Q 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.
Q People
Largest movements
- Receivables within one year -€359,010
down €359,010 (-27.8%), from €1.3m to €932,773
of which Trade receivables: -€263,185
- Cash +€62,962
up €62,962 (+76.9%), from €81,868 to €144,830
mainly Receivables within one year (+€359,010) and Trade debts (+€76,234)
- Profit (loss) carried forward -€238,886
down €238,886 (-204%), from -€116,943 to -€355,829
- Short-term financial debts -€125,676
down €125,676 (-14.0%), from €897,047 to €771,371
- Trade debts +€76,234
up €76,234 (+20.9%), from €365,150 to €441,384
- Tax, wage and social debts -€30,472
down €30,472 (-8.5%), from €357,337 to €326,865
of which Taxes: -€42,439
- Gross operating margin -€625,402
down €625,402 (-28.0%), from €2.2m to €1.6m
- Staff costs -€505,420
down €505,420 (-22.6%), from €2.2m to €1.7m
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 | €1,546,463 | €1,233,318 | -€313,145 | -20.2% |
| Fixed assets | 21/28 | €40,432 | €35,604 | -€4,829 | -11.9% |
| Intangible fixed assets | 21 | €179 | €0 | -€179 | -100% |
| Tangible fixed assets | 22/27 | €36,730 | €32,081 | -€4,649 | -12.7% |
| Furniture and vehicles | 24 | €5,481 | €5,153 | -€328 | -6.0% |
| Other tangible fixed assets | 26 | €31,249 | €26,928 | -€4,321 | -13.8% |
| Financial fixed assets | 28 | €3,523 | €3,523 | = | 0.0% |
| Current assets | 29/58 | €1,506,031 | €1,197,714 | -€308,317 | -20.5% |
| Amounts receivable after more than one year | 29 | €7,666 | €5,451 | -€2,215 | -28.9% |
| Other amounts receivable | 291 | €7,666 | €5,451 | -€2,215 | -28.9% |
| Amounts receivable within one year | 40/41 | €1,291,783 | €932,773 | -€359,010 | -27.8% |
| Trade receivables | 40 | €1,181,735 | €918,551 | -€263,185 | -22.3% |
| Other amounts receivable | 41 | €110,048 | €14,222 | -€95,826 | -87.1% |
| Cash at bank and in hand | 54/58 | €81,868 | €144,830 | +€62,962 | +76.9% |
| Deferred charges and accrued income | 490/1 | €124,713 | €114,660 | -€10,054 | -8.1% |
| Total equity and liabilities | 10/49 | €1,546,463 | €1,233,318 | -€313,145 | -20.2% |
| Equity | 10/15 | -€98,393 | -€337,279 | -€238,886 | -243% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€116,943 | -€355,829 | -€238,886 | -204% |
| Amounts payable | 17/49 | €1,644,856 | €1,570,597 | -€74,259 | -4.5% |
| Amounts payable within one year | 42/48 | €1,619,533 | €1,539,620 | -€79,914 | -4.9% |
| Financial debts | 43 | €897,047 | €771,371 | -€125,676 | -14.0% |
| Credit institutions | 430/8 | €897,047 | €771,371 | -€125,676 | -14.0% |
| Trade debts | 44 | €365,150 | €441,384 | +€76,234 | +20.9% |
| Suppliers | 440/4 | €365,150 | €441,384 | +€76,234 | +20.9% |
| Taxes, remuneration and social security | 45 | €357,337 | €326,865 | -€30,472 | -8.5% |
| Taxes | 450/3 | €131,492 | €89,053 | -€42,439 | -32.3% |
| Remuneration and social security | 454/9 | €225,845 | €237,812 | +€11,967 | +5.3% |
| Accrued charges and deferred income | 492/3 | €25,322 | €30,977 | +€5,655 | +22.3% |
| Remuneration, social security and pensions | 62 | €2,239,470 | €1,734,050 | -€505,420 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,370 | €8,276 | -€1,094 | -11.7% |
| Other operating charges | 640/8 | €8,996 | €21,579 | +€12,583 | +140% |
| Gross operating margin | 9900 | €2,232,782 | €1,607,381 | -€625,402 | -28.0% |
| Operating profit (loss) | 9901 | -€25,053 | -€156,524 | -€131,471 | -525% |
| Financial income | 75/76B | €692 | €304 | -€389 | -56.1% |
| Recurring financial income | 75 | €692 | €304 | -€389 | -56.1% |
| Financial charges | 65/66B | €89,617 | €80,316 | -€9,301 | -10.4% |
| Recurring financial charges | 65 | €89,617 | €80,316 | -€9,301 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€113,978 | -€236,536 | -€122,558 | -108% |
| Income taxes | 67/77 | €5,131 | €2,350 | -€2,781 | -54.2% |
| Profit (loss) for the period | 9904 | -€119,109 | -€238,886 | -€119,778 | -101% |
| Transfer from tax-exempt reserves | 789 | €166 | €0 | -€166 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,943 | -€238,886 | -€119,944 | -101% |
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 28 October 2026 via checked.be.