POPKORN: 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.
POPKORN
Largest movements
- Receivables within one year -€52,744
down €52,744 (-50.9%), from €103,575 to €50,831
of which Trade receivables: -€58,138
- Tangible fixed assets -€20,381
down €20,381 (-2.0%), from €1.0m to €992,929
of which Land and buildings: -€19,973
- Debts after one year -€52,732
down €52,732 (-5.1%), from €1.0m to €979,760
of which Financial debts: -€64,732
- Profit (loss) carried forward -€26,617
down €26,617 (-126%), from -€21,083 to -€47,700
- Trade debts -€19,639
down €19,639 (-91.8%), from €21,405 to €1,766
- Write-downs +€41,870
new in 2025: €41,870
- Financial charges +€4,868
up €4,868 (+17.8%), from €27,332 to €32,200
- Gross operating margin -€3,670
down €3,670 (-3.6%), from €102,006 to €98,335
- Depreciation +€1,660
up €1,660 (+3.8%), from €43,874 to €45,533
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 | €1,165,692 | €1,084,418 | -€81,274 | -7.0% |
| Fixed assets | 21/28 | €1,013,310 | €992,929 | -€20,381 | -2.0% |
| Tangible fixed assets | 22/27 | €1,013,310 | €992,929 | -€20,381 | -2.0% |
| Land and buildings | 22 | €1,012,780 | €992,807 | -€19,973 | -2.0% |
| Furniture and vehicles | 24 | €530 | €122 | -€408 | -77.0% |
| Current assets | 29/58 | €152,383 | €91,490 | -€60,893 | -40.0% |
| Amounts receivable after more than one year | 29 | €34,000 | €34,000 | = | 0.0% |
| Other amounts receivable | 291 | €34,000 | €34,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,575 | €50,831 | -€52,744 | -50.9% |
| Trade receivables | 40 | €103,575 | €45,437 | -€58,138 | -56.1% |
| Other amounts receivable | 41 | €0 | €5,394 | +€5,394 | |
| Cash at bank and in hand | 54/58 | €10,950 | €5,995 | -€4,955 | -45.2% |
| Deferred charges and accrued income | 490/1 | €3,858 | €664 | -€3,195 | -82.8% |
| Total equity and liabilities | 10/49 | €1,165,692 | €1,084,418 | -€81,274 | -7.0% |
| Equity | 10/15 | €16,372 | -€10,245 | -€26,617 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €17,455 | €17,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €17,455 | €17,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,083 | -€47,700 | -€26,617 | -126% |
| Amounts payable | 17/49 | €1,149,321 | €1,094,663 | -€54,657 | -4.8% |
| Amounts payable after more than one year | 17 | €1,032,492 | €979,760 | -€52,732 | -5.1% |
| Financial debts | 170/4 | €867,492 | €802,760 | -€64,732 | -7.5% |
| Other amounts payable | 178/9 | €165,000 | €177,000 | +€12,000 | +7.3% |
| Amounts payable within one year | 42/48 | €116,829 | €114,904 | -€1,925 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €62,567 | €64,732 | +€2,165 | +3.5% |
| Trade debts | 44 | €21,405 | €1,766 | -€19,639 | -91.8% |
| Suppliers | 440/4 | €21,405 | €1,766 | -€19,639 | -91.8% |
| Advances received on contracts in progress | 46 | - | €1,124 | +€1,124 | |
| Taxes, remuneration and social security | 45 | €15,610 | €21,131 | +€5,520 | +35.4% |
| Taxes | 450/3 | €15,610 | €18,331 | +€2,720 | +17.4% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €17,246 | €26,151 | +€8,905 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,874 | €45,533 | +€1,660 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €41,870 | +€41,870 | |
| Other operating charges | 640/8 | €5,613 | €5,192 | -€421 | -7.5% |
| Gross operating margin | 9900 | €102,006 | €98,335 | -€3,670 | -3.6% |
| Operating profit (loss) | 9901 | €52,519 | €5,740 | -€46,779 | -89.1% |
| Financial income | 75/76B | €205 | €109 | -€96 | -46.8% |
| Recurring financial income | 75 | €205 | €109 | -€96 | -46.8% |
| Financial charges | 65/66B | €27,332 | €32,200 | +€4,868 | +17.8% |
| Recurring financial charges | 65 | €27,332 | €32,200 | +€4,868 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €25,391 | -€26,352 | -€51,743 | |
| Income taxes | 67/77 | €249 | €264 | +€16 | +6.4% |
| Profit (loss) for the period | 9904 | €25,143 | -€26,617 | -€51,759 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,143 | -€26,617 | -€51,759 |
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 27 October 2026 via checked.be.