People Excellence: 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 Excellence
Largest movements
- Receivables within one year -€5,802
down €5,802 (-26.0%), from €22,348 to €16,546
- Cash +€1,358
up €1,358 (+12.4%), from €10,906 to €12,263
mainly Receivables within one year (+€5,802)
- Trade debts -€3,160
down €3,160 (-12.4%), from €25,548 to €22,388
- Profit (loss) carried forward -€938
down €938 (-28.2%), from -€3,328 to -€4,266
- Tax, wage and social debts -€345
down €345 (-71.1%), from €484 to €140
- Gross operating margin -€2,468
down €2,468, from €2,308 to -€161
- Financial charges -€56
down €56 (-12.3%), from €454 to €398
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 | €33,302 | €28,858 | -€4,443 | -13.3% |
| Current assets | 29/58 | €33,302 | €28,858 | -€4,443 | -13.3% |
| Amounts receivable within one year | 40/41 | €22,348 | €16,546 | -€5,802 | -26.0% |
| Trade receivables | 40 | €22,348 | €16,546 | -€5,802 | -26.0% |
| Cash at bank and in hand | 54/58 | €10,906 | €12,263 | +€1,358 | +12.4% |
| Deferred charges and accrued income | 490/1 | €48 | €49 | +€2 | +3.3% |
| Total equity and liabilities | 10/49 | €33,302 | €28,858 | -€4,443 | -13.3% |
| Equity | 10/15 | €7,269 | €6,330 | -€938 | -12.9% |
| Contributions | 10/11 | €9,577 | €9,577 | = | 0.0% |
| Contributions outside capital | 11 | €9,577 | €9,577 | = | 0.0% |
| Other | 1109/19 | €9,577 | €9,577 | = | 0.0% |
| Reserves | 13 | €1,019 | €1,019 | = | 0.0% |
| Distributable reserves | 133 | €1,019 | €1,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,328 | -€4,266 | -€938 | -28.2% |
| Amounts payable | 17/49 | €26,033 | €22,528 | -€3,505 | -13.5% |
| Amounts payable within one year | 42/48 | €26,033 | €22,528 | -€3,505 | -13.5% |
| Trade debts | 44 | €25,548 | €22,388 | -€3,160 | -12.4% |
| Suppliers | 440/4 | €25,548 | €22,388 | -€3,160 | -12.4% |
| Taxes, remuneration and social security | 45 | €484 | €140 | -€345 | -71.1% |
| Taxes | 450/3 | €484 | €140 | -€345 | -71.1% |
| Other operating charges | 640/8 | €407 | €400 | -€7 | -1.8% |
| Gross operating margin | 9900 | €2,308 | -€161 | -€2,468 | |
| Operating profit (loss) | 9901 | €1,901 | -€560 | -€2,461 | |
| Financial income | 75/76B | €1 | €20 | +€19 | +1,729% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +1,729% |
| Financial charges | 65/66B | €454 | €398 | -€56 | -12.3% |
| Recurring financial charges | 65 | €454 | €398 | -€56 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €1,448 | -€938 | -€2,386 | |
| Profit (loss) for the period | 9904 | €1,448 | -€938 | -€2,386 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,448 | -€938 | -€2,386 |
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 31 October 2026 via checked.be.