TRAPPEN PETER PEETERS: 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.
TRAPPEN PETER PEETERS
Largest movements
- Cash -€50,843
down €50,843 (-63.0%), from €80,737 to €29,893
mainly Other debts (-€34,983) and Stocks and contracts (-€11,883)
- Tangible fixed assets -€14,409
down €14,409 (-21.9%), from €65,727 to €51,318
of which Furniture and vehicles: -€9,457
- Stocks and contracts +€11,883
up €11,883 (+12.7%), from €93,757 to €105,640
of which Contracts in progress: +€11,685
- Receivables within one year -€5,549
down €5,549 (-61.8%), from €8,983 to €3,434
of which Trade receivables: -€5,748
- Other debts -€34,983
down €34,983 (-95.2%), from €36,734 to €1,751
- Tax, wage and social debts -€11,299
down €11,299 (-74.4%), from €15,193 to €3,894
of which Taxes: -€8,972
- Debts after one year -€7,452
down €7,452 (-56.1%), from €13,290 to €5,838
- Reserves -€5,138
down €5,138 (-4.0%), from €126,900 to €121,762
- Gross operating margin -€22,645
down €22,645 (-12.8%), from €176,317 to €153,672
- Taxes -€6,063
down €6,063 (-73.9%), from €8,205 to €2,143
- Staff costs +€4,118
up €4,118 (+3.5%), from €116,324 to €120,443
- Depreciation -€3,923
down €3,923 (-14.7%), from €26,774 to €22,851
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 | €256,993 | €198,742 | -€58,251 | -22.7% |
| Fixed assets | 21/28 | €65,727 | €51,318 | -€14,409 | -21.9% |
| Tangible fixed assets | 22/27 | €65,727 | €51,318 | -€14,409 | -21.9% |
| Land and buildings | 22 | €7,053 | €478 | -€6,575 | -93.2% |
| Plant, machinery and equipment | 23 | €2,843 | €4,466 | +€1,623 | +57.1% |
| Furniture and vehicles | 24 | €55,831 | €46,374 | -€9,457 | -16.9% |
| Current assets | 29/58 | €191,266 | €147,424 | -€43,842 | -22.9% |
| Stocks and contracts in progress | 3 | €93,757 | €105,640 | +€11,883 | +12.7% |
| Stocks | 30/36 | €93,757 | €93,955 | +€198 | +0.2% |
| Contracts in progress | 37 | - | €11,685 | +€11,685 | |
| Amounts receivable within one year | 40/41 | €8,983 | €3,434 | -€5,549 | -61.8% |
| Trade receivables | 40 | €5,748 | - | -€5,748 | |
| Other amounts receivable | 41 | €3,235 | €3,434 | +€199 | +6.2% |
| Cash at bank and in hand | 54/58 | €80,737 | €29,893 | -€50,843 | -63.0% |
| Deferred charges and accrued income | 490/1 | €7,789 | €8,456 | +€667 | +8.6% |
| Total equity and liabilities | 10/49 | €256,993 | €198,742 | -€58,251 | -22.7% |
| Equity | 10/15 | €178,900 | €173,762 | -€5,138 | -2.9% |
| Contributions | 10/11 | €52,000 | €52,000 | = | 0.0% |
| Reserves | 13 | €126,900 | €121,762 | -€5,138 | -4.0% |
| Distributable reserves | 133 | €126,900 | €121,762 | -€5,138 | -4.0% |
| Amounts payable | 17/49 | €78,093 | €24,979 | -€53,113 | -68.0% |
| Amounts payable after more than one year | 17 | €13,290 | €5,838 | -€7,452 | -56.1% |
| Financial debts | 170/4 | €13,290 | €5,838 | -€7,452 | -56.1% |
| Amounts payable within one year | 42/48 | €64,803 | €19,142 | -€45,661 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | €7,091 | €7,452 | +€361 | +5.1% |
| Trade debts | 44 | €5,784 | €6,044 | +€260 | +4.5% |
| Suppliers | 440/4 | €5,784 | €6,044 | +€260 | +4.5% |
| Taxes, remuneration and social security | 45 | €15,193 | €3,894 | -€11,299 | -74.4% |
| Taxes | 450/3 | €10,320 | €1,348 | -€8,972 | -86.9% |
| Remuneration and social security | 454/9 | €4,874 | €2,546 | -€2,327 | -47.8% |
| Other amounts payable | 47/48 | €36,734 | €1,751 | -€34,983 | -95.2% |
| Non-recurring operating income | 76A | €1,486 | €6,018 | +€4,532 | +305% |
| Remuneration, social security and pensions | 62 | €116,324 | €120,443 | +€4,118 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,774 | €22,851 | -€3,923 | -14.7% |
| Other operating charges | 640/8 | €3,092 | €3,201 | +€109 | +3.5% |
| Non-recurring operating charges | 66A | €695 | - | -€695 | |
| Gross operating margin | 9900 | €176,317 | €153,672 | -€22,645 | -12.8% |
| Operating profit (loss) | 9901 | €29,432 | €7,177 | -€22,255 | -75.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €1,329 | €1,044 | -€285 | -21.4% |
| Recurring financial charges | 65 | €1,329 | €1,044 | -€285 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €28,103 | €6,133 | -€21,970 | -78.2% |
| Income taxes | 67/77 | €8,205 | €2,143 | -€6,063 | -73.9% |
| Profit (loss) for the period | 9904 | €19,898 | €3,990 | -€15,908 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,898 | €3,990 | -€15,908 | -79.9% |
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 20 October 2026 via checked.be.