DYNALI: 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.
DYNALI
Largest movements
- Cash -€233,750
down €233,750 (-83.1%), from €281,361 to €47,611
mainly Accrued charges and deferred income (-€1.2m) and Investment in fixed assets (net) (-€894,248)
- Tangible fixed assets -€175,481
down €175,481 (-24.6%), from €713,352 to €537,871
of which Plant, machinery and equipment: -€116,128
- Receivables within one year -€74,566
down €74,566 (-11.2%), from €665,152 to €590,586
of which Trade receivables: -€256,526
- Accrued charges and deferred income -€1.2m
no longer reported in 2025 (was €1.2m)
- Debts after one year +€978,983
up €978,983 (+1059.1%), from €92,434 to €1.1m
of which Financial debts: +€986,397
- Profit (loss) carried forward -€783,406
down €783,406 (-18.1%), from -€4.3m to -€5.1m
- Tax, wage and social debts +€301,594
up €301,594 (+54.5%), from €553,297 to €854,891
of which Remuneration and social security: +€285,608
- Trade debts +€121,956
up €121,956 (+56.8%), from €214,570 to €336,526
- Gross operating margin +€740,072
up €740,072 (+43.4%), from €1.7m to €2.4m
- Depreciation +€243,156
up €243,156 (+28.6%), from €850,259 to €1.1m
- Financial charges -€123,793
down €123,793 (-45.8%), from €270,320 to €146,526
- Staff costs +€59,157
up €59,157 (+3.6%), from €1.7m to €1.7m
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 | €6,460,068 | €5,907,731 | -€552,337 | -8.6% |
| Fixed assets | 21/28 | €4,071,084 | €3,871,918 | -€199,166 | -4.9% |
| Intangible fixed assets | 21 | €3,354,002 | €3,330,316 | -€23,686 | -0.7% |
| Tangible fixed assets | 22/27 | €713,352 | €537,871 | -€175,481 | -24.6% |
| Plant, machinery and equipment | 23 | €373,145 | €257,017 | -€116,128 | -31.1% |
| Furniture and vehicles | 24 | €6,875 | €1,510 | -€5,365 | -78.0% |
| Other tangible fixed assets | 26 | €333,333 | €279,345 | -€53,988 | -16.2% |
| Financial fixed assets | 28 | €3,730 | €3,730 | = | 0.0% |
| Current assets | 29/58 | €2,388,984 | €2,035,813 | -€353,171 | -14.8% |
| Stocks and contracts in progress | 3 | €1,409,453 | €1,351,757 | -€57,696 | -4.1% |
| Stocks | 30/36 | €1,409,453 | €1,351,757 | -€57,696 | -4.1% |
| Amounts receivable within one year | 40/41 | €665,152 | €590,586 | -€74,566 | -11.2% |
| Trade receivables | 40 | €580,415 | €323,888 | -€256,526 | -44.2% |
| Other amounts receivable | 41 | €84,737 | €266,698 | +€181,961 | +214.7% |
| Cash at bank and in hand | 54/58 | €281,361 | €47,611 | -€233,750 | -83.1% |
| Deferred charges and accrued income | 490/1 | €33,019 | €45,859 | +€12,840 | +38.9% |
| Total equity and liabilities | 10/49 | €6,460,068 | €5,907,731 | -€552,337 | -8.6% |
| Equity | 10/15 | €4,346,473 | €3,563,066 | -€783,406 | -18.0% |
| Contributions | 10/11 | €8,666,921 | €8,666,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,320,448 | -€5,103,854 | -€783,406 | -18.1% |
| Amounts payable | 17/49 | €2,113,595 | €2,344,665 | +€231,069 | +10.9% |
| Amounts payable after more than one year | 17 | €92,434 | €1,071,418 | +€978,983 | +1059.1% |
| Financial debts | 170/4 | €85,021 | €1,071,418 | +€986,397 | +1160.2% |
| Other amounts payable | 178/9 | €7,413 | - | -€7,413 | |
| Amounts payable within one year | 42/48 | €834,010 | €1,273,247 | +€439,237 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €66,143 | €81,829 | +€15,687 | +23.7% |
| Trade debts | 44 | €214,570 | €336,526 | +€121,956 | +56.8% |
| Suppliers | 440/4 | €214,570 | €336,526 | +€121,956 | +56.8% |
| Taxes, remuneration and social security | 45 | €553,297 | €854,891 | +€301,594 | +54.5% |
| Taxes | 450/3 | €71,854 | €87,841 | +€15,986 | +22.2% |
| Remuneration and social security | 454/9 | €481,443 | €767,051 | +€285,608 | +59.3% |
| Accrued charges and deferred income | 492/3 | €1,187,151 | - | -€1.2m | |
| Non-recurring operating income | 76A | €79,386 | - | -€79,386 | |
| Remuneration, social security and pensions | 62 | €1,659,780 | €1,718,937 | +€59,157 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €850,259 | €1,093,415 | +€243,156 | +28.6% |
| Other operating charges | 640/8 | €51,564 | €45,807 | -€5,758 | -11.2% |
| Non-recurring operating charges | 66A | - | €225,000 | +€225,000 | |
| Gross operating margin | 9900 | €1,706,409 | €2,446,480 | +€740,072 | +43.4% |
| Operating profit (loss) | 9901 | -€855,195 | -€636,678 | +€218,516 | +25.6% |
| Financial income | 75/76B | €11,004 | - | -€11,004 | |
| Recurring financial income | 75 | €11,004 | - | -€11,004 | |
| Financial charges | 65/66B | €270,320 | €146,526 | -€123,793 | -45.8% |
| Recurring financial charges | 65 | €270,320 | €146,526 | -€123,793 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,114,510 | -€783,205 | +€331,306 | +29.7% |
| Income taxes | 67/77 | €230 | €202 | -€29 | -12.5% |
| Profit (loss) for the period | 9904 | -€1,114,741 | -€783,406 | +€331,335 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,114,741 | -€783,406 | +€331,335 | +29.7% |
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 29 September 2026 via checked.be.