POPANT: what changed
Two fiscal 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.
POPANT
Largest movements
- Receivables after one year -€38,781
no longer reported in 2025 (was €38,781)
- Cash -€17,073
down €17,073 (-19.2%), from €88,747 to €71,674
mainly Contributions, distributions and other (-€61,181) and Other debts (-€21,117)
- Tangible fixed assets -€12,235
down €12,235 (-2.8%), from €438,772 to €426,538
of which Land and buildings: -€12,852
- Receivables within one year +€10,738
up €10,738 (+16.5%), from €65,194 to €75,932
of which Other amounts receivable: +€14,277
- Reserves -€33,581
down €33,581 (-21.9%), from €153,374 to €119,793
- Other debts -€21,117
down €21,117 (-22.3%), from €94,698 to €73,581
- Debts after one year -€18,807
down €18,807 (-5.3%), from €353,864 to €335,057
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Gross operating margin -€16,224
down €16,224 (-16.9%), from €95,947 to €79,722
- Taxes -€3,344
down €3,344 (-23.2%), from €14,409 to €11,065
- Financial charges -€1,410
down €1,410 (-13.4%), from €10,498 to €9,088
- Financial income -€1,134
down €1,134 (-45.9%), from €2,473 to €1,339
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.
Cash bridge derived
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 | €634,071 | €576,723 | -€57,348 | -9.0% |
| Fixed assets | 21/28 | €438,772 | €426,538 | -€12,235 | -2.8% |
| Tangible fixed assets | 22/27 | €438,772 | €426,538 | -€12,235 | -2.8% |
| Land and buildings | 22 | €429,878 | €417,026 | -€12,852 | -3.0% |
| Plant, machinery and equipment | 23 | €669 | €162 | -€507 | -75.7% |
| Furniture and vehicles | 24 | €8,225 | €9,349 | +€1,124 | +13.7% |
| Current assets | 29/58 | €195,299 | €150,185 | -€45,114 | -23.1% |
| Amounts receivable after more than one year | 29 | €38,781 | - | -€38,781 | |
| Other amounts receivable | 291 | €38,781 | - | -€38,781 | |
| Amounts receivable within one year | 40/41 | €65,194 | €75,932 | +€10,738 | +16.5% |
| Trade receivables | 40 | €29,835 | €26,296 | -€3,539 | -11.9% |
| Other amounts receivable | 41 | €35,359 | €49,636 | +€14,277 | +40.4% |
| Cash at bank and in hand | 54/58 | €88,747 | €71,674 | -€17,073 | -19.2% |
| Deferred charges and accrued income | 490/1 | €2,576 | €2,579 | +€3 | +0.1% |
| Total equity and liabilities | 10/49 | €634,071 | €576,723 | -€57,348 | -9.0% |
| Equity | 10/15 | €159,823 | €138,914 | -€20,909 | -13.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €153,374 | €119,793 | -€33,581 | -21.9% |
| Distributable reserves | 133 | €153,374 | €119,793 | -€33,581 | -21.9% |
| Profit (loss) carried forward | 14 | €248 | €521 | +€272 | +109.7% |
| Amounts payable | 17/49 | €474,248 | €437,809 | -€36,440 | -7.7% |
| Amounts payable after more than one year | 17 | €353,864 | €335,057 | -€18,807 | -5.3% |
| Financial debts | 170/4 | €353,864 | €335,057 | -€18,807 | -5.3% |
| Amounts payable within one year | 42/48 | €119,744 | €102,752 | -€16,993 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €18,472 | €18,807 | +€335 | +1.8% |
| Trade debts | 44 | €1,759 | €4,220 | +€2,461 | +139.9% |
| Suppliers | 440/4 | €1,759 | €4,220 | +€2,461 | +139.9% |
| Taxes, remuneration and social security | 45 | €4,815 | €6,143 | +€1,328 | +27.6% |
| Taxes | 450/3 | €4,815 | €6,143 | +€1,328 | +27.6% |
| Other amounts payable | 47/48 | €94,698 | €73,581 | -€21,117 | -22.3% |
| Accrued charges and deferred income | 492/3 | €640 | - | -€640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,364 | €17,639 | +€275 | +1.6% |
| Other operating charges | 640/8 | €2,901 | €2,996 | +€96 | +3.3% |
| Gross operating margin | 9900 | €95,947 | €79,722 | -€16,224 | -16.9% |
| Operating profit (loss) | 9901 | €75,682 | €59,087 | -€16,595 | -21.9% |
| Financial income | 75/76B | €2,473 | €1,339 | -€1,134 | -45.9% |
| Recurring financial income | 75 | €2,473 | €1,339 | -€1,134 | -45.9% |
| Financial charges | 65/66B | €10,498 | €9,088 | -€1,410 | -13.4% |
| Recurring financial charges | 65 | €10,498 | €9,088 | -€1,410 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €67,657 | €51,337 | -€16,320 | -24.1% |
| Income taxes | 67/77 | €14,409 | €11,065 | -€3,344 | -23.2% |
| Profit (loss) for the period | 9904 | €53,248 | €40,272 | -€12,976 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,248 | €40,272 | -€12,976 | -24.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.