Dynamiek: 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.
Dynamiek
Largest movements
- Receivables after one year -€81,000
down €81,000 (-73.0%), from €111,000 to €30,000
- Tangible fixed assets +€39,310
up €39,310 (+14.0%), from €280,085 to €319,394
of which Furniture and vehicles: +€63,961
- Receivables within one year -€18,041
down €18,041 (-33.5%), from €53,824 to €35,783
of which Other amounts receivable: -€30,809
- Cash +€11,477
up €11,477 (+10.5%), from €109,371 to €120,847
mainly Receivables after one year (+€81,000) and Net result for the year (+€68,874)
- Reserves -€46,403
down €46,403 (-9.4%), from €494,400 to €447,997
of which Distributable reserves: -€46,403
- Gross operating margin -€51,570
down €51,570 (-30.8%), from €167,510 to €115,940
- Taxes -€11,613
down €11,613 (-37.9%), from €30,609 to €18,996
- Depreciation -€4,483
down €4,483 (-14.4%), from €31,058 to €26,575
- Financial income -€2,151
down €2,151 (-43.1%), from €4,989 to €2,838
- Financial charges -€1,685
down €1,685 (-59.0%), from €2,855 to €1,170
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 | €630,100 | €582,721 | -€47,379 | -7.5% |
| Fixed assets | 21/28 | €280,085 | €319,394 | +€39,310 | +14.0% |
| Tangible fixed assets | 22/27 | €280,085 | €319,394 | +€39,310 | +14.0% |
| Land and buildings | 22 | €248,216 | €228,644 | -€19,572 | -7.9% |
| Plant, machinery and equipment | 23 | €11,602 | €9,242 | -€2,359 | -20.3% |
| Furniture and vehicles | 24 | €3,654 | €67,616 | +€63,961 | +1,750% |
| Other tangible fixed assets | 26 | €16,613 | €13,892 | -€2,721 | -16.4% |
| Current assets | 29/58 | €350,016 | €263,327 | -€86,689 | -24.8% |
| Amounts receivable after more than one year | 29 | €111,000 | €30,000 | -€81,000 | -73.0% |
| Other amounts receivable | 291 | €111,000 | €30,000 | -€81,000 | -73.0% |
| Amounts receivable within one year | 40/41 | €53,824 | €35,783 | -€18,041 | -33.5% |
| Trade receivables | 40 | €10,393 | €23,161 | +€12,767 | +123% |
| Other amounts receivable | 41 | €43,431 | €12,622 | -€30,809 | -70.9% |
| Current investments | 50/53 | €75,500 | €75,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,371 | €120,847 | +€11,477 | +10.5% |
| Deferred charges and accrued income | 490/1 | €321 | €1,197 | +€876 | +273% |
| Total equity and liabilities | 10/49 | €630,100 | €582,721 | -€47,379 | -7.5% |
| Equity | 10/15 | €512,950 | €466,547 | -€46,403 | -9.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €494,400 | €447,997 | -€46,403 | -9.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €492,545 | €446,142 | -€46,403 | -9.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €117,151 | €116,174 | -€977 | -0.8% |
| Amounts payable after more than one year | 17 | €74,072 | €71,918 | -€2,154 | -2.9% |
| Financial debts | 170/4 | €74,072 | €71,918 | -€2,154 | -2.9% |
| Amounts payable within one year | 42/48 | €43,079 | €42,991 | -€88 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €41,697 | €42,154 | +€457 | +1.1% |
| Trade debts | 44 | €1,382 | €837 | -€545 | -39.4% |
| Suppliers | 440/4 | €1,382 | €837 | -€545 | -39.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €1,265 | +€1,265 | |
| Non-recurring operating income | 76A | - | €1,737 | +€1,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,058 | €26,575 | -€4,483 | -14.4% |
| Other operating charges | 640/8 | €2,643 | €3,135 | +€492 | +18.6% |
| Non-recurring operating charges | 66A | - | €28 | +€28 | |
| Gross operating margin | 9900 | €167,510 | €115,940 | -€51,570 | -30.8% |
| Operating profit (loss) | 9901 | €133,810 | €86,202 | -€47,608 | -35.6% |
| Financial income | 75/76B | €4,989 | €2,838 | -€2,151 | -43.1% |
| Recurring financial income | 75 | €4,989 | €2,838 | -€2,151 | -43.1% |
| Financial charges | 65/66B | €2,855 | €1,170 | -€1,685 | -59.0% |
| Recurring financial charges | 65 | €2,855 | €1,170 | -€1,685 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | €135,945 | €87,871 | -€48,074 | -35.4% |
| Income taxes | 67/77 | €30,609 | €18,996 | -€11,613 | -37.9% |
| Profit (loss) for the period | 9904 | €105,335 | €68,874 | -€36,461 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,335 | €68,874 | -€36,461 | -34.6% |
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 14 October 2026 via checked.be.