POPPE-DEVLIEGHER: 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-DEVLIEGHER
Largest movements
- Tangible fixed assets +€608,093
up €608,093 (+24.1%), from €2.5m to €3.1m
of which Land and buildings: +€617,648
- Current investments -€470,000
down €470,000 (-82.3%), from €571,375 to €101,375
- Receivables after one year -€77,558
no longer reported in 2025 (was €77,558)
- Cash +€57,167
up €57,167 (+162%), from €35,301 to €92,468
mainly Debts after one year (+€647,944) and Current investments (+€470,000)
- Debts after one year +€647,944
up €647,944 (+456%), from €142,242 to €790,185
- Other debts -€575,442
down €575,442 (-35.8%), from €1.6m to €1.0m
- Current portion of long-term debt +€105,541
up €105,541 (+511%), from €20,667 to €126,208
- Profit (loss) carried forward -€38,341
down €38,341 (-34.1%), from €112,383 to €74,042
- Other operating charges +€77,560
up €77,560 (+415%), from €18,691 to €96,251
- Taxes +€43,617
up €43,617 (+685%), from €6,372 to €49,989
- Financial income -€34,900
down €34,900 (-66.7%), from €52,313 to €17,413
of which Non-recurring financial income: -€23,666
- Gross operating margin +€21,138
up €21,138 (+11.3%), from €187,557 to €208,695
- Depreciation +€10,096
up €10,096 (+10.1%), from €99,884 to €109,980
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 | €3,203,459 | €3,351,162 | +€147,703 | +4.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,519,226 | €3,127,319 | +€608,093 | +24.1% |
| Tangible fixed assets | 22/27 | €2,519,226 | €3,127,319 | +€608,093 | +24.1% |
| Land and buildings | 22 | €2,491,622 | €3,109,270 | +€617,648 | +24.8% |
| Furniture and vehicles | 24 | €27,604 | €18,049 | -€9,555 | -34.6% |
| Current assets | 29/58 | €684,233 | €223,843 | -€460,390 | -67.3% |
| Amounts receivable after more than one year | 29 | €77,558 | - | -€77,558 | |
| Other amounts receivable | 291 | €77,558 | - | -€77,558 | |
| Amounts receivable within one year | 40/41 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | - | €30,000 | +€30,000 | |
| Current investments | 50/53 | €571,375 | €101,375 | -€470,000 | -82.3% |
| Cash at bank and in hand | 54/58 | €35,301 | €92,468 | +€57,167 | +162% |
| Total equity and liabilities | 10/49 | €3,203,459 | €3,351,162 | +€147,703 | +4.6% |
| Equity | 10/15 | €1,428,411 | €1,390,070 | -€38,341 | -2.7% |
| Contributions | 10/11 | €1,030,000 | €1,030,000 | = | 0.0% |
| Reserves | 13 | €286,028 | €286,028 | = | 0.0% |
| Distributable reserves | 133 | €286,028 | €286,028 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,383 | €74,042 | -€38,341 | -34.1% |
| Amounts payable | 17/49 | €1,775,049 | €1,961,092 | +€186,043 | +10.5% |
| Amounts payable after more than one year | 17 | €142,242 | €790,185 | +€647,944 | +456% |
| Financial debts | 170/4 | €142,242 | €790,185 | +€647,944 | +456% |
| Amounts payable within one year | 42/48 | €1,632,807 | €1,170,907 | -€461,900 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €20,667 | €126,208 | +€105,541 | +511% |
| Trade debts | 44 | €5,541 | €13,542 | +€8,001 | +144% |
| Suppliers | 440/4 | €5,541 | €13,542 | +€8,001 | +144% |
| Other amounts payable | 47/48 | €1,606,598 | €1,031,157 | -€575,442 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,884 | €109,980 | +€10,096 | +10.1% |
| Other operating charges | 640/8 | €18,691 | €96,251 | +€77,560 | +415% |
| Gross operating margin | 9900 | €187,557 | €208,695 | +€21,138 | +11.3% |
| Operating profit (loss) | 9901 | €68,981 | €2,464 | -€66,518 | -96.4% |
| Financial income | 75/76B | €52,313 | €17,413 | -€34,900 | -66.7% |
| Recurring financial income | 75 | €28,647 | €17,413 | -€11,234 | -39.2% |
| Non-recurring financial income | 76B | €23,666 | - | -€23,666 | |
| Financial charges | 65/66B | €2,540 | €8,228 | +€5,688 | +224% |
| Recurring financial charges | 65 | €2,540 | €8,228 | +€5,688 | +224% |
| Profit (loss) for the period before taxes | 9903 | €118,755 | €11,648 | -€107,106 | -90.2% |
| Income taxes | 67/77 | €6,372 | €49,989 | +€43,617 | +685% |
| Profit (loss) for the period | 9904 | €112,383 | -€38,341 | -€150,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €112,383 | -€38,341 | -€150,723 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.