TRAP SERVICES: 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.
TRAP SERVICES
Largest movements
- Tangible fixed assets -€84,225
down €84,225 (-13.2%), from €636,638 to €552,413
of which Land and buildings: -€65,833
- Receivables within one year -€15,563
down €15,563 (-3.6%), from €430,397 to €414,834
of which Other amounts receivable: -€13,280
- Debts after one year -€75,631
down €75,631 (-20.7%), from €365,473 to €289,843
- Tax, wage and social debts -€13,106
down €13,106 (-49.8%), from €26,323 to €13,217
- Gross operating margin -€44,871
down €44,871 (-25.8%), from €173,966 to €129,095
- Taxes -€5,737
down €5,737 (-25.1%), from €22,879 to €17,142
- Other operating charges -€3,149
down €3,149 (-40.1%), from €7,850 to €4,701
- Financial charges -€2,399
down €2,399 (-19.9%), from €12,055 to €9,656
- Financial income +€1,927
up €1,927 (+14.4%), from €13,413 to €15,340
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 | €1,076,896 | €977,563 | -€99,333 | -9.2% |
| Fixed assets | 21/28 | €636,638 | €552,413 | -€84,225 | -13.2% |
| Tangible fixed assets | 22/27 | €636,638 | €552,413 | -€84,225 | -13.2% |
| Land and buildings | 22 | €566,053 | €500,220 | -€65,833 | -11.6% |
| Plant, machinery and equipment | 23 | €21,432 | €16,371 | -€5,061 | -23.6% |
| Furniture and vehicles | 24 | €49,153 | €35,822 | -€13,332 | -27.1% |
| Current assets | 29/58 | €440,258 | €425,150 | -€15,108 | -3.4% |
| Amounts receivable within one year | 40/41 | €430,397 | €414,834 | -€15,563 | -3.6% |
| Trade receivables | 40 | €2,283 | €0 | -€2,283 | -100.0% |
| Other amounts receivable | 41 | €428,114 | €414,834 | -€13,280 | -3.1% |
| Current investments | 50/53 | €6,445 | €6,445 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,311 | €495 | -€816 | -62.2% |
| Deferred charges and accrued income | 490/1 | €2,105 | €3,376 | +€1,271 | +60.4% |
| Total equity and liabilities | 10/49 | €1,076,896 | €977,563 | -€99,333 | -9.2% |
| Equity | 10/15 | €504,779 | €507,664 | +€2,886 | +0.6% |
| Contributions | 10/11 | €9,084 | €9,084 | = | 0.0% |
| Reserves | 13 | €495,694 | €498,580 | +€2,886 | +0.6% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €307 | €307 | = | 0.0% |
| Distributable reserves | 133 | €493,488 | €496,373 | +€2,886 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €572,117 | €469,899 | -€102,219 | -17.9% |
| Amounts payable after more than one year | 17 | €365,473 | €289,843 | -€75,631 | -20.7% |
| Financial debts | 170/4 | €365,473 | €289,843 | -€75,631 | -20.7% |
| Amounts payable within one year | 42/48 | €204,546 | €178,047 | -€26,499 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €77,129 | €75,631 | -€1,498 | -1.9% |
| Financial debts | 43 | €26,419 | €19,536 | -€6,883 | -26.1% |
| Credit institutions | 430/8 | €26,419 | €19,536 | -€6,883 | -26.1% |
| Trade debts | 44 | €5,319 | €1,650 | -€3,669 | -69.0% |
| Suppliers | 440/4 | €5,319 | €1,650 | -€3,669 | -69.0% |
| Taxes, remuneration and social security | 45 | €26,323 | €13,217 | -€13,106 | -49.8% |
| Taxes | 450/3 | €26,323 | €13,217 | -€13,106 | -49.8% |
| Other amounts payable | 47/48 | €69,356 | €68,013 | -€1,343 | -1.9% |
| Accrued charges and deferred income | 492/3 | €2,098 | €2,009 | -€89 | -4.2% |
| Non-recurring operating income | 76A | €571 | €0 | -€571 | -100.0% |
| Remuneration, social security and pensions | 62 | €184 | €0 | -€184 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,225 | €84,225 | = | 0.0% |
| Other operating charges | 640/8 | €7,850 | €4,701 | -€3,149 | -40.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €173,966 | €129,095 | -€44,871 | -25.8% |
| Operating profit (loss) | 9901 | €81,708 | €40,169 | -€41,538 | -50.8% |
| Financial income | 75/76B | €13,413 | €15,340 | +€1,927 | +14.4% |
| Recurring financial income | 75 | €13,413 | €15,340 | +€1,927 | +14.4% |
| Financial charges | 65/66B | €12,055 | €9,656 | -€2,399 | -19.9% |
| Recurring financial charges | 65 | €12,055 | €9,656 | -€2,399 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €83,066 | €45,853 | -€37,213 | -44.8% |
| Income taxes | 67/77 | €22,879 | €17,142 | -€5,737 | -25.1% |
| Profit (loss) for the period | 9904 | €60,187 | €28,711 | -€31,476 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,187 | €28,711 | -€31,476 | -52.3% |
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 8 October 2026 via checked.be.