People Centric: 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 Centric
Largest movements
- Cash +€48,560
up €48,560 (+41.5%), from €116,933 to €165,493
mainly Net result for the year (+€24,000) and Tax, wage and social debts (+€14,284)
- Receivables within one year -€11,098
down €11,098 (-7.3%), from €151,191 to €140,092
of which Trade receivables: -€53,985
- Reserves +€24,000
up €24,000 (+89.4%), from €26,860 to €50,860
of which Distributable reserves: +€24,000
- Tax, wage and social debts +€14,284
up €14,284 (+92.2%), from €15,488 to €29,773
- Gross operating margin -€78,072
down €78,072 (-65.7%), from €118,877 to €40,805
- Financial charges -€72,113
down €72,113 (-94.9%), from €75,997 to €3,884
- Taxes -€3,235
down €3,235 (-20.8%), from €15,526 to €12,291
- Financial income +€1,367
up €1,367 (+32.5%), from €4,212 to €5,580
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 | €279,519 | €317,384 | +€37,864 | +13.5% |
| Fixed assets | 21/28 | €9,021 | €9,575 | +€554 | +6.1% |
| Tangible fixed assets | 22/27 | €9,021 | €9,575 | +€554 | +6.1% |
| Plant, machinery and equipment | 23 | €3,376 | €2,328 | -€1,048 | -31.0% |
| Furniture and vehicles | 24 | €5,646 | €7,248 | +€1,602 | +28.4% |
| Current assets | 29/58 | €270,498 | €307,808 | +€37,310 | +13.8% |
| Amounts receivable within one year | 40/41 | €151,191 | €140,092 | -€11,098 | -7.3% |
| Trade receivables | 40 | €79,930 | €25,945 | -€53,985 | -67.5% |
| Other amounts receivable | 41 | €71,261 | €114,148 | +€42,886 | +60.2% |
| Cash at bank and in hand | 54/58 | €116,933 | €165,493 | +€48,560 | +41.5% |
| Deferred charges and accrued income | 490/1 | €2,375 | €2,223 | -€152 | -6.4% |
| Total equity and liabilities | 10/49 | €279,519 | €317,384 | +€37,864 | +13.5% |
| Equity | 10/15 | €260,767 | €284,766 | +€24,000 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €50,860 | +€24,000 | +89.4% |
| 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 | €25,000 | €49,000 | +€24,000 | +96.0% |
| Profit (loss) carried forward | 14 | €227,707 | €227,706 | -€0 | 0.0% |
| Amounts payable | 17/49 | €18,753 | €32,617 | +€13,865 | +73.9% |
| Amounts payable within one year | 42/48 | €18,753 | €32,617 | +€13,865 | +73.9% |
| Trade debts | 44 | €3,264 | €2,845 | -€420 | -12.9% |
| Suppliers | 440/4 | €3,264 | €2,845 | -€420 | -12.9% |
| Taxes, remuneration and social security | 45 | €15,488 | €29,773 | +€14,284 | +92.2% |
| Taxes | 450/3 | €15,488 | €29,773 | +€14,284 | +92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,920 | €5,134 | +€214 | +4.4% |
| Other operating charges | 640/8 | €1,218 | €1,076 | -€142 | -11.7% |
| Gross operating margin | 9900 | €118,877 | €40,805 | -€78,072 | -65.7% |
| Operating profit (loss) | 9901 | €112,739 | €34,595 | -€78,144 | -69.3% |
| Financial income | 75/76B | €4,212 | €5,580 | +€1,367 | +32.5% |
| Recurring financial income | 75 | €4,212 | €5,580 | +€1,367 | +32.5% |
| Financial charges | 65/66B | €75,997 | €3,884 | -€72,113 | -94.9% |
| Recurring financial charges | 65 | €75,997 | €3,884 | -€72,113 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €40,954 | €36,290 | -€4,664 | -11.4% |
| Income taxes | 67/77 | €15,526 | €12,291 | -€3,235 | -20.8% |
| Profit (loss) for the period | 9904 | €25,428 | €24,000 | -€1,428 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,428 | €24,000 | -€1,428 | -5.6% |
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 8 October 2026 via checked.be.