TRAP - DIVISION IMPORT: what changed
TRAP - DIVISION IMPORT
Largest movements
- Receivables within one year -€13,094
down €13,094 (-18.6%), from €70,378 to €57,284
of which Trade receivables: -€10,641
- Tangible fixed assets -€9,969
down €9,969 (-52.9%), from €18,852 to €8,883
of which Plant, machinery and equipment: -€7,803
- Stocks and contracts +€5,250
up €5,250 (+15.6%), from €33,702 to €38,952
- Cash +€4,341
up €4,341 (+2.2%), from €194,624 to €198,965
mainly Receivables within one year (+€13,094) and Depreciation (+€9,969)
- Trade debts -€21,268
down €21,268 (-70.2%), from €30,284 to €9,016
- Reserves +€8,670
up €8,670 (+4.1%), from €210,131 to €218,800
of which Distributable reserves: +€8,670
- Gross operating margin -€35,576
down €35,576 (-57.3%), from €62,076 to €26,500
- Depreciation -€12,270
down €12,270 (-55.2%), from €22,239 to €9,969
- Taxes -€7,524
down €7,524 (-54.8%), from €13,731 to €6,208
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,165 | €304,696 | -€13,469 | -4.2% |
| Fixed assets | 21/28 | €18,852 | €8,883 | -€9,969 | -52.9% |
| Tangible fixed assets | 22/27 | €18,852 | €8,883 | -€9,969 | -52.9% |
| Plant, machinery and equipment | 23 | €8,483 | €680 | -€7,803 | -92.0% |
| Furniture and vehicles | 24 | €10,368 | €8,202 | -€2,166 | -20.9% |
| Current assets | 29/58 | €299,313 | €295,813 | -€3,500 | -1.2% |
| Stocks and contracts in progress | 3 | €33,702 | €38,952 | +€5,250 | +15.6% |
| Stocks | 30/36 | €33,702 | €38,952 | +€5,250 | +15.6% |
| Amounts receivable within one year | 40/41 | €70,378 | €57,284 | -€13,094 | -18.6% |
| Trade receivables | 40 | €57,266 | €46,625 | -€10,641 | -18.6% |
| Other amounts receivable | 41 | €13,112 | €10,659 | -€2,453 | -18.7% |
| Cash at bank and in hand | 54/58 | €194,624 | €198,965 | +€4,341 | +2.2% |
| Deferred charges and accrued income | 490/1 | €609 | €612 | +€3 | +0.5% |
| Total equity and liabilities | 10/49 | €318,165 | €304,696 | -€13,469 | -4.2% |
| Equity | 10/15 | €272,104 | €280,774 | +€8,670 | +3.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €210,131 | €218,800 | +€8,670 | +4.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €203,933 | €212,603 | +€8,670 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,061 | €23,922 | -€22,139 | -48.1% |
| Amounts payable within one year | 42/48 | €45,900 | €23,691 | -€22,209 | -48.4% |
| Trade debts | 44 | €30,284 | €9,016 | -€21,268 | -70.2% |
| Suppliers | 440/4 | €30,284 | €9,016 | -€21,268 | -70.2% |
| Taxes, remuneration and social security | 45 | €11,938 | €9,036 | -€2,902 | -24.3% |
| Taxes | 450/3 | €11,938 | €9,036 | -€2,902 | -24.3% |
| Other amounts payable | 47/48 | €3,679 | €5,639 | +€1,960 | +53.3% |
| Accrued charges and deferred income | 492/3 | €160 | €231 | +€71 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,239 | €9,969 | -€12,270 | -55.2% |
| Other operating charges | 640/8 | €896 | €759 | -€137 | -15.3% |
| Gross operating margin | 9900 | €62,076 | €26,500 | -€35,576 | -57.3% |
| Operating profit (loss) | 9901 | €38,942 | €15,772 | -€23,170 | -59.5% |
| Financial income | 75/76B | €5 | €35 | +€30 | +600% |
| Recurring financial income | 75 | €5 | €35 | +€30 | +600% |
| Financial charges | 65/66B | €842 | €930 | +€88 | +10.5% |
| Recurring financial charges | 65 | €842 | €930 | +€88 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €38,105 | €14,877 | -€23,228 | -61.0% |
| Income taxes | 67/77 | €13,731 | €6,208 | -€7,524 | -54.8% |
| Profit (loss) for the period | 9904 | €24,374 | €8,670 | -€15,704 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,374 | €8,670 | -€15,704 | -64.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.