POP & CO: 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.
POP & CO
Largest movements
- Cash +€33,874
up €33,874 (+160%), from €21,119 to €54,993
mainly Receivables within one year (+€32,039) and Depreciation (+€6,727)
- Receivables within one year -€32,039
down €32,039 (-51.6%), from €62,123 to €30,084
of which Trade receivables: -€22,848
- Tangible fixed assets -€6,727
down €6,727 (-34.7%), from €19,407 to €12,680
- Profit (loss) carried forward -€11,747
down €11,747 (-12.1%), from €97,173 to €85,426
- Tax, wage and social debts +€5,060
up €5,060 (+152%), from €3,327 to €8,388
- Trade debts +€3,053
up €3,053 (+50.2%), from €6,084 to €9,137
- Current portion of long-term debt -€1,625
no longer reported in 2025 (was €1,625)
- Staff costs -€18,150
down €18,150 (-55.4%), from €32,749 to €14,600
- Gross operating margin -€5,358
down €5,358 (-12.2%), from €43,795 to €38,438
- Other operating charges +€4,426
up €4,426 (+151%), from €2,932 to €7,358
- Taxes +€4,015
up €4,015 (+555%), from €724 to €4,739
- Depreciation -€2,073
down €2,073 (-23.6%), from €8,800 to €6,727
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 | €108,209 | €103,036 | -€5,173 | -4.8% |
| Fixed assets | 21/28 | €20,147 | €13,420 | -€6,727 | -33.4% |
| Tangible fixed assets | 22/27 | €19,407 | €12,680 | -€6,727 | -34.7% |
| Furniture and vehicles | 24 | €19,407 | €12,680 | -€6,727 | -34.7% |
| Financial fixed assets | 28 | €740 | €740 | = | 0.0% |
| Current assets | 29/58 | €88,062 | €89,616 | +€1,554 | +1.8% |
| Stocks and contracts in progress | 3 | €2,898 | €2,178 | -€720 | -24.9% |
| Stocks | 30/36 | €2,898 | €2,178 | -€720 | -24.9% |
| Amounts receivable within one year | 40/41 | €62,123 | €30,084 | -€32,039 | -51.6% |
| Trade receivables | 40 | €45,291 | €22,443 | -€22,848 | -50.4% |
| Other amounts receivable | 41 | €16,832 | €7,641 | -€9,191 | -54.6% |
| Cash at bank and in hand | 54/58 | €21,119 | €54,993 | +€33,874 | +160% |
| Deferred charges and accrued income | 490/1 | €1,922 | €2,361 | +€440 | +22.9% |
| Total equity and liabilities | 10/49 | €108,209 | €103,036 | -€5,173 | -4.8% |
| Equity | 10/15 | €97,173 | €85,426 | -€11,747 | -12.1% |
| Contributions | 10/11 | €0 | - | = | |
| Contributions outside capital | 11 | €0 | - | = | |
| Share premium | 1100/10 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €97,173 | €85,426 | -€11,747 | -12.1% |
| Amounts payable | 17/49 | €11,036 | €17,610 | +€6,574 | +59.6% |
| Amounts payable within one year | 42/48 | €11,036 | €17,610 | +€6,574 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €1,625 | - | -€1,625 | |
| Trade debts | 44 | €6,084 | €9,137 | +€3,053 | +50.2% |
| Suppliers | 440/4 | €6,084 | €9,137 | +€3,053 | +50.2% |
| Advances received on contracts in progress | 46 | - | €85 | +€85 | |
| Taxes, remuneration and social security | 45 | €3,327 | €8,388 | +€5,060 | +152% |
| Taxes | 450/3 | €3,327 | €8,388 | +€5,060 | +152% |
| Remuneration, social security and pensions | 62 | €32,749 | €14,600 | -€18,150 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,800 | €6,727 | -€2,073 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €871 | +€871 | |
| Other operating charges | 640/8 | €2,932 | €7,358 | +€4,426 | +151% |
| Non-recurring operating charges | 66A | €2,781 | - | -€2,781 | |
| Gross operating margin | 9900 | €43,795 | €38,438 | -€5,358 | -12.2% |
| Operating profit (loss) | 9901 | -€3,468 | €8,881 | +€12,349 | |
| Financial income | 75/76B | - | €68 | +€68 | |
| Recurring financial income | 75 | - | €68 | +€68 | |
| Financial charges | 65/66B | €1,134 | €957 | -€177 | -15.6% |
| Recurring financial charges | 65 | €1,134 | €957 | -€177 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,602 | €7,992 | +€12,594 | |
| Income taxes | 67/77 | €724 | €4,739 | +€4,015 | +555% |
| Profit (loss) for the period | 9904 | -€5,326 | €3,253 | +€8,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,326 | €3,253 | +€8,579 |
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 21 October 2026 via checked.be.