DYNAPHAR: 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.
DYNAPHAR
Largest movements
- Cash -€219,676
down €219,676 (-58.0%), from €378,794 to €159,118
mainly Net result for the year (-€255,663) and Receivables within one year (-€156,034)
- Financial fixed assets -€158,456
down €158,456 (-58.5%), from €270,648 to €112,192
- Receivables within one year +€156,034
up €156,034 (+105.2%), from €148,388 to €304,422
of which Trade receivables: +€242,802
- Stocks and contracts +€83,541
new in 2025: €83,541
- Intangible fixed assets +€8,500
new in 2025: €8,500
- Profit (loss) carried forward -€255,663
down €255,663 (-33.2%), from €771,211 to €515,548
- Trade debts +€125,966
up €125,966 (+654.7%), from €19,241 to €145,207
- Financial charges +€153,092
up €153,092 (+2524.2%), from €6,065 to €159,157
of which Non-recurring financial charges: +€158,456
- Staff costs +€72,455
up €72,455 (+99.0%), from €73,217 to €145,672
- Gross operating margin +€19,379
up €19,379 (+60.8%), from €31,895 to €51,274
- Depreciation -€3,241
down €3,241 (-57.9%), from €5,601 to €2,360
- Other operating charges -€1,012
down €1,012 (-64.4%), from €1,572 to €560
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 | €799,899 | €668,512 | -€131,387 | -16.4% |
| Fixed assets | 21/28 | €270,648 | €120,692 | -€149,956 | -55.4% |
| Intangible fixed assets | 21 | - | €8,500 | +€8,500 | |
| Financial fixed assets | 28 | €270,648 | €112,192 | -€158,456 | -58.5% |
| Current assets | 29/58 | €529,251 | €547,820 | +€18,569 | +3.5% |
| Stocks and contracts in progress | 3 | - | €83,541 | +€83,541 | |
| Stocks | 30/36 | - | €83,541 | +€83,541 | |
| Amounts receivable within one year | 40/41 | €148,388 | €304,422 | +€156,034 | +105.2% |
| Trade receivables | 40 | €23,288 | €266,090 | +€242,802 | +1042.6% |
| Other amounts receivable | 41 | €125,100 | €38,332 | -€86,768 | -69.4% |
| Cash at bank and in hand | 54/58 | €378,794 | €159,118 | -€219,676 | -58.0% |
| Deferred charges and accrued income | 490/1 | €2,069 | €739 | -€1,330 | -64.3% |
| Total equity and liabilities | 10/49 | €799,899 | €668,512 | -€131,387 | -16.4% |
| Equity | 10/15 | €771,211 | €515,548 | -€255,663 | -33.2% |
| Profit (loss) carried forward | 14 | €771,211 | €515,548 | -€255,663 | -33.2% |
| Amounts payable | 17/49 | €28,688 | €152,964 | +€124,276 | +433.2% |
| Amounts payable within one year | 42/48 | €28,688 | €152,404 | +€123,716 | +431.2% |
| Trade debts | 44 | €19,241 | €145,207 | +€125,966 | +654.7% |
| Suppliers | 440/4 | €19,241 | €145,207 | +€125,966 | +654.7% |
| Taxes, remuneration and social security | 45 | €9,447 | €7,197 | -€2,250 | -23.8% |
| Taxes | 450/3 | €1,269 | - | -€1,269 | |
| Remuneration and social security | 454/9 | €8,178 | €7,197 | -€981 | -12.0% |
| Accrued charges and deferred income | 492/3 | - | €560 | +€560 | |
| Remuneration, social security and pensions | 62 | €73,217 | €145,672 | +€72,455 | +99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,601 | €2,360 | -€3,241 | -57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€795 | -€795 | |
| Other operating charges | 640/8 | €1,572 | €560 | -€1,012 | -64.4% |
| Non-recurring operating charges | 66A | €18,157 | - | -€18,157 | |
| Gross operating margin | 9900 | €31,895 | €51,274 | +€19,379 | +60.8% |
| Operating profit (loss) | 9901 | -€66,652 | -€96,523 | -€29,871 | -44.8% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €6,065 | €159,157 | +€153,092 | +2524.2% |
| Recurring financial charges | 65 | €6,065 | €701 | -€5,364 | -88.4% |
| Non-recurring financial charges | 66B | - | €158,456 | +€158,456 | |
| Profit (loss) for the period before taxes | 9903 | -€72,717 | -€255,663 | -€182,946 | -251.6% |
| Profit (loss) for the period | 9904 | -€72,717 | -€255,663 | -€182,946 | -251.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,717 | -€255,663 | -€182,946 | -251.6% |
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 29 September 2026 via checked.be.