PROJECT PEOPLE: 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.
PROJECT PEOPLE
Largest movements
- Cash +€12,023
up €12,023 (+781%), from €1,540 to €13,563
mainly Other debts (+€14,149) and Tax, wage and social debts (+€12,801)
- Profit (loss) carried forward -€19,828
down €19,828 (-3.3%), from -€598,200 to -€618,029
- Other debts +€14,149
up €14,149 (+2.3%), from €604,926 to €619,075
- Tax, wage and social debts +€12,801
up €12,801 (+22,086%), from €58 to €12,859
of which Remuneration and social security: +€9,492
- Trade debts +€4,377
up €4,377 (+234%), from €1,869 to €6,246
- Staff costs +€32,102
new in 2025: €32,102
- Gross operating margin +€19,312
up €19,312, from -€4,006 to €15,305
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 | €27,253 | €38,752 | +€11,499 | +42.2% |
| Fixed assets | 21/28 | €25,000 | €25,000 | = | 0.0% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €2,253 | €13,752 | +€11,499 | +510% |
| Amounts receivable within one year | 40/41 | €437 | €189 | -€248 | -56.8% |
| Other amounts receivable | 41 | €437 | €189 | -€248 | -56.8% |
| Cash at bank and in hand | 54/58 | €1,540 | €13,563 | +€12,023 | +781% |
| Deferred charges and accrued income | 490/1 | €276 | - | -€276 | |
| Total equity and liabilities | 10/49 | €27,253 | €38,752 | +€11,499 | +42.2% |
| Equity | 10/15 | -€579,600 | -€599,429 | -€19,828 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€598,200 | -€618,029 | -€19,828 | -3.3% |
| Amounts payable | 17/49 | €606,853 | €638,181 | +€31,327 | +5.2% |
| Amounts payable within one year | 42/48 | €606,853 | €638,181 | +€31,327 | +5.2% |
| Trade debts | 44 | €1,869 | €6,246 | +€4,377 | +234% |
| Suppliers | 440/4 | €1,869 | €6,246 | +€4,377 | +234% |
| Taxes, remuneration and social security | 45 | €58 | €12,859 | +€12,801 | +22,086% |
| Taxes | 450/3 | €58 | €3,368 | +€3,310 | +5,710% |
| Remuneration and social security | 454/9 | - | €9,492 | +€9,492 | |
| Other amounts payable | 47/48 | €604,926 | €619,075 | +€14,149 | +2.3% |
| Remuneration, social security and pensions | 62 | - | €32,102 | +€32,102 | |
| Gross operating margin | 9900 | -€4,006 | €15,305 | +€19,312 | |
| Operating profit (loss) | 9901 | -€4,006 | -€16,797 | -€12,790 | -319% |
| Financial charges | 65/66B | €3,043 | €3,032 | -€12 | -0.4% |
| Recurring financial charges | 65 | €3,043 | €3,032 | -€12 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,050 | -€19,828 | -€12,779 | -181% |
| Profit (loss) for the period | 9904 | -€7,050 | -€19,828 | -€12,779 | -181% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,050 | -€19,828 | -€12,779 | -181% |
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 14 October 2026 via checked.be.