Dr K.Trap: 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.
Dr K.Trap
Largest movements
- Financial fixed assets +€443,381
up €443,381 (+55.7%), from €796,232 to €1.2m
- Cash -€222,959
down €222,959 (-52.6%), from €423,576 to €200,617
mainly Contributions, distributions and other (-€467,000) and Investment in fixed assets (net) (-€443,381)
- Tangible fixed assets -€16,662
down €16,662 (-25.5%), from €65,464 to €48,802
- Other debts +€390,945
up €390,945 (+244.4%), from €159,948 to €550,892
- Reserves -€186,000
down €186,000 (-17.3%), from €1.1m to €891,420
- Gross operating margin -€109,727
down €109,727 (-23.0%), from €476,491 to €366,764
- Taxes -€36,414
down €36,414 (-23.5%), from €155,239 to €118,825
- Financial income +€29,211
up €29,211 (+121.6%), from €24,024 to €53,236
of which Financial income: +€50,211
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 | €1,298,549 | €1,513,281 | +€214,732 | +16.5% |
| Fixed assets | 21/28 | €861,696 | €1,288,415 | +€426,719 | +49.5% |
| Tangible fixed assets | 22/27 | €65,464 | €48,802 | -€16,662 | -25.5% |
| Furniture and vehicles | 24 | €65,464 | €48,802 | -€16,662 | -25.5% |
| Financial fixed assets | 28 | €796,232 | €1,239,613 | +€443,381 | +55.7% |
| Current assets | 29/58 | €436,853 | €224,866 | -€211,987 | -48.5% |
| Amounts receivable within one year | 40/41 | €13,277 | €24,249 | +€10,972 | +82.6% |
| Trade receivables | 40 | €8,079 | €5,758 | -€2,321 | -28.7% |
| Other amounts receivable | 41 | €5,198 | €18,491 | +€13,293 | +255.7% |
| Cash at bank and in hand | 54/58 | €423,576 | €200,617 | -€222,959 | -52.6% |
| Total equity and liabilities | 10/49 | €1,298,549 | €1,513,281 | +€214,732 | +16.5% |
| Equity | 10/15 | €1,134,101 | €948,126 | -€185,975 | -16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,077,420 | €891,420 | -€186,000 | -17.3% |
| Distributable reserves | 133 | €1,077,420 | €891,420 | -€186,000 | -17.3% |
| Profit (loss) carried forward | 14 | €38,081 | €38,106 | +€25 | +0.1% |
| Amounts payable | 17/49 | €164,448 | €565,155 | +€400,707 | +243.7% |
| Amounts payable within one year | 42/48 | €164,448 | €565,155 | +€400,707 | +243.7% |
| Trade debts | 44 | - | €1,513 | +€1,513 | |
| Suppliers | 440/4 | - | €1,513 | +€1,513 | |
| Taxes, remuneration and social security | 45 | €4,500 | €12,750 | +€8,250 | +183.3% |
| Taxes | 450/3 | €4,500 | €7,500 | +€3,000 | +66.7% |
| Remuneration and social security | 454/9 | - | €5,250 | +€5,250 | |
| Other amounts payable | 47/48 | €159,948 | €550,892 | +€390,945 | +244.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,890 | €16,662 | -€228 | -1.3% |
| Other operating charges | 640/8 | €1,172 | €1,408 | +€236 | +20.1% |
| Gross operating margin | 9900 | €476,491 | €366,764 | -€109,727 | -23.0% |
| Operating profit (loss) | 9901 | €458,430 | €348,695 | -€109,735 | -23.9% |
| Financial income | 75/76B | €24,024 | €53,236 | +€29,211 | +121.6% |
| Recurring financial income | 75 | €3,024 | €53,236 | +€50,211 | +1660.2% |
| Non-recurring financial income | 76B | €21,000 | - | -€21,000 | |
| Financial charges | 65/66B | €4,072 | €2,081 | -€1,991 | -48.9% |
| Recurring financial charges | 65 | €1,072 | €2,081 | +€1,009 | +94.2% |
| Non-recurring financial charges | 66B | €3,000 | - | -€3,000 | |
| Profit (loss) for the period before taxes | 9903 | €478,383 | €399,850 | -€78,533 | -16.4% |
| Income taxes | 67/77 | €155,239 | €118,825 | -€36,414 | -23.5% |
| Profit (loss) for the period | 9904 | €323,143 | €281,025 | -€42,119 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €323,143 | €281,025 | -€42,119 | -13.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.