POUPOUG: 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.
POUPOUG
Largest movements
- Cash -€322,807
down €322,807 (-83.7%), from €385,854 to €63,047
mainly Investment in fixed assets (net) (-€172,191) and Other debts (-€154,142)
- Tangible fixed assets +€168,843
up €168,843 (+5071.0%), from €3,330 to €172,172
of which Land and buildings: +€165,709
- Receivables within one year -€6,398
down €6,398 (-67.3%), from €9,502 to €3,104
of which Other amounts receivable: -€9,502
- Other debts -€154,142
down €154,142 (-49.1%), from €313,654 to €159,513
- Tax, wage and social debts -€47,264
down €47,264 (-59.2%), from €79,838 to €32,575
of which Taxes: -€47,240
- Provisions +€37,275
new in 2025: €37,275
- Current portion of long-term debt +€14,859
new in 2025: €14,859
- Profit (loss) carried forward -€13,992
down €13,992, from €8,412 to -€5,579
- Provisions +€37,275
new in 2025: €37,275
- Gross operating margin -€26,611
down €26,611 (-28.3%), from €93,977 to €67,366
- Other operating charges +€23,935
up €23,935 (+6179.4%), from €387 to €24,323
- Taxes -€11,884
down €11,884 (-59.9%), from €19,847 to €7,963
- Staff costs +€3,416
up €3,416 (+1709.9%), from €200 to €3,616
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 | €405,866 | €242,330 | -€163,537 | -40.3% |
| Fixed assets | 21/28 | €6,635 | €173,672 | +€167,037 | +2517.5% |
| Intangible fixed assets | 21 | €1,806 | - | -€1,806 | |
| Tangible fixed assets | 22/27 | €3,330 | €172,172 | +€168,843 | +5071.0% |
| Land and buildings | 22 | - | €165,709 | +€165,709 | |
| Plant, machinery and equipment | 23 | - | €1,091 | +€1,091 | |
| Furniture and vehicles | 24 | €3,330 | €5,372 | +€2,042 | +61.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €399,231 | €68,657 | -€330,574 | -82.8% |
| Amounts receivable within one year | 40/41 | €9,502 | €3,104 | -€6,398 | -67.3% |
| Trade receivables | 40 | - | €3,104 | +€3,104 | |
| Other amounts receivable | 41 | €9,502 | - | -€9,502 | |
| Cash at bank and in hand | 54/58 | €385,854 | €63,047 | -€322,807 | -83.7% |
| Deferred charges and accrued income | 490/1 | €3,876 | €2,506 | -€1,370 | -35.3% |
| Total equity and liabilities | 10/49 | €405,866 | €242,330 | -€163,537 | -40.3% |
| Equity | 10/15 | €10,912 | -€3,079 | -€13,992 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,412 | -€5,579 | -€13,992 | |
| Provisions and deferred taxes | 16 | - | €37,275 | +€37,275 | |
| Provisions for liabilities and charges | 160/5 | - | €37,275 | +€37,275 | |
| Environmental obligations | 163 | - | €37,275 | +€37,275 | |
| Amounts payable | 17/49 | €394,954 | €208,134 | -€186,820 | -47.3% |
| Amounts payable within one year | 42/48 | €394,954 | €208,134 | -€186,820 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,859 | +€14,859 | |
| Trade debts | 44 | €1,461 | €1,188 | -€274 | -18.7% |
| Suppliers | 440/4 | €1,461 | €1,188 | -€274 | -18.7% |
| Taxes, remuneration and social security | 45 | €79,838 | €32,575 | -€47,264 | -59.2% |
| Taxes | 450/3 | €77,508 | €30,268 | -€47,240 | -60.9% |
| Remuneration and social security | 454/9 | €2,331 | €2,307 | -€24 | -1.0% |
| Other amounts payable | 47/48 | €313,654 | €159,513 | -€154,142 | -49.1% |
| Remuneration, social security and pensions | 62 | €200 | €3,616 | +€3,416 | +1709.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,451 | €5,154 | +€2,703 | +110.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €37,275 | +€37,275 | |
| Other operating charges | 640/8 | €387 | €24,323 | +€23,935 | +6179.4% |
| Gross operating margin | 9900 | €93,977 | €67,366 | -€26,611 | -28.3% |
| Operating profit (loss) | 9901 | €90,939 | -€3,001 | -€93,940 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,657 | €3,028 | -€629 | -17.2% |
| Recurring financial charges | 65 | €3,657 | €3,028 | -€629 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €87,282 | -€6,029 | -€93,311 | |
| Income taxes | 67/77 | €19,847 | €7,963 | -€11,884 | -59.9% |
| Profit (loss) for the period | 9904 | €67,436 | -€13,992 | -€81,427 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,436 | -€13,992 | -€81,427 |
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.