Trapaca: 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.
Trapaca
Largest movements
- Cash -€79,094
down €79,094 (-45.4%), from €174,267 to €95,173
mainly Current investments (-€70,000) and Net result for the year (-€42,165)
- Current investments +€70,000
new in 2025: €70,000
- Tangible fixed assets -€41,310
down €41,310 (-16.0%), from €258,861 to €217,551
of which Land and buildings: -€30,301
- Receivables within one year -€19,786
down €19,786 (-56.0%), from €35,311 to €15,525
of which Trade receivables: -€11,316
- Stocks and contracts -€7,563
down €7,563 (-5.1%), from €147,098 to €139,535
- Reserves -€40,683
down €40,683 (-8.4%), from €484,585 to €443,901
of which Distributable reserves: -€21,000
- Profit (loss) carried forward -€22,482
down €22,482 (-37.3%), from €60,317 to €37,835
- Trade debts -€8,541
down €8,541 (-93.6%), from €9,129 to €589
- Provisions -€6,561
down €6,561 (-14.2%), from €46,072 to €39,511
- Staff costs -€34,581
down €34,581 (-99.1%), from €34,880 to €299
- Financial income -€3,731
down €3,731 (-81.0%), from €4,608 to €877
- Other operating charges +€2,645
up €2,645 (+55.6%), from €4,755 to €7,400
- Gross operating margin +€1,343
up €1,343, from -€887 to €456
- Taxes -€1,255
down €1,255 (-71.6%), from €1,752 to €498
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 | €621,197 | €542,585 | -€78,611 | -12.7% |
| Fixed assets | 21/28 | €258,861 | €217,551 | -€41,310 | -16.0% |
| Tangible fixed assets | 22/27 | €258,861 | €217,551 | -€41,310 | -16.0% |
| Land and buildings | 22 | €223,420 | €193,118 | -€30,301 | -13.6% |
| Plant, machinery and equipment | 23 | €231 | - | -€231 | |
| Furniture and vehicles | 24 | €35,210 | €24,433 | -€10,778 | -30.6% |
| Current assets | 29/58 | €362,336 | €325,035 | -€37,301 | -10.3% |
| Stocks and contracts in progress | 3 | €147,098 | €139,535 | -€7,563 | -5.1% |
| Stocks | 30/36 | €147,098 | €139,535 | -€7,563 | -5.1% |
| Amounts receivable within one year | 40/41 | €35,311 | €15,525 | -€19,786 | -56.0% |
| Trade receivables | 40 | €25,403 | €14,087 | -€11,316 | -44.5% |
| Other amounts receivable | 41 | €9,908 | €1,438 | -€8,470 | -85.5% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €174,267 | €95,173 | -€79,094 | -45.4% |
| Deferred charges and accrued income | 490/1 | €5,660 | €4,802 | -€858 | -15.2% |
| Total equity and liabilities | 10/49 | €621,197 | €542,585 | -€78,611 | -12.7% |
| Equity | 10/15 | €564,902 | €501,737 | -€63,165 | -11.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €484,585 | €443,901 | -€40,683 | -8.4% |
| Tax-exempt reserves | 132 | €138,216 | €118,533 | -€19,683 | -14.2% |
| Distributable reserves | 133 | €346,369 | €325,369 | -€21,000 | -6.1% |
| Profit (loss) carried forward | 14 | €60,317 | €37,835 | -€22,482 | -37.3% |
| Provisions and deferred taxes | 16 | €46,072 | €39,511 | -€6,561 | -14.2% |
| Deferred taxes | 168 | €46,072 | €39,511 | -€6,561 | -14.2% |
| Amounts payable | 17/49 | €10,223 | €1,338 | -€8,886 | -86.9% |
| Amounts payable within one year | 42/48 | €10,223 | €1,338 | -€8,886 | -86.9% |
| Trade debts | 44 | €9,129 | €589 | -€8,541 | -93.6% |
| Suppliers | 440/4 | €9,129 | €589 | -€8,541 | -93.6% |
| Taxes, remuneration and social security | 45 | €1,094 | €749 | -€345 | -31.5% |
| Taxes | 450/3 | €1,094 | €749 | -€345 | -31.5% |
| Remuneration, social security and pensions | 62 | €34,880 | €299 | -€34,581 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,302 | €41,310 | +€8 | 0.0% |
| Other operating charges | 640/8 | €4,755 | €7,400 | +€2,645 | +55.6% |
| Gross operating margin | 9900 | -€887 | €456 | +€1,343 | |
| Operating profit (loss) | 9901 | -€81,824 | -€48,553 | +€33,271 | +40.7% |
| Financial income | 75/76B | €4,608 | €877 | -€3,731 | -81.0% |
| Recurring financial income | 75 | €4,608 | €877 | -€3,731 | -81.0% |
| Financial charges | 65/66B | €429 | €552 | +€124 | +28.8% |
| Recurring financial charges | 65 | €429 | €552 | +€124 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | -€77,644 | -€48,228 | +€29,416 | +37.9% |
| Transfer from deferred taxes | 780 | €6,561 | €6,561 | = | 0.0% |
| Income taxes | 67/77 | €1,752 | €498 | -€1,255 | -71.6% |
| Profit (loss) for the period | 9904 | -€72,835 | -€42,165 | +€30,671 | +42.1% |
| Transfer from tax-exempt reserves | 789 | €19,683 | €19,683 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,152 | -€22,482 | +€30,671 | +57.7% |
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 28 September 2026 via checked.be.