PSB Popina: what changed
What changed
PSB Popina
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
€143,909
2024 · €375,633-€231,723
Equity
€890,242
2024 · €746,332+€143,909
Cash
€983,605
2024 · €460,088+€523,517
Balance sheet total
€2.2m
2024 · €2.2m+€85,296
Largest movements
Assets
- Cash +€523,517
up €523,517 (+114%), from €460,088 to €983,605
mainly Current investments (+€300,000) and Depreciation (+€162,630)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Tangible fixed assets -€147,085
down €147,085 (-14.8%), from €997,108 to €850,023
of which Other tangible fixed assets: -€130,131
Equity and liabilities
- Profit (loss) carried forward +€143,909
up €143,909 (+21.4%), from €671,332 to €815,242
- Debts after one year -€142,199
down €142,199 (-15.0%), from €949,810 to €807,611
of which Financial debts: -€142,199
- Other debts +€82,556
up €82,556 (+616%), from €13,391 to €95,947
Income statement
- Gross operating margin -€183,482
down €183,482 (-13.8%), from €1.3m to €1.1m
- Financial charges +€92,172
up €92,172 (+168%), from €54,709 to €146,881
- Taxes -€52,579
down €52,579 (-57.6%), from €91,315 to €38,736
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.
Result 2024
€375,633
Gross operating margin
-€183,482
Staff costs
+€224
Depreciation
-€6,550
Other operating charges
+€685
Financial income
-€3,006
Financial charges
-€92,172
Taxes
+€52,579
Result 2025
€143,909
raises the resultlowers the result
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.
From operations
+€379,546
Investment
+€288,705
Financing
-€144,733
Cash 2024
€460,088
From operations (derived)
+€379,546
Net result for the year
+€143,909
Depreciation
+€162,630
Stocks and contracts
+€2,472
Receivables within one year
-€19,955
Deferred charges and accrued income
+€4,369
Trade debts
-€14,545
Tax, wage and social debts
+€11,327
Other debts
+€82,556
Accrued charges and deferred income
+€6,782
Investment (derived)
+€288,705
Investment in fixed assets (net)
-€11,295
Current investments
+€300,000
Financing
-€144,733
Debts after one year
-€142,199
Current portion of long-term debt
-€2,535
Cash 2025
€983,605
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,150,601 | €2,235,897 | +€85,296 | +4.0% |
| Fixed assets | 21/28 | €1,030,861 | €879,525 | -€151,335 | -14.7% |
| Intangible fixed assets | 21 | €33,627 | €29,377 | -€4,250 | -12.6% |
| Tangible fixed assets | 22/27 | €997,108 | €850,023 | -€147,085 | -14.8% |
| Plant, machinery and equipment | 23 | €32,286 | €29,230 | -€3,057 | -9.5% |
| Furniture and vehicles | 24 | €35,846 | €21,948 | -€13,898 | -38.8% |
| Other tangible fixed assets | 26 | €928,976 | €798,845 | -€130,131 | -14.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €1,119,740 | €1,356,372 | +€236,631 | +21.1% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €25,759 | €23,287 | -€2,472 | -9.6% |
| Stocks | 30/36 | €25,759 | €23,287 | -€2,472 | -9.6% |
| Amounts receivable within one year | 40/41 | €15,390 | €35,345 | +€19,955 | +130% |
| Trade receivables | 40 | - | €462 | +€462 | |
| Other amounts receivable | 41 | €15,390 | €34,884 | +€19,493 | +127% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €460,088 | €983,605 | +€523,517 | +114% |
| Deferred charges and accrued income | 490/1 | €18,503 | €14,134 | -€4,369 | -23.6% |
| Total equity and liabilities | 10/49 | €2,150,601 | €2,235,897 | +€85,296 | +4.0% |
| Equity | 10/15 | €746,332 | €890,242 | +€143,909 | +19.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €671,332 | €815,242 | +€143,909 | +21.4% |
| Amounts payable | 17/49 | €1,404,269 | €1,345,655 | -€58,613 | -4.2% |
| Amounts payable after more than one year | 17 | €949,810 | €807,611 | -€142,199 | -15.0% |
| Financial debts | 170/4 | €899,810 | €757,611 | -€142,199 | -15.8% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €454,459 | €531,262 | +€76,804 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €144,733 | €142,199 | -€2,535 | -1.8% |
| Trade debts | 44 | €182,230 | €167,685 | -€14,545 | -8.0% |
| Suppliers | 440/4 | €182,230 | €167,685 | -€14,545 | -8.0% |
| Taxes, remuneration and social security | 45 | €114,104 | €125,431 | +€11,327 | +9.9% |
| Taxes | 450/3 | €52,574 | €50,567 | -€2,007 | -3.8% |
| Remuneration and social security | 454/9 | €61,530 | €74,864 | +€13,334 | +21.7% |
| Other amounts payable | 47/48 | €13,391 | €95,947 | +€82,556 | +616% |
| Accrued charges and deferred income | 492/3 | - | €6,782 | +€6,782 | |
| Remuneration, social security and pensions | 62 | €658,071 | €657,847 | -€224 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,080 | €162,630 | +€6,550 | +4.2% |
| Other operating charges | 640/8 | €4,956 | €4,271 | -€685 | -13.8% |
| Gross operating margin | 9900 | €1,332,210 | €1,148,728 | -€183,482 | -13.8% |
| Operating profit (loss) | 9901 | €513,103 | €323,980 | -€189,123 | -36.9% |
| Financial income | 75/76B | €8,553 | €5,547 | -€3,006 | -35.1% |
| Recurring financial income | 75 | €8,553 | €5,547 | -€3,006 | -35.1% |
| Financial charges | 65/66B | €54,709 | €146,881 | +€92,172 | +168% |
| Recurring financial charges | 65 | €54,709 | €146,881 | +€92,172 | +168% |
| Profit (loss) for the period before taxes | 9903 | €466,947 | €182,646 | -€284,302 | -60.9% |
| Income taxes | 67/77 | €91,315 | €38,736 | -€52,579 | -57.6% |
| Profit (loss) for the period | 9904 | €375,633 | €143,909 | -€231,723 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €375,633 | €143,909 | -€231,723 | -61.7% |
Next steps
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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 3 November 2026 via checked.be.