POPPE IMMO: 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 IMMO
Largest movements
- Tangible fixed assets +€571,248
up €571,248 (+169%), from €337,024 to €908,272
of which Land and buildings: +€572,019
- Revaluation surpluses +€572,019
new in 2025: €572,019
- Depreciation -€26,483
down €26,483 (-97.2%), from €27,255 to €772
- Gross operating margin -€14,753
down €14,753 (-65.7%), from €22,467 to €7,714
- Purchases and services +€13,743
up €13,743 (+132%), from €10,439 to €24,182
- Financial charges -€769
down €769 (-80.2%), from €959 to €190
- Turnover +€590
up €590 (+1.9%), from €31,306 to €31,896
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 | €413,589 | €981,877 | +€568,288 | +137% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €337,024 | €908,272 | +€571,248 | +169% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €337,024 | €908,272 | +€571,248 | +169% |
| Land and buildings | 22 | €335,481 | €907,500 | +€572,019 | +171% |
| Plant, machinery and equipment | 23 | €1,543 | €772 | -€772 | -50.0% |
| Current assets | 29/58 | €76,565 | €73,605 | -€2,959 | -3.9% |
| Amounts receivable within one year | 40/41 | €9,483 | €9,483 | = | 0.0% |
| Other amounts receivable | 41 | €9,483 | €9,483 | = | 0.0% |
| Current investments | 50/53 | €10,116 | €10,192 | +€77 | +0.8% |
| Cash at bank and in hand | 54/58 | €56,966 | €53,930 | -€3,036 | -5.3% |
| Total equity and liabilities | 10/49 | €413,589 | €981,877 | +€568,288 | +137% |
| Equity | 10/15 | €370,177 | €942,320 | +€572,143 | +155% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €572,019 | +€572,019 | |
| Reserves | 13 | €308,177 | €308,301 | +€124 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €301,977 | €302,101 | +€124 | 0.0% |
| Amounts payable | 17/49 | €43,411 | €39,557 | -€3,855 | -8.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €43,411 | €39,557 | -€3,855 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €9,177 | - | -€9,177 | |
| Trade debts | 44 | €624 | €5,819 | +€5,196 | +833% |
| Suppliers | 440/4 | €624 | €5,819 | +€5,196 | +833% |
| Taxes, remuneration and social security | 45 | €170 | €170 | = | 0.0% |
| Taxes | 450/3 | €170 | €170 | = | 0.0% |
| Other amounts payable | 47/48 | €33,440 | €33,567 | +€127 | +0.4% |
| Turnover | 70 | €31,306 | €31,896 | +€590 | +1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,439 | €24,182 | +€13,743 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,255 | €772 | -€26,483 | -97.2% |
| Other operating charges | 640/8 | €6,991 | €6,707 | -€284 | -4.1% |
| Gross operating margin | 9900 | €22,467 | €7,714 | -€14,753 | -65.7% |
| Operating profit (loss) | 9901 | -€11,778 | €236 | +€12,014 | |
| Financial income | 75/76B | €41 | €92 | +€51 | +123% |
| Recurring financial income | 75 | €41 | €92 | +€51 | +123% |
| Financial charges | 65/66B | €959 | €190 | -€769 | -80.2% |
| Recurring financial charges | 65 | €959 | €190 | -€769 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,696 | €137 | +€12,834 | |
| Income taxes | 67/77 | €177 | €14 | -€163 | -92.2% |
| Profit (loss) for the period | 9904 | -€12,873 | €124 | +€12,996 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,873 | €124 | +€12,996 |
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 30 October 2026 via checked.be.