Poplar: 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.
Poplar
Largest movements
- Current investments -€598,642
down €598,642 (-85.3%), from €701,980 to €103,338
- Cash +€71,170
up €71,170 (+27.0%), from €263,534 to €334,703
mainly Current investments (+€598,642) and Net result for the year (+€218,725)
- Financial fixed assets +€52,669
up €52,669 (+23.7%), from €222,645 to €275,314
- Other debts -€387,535
down €387,535 (-64.9%), from €596,691 to €209,156
- Tax, wage and social debts -€52,094
down €52,094 (-45.0%), from €115,748 to €63,653
- Reserves -€31,275
down €31,275 (-8.3%), from €378,570 to €347,294
- Debts after one year -€14,264
down €14,264 (-38.8%), from €36,777 to €22,513
- Financial income -€224,660
down €224,660 (-69.7%), from €322,481 to €97,821
- Gross operating margin -€19,934
down €19,934 (-9.1%), from €218,220 to €198,287
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 | €1,228,459 | €746,981 | -€481,478 | -39.2% |
| Fixed assets | 21/28 | €261,723 | €308,941 | +€47,217 | +18.0% |
| Tangible fixed assets | 22/27 | €39,078 | €33,627 | -€5,451 | -14.0% |
| Furniture and vehicles | 24 | €39,078 | €33,627 | -€5,451 | -14.0% |
| Financial fixed assets | 28 | €222,645 | €275,314 | +€52,669 | +23.7% |
| Current assets | 29/58 | €966,736 | €438,041 | -€528,695 | -54.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €701,980 | €103,338 | -€598,642 | -85.3% |
| Cash at bank and in hand | 54/58 | €263,534 | €334,703 | +€71,170 | +27.0% |
| Deferred charges and accrued income | 490/1 | €1,223 | €0 | -€1,223 | -100.0% |
| Total equity and liabilities | 10/49 | €1,228,459 | €746,981 | -€481,478 | -39.2% |
| Equity | 10/15 | €458,570 | €427,294 | -€31,275 | -6.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €378,570 | €347,294 | -€31,275 | -8.3% |
| Distributable reserves | 133 | €378,570 | €347,294 | -€31,275 | -8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €769,889 | €319,687 | -€450,202 | -58.5% |
| Amounts payable after more than one year | 17 | €36,777 | €22,513 | -€14,264 | -38.8% |
| Financial debts | 170/4 | €36,777 | €22,513 | -€14,264 | -38.8% |
| Amounts payable within one year | 42/48 | €733,112 | €297,174 | -€435,938 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €13,696 | €14,264 | +€568 | +4.2% |
| Financial debts | 43 | €108 | €0 | -€108 | -100.0% |
| Credit institutions | 430/8 | €108 | €0 | -€108 | -100.0% |
| Trade debts | 44 | €6,870 | €10,101 | +€3,230 | +47.0% |
| Suppliers | 440/4 | €6,870 | €10,101 | +€3,230 | +47.0% |
| Taxes, remuneration and social security | 45 | €115,748 | €63,653 | -€52,094 | -45.0% |
| Taxes | 450/3 | €115,748 | €63,653 | -€52,094 | -45.0% |
| Other amounts payable | 47/48 | €596,691 | €209,156 | -€387,535 | -64.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €15,013 | €0 | -€15,013 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,485 | €27,303 | -€1,182 | -4.1% |
| Other operating charges | 640/8 | €2,917 | €2,268 | -€648 | -22.2% |
| Gross operating margin | 9900 | €218,220 | €198,287 | -€19,934 | -9.1% |
| Operating profit (loss) | 9901 | €186,818 | €168,715 | -€18,103 | -9.7% |
| Financial income | 75/76B | €322,481 | €97,821 | -€224,660 | -69.7% |
| Recurring financial income | 75 | €322,481 | €97,821 | -€224,660 | -69.7% |
| Financial charges | 65/66B | €2,736 | €2,257 | -€479 | -17.5% |
| Recurring financial charges | 65 | €2,736 | €2,257 | -€479 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €506,563 | €264,279 | -€242,284 | -47.8% |
| Income taxes | 67/77 | €45,210 | €45,555 | +€344 | +0.8% |
| Profit (loss) for the period | 9904 | €461,353 | €218,725 | -€242,628 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €461,353 | €218,725 | -€242,628 | -52.6% |
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 30 September 2026 via checked.be.