PEOPLE DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Receivables within one year +€3,803
up €3,803 (+36.7%), from €10,373 to €14,176
of which Other amounts receivable: +€6,430
- Current investments -€2,970
down €2,970 (-4.3%), from €69,340 to €66,370
- Tangible fixed assets -€1,158
down €1,158 (-8.4%), from €13,750 to €12,592
of which Furniture and vehicles: -€1,650
- Reserves +€9,748
up €9,748 (+11.9%), from €82,222 to €91,970
- Tax, wage and social debts -€3,653
down €3,653 (-45.5%), from €8,021 to €4,369
of which Taxes: -€3,036
- Trade debts -€3,330
down €3,330 (-68.6%), from €4,856 to €1,526
- Other debts -€2,733
down €2,733 (-96.9%), from €2,819 to €86
- Gross operating margin -€10,475
down €10,475 (-25.8%), from €40,581 to €30,106
- Taxes -€2,443
down €2,443 (-27.4%), from €8,908 to €6,464
- Other operating charges -€1,828
down €1,828 (-15.1%), from €12,125 to €10,297
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,816 | €100,848 | +€32 | 0.0% |
| Fixed assets | 21/28 | €14,230 | €13,072 | -€1,158 | -8.1% |
| Tangible fixed assets | 22/27 | €13,750 | €12,592 | -€1,158 | -8.4% |
| Plant, machinery and equipment | 23 | €1,874 | €3,650 | +€1,776 | +94.8% |
| Furniture and vehicles | 24 | €3,498 | €1,847 | -€1,650 | -47.2% |
| Other tangible fixed assets | 26 | €8,378 | €7,094 | -€1,284 | -15.3% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €86,586 | €87,776 | +€1,190 | +1.4% |
| Amounts receivable within one year | 40/41 | €10,373 | €14,176 | +€3,803 | +36.7% |
| Trade receivables | 40 | €9,976 | €7,349 | -€2,627 | -26.3% |
| Other amounts receivable | 41 | €397 | €6,827 | +€6,430 | +1618.1% |
| Current investments | 50/53 | €69,340 | €66,370 | -€2,970 | -4.3% |
| Cash at bank and in hand | 54/58 | €5,467 | €5,813 | +€346 | +6.3% |
| Deferred charges and accrued income | 490/1 | €1,406 | €1,417 | +€10 | +0.7% |
| Total equity and liabilities | 10/49 | €100,816 | €100,848 | +€32 | 0.0% |
| Equity | 10/15 | €85,119 | €94,867 | +€9,748 | +11.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €82,222 | €91,970 | +€9,748 | +11.9% |
| Distributable reserves | 133 | €82,222 | €91,970 | +€9,748 | +11.9% |
| Profit (loss) carried forward | 14 | €897 | €897 | = | 0.0% |
| Amounts payable | 17/49 | €15,697 | €5,981 | -€9,716 | -61.9% |
| Amounts payable within one year | 42/48 | €15,697 | €5,981 | -€9,716 | -61.9% |
| Trade debts | 44 | €4,856 | €1,526 | -€3,330 | -68.6% |
| Suppliers | 440/4 | €4,856 | €1,526 | -€3,330 | -68.6% |
| Taxes, remuneration and social security | 45 | €8,021 | €4,369 | -€3,653 | -45.5% |
| Taxes | 450/3 | €5,755 | €2,719 | -€3,036 | -52.8% |
| Remuneration and social security | 454/9 | €2,266 | €1,649 | -€617 | -27.2% |
| Other amounts payable | 47/48 | €2,819 | €86 | -€2,733 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,106 | €4,158 | +€52 | +1.3% |
| Other operating charges | 640/8 | €12,125 | €10,297 | -€1,828 | -15.1% |
| Gross operating margin | 9900 | €40,581 | €30,106 | -€10,475 | -25.8% |
| Operating profit (loss) | 9901 | €24,350 | €15,651 | -€8,699 | -35.7% |
| Financial income | 75/76B | €246 | €561 | +€315 | +128.5% |
| Recurring financial income | 75 | €246 | €561 | +€315 | +128.5% |
| Financial charges | 65/66B | €0 | €0 | -€0 | -44.4% |
| Recurring financial charges | 65 | €0 | €0 | -€0 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €24,595 | €16,212 | -€8,384 | -34.1% |
| Income taxes | 67/77 | €8,908 | €6,464 | -€2,443 | -27.4% |
| Profit (loss) for the period | 9904 | €15,688 | €9,748 | -€5,940 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,688 | €9,748 | -€5,940 | -37.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.