People Minded: 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 Minded
Largest movements
- Cash +€21,022
up €21,022 (+41.0%), from €51,213 to €72,235
mainly Net result for the year (+€22,277) and Other debts (+€20,400)
- Tangible fixed assets -€14,772
down €14,772 (-49.9%), from €29,615 to €14,843
- Receivables within one year -€4,443
down €4,443 (-14.9%), from €29,791 to €25,348
of which Other amounts receivable: -€5,351
- Other debts +€20,400
up €20,400 (+1,087%), from €1,877 to €22,277
- Reserves -€10,000
down €10,000 (-11.7%), from €85,342 to €75,342
- Trade debts -€3,826
down €3,826 (-62.8%), from €6,095 to €2,269
- Current portion of long-term debt -€3,788
no longer reported in 2025 (was €3,788)
- Gross operating margin +€19,413
up €19,413 (+72.1%), from €26,909 to €46,322
- Taxes +€2,706
up €2,706 (+54.5%), from €4,969 to €7,675
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 | €112,782 | €115,227 | +€2,445 | +2.2% |
| Fixed assets | 21/28 | €29,615 | €14,843 | -€14,772 | -49.9% |
| Tangible fixed assets | 22/27 | €29,615 | €14,843 | -€14,772 | -49.9% |
| Furniture and vehicles | 24 | €29,615 | €14,843 | -€14,772 | -49.9% |
| Current assets | 29/58 | €83,168 | €100,385 | +€17,217 | +20.7% |
| Amounts receivable within one year | 40/41 | €29,791 | €25,348 | -€4,443 | -14.9% |
| Trade receivables | 40 | €12,705 | €13,613 | +€908 | +7.1% |
| Other amounts receivable | 41 | €17,086 | €11,736 | -€5,351 | -31.3% |
| Cash at bank and in hand | 54/58 | €51,213 | €72,235 | +€21,022 | +41.0% |
| Deferred charges and accrued income | 490/1 | €2,163 | €2,802 | +€639 | +29.5% |
| Total equity and liabilities | 10/49 | €112,782 | €115,227 | +€2,445 | +2.2% |
| Equity | 10/15 | €92,239 | €82,239 | -€10,000 | -10.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €85,342 | €75,342 | -€10,000 | -11.7% |
| Distributable reserves | 133 | €85,342 | €75,342 | -€10,000 | -11.7% |
| Profit (loss) carried forward | 14 | €6,398 | €6,398 | = | 0.0% |
| Amounts payable | 17/49 | €20,543 | €32,988 | +€12,445 | +60.6% |
| Amounts payable within one year | 42/48 | €16,943 | €30,388 | +€13,445 | +79.4% |
| Current portion of amounts payable after more than one year | 42 | €3,788 | - | -€3,788 | |
| Financial debts | 43 | €90 | - | -€90 | |
| Credit institutions | 430/8 | €90 | - | -€90 | |
| Trade debts | 44 | €6,095 | €2,269 | -€3,826 | -62.8% |
| Suppliers | 440/4 | €6,095 | €2,269 | -€3,826 | -62.8% |
| Taxes, remuneration and social security | 45 | €5,092 | €5,842 | +€750 | +14.7% |
| Taxes | 450/3 | €5,092 | €5,842 | +€750 | +14.7% |
| Other amounts payable | 47/48 | €1,877 | €22,277 | +€20,400 | +1,087% |
| Accrued charges and deferred income | 492/3 | €3,600 | €2,600 | -€1,000 | -27.8% |
| Non-recurring operating income | 76A | - | €124 | +€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,250 | €15,115 | -€135 | -0.9% |
| Other operating charges | 640/8 | €763 | €892 | +€129 | +16.9% |
| Non-recurring operating charges | 66A | - | €222 | +€222 | |
| Gross operating margin | 9900 | €26,909 | €46,322 | +€19,413 | +72.1% |
| Operating profit (loss) | 9901 | €10,896 | €30,093 | +€19,198 | +176% |
| Financial income | 75/76B | €18 | €17 | -€1 | -3.8% |
| Recurring financial income | 75 | €18 | €17 | -€1 | -3.8% |
| Financial charges | 65/66B | €253 | €159 | -€94 | -37.2% |
| Recurring financial charges | 65 | €253 | €159 | -€94 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €10,661 | €29,952 | +€19,291 | +181% |
| Income taxes | 67/77 | €4,969 | €7,675 | +€2,706 | +54.5% |
| Profit (loss) for the period | 9904 | €5,692 | €22,277 | +€16,585 | +291% |
| Profit (loss) for the period to be appropriated | 9905 | €5,692 | €22,277 | +€16,585 | +291% |
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.