People mAnagement: 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 mAnagement
Largest movements
- Cash -€43,293
down €43,293 (-63.3%), from €68,431 to €25,138
mainly Contributions, distributions and other (-€73,076) and Receivables within one year (-€9,215)
- Receivables within one year +€9,215
up €9,215 (+74.4%), from €12,386 to €21,601
of which Trade receivables: +€8,283
- Tangible fixed assets +€3,529
up €3,529 (+175%), from €2,011 to €5,541
of which Furniture and vehicles: +€4,029
- Reserves -€54,410
down €54,410 (-96.2%), from €56,576 to €2,166
- Other debts +€19,661
up €19,661 (+704%), from €2,792 to €22,453
- Trade debts +€11,768
up €11,768 (+1,704%), from €691 to €12,459
- Tax, wage and social debts -€6,389
down €6,389 (-30.7%), from €20,834 to €14,445
- Short-term financial debts -€949
down €949 (-100%), from €949 to €0
- Gross operating margin -€12,163
down €12,163 (-30.0%), from €40,540 to €28,377
- Taxes -€2,410
down €2,410 (-28.2%), from €8,557 to €6,147
- Depreciation +€1,022
up €1,022 (+210%), from €487 to €1,510
- Financial charges -€428
down €428 (-20.3%), from €2,105 to €1,677
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 | €84,342 | €54,023 | -€30,319 | -35.9% |
| Fixed assets | 21/28 | €2,011 | €5,541 | +€3,529 | +175% |
| Tangible fixed assets | 22/27 | €2,011 | €5,541 | +€3,529 | +175% |
| Furniture and vehicles | 24 | - | €4,029 | +€4,029 | |
| Other tangible fixed assets | 26 | €2,011 | €1,511 | -€500 | -24.8% |
| Current assets | 29/58 | €82,330 | €48,482 | -€33,848 | -41.1% |
| Amounts receivable within one year | 40/41 | €12,386 | €21,601 | +€9,215 | +74.4% |
| Trade receivables | 40 | €12,377 | €20,660 | +€8,283 | +66.9% |
| Other amounts receivable | 41 | €10 | €941 | +€932 | +9,705% |
| Cash at bank and in hand | 54/58 | €68,431 | €25,138 | -€43,293 | -63.3% |
| Deferred charges and accrued income | 490/1 | €1,513 | €1,743 | +€230 | +15.2% |
| Total equity and liabilities | 10/49 | €84,342 | €54,023 | -€30,319 | -35.9% |
| Equity | 10/15 | €59,076 | €4,666 | -€54,410 | -92.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €56,576 | €2,166 | -€54,410 | -96.2% |
| Distributable reserves | 133 | €56,576 | €2,166 | -€54,410 | -96.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,266 | €49,357 | +€24,091 | +95.4% |
| Amounts payable within one year | 42/48 | €25,266 | €49,357 | +€24,091 | +95.4% |
| Financial debts | 43 | €949 | €0 | -€949 | -100% |
| Credit institutions | 430/8 | €949 | €0 | -€949 | -100% |
| Trade debts | 44 | €691 | €12,459 | +€11,768 | +1,704% |
| Suppliers | 440/4 | €691 | €12,459 | +€11,768 | +1,704% |
| Taxes, remuneration and social security | 45 | €20,834 | €14,445 | -€6,389 | -30.7% |
| Taxes | 450/3 | €20,834 | €14,445 | -€6,389 | -30.7% |
| Other amounts payable | 47/48 | €2,792 | €22,453 | +€19,661 | +704% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €1,510 | +€1,022 | +210% |
| Other operating charges | 640/8 | €834 | €909 | +€75 | +9.0% |
| Gross operating margin | 9900 | €40,540 | €28,377 | -€12,163 | -30.0% |
| Operating profit (loss) | 9901 | €39,218 | €25,959 | -€13,260 | -33.8% |
| Financial income | 75/76B | €329 | €531 | +€202 | +61.3% |
| Recurring financial income | 75 | €329 | €531 | +€202 | +61.3% |
| Financial charges | 65/66B | €2,105 | €1,677 | -€428 | -20.3% |
| Recurring financial charges | 65 | €2,105 | €1,677 | -€428 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €37,443 | €24,813 | -€12,630 | -33.7% |
| Income taxes | 67/77 | €8,557 | €6,147 | -€2,410 | -28.2% |
| Profit (loss) for the period | 9904 | €28,886 | €18,666 | -€10,220 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,886 | €18,666 | -€10,220 | -35.4% |
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 1 November 2026 via checked.be.