De POPULIER: 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.
De POPULIER
Largest movements
- Cash -€118,926
down €118,926 (-52.7%), from €225,558 to €106,632
mainly Other debts (-€328,610) and Investment in fixed assets (net) (-€205,801)
- Other debts -€328,610
down €328,610 (-57.7%), from €569,339 to €240,729
- Reserves +€168,400
up €168,400 (+160%), from €105,250 to €273,650
- Profit (loss) carried forward +€104,800
up €104,800 (+60.3%), from €173,682 to €278,482
- Gross operating margin -€84,973
down €84,973 (-39.8%), from €213,731 to €128,758
- Other operating charges -€80,086
down €80,086 (-97.4%), from €82,245 to €2,159
- Depreciation +€45,843
up €45,843 (+27.8%), from €164,774 to €210,617
- Taxes -€28,248
down €28,248 (-23.2%), from €121,890 to €93,642
- Staff costs -€17,022
down €17,022 (-7.4%), from €230,980 to €213,958
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 | €10,437,798 | €10,424,296 | -€13,502 | -0.1% |
| Fixed assets | 21/28 | €1,453,553 | €1,448,736 | -€4,817 | -0.3% |
| Tangible fixed assets | 22/27 | €1,453,553 | €1,448,736 | -€4,817 | -0.3% |
| Land and buildings | 22 | €1,136,835 | €1,036,588 | -€100,248 | -8.8% |
| Plant, machinery and equipment | 23 | €237,281 | €338,569 | +€101,289 | +42.7% |
| Furniture and vehicles | 24 | €42,677 | €43,441 | +€764 | +1.8% |
| Other tangible fixed assets | 26 | €36,760 | €30,138 | -€6,622 | -18.0% |
| Current assets | 29/58 | €8,984,245 | €8,975,560 | -€8,685 | -0.1% |
| Amounts receivable after more than one year | 29 | €8,300,000 | €8,300,000 | = | 0.0% |
| Other amounts receivable | 291 | €8,300,000 | €8,300,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €392,311 | €471,786 | +€79,476 | +20.3% |
| Stocks | 30/36 | €392,311 | €471,786 | +€79,476 | +20.3% |
| Amounts receivable within one year | 40/41 | €20,214 | €8,778 | -€11,437 | -56.6% |
| Trade receivables | 40 | €20,214 | €4,703 | -€15,511 | -76.7% |
| Other amounts receivable | 41 | - | €4,075 | +€4,075 | |
| Cash at bank and in hand | 54/58 | €225,558 | €106,632 | -€118,926 | -52.7% |
| Deferred charges and accrued income | 490/1 | €46,162 | €88,363 | +€42,202 | +91.4% |
| Total equity and liabilities | 10/49 | €10,437,798 | €10,424,296 | -€13,502 | -0.1% |
| Equity | 10/15 | €9,778,932 | €10,052,132 | +€273,200 | +2.8% |
| Contributions | 10/11 | €9,500,000 | €9,500,000 | = | 0.0% |
| Reserves | 13 | €105,250 | €273,650 | +€168,400 | +160% |
| Tax-exempt reserves | 132 | €105,250 | €273,650 | +€168,400 | +160% |
| Profit (loss) carried forward | 14 | €173,682 | €278,482 | +€104,800 | +60.3% |
| Amounts payable | 17/49 | €658,866 | €372,164 | -€286,702 | -43.5% |
| Amounts payable within one year | 42/48 | €658,866 | €372,164 | -€286,702 | -43.5% |
| Trade debts | 44 | €44,929 | €75,136 | +€30,208 | +67.2% |
| Suppliers | 440/4 | €44,929 | €75,136 | +€30,208 | +67.2% |
| Advances received on contracts in progress | 46 | €24,950 | €21,214 | -€3,736 | -15.0% |
| Taxes, remuneration and social security | 45 | €19,648 | €35,084 | +€15,436 | +78.6% |
| Taxes | 450/3 | €9,969 | €23,642 | +€13,673 | +137% |
| Remuneration and social security | 454/9 | €9,679 | €11,442 | +€1,763 | +18.2% |
| Other amounts payable | 47/48 | €569,339 | €240,729 | -€328,610 | -57.7% |
| Remuneration, social security and pensions | 62 | €230,980 | €213,958 | -€17,022 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,774 | €210,617 | +€45,843 | +27.8% |
| Other operating charges | 640/8 | €82,245 | €2,159 | -€80,086 | -97.4% |
| Gross operating margin | 9900 | €213,731 | €128,758 | -€84,973 | -39.8% |
| Operating profit (loss) | 9901 | -€264,268 | -€297,976 | -€33,708 | -12.8% |
| Financial income | 75/76B | €665,213 | €665,210 | -€4 | 0.0% |
| Recurring financial income | 75 | €665,213 | €665,210 | -€4 | 0.0% |
| Financial charges | 65/66B | €594 | €391 | -€203 | -34.2% |
| Recurring financial charges | 65 | €594 | €391 | -€203 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €400,350 | €366,843 | -€33,508 | -8.4% |
| Income taxes | 67/77 | €121,890 | €93,642 | -€28,248 | -23.2% |
| Profit (loss) for the period | 9904 | €278,461 | €273,200 | -€5,260 | -1.9% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €168,400 | +€63,150 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,211 | €104,800 | -€68,410 | -39.5% |
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 15 October 2026 via checked.be.