ENGAGING 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.
ENGAGING PEOPLE
Largest movements
- Tangible fixed assets -€10,845
down €10,845 (-25.7%), from €42,165 to €31,321
of which Furniture and vehicles: -€10,545
- Receivables within one year -€6,168
down €6,168 (-24.4%), from €25,276 to €19,108
of which Trade receivables: -€9,262
- Cash -€3,033
down €3,033 (-6.1%), from €49,393 to €46,361
mainly Contributions, distributions and other (-€25,409) and Debts after one year (-€7,376)
- Reserves -€14,751
down €14,751 (-31.5%), from €46,825 to €32,074
- Debts after one year -€7,376
down €7,376 (-32.3%), from €22,856 to €15,480
- Depreciation +€9,998
up €9,998 (+831%), from €1,203 to €11,201
- Gross operating margin +€9,264
up €9,264 (+49.1%), from €18,862 to €28,126
- Financial charges -€2,726
down €2,726 (-70.4%), from €3,873 to €1,147
of which Non-recurring financial charges: -€3,432
- Taxes +€527
up €527 (+13.4%), from €3,925 to €4,452
- Other operating charges -€368
down €368 (-31.0%), from €1,188 to €819
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 | €118,188 | €97,199 | -€20,988 | -17.8% |
| Fixed assets | 21/28 | €42,745 | €31,544 | -€11,201 | -26.2% |
| Intangible fixed assets | 21 | €580 | €223 | -€356 | -61.5% |
| Tangible fixed assets | 22/27 | €42,165 | €31,321 | -€10,845 | -25.7% |
| Plant, machinery and equipment | 23 | €532 | €232 | -€300 | -56.3% |
| Furniture and vehicles | 24 | €41,633 | €31,088 | -€10,545 | -25.3% |
| Current assets | 29/58 | €75,442 | €65,655 | -€9,787 | -13.0% |
| Amounts receivable within one year | 40/41 | €25,276 | €19,108 | -€6,168 | -24.4% |
| Trade receivables | 40 | €24,143 | €14,881 | -€9,262 | -38.4% |
| Other amounts receivable | 41 | €1,134 | €4,228 | +€3,094 | +273% |
| Cash at bank and in hand | 54/58 | €49,393 | €46,361 | -€3,033 | -6.1% |
| Deferred charges and accrued income | 490/1 | €773 | €186 | -€587 | -75.9% |
| Total equity and liabilities | 10/49 | €118,188 | €97,199 | -€20,988 | -17.8% |
| Equity | 10/15 | €46,825 | €32,074 | -€14,751 | -31.5% |
| Reserves | 13 | €46,825 | €32,074 | -€14,751 | -31.5% |
| Distributable reserves | 133 | €46,825 | €32,074 | -€14,751 | -31.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,363 | €65,125 | -€6,238 | -8.7% |
| Amounts payable after more than one year | 17 | €22,856 | €15,480 | -€7,376 | -32.3% |
| Financial debts | 170/4 | €22,856 | €15,480 | -€7,376 | -32.3% |
| Amounts payable within one year | 42/48 | €48,114 | €49,208 | +€1,095 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €7,144 | €7,376 | +€232 | +3.3% |
| Trade debts | 44 | €3,471 | €3,453 | -€18 | -0.5% |
| Suppliers | 440/4 | €3,471 | €3,453 | -€18 | -0.5% |
| Taxes, remuneration and social security | 45 | €8,497 | €8,372 | -€125 | -1.5% |
| Taxes | 450/3 | €6,233 | €8,372 | +€2,140 | +34.3% |
| Remuneration and social security | 454/9 | €2,264 | €0 | -€2,264 | -100% |
| Other amounts payable | 47/48 | €29,001 | €30,007 | +€1,006 | +3.5% |
| Accrued charges and deferred income | 492/3 | €393 | €437 | +€44 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,203 | €11,201 | +€9,998 | +831% |
| Other operating charges | 640/8 | €1,188 | €819 | -€368 | -31.0% |
| Gross operating margin | 9900 | €18,862 | €28,126 | +€9,264 | +49.1% |
| Operating profit (loss) | 9901 | €16,471 | €16,105 | -€365 | -2.2% |
| Financial income | 75/76B | €196 | €152 | -€43 | -22.2% |
| Recurring financial income | 75 | €196 | €152 | -€43 | -22.2% |
| Financial charges | 65/66B | €3,873 | €1,147 | -€2,726 | -70.4% |
| Recurring financial charges | 65 | €441 | €1,147 | +€706 | +160% |
| Non-recurring financial charges | 66B | €3,432 | €0 | -€3,432 | -100% |
| Profit (loss) for the period before taxes | 9903 | €12,793 | €15,111 | +€2,317 | +18.1% |
| Income taxes | 67/77 | €3,925 | €4,452 | +€527 | +13.4% |
| Profit (loss) for the period | 9904 | €8,868 | €10,659 | +€1,791 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,868 | €10,659 | +€1,791 | +20.2% |
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 20 October 2026 via checked.be.