Manpower Personal Services: 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.
Manpower Personal Services
Largest movements
- Cash +€1.1m
up €1.1m (+460%), from €236,904 to €1.3m
mainly Receivables within one year (+€773,034) and Net result for the year (+€404,863)
- Receivables within one year -€773,034
down €773,034 (-61.3%), from €1.3m to €487,303
of which Other amounts receivable: -€824,404
- Profit (loss) carried forward +€404,863
up €404,863 (+33.4%), from €1.2m to €1.6m
- Trade debts -€65,391
down €65,391 (-36.3%), from €180,185 to €114,795
- Tax, wage and social debts -€22,483
down €22,483 (-59.5%), from €37,771 to €15,287
- Turnover +€71,539
up €71,539 (+2.2%), from €3.2m to €3.3m
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 | €1,497,241 | €1,814,230 | +€316,989 | +21.2% |
| Current assets | 29/58 | €1,497,241 | €1,814,230 | +€316,989 | +21.2% |
| Amounts receivable within one year | 40/41 | €1,260,337 | €487,303 | -€773,034 | -61.3% |
| Trade receivables | 40 | €435,861 | €487,231 | +€51,370 | +11.8% |
| Other amounts receivable | 41 | €824,476 | €73 | -€824,404 | -100.0% |
| Cash at bank and in hand | 54/58 | €236,904 | €1,326,927 | +€1.1m | +460% |
| Total equity and liabilities | 10/49 | €1,497,241 | €1,814,230 | +€316,989 | +21.2% |
| Equity | 10/15 | €1,279,285 | €1,684,148 | +€404,863 | +31.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,211,635 | €1,616,498 | +€404,863 | +33.4% |
| Amounts payable | 17/49 | €217,956 | €130,082 | -€87,874 | -40.3% |
| Amounts payable within one year | 42/48 | €217,956 | €130,082 | -€87,874 | -40.3% |
| Trade debts | 44 | €180,185 | €114,795 | -€65,391 | -36.3% |
| Suppliers | 440/4 | €180,185 | €114,795 | -€65,391 | -36.3% |
| Taxes, remuneration and social security | 45 | €37,771 | €15,287 | -€22,483 | -59.5% |
| Taxes | 450/3 | €37,771 | €15,287 | -€22,483 | -59.5% |
| Operating income | 70/76A | €3,232,371 | €3,303,910 | +€71,539 | +2.2% |
| Turnover | 70 | €3,232,371 | €3,303,910 | +€71,539 | +2.2% |
| Operating charges | 60/66A | €2,757,656 | €2,759,357 | +€1,701 | +0.1% |
| Services and other goods | 61 | €2,756,900 | €2,757,868 | +€968 | 0.0% |
| Remuneration, social security and pensions | 62 | - | €418 | +€418 | |
| Other operating charges | 640/8 | €756 | €1,071 | +€316 | +41.8% |
| Operating profit (loss) | 9901 | €474,716 | €544,553 | +€69,837 | +14.7% |
| Financial charges | 65/66B | €3,632 | €3,403 | -€229 | -6.3% |
| Recurring financial charges | 65 | €3,632 | €3,403 | -€229 | -6.3% |
| Debt charges | 650 | - | €0 | +€0 | |
| Other financial charges | 652/9 | €3,632 | €3,403 | -€229 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €471,083 | €541,150 | +€70,066 | +14.9% |
| Income taxes | 67/77 | €134,107 | €136,287 | +€2,180 | +1.6% |
| Taxes | 670/3 | €134,107 | €136,287 | +€2,180 | +1.6% |
| Profit (loss) for the period | 9904 | €336,976 | €404,863 | +€67,887 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €336,976 | €404,863 | +€67,887 | +20.1% |
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 1 November 2026 via checked.be.