RATTRAP: 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.
RATTRAP
Largest movements
- Cash +€76,711
up €76,711 (+33.1%), from €231,779 to €308,491
mainly Net result for the year (+€81,095) and Other debts (+€6,459)
- Receivables within one year +€3,722
up €3,722 (+43.8%), from €8,506 to €12,228
of which Trade receivables: +€3,822
- Reserves +€80,000
up €80,000 (+47.1%), from €169,700 to €249,700
of which Distributable reserves: +€80,000
- Other debts +€6,459
up €6,459 (+25.3%), from €25,547 to €32,006
- Tax, wage and social debts -€5,275
down €5,275 (-22.4%), from €23,587 to €18,312
- Gross operating margin +€27,367
up €27,367 (+28.5%), from €95,928 to €123,295
- Taxes +€8,941
up €8,941 (+29.6%), from €30,257 to €39,199
- Other operating charges -€3,830
down €3,830 (-75.6%), from €5,069 to €1,238
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 | €242,904 | €324,653 | +€81,749 | +33.7% |
| Fixed assets | 21/28 | €2,037 | €3,879 | +€1,841 | +90.4% |
| Tangible fixed assets | 22/27 | €2,037 | €3,879 | +€1,841 | +90.4% |
| Plant, machinery and equipment | 23 | €186 | €38 | -€149 | -79.9% |
| Furniture and vehicles | 24 | €1,851 | €3,841 | +€1,990 | +107.5% |
| Current assets | 29/58 | €240,867 | €320,774 | +€79,907 | +33.2% |
| Amounts receivable within one year | 40/41 | €8,506 | €12,228 | +€3,722 | +43.8% |
| Trade receivables | 40 | €8,405 | €12,228 | +€3,822 | +45.5% |
| Other amounts receivable | 41 | €101 | €0 | -€101 | -100.0% |
| Cash at bank and in hand | 54/58 | €231,779 | €308,491 | +€76,711 | +33.1% |
| Deferred charges and accrued income | 490/1 | €582 | €56 | -€526 | -90.4% |
| Total equity and liabilities | 10/49 | €242,904 | €324,653 | +€81,749 | +33.7% |
| Equity | 10/15 | €190,170 | €270,431 | +€80,262 | +42.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €169,700 | €249,700 | +€80,000 | +47.1% |
| Tax-exempt reserves | 132 | €700 | €700 | = | 0.0% |
| Distributable reserves | 133 | €169,000 | €249,000 | +€80,000 | +47.3% |
| Profit (loss) carried forward | 14 | €1,870 | €2,131 | +€262 | +14.0% |
| Amounts payable | 17/49 | €52,735 | €54,222 | +€1,487 | +2.8% |
| Amounts payable within one year | 42/48 | €52,735 | €54,222 | +€1,487 | +2.8% |
| Trade debts | 44 | €3,601 | €3,904 | +€303 | +8.4% |
| Suppliers | 440/4 | €3,601 | €3,904 | +€303 | +8.4% |
| Taxes, remuneration and social security | 45 | €23,587 | €18,312 | -€5,275 | -22.4% |
| Taxes | 450/3 | €23,587 | €18,312 | -€5,275 | -22.4% |
| Other amounts payable | 47/48 | €25,547 | €32,006 | +€6,459 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516 | €1,651 | +€1,135 | +220.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €480 | €0 | -€480 | -100.0% |
| Other operating charges | 640/8 | €5,069 | €1,238 | -€3,830 | -75.6% |
| Non-recurring operating charges | 66A | €375 | €0 | -€375 | -100.0% |
| Gross operating margin | 9900 | €95,928 | €123,295 | +€27,367 | +28.5% |
| Operating profit (loss) | 9901 | €89,489 | €120,407 | +€30,918 | +34.5% |
| Financial income | 75/76B | €176 | €43 | -€133 | -75.6% |
| Recurring financial income | 75 | €176 | €43 | -€133 | -75.6% |
| Financial charges | 65/66B | €404 | €157 | -€248 | -61.3% |
| Recurring financial charges | 65 | €404 | €157 | -€248 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €89,261 | €120,293 | +€31,032 | +34.8% |
| Income taxes | 67/77 | €30,257 | €39,199 | +€8,941 | +29.6% |
| Profit (loss) for the period | 9904 | €59,004 | €81,095 | +€22,091 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,004 | €81,095 | +€22,091 | +37.4% |
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 9 October 2026 via checked.be.