Poppin: 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.
Poppin
Largest movements
- Cash +€28,721
up €28,721 (+47.5%), from €60,502 to €89,223
mainly Net result for the year (+€31,704) and Depreciation (+€24,255)
- Tangible fixed assets -€24,255
down €24,255 (-8.2%), from €296,401 to €272,146
of which Furniture and vehicles: -€17,346
- Receivables within one year -€11,350
down €11,350 (-27.1%), from €41,831 to €30,481
of which Other amounts receivable: -€37,014
- Debts after one year -€33,869
down €33,869 (-12.8%), from €265,180 to €231,312
- Reserves +€27,374
up €27,374 (+31.9%), from €85,921 to €113,295
- Gross operating margin +€10,344
up €10,344 (+15.4%), from €67,309 to €77,653
- Taxes +€3,361
up €3,361 (+36.9%), from €9,109 to €12,471
- Financial charges -€1,022
down €1,022 (-14.2%), from €7,196 to €6,174
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,959 | €391,850 | -€8,109 | -2.0% |
| Fixed assets | 21/28 | €296,401 | €272,146 | -€24,255 | -8.2% |
| Tangible fixed assets | 22/27 | €296,401 | €272,146 | -€24,255 | -8.2% |
| Land and buildings | 22 | €234,967 | €228,058 | -€6,909 | -2.9% |
| Furniture and vehicles | 24 | €61,434 | €44,088 | -€17,346 | -28.2% |
| Current assets | 29/58 | €103,558 | €119,704 | +€16,146 | +15.6% |
| Amounts receivable within one year | 40/41 | €41,831 | €30,481 | -€11,350 | -27.1% |
| Trade receivables | 40 | €3,773 | €29,436 | +€25,664 | +680.3% |
| Other amounts receivable | 41 | €38,058 | €1,044 | -€37,014 | -97.3% |
| Cash at bank and in hand | 54/58 | €60,502 | €89,223 | +€28,721 | +47.5% |
| Deferred charges and accrued income | 490/1 | €1,224 | €0 | -€1,224 | -100.0% |
| Total equity and liabilities | 10/49 | €399,959 | €391,850 | -€8,109 | -2.0% |
| Equity | 10/15 | €92,121 | €119,495 | +€27,374 | +29.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,921 | €113,295 | +€27,374 | +31.9% |
| Distributable reserves | 133 | €85,921 | €113,295 | +€27,374 | +31.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €307,838 | €272,355 | -€35,483 | -11.5% |
| Amounts payable after more than one year | 17 | €265,180 | €231,312 | -€33,869 | -12.8% |
| Financial debts | 170/4 | €265,180 | €231,312 | -€33,869 | -12.8% |
| Amounts payable within one year | 42/48 | €42,657 | €41,043 | -€1,614 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €33,009 | €33,953 | +€944 | +2.9% |
| Financial debts | 43 | €1,698 | €0 | -€1,698 | -100.0% |
| Credit institutions | 430/8 | €1,698 | €0 | -€1,698 | -100.0% |
| Trade debts | 44 | €930 | €1,206 | +€276 | +29.7% |
| Suppliers | 440/4 | €930 | €1,206 | +€276 | +29.7% |
| Taxes, remuneration and social security | 45 | €7,021 | €4,990 | -€2,031 | -28.9% |
| Taxes | 450/3 | €6,221 | €4,990 | -€1,231 | -19.8% |
| Remuneration and social security | 454/9 | €800 | €0 | -€800 | -100.0% |
| Other amounts payable | 47/48 | €0 | €894 | +€894 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,946 | €24,255 | -€691 | -2.8% |
| Other operating charges | 640/8 | €3,136 | €3,100 | -€36 | -1.1% |
| Gross operating margin | 9900 | €67,309 | €77,653 | +€10,344 | +15.4% |
| Operating profit (loss) | 9901 | €39,228 | €50,298 | +€11,071 | +28.2% |
| Financial income | 75/76B | €0 | €50 | +€50 | |
| Recurring financial income | 75 | €0 | €50 | +€50 | |
| Financial charges | 65/66B | €7,196 | €6,174 | -€1,022 | -14.2% |
| Recurring financial charges | 65 | €7,196 | €6,174 | -€1,022 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €32,031 | €44,175 | +€12,143 | +37.9% |
| Income taxes | 67/77 | €9,109 | €12,471 | +€3,361 | +36.9% |
| Profit (loss) for the period | 9904 | €22,922 | €31,704 | +€8,782 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,922 | €31,704 | +€8,782 | +38.3% |
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 10 October 2026 via checked.be.