DE NIEUWE TRAP: what changed
DE NIEUWE TRAP
Largest movements
- Cash -€350,606
down €350,606 (-80.7%), from €434,437 to €83,831
mainly Contributions, distributions and other (-€403,597) and Receivables within one year (-€69,610)
- Current investments -€133,184
down €133,184 (-99.2%), from €134,260 to €1,075
- Receivables within one year +€69,610
up €69,610 (+269%), from €25,847 to €95,457
of which Other amounts receivable: +€69,810
- Tangible fixed assets +€19,646
up €19,646 (+92.2%), from €21,308 to €40,954
of which Plant, machinery and equipment: +€10,830
- Stocks and contracts +€10,383
up €10,383 (+257%), from €4,040 to €14,423
- Reserves -€403,212
down €403,212 (-99.0%), from €407,361 to €4,149
of which Distributable reserves: -€403,212
- Tax, wage and social debts +€20,358
up €20,358 (+18.9%), from €107,716 to €128,074
of which Taxes: +€26,903
- Trade debts -€6,324
down €6,324 (-13.9%), from €45,420 to €39,096
- Gross operating margin -€93,569
down €93,569 (-25.6%), from €365,749 to €272,180
- Taxes -€28,588
down €28,588 (-89.5%), from €31,936 to €3,348
- Staff costs +€21,832
up €21,832 (+9.4%), from €233,234 to €255,066
- Financial charges -€11,281
down €11,281 (-98.6%), from €11,441 to €160
- Financial income +€4,631
up €4,631 (+3,787%), from €122 to €4,754
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 | €623,973 | €239,822 | -€384,151 | -61.6% |
| Fixed assets | 21/28 | €25,390 | €45,036 | +€19,646 | +77.4% |
| Tangible fixed assets | 22/27 | €21,308 | €40,954 | +€19,646 | +92.2% |
| Plant, machinery and equipment | 23 | €20,453 | €31,283 | +€10,830 | +52.9% |
| Furniture and vehicles | 24 | €855 | €9,671 | +€8,816 | +1,032% |
| Financial fixed assets | 28 | €4,082 | €4,082 | = | 0.0% |
| Current assets | 29/58 | €598,583 | €194,786 | -€403,797 | -67.5% |
| Stocks and contracts in progress | 3 | €4,040 | €14,423 | +€10,383 | +257% |
| Stocks | 30/36 | €4,040 | €14,423 | +€10,383 | +257% |
| Amounts receivable within one year | 40/41 | €25,847 | €95,457 | +€69,610 | +269% |
| Trade receivables | 40 | €200 | - | -€200 | |
| Other amounts receivable | 41 | €25,646 | €95,457 | +€69,810 | +272% |
| Current investments | 50/53 | €134,260 | €1,075 | -€133,184 | -99.2% |
| Cash at bank and in hand | 54/58 | €434,437 | €83,831 | -€350,606 | -80.7% |
| Total equity and liabilities | 10/49 | €623,973 | €239,822 | -€384,151 | -61.6% |
| Equity | 10/15 | €426,338 | €27,941 | -€398,397 | -93.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €407,361 | €4,149 | -€403,212 | -99.0% |
| Non-distributable reserves | 130/1 | €4,149 | €4,149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,149 | €4,149 | = | 0.0% |
| Distributable reserves | 133 | €403,212 | - | -€403,212 | |
| Profit (loss) carried forward | 14 | €385 | €5,200 | +€4,815 | +1,250% |
| Amounts payable | 17/49 | €197,635 | €211,881 | +€14,246 | +7.2% |
| Amounts payable within one year | 42/48 | €187,546 | €200,610 | +€13,064 | +7.0% |
| Trade debts | 44 | €45,420 | €39,096 | -€6,324 | -13.9% |
| Suppliers | 440/4 | €45,420 | €39,096 | -€6,324 | -13.9% |
| Taxes, remuneration and social security | 45 | €107,716 | €128,074 | +€20,358 | +18.9% |
| Taxes | 450/3 | €79,223 | €106,126 | +€26,903 | +34.0% |
| Remuneration and social security | 454/9 | €28,493 | €21,949 | -€6,544 | -23.0% |
| Other amounts payable | 47/48 | €34,410 | €33,440 | -€970 | -2.8% |
| Accrued charges and deferred income | 492/3 | €10,088 | €11,271 | +€1,182 | +11.7% |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Remuneration, social security and pensions | 62 | €233,234 | €255,066 | +€21,832 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,767 | €11,547 | +€2,780 | +31.7% |
| Other operating charges | 640/8 | €976 | €1,613 | +€636 | +65.2% |
| Gross operating margin | 9900 | €365,749 | €272,180 | -€93,569 | -25.6% |
| Operating profit (loss) | 9901 | €122,772 | €3,955 | -€118,817 | -96.8% |
| Financial income | 75/76B | €122 | €4,754 | +€4,631 | +3,787% |
| Recurring financial income | 75 | €122 | €4,754 | +€4,631 | +3,787% |
| Financial charges | 65/66B | €11,441 | €160 | -€11,281 | -98.6% |
| Recurring financial charges | 65 | €11,441 | €160 | -€11,281 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €111,453 | €8,548 | -€102,905 | -92.3% |
| Income taxes | 67/77 | €31,936 | €3,348 | -€28,588 | -89.5% |
| Profit (loss) for the period | 9904 | €79,517 | €5,200 | -€74,317 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,517 | €5,200 | -€74,317 | -93.5% |
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 3 November 2026 via checked.be.