POP108: 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.
POP108
Largest movements
- Receivables within one year -€14,534
down €14,534 (-14.9%), from €97,455 to €82,922
of which Trade receivables: -€8,229
- Cash +€12,594
up €12,594 (+5,915%), from €213 to €12,807
mainly Other debts (+€14,973) and Receivables within one year (+€14,534)
- Tangible fixed assets -€5,434
down €5,434 (-32.1%), from €16,940 to €11,505
- Intangible fixed assets -€1,240
down €1,240 (-20.2%), from €6,153 to €4,913
- Trade debts -€26,457
down €26,457 (-45.8%), from €57,739 to €31,283
- Other debts +€14,973
up €14,973 (+54.8%), from €27,303 to €42,276
- Reserves +€3,000
up €3,000 (+15.8%), from €19,000 to €22,000
- Gross operating margin -€17,168
down €17,168 (-60.0%), from €28,604 to €11,436
- Taxes -€4,979
down €4,979 (-83.0%), from €6,000 to €1,021
- Depreciation +€4,734
up €4,734 (+200%), from €2,369 to €7,104
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 | €121,190 | €112,146 | -€9,043 | -7.5% |
| Formation expenses | 20 | €429 | €0 | -€429 | -100% |
| Fixed assets | 21/28 | €23,092 | €16,418 | -€6,674 | -28.9% |
| Intangible fixed assets | 21 | €6,153 | €4,913 | -€1,240 | -20.2% |
| Tangible fixed assets | 22/27 | €16,940 | €11,505 | -€5,434 | -32.1% |
| Furniture and vehicles | 24 | €16,940 | €11,505 | -€5,434 | -32.1% |
| Current assets | 29/58 | €97,668 | €95,729 | -€1,940 | -2.0% |
| Amounts receivable within one year | 40/41 | €97,455 | €82,922 | -€14,534 | -14.9% |
| Trade receivables | 40 | €86,151 | €77,922 | -€8,229 | -9.6% |
| Other amounts receivable | 41 | €11,305 | €5,000 | -€6,305 | -55.8% |
| Cash at bank and in hand | 54/58 | €213 | €12,807 | +€12,594 | +5,915% |
| Total equity and liabilities | 10/49 | €121,190 | €112,146 | -€9,043 | -7.5% |
| Equity | 10/15 | €29,662 | €32,499 | +€2,837 | +9.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €19,000 | €22,000 | +€3,000 | +15.8% |
| Distributable reserves | 133 | €19,000 | €22,000 | +€3,000 | +15.8% |
| Profit (loss) carried forward | 14 | €662 | €499 | -€163 | -24.6% |
| Amounts payable | 17/49 | €91,528 | €79,647 | -€11,880 | -13.0% |
| Amounts payable within one year | 42/48 | €91,528 | €79,160 | -€12,368 | -13.5% |
| Trade debts | 44 | €57,739 | €31,283 | -€26,457 | -45.8% |
| Suppliers | 440/4 | €57,739 | €31,283 | -€26,457 | -45.8% |
| Taxes, remuneration and social security | 45 | €6,485 | €5,601 | -€884 | -13.6% |
| Taxes | 450/3 | €6,485 | €5,601 | -€884 | -13.6% |
| Other amounts payable | 47/48 | €27,303 | €42,276 | +€14,973 | +54.8% |
| Accrued charges and deferred income | 492/3 | - | €487 | +€487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,369 | €7,104 | +€4,734 | +200% |
| Other operating charges | 640/8 | €487 | €400 | -€88 | -18.0% |
| Gross operating margin | 9900 | €28,604 | €11,436 | -€17,168 | -60.0% |
| Operating profit (loss) | 9901 | €25,747 | €3,933 | -€21,815 | -84.7% |
| Financial charges | 65/66B | €85 | €74 | -€11 | -12.7% |
| Recurring financial charges | 65 | €85 | €74 | -€11 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €25,662 | €3,858 | -€21,804 | -85.0% |
| Income taxes | 67/77 | €6,000 | €1,021 | -€4,979 | -83.0% |
| Profit (loss) for the period | 9904 | €19,662 | €2,837 | -€16,825 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,662 | €2,837 | -€16,825 | -85.6% |
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.