POPCORN: 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.
POPCORN
Largest movements
- Cash +€11,220
up €11,220 (+118.3%), from €9,483 to €20,703
mainly Debts after one year (+€121,762) and Depreciation (+€23,643)
- Receivables within one year +€9,950
up €9,950 (+37.9%), from €26,239 to €36,189
of which Other amounts receivable: +€8,744
- Tangible fixed assets -€7,643
down €7,643 (-1.9%), from €406,555 to €398,911
of which Land and buildings: -€23,526
- Debts after one year +€121,762
up €121,762 (+97.9%), from €124,409 to €246,171
- Current portion of long-term debt -€89,666
down €89,666 (-100.0%), from €89,666 to €0
- Other debts -€41,519
down €41,519 (-30.2%), from €137,521 to €96,002
- Trade debts +€15,251
up €15,251 (+193.2%), from €7,894 to €23,145
- Accrued charges and deferred income +€6,899
new in 2025: €6,899
- Gross operating margin +€29,777
up €29,777 (+144.3%), from €20,642 to €50,419
- Financial charges +€4,232
up €4,232 (+34.4%), from €12,312 to €16,544
- Other operating charges -€1,704
down €1,704 (-33.5%), from €5,093 to €3,389
- Staff costs +€681
up €681 (+144.2%), from €472 to €1,153
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 | €451,117 | €464,156 | +€13,039 | +2.9% |
| Fixed assets | 21/28 | €406,555 | €398,911 | -€7,643 | -1.9% |
| Tangible fixed assets | 22/27 | €406,555 | €398,911 | -€7,643 | -1.9% |
| Land and buildings | 22 | €406,087 | €382,560 | -€23,526 | -5.8% |
| Plant, machinery and equipment | 23 | €468 | €351 | -€117 | -25.0% |
| Assets under construction and advance payments | 27 | - | €16,000 | +€16,000 | |
| Current assets | 29/58 | €44,562 | €65,245 | +€20,683 | +46.4% |
| Stocks and contracts in progress | 3 | €8,840 | €8,353 | -€487 | -5.5% |
| Stocks | 30/36 | €8,840 | €8,353 | -€487 | -5.5% |
| Amounts receivable within one year | 40/41 | €26,239 | €36,189 | +€9,950 | +37.9% |
| Trade receivables | 40 | €980 | €2,186 | +€1,206 | +123.1% |
| Other amounts receivable | 41 | €25,259 | €34,003 | +€8,744 | +34.6% |
| Cash at bank and in hand | 54/58 | €9,483 | €20,703 | +€11,220 | +118.3% |
| Total equity and liabilities | 10/49 | €451,117 | €464,156 | +€13,039 | +2.9% |
| Equity | 10/15 | €75,180 | €81,121 | +€5,941 | +7.9% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,820 | -€116,879 | +€5,941 | +4.8% |
| Amounts payable | 17/49 | €375,937 | €383,035 | +€7,098 | +1.9% |
| Amounts payable after more than one year | 17 | €124,409 | €246,171 | +€121,762 | +97.9% |
| Financial debts | 170/4 | €124,409 | €246,171 | +€121,762 | +97.9% |
| Amounts payable within one year | 42/48 | €251,528 | €129,965 | -€121,563 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €89,666 | €0 | -€89,666 | -100.0% |
| Trade debts | 44 | €7,894 | €23,145 | +€15,251 | +193.2% |
| Suppliers | 440/4 | €7,894 | €23,145 | +€15,251 | +193.2% |
| Advances received on contracts in progress | 46 | €1,302 | €0 | -€1,302 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,145 | €10,817 | -€4,328 | -28.6% |
| Taxes | 450/3 | €13,855 | €10,042 | -€3,814 | -27.5% |
| Remuneration and social security | 454/9 | €1,290 | €776 | -€514 | -39.8% |
| Other amounts payable | 47/48 | €137,521 | €96,002 | -€41,519 | -30.2% |
| Accrued charges and deferred income | 492/3 | - | €6,899 | +€6,899 | |
| Remuneration, social security and pensions | 62 | €472 | €1,153 | +€681 | +144.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,643 | €23,643 | = | 0.0% |
| Other operating charges | 640/8 | €5,093 | €3,389 | -€1,704 | -33.5% |
| Gross operating margin | 9900 | €20,642 | €50,419 | +€29,777 | +144.3% |
| Operating profit (loss) | 9901 | -€8,567 | €22,234 | +€30,800 | |
| Financial income | 75/76B | €0 | €252 | +€252 | |
| Recurring financial income | 75 | €0 | €252 | +€252 | |
| Financial charges | 65/66B | €12,312 | €16,544 | +€4,232 | +34.4% |
| Recurring financial charges | 65 | €12,312 | €16,544 | +€4,232 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€20,879 | €5,941 | +€26,821 | |
| Profit (loss) for the period | 9904 | -€20,879 | €5,941 | +€26,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,879 | €5,941 | +€26,821 |
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 1 October 2026 via checked.be.