DYNAMA: 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.
DYNAMA
Largest movements
- Receivables after one year +€200,000
new in 2025: €200,000
- Cash -€121,587
down €121,587 (-38.1%), from €318,709 to €197,122
mainly Receivables after one year (-€200,000) and Current portion of long-term debt (-€16,157)
- Tangible fixed assets -€36,080
down €36,080 (-14.2%), from €254,589 to €218,510
of which Furniture and vehicles: -€29,724
- Reserves +€90,800
up €90,800 (+7.8%), from €1.2m to €1.3m
of which Distributable reserves: +€90,800
- Current portion of long-term debt -€16,157
down €16,157 (-63.9%), from €25,275 to €9,119
- Debts after one year -€15,953
down €15,953 (-12.5%), from €128,092 to €112,140
- Depreciation -€25,436
down €25,436 (-77.4%), from €32,865 to €7,429
- Financial charges -€15,641
down €15,641 (-1,335%), from -€1,172 to -€16,812
- Financial income +€13,498
up €13,498 (+25.4%), from €53,227 to €66,725
- Taxes +€11,204
up €11,204 (+40.9%), from €27,427 to €38,631
- Gross operating margin -€10,196
down €10,196 (-14.0%), from €72,894 to €62,698
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 | €1,531,134 | €1,585,414 | +€54,280 | +3.5% |
| Fixed assets | 21/28 | €254,889 | €218,540 | -€36,350 | -14.3% |
| Tangible fixed assets | 22/27 | €254,589 | €218,510 | -€36,080 | -14.2% |
| Land and buildings | 22 | €224,865 | €218,510 | -€6,356 | -2.8% |
| Furniture and vehicles | 24 | €29,724 | €0 | -€29,724 | -100% |
| Financial fixed assets | 28 | €300 | €30 | -€270 | -90.0% |
| Current assets | 29/58 | €1,276,245 | €1,366,875 | +€90,630 | +7.1% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €71,258 | €67,806 | -€3,452 | -4.8% |
| Trade receivables | 40 | €48,079 | €53,230 | +€5,151 | +10.7% |
| Other amounts receivable | 41 | €23,179 | €14,577 | -€8,602 | -37.1% |
| Current investments | 50/53 | €883,877 | €899,027 | +€15,150 | +1.7% |
| Cash at bank and in hand | 54/58 | €318,709 | €197,122 | -€121,587 | -38.1% |
| Deferred charges and accrued income | 490/1 | €2,400 | €2,919 | +€519 | +21.6% |
| Total equity and liabilities | 10/49 | €1,531,134 | €1,585,414 | +€54,280 | +3.5% |
| Equity | 10/15 | €1,292,922 | €1,388,734 | +€95,813 | +7.4% |
| Contributions | 10/11 | €17,352 | €17,352 | = | 0.0% |
| Reserves | 13 | €1,164,652 | €1,255,452 | +€90,800 | +7.8% |
| Tax-exempt reserves | 132 | €167,472 | €167,472 | = | 0.0% |
| Distributable reserves | 133 | €997,180 | €1,087,980 | +€90,800 | +9.1% |
| Profit (loss) carried forward | 14 | €110,917 | €115,930 | +€5,013 | +4.5% |
| Amounts payable | 17/49 | €238,213 | €196,680 | -€41,533 | -17.4% |
| Amounts payable after more than one year | 17 | €128,092 | €112,140 | -€15,953 | -12.5% |
| Financial debts | 170/4 | €128,092 | €112,140 | -€15,953 | -12.5% |
| Amounts payable within one year | 42/48 | €109,056 | €83,809 | -€25,247 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €25,275 | €9,119 | -€16,157 | -63.9% |
| Trade debts | 44 | €60,170 | €54,609 | -€5,561 | -9.2% |
| Suppliers | 440/4 | €60,170 | €54,609 | -€5,561 | -9.2% |
| Taxes, remuneration and social security | 45 | €23,610 | €20,081 | -€3,530 | -14.9% |
| Taxes | 450/3 | €23,610 | €20,081 | -€3,530 | -14.9% |
| Accrued charges and deferred income | 492/3 | €1,064 | €732 | -€333 | -31.3% |
| Non-recurring operating income | 76A | €5,000 | €36,457 | +€31,457 | +629% |
| Remuneration, social security and pensions | 62 | €3,558 | €614 | -€2,944 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,865 | €7,429 | -€25,436 | -77.4% |
| Other operating charges | 640/8 | €3,785 | €3,641 | -€144 | -3.8% |
| Non-recurring operating charges | 66A | - | €108 | +€108 | |
| Gross operating margin | 9900 | €72,894 | €62,698 | -€10,196 | -14.0% |
| Operating profit (loss) | 9901 | €32,686 | €50,907 | +€18,221 | +55.7% |
| Financial income | 75/76B | €53,227 | €66,725 | +€13,498 | +25.4% |
| Recurring financial income | 75 | €53,227 | €66,725 | +€13,498 | +25.4% |
| Financial charges | 65/66B | -€1,172 | -€16,812 | -€15,641 | -1,335% |
| Recurring financial charges | 65 | -€1,172 | -€16,812 | -€15,641 | -1,335% |
| Profit (loss) for the period before taxes | 9903 | €87,084 | €134,444 | +€47,360 | +54.4% |
| Income taxes | 67/77 | €27,427 | €38,631 | +€11,204 | +40.9% |
| Profit (loss) for the period | 9904 | €59,657 | €95,813 | +€36,156 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,657 | €95,813 | +€36,156 | +60.6% |
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 25 October 2026 via checked.be.