Popan Electro-Constructions: 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.
Popan Electro-Constructions
Largest movements
- Receivables within one year -€25,056
down €25,056 (-39.6%), from €63,329 to €38,274
of which Other amounts receivable: -€25,464
- Cash -€6,420
down €6,420 (-49.5%), from €12,957 to €6,537
mainly Contributions, distributions and other (-€18,844) and Trade debts (-€17,870)
- Stocks and contracts -€3,500
down €3,500 (-87.5%), from €4,000 to €500
- Reserves -€17,950
down €17,950 (-77.7%), from €23,114 to €5,164
of which Distributable reserves: -€17,950
- Trade debts -€17,870
no longer reported in 2025 (was €17,870)
- Tax, wage and social debts +€1,720
up €1,720 (+92.0%), from €1,869 to €3,589
- Purchases and services +€43,562
up €43,562 (+26.9%), from €162,019 to €205,581
- Depreciation -€3,608
down €3,608 (-72.2%), from €4,999 to €1,391
- Other operating charges +€1,443
up €1,443 (+102%), from €1,421 to €2,865
- Gross operating margin +€723
up €723 (+11.7%), from €6,155 to €6,878
- Financial charges -€620
down €620 (-44.6%), from €1,390 to €770
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 | €83,004 | €48,166 | -€34,837 | -42.0% |
| Fixed assets | 21/28 | €2,097 | €2,267 | +€170 | +8.1% |
| Tangible fixed assets | 22/27 | €2,097 | €2,267 | +€170 | +8.1% |
| Plant, machinery and equipment | 23 | €610 | €1,821 | +€1,211 | +198% |
| Furniture and vehicles | 24 | €1,287 | €374 | -€913 | -70.9% |
| Other tangible fixed assets | 26 | €200 | €72 | -€127 | -63.7% |
| Current assets | 29/58 | €80,907 | €45,899 | -€35,008 | -43.3% |
| Stocks and contracts in progress | 3 | €4,000 | €500 | -€3,500 | -87.5% |
| Stocks | 30/36 | €4,000 | €500 | -€3,500 | -87.5% |
| Amounts receivable within one year | 40/41 | €63,329 | €38,274 | -€25,056 | -39.6% |
| Trade receivables | 40 | €7,914 | €8,323 | +€409 | +5.2% |
| Other amounts receivable | 41 | €55,415 | €29,951 | -€25,464 | -46.0% |
| Cash at bank and in hand | 54/58 | €12,957 | €6,537 | -€6,420 | -49.5% |
| Deferred charges and accrued income | 490/1 | €620 | €588 | -€32 | -5.2% |
| Total equity and liabilities | 10/49 | €83,004 | €48,166 | -€34,837 | -42.0% |
| Equity | 10/15 | €62,527 | €44,577 | -€17,950 | -28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,114 | €5,164 | -€17,950 | -77.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,254 | €3,304 | -€17,950 | -84.5% |
| Profit (loss) carried forward | 14 | €20,813 | €20,813 | = | 0.0% |
| Amounts payable | 17/49 | €20,477 | €3,589 | -€16,887 | -82.5% |
| Amounts payable within one year | 42/48 | €20,477 | €3,589 | -€16,887 | -82.5% |
| Current portion of amounts payable after more than one year | 42 | €737 | - | -€737 | |
| Trade debts | 44 | €17,870 | - | -€17,870 | |
| Suppliers | 440/4 | €17,870 | - | -€17,870 | |
| Taxes, remuneration and social security | 45 | €1,869 | €3,589 | +€1,720 | +92.0% |
| Taxes | 450/3 | €1,869 | €3,589 | +€1,720 | +92.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €162,019 | €205,581 | +€43,562 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,999 | €1,391 | -€3,608 | -72.2% |
| Other operating charges | 640/8 | €1,421 | €2,865 | +€1,443 | +102% |
| Gross operating margin | 9900 | €6,155 | €6,878 | +€723 | +11.7% |
| Operating profit (loss) | 9901 | -€264 | €2,623 | +€2,888 | |
| Financial income | 75/76B | €5 | €7 | +€2 | +48.8% |
| Recurring financial income | 75 | €5 | €7 | +€2 | +48.8% |
| Financial charges | 65/66B | €1,390 | €770 | -€620 | -44.6% |
| Recurring financial charges | 65 | €1,390 | €770 | -€620 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,650 | €1,860 | +€3,510 | |
| Income taxes | 67/77 | €484 | €965 | +€481 | +99.3% |
| Profit (loss) for the period | 9904 | -€2,134 | €894 | +€3,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,134 | €894 | +€3,029 |
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 18 October 2026 via checked.be.