DYNAX: 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.
DYNAX
Largest movements
- Cash +€26,855
up €26,855 (+7.9%), from €341,586 to €368,441
mainly Other debts (+€267,529) and Net result for the year (+€38,805)
- Receivables within one year +€9,177
up €9,177 (+55.2%), from €16,619 to €25,796
of which Other amounts receivable: +€8,165
- Other debts +€267,529
up €267,529 (+226.4%), from €118,157 to €385,686
- Reserves -€236,275
down €236,275 (-100.0%), from €236,275 to €0
- Gross operating margin -€32,817
down €32,817 (-26.4%), from €124,535 to €91,719
- Financial charges -€26,988
down €26,988 (-37.3%), from €72,318 to €45,330
of which Non-recurring financial charges: -€24,000
- Taxes -€14,000
down €14,000 (-69.7%), from €20,087 to €6,087
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 | €363,079 | €396,710 | +€33,631 | +9.3% |
| Fixed assets | 21/28 | €3,704 | €329 | -€3,374 | -91.1% |
| Tangible fixed assets | 22/27 | €704 | €329 | -€374 | -53.2% |
| Furniture and vehicles | 24 | €704 | €329 | -€374 | -53.2% |
| Financial fixed assets | 28 | €3,000 | €0 | -€3,000 | -100.0% |
| Current assets | 29/58 | €359,376 | €396,381 | +€37,005 | +10.3% |
| Amounts receivable within one year | 40/41 | €16,619 | €25,796 | +€9,177 | +55.2% |
| Trade receivables | 40 | €14,415 | €15,428 | +€1,012 | +7.0% |
| Other amounts receivable | 41 | €2,204 | €10,368 | +€8,165 | +370.5% |
| Cash at bank and in hand | 54/58 | €341,586 | €368,441 | +€26,855 | +7.9% |
| Deferred charges and accrued income | 490/1 | €1,170 | €2,143 | +€973 | +83.2% |
| Total equity and liabilities | 10/49 | €363,079 | €396,710 | +€33,631 | +9.3% |
| Equity | 10/15 | €241,275 | €5,000 | -€236,275 | -97.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €236,275 | €0 | -€236,275 | -100.0% |
| Distributable reserves | 133 | €236,275 | €0 | -€236,275 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €121,804 | €391,710 | +€269,906 | +221.6% |
| Amounts payable within one year | 42/48 | €121,804 | €391,710 | +€269,906 | +221.6% |
| Trade debts | 44 | €2,185 | €3,555 | +€1,370 | +62.7% |
| Suppliers | 440/4 | €2,185 | €3,555 | +€1,370 | +62.7% |
| Taxes, remuneration and social security | 45 | €1,462 | €2,469 | +€1,007 | +68.9% |
| Taxes | 450/3 | €1,462 | €2,469 | +€1,007 | +68.9% |
| Other amounts payable | 47/48 | €118,157 | €385,686 | +€267,529 | +226.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €374 | = | 0.0% |
| Other operating charges | 640/8 | €1,172 | €1,123 | -€50 | -4.2% |
| Gross operating margin | 9900 | €124,535 | €91,719 | -€32,817 | -26.4% |
| Operating profit (loss) | 9901 | €122,989 | €90,222 | -€32,767 | -26.6% |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.9% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.9% |
| Financial charges | 65/66B | €72,318 | €45,330 | -€26,988 | -37.3% |
| Recurring financial charges | 65 | €45,318 | €42,330 | -€2,988 | -6.6% |
| Non-recurring financial charges | 66B | €27,000 | €3,000 | -€24,000 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €50,673 | €44,892 | -€5,781 | -11.4% |
| Income taxes | 67/77 | €20,087 | €6,087 | -€14,000 | -69.7% |
| Profit (loss) for the period | 9904 | €30,586 | €38,805 | +€8,219 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,586 | €38,805 | +€8,219 | +26.9% |
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 3 October 2026 via checked.be.