Start 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.
What changed
Start People
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.6m
2024 · €8.7m-€5.1m
Equity
€38.9m
2024 · €35.3m+€3.6m
Cash
€16,244
2024 · €78,389-€62,145
Balance sheet total
€97.0m
2024 · €92.8m+€4.2m
Largest movements
Assets
- Receivables within one year +€2.9m
up €2.9m (+3.3%), from €86.4m to €89.2m
of which Other amounts receivable: +€4.0m
- Deferred charges and accrued income +€1.4m
up €1.4m (+22.9%), from €6.0m to €7.4m
Equity and liabilities
- Profit (loss) carried forward +€3.6m
up €3.6m (+16.8%), from €21.5m to €25.2m
Income statement
No income-statement line moved by more than 1% of the activity.
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
€8.7m
Turnover
-€2.5m
Other operating income
-€176,367
Services and other goods
+€102,150
Staff costs
-€2.5m
Depreciation
+€111,689
Write-downs
-€857,238
Other operating charges
+€129,182
Other operating items
+€1,331
Financial income
-€625,940
Financial charges
+€96,266
Taxes
+€1.1m
Result 2025
€3.6m
raises the resultlowers the resultnot broken down further in the accounts
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
+€96,417
Investment
-€158,562
Financing
€0
Cash 2024
€78,389
From operations (derived)
+€96,417
Net result for the year
+€3.6m
Depreciation
+€163,237
Receivables within one year
-€2.9m
Deferred charges and accrued income
-€1.4m
Trade debts
+€582,233
Tax, wage and social debts
-€811,724
Accrued charges and deferred income
+€772,639
Investment (derived)
-€158,562
Investment in fixed assets (net)
-€158,562
Cash 2025
€16,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,791,511 | €96,961,985 | +€4.2m | +4.5% |
| Fixed assets | 21/28 | €354,924 | €350,249 | -€4,675 | -1.3% |
| Tangible fixed assets | 22/27 | €342,701 | €344,746 | +€2,045 | +0.6% |
| Plant, machinery and equipment | 23 | €50,718 | €25,112 | -€25,606 | -50.5% |
| Furniture and vehicles | 24 | €114,435 | €71,826 | -€42,609 | -37.2% |
| Other tangible fixed assets | 26 | €177,548 | €247,808 | +€70,260 | +39.6% |
| Financial fixed assets | 28 | €12,223 | €5,503 | -€6,720 | -55.0% |
| Other financial fixed assets | 284/8 | €12,223 | €5,503 | -€6,720 | -55.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,223 | €5,503 | -€6,720 | -55.0% |
| Current assets | 29/58 | €92,436,587 | €96,611,735 | +€4.2m | +4.5% |
| Amounts receivable within one year | 40/41 | €86,354,643 | €89,218,522 | +€2.9m | +3.3% |
| Trade receivables | 40 | €79,964,678 | €78,837,322 | -€1.1m | -1.4% |
| Other amounts receivable | 41 | €6,389,965 | €10,381,200 | +€4.0m | +62.5% |
| Cash at bank and in hand | 54/58 | €78,389 | €16,244 | -€62,145 | -79.3% |
| Deferred charges and accrued income | 490/1 | €6,003,555 | €7,376,970 | +€1.4m | +22.9% |
| Total equity and liabilities | 10/49 | €92,791,511 | €96,961,985 | +€4.2m | +4.5% |
| Equity | 10/15 | €35,320,968 | €38,948,293 | +€3.6m | +10.3% |
| Contributions | 10/11 | €12,407,071 | €12,407,071 | = | 0.0% |
| Capital | 10 | €12,407,071 | €12,407,071 | = | 0.0% |
| Issued capital | 100 | €12,407,071 | €12,407,071 | = | 0.0% |
| Reserves | 13 | €1,364,654 | €1,364,654 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,240,707 | €1,240,707 | = | 0.0% |
| Legal reserve | 130 | €1,240,707 | €1,240,707 | = | 0.0% |
| Distributable reserves | 133 | €123,947 | €123,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,549,243 | €25,176,568 | +€3.6m | +16.8% |
| Amounts payable | 17/49 | €57,470,543 | €58,013,692 | +€543,149 | +0.9% |
| Amounts payable within one year | 42/48 | €50,377,619 | €50,148,128 | -€229,491 | -0.5% |
| Trade debts | 44 | €2,914,999 | €3,497,233 | +€582,233 | +20.0% |
| Suppliers | 440/4 | €2,914,999 | €3,497,233 | +€582,233 | +20.0% |
| Taxes, remuneration and social security | 45 | €47,462,220 | €46,650,496 | -€811,724 | -1.7% |
| Taxes | 450/3 | €10,245,379 | €8,488,357 | -€1.8m | -17.1% |
| Remuneration and social security | 454/9 | €37,216,840 | €38,162,138 | +€945,298 | +2.5% |
| Other amounts payable | 47/48 | €400 | €400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,092,924 | €7,865,563 | +€772,639 | +10.9% |
| Operating income | 70/76A | €440,703,885 | €438,061,801 | -€2.6m | -0.6% |
| Turnover | 70 | €416,237,265 | €413,771,941 | -€2.5m | -0.6% |
| Other operating income | 74 | €24,466,227 | €24,289,860 | -€176,367 | -0.7% |
| Non-recurring operating income | 76A | €393 | - | -€393 | |
| Operating charges | 60/66A | €426,645,372 | €429,703,420 | +€3.1m | +0.7% |
| Services and other goods | 61 | €32,189,004 | €32,086,855 | -€102,150 | -0.3% |
| Remuneration, social security and pensions | 62 | €394,105,711 | €396,651,265 | +€2.5m | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,926 | €163,237 | -€111,689 | -40.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€635,410 | €221,828 | +€857,238 | |
| Other operating charges | 640/8 | €709,418 | €580,236 | -€129,182 | -18.2% |
| Non-recurring operating charges | 66A | €1,723 | - | -€1,723 | |
| Operating profit (loss) | 9901 | €14,058,512 | €8,358,381 | -€5.7m | -40.5% |
| Financial income | 75/76B | €933,632 | €307,691 | -€625,940 | -67.0% |
| Recurring financial income | 75 | €933,632 | €307,691 | -€625,940 | -67.0% |
| Income from current assets | 751 | €922,350 | €297,273 | -€625,077 | -67.8% |
| Other financial income | 752/9 | €11,281 | €10,418 | -€864 | -7.7% |
| Financial charges | 65/66B | €842,100 | €745,834 | -€96,266 | -11.4% |
| Recurring financial charges | 65 | €842,100 | €745,834 | -€96,266 | -11.4% |
| Debt charges | 650 | €488,187 | €615,903 | +€127,716 | +26.2% |
| Other financial charges | 652/9 | €353,913 | €129,931 | -€223,982 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €14,150,044 | €7,920,238 | -€6.2m | -44.0% |
| Income taxes | 67/77 | €5,410,902 | €4,292,912 | -€1.1m | -20.7% |
| Taxes | 670/3 | €5,432,169 | €4,367,018 | -€1.1m | -19.6% |
| Tax adjustments and reversals of tax provisions | 77 | €21,267 | €74,106 | +€52,839 | +248% |
| Profit (loss) for the period | 9904 | €8,739,142 | €3,627,325 | -€5.1m | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,739,142 | €3,627,325 | -€5.1m | -58.5% |
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.