MOVING 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.
MOVING PEOPLE
Largest movements
- Receivables within one year +€106,319
up €106,319 (+12.2%), from €868,164 to €974,483
of which Trade receivables: +€106,075
- Deferred charges and accrued income +€54,087
up €54,087 (+32.6%), from €165,720 to €219,806
- Cash -€54,044
down €54,044 (-26.0%), from €207,876 to €153,832
mainly Short-term financial debts (-€293,544) and Contributions, distributions and other (-€200,000)
- Tangible fixed assets +€15,043
up €15,043 (+30.8%), from €48,878 to €63,921
of which Other tangible fixed assets: +€22,374
- Short-term financial debts -€293,544
down €293,544 (-53.6%), from €547,637 to €254,093
- Debts after one year +€197,171
up €197,171 (+373%), from €52,829 to €250,000
- Tax, wage and social debts +€132,865
up €132,865 (+102%), from €130,514 to €263,379
of which Taxes: +€132,476
- Trade debts +€125,468
up €125,468 (+118%), from €106,681 to €232,149
- Other debts -€111,338
no longer reported in 2025 (was €111,338)
- Write-downs -€94,711
no longer reported in 2025 (was €94,711)
- Taxes +€65,310
up €65,310 (+4,257%), from €1,534 to €66,844
- Financial charges -€22,268
down €22,268 (-39.0%), from €57,048 to €34,780
- Financial income +€22,079
up €22,079 (+70.7%), from €31,232 to €53,311
- Gross operating margin -€11,945
down €11,945 (-1.3%), from €898,331 to €886,386
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 | €1,290,773 | €1,412,178 | +€121,405 | +9.4% |
| Fixed assets | 21/28 | €48,903 | €63,946 | +€15,043 | +30.8% |
| Tangible fixed assets | 22/27 | €48,878 | €63,921 | +€15,043 | +30.8% |
| Plant, machinery and equipment | 23 | €4,861 | €3,971 | -€891 | -18.3% |
| Furniture and vehicles | 24 | €42,116 | €35,676 | -€6,441 | -15.3% |
| Other tangible fixed assets | 26 | €1,900 | €24,274 | +€22,374 | +1,178% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,241,871 | €1,348,233 | +€106,362 | +8.6% |
| Amounts receivable within one year | 40/41 | €868,164 | €974,483 | +€106,319 | +12.2% |
| Trade receivables | 40 | €76,155 | €182,230 | +€106,075 | +139% |
| Other amounts receivable | 41 | €792,009 | €792,253 | +€244 | 0.0% |
| Current investments | 50/53 | €111 | €112 | +€1 | +0.6% |
| Cash at bank and in hand | 54/58 | €207,876 | €153,832 | -€54,044 | -26.0% |
| Deferred charges and accrued income | 490/1 | €165,720 | €219,806 | +€54,087 | +32.6% |
| Total equity and liabilities | 10/49 | €1,290,773 | €1,412,178 | +€121,405 | +9.4% |
| Equity | 10/15 | €276,528 | €315,540 | +€39,012 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,799 | €29,799 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,939 | €27,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,129 | €267,141 | +€39,012 | +17.1% |
| Amounts payable | 17/49 | €1,014,245 | €1,096,638 | +€82,393 | +8.1% |
| Amounts payable after more than one year | 17 | €52,829 | €250,000 | +€197,171 | +373% |
| Financial debts | 170/4 | €52,829 | €250,000 | +€197,171 | +373% |
| Amounts payable within one year | 42/48 | €943,536 | €828,758 | -€114,778 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €47,366 | €79,138 | +€31,772 | +67.1% |
| Financial debts | 43 | €547,637 | €254,093 | -€293,544 | -53.6% |
| Credit institutions | 430/8 | €547,637 | €254,093 | -€293,544 | -53.6% |
| Trade debts | 44 | €106,681 | €232,149 | +€125,468 | +118% |
| Suppliers | 440/4 | €106,681 | €232,149 | +€125,468 | +118% |
| Taxes, remuneration and social security | 45 | €130,514 | €263,379 | +€132,865 | +102% |
| Taxes | 450/3 | €31,351 | €163,827 | +€132,476 | +423% |
| Remuneration and social security | 454/9 | €99,163 | €99,553 | +€390 | +0.4% |
| Other amounts payable | 47/48 | €111,338 | - | -€111,338 | |
| Accrued charges and deferred income | 492/3 | €17,880 | €17,880 | = | 0.0% |
| Non-recurring operating income | 76A | €9,091 | €8,139 | -€952 | -10.5% |
| Remuneration, social security and pensions | 62 | €583,528 | €580,031 | -€3,498 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,714 | €15,760 | +€6,045 | +62.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €94,711 | - | -€94,711 | |
| Other operating charges | 640/8 | €2,040 | €3,272 | +€1,232 | +60.4% |
| Non-recurring operating charges | 66A | €13,202 | - | -€13,202 | |
| Gross operating margin | 9900 | €898,331 | €886,386 | -€11,945 | -1.3% |
| Operating profit (loss) | 9901 | €195,135 | €287,324 | +€92,189 | +47.2% |
| Financial income | 75/76B | €31,232 | €53,311 | +€22,079 | +70.7% |
| Recurring financial income | 75 | €31,232 | €53,311 | +€22,079 | +70.7% |
| Financial charges | 65/66B | €57,048 | €34,780 | -€22,268 | -39.0% |
| Recurring financial charges | 65 | €57,048 | €34,780 | -€22,268 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €169,319 | €305,855 | +€136,537 | +80.6% |
| Income taxes | 67/77 | €1,534 | €66,844 | +€65,310 | +4,257% |
| Profit (loss) for the period | 9904 | €167,785 | €239,012 | +€71,227 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €167,785 | €239,012 | +€71,227 | +42.5% |
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 26 October 2026 via checked.be.