PEOPLE CHOICE: 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 CHOICE
Largest movements
- Receivables within one year -€10,066
down €10,066 (-14.2%), from €70,842 to €60,776
of which Other amounts receivable: -€22,372
- Intangible fixed assets +€9,679
new in 2025: €9,679
- Cash -€6,312
down €6,312 (-53.8%), from €11,737 to €5,425
mainly Other debts (-€19,303) and Tax, wage and social debts (-€12,356)
- Tangible fixed assets +€1,331
new in 2025: €1,331
- Deferred charges and accrued income +€1,216
up €1,216, from €0 to €1,216
- Other debts -€19,303
down €19,303 (-68.0%), from €28,407 to €9,104
- Tax, wage and social debts -€12,356
down €12,356 (-89.6%), from €13,795 to €1,439
- Profit (loss) carried forward +€12,347
up €12,347, from €0 to €12,347
- Current portion of long-term debt +€7,914
new in 2025: €7,914
- Trade debts +€7,246
up €7,246 (+27.1%), from €26,744 to €33,989
- Gross operating margin -€19,774
down €19,774 (-51.6%), from €38,333 to €18,559
- Taxes -€5,262
down €5,262 (-55.9%), from €9,406 to €4,145
- Depreciation +€702
up €702, from €0 to €702
- Other operating charges +€616
up €616 (+109%), from €564 to €1,179
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 | €82,579 | €78,427 | -€4,152 | -5.0% |
| Fixed assets | 21/28 | - | €11,010 | +€11,010 | |
| Intangible fixed assets | 21 | - | €9,679 | +€9,679 | |
| Tangible fixed assets | 22/27 | - | €1,331 | +€1,331 | |
| Plant, machinery and equipment | 23 | - | €1,331 | +€1,331 | |
| Current assets | 29/58 | €82,579 | €67,417 | -€15,162 | -18.4% |
| Amounts receivable within one year | 40/41 | €70,842 | €60,776 | -€10,066 | -14.2% |
| Trade receivables | 40 | €44,701 | €57,007 | +€12,306 | +27.5% |
| Other amounts receivable | 41 | €26,142 | €3,769 | -€22,372 | -85.6% |
| Cash at bank and in hand | 54/58 | €11,737 | €5,425 | -€6,312 | -53.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,216 | +€1,216 | |
| Total equity and liabilities | 10/49 | €82,579 | €78,427 | -€4,152 | -5.0% |
| Equity | 10/15 | €13,634 | €25,981 | +€12,347 | +90.6% |
| Contributions | 10/11 | €13,634 | €13,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €12,347 | +€12,347 | |
| Amounts payable | 17/49 | €68,945 | €52,446 | -€16,499 | -23.9% |
| Amounts payable within one year | 42/48 | €68,945 | €52,446 | -€16,499 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,914 | +€7,914 | |
| Trade debts | 44 | €26,744 | €33,989 | +€7,246 | +27.1% |
| Suppliers | 440/4 | €26,744 | €33,989 | +€7,246 | +27.1% |
| Taxes, remuneration and social security | 45 | €13,795 | €1,439 | -€12,356 | -89.6% |
| Taxes | 450/3 | €13,795 | €1,439 | -€12,356 | -89.6% |
| Other amounts payable | 47/48 | €28,407 | €9,104 | -€19,303 | -68.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €702 | +€702 | |
| Other operating charges | 640/8 | €564 | €1,179 | +€616 | +109% |
| Gross operating margin | 9900 | €38,333 | €18,559 | -€19,774 | -51.6% |
| Operating profit (loss) | 9901 | €37,769 | €16,678 | -€21,091 | -55.8% |
| Financial income | 75/76B | €30 | €117 | +€87 | +288% |
| Recurring financial income | 75 | €30 | €117 | +€87 | +288% |
| Financial charges | 65/66B | €259 | €303 | +€44 | +16.9% |
| Recurring financial charges | 65 | €259 | €303 | +€44 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €37,540 | €16,492 | -€21,048 | -56.1% |
| Income taxes | 67/77 | €9,406 | €4,145 | -€5,262 | -55.9% |
| Profit (loss) for the period | 9904 | €28,134 | €12,347 | -€15,787 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,134 | €12,347 | -€15,787 | -56.1% |
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 15 October 2026 via checked.be.