POPPY DEVELOPMENT
InactiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 22-07-2025 PDF all 5 filings
Equity
€66,869▼ 2.0%
2024 · €68,201
Total assets
€88,142▼ 0.5%
2024 · €88,605
Net result
-€1,332
2024 · €64,081
Working capital
€87,281▲ 2.4%
2024 · €85,214
Trend over the years
2021 to 2025, 5 financial years
The operating result for 2025 is a loss of €1,179, after a profit of €66,778 in 2024.
Operating result-€1,179
2025
Net result-€1,332
2025
Total assets€88,142
2025
Equity€66,869
2025
Debt€21,274
2025
Working capital€87,281
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,637--€6,673-€53,591▼ 703%€66,778-€1,179
Net result€38,145--€6,781-€52,244▼ 670%€64,081-€1,332
Equity€43,145-€56,364▲ 30.6%€4,120▼ 92.7%€68,201▲ 17×€66,869▼ 2.0%
Total assets€59,369-€56,877▼ 4.2%€48,493▼ 14.7%€88,605▲ 82.7%€88,142▼ 0.5%
Debt€16,224-€513▼ 96.8%€44,373▲ 86×€20,404▼ 54.0%€21,274▲ 4.3%
Working capital€43,172-€56,377▲ 30.6%€34,132▼ 39.5%€85,214▲ 150%€87,281▲ 2.4%
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €88,142
Equity
€66,869 ▼ 2.0%
Debt
€21,274 ▲ 4.3%
Debt's share of the balance-sheet total rises from 23.0% to 24.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.32▲
2024 · 0.30
ROE
-2.0%▼
2024 · 94.0%
ROA
-1.5%▼
2024 · 72.3%
Debt ≤ 1 year
€861▼
2024 · €3,391
Debt > 1 year
€20,400▲
2024 · €17,000
A ratio outside any meaningful range has been withheld (balance sheet total €88,142, equity €66,869).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €348 | €1,478 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €53,035 | -€6,326 | -€52,113 | €67,162 | -€791 | - |
| Operating profit (loss)9901 | €52,637 | -€6,673 | -€53,591 | €66,778 | -€1,179 | - |
| Financial income75/76B | - | €9 | €1,500 | - | - | - |
| Recurring financial income75 | - | €9 | €1,500 | - | - | - |
| Non-recurring financial income76B | - | - | €1,500 | - | - | - |
| Financial charges65/66B | - | €116 | €153 | €166 | €153 | ▼ 7.8% |
| Recurring financial charges65 | €62 | €116 | €153 | €166 | €153 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €52,575 | -€6,781 | -€52,244 | €66,611 | -€1,332 | - |
| Income taxes67/77 | €14,431 | €0 | - | €2,530 | - | - |
| Profit (loss) for the period9904 | €38,145 | -€6,781 | -€52,244 | €64,081 | -€1,332 | - |
| Profit (loss) for the period to be appropriated9905 | €38,145 | -€6,781 | -€52,244 | €64,081 | -€1,332 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,369 | €56,877 | €48,493 | €88,605 | €88,142 | ▼ 0.5% |
| Current assets29/58 | €59,369 | €56,877 | €48,493 | €88,605 | €88,142 | ▼ 0.5% |
| Amounts receivable after more than one year29 | - | €37,500 | €35,500 | €88,500 | €87,500 | ▼ 1.1% |
| Other amounts receivable291 | - | €37,500 | €35,500 | €88,500 | €87,500 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €351 | €1,428 | €8,433 | €53 | €53 | = |
| Other amounts receivable41 | - | €1,428 | €8,433 | €53 | €53 | = |
| Cash at bank and in hand54/58 | €4,435 | €17,838 | €4,385 | €51 | €589 | ▲ 11× |
| Deferred charges and accrued income490/1 | - | €111 | €174 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,369 | €56,877 | €48,493 | €88,605 | €88,142 | ▼ 0.5% |
| Equity10/15 | €43,145 | €56,364 | €4,120 | €68,201 | €66,869 | ▼ 2.0% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €38,145 | €38,145 | €38,145 | €43,201 | €43,201 | = |
| Distributable reserves133 | - | €38,145 | €38,145 | €43,201 | €43,201 | = |
| Profit (loss) carried forward14 | - | -€6,781 | -€59,025 | - | -€1,332 | - |
| Amounts payable17/49 | €16,224 | €513 | €44,373 | €20,404 | €21,274 | ▲ 4.3% |
| Amounts payable after more than one year17 | - | - | €30,000 | €17,000 | €20,400 | ▲ 20.0% |
| Financial debts170/4 | - | - | €30,000 | €17,000 | €20,400 | ▲ 20.0% |
| Amounts payable within one year42/48 | €16,197 | €500 | €14,360 | €3,391 | €861 | ▼ 74.6% |
| Trade debts44 | €1,766 | - | €14,360 | - | - | - |
| Suppliers440/4 | - | - | €14,360 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,530 | - | - |
| Taxes450/3 | - | - | - | €2,530 | - | - |
| Other amounts payable47/48 | - | €500 | - | €861 | €861 | = |
| Accrued charges and deferred income492/3 | - | €13 | €13 | €13 | €13 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,145 | -€6,781 | -€52,244 | €64,081 | -€1,332 | - |
| Operating cash flow (approximation) | €38,145 | -€6,781 | -€52,244 | €64,081 | -€1,332 | - |
| Change in cash | - | €13,402 | -€13,452 | -€4,334 | €538 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 22-07-2025 | 2025-00298298 | |
| 31-03-2024 | micro format | 01-08-2024 | 2024-00324856 | |
| 31-03-2023 | micro format | 07-09-2023 | 2023-00439956 | |
| 31-03-2022 | micro format | 20-10-2022 | 2022-20467970 | |
| 31-03-2021 | micro format | 06-08-2021 | 2021-46800340 |