PEOPLE ADDED VALUE: 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.
PEOPLE ADDED VALUE
Largest movements
- Tangible fixed assets -€25,910
no longer reported in 2025 (was €25,910)
- Receivables within one year +€3,289
up €3,289 (+7.9%), from €41,676 to €44,965
of which Trade receivables: +€7,572
- Cash -€1,569
down €1,569 (-41.9%), from €3,747 to €2,178
mainly Tax, wage and social debts (-€10,710) and Other debts (-€5,825)
- Deferred charges and accrued income -€827
no longer reported in 2025 (was €827)
- Tax, wage and social debts -€10,710
down €10,710 (-51.6%), from €20,771 to €10,060
- Other debts -€5,825
no longer reported in 2025 (was €5,825)
- Debts after one year -€4,638
down €4,638 (-92.9%), from €4,995 to €357
- Current portion of long-term debt -€2,098
down €2,098 (-31.1%), from €6,736 to €4,638
- Profit (loss) carried forward -€1,798
down €1,798 (-6.6%), from €27,221 to €25,423
- Depreciation -€15,192
down €15,192 (-97.3%), from €15,620 to €428
- Gross operating margin -€6,586
down €6,586 (-34.1%), from €19,341 to €12,756
- Taxes -€4,450
down €4,450 (-57.5%), from €7,733 to €3,283
- Other operating charges -€1,142
down €1,142 (-57.7%), from €1,980 to €838
- Financial charges -€981
down €981 (-62.7%), from €1,566 to €584
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 | €72,160 | €47,143 | -€25,017 | -34.7% |
| Fixed assets | 21/28 | €25,910 | - | -€25,910 | |
| Tangible fixed assets | 22/27 | €25,910 | - | -€25,910 | |
| Furniture and vehicles | 24 | €25,910 | - | -€25,910 | |
| Current assets | 29/58 | €46,249 | €47,143 | +€894 | +1.9% |
| Amounts receivable within one year | 40/41 | €41,676 | €44,965 | +€3,289 | +7.9% |
| Trade receivables | 40 | €2,116 | €9,688 | +€7,572 | +358% |
| Other amounts receivable | 41 | €39,560 | €35,277 | -€4,283 | -10.8% |
| Cash at bank and in hand | 54/58 | €3,747 | €2,178 | -€1,569 | -41.9% |
| Deferred charges and accrued income | 490/1 | €827 | - | -€827 | |
| Total equity and liabilities | 10/49 | €72,160 | €47,143 | -€25,017 | -34.7% |
| Equity | 10/15 | €33,421 | €31,623 | -€1,798 | -5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,221 | €25,423 | -€1,798 | -6.6% |
| Amounts payable | 17/49 | €38,739 | €15,520 | -€23,219 | -59.9% |
| Amounts payable after more than one year | 17 | €4,995 | €357 | -€4,638 | -92.9% |
| Financial debts | 170/4 | €4,995 | €357 | -€4,638 | -92.9% |
| Amounts payable within one year | 42/48 | €33,744 | €15,163 | -€18,581 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €6,736 | €4,638 | -€2,098 | -31.1% |
| Trade debts | 44 | €412 | €465 | +€52 | +12.7% |
| Suppliers | 440/4 | €412 | €465 | +€52 | +12.7% |
| Taxes, remuneration and social security | 45 | €20,771 | €10,060 | -€10,710 | -51.6% |
| Taxes | 450/3 | €20,771 | €10,060 | -€10,710 | -51.6% |
| Other amounts payable | 47/48 | €5,825 | - | -€5,825 | |
| Non-recurring operating income | 76A | €1,499 | €1,987 | +€487 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,620 | €428 | -€15,192 | -97.3% |
| Other operating charges | 640/8 | €1,980 | €838 | -€1,142 | -57.7% |
| Non-recurring operating charges | 66A | €95 | €9,420 | +€9,325 | +9,816% |
| Gross operating margin | 9900 | €19,341 | €12,756 | -€6,586 | -34.1% |
| Operating profit (loss) | 9901 | €1,646 | €2,070 | +€424 | +25.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,566 | €584 | -€981 | -62.7% |
| Recurring financial charges | 65 | €1,566 | €584 | -€981 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €90 | €1,485 | +€1,395 | +1,542% |
| Income taxes | 67/77 | €7,733 | €3,283 | -€4,450 | -57.5% |
| Profit (loss) for the period | 9904 | -€7,643 | -€1,798 | +€5,845 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,643 | -€1,798 | +€5,845 | +76.5% |
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 23 October 2026 via checked.be.