DYNAMICS PJL: 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.
What changed
DYNAMICS PJL
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3,748
2024 · €325,378-€329,126
Equity
€1.6m
2024 · €1.6m-€3,748
Cash
€85,666
2024 · €72,792+€12,875
Balance sheet total
€7.2m
2024 · €6.9m+€329,405
Largest movements
Assets
- Tangible fixed assets +€599,428
up €599,428 (+11.0%), from €5.4m to €6.0m
of which Land and buildings: +€512,625
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Stocks and contracts -€88,793
down €88,793 (-11.4%), from €781,896 to €693,103
Equity and liabilities
- Debts after one year +€334,414
up €334,414 (+9.8%), from €3.4m to €3.7m
of which Financial debts: +€330,924
- Tax, wage and social debts -€79,514
down €79,514 (-66.9%), from €118,841 to €39,327
Income statement
- Gross operating margin -€346,561
down €346,561 (-41.4%), from €837,990 to €491,429
- Taxes -€132,382
down €132,382 (-97.3%), from €136,035 to €3,653
- Depreciation +€86,770
up €86,770 (+42.8%), from €202,779 to €289,550
- Financial income -€44,936
down €44,936 (-93.3%), from €48,137 to €3,201
- Other operating charges -€14,412
down €14,412 (-19.4%), from €74,118 to €59,707
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.
Result 2024
€325,378
Gross operating margin
-€346,561
Depreciation
-€86,770
Other operating charges
+€14,412
Financial income
-€44,936
Financial charges
+€2,348
Taxes
+€132,382
Result 2025
-€3,748
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.
From operations
+€348,052
Investment
-€688,978
Financing
+€353,800
Cash 2024
€72,792
From operations (derived)
+€348,052
Net result for the year
-€3,748
Depreciation
+€289,550
Stocks and contracts
+€88,793
Receivables within one year
-€4,517
Smaller working-capital items
-€1,268
Provisions
-€5,400
Trade debts
+€17,475
Tax, wage and social debts
-€79,514
Other debts
+€46,682
Investment (derived)
-€688,978
Investment in fixed assets (net)
-€888,978
Current investments
+€200,000
Financing
+€353,800
Debts after one year
+€334,414
Current portion of long-term debt
+€47,161
Short-term financial debts
-€27,775
Cash 2025
€85,666
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,869,562 | €7,198,967 | +€329,405 | +4.8% |
| Fixed assets | 21/28 | €5,680,995 | €6,280,423 | +€599,428 | +10.6% |
| Tangible fixed assets | 22/27 | €5,430,995 | €6,030,423 | +€599,428 | +11.0% |
| Land and buildings | 22 | €5,392,547 | €5,905,172 | +€512,625 | +9.5% |
| Plant, machinery and equipment | 23 | €36,445 | €124,473 | +€88,028 | +241.5% |
| Furniture and vehicles | 24 | €2,004 | €779 | -€1,225 | -61.1% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €1,188,566 | €918,544 | -€270,022 | -22.7% |
| Stocks and contracts in progress | 3 | €781,896 | €693,103 | -€88,793 | -11.4% |
| Stocks | 30/36 | €781,896 | €693,103 | -€88,793 | -11.4% |
| Amounts receivable within one year | 40/41 | €100,966 | €105,483 | +€4,517 | +4.5% |
| Trade receivables | 40 | €19,089 | €26,030 | +€6,941 | +36.4% |
| Other amounts receivable | 41 | €81,876 | €79,453 | -€2,423 | -3.0% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €72,792 | €85,666 | +€12,875 | +17.7% |
| Deferred charges and accrued income | 490/1 | €32,914 | €34,292 | +€1,378 | +4.2% |
| Total equity and liabilities | 10/49 | €6,869,562 | €7,198,967 | +€329,405 | +4.8% |
| Equity | 10/15 | €1,587,506 | €1,583,758 | -€3,748 | -0.2% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €889,180 | €889,180 | = | 0.0% |
| Distributable reserves | 133 | €889,180 | €889,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,726 | €315,978 | -€3,748 | -1.2% |
| Provisions and deferred taxes | 16 | €42,525 | €37,125 | -€5,400 | -12.7% |
| Provisions for liabilities and charges | 160/5 | €42,525 | €37,125 | -€5,400 | -12.7% |
| Environmental obligations | 163 | €42,525 | €37,125 | -€5,400 | -12.7% |
| Amounts payable | 17/49 | €5,239,531 | €5,578,084 | +€338,553 | +6.5% |
| Amounts payable after more than one year | 17 | €3,411,694 | €3,746,107 | +€334,414 | +9.8% |
| Financial debts | 170/4 | €3,390,234 | €3,721,157 | +€330,924 | +9.8% |
| Other amounts payable | 178/9 | €21,460 | €24,950 | +€3,490 | +16.3% |
| Amounts payable within one year | 42/48 | €1,826,897 | €1,830,926 | +€4,029 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €343,817 | €390,979 | +€47,161 | +13.7% |
| Financial debts | 43 | €702,775 | €675,000 | -€27,775 | -4.0% |
| Credit institutions | 430/8 | €702,775 | €675,000 | -€27,775 | -4.0% |
| Trade debts | 44 | €5,217 | €22,691 | +€17,475 | +335.0% |
| Suppliers | 440/4 | €5,217 | €22,691 | +€17,475 | +335.0% |
| Taxes, remuneration and social security | 45 | €118,841 | €39,327 | -€79,514 | -66.9% |
| Taxes | 450/3 | €118,841 | €39,327 | -€79,514 | -66.9% |
| Other amounts payable | 47/48 | €656,247 | €702,929 | +€46,682 | +7.1% |
| Accrued charges and deferred income | 492/3 | €940 | €1,050 | +€110 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,779 | €289,550 | +€86,770 | +42.8% |
| Other operating charges | 640/8 | €74,118 | €59,707 | -€14,412 | -19.4% |
| Gross operating margin | 9900 | €837,990 | €491,429 | -€346,561 | -41.4% |
| Operating profit (loss) | 9901 | €561,092 | €142,172 | -€418,920 | -74.7% |
| Financial income | 75/76B | €48,137 | €3,201 | -€44,936 | -93.3% |
| Recurring financial income | 75 | €48,137 | €3,201 | -€44,936 | -93.3% |
| Financial charges | 65/66B | €147,816 | €145,468 | -€2,348 | -1.6% |
| Recurring financial charges | 65 | €147,816 | €145,468 | -€2,348 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €461,413 | -€94 | -€461,508 | |
| Income taxes | 67/77 | €136,035 | €3,653 | -€132,382 | -97.3% |
| Profit (loss) for the period | 9904 | €325,378 | -€3,748 | -€329,126 | |
| Profit (loss) for the period to be appropriated | 9905 | €325,378 | -€3,748 | -€329,126 |
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 6 October 2026 via checked.be.