DYNAMO: 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.
DYNAMO
Largest movements
- Receivables within one year +€13,695
up €13,695 (+15.1%), from €90,869 to €104,564
of which Other amounts receivable: +€13,500
- Cash -€12,532
down €12,532 (-15.9%), from €78,869 to €66,337
mainly Debts within one year (-€22,246) and Receivables within one year (-€13,695)
- Tangible fixed assets -€11,571
down €11,571 (-18.8%), from €61,498 to €49,927
of which Furniture and vehicles: -€8,119
- Debts within one year -€22,246
down €22,246 (-15.0%), from €148,596 to €126,350
- Accrued charges and deferred income +€18,396
up €18,396 (+805.8%), from €2,283 to €20,679
- Investment grants -€5,781
down €5,781 (-22.5%), from €25,655 to €19,874
- Gross operating margin +€27,972
up €27,972 (+3.4%), from €816,660 to €844,632
- Staff costs +€18,298
up €18,298 (+2.2%), from €814,858 to €833,156
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 | €336,187 | €325,917 | -€10,270 | -3.1% |
| Fixed assets | 21/28 | €62,031 | €50,464 | -€11,567 | -18.6% |
| Tangible fixed assets | 22/27 | €61,498 | €49,927 | -€11,571 | -18.8% |
| Land and buildings | 22 | €12,721 | €11,940 | -€781 | -6.1% |
| Plant, machinery and equipment | 23 | €16,301 | €13,630 | -€2,671 | -16.4% |
| Furniture and vehicles | 24 | €32,476 | €24,357 | -€8,119 | -25.0% |
| Financial fixed assets | 28 | €533 | €537 | +€4 | +0.8% |
| Current assets | 29/58 | €274,156 | €275,453 | +€1,297 | +0.5% |
| Amounts receivable within one year | 40/41 | €90,869 | €104,564 | +€13,695 | +15.1% |
| Trade receivables | 40 | - | €195 | +€195 | |
| Other amounts receivable | 41 | €90,869 | €104,369 | +€13,500 | +14.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78,869 | €66,337 | -€12,532 | -15.9% |
| Deferred charges and accrued income | 490/1 | €4,418 | €4,552 | +€134 | +3.0% |
| Total equity and liabilities | 10/49 | €336,187 | €325,917 | -€10,270 | -3.1% |
| Equity | 10/15 | €185,308 | €178,888 | -€6,420 | -3.5% |
| Profit (loss) carried forward | 14 | €159,653 | €159,014 | -€639 | -0.4% |
| Investment grants | 15 | €25,655 | €19,874 | -€5,781 | -22.5% |
| Amounts payable | 17/49 | €150,879 | €147,029 | -€3,850 | -2.6% |
| Amounts payable within one year | 42/48 | €148,596 | €126,350 | -€22,246 | -15.0% |
| Trade debts | 44 | €4,918 | €3,424 | -€1,494 | -30.4% |
| Suppliers | 440/4 | €4,918 | €3,424 | -€1,494 | -30.4% |
| Taxes, remuneration and social security | 45 | €97,429 | €99,166 | +€1,737 | +1.8% |
| Taxes | 450/3 | €18,228 | €18,044 | -€184 | -1.0% |
| Remuneration and social security | 454/9 | €79,201 | €81,122 | +€1,921 | +2.4% |
| Accrued charges and deferred income | 492/3 | €2,283 | €20,679 | +€18,396 | +805.8% |
| Non-recurring operating income | 76A | €11,081 | €9 | -€11,072 | -99.9% |
| Remuneration, social security and pensions | 62 | €814,858 | €833,156 | +€18,298 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,585 | €11,571 | -€1,014 | -8.1% |
| Other operating charges | 640/8 | €2,382 | €548 | -€1,834 | -77.0% |
| Non-recurring operating charges | 66A | €3 | €232 | +€229 | +7633.3% |
| Gross operating margin | 9900 | €816,660 | €844,632 | +€27,972 | +3.4% |
| Operating profit (loss) | 9901 | -€13,168 | -€875 | +€12,293 | +93.4% |
| Financial income | 75/76B | €242 | €297 | +€55 | +22.7% |
| Recurring financial income | 75 | €242 | €297 | +€55 | +22.7% |
| Financial charges | 65/66B | €73 | €61 | -€12 | -16.4% |
| Recurring financial charges | 65 | €73 | €61 | -€12 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,999 | -€639 | +€12,360 | +95.1% |
| Profit (loss) for the period | 9904 | -€12,999 | -€639 | +€12,360 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,999 | -€639 | +€12,360 | +95.1% |
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 1 October 2026 via checked.be.