TRAPOL: 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.
TRAPOL
Largest movements
- Tangible fixed assets -€59,898
down €59,898 (-44.1%), from €135,796 to €75,898
of which Land and buildings: -€69,628
- Receivables within one year +€21,636
up €21,636 (+40.2%), from €53,788 to €75,424
of which Other amounts receivable: +€38,884
- Stocks and contracts -€12,672
down €12,672 (-2.2%), from €566,102 to €553,430
- Debts after one year -€57,961
down €57,961 (-9.5%), from €607,961 to €550,000
of which Financial debts: -€57,961
- Trade debts +€25,848
up €25,848 (+20.4%), from €126,572 to €152,421
- Profit (loss) carried forward -€14,573
down €14,573 (-3.4%), from -€434,482 to -€449,054
- Other debts +€9,671
up €9,671 (+66.0%), from €14,649 to €24,320
- Current portion of long-term debt -€9,479
down €9,479 (-13.1%), from €72,575 to €63,096
- Gross operating margin -€35,851
down €35,851 (-12.1%), from €295,788 to €259,937
- Staff costs -€14,517
down €14,517 (-7.8%), from €186,391 to €171,874
- Financial charges -€8,281
down €8,281 (-34.7%), from €23,850 to €15,568
- Depreciation -€6,601
down €6,601 (-8.2%), from €80,310 to €73,709
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 | €790,594 | €740,532 | -€50,062 | -6.3% |
| Fixed assets | 21/28 | €144,612 | €81,714 | -€62,898 | -43.5% |
| Intangible fixed assets | 21 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Tangible fixed assets | 22/27 | €135,796 | €75,898 | -€59,898 | -44.1% |
| Land and buildings | 22 | €134,954 | €65,326 | -€69,628 | -51.6% |
| Plant, machinery and equipment | 23 | €842 | €8,923 | +€8,081 | +960% |
| Furniture and vehicles | 24 | - | €1,649 | +€1,649 | |
| Financial fixed assets | 28 | €1,316 | €816 | -€500 | -38.0% |
| Current assets | 29/58 | €645,982 | €658,818 | +€12,836 | +2.0% |
| Stocks and contracts in progress | 3 | €566,102 | €553,430 | -€12,672 | -2.2% |
| Stocks | 30/36 | €566,102 | €553,430 | -€12,672 | -2.2% |
| Amounts receivable within one year | 40/41 | €53,788 | €75,424 | +€21,636 | +40.2% |
| Trade receivables | 40 | €53,788 | €36,540 | -€17,248 | -32.1% |
| Other amounts receivable | 41 | - | €38,884 | +€38,884 | |
| Cash at bank and in hand | 54/58 | €26,092 | €29,964 | +€3,872 | +14.8% |
| Total equity and liabilities | 10/49 | €790,594 | €740,532 | -€50,062 | -6.3% |
| Equity | 10/15 | -€115,882 | -€130,454 | -€14,573 | -12.6% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€434,482 | -€449,054 | -€14,573 | -3.4% |
| Amounts payable | 17/49 | €906,476 | €870,986 | -€35,490 | -3.9% |
| Amounts payable after more than one year | 17 | €607,961 | €550,000 | -€57,961 | -9.5% |
| Financial debts | 170/4 | €117,961 | €60,000 | -€57,961 | -49.1% |
| Other amounts payable | 178/9 | €490,000 | €490,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €298,515 | €320,986 | +€22,471 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €72,575 | €63,096 | -€9,479 | -13.1% |
| Financial debts | 43 | €3,515 | €7,315 | +€3,799 | +108% |
| Credit institutions | 430/8 | €3,515 | €7,315 | +€3,799 | +108% |
| Trade debts | 44 | €126,572 | €152,421 | +€25,848 | +20.4% |
| Suppliers | 440/4 | €126,572 | €152,421 | +€25,848 | +20.4% |
| Taxes, remuneration and social security | 45 | €81,204 | €73,835 | -€7,369 | -9.1% |
| Taxes | 450/3 | €33,624 | €35,289 | +€1,665 | +5.0% |
| Remuneration and social security | 454/9 | €47,580 | €38,546 | -€9,034 | -19.0% |
| Other amounts payable | 47/48 | €14,649 | €24,320 | +€9,671 | +66.0% |
| Remuneration, social security and pensions | 62 | €186,391 | €171,874 | -€14,517 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,310 | €73,709 | -€6,601 | -8.2% |
| Other operating charges | 640/8 | €15,458 | €14,967 | -€491 | -3.2% |
| Gross operating margin | 9900 | €295,788 | €259,937 | -€35,851 | -12.1% |
| Operating profit (loss) | 9901 | €13,630 | -€613 | -€14,243 | |
| Financial income | 75/76B | €201 | €1,608 | +€1,407 | +698% |
| Recurring financial income | 75 | €201 | €1,608 | +€1,407 | +698% |
| Financial charges | 65/66B | €23,850 | €15,568 | -€8,281 | -34.7% |
| Recurring financial charges | 65 | €23,850 | €15,568 | -€8,281 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,018 | -€14,573 | -€4,554 | -45.5% |
| Income taxes | 67/77 | €382 | €0 | -€382 | -100% |
| Profit (loss) for the period | 9904 | -€10,400 | -€14,573 | -€4,173 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,400 | -€14,573 | -€4,173 | -40.1% |
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 13 October 2026 via checked.be.