TRAPHI LOGISTICS: 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.
TRAPHI LOGISTICS
Largest movements
- Cash +€12,554
up €12,554 (+66.2%), from €18,957 to €31,511
mainly Tax, wage and social debts (+€19,092) and Trade debts (+€9,991)
- Tangible fixed assets +€4,765
up €4,765 (+68.6%), from €6,942 to €11,707
of which Furniture and vehicles: +€6,745
- Deferred charges and accrued income +€1,903
new in 2025: €1,903
- Tax, wage and social debts +€19,092
up €19,092 (+60.9%), from €31,366 to €50,458
of which Taxes: +€27,569
- Trade debts +€9,991
up €9,991 (+233%), from €4,290 to €14,281
- Debts after one year -€6,722
down €6,722 (-36.4%), from €18,458 to €11,736
- Current portion of long-term debt -€4,392
down €4,392 (-20.8%), from €21,113 to €16,721
- Profit (loss) carried forward +€1,316
up €1,316 (+12.9%), from -€10,213 to -€8,897
- Other operating charges +€30,569
up €30,569 (+1,211%), from €2,524 to €33,094
- Gross operating margin +€20,705
up €20,705 (+16.9%), from €122,849 to €143,554
- Financial charges +€3,822
up €3,822 (+150%), from €2,545 to €6,367
of which Financial charges: +€3,103
- Staff costs -€2,904
down €2,904 (-3.0%), from €95,553 to €92,649
- Depreciation +€2,505
up €2,505 (+65.0%), from €3,855 to €6,360
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.
Derived cash bridge
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 | €69,014 | €88,320 | +€19,306 | +28.0% |
| Fixed assets | 21/28 | €6,942 | €11,707 | +€4,765 | +68.6% |
| Tangible fixed assets | 22/27 | €6,942 | €11,707 | +€4,765 | +68.6% |
| Plant, machinery and equipment | 23 | €3,441 | €1,462 | -€1,980 | -57.5% |
| Furniture and vehicles | 24 | €3,501 | €10,246 | +€6,745 | +193% |
| Current assets | 29/58 | €62,072 | €76,612 | +€14,541 | +23.4% |
| Amounts receivable within one year | 40/41 | €43,115 | €43,199 | +€84 | +0.2% |
| Trade receivables | 40 | €33,926 | €10,144 | -€23,781 | -70.1% |
| Other amounts receivable | 41 | €9,189 | €33,055 | +€23,865 | +260% |
| Cash at bank and in hand | 54/58 | €18,957 | €31,511 | +€12,554 | +66.2% |
| Deferred charges and accrued income | 490/1 | - | €1,903 | +€1,903 | |
| Total equity and liabilities | 10/49 | €69,014 | €88,320 | +€19,306 | +28.0% |
| Equity | 10/15 | -€6,213 | -€4,897 | +€1,316 | +21.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,213 | -€8,897 | +€1,316 | +12.9% |
| Amounts payable | 17/49 | €75,227 | €93,217 | +€17,990 | +23.9% |
| Amounts payable after more than one year | 17 | €18,458 | €11,736 | -€6,722 | -36.4% |
| Financial debts | 170/4 | €18,458 | €11,736 | -€6,722 | -36.4% |
| Amounts payable within one year | 42/48 | €56,769 | €81,480 | +€24,712 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €21,113 | €16,721 | -€4,392 | -20.8% |
| Trade debts | 44 | €4,290 | €14,281 | +€9,991 | +233% |
| Suppliers | 440/4 | €4,290 | €14,281 | +€9,991 | +233% |
| Taxes, remuneration and social security | 45 | €31,366 | €50,458 | +€19,092 | +60.9% |
| Taxes | 450/3 | €13,818 | €41,387 | +€27,569 | +200% |
| Remuneration and social security | 454/9 | €17,548 | €9,070 | -€8,477 | -48.3% |
| Other amounts payable | 47/48 | - | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €95,553 | €92,649 | -€2,904 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,855 | €6,360 | +€2,505 | +65.0% |
| Other operating charges | 640/8 | €2,524 | €33,094 | +€30,569 | +1,211% |
| Gross operating margin | 9900 | €122,849 | €143,554 | +€20,705 | +16.9% |
| Operating profit (loss) | 9901 | €20,917 | €11,451 | -€9,466 | -45.3% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €2,545 | €6,367 | +€3,822 | +150% |
| Recurring financial charges | 65 | €2,545 | €5,648 | +€3,103 | +122% |
| Non-recurring financial charges | 66B | - | €719 | +€719 | |
| Profit (loss) for the period before taxes | 9903 | €18,372 | €5,097 | -€13,274 | -72.3% |
| Income taxes | 67/77 | €2,643 | €3,781 | +€1,138 | +43.1% |
| Profit (loss) for the period | 9904 | €15,728 | €1,316 | -€14,412 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,728 | €1,316 | -€14,412 | -91.6% |
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 15 October 2026 via checked.be.