DYNAMIC HARMONY: 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.
DYNAMIC HARMONY
Largest movements
- Tangible fixed assets -€7,640
down €7,640 (-5.4%), from €140,250 to €132,610
- Cash +€4,129
up €4,129 (+28.1%), from €14,705 to €18,835
mainly Depreciation (+€15,698) and Net result for the year (+€2,283)
- Debts after one year -€6,976
down €6,976 (-17.1%), from €40,855 to €33,879
- Reserves +€2,283
up €2,283 (+10.0%), from €22,837 to €25,120
- Depreciation +€1,019
up €1,019 (+6.9%), from €14,679 to €15,698
- Gross operating margin +€1,015
up €1,015 (+4.4%), from €23,218 to €24,233
- Taxes +€434
up €434, from -€195 to €239
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 | €158,721 | €154,065 | -€4,656 | -2.9% |
| Fixed assets | 21/28 | €140,250 | €132,610 | -€7,640 | -5.4% |
| Tangible fixed assets | 22/27 | €140,250 | €132,610 | -€7,640 | -5.4% |
| Land and buildings | 22 | €140,250 | €132,610 | -€7,640 | -5.4% |
| Current assets | 29/58 | €18,471 | €21,455 | +€2,984 | +16.2% |
| Amounts receivable within one year | 40/41 | €2,425 | €1,500 | -€925 | -38.2% |
| Other amounts receivable | 41 | €2,425 | €1,500 | -€925 | -38.2% |
| Cash at bank and in hand | 54/58 | €14,705 | €18,835 | +€4,129 | +28.1% |
| Deferred charges and accrued income | 490/1 | €1,340 | €1,120 | -€220 | -16.4% |
| Total equity and liabilities | 10/49 | €158,721 | €154,065 | -€4,656 | -2.9% |
| Equity | 10/15 | €82,849 | €85,132 | +€2,283 | +2.8% |
| Contributions | 10/11 | €54,000 | €54,000 | = | 0.0% |
| Reserves | 13 | €22,837 | €25,120 | +€2,283 | +10.0% |
| Distributable reserves | 133 | €22,837 | €25,120 | +€2,283 | +10.0% |
| Profit (loss) carried forward | 14 | €6,012 | €6,012 | = | 0.0% |
| Amounts payable | 17/49 | €75,872 | €68,933 | -€6,939 | -9.1% |
| Amounts payable after more than one year | 17 | €40,855 | €33,879 | -€6,976 | -17.1% |
| Financial debts | 170/4 | €40,855 | €33,879 | -€6,976 | -17.1% |
| Amounts payable within one year | 42/48 | €35,017 | €35,054 | +€37 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €6,833 | €6,976 | +€142 | +2.1% |
| Trade debts | 44 | €1,306 | €1,229 | -€78 | -5.9% |
| Suppliers | 440/4 | €1,306 | €1,229 | -€78 | -5.9% |
| Taxes, remuneration and social security | 45 | €860 | €330 | -€531 | -61.7% |
| Taxes | 450/3 | €860 | €330 | -€531 | -61.7% |
| Other amounts payable | 47/48 | €26,017 | €26,521 | +€503 | +1.9% |
| Remuneration, social security and pensions | 62 | €420 | €620 | +€199 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,679 | €15,698 | +€1,019 | +6.9% |
| Other operating charges | 640/8 | €3,172 | €3,275 | +€103 | +3.3% |
| Gross operating margin | 9900 | €23,218 | €24,233 | +€1,015 | +4.4% |
| Operating profit (loss) | 9901 | €4,947 | €4,641 | -€306 | -6.2% |
| Financial income | 75/76B | €90 | €37 | -€53 | -59.1% |
| Recurring financial income | 75 | €90 | €37 | -€53 | -59.1% |
| Financial charges | 65/66B | €2,379 | €2,155 | -€224 | -9.4% |
| Recurring financial charges | 65 | €2,379 | €2,155 | -€224 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €2,658 | €2,522 | -€136 | -5.1% |
| Income taxes | 67/77 | -€195 | €239 | +€434 | |
| Profit (loss) for the period | 9904 | €2,853 | €2,283 | -€570 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,853 | €2,283 | -€570 | -20.0% |
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 8 October 2026 via checked.be.