P4PEOPLE: 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.
P4PEOPLE
Largest movements
- Receivables within one year +€54,100
up €54,100 (+269%), from €20,104 to €74,204
of which Trade receivables: +€63,293
- Tangible fixed assets -€50,817
down €50,817 (-6.3%), from €811,406 to €760,589
of which Furniture and vehicles: -€28,213
- Debts after one year -€50,854
down €50,854 (-10.1%), from €504,156 to €453,302
- Short-term financial debts +€26,634
up €26,634 (+791%), from €3,366 to €30,000
- Trade debts +€18,345
up €18,345 (+34.7%), from €52,822 to €71,167
- Other debts +€17,713
up €17,713 (+443%), from €4,000 to €21,714
- Tax, wage and social debts -€10,707
down €10,707 (-29.7%), from €36,043 to €25,336
of which Taxes: -€10,707
- Gross operating margin -€34,256
down €34,256 (-33.0%), from €103,847 to €69,591
- Depreciation -€14,104
down €14,104 (-34.0%), from €41,466 to €27,362
- Staff costs -€10,108
down €10,108 (-100%), from €10,108 to €0
- Taxes -€5,840
down €5,840 (-69.5%), from €8,403 to €2,563
- Financial charges -€1,543
down €1,543 (-8.5%), from €18,216 to €16,673
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 | €841,870 | €840,628 | -€1,242 | -0.1% |
| Fixed assets | 21/28 | €811,406 | €760,589 | -€50,817 | -6.3% |
| Tangible fixed assets | 22/27 | €811,406 | €760,589 | -€50,817 | -6.3% |
| Land and buildings | 22 | €771,206 | €749,181 | -€22,025 | -2.9% |
| Plant, machinery and equipment | 23 | €1,919 | €1,340 | -€579 | -30.2% |
| Furniture and vehicles | 24 | €38,281 | €10,068 | -€28,213 | -73.7% |
| Current assets | 29/58 | €30,465 | €80,040 | +€49,575 | +163% |
| Amounts receivable within one year | 40/41 | €20,104 | €74,204 | +€54,100 | +269% |
| Trade receivables | 40 | €3,803 | €67,096 | +€63,293 | +1,664% |
| Other amounts receivable | 41 | €16,301 | €7,108 | -€9,193 | -56.4% |
| Cash at bank and in hand | 54/58 | €4,806 | €2,484 | -€2,323 | -48.3% |
| Deferred charges and accrued income | 490/1 | €5,555 | €3,352 | -€2,203 | -39.7% |
| Total equity and liabilities | 10/49 | €841,870 | €840,628 | -€1,242 | -0.1% |
| Equity | 10/15 | €183,411 | €187,424 | +€4,013 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €175,493 | €179,493 | +€4,000 | +2.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €13,433 | €13,433 | = | 0.0% |
| Distributable reserves | 133 | €162,060 | €166,060 | +€4,000 | +2.5% |
| Profit (loss) carried forward | 14 | €1,718 | €1,732 | +€13 | +0.8% |
| Amounts payable | 17/49 | €658,459 | €653,204 | -€5,255 | -0.8% |
| Amounts payable after more than one year | 17 | €504,156 | €453,302 | -€50,854 | -10.1% |
| Financial debts | 170/4 | €504,156 | €453,302 | -€50,854 | -10.1% |
| Amounts payable within one year | 42/48 | €147,286 | €199,071 | +€51,784 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €51,055 | €50,854 | -€202 | -0.4% |
| Financial debts | 43 | €3,366 | €30,000 | +€26,634 | +791% |
| Credit institutions | 430/8 | €3,366 | €30,000 | +€26,634 | +791% |
| Trade debts | 44 | €52,822 | €71,167 | +€18,345 | +34.7% |
| Suppliers | 440/4 | €52,822 | €71,167 | +€18,345 | +34.7% |
| Taxes, remuneration and social security | 45 | €36,043 | €25,336 | -€10,707 | -29.7% |
| Taxes | 450/3 | €36,043 | €25,336 | -€10,707 | -29.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,000 | €21,714 | +€17,713 | +443% |
| Accrued charges and deferred income | 492/3 | €7,018 | €832 | -€6,186 | -88.1% |
| Remuneration, social security and pensions | 62 | €10,108 | €0 | -€10,108 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,466 | €27,362 | -€14,104 | -34.0% |
| Other operating charges | 640/8 | €7,049 | €7,712 | +€663 | +9.4% |
| Non-recurring operating charges | 66A | - | €11,306 | +€11,306 | |
| Gross operating margin | 9900 | €103,847 | €69,591 | -€34,256 | -33.0% |
| Operating profit (loss) | 9901 | €45,224 | €23,211 | -€22,013 | -48.7% |
| Financial income | 75/76B | €15 | €37 | +€22 | +153% |
| Recurring financial income | 75 | €15 | €37 | +€22 | +153% |
| Financial charges | 65/66B | €18,216 | €16,673 | -€1,543 | -8.5% |
| Recurring financial charges | 65 | €18,216 | €16,673 | -€1,543 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €27,023 | €6,576 | -€20,447 | -75.7% |
| Income taxes | 67/77 | €8,403 | €2,563 | -€5,840 | -69.5% |
| Profit (loss) for the period | 9904 | €18,620 | €4,013 | -€14,606 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,620 | €4,013 | -€14,606 | -78.4% |
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 22 October 2026 via checked.be.