POPERIM: 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.
POPERIM
Largest movements
- Tangible fixed assets -€22,160
down €22,160 (-80.7%), from €27,466 to €5,306
of which Furniture and vehicles: -€25,960
- Receivables within one year +€18,123
up €18,123 (+288%), from €6,286 to €24,409
- Cash -€1,451
down €1,451 (-39.3%), from €3,695 to €2,244
mainly Debts after one year (-€18,969) and Receivables within one year (-€18,123)
- Profit (loss) carried forward +€20,812
up €20,812 (+53.4%), from -€39,009 to -€18,196
- Debts after one year -€18,969
no longer reported in 2025 (was €18,969)
- Other debts -€11,165
down €11,165 (-53.1%), from €21,028 to €9,863
- Tax, wage and social debts +€9,619
up €9,619 (+395%), from €2,433 to €12,052
- Current portion of long-term debt -€6,992
no longer reported in 2025 (was €6,992)
- Gross operating margin +€23,065
up €23,065 (+116%), from €19,803 to €42,868
- Taxes +€8,894
up €8,894 (+448%), from €1,985 to €10,879
- Other operating charges +€8,830
up €8,830 (+856%), from €1,032 to €9,862
- Depreciation -€7,745
down €7,745 (-97.7%), from €7,925 to €180
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 | €37,691 | €32,289 | -€5,402 | -14.3% |
| Fixed assets | 21/28 | €27,466 | €5,306 | -€22,160 | -80.7% |
| Tangible fixed assets | 22/27 | €27,466 | €5,306 | -€22,160 | -80.7% |
| Furniture and vehicles | 24 | €27,466 | €1,506 | -€25,960 | -94.5% |
| Other tangible fixed assets | 26 | - | €3,800 | +€3,800 | |
| Current assets | 29/58 | €10,225 | €26,983 | +€16,758 | +164% |
| Amounts receivable within one year | 40/41 | €6,286 | €24,409 | +€18,123 | +288% |
| Trade receivables | 40 | €6,286 | €24,409 | +€18,123 | +288% |
| Cash at bank and in hand | 54/58 | €3,695 | €2,244 | -€1,451 | -39.3% |
| Deferred charges and accrued income | 490/1 | €244 | €330 | +€86 | +35.5% |
| Total equity and liabilities | 10/49 | €37,691 | €32,289 | -€5,402 | -14.3% |
| Equity | 10/15 | -€14,009 | €6,804 | +€20,812 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,009 | -€18,196 | +€20,812 | +53.4% |
| Amounts payable | 17/49 | €51,700 | €25,485 | -€26,215 | -50.7% |
| Amounts payable after more than one year | 17 | €18,969 | - | -€18,969 | |
| Financial debts | 170/4 | €18,969 | - | -€18,969 | |
| Amounts payable within one year | 42/48 | €32,731 | €25,485 | -€7,246 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €6,992 | - | -€6,992 | |
| Trade debts | 44 | €2,278 | €3,570 | +€1,292 | +56.7% |
| Suppliers | 440/4 | €2,278 | €3,570 | +€1,292 | +56.7% |
| Taxes, remuneration and social security | 45 | €2,433 | €12,052 | +€9,619 | +395% |
| Taxes | 450/3 | €2,433 | €12,052 | +€9,619 | +395% |
| Other amounts payable | 47/48 | €21,028 | €9,863 | -€11,165 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,925 | €180 | -€7,745 | -97.7% |
| Other operating charges | 640/8 | €1,032 | €9,862 | +€8,830 | +856% |
| Gross operating margin | 9900 | €19,803 | €42,868 | +€23,065 | +116% |
| Operating profit (loss) | 9901 | €10,846 | €32,826 | +€21,980 | +203% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,512 | €1,136 | -€376 | -24.9% |
| Recurring financial charges | 65 | €1,512 | €1,136 | -€376 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €9,334 | €31,691 | +€22,357 | +240% |
| Income taxes | 67/77 | €1,985 | €10,879 | +€8,894 | +448% |
| Profit (loss) for the period | 9904 | €7,349 | €20,812 | +€13,463 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €7,349 | €20,812 | +€13,463 | +183% |
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 17 October 2026 via checked.be.