TRAPEGEER: 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.
TRAPEGEER
Largest movements
- Cash -€158,277
down €158,277 (-48.1%), from €328,890 to €170,612
mainly Debts after one year (-€152,000) and Net result for the year (-€115,069)
- Intangible fixed assets -€79,975
down €79,975 (-4.3%), from €1.9m to €1.8m
- Debts after one year -€152,000
down €152,000 (-7.1%), from €2.2m to €2.0m
- Profit (loss) carried forward -€115,069
down €115,069 (-1050.8%), from -€10,951 to -€126,020
- Gross operating margin +€8,698
up €8,698 (+109.3%), from €7,956 to €16,654
- Depreciation -€6,641
down €6,641 (-5.5%), from €120,262 to €113,620
- Other operating charges +€6,118
up €6,118 (+57.0%), from €10,735 to €16,853
- Taxes +€722
up €722 (+798.8%), from €90 to €813
- Financial charges -€695
down €695 (-50.3%), from €1,382 to €687
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 | €2,917,719 | €2,679,276 | -€238,443 | -8.2% |
| Fixed assets | 21/28 | €2,587,639 | €2,503,409 | -€84,230 | -3.3% |
| Intangible fixed assets | 21 | €1,862,702 | €1,782,728 | -€79,975 | -4.3% |
| Tangible fixed assets | 22/27 | €724,937 | €720,681 | -€4,256 | -0.6% |
| Land and buildings | 22 | €444,598 | €440,588 | -€4,010 | -0.9% |
| Furniture and vehicles | 24 | €1,199 | €953 | -€246 | -20.5% |
| Other tangible fixed assets | 26 | €279,140 | €279,140 | = | 0.0% |
| Current assets | 29/58 | €330,080 | €175,867 | -€154,213 | -46.7% |
| Cash at bank and in hand | 54/58 | €328,890 | €170,612 | -€158,277 | -48.1% |
| Deferred charges and accrued income | 490/1 | €1,190 | €5,255 | +€4,064 | +341.4% |
| Total equity and liabilities | 10/49 | €2,917,719 | €2,679,276 | -€238,443 | -8.2% |
| Equity | 10/15 | €639,045 | €523,977 | -€115,069 | -18.0% |
| Contributions | 10/11 | €616,924 | €616,924 | = | 0.0% |
| Capital | 10 | €616,924 | €616,924 | = | 0.0% |
| Issued capital | 100 | €616,924 | €616,924 | = | 0.0% |
| Reserves | 13 | €33,073 | €33,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,073 | €33,073 | = | 0.0% |
| Legal reserve | 130 | €33,073 | €33,073 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€10,951 | -€126,020 | -€115,069 | -1050.8% |
| Amounts payable | 17/49 | €2,278,674 | €2,155,299 | -€123,375 | -5.4% |
| Amounts payable after more than one year | 17 | €2,152,000 | €2,000,000 | -€152,000 | -7.1% |
| Financial debts | 170/4 | €2,152,000 | €2,000,000 | -€152,000 | -7.1% |
| Amounts payable within one year | 42/48 | €124,574 | €153,085 | +€28,511 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,699 | €4,226 | +€1,527 | +56.6% |
| Suppliers | 440/4 | €2,699 | €4,226 | +€1,527 | +56.6% |
| Other amounts payable | 47/48 | €121,875 | €148,859 | +€26,984 | +22.1% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,214 | +€114 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,262 | €113,620 | -€6,641 | -5.5% |
| Other operating charges | 640/8 | €10,735 | €16,853 | +€6,118 | +57.0% |
| Gross operating margin | 9900 | €7,956 | €16,654 | +€8,698 | +109.3% |
| Operating profit (loss) | 9901 | -€123,041 | -€113,819 | +€9,222 | +7.5% |
| Financial income | 75/76B | €301 | €250 | -€51 | -17.0% |
| Recurring financial income | 75 | €301 | €250 | -€51 | -17.0% |
| Financial charges | 65/66B | €1,382 | €687 | -€695 | -50.3% |
| Recurring financial charges | 65 | €1,382 | €687 | -€695 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€124,121 | -€114,256 | +€9,865 | +7.9% |
| Income taxes | 67/77 | €90 | €813 | +€722 | +798.8% |
| Profit (loss) for the period | 9904 | -€124,211 | -€115,069 | +€9,143 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€124,211 | -€115,069 | +€9,143 | +7.4% |
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 7 October 2026 via checked.be.