De Trapeze: 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.
De Trapeze
Largest movements
- Cash -€3,696
down €3,696 (-21.2%), from €17,423 to €13,727
mainly Net result for the year (-€5,084) and Debts after one year (-€2,864)
- Tangible fixed assets -€2,897
down €2,897 (-17.7%), from €16,374 to €13,478
of which Furniture and vehicles: -€1,978
- Profit (loss) carried forward -€5,084
down €5,084 (-44.0%), from €11,549 to €6,465
- Debts after one year -€2,864
down €2,864 (-13.1%), from €21,887 to €19,024
- Trade debts +€890
up €890 (+3145.4%), from €28 to €918
- Gross operating margin -€32,595
down €32,595, from €31,792 to -€802
- Taxes -€2,997
no longer reported in 2025 (was €2,997)
- Other operating charges -€1,828
down €1,828 (-75.0%), from €2,437 to €610
- Financial charges -€982
down €982 (-55.9%), from €1,757 to €775
- Depreciation -€323
down €323 (-10.0%), from €3,219 to €2,897
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 | €44,086 | €37,417 | -€6,669 | -15.1% |
| Fixed assets | 21/28 | €18,774 | €15,878 | -€2,897 | -15.4% |
| Tangible fixed assets | 22/27 | €16,374 | €13,478 | -€2,897 | -17.7% |
| Plant, machinery and equipment | 23 | €918 | - | -€918 | |
| Furniture and vehicles | 24 | €15,456 | €13,478 | -€1,978 | -12.8% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €25,312 | €21,540 | -€3,772 | -14.9% |
| Amounts receivable within one year | 40/41 | €7,889 | €7,812 | -€77 | -1.0% |
| Trade receivables | 40 | €7,889 | €7,812 | -€77 | -1.0% |
| Cash at bank and in hand | 54/58 | €17,423 | €13,727 | -€3,696 | -21.2% |
| Total equity and liabilities | 10/49 | €44,086 | €37,417 | -€6,669 | -15.1% |
| Equity | 10/15 | €14,049 | €8,965 | -€5,084 | -36.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,549 | €6,465 | -€5,084 | -44.0% |
| Amounts payable | 17/49 | €30,037 | €28,452 | -€1,585 | -5.3% |
| Amounts payable after more than one year | 17 | €21,887 | €19,024 | -€2,864 | -13.1% |
| Financial debts | 170/4 | €21,887 | €19,024 | -€2,864 | -13.1% |
| Amounts payable within one year | 42/48 | €8,150 | €9,428 | +€1,279 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €2,782 | €2,864 | +€81 | +2.9% |
| Trade debts | 44 | €28 | €918 | +€890 | +3145.4% |
| Suppliers | 440/4 | €28 | €918 | +€890 | +3145.4% |
| Taxes, remuneration and social security | 45 | €2,997 | €2,997 | = | 0.0% |
| Taxes | 450/3 | €2,997 | €2,997 | = | 0.0% |
| Other amounts payable | 47/48 | €2,342 | €2,649 | +€307 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,219 | €2,897 | -€323 | -10.0% |
| Other operating charges | 640/8 | €2,437 | €610 | -€1,828 | -75.0% |
| Non-recurring operating charges | 66A | €1,771 | - | -€1,771 | |
| Gross operating margin | 9900 | €31,792 | -€802 | -€32,595 | |
| Operating profit (loss) | 9901 | €24,364 | -€4,308 | -€28,673 | |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €1,757 | €775 | -€982 | -55.9% |
| Recurring financial charges | 65 | €1,757 | €775 | -€982 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €22,619 | -€5,084 | -€27,703 | |
| Income taxes | 67/77 | €2,997 | - | -€2,997 | |
| Profit (loss) for the period | 9904 | €19,622 | -€5,084 | -€24,706 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,622 | -€5,084 | -€24,706 |
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 5 October 2026 via checked.be.