Dynamic Projects: 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 Projects
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+193%), from €929,554 to €2.7m
of which Land and buildings: +€1.8m
- Cash +€83,390
up €83,390 (+178%), from €46,800 to €130,189
mainly Debts after one year (+€1.7m) and Current portion of long-term debt (+€138,258)
- Debts after one year +€1.7m
up €1.7m (+304%), from €571,243 to €2.3m
- Other debts -€223,885
down €223,885 (-94.1%), from €237,822 to €13,937
- Current portion of long-term debt +€138,258
up €138,258 (+294%), from €46,963 to €185,222
- Tax, wage and social debts +€99,661
up €99,661 (+215%), from €46,262 to €145,923
of which Taxes: +€89,461
- Trade debts +€62,515
up €62,515 (+2,038%), from €3,068 to €65,583
- Gross operating margin -€55,672
down €55,672 (-19.8%), from €281,733 to €226,061
- Depreciation +€41,668
up €41,668 (+50.9%), from €81,829 to €123,497
- Financial charges +€37,871
up €37,871 (+249%), from €15,233 to €53,103
- Taxes -€10,447
down €10,447 (-24.6%), from €42,447 to €31,999
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 | €1,040,502 | €2,925,677 | +€1.9m | +181% |
| Fixed assets | 21/28 | €929,554 | €2,726,800 | +€1.8m | +193% |
| Tangible fixed assets | 22/27 | €929,554 | €2,726,800 | +€1.8m | +193% |
| Land and buildings | 22 | €906,372 | €2,711,748 | +€1.8m | +199% |
| Furniture and vehicles | 24 | €14,087 | €10,505 | -€3,582 | -25.4% |
| Leasing and similar rights | 25 | €9,095 | €4,548 | -€4,548 | -50.0% |
| Current assets | 29/58 | €110,948 | €198,878 | +€87,930 | +79.3% |
| Amounts receivable within one year | 40/41 | €55,570 | €52,888 | -€2,682 | -4.8% |
| Trade receivables | 40 | €55,570 | €44,987 | -€10,583 | -19.0% |
| Other amounts receivable | 41 | €0 | €7,901 | +€7,901 | |
| Cash at bank and in hand | 54/58 | €46,800 | €130,189 | +€83,390 | +178% |
| Deferred charges and accrued income | 490/1 | €8,578 | €15,800 | +€7,223 | +84.2% |
| Total equity and liabilities | 10/49 | €1,040,502 | €2,925,677 | +€1.9m | +181% |
| Equity | 10/15 | €130,717 | €140,815 | +€10,098 | +7.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €112,167 | €122,265 | +€10,098 | +9.0% |
| Distributable reserves | 133 | €112,167 | €122,265 | +€10,098 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €909,785 | €2,784,863 | +€1.9m | +206% |
| Amounts payable after more than one year | 17 | €571,243 | €2,309,410 | +€1.7m | +304% |
| Financial debts | 170/4 | €571,243 | €2,309,410 | +€1.7m | +304% |
| Amounts payable within one year | 42/48 | €334,114 | €410,664 | +€76,550 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €46,963 | €185,222 | +€138,258 | +294% |
| Trade debts | 44 | €3,068 | €65,583 | +€62,515 | +2,038% |
| Suppliers | 440/4 | €3,068 | €65,583 | +€62,515 | +2,038% |
| Taxes, remuneration and social security | 45 | €46,262 | €145,923 | +€99,661 | +215% |
| Taxes | 450/3 | €46,262 | €135,723 | +€89,461 | +193% |
| Remuneration and social security | 454/9 | - | €10,200 | +€10,200 | |
| Other amounts payable | 47/48 | €237,822 | €13,937 | -€223,885 | -94.1% |
| Accrued charges and deferred income | 492/3 | €4,428 | €64,788 | +€60,360 | +1,363% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,829 | €123,497 | +€41,668 | +50.9% |
| Other operating charges | 640/8 | €8,653 | €7,384 | -€1,269 | -14.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €281,733 | €226,061 | -€55,672 | -19.8% |
| Operating profit (loss) | 9901 | €191,251 | €95,181 | -€96,071 | -50.2% |
| Financial income | 75/76B | €0 | €20 | +€20 | +101,550% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +101,550% |
| Financial charges | 65/66B | €15,233 | €53,103 | +€37,871 | +249% |
| Recurring financial charges | 65 | €15,233 | €53,103 | +€37,871 | +249% |
| Profit (loss) for the period before taxes | 9903 | €176,019 | €42,098 | -€133,921 | -76.1% |
| Income taxes | 67/77 | €42,447 | €31,999 | -€10,447 | -24.6% |
| Profit (loss) for the period | 9904 | €133,572 | €10,098 | -€123,474 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €133,572 | €10,098 | -€123,474 | -92.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.