POPMARK: 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.
POPMARK
Largest movements
- Tangible fixed assets +€224,906
up €224,906 (+56.7%), from €396,989 to €621,895
of which Land and buildings: +€154,727
- Cash -€108,854
down €108,854 (-39.3%), from €277,242 to €168,388
mainly Investment in fixed assets (net) (-€272,216) and Contributions, distributions and other (-€23,159)
- Receivables within one year +€18,150
new in 2025: €18,150
- Debts after one year +€81,627
up €81,627 (+1,420%), from €5,750 to €87,377
- Reserves +€20,043
up €20,043 (+2.7%), from €743,083 to €763,126
of which Distributable reserves: +€20,043
- Current portion of long-term debt +€18,215
up €18,215 (+158%), from €11,500 to €29,715
- Other debts +€13,008
up €13,008 (+10,324%), from €126 to €13,134
- Gross operating margin +€26,181
up €26,181 (+48.2%), from €54,361 to €80,543
- Depreciation +€17,199
up €17,199 (+57.1%), from €30,112 to €47,310
- Financial income +€6,267
up €6,267 (+26.0%), from €24,077 to €30,345
- Other operating charges +€3,738
up €3,738 (+119%), from €3,147 to €6,885
- Financial charges +€1,739
up €1,739 (+144%), from €1,208 to €2,947
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 | €811,357 | €945,914 | +€134,557 | +16.6% |
| Fixed assets | 21/28 | €531,107 | €756,013 | +€224,906 | +42.3% |
| Tangible fixed assets | 22/27 | €396,989 | €621,895 | +€224,906 | +56.7% |
| Land and buildings | 22 | €341,967 | €496,694 | +€154,727 | +45.2% |
| Plant, machinery and equipment | 23 | €34,295 | €107,491 | +€73,196 | +213% |
| Furniture and vehicles | 24 | €20,728 | €17,711 | -€3,017 | -14.6% |
| Financial fixed assets | 28 | €134,118 | €134,118 | = | 0.0% |
| Current assets | 29/58 | €280,250 | €189,901 | -€90,349 | -32.2% |
| Amounts receivable within one year | 40/41 | - | €18,150 | +€18,150 | |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Cash at bank and in hand | 54/58 | €277,242 | €168,388 | -€108,854 | -39.3% |
| Deferred charges and accrued income | 490/1 | €3,008 | €3,363 | +€356 | +11.8% |
| Total equity and liabilities | 10/49 | €811,357 | €945,914 | +€134,557 | +16.6% |
| Equity | 10/15 | €749,345 | €769,388 | +€20,043 | +2.7% |
| Contributions | 10/11 | €6,262 | €6,262 | = | 0.0% |
| Reserves | 13 | €743,083 | €763,126 | +€20,043 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,195 | €13,195 | = | 0.0% |
| Distributable reserves | 133 | €728,029 | €748,072 | +€20,043 | +2.8% |
| Amounts payable | 17/49 | €62,012 | €176,526 | +€114,514 | +185% |
| Amounts payable after more than one year | 17 | €5,750 | €87,377 | +€81,627 | +1,420% |
| Financial debts | 170/4 | €5,750 | €87,377 | +€81,627 | +1,420% |
| Amounts payable within one year | 42/48 | €56,261 | €89,149 | +€32,887 | +58.5% |
| Current portion of amounts payable after more than one year | 42 | €11,500 | €29,715 | +€18,215 | +158% |
| Trade debts | 44 | €24,004 | €16,382 | -€7,622 | -31.8% |
| Suppliers | 440/4 | €24,004 | €16,382 | -€7,622 | -31.8% |
| Taxes, remuneration and social security | 45 | €20,632 | €29,918 | +€9,287 | +45.0% |
| Taxes | 450/3 | €20,632 | €29,918 | +€9,287 | +45.0% |
| Other amounts payable | 47/48 | €126 | €13,134 | +€13,008 | +10,324% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,112 | €47,310 | +€17,199 | +57.1% |
| Other operating charges | 640/8 | €3,147 | €6,885 | +€3,738 | +119% |
| Gross operating margin | 9900 | €54,361 | €80,543 | +€26,181 | +48.2% |
| Operating profit (loss) | 9901 | €21,102 | €26,347 | +€5,245 | +24.9% |
| Financial income | 75/76B | €24,077 | €30,345 | +€6,267 | +26.0% |
| Recurring financial income | 75 | €24,077 | €30,345 | +€6,267 | +26.0% |
| Financial charges | 65/66B | €1,208 | €2,947 | +€1,739 | +144% |
| Recurring financial charges | 65 | €1,208 | €2,947 | +€1,739 | +144% |
| Profit (loss) for the period before taxes | 9903 | €43,972 | €53,745 | +€9,773 | +22.2% |
| Income taxes | 67/77 | €9,005 | €10,543 | +€1,539 | +17.1% |
| Profit (loss) for the period | 9904 | €34,967 | €43,202 | +€8,235 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,967 | €43,202 | +€8,235 | +23.6% |
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 24 October 2026 via checked.be.