Poppimmo: what changed
Two fiscal 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.
What changed
Poppimmo
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€17,864
2024 · €28,259-€10,395
Equity
€999,414
2024 · €981,550+€17,864
Cash
€4,924
2024 · €3,821+€1,103
Balance sheet total
€1.4m
2024 · €1.6m-€208,870
Largest movements
Assets
- Receivables within one year -€233,280
down €233,280 (-63.7%), from €366,502 to €133,223
of which Other amounts receivable: -€227,749
- Tangible fixed assets +€22,792
up €22,792 (+1.9%), from €1.2m to €1.2m
Equity and liabilities
- Other debts -€171,571
down €171,571 (-52.7%), from €325,731 to €154,160
- Debts after one year -€60,845
down €60,845 (-32.8%), from €185,616 to €124,771
- Reserves +€17,853
up €17,853 (+17.7%), from €101,119 to €118,972
of which Distributable reserves: +€20,000
Income statement
- Financial income -€10,479
down €10,479 (-86.0%), from €12,191 to €1,712
- Services and other goods +€8,935
up €8,935 (+60.7%), from €14,722 to €23,657
- Taxes -€3,438
down €3,438 (-32.4%), from €10,600 to €7,162
- Turnover +€2,590
up €2,590 (+3.1%), from €84,288 to €86,878
- Financial charges -€2,288
down €2,288 (-29.0%), from €7,898 to €5,610
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.
Result 2024
€28,259
Turnover
+€2,590
Other operating income
+€1,960
Services and other goods
-€8,935
Depreciation
-€934
Other operating charges
-€4
Other operating items
-€398
Financial income
-€10,479
Financial charges
+€2,288
Taxes
+€3,438
Deferred taxes and other
+€78
Result 2025
€17,864
Cash bridge derived
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.
From operations
+€113,644
Investment
-€52,851
Financing
-€59,690
Cash 2024
€3,821
From operations (derived)
+€113,644
Net result for the year
+€17,864
Depreciation
+€30,059
Receivables within one year
+€233,280
Deferred charges and accrued income
-€515
Provisions
-€716
Trade debts
+€2,834
Tax, wage and social debts
+€3,572
Other debts
-€171,571
Accrued charges and deferred income
-€1,163
Investment (derived)
-€52,851
Investment in fixed assets (net)
-€52,851
Financing
-€59,690
Debts after one year
-€60,845
Current portion of long-term debt
+€1,155
Cash 2025
€4,924
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,588,890 | €1,380,021 | -€208,870 | -13.1% |
| Fixed assets | 21/28 | €1,212,646 | €1,235,438 | +€22,792 | +1.9% |
| Tangible fixed assets | 22/27 | €1,212,646 | €1,235,438 | +€22,792 | +1.9% |
| Land and buildings | 22 | €1,212,646 | €1,235,438 | +€22,792 | +1.9% |
| Current assets | 29/58 | €376,245 | €144,583 | -€231,661 | -61.6% |
| Amounts receivable within one year | 40/41 | €366,502 | €133,223 | -€233,280 | -63.7% |
| Trade receivables | 40 | €7,708 | €2,178 | -€5,530 | -71.7% |
| Other amounts receivable | 41 | €358,794 | €131,045 | -€227,749 | -63.5% |
| Cash at bank and in hand | 54/58 | €3,821 | €4,924 | +€1,103 | +28.9% |
| Deferred charges and accrued income | 490/1 | €5,921 | €6,436 | +€515 | +8.7% |
| Total equity and liabilities | 10/49 | €1,588,890 | €1,380,021 | -€208,870 | -13.1% |
| Equity | 10/15 | €981,550 | €999,414 | +€17,864 | +1.8% |
| Contributions | 10/11 | €878,602 | €878,602 | = | 0.0% |
| Reserves | 13 | €101,119 | €118,972 | +€17,853 | +17.7% |
| Tax-exempt reserves | 132 | €75,119 | €72,972 | -€2,147 | -2.9% |
| Distributable reserves | 133 | €26,000 | €46,000 | +€20,000 | +76.9% |
| Profit (loss) carried forward | 14 | €1,829 | €1,840 | +€11 | +0.6% |
| Provisions and deferred taxes | 16 | €25,040 | €24,324 | -€716 | -2.9% |
| Deferred taxes | 168 | €25,040 | €24,324 | -€716 | -2.9% |
| Amounts payable | 17/49 | €582,300 | €356,282 | -€226,018 | -38.8% |
| Amounts payable after more than one year | 17 | €185,616 | €124,771 | -€60,845 | -32.8% |
| Financial debts | 170/4 | €185,616 | €124,771 | -€60,845 | -32.8% |
| Credit institutions | 173 | €185,616 | €124,771 | -€60,845 | -32.8% |
| Amounts payable within one year | 42/48 | €392,110 | €228,100 | -€164,010 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €59,690 | €60,845 | +€1,155 | +1.9% |
| Trade debts | 44 | €2,999 | €5,833 | +€2,834 | +94.5% |
| Suppliers | 440/4 | €2,999 | €5,833 | +€2,834 | +94.5% |
| Taxes, remuneration and social security | 45 | €3,690 | €7,262 | +€3,572 | +96.8% |
| Taxes | 450/3 | €3,690 | €7,262 | +€3,572 | +96.8% |
| Other amounts payable | 47/48 | €325,731 | €154,160 | -€171,571 | -52.7% |
| Accrued charges and deferred income | 492/3 | €4,575 | €3,412 | -€1,163 | -25.4% |
| Operating income | 70/76A | €87,459 | €91,611 | +€4,153 | +4.7% |
| Turnover | 70 | €84,288 | €86,878 | +€2,590 | +3.1% |
| Other operating income | 74 | €2,773 | €4,734 | +€1,960 | +70.7% |
| Non-recurring operating income | 76A | €398 | - | -€398 | |
| Operating charges | 60/66A | €53,530 | €63,403 | +€9,874 | +18.4% |
| Services and other goods | 61 | €14,722 | €23,657 | +€8,935 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,125 | €30,059 | +€934 | +3.2% |
| Other operating charges | 640/8 | €9,683 | €9,687 | +€4 | 0.0% |
| Operating profit (loss) | 9901 | €33,929 | €28,208 | -€5,721 | -16.9% |
| Financial income | 75/76B | €12,191 | €1,712 | -€10,479 | -86.0% |
| Recurring financial income | 75 | €12,191 | €1,712 | -€10,479 | -86.0% |
| Income from current assets | 751 | €673 | €1,711 | +€1,038 | +154.2% |
| Other financial income | 752/9 | €11,518 | €1 | -€11,517 | -100.0% |
| Financial charges | 65/66B | €7,898 | €5,610 | -€2,288 | -29.0% |
| Recurring financial charges | 65 | €7,898 | €5,610 | -€2,288 | -29.0% |
| Debt charges | 650 | €7,731 | €5,418 | -€2,313 | -29.9% |
| Other financial charges | 652/9 | €167 | €192 | +€25 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €38,222 | €24,310 | -€13,912 | -36.4% |
| Transfer from deferred taxes | 780 | €637 | €716 | +€78 | +12.3% |
| Income taxes | 67/77 | €10,600 | €7,162 | -€3,438 | -32.4% |
| Taxes | 670/3 | €10,600 | €7,162 | -€3,438 | -32.4% |
| Profit (loss) for the period | 9904 | €28,259 | €17,864 | -€10,395 | -36.8% |
| Transfer from tax-exempt reserves | 789 | €1,911 | €2,147 | +€235 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,170 | €20,011 | -€10,160 | -33.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.