POP LINE: 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 LINE
Largest movements
- Receivables within one year +€24,976
up €24,976 (+135%), from €18,551 to €43,528
of which Trade receivables: +€21,014
- Cash -€21,731
down €21,731 (-41.3%), from €52,612 to €30,881
mainly Receivables within one year (-€24,976) and Deferred charges and accrued income (-€2,139)
- Deferred charges and accrued income +€2,139
new in 2025: €2,139
- Reserves +€5,570
up €5,570 (+25.8%), from €21,625 to €27,195
- Trade debts -€1,122
no longer reported in 2025 (was €1,122)
- Gross operating margin +€40,233
up €40,233, from -€32,685 to €7,548
- Taxes +€557
new in 2025: €557
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 | €73,425 | €78,328 | +€4,903 | +6.7% |
| Fixed assets | 21/28 | €2,262 | €1,780 | -€482 | -21.3% |
| Tangible fixed assets | 22/27 | €2,262 | €1,780 | -€482 | -21.3% |
| Plant, machinery and equipment | 23 | €1,138 | €899 | -€239 | -21.0% |
| Furniture and vehicles | 24 | €1,124 | €881 | -€243 | -21.6% |
| Current assets | 29/58 | €71,164 | €76,548 | +€5,384 | +7.6% |
| Amounts receivable within one year | 40/41 | €18,551 | €43,528 | +€24,976 | +135% |
| Trade receivables | 40 | €17,064 | €38,078 | +€21,014 | +123% |
| Other amounts receivable | 41 | €1,488 | €5,450 | +€3,962 | +266% |
| Cash at bank and in hand | 54/58 | €52,612 | €30,881 | -€21,731 | -41.3% |
| Deferred charges and accrued income | 490/1 | - | €2,139 | +€2,139 | |
| Total equity and liabilities | 10/49 | €73,425 | €78,328 | +€4,903 | +6.7% |
| Equity | 10/15 | €42,549 | €48,118 | +€5,570 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,625 | €27,195 | +€5,570 | +25.8% |
| Distributable reserves | 133 | €21,625 | €27,195 | +€5,570 | +25.8% |
| Profit (loss) carried forward | 14 | €2,323 | €2,323 | = | 0.0% |
| Amounts payable | 17/49 | €30,877 | €30,210 | -€667 | -2.2% |
| Amounts payable within one year | 42/48 | €30,877 | €30,210 | -€667 | -2.2% |
| Financial debts | 43 | €10 | €10 | = | 0.0% |
| Credit institutions | 430/8 | €10 | €10 | = | 0.0% |
| Trade debts | 44 | €1,122 | - | -€1,122 | |
| Suppliers | 440/4 | €1,122 | - | -€1,122 | |
| Taxes, remuneration and social security | 45 | - | €557 | +€557 | |
| Taxes | 450/3 | - | €557 | +€557 | |
| Other amounts payable | 47/48 | €29,745 | €29,643 | -€102 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €436 | €482 | +€45 | +10.3% |
| Other operating charges | 640/8 | €1,127 | €802 | -€324 | -28.8% |
| Gross operating margin | 9900 | -€32,685 | €7,548 | +€40,233 | |
| Operating profit (loss) | 9901 | -€34,248 | €6,264 | +€40,513 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +233% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +233% |
| Financial charges | 65/66B | €269 | €138 | -€131 | -48.8% |
| Recurring financial charges | 65 | €269 | €138 | -€131 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,518 | €6,127 | +€40,644 | |
| Income taxes | 67/77 | - | €557 | +€557 | |
| Profit (loss) for the period | 9904 | -€34,518 | €5,570 | +€40,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,518 | €5,570 | +€40,087 |
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 20 October 2026 via checked.be.