PEOPLE CIRCLE: 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 CIRCLE
Largest movements
- Tangible fixed assets +€22,833
up €22,833 (+1,148%), from €1,989 to €24,822
of which Furniture and vehicles: +€23,013
- Cash -€20,474
down €20,474 (-68.5%), from €29,873 to €9,399
mainly Contributions, distributions and other (-€30,000) and Investment in fixed assets (net) (-€25,222)
- Receivables within one year -€7,178
down €7,178 (-75.0%), from €9,567 to €2,389
of which Trade receivables: -€7,503
- Deferred charges and accrued income -€473
down €473 (-31.8%), from €1,486 to €1,013
- Tax, wage and social debts -€5,060
down €5,060 (-99.3%), from €5,096 to €37
- Trade debts -€1,661
down €1,661 (-100%), from €1,661 to €0
- Profit (loss) carried forward +€1,488
up €1,488 (+5.8%), from €25,701 to €27,188
- Gross operating margin +€9,161
up €9,161 (+24.4%), from €37,571 to €46,732
- Taxes +€1,961
up €1,961 (+19.2%), from €10,190 to €12,152
- Depreciation +€1,609
up €1,609 (+206%), from €780 to €2,389
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 | €42,915 | €37,623 | -€5,292 | -12.3% |
| Fixed assets | 21/28 | €1,989 | €24,822 | +€22,833 | +1,148% |
| Tangible fixed assets | 22/27 | €1,989 | €24,822 | +€22,833 | +1,148% |
| Furniture and vehicles | 24 | €776 | €23,789 | +€23,013 | +2,965% |
| Other tangible fixed assets | 26 | €1,213 | €1,032 | -€180 | -14.9% |
| Current assets | 29/58 | €40,927 | €12,801 | -€28,125 | -68.7% |
| Amounts receivable within one year | 40/41 | €9,567 | €2,389 | -€7,178 | -75.0% |
| Trade receivables | 40 | €7,503 | €0 | -€7,503 | -100% |
| Other amounts receivable | 41 | €2,064 | €2,389 | +€326 | +15.8% |
| Cash at bank and in hand | 54/58 | €29,873 | €9,399 | -€20,474 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,486 | €1,013 | -€473 | -31.8% |
| Total equity and liabilities | 10/49 | €42,915 | €37,623 | -€5,292 | -12.3% |
| Equity | 10/15 | €35,701 | €37,188 | +€1,488 | +4.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,701 | €27,188 | +€1,488 | +5.8% |
| Amounts payable | 17/49 | €7,215 | €435 | -€6,780 | -94.0% |
| Amounts payable within one year | 42/48 | €7,215 | €435 | -€6,780 | -94.0% |
| Trade debts | 44 | €1,661 | €0 | -€1,661 | -100% |
| Suppliers | 440/4 | €1,661 | €0 | -€1,661 | -100% |
| Taxes, remuneration and social security | 45 | €5,096 | €37 | -€5,060 | -99.3% |
| Taxes | 450/3 | €5,096 | €37 | -€5,060 | -99.3% |
| Other amounts payable | 47/48 | €457 | €398 | -€59 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780 | €2,389 | +€1,609 | +206% |
| Other operating charges | 640/8 | €779 | €572 | -€206 | -26.5% |
| Gross operating margin | 9900 | €37,571 | €46,732 | +€9,161 | +24.4% |
| Operating profit (loss) | 9901 | €36,012 | €43,771 | +€7,759 | +21.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €121 | €131 | +€10 | +8.3% |
| Recurring financial charges | 65 | €121 | €131 | +€10 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €35,891 | €43,640 | +€7,749 | +21.6% |
| Income taxes | 67/77 | €10,190 | €12,152 | +€1,961 | +19.2% |
| Profit (loss) for the period | 9904 | €25,701 | €31,488 | +€5,787 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,701 | €31,488 | +€5,787 | +22.5% |
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.