DYNAMIC CENTER: 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.
DYNAMIC CENTER
Largest movements
- Tangible fixed assets +€161,235
up €161,235 (+21.1%), from €762,682 to €923,917
of which Land and buildings: +€158,686
- Stocks and contracts -€39,826
down €39,826 (-14.9%), from €267,759 to €227,933
- Debts after one year +€175,247
up €175,247 (+282.7%), from €61,998 to €237,245
- Other debts -€48,115
down €48,115 (-96.4%), from €49,893 to €1,778
- Profit (loss) carried forward +€34,506
up €34,506 (+26.4%), from €130,829 to €165,335
- Reserves +€30,000
up €30,000 (+82.4%), from €36,424 to €66,424
of which Distributable reserves: +€30,000
- Trade debts -€28,511
down €28,511 (-66.2%), from €43,090 to €14,578
- Staff costs +€21,543
up €21,543 (+62.5%), from €34,489 to €56,031
- Gross operating margin +€10,719
up €10,719 (+4.5%), from €235,886 to €246,605
- Other operating charges +€9,218
up €9,218 (+53.0%), from €17,406 to €26,624
- Taxes -€6,516
down €6,516 (-18.4%), from €35,387 to €28,871
- Depreciation +€3,716
up €3,716 (+8.3%), from €44,948 to €48,664
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 | €1,049,087 | €1,176,723 | +€127,636 | +12.2% |
| Fixed assets | 21/28 | €762,932 | €924,167 | +€161,235 | +21.1% |
| Tangible fixed assets | 22/27 | €762,682 | €923,917 | +€161,235 | +21.1% |
| Land and buildings | 22 | €743,036 | €901,722 | +€158,686 | +21.4% |
| Plant, machinery and equipment | 23 | €12,662 | €18,144 | +€5,482 | +43.3% |
| Furniture and vehicles | 24 | €6,983 | €4,051 | -€2,932 | -42.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €286,155 | €252,556 | -€33,599 | -11.7% |
| Stocks and contracts in progress | 3 | €267,759 | €227,933 | -€39,826 | -14.9% |
| Stocks | 30/36 | €267,759 | €227,933 | -€39,826 | -14.9% |
| Amounts receivable within one year | 40/41 | €11,386 | €13,060 | +€1,674 | +14.7% |
| Trade receivables | 40 | €11,386 | €11,932 | +€546 | +4.8% |
| Other amounts receivable | 41 | - | €1,129 | +€1,129 | |
| Cash at bank and in hand | 54/58 | €1,643 | €5,099 | +€3,456 | +210.3% |
| Deferred charges and accrued income | 490/1 | €5,367 | €6,463 | +€1,096 | +20.4% |
| Total equity and liabilities | 10/49 | €1,049,087 | €1,176,723 | +€127,636 | +12.2% |
| Equity | 10/15 | €677,253 | €741,759 | +€64,506 | +9.5% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Revaluation surpluses | 12 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €36,424 | €66,424 | +€30,000 | +82.4% |
| Non-distributable reserves | 130/1 | €6,424 | €6,424 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,424 | €6,424 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €60,000 | +€30,000 | +100.0% |
| Profit (loss) carried forward | 14 | €130,829 | €165,335 | +€34,506 | +26.4% |
| Amounts payable | 17/49 | €371,833 | €434,964 | +€63,131 | +17.0% |
| Amounts payable after more than one year | 17 | €61,998 | €237,245 | +€175,247 | +282.7% |
| Financial debts | 170/4 | €61,998 | €237,245 | +€175,247 | +282.7% |
| Amounts payable within one year | 42/48 | €309,835 | €197,719 | -€112,116 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €162,234 | €157,724 | -€4,510 | -2.8% |
| Financial debts | 43 | €11,069 | - | -€11,069 | |
| Credit institutions | 430/8 | €11,069 | - | -€11,069 | |
| Trade debts | 44 | €43,090 | €14,578 | -€28,511 | -66.2% |
| Suppliers | 440/4 | €43,090 | €14,578 | -€28,511 | -66.2% |
| Taxes, remuneration and social security | 45 | €43,550 | €23,639 | -€19,911 | -45.7% |
| Taxes | 450/3 | €36,673 | €15,906 | -€20,767 | -56.6% |
| Remuneration and social security | 454/9 | €6,876 | €7,733 | +€856 | +12.5% |
| Other amounts payable | 47/48 | €49,893 | €1,778 | -€48,115 | -96.4% |
| Remuneration, social security and pensions | 62 | €34,489 | €56,031 | +€21,543 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,948 | €48,664 | +€3,716 | +8.3% |
| Other operating charges | 640/8 | €17,406 | €26,624 | +€9,218 | +53.0% |
| Gross operating margin | 9900 | €235,886 | €246,605 | +€10,719 | +4.5% |
| Operating profit (loss) | 9901 | €139,043 | €115,286 | -€23,758 | -17.1% |
| Financial income | 75/76B | €1,241 | €498 | -€742 | -59.8% |
| Recurring financial income | 75 | €1,241 | €498 | -€742 | -59.8% |
| Financial charges | 65/66B | €22,890 | €22,407 | -€483 | -2.1% |
| Recurring financial charges | 65 | €22,890 | €22,407 | -€483 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €117,394 | €93,377 | -€24,017 | -20.5% |
| Income taxes | 67/77 | €35,387 | €28,871 | -€6,516 | -18.4% |
| Profit (loss) for the period | 9904 | €82,006 | €64,506 | -€17,501 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,006 | €64,506 | -€17,501 | -21.3% |
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 9 October 2026 via checked.be.