53 PEOPLE: 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.
53 PEOPLE
Largest movements
- Cash +€439,643
up €439,643 (+213%), from €206,100 to €645,743
mainly Other debts (+€302,457) and Current investments (+€300,000)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Receivables within one year -€10,850
down €10,850 (-9.5%), from €114,214 to €103,364
of which Other amounts receivable: -€17,113
- Other debts +€302,457
up €302,457 (+1,348%), from €22,437 to €324,895
- Reserves -€193,167
down €193,167 (-34.5%), from €559,950 to €366,782
- Tax, wage and social debts +€14,691
up €14,691 (+87.8%), from €16,723 to €31,414
of which Taxes: +€16,678
- Financial income +€11,494
up €11,494 (+2,284%), from €503 to €11,997
- Gross operating margin -€8,843
down €8,843 (-3.5%), from €251,348 to €242,505
- Staff costs +€3,522
up €3,522 (+4.7%), from €75,321 to €78,843
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 | €632,521 | €757,043 | +€124,522 | +19.7% |
| Fixed assets | 21/28 | €9,850 | €6,529 | -€3,321 | -33.7% |
| Tangible fixed assets | 22/27 | €9,825 | €6,504 | -€3,321 | -33.8% |
| Furniture and vehicles | 24 | €9,825 | €6,504 | -€3,321 | -33.8% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €622,671 | €750,514 | +€127,843 | +20.5% |
| Amounts receivable within one year | 40/41 | €114,214 | €103,364 | -€10,850 | -9.5% |
| Trade receivables | 40 | €97,102 | €103,364 | +€6,263 | +6.4% |
| Other amounts receivable | 41 | €17,113 | - | -€17,113 | |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €206,100 | €645,743 | +€439,643 | +213% |
| Deferred charges and accrued income | 490/1 | €2,357 | €1,406 | -€951 | -40.3% |
| Total equity and liabilities | 10/49 | €632,521 | €757,043 | +€124,522 | +19.7% |
| Equity | 10/15 | €578,550 | €385,382 | -€193,167 | -33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €559,950 | €366,782 | -€193,167 | -34.5% |
| Distributable reserves | 133 | €559,950 | €366,782 | -€193,167 | -34.5% |
| Amounts payable | 17/49 | €53,971 | €371,660 | +€317,689 | +589% |
| Amounts payable within one year | 42/48 | €53,971 | €371,660 | +€317,689 | +589% |
| Financial debts | 43 | €285 | - | -€285 | |
| Credit institutions | 430/8 | €285 | - | -€285 | |
| Trade debts | 44 | €14,526 | €15,352 | +€826 | +5.7% |
| Suppliers | 440/4 | €14,526 | €15,352 | +€826 | +5.7% |
| Taxes, remuneration and social security | 45 | €16,723 | €31,414 | +€14,691 | +87.8% |
| Taxes | 450/3 | €173 | €16,851 | +€16,678 | +9,659% |
| Remuneration and social security | 454/9 | €16,550 | €14,563 | -€1,987 | -12.0% |
| Other amounts payable | 47/48 | €22,437 | €324,895 | +€302,457 | +1,348% |
| Remuneration, social security and pensions | 62 | €75,321 | €78,843 | +€3,522 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,934 | €6,366 | +€433 | +7.3% |
| Other operating charges | 640/8 | €1,061 | €1,994 | +€933 | +88.0% |
| Gross operating margin | 9900 | €251,348 | €242,505 | -€8,843 | -3.5% |
| Operating profit (loss) | 9901 | €169,033 | €155,302 | -€13,731 | -8.1% |
| Financial income | 75/76B | €503 | €11,997 | +€11,494 | +2,284% |
| Recurring financial income | 75 | €503 | €11,997 | +€11,494 | +2,284% |
| Financial charges | 65/66B | €1,128 | €262 | -€866 | -76.8% |
| Recurring financial charges | 65 | €128 | €262 | +€134 | +104% |
| Non-recurring financial charges | 66B | €1,000 | - | -€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €168,408 | €167,037 | -€1,371 | -0.8% |
| Income taxes | 67/77 | €52,313 | €52,173 | -€140 | -0.3% |
| Profit (loss) for the period | 9904 | €116,095 | €114,864 | -€1,231 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,095 | €114,864 | -€1,231 | -1.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.