Dynex: 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.
Dynex
Largest movements
- Current investments -€128,000
down €128,000 (-73.0%), from €175,412 to €47,412
- Receivables after one year +€125,000
new in 2025: €125,000
- Cash +€57,146
up €57,146 (+60.8%), from €93,986 to €151,131
mainly Current investments (+€128,000) and Net result for the year (+€82,329)
- Tangible fixed assets -€14,266
down €14,266 (-4.2%), from €336,633 to €322,367
of which Land and buildings: -€11,256
- Receivables within one year +€12,189
up €12,189 (+54.7%), from €22,274 to €34,463
of which Other amounts receivable: +€11,002
- Reserves +€31,032
up €31,032 (+8.6%), from €360,849 to €391,881
- Gross operating margin +€17,715
up €17,715 (+15.2%), from €116,558 to €134,273
- Taxes +€6,943
up €6,943 (+25.7%), from €27,038 to €33,981
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 | €649,951 | €694,805 | +€44,854 | +6.9% |
| Fixed assets | 21/28 | €336,633 | €322,367 | -€14,266 | -4.2% |
| Tangible fixed assets | 22/27 | €336,633 | €322,367 | -€14,266 | -4.2% |
| Land and buildings | 22 | €323,605 | €312,349 | -€11,256 | -3.5% |
| Plant, machinery and equipment | 23 | €9,731 | €7,018 | -€2,713 | -27.9% |
| Furniture and vehicles | 24 | €1,185 | €1,592 | +€407 | +34.4% |
| Other tangible fixed assets | 26 | €2,112 | €1,408 | -€704 | -33.3% |
| Current assets | 29/58 | €313,318 | €372,437 | +€59,119 | +18.9% |
| Amounts receivable after more than one year | 29 | - | €125,000 | +€125,000 | |
| Other amounts receivable | 291 | - | €125,000 | +€125,000 | |
| Amounts receivable within one year | 40/41 | €22,274 | €34,463 | +€12,189 | +54.7% |
| Trade receivables | 40 | €22,274 | €23,461 | +€1,187 | +5.3% |
| Other amounts receivable | 41 | €0 | €11,002 | +€11,002 | |
| Current investments | 50/53 | €175,412 | €47,412 | -€128,000 | -73.0% |
| Cash at bank and in hand | 54/58 | €93,986 | €151,131 | +€57,146 | +60.8% |
| Deferred charges and accrued income | 490/1 | €21,647 | €14,431 | -€7,216 | -33.3% |
| Total equity and liabilities | 10/49 | €649,951 | €694,805 | +€44,854 | +6.9% |
| Equity | 10/15 | €360,849 | €391,881 | +€31,032 | +8.6% |
| Reserves | 13 | €360,849 | €391,881 | +€31,032 | +8.6% |
| Distributable reserves | 133 | €360,849 | €391,881 | +€31,032 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €289,102 | €302,923 | +€13,821 | +4.8% |
| Amounts payable after more than one year | 17 | €212,683 | €218,842 | +€6,159 | +2.9% |
| Financial debts | 170/4 | €141,683 | €128,842 | -€12,841 | -9.1% |
| Other amounts payable | 178/9 | €71,000 | €90,000 | +€19,000 | +26.8% |
| Amounts payable within one year | 42/48 | €76,419 | €84,081 | +€7,662 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €12,641 | €12,841 | +€200 | +1.6% |
| Trade debts | 44 | €4,936 | €3,572 | -€1,364 | -27.6% |
| Suppliers | 440/4 | €4,936 | €3,572 | -€1,364 | -27.6% |
| Taxes, remuneration and social security | 45 | €8,620 | €12,222 | +€3,601 | +41.8% |
| Taxes | 450/3 | €8,620 | €12,222 | +€3,601 | +41.8% |
| Other amounts payable | 47/48 | €50,222 | €55,447 | +€5,225 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,839 | €15,932 | +€94 | +0.6% |
| Other operating charges | 640/8 | €1,777 | €1,657 | -€121 | -6.8% |
| Gross operating margin | 9900 | €116,558 | €134,273 | +€17,715 | +15.2% |
| Operating profit (loss) | 9901 | €98,942 | €116,684 | +€17,742 | +17.9% |
| Financial income | 75/76B | €1,888 | €2,094 | +€206 | +10.9% |
| Recurring financial income | 75 | €1,888 | €2,094 | +€206 | +10.9% |
| Financial charges | 65/66B | €3,606 | €2,468 | -€1,138 | -31.6% |
| Recurring financial charges | 65 | €3,606 | €2,468 | -€1,138 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €97,224 | €116,310 | +€19,087 | +19.6% |
| Income taxes | 67/77 | €27,038 | €33,981 | +€6,943 | +25.7% |
| Profit (loss) for the period | 9904 | €70,186 | €82,329 | +€12,143 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,186 | €82,329 | +€12,143 | +17.3% |
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 22 October 2026 via checked.be.