POPULUS: 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.
POPULUS
Largest movements
- Tangible fixed assets -€57,238
down €57,238 (-56.4%), from €101,554 to €44,316
of which Furniture and vehicles: -€47,756
- Receivables within one year +€14,102
up €14,102 (+84.2%), from €16,741 to €30,842
of which Trade receivables: +€17,375
- Debts after one year -€55,773
down €55,773 (-39.4%), from €141,553 to €85,780
- Reserves +€7,194
up €7,194 (+84.3%), from €8,532 to €15,726
- Other debts +€2,211
up €2,211 (+106.4%), from €2,079 to €4,290
- Depreciation -€13,387
down €13,387 (-47.8%), from €28,018 to €14,631
- Financial charges +€4,090
up €4,090, from -€443 to €3,648
- Taxes +€2,440
up €2,440 (+397.1%), from €614 to €3,055
- Gross operating margin +€1,311
up €1,311 (+2.8%), from €47,557 to €48,868
- Financial income -€787
down €787 (-80.1%), from €983 to €195
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 | €194,639 | €150,640 | -€43,999 | -22.6% |
| Fixed assets | 21/28 | €101,554 | €44,316 | -€57,238 | -56.4% |
| Tangible fixed assets | 22/27 | €101,554 | €44,316 | -€57,238 | -56.4% |
| Land and buildings | 22 | €49,958 | €40,476 | -€9,482 | -19.0% |
| Furniture and vehicles | 24 | €51,596 | €3,840 | -€47,756 | -92.6% |
| Current assets | 29/58 | €93,085 | €106,324 | +€13,239 | +14.2% |
| Amounts receivable within one year | 40/41 | €16,741 | €30,842 | +€14,102 | +84.2% |
| Trade receivables | 40 | €10,588 | €27,963 | +€17,375 | +164.1% |
| Other amounts receivable | 41 | €6,153 | €2,880 | -€3,274 | -53.2% |
| Cash at bank and in hand | 54/58 | €75,822 | €75,481 | -€341 | -0.4% |
| Deferred charges and accrued income | 490/1 | €522 | €0 | -€522 | -100.0% |
| Total equity and liabilities | 10/49 | €194,639 | €150,640 | -€43,999 | -22.6% |
| Equity | 10/15 | €14,732 | €21,926 | +€7,194 | +48.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,532 | €15,726 | +€7,194 | +84.3% |
| Distributable reserves | 133 | €8,532 | €15,726 | +€7,194 | +84.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €179,907 | €128,714 | -€51,193 | -28.5% |
| Amounts payable after more than one year | 17 | €141,553 | €85,780 | -€55,773 | -39.4% |
| Financial debts | 170/4 | €141,553 | €85,780 | -€55,773 | -39.4% |
| Amounts payable within one year | 42/48 | €38,354 | €42,934 | +€4,580 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €24,779 | €25,643 | +€865 | +3.5% |
| Trade debts | 44 | €736 | €1,244 | +€508 | +69.0% |
| Suppliers | 440/4 | €736 | €1,244 | +€508 | +69.0% |
| Taxes, remuneration and social security | 45 | €10,760 | €11,758 | +€997 | +9.3% |
| Taxes | 450/3 | €10,760 | €11,758 | +€997 | +9.3% |
| Other amounts payable | 47/48 | €2,079 | €4,290 | +€2,211 | +106.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,018 | €14,631 | -€13,387 | -47.8% |
| Other operating charges | 640/8 | €1,306 | €808 | -€497 | -38.1% |
| Non-recurring operating charges | 66A | - | €19,728 | +€19,728 | |
| Gross operating margin | 9900 | €47,557 | €48,868 | +€1,311 | +2.8% |
| Operating profit (loss) | 9901 | €18,234 | €13,701 | -€4,533 | -24.9% |
| Financial income | 75/76B | €983 | €195 | -€787 | -80.1% |
| Recurring financial income | 75 | €983 | €195 | -€787 | -80.1% |
| Financial charges | 65/66B | -€443 | €3,648 | +€4,090 | |
| Recurring financial charges | 65 | -€443 | €3,648 | +€4,090 | |
| Profit (loss) for the period before taxes | 9903 | €19,659 | €10,249 | -€9,411 | -47.9% |
| Income taxes | 67/77 | €614 | €3,055 | +€2,440 | +397.1% |
| Profit (loss) for the period | 9904 | €19,045 | €7,194 | -€11,851 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,045 | €7,194 | -€11,851 | -62.2% |
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 8 October 2026 via checked.be.