POPPE: 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.
POPPE
Largest movements
- Cash +€263,925
up €263,925 (+822%), from €32,101 to €296,026
mainly Net result for the year (+€130,427) and Investment in fixed assets (net) (+€112,514)
- Tangible fixed assets -€120,193
down €120,193 (-55.8%), from €215,242 to €95,049
of which Land and buildings: -€119,834
- Reserves +€130,427
up €130,427 (+592%), from €22,021 to €152,448
of which Distributable reserves: +€140,692
- Tax, wage and social debts +€21,879
new in 2025: €21,879
- Other debts -€4,317
down €4,317 (-66.1%), from €6,531 to €2,214
- Gross operating margin +€187,328
up €187,328 (+1,263%), from €14,835 to €202,163
- Taxes +€65,879
new in 2025: €65,879
- Depreciation -€5,007
down €5,007 (-39.5%), from €12,686 to €7,679
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 | €248,313 | €392,055 | +€143,742 | +57.9% |
| Fixed assets | 21/28 | €216,135 | €95,942 | -€120,193 | -55.6% |
| Tangible fixed assets | 22/27 | €215,242 | €95,049 | -€120,193 | -55.8% |
| Land and buildings | 22 | €214,161 | €94,327 | -€119,834 | -56.0% |
| Plant, machinery and equipment | 23 | €1,030 | €410 | -€619 | -60.1% |
| Furniture and vehicles | 24 | €51 | €311 | +€260 | +511% |
| Financial fixed assets | 28 | €893 | €893 | = | 0.0% |
| Current assets | 29/58 | €32,179 | €296,114 | +€263,935 | +820% |
| Amounts receivable within one year | 40/41 | €77 | €88 | +€10 | +13.4% |
| Trade receivables | 40 | €77 | €88 | +€10 | +13.4% |
| Cash at bank and in hand | 54/58 | €32,101 | €296,026 | +€263,925 | +822% |
| Total equity and liabilities | 10/49 | €248,313 | €392,055 | +€143,742 | +57.9% |
| Equity | 10/15 | €237,459 | €367,886 | +€130,427 | +54.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €22,021 | €152,448 | +€130,427 | +592% |
| Tax-exempt reserves | 132 | €10,265 | - | -€10,265 | |
| Distributable reserves | 133 | €11,756 | €152,448 | +€140,692 | +1,197% |
| Profit (loss) carried forward | 14 | €184,439 | €184,439 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,422 | - | -€3,422 | |
| Deferred taxes | 168 | €3,422 | - | -€3,422 | |
| Amounts payable | 17/49 | €7,433 | €24,169 | +€16,736 | +225% |
| Amounts payable within one year | 42/48 | €6,708 | €24,169 | +€17,461 | +260% |
| Trade debts | 44 | €177 | €76 | -€101 | -56.9% |
| Suppliers | 440/4 | €177 | €76 | -€101 | -56.9% |
| Taxes, remuneration and social security | 45 | - | €21,879 | +€21,879 | |
| Taxes | 450/3 | - | €21,879 | +€21,879 | |
| Other amounts payable | 47/48 | €6,531 | €2,214 | -€4,317 | -66.1% |
| Accrued charges and deferred income | 492/3 | €725 | - | -€725 | |
| Non-recurring operating income | 76A | - | €198,821 | +€198,821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,686 | €7,679 | -€5,007 | -39.5% |
| Other operating charges | 640/8 | €1,414 | €1,459 | +€45 | +3.2% |
| Gross operating margin | 9900 | €14,835 | €202,163 | +€187,328 | +1,263% |
| Operating profit (loss) | 9901 | €735 | €193,025 | +€192,289 | +26,145% |
| Financial charges | 65/66B | €153 | €141 | -€13 | -8.3% |
| Recurring financial charges | 65 | €153 | €141 | -€13 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €582 | €192,884 | +€192,302 | +33,031% |
| Transfer from deferred taxes | 780 | €187 | €3,422 | +€3,234 | +1,727% |
| Income taxes | 67/77 | - | €65,879 | +€65,879 | |
| Profit (loss) for the period | 9904 | €769 | €130,427 | +€129,658 | +16,851% |
| Transfer from tax-exempt reserves | 789 | €562 | €10,265 | +€9,703 | +1,727% |
| Profit (loss) for the period to be appropriated | 9905 | €1,331 | €140,692 | +€139,360 | +10,468% |
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 22 October 2026 via checked.be.