Trapegeer: what changed
Two financial 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
- Financial fixed assets +€1.1m
up €1.1m (+167.3%), from €636,232 to €1.7m
- Cash +€100,504
up €100,504 (+649.5%), from €15,474 to €115,978
mainly Net result for the year (+€1.4m) and Tax, wage and social debts (+€139,308)
- Current investments +€20,000
new in 2025: €20,000
- Reserves +€1.4m
up €1.4m (+806.0%), from €168,779 to €1.5m
- Debts after one year -€205,438
down €205,438 (-59.1%), from €347,512 to €142,074
of which Other amounts payable: -€115,000
- Tax, wage and social debts +€139,308
up €139,308 (+1755.3%), from €7,936 to €147,244
- Other debts -€90,913
down €90,913 (-79.9%), from €113,812 to €22,899
- Trade debts -€67,829
down €67,829 (-96.0%), from €70,626 to €2,796
- Financial income +€1.3m
up €1.3m (+13355842500.0%), from €0 to €1.3m
- Taxes +€169,216
up €169,216 (+761.5%), from €22,222 to €191,439
- Gross operating margin +€95,222
up €95,222 (+59.1%), from €161,080 to €256,301
- Other operating charges -€64,586
down €64,586 (-97.9%), from €65,950 to €1,364
- Write-downs +€10,000
new in 2025: €10,000
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 | €756,346 | €1,905,275 | +€1.1m | +151.9% |
| Fixed assets | 21/28 | €652,778 | €1,706,516 | +€1.1m | +161.4% |
| Tangible fixed assets | 22/27 | €16,546 | €5,916 | -€10,629 | -64.2% |
| Furniture and vehicles | 24 | €13,690 | €3,436 | -€10,254 | -74.9% |
| Other tangible fixed assets | 26 | €2,856 | €2,480 | -€376 | -13.2% |
| Financial fixed assets | 28 | €636,232 | €1,700,600 | +€1.1m | +167.3% |
| Current assets | 29/58 | €103,569 | €198,759 | +€95,191 | +91.9% |
| Amounts receivable after more than one year | 29 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Stocks and contracts in progress | 3 | €77,931 | €62,782 | -€15,149 | -19.4% |
| Stocks | 30/36 | €54,681 | €31,318 | -€23,363 | -42.7% |
| Contracts in progress | 37 | €23,250 | €31,464 | +€8,214 | +35.3% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €15,474 | €115,978 | +€100,504 | +649.5% |
| Deferred charges and accrued income | 490/1 | €164 | - | -€164 | |
| Total equity and liabilities | 10/49 | €756,346 | €1,905,275 | +€1.1m | +151.9% |
| Equity | 10/15 | €169,779 | €1,530,159 | +€1.4m | +801.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €168,779 | €1,529,159 | +€1.4m | +806.0% |
| Distributable reserves | 133 | €168,779 | €1,529,159 | +€1.4m | +806.0% |
| Amounts payable | 17/49 | €586,568 | €375,117 | -€211,451 | -36.0% |
| Amounts payable after more than one year | 17 | €347,512 | €142,074 | -€205,438 | -59.1% |
| Financial debts | 170/4 | €232,512 | €142,074 | -€90,438 | -38.9% |
| Other amounts payable | 178/9 | €115,000 | - | -€115,000 | |
| Amounts payable within one year | 42/48 | €231,325 | €226,646 | -€4,679 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €38,952 | €53,707 | +€14,756 | +37.9% |
| Trade debts | 44 | €70,626 | €2,796 | -€67,829 | -96.0% |
| Suppliers | 440/4 | €70,626 | €2,796 | -€67,829 | -96.0% |
| Taxes, remuneration and social security | 45 | €7,936 | €147,244 | +€139,308 | +1755.3% |
| Taxes | 450/3 | €7,936 | €147,244 | +€139,308 | +1755.3% |
| Other amounts payable | 47/48 | €113,812 | €22,899 | -€90,913 | -79.9% |
| Accrued charges and deferred income | 492/3 | €7,730 | €6,397 | -€1,334 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,629 | €10,629 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €65,950 | €1,364 | -€64,586 | -97.9% |
| Gross operating margin | 9900 | €161,080 | €256,301 | +€95,222 | +59.1% |
| Operating profit (loss) | 9901 | €84,500 | €234,308 | +€149,808 | +177.3% |
| Financial income | 75/76B | €0 | €1,335,584 | +€1.3m | +13355842500.0% |
| Recurring financial income | 75 | €0 | €1,335,584 | +€1.3m | +13355842500.0% |
| Financial charges | 65/66B | €18,610 | €18,073 | -€537 | -2.9% |
| Recurring financial charges | 65 | €18,610 | €18,073 | -€537 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €65,890 | €1,551,819 | +€1.5m | +2255.2% |
| Income taxes | 67/77 | €22,222 | €191,439 | +€169,216 | +761.5% |
| Profit (loss) for the period | 9904 | €43,668 | €1,360,380 | +€1.3m | +3015.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,668 | €1,360,380 | +€1.3m | +3015.3% |
Source: filed annual accounts (NBB), financial 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.