Peter Poppe: 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.
Peter Poppe
Largest movements
- Cash +€48,786
up €48,786 (+78.0%), from €62,582 to €111,367
mainly Net result for the year (+€35,397) and Tax, wage and social debts (+€5,133)
- Stocks and contracts -€5,000
down €5,000 (-18.5%), from €27,000 to €22,000
- Receivables within one year -€3,156
down €3,156 (-29.7%), from €10,609 to €7,453
of which Other amounts receivable: -€5,541
- Reserves +€35,397
up €35,397 (+64.8%), from €54,641 to €90,038
- Tax, wage and social debts +€5,133
up €5,133 (+179.6%), from €2,858 to €7,991
- Trade debts +€1,881
up €1,881 (+457.1%), from €411 to €2,292
- Gross operating margin +€17,899
up €17,899 (+57.1%), from €31,370 to €49,270
- Taxes +€3,763
up €3,763 (+64.1%), from €5,866 to €9,629
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.
Cash bridge derived
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 | €103,551 | €145,062 | +€41,511 | +40.1% |
| Fixed assets | 21/28 | €1,498 | €2,069 | +€571 | +38.1% |
| Tangible fixed assets | 22/27 | €1,498 | €2,069 | +€571 | +38.1% |
| Plant, machinery and equipment | 23 | €1,498 | €748 | -€750 | -50.1% |
| Furniture and vehicles | 24 | - | €1,321 | +€1,321 | |
| Current assets | 29/58 | €102,053 | €142,993 | +€40,941 | +40.1% |
| Stocks and contracts in progress | 3 | €27,000 | €22,000 | -€5,000 | -18.5% |
| Stocks | 30/36 | €27,000 | €22,000 | -€5,000 | -18.5% |
| Amounts receivable within one year | 40/41 | €10,609 | €7,453 | -€3,156 | -29.7% |
| Trade receivables | 40 | €4,980 | €7,365 | +€2,385 | +47.9% |
| Other amounts receivable | 41 | €5,629 | €87 | -€5,541 | -98.4% |
| Cash at bank and in hand | 54/58 | €62,582 | €111,367 | +€48,786 | +78.0% |
| Deferred charges and accrued income | 490/1 | €1,862 | €2,173 | +€311 | +16.7% |
| Total equity and liabilities | 10/49 | €103,551 | €145,062 | +€41,511 | +40.1% |
| Equity | 10/15 | €59,641 | €95,038 | +€35,397 | +59.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,641 | €90,038 | +€35,397 | +64.8% |
| Distributable reserves | 133 | €54,641 | €90,038 | +€35,397 | +64.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,911 | €50,025 | +€6,114 | +13.9% |
| Amounts payable within one year | 42/48 | €40,784 | €47,433 | +€6,649 | +16.3% |
| Trade debts | 44 | €411 | €2,292 | +€1,881 | +457.1% |
| Suppliers | 440/4 | €411 | €2,292 | +€1,881 | +457.1% |
| Taxes, remuneration and social security | 45 | €2,858 | €7,991 | +€5,133 | +179.6% |
| Taxes | 450/3 | €2,858 | €7,991 | +€5,133 | +179.6% |
| Other amounts payable | 47/48 | €37,515 | €37,151 | -€365 | -1.0% |
| Accrued charges and deferred income | 492/3 | €3,126 | €2,592 | -€535 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €929 | +€179 | +23.9% |
| Other operating charges | 640/8 | €522 | €695 | +€173 | +33.1% |
| Gross operating margin | 9900 | €31,370 | €49,270 | +€17,899 | +57.1% |
| Operating profit (loss) | 9901 | €30,098 | €47,645 | +€17,548 | +58.3% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €3,066 | €2,620 | -€446 | -14.6% |
| Recurring financial charges | 65 | €3,066 | €2,620 | -€446 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €27,037 | €45,026 | +€17,989 | +66.5% |
| Income taxes | 67/77 | €5,866 | €9,629 | +€3,763 | +64.1% |
| Profit (loss) for the period | 9904 | €21,171 | €35,397 | +€14,226 | +67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,171 | €35,397 | +€14,226 | +67.2% |
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 11 October 2026 via checked.be.