MH Trappen: 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.
MH Trappen
Largest movements
- Receivables within one year -€15,875
down €15,875 (-57.7%), from €27,510 to €11,634
of which Trade receivables: -€17,433
- Tangible fixed assets -€6,927
down €6,927 (-37.2%), from €18,641 to €11,714
of which Plant, machinery and equipment: -€4,625
- Stocks and contracts -€597
down €597 (-8.0%), from €7,499 to €6,902
of which Stocks: -€3,977
- Debts after one year -€18,093
down €18,093 (-59.4%), from €30,474 to €12,381
- Reserves -€2,969
down €2,969 (-100%), from €2,969 to €0
- Tax, wage and social debts -€1,845
down €1,845 (-86.1%), from €2,143 to €297
- Profit (loss) carried forward -€673
new in 2025: -€673
- Gross operating margin +€3,468
up €3,468 (+187%), from €1,858 to €5,326
- Other operating charges -€774
down €774 (-50.7%), from €1,526 to €752
- Taxes -€272
down €272 (-100%), from €272 to €0
- Financial charges +€222
up €222 (+20.7%), from €1,073 to €1,295
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 | €55,310 | €31,686 | -€23,624 | -42.7% |
| Fixed assets | 21/28 | €18,641 | €11,714 | -€6,927 | -37.2% |
| Tangible fixed assets | 22/27 | €18,641 | €11,714 | -€6,927 | -37.2% |
| Plant, machinery and equipment | 23 | €12,610 | €7,985 | -€4,625 | -36.7% |
| Furniture and vehicles | 24 | €6,032 | €3,729 | -€2,302 | -38.2% |
| Current assets | 29/58 | €36,669 | €19,972 | -€16,697 | -45.5% |
| Stocks and contracts in progress | 3 | €7,499 | €6,902 | -€597 | -8.0% |
| Stocks | 30/36 | €7,499 | €3,522 | -€3,977 | -53.0% |
| Contracts in progress | 37 | €0 | €3,380 | +€3,380 | |
| Amounts receivable within one year | 40/41 | €27,510 | €11,634 | -€15,875 | -57.7% |
| Trade receivables | 40 | €27,431 | €9,998 | -€17,433 | -63.6% |
| Other amounts receivable | 41 | €79 | €1,636 | +€1,558 | +1,983% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,436 | -€224 | -13.5% |
| Total equity and liabilities | 10/49 | €55,310 | €31,686 | -€23,624 | -42.7% |
| Equity | 10/15 | €4,969 | €1,327 | -€3,642 | -73.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €2,969 | €0 | -€2,969 | -100% |
| Distributable reserves | 133 | €2,969 | €0 | -€2,969 | -100% |
| Profit (loss) carried forward | 14 | - | -€673 | -€673 | |
| Amounts payable | 17/49 | €50,341 | €30,359 | -€19,982 | -39.7% |
| Amounts payable after more than one year | 17 | €30,474 | €12,381 | -€18,093 | -59.4% |
| Other amounts payable | 178/9 | €30,474 | €12,381 | -€18,093 | -59.4% |
| Amounts payable within one year | 42/48 | €19,867 | €17,978 | -€1,889 | -9.5% |
| Financial debts | 43 | €8,567 | €8,893 | +€325 | +3.8% |
| Credit institutions | 430/8 | €8,567 | €8,893 | +€325 | +3.8% |
| Trade debts | 44 | €9,157 | €8,788 | -€369 | -4.0% |
| Suppliers | 440/4 | €9,157 | €8,788 | -€369 | -4.0% |
| Taxes, remuneration and social security | 45 | €2,143 | €297 | -€1,845 | -86.1% |
| Taxes | 450/3 | €2,143 | €297 | -€1,845 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,927 | €6,927 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,526 | €752 | -€774 | -50.7% |
| Gross operating margin | 9900 | €1,858 | €5,326 | +€3,468 | +187% |
| Operating profit (loss) | 9901 | -€6,596 | -€2,354 | +€4,242 | +64.3% |
| Financial income | 75/76B | €0 | €7 | +€7 | +14,200% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +14,200% |
| Financial charges | 65/66B | €1,073 | €1,295 | +€222 | +20.7% |
| Recurring financial charges | 65 | €1,073 | €1,295 | +€222 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,668 | -€3,642 | +€4,027 | +52.5% |
| Income taxes | 67/77 | €272 | €0 | -€272 | -100% |
| Profit (loss) for the period | 9904 | -€7,941 | -€3,642 | +€4,299 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,941 | -€3,642 | +€4,299 | +54.1% |
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 17 October 2026 via checked.be.