POPP: 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.
POPP
Largest movements
- Cash +€88,887
up €88,887 (+159%), from €56,068 to €144,955
mainly Net result for the year (+€137,516) and Other debts (+€71,874)
- Receivables within one year -€19,126
down €19,126 (-42.7%), from €44,784 to €25,658
of which Trade receivables: -€19,512
- Tangible fixed assets -€2,668
down €2,668 (-24.0%), from €11,131 to €8,463
of which Furniture and vehicles: -€3,629
- Other debts +€71,874
up €71,874 (+103%), from €69,758 to €141,632
- Current portion of long-term debt -€2,067
no longer reported in 2025 (was €2,067)
- Gross operating margin +€78,689
up €78,689 (+74.4%), from €105,826 to €184,515
- Taxes +€22,202
up €22,202 (+121%), from €18,412 to €40,614
- Depreciation -€13,540
down €13,540 (-75.5%), from €17,931 to €4,391
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 | €114,316 | €182,884 | +€68,568 | +60.0% |
| Fixed assets | 21/28 | €11,131 | €8,463 | -€2,668 | -24.0% |
| Tangible fixed assets | 22/27 | €11,131 | €8,463 | -€2,668 | -24.0% |
| Furniture and vehicles | 24 | €6,472 | €2,843 | -€3,629 | -56.1% |
| Other tangible fixed assets | 26 | €4,659 | €5,620 | +€961 | +20.6% |
| Current assets | 29/58 | €103,185 | €174,421 | +€71,236 | +69.0% |
| Amounts receivable within one year | 40/41 | €44,784 | €25,658 | -€19,126 | -42.7% |
| Trade receivables | 40 | €44,784 | €25,272 | -€19,512 | -43.6% |
| Other amounts receivable | 41 | - | €386 | +€386 | |
| Cash at bank and in hand | 54/58 | €56,068 | €144,955 | +€88,887 | +159% |
| Deferred charges and accrued income | 490/1 | €2,333 | €3,808 | +€1,475 | +63.2% |
| Total equity and liabilities | 10/49 | €114,316 | €182,884 | +€68,568 | +60.0% |
| Equity | 10/15 | €20,624 | €21,139 | +€516 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164 | €679 | +€516 | +315% |
| Amounts payable | 17/49 | €93,692 | €161,744 | +€68,052 | +72.6% |
| Amounts payable within one year | 42/48 | €93,692 | €161,712 | +€68,020 | +72.6% |
| Current portion of amounts payable after more than one year | 42 | €2,067 | - | -€2,067 | |
| Trade debts | 44 | €4,050 | €2,477 | -€1,573 | -38.8% |
| Suppliers | 440/4 | €4,050 | €2,477 | -€1,573 | -38.8% |
| Taxes, remuneration and social security | 45 | €17,817 | €17,603 | -€214 | -1.2% |
| Taxes | 450/3 | €15,783 | €17,603 | +€1,820 | +11.5% |
| Remuneration and social security | 454/9 | €2,034 | - | -€2,034 | |
| Other amounts payable | 47/48 | €69,758 | €141,632 | +€71,874 | +103% |
| Accrued charges and deferred income | 492/3 | - | €32 | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,931 | €4,391 | -€13,540 | -75.5% |
| Other operating charges | 640/8 | €109 | €1,284 | +€1,175 | +1,083% |
| Gross operating margin | 9900 | €105,826 | €184,515 | +€78,689 | +74.4% |
| Operating profit (loss) | 9901 | €87,787 | €178,840 | +€91,053 | +104% |
| Financial income | 75/76B | €8 | €14 | +€6 | +69.6% |
| Recurring financial income | 75 | €8 | €14 | +€6 | +69.6% |
| Financial charges | 65/66B | €139 | €724 | +€585 | +421% |
| Recurring financial charges | 65 | €139 | €724 | +€585 | +421% |
| Profit (loss) for the period before taxes | 9903 | €87,656 | €178,130 | +€90,474 | +103% |
| Income taxes | 67/77 | €18,412 | €40,614 | +€22,202 | +121% |
| Profit (loss) for the period | 9904 | €69,244 | €137,516 | +€68,272 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,244 | €137,516 | +€68,272 | +98.6% |
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 25 October 2026 via checked.be.