People & Vision: 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 & Vision
Largest movements
- Receivables after one year -€147,372
down €147,372 (-49.1%), from €300,000 to €152,628
- Cash -€121,270
down €121,270 (-29.4%), from €412,022 to €290,752
mainly Other debts (-€299,944) and Contributions, distributions and other (-€115,725)
- Deferred charges and accrued income -€15,463
down €15,463 (-77.6%), from €19,919 to €4,456
- Other debts -€299,944
down €299,944 (-55.9%), from €536,558 to €236,614
- Tax, wage and social debts +€12,563
up €12,563 (+464.6%), from €2,704 to €15,267
- Gross operating margin -€74,902
down €74,902 (-24.6%), from €304,707 to €229,805
- Taxes -€21,556
down €21,556 (-36.4%), from €59,165 to €37,608
- Other operating charges +€4,285
up €4,285 (+185.7%), from €2,307 to €6,592
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.
Cash bridge derived
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 | €1,114,830 | €823,935 | -€290,896 | -26.1% |
| Fixed assets | 21/28 | €320,144 | €312,145 | -€8,000 | -2.5% |
| Tangible fixed assets | 22/27 | €320,144 | €312,145 | -€8,000 | -2.5% |
| Land and buildings | 22 | €284,355 | €277,217 | -€7,138 | -2.5% |
| Plant, machinery and equipment | 23 | €982 | €751 | -€231 | -23.5% |
| Furniture and vehicles | 24 | €27,315 | €26,684 | -€631 | -2.3% |
| Other tangible fixed assets | 26 | €7,492 | €7,492 | = | 0.0% |
| Current assets | 29/58 | €794,686 | €511,790 | -€282,896 | -35.6% |
| Amounts receivable after more than one year | 29 | €300,000 | €152,628 | -€147,372 | -49.1% |
| Trade receivables | 290 | €300,000 | €152,628 | -€147,372 | -49.1% |
| Amounts receivable within one year | 40/41 | €62,745 | €63,955 | +€1,210 | +1.9% |
| Trade receivables | 40 | €39,325 | €46,549 | +€7,224 | +18.4% |
| Other amounts receivable | 41 | €23,420 | €17,406 | -€6,014 | -25.7% |
| Cash at bank and in hand | 54/58 | €412,022 | €290,752 | -€121,270 | -29.4% |
| Deferred charges and accrued income | 490/1 | €19,919 | €4,456 | -€15,463 | -77.6% |
| Total equity and liabilities | 10/49 | €1,114,830 | €823,935 | -€290,896 | -26.1% |
| Equity | 10/15 | €570,646 | €570,646 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €560,646 | €560,646 | = | 0.0% |
| Distributable reserves | 133 | €560,646 | €560,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €544,184 | €253,289 | -€290,896 | -53.5% |
| Amounts payable within one year | 42/48 | €544,184 | €253,289 | -€290,896 | -53.5% |
| Financial debts | 43 | €31 | €0 | -€31 | -100.0% |
| Credit institutions | 430/8 | €31 | €0 | -€31 | -100.0% |
| Trade debts | 44 | €4,892 | €1,408 | -€3,484 | -71.2% |
| Suppliers | 440/4 | €4,892 | €1,408 | -€3,484 | -71.2% |
| Taxes, remuneration and social security | 45 | €2,704 | €15,267 | +€12,563 | +464.6% |
| Taxes | 450/3 | €2,704 | €15,267 | +€12,563 | +464.6% |
| Other amounts payable | 47/48 | €536,558 | €236,614 | -€299,944 | -55.9% |
| Remuneration, social security and pensions | 62 | €2,261 | €0 | -€2,261 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,222 | €18,104 | +€1,881 | +11.6% |
| Other operating charges | 640/8 | €2,307 | €6,592 | +€4,285 | +185.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €304,707 | €229,805 | -€74,902 | -24.6% |
| Operating profit (loss) | 9901 | €283,917 | €205,109 | -€78,807 | -27.8% |
| Financial income | 75/76B | €7,881 | €6,593 | -€1,288 | -16.3% |
| Recurring financial income | 75 | €7,881 | €6,593 | -€1,288 | -16.3% |
| Financial charges | 65/66B | €59,253 | €58,369 | -€885 | -1.5% |
| Recurring financial charges | 65 | €59,253 | €58,369 | -€885 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €232,544 | €153,334 | -€79,211 | -34.1% |
| Income taxes | 67/77 | €59,165 | €37,608 | -€21,556 | -36.4% |
| Profit (loss) for the period | 9904 | €173,379 | €115,725 | -€57,654 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €173,379 | €115,725 | -€57,654 | -33.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.