POP CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€44,161
up €44,161 (+57.1%), from €77,375 to €121,536
of which Other amounts receivable: +€44,161
- Cash -€20,319
down €20,319 (-65.8%), from €30,863 to €10,544
mainly Receivables within one year (-€44,161) and Deferred charges and accrued income (-€15,000)
- Deferred charges and accrued income +€15,000
up €15,000 (+11,000%), from €136 to €15,136
- Tangible fixed assets +€6,022
up €6,022 (+63.3%), from €9,521 to €15,543
- Receivables after one year +€2,993
up €2,993 (+2.6%), from €116,536 to €119,528
- Profit (loss) carried forward +€33,941
up €33,941 (+17.3%), from €196,252 to €230,193
- Current portion of long-term debt +€14,894
up €14,894 (+240%), from €6,193 to €21,087
- Debts after one year +€4,302
up €4,302 (+205%), from €2,103 to €6,405
- Tax, wage and social debts -€3,576
down €3,576 (-16.4%), from €21,829 to €18,253
- Financial income -€9,715
down €9,715 (-91.3%), from €10,640 to €924
of which Non-recurring financial income: -€7,722
- Taxes -€4,630
down €4,630 (-33.9%), from €13,662 to €9,033
- Depreciation +€1,312
up €1,312 (+23.2%), from €5,657 to €6,969
- Gross operating margin +€1,253
up €1,253 (+2.5%), from €49,564 to €50,817
- Other operating charges -€1,002
down €1,002 (-70.6%), from €1,420 to €418
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 | €235,030 | €282,887 | +€47,856 | +20.4% |
| Fixed assets | 21/28 | €10,121 | €16,143 | +€6,022 | +59.5% |
| Tangible fixed assets | 22/27 | €9,521 | €15,543 | +€6,022 | +63.3% |
| Furniture and vehicles | 24 | €9,521 | €15,543 | +€6,022 | +63.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €224,910 | €266,744 | +€41,834 | +18.6% |
| Amounts receivable after more than one year | 29 | €116,536 | €119,528 | +€2,993 | +2.6% |
| Other amounts receivable | 291 | €116,536 | €119,528 | +€2,993 | +2.6% |
| Amounts receivable within one year | 40/41 | €77,375 | €121,536 | +€44,161 | +57.1% |
| Trade receivables | 40 | €45,528 | €45,528 | = | 0.0% |
| Other amounts receivable | 41 | €31,847 | €76,008 | +€44,161 | +139% |
| Cash at bank and in hand | 54/58 | €30,863 | €10,544 | -€20,319 | -65.8% |
| Deferred charges and accrued income | 490/1 | €136 | €15,136 | +€15,000 | +11,000% |
| Total equity and liabilities | 10/49 | €235,030 | €282,887 | +€47,856 | +20.4% |
| Equity | 10/15 | €201,252 | €235,193 | +€33,941 | +16.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,252 | €230,193 | +€33,941 | +17.3% |
| Amounts payable | 17/49 | €33,779 | €47,694 | +€13,915 | +41.2% |
| Amounts payable after more than one year | 17 | €2,103 | €6,405 | +€4,302 | +205% |
| Financial debts | 170/4 | €2,103 | €6,405 | +€4,302 | +205% |
| Amounts payable within one year | 42/48 | €31,408 | €41,288 | +€9,880 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €6,193 | €21,087 | +€14,894 | +240% |
| Trade debts | 44 | €2,386 | €949 | -€1,437 | -60.2% |
| Suppliers | 440/4 | €2,386 | €949 | -€1,437 | -60.2% |
| Taxes, remuneration and social security | 45 | €21,829 | €18,253 | -€3,576 | -16.4% |
| Taxes | 450/3 | €21,829 | €18,253 | -€3,576 | -16.4% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €268 | €0 | -€268 | -100% |
| Remuneration, social security and pensions | 62 | €9 | - | -€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,657 | €6,969 | +€1,312 | +23.2% |
| Other operating charges | 640/8 | €1,420 | €418 | -€1,002 | -70.6% |
| Gross operating margin | 9900 | €49,564 | €50,817 | +€1,253 | +2.5% |
| Operating profit (loss) | 9901 | €42,478 | €43,430 | +€952 | +2.2% |
| Financial income | 75/76B | €10,640 | €924 | -€9,715 | -91.3% |
| Recurring financial income | 75 | €2,918 | €924 | -€1,993 | -68.3% |
| Non-recurring financial income | 76B | €7,722 | - | -€7,722 | |
| Financial charges | 65/66B | €1,100 | €1,380 | +€281 | +25.5% |
| Recurring financial charges | 65 | €1,100 | €1,380 | +€281 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €52,018 | €42,974 | -€9,044 | -17.4% |
| Income taxes | 67/77 | €13,662 | €9,033 | -€4,630 | -33.9% |
| Profit (loss) for the period | 9904 | €38,356 | €33,941 | -€4,415 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,356 | €33,941 | -€4,415 | -11.5% |
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 14 October 2026 via checked.be.