GROEP 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.
GROEP TRAP
Largest movements
- Stocks and contracts +€237,824
new in 2025: €237,824
- Receivables within one year -€69,385
down €69,385 (-59.1%), from €117,463 to €48,078
of which Trade receivables: -€69,082
- Tangible fixed assets +€16,706
up €16,706 (+41.4%), from €40,303 to €57,009
of which Other tangible fixed assets: +€18,954
- Cash +€13,945
up €13,945 (+51.4%), from €27,115 to €41,060
mainly Other debts (+€350,418) and Receivables within one year (+€69,385)
- Other debts +€350,418
up €350,418 (+95.7%), from €366,216 to €716,633
- Trade debts -€100,657
down €100,657 (-68.5%), from €147,043 to €46,386
- Profit (loss) carried forward -€43,216
down €43,216 (-2.4%), from -€1.8m to -€1.8m
- Tax, wage and social debts -€7,455
down €7,455 (-49.9%), from €14,946 to €7,491
of which Taxes: -€9,955
- Gross operating margin -€67,217
down €67,217, from €38,314 to -€28,903
- Financial charges -€2,146
down €2,146, from €706 to -€1,440
- Financial income +€1,389
up €1,389 (+108%), from €1,292 to €2,681
- Depreciation +€655
up €655 (+5.7%), from €11,405 to €12,059
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 | €184,881 | €383,971 | +€199,090 | +108% |
| Fixed assets | 21/28 | €40,303 | €57,009 | +€16,706 | +41.4% |
| Tangible fixed assets | 22/27 | €40,303 | €57,009 | +€16,706 | +41.4% |
| Plant, machinery and equipment | 23 | €1,019 | €9,455 | +€8,436 | +828% |
| Furniture and vehicles | 24 | €39,285 | €28,600 | -€10,685 | -27.2% |
| Other tangible fixed assets | 26 | - | €18,954 | +€18,954 | |
| Current assets | 29/58 | €144,578 | €326,962 | +€182,384 | +126% |
| Stocks and contracts in progress | 3 | - | €237,824 | +€237,824 | |
| Stocks | 30/36 | - | €237,824 | +€237,824 | |
| Amounts receivable within one year | 40/41 | €117,463 | €48,078 | -€69,385 | -59.1% |
| Trade receivables | 40 | €116,964 | €47,882 | -€69,082 | -59.1% |
| Other amounts receivable | 41 | €499 | €196 | -€303 | -60.7% |
| Cash at bank and in hand | 54/58 | €27,115 | €41,060 | +€13,945 | +51.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €184,881 | €383,971 | +€199,090 | +108% |
| Equity | 10/15 | -€938,323 | -€981,539 | -€43,216 | -4.6% |
| Contributions | 10/11 | €857,500 | €857,500 | = | 0.0% |
| Reserves | 13 | €233 | €233 | = | 0.0% |
| Distributable reserves | 133 | €233 | €233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,796,056 | -€1,839,272 | -€43,216 | -2.4% |
| Amounts payable | 17/49 | €1,123,204 | €1,365,510 | +€242,306 | +21.6% |
| Amounts payable after more than one year | 17 | €595,000 | €595,000 | = | 0.0% |
| Financial debts | 170/4 | €595,000 | €595,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €528,204 | €770,510 | +€242,306 | +45.9% |
| Trade debts | 44 | €147,043 | €46,386 | -€100,657 | -68.5% |
| Suppliers | 440/4 | €147,043 | €46,386 | -€100,657 | -68.5% |
| Taxes, remuneration and social security | 45 | €14,946 | €7,491 | -€7,455 | -49.9% |
| Taxes | 450/3 | €12,633 | €2,679 | -€9,955 | -78.8% |
| Remuneration and social security | 454/9 | €2,313 | €4,813 | +€2,500 | +108% |
| Other amounts payable | 47/48 | €366,216 | €716,633 | +€350,418 | +95.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,405 | €12,059 | +€655 | +5.7% |
| Other operating charges | 640/8 | €5,695 | €5,996 | +€301 | +5.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €38,314 | -€28,903 | -€67,217 | |
| Operating profit (loss) | 9901 | €21,214 | -€46,959 | -€68,173 | |
| Financial income | 75/76B | €1,292 | €2,681 | +€1,389 | +108% |
| Recurring financial income | 75 | €1,292 | €2,681 | +€1,389 | +108% |
| Financial charges | 65/66B | €706 | -€1,440 | -€2,146 | |
| Recurring financial charges | 65 | €706 | -€1,440 | -€2,146 | |
| Profit (loss) for the period before taxes | 9903 | €21,800 | -€42,837 | -€64,637 | |
| Income taxes | 67/77 | €621 | €379 | -€243 | -39.0% |
| Profit (loss) for the period | 9904 | €21,178 | -€43,216 | -€64,394 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,178 | -€43,216 | -€64,394 |
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 15 October 2026 via checked.be.