15,663)
- Deferred charges and accrued income -€7,306
down €7,306 (-80.3%), from €9,101 to €1,794
- Current investments +€6,194
up €6,194 (+13.0%), from €47,512 to €53,707
- Reserves +€15,663
up €15,663 (+3.6%), from €434,376 to €450,039
- Tax, wage and social debts -€14,199
down €14,199 (-83.1%), from €17,097 to €2,897
- Debts after one year -€8,570
no longer reported in 2025 (was €8,570)
- Gross operating margin -€95,774
down €95,774 (-72.7%), from €131,803 to €36,029
- Taxes -€30,838
down €30,838 (-78.8%), from €39,115 to €8,277
- Depreciation -€1,539
down €1,539 (-16.5%), from €9,307 to €7,769
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 | €508,912 | €491,663 | -€17,249 | -3.4% |
| Fixed assets | 21/28 | €173,167 | €169,044 | -€4,123 | -2.4% |
| Tangible fixed assets | 22/27 | €173,167 | €169,044 | -€4,123 | -2.4% |
| Land and buildings | 22 | €171,370 | €164,805 | -€6,564 | -3.8% |
| Plant, machinery and equipment | 23 | - | €3,463 | +€3,463 | |
| Furniture and vehicles | 24 | €1,797 | €775 | -€1,022 | -56.9% |
| Current assets | 29/58 | €335,746 | €322,620 | -€13,126 | -3.9% |
| Amounts receivable within one year | 40/41 | €38,479 | €8,784 | -€29,694 | -77.2% |
| Trade receivables | 40 | €38,479 | €5,876 | -€32,603 | -84.7% |
| Other amounts receivable | 41 | - | €2,909 | +€2,909 | |
| Current investments | 50/53 | €47,512 | €53,707 | +€6,194 | +13.0% |
| Cash at bank and in hand | 54/58 | €240,655 | €258,334 | +€17,680 | +7.3% |
| Deferred charges and accrued income | 490/1 | €9,101 | €1,794 | -€7,306 | -80.3% |
| Total equity and liabilities | 10/49 | €508,912 | €491,663 | -€17,249 | -3.4% |
| Equity | 10/15 | €440,574 | €456,237 | +€15,663 | +3.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €434,376 | €450,039 | +€15,663 | +3.6% |
| Distributable reserves | 133 | €434,376 | €450,039 | +€15,663 | +3.6% |
| Amounts payable | 17/49 | €68,339 | €35,426 | -€32,912 | -48.2% |
| Amounts payable after more than one year | 17 | €8,570 | - | -€8,570 | |
| Financial debts | 170/4 | €8,570 | - | -€8,570 | |
| Amounts payable within one year | 42/48 | €59,768 | €35,426 | -€24,342 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €12,414 | €8,570 | -€3,844 | -31.0% |
| Trade debts | 44 | €2,164 | €614 | -€1,551 | -71.6% |
| Suppliers | 440/4 | €2,164 | €614 | -€1,551 | -71.6% |
| Taxes, remuneration and social security | 45 | €17,097 | €2,897 | -€14,199 | -83.1% |
| Taxes | 450/3 | €17,097 | €2,897 | -€14,199 | -83.1% |
| Other amounts payable | 47/48 | €28,093 | €23,345 | -€4,748 | -16.9% |
| Remuneration, social security and pensions | 62 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,307 | €7,769 | -€1,539 | -16.5% |
| Other operating charges | 640/8 | €1,429 | €1,404 | -€25 | -1.7% |
| Non-recurring operating charges | 66A | - | €1,480 | +€1,480 | |
| Gross operating margin | 9900 | €131,803 | €36,029 | -€95,774 | -72.7% |
| Operating profit (loss) | 9901 | €120,867 | €25,376 | -€95,491 | -79.0% |
| Financial income | 75/76B | €1,389 | €815 | -€573 | -41.3% |
| Recurring financial income | 75 | €1,389 | €815 | -€573 | -41.3% |
| Financial charges | 65/66B | €2,764 | €2,251 | -€513 | -18.6% |
| Recurring financial charges | 65 | €2,764 | €2,251 | -€513 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €119,491 | €23,941 | -€95,551 | -80.0% |
| Income taxes | 67/77 | €39,115 | €8,277 | -€30,838 | -78.8% |
| Profit (loss) for the period | 9904 | €80,376 | €15,663 | -€64,713 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,376 | €15,663 | -€64,713 | -80.5% |
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 3 October 2026 via checked.be.