DE TRAPPENNIERS: what changed
Two financial 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 TRAPPENNIERS
Largest movements
- Receivables within one year -€74,831
down €74,831 (-78.8%), from €94,914 to €20,083
of which Trade receivables: -€70,750
- Cash +€37,997
up €37,997 (+15.2%), from €249,483 to €287,480
mainly Receivables within one year (+€74,831) and Net result for the year (+€55,657)
- Profit (loss) carried forward +€55,657
up €55,657 (+18.4%), from €302,169 to €357,826
- Tax, wage and social debts -€47,857
down €47,857 (-49.6%), from €96,460 to €48,603
- Debts after one year -€41,469
down €41,469 (-13.9%), from €299,077 to €257,608
- Gross operating margin -€99,424
down €99,424 (-53.3%), from €186,515 to €87,090
- Financial income -€40,884
down €40,884 (-97.8%), from €41,787 to €903
of which Non-recurring financial income: -€41,078
- Taxes -€34,266
down €34,266 (-70.8%), from €48,400 to €14,134
- Financial charges +€2,879
up €2,879 (+20.7%), from €13,934 to €16,813
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.
Derived cash bridge
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 | €895,357 | €858,434 | -€36,924 | -4.1% |
| Fixed assets | 21/28 | €550,658 | €550,409 | -€249 | 0.0% |
| Tangible fixed assets | 22/27 | €658 | €409 | -€249 | -37.8% |
| Furniture and vehicles | 24 | €658 | €409 | -€249 | -37.8% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €344,699 | €308,025 | -€36,675 | -10.6% |
| Amounts receivable within one year | 40/41 | €94,914 | €20,083 | -€74,831 | -78.8% |
| Trade receivables | 40 | €90,750 | €20,000 | -€70,750 | -78.0% |
| Other amounts receivable | 41 | €4,164 | €83 | -€4,081 | -98.0% |
| Cash at bank and in hand | 54/58 | €249,483 | €287,480 | +€37,997 | +15.2% |
| Deferred charges and accrued income | 490/1 | €302 | €462 | +€159 | +52.7% |
| Total equity and liabilities | 10/49 | €895,357 | €858,434 | -€36,924 | -4.1% |
| Equity | 10/15 | €439,719 | €495,376 | +€55,657 | +12.7% |
| Contributions | 10/11 | €137,550 | €137,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,169 | €357,826 | +€55,657 | +18.4% |
| Amounts payable | 17/49 | €455,638 | €363,058 | -€92,580 | -20.3% |
| Amounts payable after more than one year | 17 | €299,077 | €257,608 | -€41,469 | -13.9% |
| Financial debts | 170/4 | €299,077 | €257,608 | -€41,469 | -13.9% |
| Amounts payable within one year | 42/48 | €156,561 | €105,449 | -€51,111 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €40,597 | €41,469 | +€872 | +2.1% |
| Trade debts | 44 | €4,333 | €1,906 | -€2,427 | -56.0% |
| Suppliers | 440/4 | €4,333 | €1,906 | -€2,427 | -56.0% |
| Taxes, remuneration and social security | 45 | €96,460 | €48,603 | -€47,857 | -49.6% |
| Taxes | 450/3 | €96,460 | €48,603 | -€47,857 | -49.6% |
| Other amounts payable | 47/48 | €15,171 | €13,472 | -€1,699 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €249 | = | 0.0% |
| Other operating charges | 640/8 | €828 | €1,140 | +€312 | +37.7% |
| Gross operating margin | 9900 | €186,515 | €87,090 | -€99,424 | -53.3% |
| Operating profit (loss) | 9901 | €185,438 | €85,701 | -€99,737 | -53.8% |
| Financial income | 75/76B | €41,787 | €903 | -€40,884 | -97.8% |
| Recurring financial income | 75 | €709 | €903 | +€194 | +27.3% |
| Non-recurring financial income | 76B | €41,078 | - | -€41,078 | |
| Financial charges | 65/66B | €13,934 | €16,813 | +€2,879 | +20.7% |
| Recurring financial charges | 65 | €13,934 | €16,813 | +€2,879 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €213,291 | €69,791 | -€143,500 | -67.3% |
| Income taxes | 67/77 | €48,400 | €14,134 | -€34,266 | -70.8% |
| Profit (loss) for the period | 9904 | €164,891 | €55,657 | -€109,234 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164,891 | €55,657 | -€109,234 | -66.2% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.