PEOPLE FORWARD: 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 FORWARD
Largest movements
- Cash +€23,421
up €23,421 (+207%), from €11,310 to €34,731
mainly Net result for the year (+€21,890) and Tax, wage and social debts (+€19,063)
- Deferred charges and accrued income +€20,105
up €20,105 (+2,581%), from €779 to €20,884
- Tangible fixed assets -€6,574
down €6,574 (-16.0%), from €41,155 to €34,581
of which Furniture and vehicles: -€4,917
- Receivables within one year -€1,728
down €1,728 (-10.2%), from €16,980 to €15,252
of which Trade receivables: -€1,726
- Reserves +€21,000
up €21,000 (+37.8%), from €55,625 to €76,625
of which Distributable reserves: +€21,000
- Tax, wage and social debts +€19,063
up €19,063 (+333%), from €5,730 to €24,793
- Other debts -€8,671
down €8,671 (-80.2%), from €10,808 to €2,137
- Trade debts +€6,696
up €6,696 (+1,170%), from €572 to €7,268
- Short-term financial debts -€3,846
down €3,846 (-52.2%), from €7,373 to €3,526
- Gross operating margin +€22,953
up €22,953 (+119%), from €19,296 to €42,250
- Taxes +€7,582
up €7,582 (+240%), from €3,161 to €10,744
- Depreciation +€571
up €571 (+7.2%), from €7,893 to €8,464
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 | €70,316 | €105,448 | +€35,132 | +50.0% |
| Formation expenses | 20 | €92 | - | -€92 | |
| Fixed assets | 21/28 | €41,155 | €34,581 | -€6,574 | -16.0% |
| Tangible fixed assets | 22/27 | €41,155 | €34,581 | -€6,574 | -16.0% |
| Plant, machinery and equipment | 23 | €29,414 | €27,757 | -€1,657 | -5.6% |
| Furniture and vehicles | 24 | €11,741 | €6,824 | -€4,917 | -41.9% |
| Current assets | 29/58 | €29,069 | €70,867 | +€41,798 | +144% |
| Amounts receivable within one year | 40/41 | €16,980 | €15,252 | -€1,728 | -10.2% |
| Trade receivables | 40 | €16,977 | €15,252 | -€1,726 | -10.2% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €11,310 | €34,731 | +€23,421 | +207% |
| Deferred charges and accrued income | 490/1 | €779 | €20,884 | +€20,105 | +2,581% |
| Total equity and liabilities | 10/49 | €70,316 | €105,448 | +€35,132 | +50.0% |
| Equity | 10/15 | €45,834 | €67,724 | +€21,890 | +47.8% |
| Contributions | 10/11 | €12,475 | €12,475 | = | 0.0% |
| Reserves | 13 | €55,625 | €76,625 | +€21,000 | +37.8% |
| 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 | €53,765 | €74,765 | +€21,000 | +39.1% |
| Profit (loss) carried forward | 14 | -€22,266 | -€21,376 | +€890 | +4.0% |
| Amounts payable | 17/49 | €24,482 | €37,724 | +€13,242 | +54.1% |
| Amounts payable within one year | 42/48 | €24,482 | €37,724 | +€13,242 | +54.1% |
| Financial debts | 43 | €7,373 | €3,526 | -€3,846 | -52.2% |
| Credit institutions | 430/8 | €7,373 | €3,526 | -€3,846 | -52.2% |
| Trade debts | 44 | €572 | €7,268 | +€6,696 | +1,170% |
| Suppliers | 440/4 | €572 | €7,268 | +€6,696 | +1,170% |
| Taxes, remuneration and social security | 45 | €5,730 | €24,793 | +€19,063 | +333% |
| Taxes | 450/3 | €5,730 | €24,793 | +€19,063 | +333% |
| Other amounts payable | 47/48 | €10,808 | €2,137 | -€8,671 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,893 | €8,464 | +€571 | +7.2% |
| Other operating charges | 640/8 | €803 | €922 | +€119 | +14.8% |
| Non-recurring operating charges | 66A | €118 | €213 | +€95 | +80.6% |
| Gross operating margin | 9900 | €19,296 | €42,250 | +€22,953 | +119% |
| Operating profit (loss) | 9901 | €10,482 | €32,650 | +€22,168 | +211% |
| Financial income | 75/76B | €83 | €246 | +€163 | +196% |
| Recurring financial income | 75 | €83 | €246 | +€163 | +196% |
| Financial charges | 65/66B | €575 | €262 | -€313 | -54.4% |
| Recurring financial charges | 65 | €575 | €262 | -€313 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €9,990 | €32,634 | +€22,644 | +227% |
| Income taxes | 67/77 | €3,161 | €10,744 | +€7,582 | +240% |
| Profit (loss) for the period | 9904 | €6,828 | €21,890 | +€15,061 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €6,828 | €21,890 | +€15,061 | +221% |
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 17 October 2026 via checked.be.