DYNAMIC FINANCES: 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 FINANCES
Largest movements
- Cash +€103,529
up €103,529 (+104321.5%), from €99 to €103,628
mainly Net result for the year (+€120,975) and Other debts (+€115,627)
- Financial fixed assets -€83,657
down €83,657 (-29.2%), from €286,157 to €202,500
- Receivables within one year +€55,197
up €55,197 (+154.6%), from €35,704 to €90,901
of which Other amounts receivable: +€56,038
- Tangible fixed assets -€7,140
down €7,140 (-40.8%), from €17,496 to €10,356
of which Furniture and vehicles: -€4,917
- Other debts +€115,627
up €115,627 (+862.7%), from €13,403 to €129,030
- Debts after one year -€55,327
no longer reported in 2025 (was €55,327)
- Tax, wage and social debts +€33,717
up €33,717 (+1034.2%), from €3,260 to €36,977
- Current portion of long-term debt -€27,272
no longer reported in 2025 (was €27,272)
- Reserves -€13,000
down €13,000 (-5.9%), from €219,860 to €206,860
of which Distributable reserves: -€13,000
- Gross operating margin +€132,955
up €132,955 (+733.3%), from €18,130 to €151,085
- Taxes +€35,125
up €35,125 (+718.6%), from €4,888 to €40,013
- Financial income +€24,143
up €24,143 (+163.6%), from €14,755 to €38,898
- Financial charges +€15,893
up €15,893 (+351.1%), from €4,526 to €20,419
of which Non-recurring financial charges: +€16,157
- Depreciation -€4,707
down €4,707 (-39.7%), from €11,846 to €7,140
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 | €340,584 | €408,822 | +€68,238 | +20.0% |
| Fixed assets | 21/28 | €303,653 | €212,856 | -€90,797 | -29.9% |
| Tangible fixed assets | 22/27 | €17,496 | €10,356 | -€7,140 | -40.8% |
| Furniture and vehicles | 24 | €4,917 | - | -€4,917 | |
| Other tangible fixed assets | 26 | €12,579 | €10,356 | -€2,223 | -17.7% |
| Financial fixed assets | 28 | €286,157 | €202,500 | -€83,657 | -29.2% |
| Current assets | 29/58 | €36,931 | €195,966 | +€159,035 | +430.6% |
| Amounts receivable within one year | 40/41 | €35,704 | €90,901 | +€55,197 | +154.6% |
| Trade receivables | 40 | €841 | - | -€841 | |
| Other amounts receivable | 41 | €34,863 | €90,901 | +€56,038 | +160.7% |
| Cash at bank and in hand | 54/58 | €99 | €103,628 | +€103,529 | +104321.5% |
| Deferred charges and accrued income | 490/1 | €1,127 | €1,437 | +€310 | +27.5% |
| Total equity and liabilities | 10/49 | €340,584 | €408,822 | +€68,238 | +20.0% |
| Equity | 10/15 | €237,523 | €235,497 | -€2,025 | -0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €219,860 | €206,860 | -€13,000 | -5.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €218,000 | €205,000 | -€13,000 | -6.0% |
| Profit (loss) carried forward | 14 | €5,263 | €16,237 | +€10,975 | +208.5% |
| Amounts payable | 17/49 | €103,061 | €173,325 | +€70,264 | +68.2% |
| Amounts payable after more than one year | 17 | €55,327 | - | -€55,327 | |
| Financial debts | 170/4 | €55,327 | - | -€55,327 | |
| Amounts payable within one year | 42/48 | €47,734 | €172,995 | +€125,261 | +262.4% |
| Current portion of amounts payable after more than one year | 42 | €27,272 | - | -€27,272 | |
| Financial debts | 43 | €1,470 | €1,791 | +€320 | +21.8% |
| Credit institutions | 430/8 | €1,470 | €1,791 | +€320 | +21.8% |
| Trade debts | 44 | €2,329 | €5,197 | +€2,868 | +123.2% |
| Suppliers | 440/4 | €2,329 | €5,197 | +€2,868 | +123.2% |
| Taxes, remuneration and social security | 45 | €3,260 | €36,977 | +€33,717 | +1034.2% |
| Taxes | 450/3 | €3,260 | €36,977 | +€33,717 | +1034.2% |
| Other amounts payable | 47/48 | €13,403 | €129,030 | +€115,627 | +862.7% |
| Accrued charges and deferred income | 492/3 | - | €330 | +€330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,846 | €7,140 | -€4,707 | -39.7% |
| Other operating charges | 640/8 | €1,950 | €1,436 | -€513 | -26.3% |
| Gross operating margin | 9900 | €18,130 | €151,085 | +€132,955 | +733.3% |
| Operating profit (loss) | 9901 | €4,334 | €142,508 | +€138,174 | +3188.2% |
| Financial income | 75/76B | €14,755 | €38,898 | +€24,143 | +163.6% |
| Recurring financial income | 75 | €14,755 | €38,898 | +€24,143 | +163.6% |
| Financial charges | 65/66B | €4,526 | €20,419 | +€15,893 | +351.1% |
| Recurring financial charges | 65 | €4,526 | €4,262 | -€264 | -5.8% |
| Non-recurring financial charges | 66B | - | €16,157 | +€16,157 | |
| Profit (loss) for the period before taxes | 9903 | €14,563 | €160,987 | +€146,425 | +1005.5% |
| Income taxes | 67/77 | €4,888 | €40,013 | +€35,125 | +718.6% |
| Profit (loss) for the period | 9904 | €9,675 | €120,975 | +€111,300 | +1150.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,675 | €120,975 | +€111,300 | +1150.4% |
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 12 October 2026 via checked.be.