PEOPLES PROJECTS: 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.
What changed
PEOPLES PROJECTS
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,981
2024 · €4,062-€2,080
Equity
€321,742
2024 · €319,761+€1,981
Cash
€14,978
2024 · €35,825-€20,847
Balance sheet total
€3.8m
2024 · €3.7m+€30,851
Largest movements
Assets
- Receivables within one year +€173,277
up €173,277 (+823%), from €21,060 to €194,338
of which Trade receivables: +€175,257
- Stocks and contracts -€67,981
no longer reported in 2025 (was €67,981)
Equity and liabilities
- Other debts +€1.5m
up €1.5m (+194%), from €754,048 to €2.2m
- Debts after one year -€1.5m
down €1.5m (-54.7%), from €2.7m to €1.2m
Income statement
- Financial income -€495,467
down €495,467 (-76.6%), from €646,562 to €151,095
- Financial charges -€495,011
down €495,011 (-68.7%), from €720,077 to €225,066
of which Non-recurring financial charges: -€495,000
- Gross operating margin +€11,129
up €11,129 (+6.6%), from €168,439 to €179,568
- Staff costs +€11,076
up €11,076 (+14.0%), from €78,990 to €90,066
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.
Result 2024
€4,062
Gross operating margin
+€11,129
Staff costs
-€11,076
Depreciation
+€426
Other operating charges
-€468
Financial income
-€495,467
Financial charges
+€495,011
Taxes
-€1,635
Result 2025
€1,981
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
+€7,800
Financing
-€1.5m
Cash 2024
€35,825
From operations (derived)
+€1.4m
Net result for the year
+€1,981
Depreciation
+€10,431
Receivables after one year
+€18,313
Stocks and contracts
+€67,981
Receivables within one year
-€173,277
Deferred charges and accrued income
+€17,054
Trade debts
+€6,008
Tax, wage and social debts
+€9,070
Other debts
+€1.5m
Accrued charges and deferred income
-€48
Investment (derived)
+€7,800
Investment in fixed assets (net)
+€7,800
Financing
-€1.5m
Debts after one year
-€1.5m
Cash 2025
€14,978
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,727,115 | €3,757,966 | +€30,851 | +0.8% |
| Fixed assets | 21/28 | €3,210,431 | €3,192,200 | -€18,231 | -0.6% |
| Tangible fixed assets | 22/27 | €10,431 | €0 | -€10,431 | -100% |
| Furniture and vehicles | 24 | €10,431 | - | -€10,431 | |
| Financial fixed assets | 28 | €3,200,000 | €3,192,200 | -€7,800 | -0.2% |
| Current assets | 29/58 | €516,684 | €565,766 | +€49,082 | +9.5% |
| Amounts receivable after more than one year | 29 | €373,786 | €355,473 | -€18,313 | -4.9% |
| Other amounts receivable | 291 | €373,786 | €355,473 | -€18,313 | -4.9% |
| Stocks and contracts in progress | 3 | €67,981 | - | -€67,981 | |
| Contracts in progress | 37 | €67,981 | - | -€67,981 | |
| Amounts receivable within one year | 40/41 | €21,060 | €194,338 | +€173,277 | +823% |
| Trade receivables | 40 | €16,010 | €191,268 | +€175,257 | +1,095% |
| Other amounts receivable | 41 | €5,050 | €3,070 | -€1,980 | -39.2% |
| Cash at bank and in hand | 54/58 | €35,825 | €14,978 | -€20,847 | -58.2% |
| Deferred charges and accrued income | 490/1 | €18,032 | €978 | -€17,054 | -94.6% |
| Total equity and liabilities | 10/49 | €3,727,115 | €3,757,966 | +€30,851 | +0.8% |
| Equity | 10/15 | €319,761 | €321,742 | +€1,981 | +0.6% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Capital | 10 | €265,000 | €265,000 | = | 0.0% |
| Issued capital | 100 | €265,000 | €265,000 | = | 0.0% |
| Reserves | 13 | €54,761 | €56,742 | +€1,981 | +3.6% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,124 | €2,124 | = | 0.0% |
| Distributable reserves | 133 | €44,637 | €46,618 | +€1,981 | +4.4% |
| Amounts payable | 17/49 | €3,407,354 | €3,436,224 | +€28,870 | +0.8% |
| Amounts payable after more than one year | 17 | €2,650,000 | €1,200,000 | -€1.5m | -54.7% |
| Other amounts payable | 178/9 | €2,650,000 | €1,200,000 | -€1.5m | -54.7% |
| Amounts payable within one year | 42/48 | €757,116 | €2,236,034 | +€1.5m | +195% |
| Trade debts | 44 | €477 | €6,485 | +€6,008 | +1,260% |
| Suppliers | 440/4 | €477 | €6,485 | +€6,008 | +1,260% |
| Taxes, remuneration and social security | 45 | €2,592 | €11,662 | +€9,070 | +350% |
| Taxes | 450/3 | €821 | €4,202 | +€3,381 | +412% |
| Remuneration and social security | 454/9 | €1,770 | €7,460 | +€5,689 | +321% |
| Other amounts payable | 47/48 | €754,048 | €2,217,888 | +€1.5m | +194% |
| Accrued charges and deferred income | 492/3 | €238 | €190 | -€48 | -20.3% |
| Remuneration, social security and pensions | 62 | €78,990 | €90,066 | +€11,076 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,857 | €10,431 | -€426 | -3.9% |
| Other operating charges | 640/8 | €226 | €693 | +€468 | +207% |
| Gross operating margin | 9900 | €168,439 | €179,568 | +€11,129 | +6.6% |
| Operating profit (loss) | 9901 | €78,367 | €78,378 | +€11 | 0.0% |
| Financial income | 75/76B | €646,562 | €151,095 | -€495,467 | -76.6% |
| Recurring financial income | 75 | €646,562 | €151,095 | -€495,467 | -76.6% |
| Financial charges | 65/66B | €720,077 | €225,066 | -€495,011 | -68.7% |
| Recurring financial charges | 65 | €75,077 | €75,066 | -€11 | 0.0% |
| Non-recurring financial charges | 66B | €645,000 | €150,000 | -€495,000 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €4,852 | €4,407 | -€445 | -9.2% |
| Income taxes | 67/77 | €790 | €2,425 | +€1,635 | +207% |
| Profit (loss) for the period | 9904 | €4,062 | €1,981 | -€2,080 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,062 | €1,981 | -€2,080 | -51.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.