The People Square: 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.
The People Square
Largest movements
- Cash -€6,422
down €6,422 (-49.2%), from €13,059 to €6,637
mainly Net result for the year (-€9,072) and Receivables within one year (-€325)
- Tangible fixed assets -€1,571
down €1,571 (-21.2%), from €7,423 to €5,852
of which Other tangible fixed assets: -€1,149
- Deferred charges and accrued income -€1,148
down €1,148 (-10.4%), from €11,045 to €9,897
- Receivables within one year +€325
up €325 (+189%), from €172 to €497
- Profit (loss) carried forward -€9,072
down €9,072 (-116%), from -€7,815 to -€16,887
- Financial charges -€1,290
down €1,290 (-96.6%), from €1,335 to €45
- Other operating charges -€497
down €497 (-69.2%), from €718 to €221
- Gross operating margin +€322
up €322 (+4.2%), from -€7,623 to -€7,301
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 | €31,699 | €22,883 | -€8,816 | -27.8% |
| Fixed assets | 21/28 | €7,423 | €5,852 | -€1,571 | -21.2% |
| Tangible fixed assets | 22/27 | €7,423 | €5,852 | -€1,571 | -21.2% |
| Furniture and vehicles | 24 | €1,039 | €617 | -€422 | -40.6% |
| Other tangible fixed assets | 26 | €6,384 | €5,235 | -€1,149 | -18.0% |
| Current assets | 29/58 | €24,276 | €17,031 | -€7,245 | -29.8% |
| Amounts receivable within one year | 40/41 | €172 | €497 | +€325 | +189% |
| Other amounts receivable | 41 | €172 | €497 | +€325 | +189% |
| Cash at bank and in hand | 54/58 | €13,059 | €6,637 | -€6,422 | -49.2% |
| Deferred charges and accrued income | 490/1 | €11,045 | €9,897 | -€1,148 | -10.4% |
| Total equity and liabilities | 10/49 | €31,699 | €22,883 | -€8,816 | -27.8% |
| Equity | 10/15 | €31,395 | €22,323 | -€9,072 | -28.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,815 | -€16,887 | -€9,072 | -116% |
| Amounts payable | 17/49 | €304 | €560 | +€256 | +84.2% |
| Amounts payable within one year | 42/48 | €304 | €560 | +€256 | +84.2% |
| Trade debts | 44 | €216 | €464 | +€248 | +115% |
| Suppliers | 440/4 | €216 | €464 | +€248 | +115% |
| Other amounts payable | 47/48 | €88 | €96 | +€8 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,552 | €1,571 | +€19 | +1.2% |
| Other operating charges | 640/8 | €718 | €221 | -€497 | -69.2% |
| Gross operating margin | 9900 | -€7,623 | -€7,301 | +€322 | +4.2% |
| Operating profit (loss) | 9901 | -€9,893 | -€9,093 | +€800 | +8.1% |
| Financial income | 75/76B | €44 | €94 | +€50 | +114% |
| Recurring financial income | 75 | €44 | €94 | +€50 | +114% |
| Financial charges | 65/66B | €1,335 | €45 | -€1,290 | -96.6% |
| Recurring financial charges | 65 | €1,335 | €45 | -€1,290 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,184 | -€9,044 | +€2,140 | +19.1% |
| Income taxes | 67/77 | €13 | €28 | +€15 | +115% |
| Profit (loss) for the period | 9904 | -€11,197 | -€9,072 | +€2,125 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,197 | -€9,072 | +€2,125 | +19.0% |
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 23 October 2026 via checked.be.