POPU SOLAR: what changed
What changed
POPU SOLAR
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
-€20,525
2025 · -€25,112+€4,587
Equity
-€31,149
2025 · -€10,623-€20,525
Cash
€15,541
2025 · €18,917-€3,376
Balance sheet total
€19,397
2025 · €40,064-€20,667
Largest movements
Assets
- Stocks and contracts -€14,680
no longer reported in 2026 (was €14,680)
- Cash -€3,376
down €3,376 (-17.8%), from €18,917 to €15,541
mainly Net result for the year (-€20,525) and Trade debts (-€332)
- Receivables within one year -€2,696
down €2,696 (-42.3%), from €6,375 to €3,679
of which Trade receivables: -€3,650
Equity and liabilities
- Profit (loss) carried forward -€20,525
down €20,525 (-67.0%), from -€30,623 to -€51,149
Income statement
- Gross operating margin +€9,935
up €9,935 (+40.5%), from -€24,511 to -€14,576
- Write-downs +€5,420
new in 2026: €5,420
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€25,112
Gross operating margin
+€9,935
Write-downs
-€5,420
Other operating charges
+€244
Other operating items
-€144
Financial income
+€1
Financial charges
-€29
Result 2026
-€20,525
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3,376
Investment
€0
Financing
€0
Cash 2025
€18,917
From operations (derived)
-€3,376
Net result for the year
-€20,525
Stocks and contracts
+€14,680
Receivables within one year
+€2,696
Deferred charges and accrued income
-€86
Trade debts
-€332
Tax, wage and social debts
-€56
Other debts
+€198
Accrued charges and deferred income
+€47
Cash 2026
€15,541
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,064 | €19,397 | -€20,667 | -51.6% |
| Current assets | 29/58 | €40,064 | €19,397 | -€20,667 | -51.6% |
| Stocks and contracts in progress | 3 | €14,680 | - | -€14,680 | |
| Stocks | 30/36 | €14,680 | - | -€14,680 | |
| Amounts receivable within one year | 40/41 | €6,375 | €3,679 | -€2,696 | -42.3% |
| Trade receivables | 40 | €4,335 | €684 | -€3,650 | -84.2% |
| Other amounts receivable | 41 | €2,040 | €2,994 | +€954 | +46.7% |
| Cash at bank and in hand | 54/58 | €18,917 | €15,541 | -€3,376 | -17.8% |
| Deferred charges and accrued income | 490/1 | €92 | €177 | +€86 | +93.0% |
| Total equity and liabilities | 10/49 | €40,064 | €19,397 | -€20,667 | -51.6% |
| Equity | 10/15 | -€10,623 | -€31,149 | -€20,525 | -193% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,623 | -€51,149 | -€20,525 | -67.0% |
| Amounts payable | 17/49 | €50,688 | €50,546 | -€142 | -0.3% |
| Amounts payable within one year | 42/48 | €50,688 | €50,499 | -€189 | -0.4% |
| Trade debts | 44 | €1,647 | €1,315 | -€332 | -20.2% |
| Suppliers | 440/4 | €1,647 | €1,315 | -€332 | -20.2% |
| Taxes, remuneration and social security | 45 | €103 | €47 | -€56 | -54.3% |
| Taxes | 450/3 | €103 | €47 | -€56 | -54.3% |
| Other amounts payable | 47/48 | €48,939 | €49,137 | +€198 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,420 | +€5,420 | |
| Other operating charges | 640/8 | €464 | €220 | -€244 | -52.6% |
| Non-recurring operating charges | 66A | - | €144 | +€144 | |
| Gross operating margin | 9900 | -€24,511 | -€14,576 | +€9,935 | +40.5% |
| Operating profit (loss) | 9901 | -€24,975 | -€20,360 | +€4,615 | +18.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €138 | €167 | +€29 | +21.3% |
| Recurring financial charges | 65 | €138 | €167 | +€29 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,112 | -€20,525 | +€4,587 | +18.3% |
| Profit (loss) for the period | 9904 | -€25,112 | -€20,525 | +€4,587 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,112 | -€20,525 | +€4,587 | +18.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.