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 within one year -€22,157
down €22,157 (-88.4%), from €25,078 to €2,921
of which Other amounts receivable: -€22,064
- Cash -€16,070
down €16,070 (-11.3%), from €141,637 to €125,566
mainly Contributions, distributions and other (-€151,011) and Debts after one year (-€24,783)
- Tangible fixed assets -€15,313
down €15,313 (-5.5%), from €276,032 to €260,719
of which Land and buildings: -€13,355
- Reserves -€73,964
down €73,964 (-50.9%), from €145,215 to €71,252
- Other debts +€52,048
new in 2025: €52,048
- Debts after one year -€24,783
down €24,783 (-10.5%), from €236,321 to €211,538
- Tax, wage and social debts -€18,899
down €18,899 (-79.2%), from €23,876 to €4,977
of which Taxes: -€16,649
- Accrued charges and deferred income +€13,249
up €13,249 (+7003.4%), from €189 to €13,438
- Gross operating margin +€10,597
up €10,597 (+9.1%), from €116,000 to €126,597
- Financial income -€4,839
down €4,839 (-81.8%), from €5,917 to €1,079
- Depreciation +€1,540
up €1,540 (+7.6%), from €20,214 to €21,754
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 | €444,131 | €390,615 | -€53,517 | -12.0% |
| Fixed assets | 21/28 | €276,032 | €260,719 | -€15,313 | -5.5% |
| Tangible fixed assets | 22/27 | €276,032 | €260,719 | -€15,313 | -5.5% |
| Land and buildings | 22 | €228,518 | €215,163 | -€13,355 | -5.8% |
| Plant, machinery and equipment | 23 | €3,488 | €7,554 | +€4,067 | +116.6% |
| Furniture and vehicles | 24 | €6,501 | €4,894 | -€1,608 | -24.7% |
| Other tangible fixed assets | 26 | €37,525 | €33,108 | -€4,417 | -11.8% |
| Current assets | 29/58 | €168,099 | €129,896 | -€38,203 | -22.7% |
| Amounts receivable within one year | 40/41 | €25,078 | €2,921 | -€22,157 | -88.4% |
| Trade receivables | 40 | €379 | €286 | -€93 | -24.5% |
| Other amounts receivable | 41 | €24,699 | €2,635 | -€22,064 | -89.3% |
| Cash at bank and in hand | 54/58 | €141,637 | €125,566 | -€16,070 | -11.3% |
| Deferred charges and accrued income | 490/1 | €1,384 | €1,408 | +€24 | +1.8% |
| Total equity and liabilities | 10/49 | €444,131 | €390,615 | -€53,517 | -12.0% |
| Equity | 10/15 | €150,215 | €76,252 | -€73,964 | -49.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €145,215 | €71,252 | -€73,964 | -50.9% |
| Distributable reserves | 133 | €145,215 | €71,252 | -€73,964 | -50.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €293,916 | €314,363 | +€20,447 | +7.0% |
| Amounts payable after more than one year | 17 | €236,321 | €211,538 | -€24,783 | -10.5% |
| Financial debts | 170/4 | €236,321 | €211,538 | -€24,783 | -10.5% |
| Amounts payable within one year | 42/48 | €57,406 | €89,387 | +€31,981 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €29,747 | €30,164 | +€417 | +1.4% |
| Trade debts | 44 | €3,783 | €2,198 | -€1,585 | -41.9% |
| Suppliers | 440/4 | €3,783 | €2,198 | -€1,585 | -41.9% |
| Taxes, remuneration and social security | 45 | €23,876 | €4,977 | -€18,899 | -79.2% |
| Taxes | 450/3 | €21,626 | €4,977 | -€16,649 | -77.0% |
| Remuneration and social security | 454/9 | €2,250 | €0 | -€2,250 | -100.0% |
| Other amounts payable | 47/48 | - | €52,048 | +€52,048 | |
| Accrued charges and deferred income | 492/3 | €189 | €13,438 | +€13,249 | +7003.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,214 | €21,754 | +€1,540 | +7.6% |
| Other operating charges | 640/8 | €3,006 | €2,955 | -€51 | -1.7% |
| Gross operating margin | 9900 | €116,000 | €126,597 | +€10,597 | +9.1% |
| Operating profit (loss) | 9901 | €92,780 | €101,888 | +€9,108 | +9.8% |
| Financial income | 75/76B | €5,917 | €1,079 | -€4,839 | -81.8% |
| Recurring financial income | 75 | €5,917 | €1,079 | -€4,839 | -81.8% |
| Financial charges | 65/66B | €5,930 | €5,948 | +€18 | +0.3% |
| Recurring financial charges | 65 | €5,930 | €5,948 | +€18 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €92,767 | €97,019 | +€4,252 | +4.6% |
| Income taxes | 67/77 | €18,804 | €19,971 | +€1,167 | +6.2% |
| Profit (loss) for the period | 9904 | €73,964 | €77,048 | +€3,084 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,964 | €77,048 | +€3,084 | +4.2% |
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 11 October 2026 via checked.be.