MDynamics: 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.
MDynamics
Largest movements
- Cash +€16,418
up €16,418 (+137.0%), from €11,983 to €28,401
mainly Net result for the year (+€16,640) and Receivables within one year (+€7,710)
- Receivables within one year -€7,710
down €7,710 (-30.8%), from €25,047 to €17,337
of which Trade receivables: -€14,157
- Tangible fixed assets +€1,650
new in 2025: €1,650
- Reserves +€5,640
up €5,640 (+27.0%), from €20,901 to €26,541
- Other debts +€3,249
up €3,249 (+185.5%), from €1,751 to €5,000
- Trade debts +€1,039
up €1,039 (+690.0%), from €151 to €1,190
- Gross operating margin -€6,186
down €6,186 (-22.1%), from €27,933 to €21,747
- Taxes -€822
down €822 (-13.9%), from €5,897 to €5,076
- Financial income +€359
new in 2025: €359
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 | €37,210 | €47,388 | +€10,178 | +27.4% |
| Fixed assets | 21/28 | - | €1,650 | +€1,650 | |
| Tangible fixed assets | 22/27 | - | €1,650 | +€1,650 | |
| Plant, machinery and equipment | 23 | - | €1,650 | +€1,650 | |
| Current assets | 29/58 | €37,210 | €45,738 | +€8,528 | +22.9% |
| Amounts receivable within one year | 40/41 | €25,047 | €17,337 | -€7,710 | -30.8% |
| Trade receivables | 40 | €25,047 | €10,890 | -€14,157 | -56.5% |
| Other amounts receivable | 41 | - | €6,447 | +€6,447 | |
| Cash at bank and in hand | 54/58 | €11,983 | €28,401 | +€16,418 | +137.0% |
| Deferred charges and accrued income | 490/1 | €180 | €0 | -€180 | -100.0% |
| Total equity and liabilities | 10/49 | €37,210 | €47,388 | +€10,178 | +27.4% |
| Equity | 10/15 | €23,401 | €29,041 | +€5,640 | +24.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,901 | €26,541 | +€5,640 | +27.0% |
| Distributable reserves | 133 | €20,901 | €26,541 | +€5,640 | +27.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,809 | €18,347 | +€4,538 | +32.9% |
| Amounts payable within one year | 42/48 | €13,746 | €18,209 | +€4,463 | +32.5% |
| Trade debts | 44 | €151 | €1,190 | +€1,039 | +690.0% |
| Suppliers | 440/4 | €151 | €1,190 | +€1,039 | +690.0% |
| Taxes, remuneration and social security | 45 | €11,845 | €12,020 | +€175 | +1.5% |
| Taxes | 450/3 | €11,845 | €12,020 | +€175 | +1.5% |
| Other amounts payable | 47/48 | €1,751 | €5,000 | +€3,249 | +185.5% |
| Accrued charges and deferred income | 492/3 | €63 | €138 | +€75 | +119.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €135 | +€135 | |
| Other operating charges | 640/8 | €322 | €202 | -€120 | -37.2% |
| Gross operating margin | 9900 | €27,933 | €21,747 | -€6,186 | -22.1% |
| Operating profit (loss) | 9901 | €27,611 | €21,411 | -€6,201 | -22.5% |
| Financial income | 75/76B | - | €359 | +€359 | |
| Recurring financial income | 75 | - | €359 | +€359 | |
| Financial charges | 65/66B | €13 | €54 | +€41 | +320.2% |
| Recurring financial charges | 65 | €13 | €54 | +€41 | +320.2% |
| Profit (loss) for the period before taxes | 9903 | €27,598 | €21,716 | -€5,882 | -21.3% |
| Income taxes | 67/77 | €5,897 | €5,076 | -€822 | -13.9% |
| Profit (loss) for the period | 9904 | €21,701 | €16,640 | -€5,061 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,701 | €16,640 | -€5,061 | -23.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.