DYNAMIC FINANCE: 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 FINANCE
Largest movements
- Intangible fixed assets -€37,500
no longer reported in 2025 (was €37,500)
- Tangible fixed assets -€13,848
down €13,848 (-19.7%), from €70,260 to €56,413
of which Furniture and vehicles: -€13,164
- Cash +€8,616
up €8,616 (+993%), from €868 to €9,484
mainly Depreciation (+€54,499) and Receivables within one year (+€1,365)
- Receivables within one year -€1,365
down €1,365 (-9.0%), from €15,109 to €13,745
of which Other amounts receivable: -€4,787
- Profit (loss) carried forward -€30,393
down €30,393, from €10,950 to -€19,443
- Debts after one year -€9,849
down €9,849 (-29.0%), from €33,916 to €24,066
- Current portion of long-term debt -€2,197
down €2,197 (-18.2%), from €12,047 to €9,849
- Other debts -€1,268
down €1,268 (-2.8%), from €44,980 to €43,712
- Gross operating margin -€27,645
down €27,645 (-47.9%), from €57,693 to €30,048
- Financial charges -€3,257
down €3,257 (-56.3%), from €5,787 to €2,530
- Depreciation +€2,287
up €2,287 (+4.4%), from €52,212 to €54,499
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 | €123,827 | €79,867 | -€43,961 | -35.5% |
| Fixed assets | 21/28 | €107,850 | €56,503 | -€51,348 | -47.6% |
| Intangible fixed assets | 21 | €37,500 | - | -€37,500 | |
| Tangible fixed assets | 22/27 | €70,260 | €56,413 | -€13,848 | -19.7% |
| Land and buildings | 22 | €5,551 | €5,016 | -€535 | -9.6% |
| Plant, machinery and equipment | 23 | €11,817 | €11,668 | -€149 | -1.3% |
| Furniture and vehicles | 24 | €52,892 | €39,729 | -€13,164 | -24.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €15,977 | €23,364 | +€7,387 | +46.2% |
| Amounts receivable within one year | 40/41 | €15,109 | €13,745 | -€1,365 | -9.0% |
| Trade receivables | 40 | €10,323 | €13,745 | +€3,422 | +33.2% |
| Other amounts receivable | 41 | €4,787 | - | -€4,787 | |
| Cash at bank and in hand | 54/58 | €868 | €9,484 | +€8,616 | +993% |
| Deferred charges and accrued income | 490/1 | - | €135 | +€135 | |
| Total equity and liabilities | 10/49 | €123,827 | €79,867 | -€43,961 | -35.5% |
| Equity | 10/15 | €31,284 | €892 | -€30,393 | -97.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,135 | €14,135 | = | 0.0% |
| Distributable reserves | 133 | €14,135 | €14,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,950 | -€19,443 | -€30,393 | |
| Amounts payable | 17/49 | €92,543 | €78,975 | -€13,568 | -14.7% |
| Amounts payable after more than one year | 17 | €33,916 | €24,066 | -€9,849 | -29.0% |
| Financial debts | 170/4 | €33,916 | €24,066 | -€9,849 | -29.0% |
| Amounts payable within one year | 42/48 | €58,627 | €54,909 | -€3,718 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €12,047 | €9,849 | -€2,197 | -18.2% |
| Trade debts | 44 | €1,052 | €1,136 | +€84 | +8.0% |
| Suppliers | 440/4 | €1,052 | €1,136 | +€84 | +8.0% |
| Taxes, remuneration and social security | 45 | €548 | €211 | -€337 | -61.4% |
| Taxes | 450/3 | €466 | €211 | -€255 | -54.7% |
| Remuneration and social security | 454/9 | €82 | - | -€82 | |
| Other amounts payable | 47/48 | €44,980 | €43,712 | -€1,268 | -2.8% |
| Non-recurring operating income | 76A | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,212 | €54,499 | +€2,287 | +4.4% |
| Other operating charges | 640/8 | €3,359 | €3,200 | -€159 | -4.7% |
| Non-recurring operating charges | 66A | €1,850 | - | -€1,850 | |
| Gross operating margin | 9900 | €57,693 | €30,048 | -€27,645 | -47.9% |
| Operating profit (loss) | 9901 | €272 | -€27,651 | -€27,923 | |
| Financial charges | 65/66B | €5,787 | €2,530 | -€3,257 | -56.3% |
| Recurring financial charges | 65 | €5,787 | €2,530 | -€3,257 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,515 | -€30,181 | -€24,667 | -447% |
| Income taxes | 67/77 | €213 | €211 | -€2 | -1.0% |
| Profit (loss) for the period | 9904 | -€5,728 | -€30,393 | -€24,665 | -431% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,728 | -€30,393 | -€24,665 | -431% |
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 23 October 2026 via checked.be.