TRAPPEN R.V.W.: what changed
TRAPPEN R.V.W.
Largest movements
- Current investments +€90,976
up €90,976 (+85.5%), from €106,379 to €197,355
- Cash -€69,227
down €69,227 (-56.8%), from €121,866 to €52,639
mainly Current investments (-€90,976) and Contributions, distributions and other (-€1,666)
- Receivables within one year -€3,110
down €3,110 (-40.2%), from €7,741 to €4,632
of which Trade receivables: -€3,599
- Reserves +€17,454
up €17,454 (+12.7%), from €137,722 to €155,176
- Gross operating margin -€22,954
down €22,954 (-54.7%), from €41,989 to €19,035
- Financial income +€14,251
up €14,251 (+2,267%), from €629 to €14,880
- Taxes -€2,702
down €2,702 (-23.0%), from €11,726 to €9,024
- Financial charges -€644
down €644 (-11.8%), from €5,461 to €4,817
- Depreciation -€623
down €623 (-55.0%), from €1,133 to €510
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,765 | €256,050 | +€18,285 | +7.7% |
| Fixed assets | 21/28 | €510 | - | -€510 | |
| Tangible fixed assets | 22/27 | €510 | - | -€510 | |
| Plant, machinery and equipment | 23 | €510 | - | -€510 | |
| Current assets | 29/58 | €237,255 | €256,050 | +€18,794 | +7.9% |
| Amounts receivable within one year | 40/41 | €7,741 | €4,632 | -€3,110 | -40.2% |
| Trade receivables | 40 | €6,585 | €2,985 | -€3,599 | -54.7% |
| Other amounts receivable | 41 | €1,156 | €1,646 | +€490 | +42.3% |
| Current investments | 50/53 | €106,379 | €197,355 | +€90,976 | +85.5% |
| Cash at bank and in hand | 54/58 | €121,866 | €52,639 | -€69,227 | -56.8% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,424 | +€155 | +12.2% |
| Total equity and liabilities | 10/49 | €237,765 | €256,050 | +€18,285 | +7.7% |
| Equity | 10/15 | €169,807 | €187,261 | +€17,454 | +10.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,722 | €155,176 | +€17,454 | +12.7% |
| Distributable reserves | 133 | €137,722 | €155,176 | +€17,454 | +12.7% |
| Profit (loss) carried forward | 14 | €12,085 | €12,085 | = | 0.0% |
| Amounts payable | 17/49 | €67,958 | €68,789 | +€830 | +1.2% |
| Amounts payable within one year | 42/48 | €61,983 | €62,501 | +€518 | +0.8% |
| Trade debts | 44 | €985 | €300 | -€685 | -69.5% |
| Suppliers | 440/4 | €985 | €300 | -€685 | -69.5% |
| Taxes, remuneration and social security | 45 | €1,394 | €1,245 | -€149 | -10.7% |
| Taxes | 450/3 | €1,394 | €1,245 | -€149 | -10.7% |
| Other amounts payable | 47/48 | €59,604 | €60,956 | +€1,352 | +2.3% |
| Accrued charges and deferred income | 492/3 | €5,976 | €6,288 | +€312 | +5.2% |
| Remuneration, social security and pensions | 62 | €348 | - | -€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,133 | €510 | -€623 | -55.0% |
| Other operating charges | 640/8 | €309 | €445 | +€136 | +43.9% |
| Gross operating margin | 9900 | €41,989 | €19,035 | -€22,954 | -54.7% |
| Operating profit (loss) | 9901 | €40,199 | €18,081 | -€22,118 | -55.0% |
| Financial income | 75/76B | €629 | €14,880 | +€14,251 | +2,267% |
| Recurring financial income | 75 | €629 | €14,880 | +€14,251 | +2,267% |
| Financial charges | 65/66B | €5,461 | €4,817 | -€644 | -11.8% |
| Recurring financial charges | 65 | €5,461 | €4,817 | -€644 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €35,367 | €28,144 | -€7,223 | -20.4% |
| Income taxes | 67/77 | €11,726 | €9,024 | -€2,702 | -23.0% |
| Profit (loss) for the period | 9904 | €23,641 | €19,120 | -€4,521 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,641 | €19,120 | -€4,521 | -19.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.