Poppy Projects: what changed
Poppy Projects
Largest movements
- Cash -€32,789
down €32,789 (-93.8%), from €34,951 to €2,162
mainly Contributions, distributions and other (-€37,322) and Investment in fixed assets (net) (-€8,081)
- Receivables within one year +€7,921
up €7,921 (+338%), from €2,344 to €10,264
of which Trade receivables: +€6,226
- Tangible fixed assets +€6,907
new in 2025: €6,907
of which Land and buildings: +€4,069
- Deferred charges and accrued income -€1,937
down €1,937 (-22.7%), from €8,541 to €6,603
- Profit (loss) carried forward -€38,831
down €38,831, from €37,322 to -€1,508
- Other debts +€22,377
new in 2025: €22,377
- Tax, wage and social debts -€4,576
down €4,576 (-86.1%), from €5,316 to €740
- Trade debts +€868
up €868 (+59.5%), from €1,460 to €2,328
- Gross operating margin -€22,874
down €22,874 (-88.2%), from €25,941 to €3,066
- Taxes -€4,481
down €4,481 (-83.6%), from €5,358 to €878
- Depreciation +€1,174
new in 2025: €1,174
- Financial charges +€911
up €911 (+96.5%), from €944 to €1,855
- Other operating charges +€287
up €287 (+75.1%), from €382 to €669
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,098 | €25,937 | -€20,161 | -43.7% |
| Fixed assets | 21/28 | - | €6,907 | +€6,907 | |
| Tangible fixed assets | 22/27 | - | €6,907 | +€6,907 | |
| Land and buildings | 22 | - | €4,069 | +€4,069 | |
| Furniture and vehicles | 24 | - | €2,839 | +€2,839 | |
| Current assets | 29/58 | €46,098 | €19,030 | -€27,068 | -58.7% |
| Amounts receivable after more than one year | 29 | €263 | - | -€263 | |
| Other amounts receivable | 291 | €263 | - | -€263 | |
| Amounts receivable within one year | 40/41 | €2,344 | €10,264 | +€7,921 | +338% |
| Trade receivables | 40 | €2,344 | €8,570 | +€6,226 | +266% |
| Other amounts receivable | 41 | - | €1,695 | +€1,695 | |
| Cash at bank and in hand | 54/58 | €34,951 | €2,162 | -€32,789 | -93.8% |
| Deferred charges and accrued income | 490/1 | €8,541 | €6,603 | -€1,937 | -22.7% |
| Total equity and liabilities | 10/49 | €46,098 | €25,937 | -€20,161 | -43.7% |
| Equity | 10/15 | €39,322 | €492 | -€38,831 | -98.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,322 | -€1,508 | -€38,831 | |
| Amounts payable | 17/49 | €6,776 | €25,445 | +€18,669 | +276% |
| Amounts payable within one year | 42/48 | €6,776 | €25,445 | +€18,669 | +276% |
| Trade debts | 44 | €1,460 | €2,328 | +€868 | +59.5% |
| Suppliers | 440/4 | €1,460 | €2,328 | +€868 | +59.5% |
| Taxes, remuneration and social security | 45 | €5,316 | €740 | -€4,576 | -86.1% |
| Taxes | 450/3 | €5,316 | €740 | -€4,576 | -86.1% |
| Other amounts payable | 47/48 | - | €22,377 | +€22,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,174 | +€1,174 | |
| Other operating charges | 640/8 | €382 | €669 | +€287 | +75.1% |
| Gross operating margin | 9900 | €25,941 | €3,066 | -€22,874 | -88.2% |
| Operating profit (loss) | 9901 | €25,559 | €1,223 | -€24,335 | -95.2% |
| Financial income | 75/76B | €4 | €1 | -€3 | -78.2% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -78.2% |
| Financial charges | 65/66B | €944 | €1,855 | +€911 | +96.5% |
| Recurring financial charges | 65 | €944 | €1,855 | +€911 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | €24,618 | -€631 | -€25,249 | |
| Income taxes | 67/77 | €5,358 | €878 | -€4,481 | -83.6% |
| Profit (loss) for the period | 9904 | €19,260 | -€1,508 | -€20,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,260 | -€1,508 | -€20,768 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.