PEOPLE MANAGEMENT SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€26,088
down €26,088 (-30.6%), from €85,154 to €59,066
of which Trade receivables: -€19,940
- Cash +€24,427
up €24,427 (+43.0%), from €56,873 to €81,300
mainly Receivables within one year (+€26,088) and Net result for the year (+€21,212)
- Tangible fixed assets -€8,296
down €8,296 (-21.0%), from €39,597 to €31,300
of which Leasing and similar rights: -€4,941
- Other debts +€12,000
up €12,000 (+66.7%), from €18,000 to €30,000
- Short-term financial debts -€9,427
down €9,427 (-100%), from €9,427 to €0
- Reserves -€9,000
down €9,000 (-6.7%), from €133,860 to €124,860
- Debts after one year -€2,801
down €2,801 (-41.1%), from €6,817 to €4,016
- Gross operating margin -€49,598
down €49,598 (-54.2%), from €91,526 to €41,929
- Other operating charges -€19,161
down €19,161 (-93.9%), from €20,406 to €1,245
- Taxes -€6,864
down €6,864 (-42.1%), from €16,287 to €9,423
- Financial charges -€3,657
down €3,657 (-74.8%), from €4,889 to €1,232
- Depreciation +€1,377
up €1,377 (+15.4%), from €8,919 to €10,296
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 | €201,076 | €190,886 | -€10,190 | -5.1% |
| Fixed assets | 21/28 | €39,892 | €31,596 | -€8,296 | -20.8% |
| Tangible fixed assets | 22/27 | €39,597 | €31,300 | -€8,296 | -21.0% |
| Plant, machinery and equipment | 23 | €19,239 | €15,244 | -€3,995 | -20.8% |
| Furniture and vehicles | 24 | €3,626 | €4,265 | +€640 | +17.6% |
| Leasing and similar rights | 25 | €16,732 | €11,791 | -€4,941 | -29.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €161,184 | €159,290 | -€1,894 | -1.2% |
| Amounts receivable within one year | 40/41 | €85,154 | €59,066 | -€26,088 | -30.6% |
| Trade receivables | 40 | €65,124 | €45,185 | -€19,940 | -30.6% |
| Other amounts receivable | 41 | €20,030 | €13,881 | -€6,149 | -30.7% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,873 | €81,300 | +€24,427 | +43.0% |
| Deferred charges and accrued income | 490/1 | €4,156 | €3,924 | -€232 | -5.6% |
| Total equity and liabilities | 10/49 | €201,076 | €190,886 | -€10,190 | -5.1% |
| Equity | 10/15 | €140,650 | €131,862 | -€8,788 | -6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,860 | €124,860 | -€9,000 | -6.7% |
| Distributable reserves | 133 | €133,860 | €124,860 | -€9,000 | -6.7% |
| Profit (loss) carried forward | 14 | €590 | €802 | +€212 | +35.9% |
| Amounts payable | 17/49 | €60,426 | €59,024 | -€1,402 | -2.3% |
| Amounts payable after more than one year | 17 | €6,817 | €4,016 | -€2,801 | -41.1% |
| Financial debts | 170/4 | €6,817 | €4,016 | -€2,801 | -41.1% |
| Amounts payable within one year | 42/48 | €53,316 | €54,715 | +€1,399 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €2,633 | €2,801 | +€168 | +6.4% |
| Financial debts | 43 | €9,427 | €0 | -€9,427 | -100% |
| Credit institutions | 430/8 | €9,427 | €0 | -€9,427 | -100% |
| Trade debts | 44 | €4,243 | €4,616 | +€374 | +8.8% |
| Suppliers | 440/4 | €4,243 | €4,616 | +€374 | +8.8% |
| Taxes, remuneration and social security | 45 | €19,014 | €17,298 | -€1,716 | -9.0% |
| Taxes | 450/3 | €14,414 | €12,699 | -€1,715 | -11.9% |
| Remuneration and social security | 454/9 | €4,600 | €4,599 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €18,000 | €30,000 | +€12,000 | +66.7% |
| Accrued charges and deferred income | 492/3 | €293 | €293 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,919 | €10,296 | +€1,377 | +15.4% |
| Other operating charges | 640/8 | €20,406 | €1,245 | -€19,161 | -93.9% |
| Gross operating margin | 9900 | €91,526 | €41,929 | -€49,598 | -54.2% |
| Operating profit (loss) | 9901 | €62,201 | €30,387 | -€31,814 | -51.1% |
| Financial income | 75/76B | €1,457 | €1,481 | +€24 | +1.6% |
| Recurring financial income | 75 | €1,457 | €1,481 | +€24 | +1.6% |
| Financial charges | 65/66B | €4,889 | €1,232 | -€3,657 | -74.8% |
| Recurring financial charges | 65 | €4,889 | €1,232 | -€3,657 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | €58,768 | €30,635 | -€28,133 | -47.9% |
| Income taxes | 67/77 | €16,287 | €9,423 | -€6,864 | -42.1% |
| Profit (loss) for the period | 9904 | €42,481 | €21,212 | -€21,269 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,481 | €21,212 | -€21,269 | -50.1% |
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 30 October 2026 via checked.be.