PEOPLE: what changed
Two fiscal 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.
PEOPLE
Largest movements
- Financial fixed assets +€112,500
up €112,500 (+339.6%), from €33,125 to €145,625
- Receivables within one year +€9,207
up €9,207 (+33.2%), from €27,769 to €36,977
of which Other amounts receivable: +€9,643
- Cash +€6,153
up €6,153 (+18.4%), from €33,464 to €39,617
mainly Other debts (+€188,869) and Net result for the year (+€44,950)
- Other debts +€188,869
up €188,869 (+5488.6%), from €3,441 to €192,310
- Reserves -€65,504
down €65,504 (-100.0%), from €65,504 to €0
- Tax, wage and social debts +€14,186
up €14,186 (+133.2%), from €10,653 to €24,840
- Current portion of long-term debt -€8,467
down €8,467 (-74.8%), from €11,317 to €2,851
- Debts after one year -€2,851
down €2,851 (-100.0%), from €2,851 to €0
- Gross operating margin +€18,271
up €18,271 (+38.7%), from €47,209 to €65,480
- Taxes +€10,445
up €10,445 (+129.8%), from €8,048 to €18,493
- Financial charges +€981
up €981 (+199.9%), from €491 to €1,472
- Financial income +€671
up €671 (+251.0%), from €267 to €938
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.
Cash bridge derived
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 | €98,051 | €226,945 | +€128,894 | +131.5% |
| Fixed assets | 21/28 | €36,818 | €149,268 | +€112,450 | +305.4% |
| Tangible fixed assets | 22/27 | €3,693 | €3,643 | -€50 | -1.4% |
| Furniture and vehicles | 24 | €3,693 | €3,643 | -€50 | -1.4% |
| Financial fixed assets | 28 | €33,125 | €145,625 | +€112,500 | +339.6% |
| Current assets | 29/58 | €61,233 | €77,677 | +€16,444 | +26.9% |
| Amounts receivable within one year | 40/41 | €27,769 | €36,977 | +€9,207 | +33.2% |
| Trade receivables | 40 | €13,988 | €13,552 | -€436 | -3.1% |
| Other amounts receivable | 41 | €13,782 | €23,425 | +€9,643 | +70.0% |
| Cash at bank and in hand | 54/58 | €33,464 | €39,617 | +€6,153 | +18.4% |
| Deferred charges and accrued income | 490/1 | - | €1,084 | +€1,084 | |
| Total equity and liabilities | 10/49 | €98,051 | €226,945 | +€128,894 | +131.5% |
| Equity | 10/15 | €68,995 | €2,500 | -€66,495 | -96.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €65,504 | €0 | -€65,504 | -100.0% |
| Distributable reserves | 133 | €65,504 | €0 | -€65,504 | -100.0% |
| Profit (loss) carried forward | 14 | €992 | €0 | -€992 | -100.0% |
| Amounts payable | 17/49 | €29,056 | €224,445 | +€195,389 | +672.5% |
| Amounts payable after more than one year | 17 | €2,851 | €0 | -€2,851 | -100.0% |
| Financial debts | 170/4 | €2,851 | €0 | -€2,851 | -100.0% |
| Amounts payable within one year | 42/48 | €26,205 | €223,216 | +€197,011 | +751.8% |
| Current portion of amounts payable after more than one year | 42 | €11,317 | €2,851 | -€8,467 | -74.8% |
| Financial debts | 43 | €96 | €3 | -€93 | -96.9% |
| Credit institutions | 430/8 | €96 | €3 | -€93 | -96.9% |
| Trade debts | 44 | €698 | €3,212 | +€2,515 | +360.5% |
| Suppliers | 440/4 | €698 | €3,212 | +€2,515 | +360.5% |
| Taxes, remuneration and social security | 45 | €10,653 | €24,840 | +€14,186 | +133.2% |
| Taxes | 450/3 | €10,653 | €24,840 | +€14,186 | +133.2% |
| Other amounts payable | 47/48 | €3,441 | €192,310 | +€188,869 | +5488.6% |
| Accrued charges and deferred income | 492/3 | - | €1,229 | +€1,229 | |
| Remuneration, social security and pensions | 62 | €307 | €0 | -€307 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €557 | €959 | +€402 | +72.2% |
| Other operating charges | 640/8 | €680 | €544 | -€136 | -20.0% |
| Non-recurring operating charges | 66A | €9,402 | €0 | -€9,402 | -100.0% |
| Gross operating margin | 9900 | €47,209 | €65,480 | +€18,271 | +38.7% |
| Operating profit (loss) | 9901 | €36,263 | €63,977 | +€27,714 | +76.4% |
| Financial income | 75/76B | €267 | €938 | +€671 | +251.0% |
| Recurring financial income | 75 | €267 | €938 | +€671 | +251.0% |
| Financial charges | 65/66B | €491 | €1,472 | +€981 | +199.9% |
| Recurring financial charges | 65 | €491 | €1,472 | +€981 | +199.9% |
| Profit (loss) for the period before taxes | 9903 | €36,039 | €63,443 | +€27,403 | +76.0% |
| Income taxes | 67/77 | €8,048 | €18,493 | +€10,445 | +129.8% |
| Profit (loss) for the period | 9904 | €27,992 | €44,950 | +€16,959 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,992 | €44,950 | +€16,959 | +60.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.