TRAPPEN RENIER: 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 RENIER
Largest movements
- Cash -€82,073
down €82,073 (-80.0%), from €102,573 to €20,500
mainly Debts after one year (-€122,429) and Receivables within one year (-€62,386)
- Receivables within one year +€62,386
up €62,386 (+214%), from €29,163 to €91,549
of which Other amounts receivable: +€63,772
- Tangible fixed assets -€29,678
down €29,678 (-4.2%), from €709,469 to €679,791
of which Land and buildings: -€27,373
- Debts after one year -€122,429
down €122,429 (-19.8%), from €618,950 to €496,521
- Current portion of long-term debt +€49,265
up €49,265 (+67.3%), from €73,164 to €122,429
- Reserves +€28,587
up €28,587 (+24.2%), from €117,913 to €146,500
- Trade debts -€12,451
down €12,451 (-51.5%), from €24,192 to €11,741
- Gross operating margin +€14,899
up €14,899 (+12.1%), from €122,982 to €137,882
- Taxes +€3,563
up €3,563 (+72.6%), from €4,907 to €8,470
- Financial charges -€3,000
down €3,000 (-17.5%), from €17,163 to €14,163
- Financial income +€1,700
up €1,700 (+138%), from €1,235 to €2,935
- Depreciation +€1,632
up €1,632 (+2.0%), from €80,546 to €82,178
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 | €861,940 | €812,175 | -€49,765 | -5.8% |
| Fixed assets | 21/28 | €709,469 | €679,791 | -€29,678 | -4.2% |
| Tangible fixed assets | 22/27 | €709,469 | €679,791 | -€29,678 | -4.2% |
| Land and buildings | 22 | €424,698 | €397,324 | -€27,373 | -6.4% |
| Plant, machinery and equipment | 23 | €28,790 | €14,154 | -€14,636 | -50.8% |
| Furniture and vehicles | 24 | €7,404 | €51,441 | +€44,038 | +595% |
| Leasing and similar rights | 25 | €13,176 | €6,588 | -€6,588 | -50.0% |
| Other tangible fixed assets | 26 | €235,402 | €210,283 | -€25,119 | -10.7% |
| Current assets | 29/58 | €152,471 | €132,384 | -€20,087 | -13.2% |
| Amounts receivable after more than one year | 29 | €6,492 | €6,492 | = | 0.0% |
| Other amounts receivable | 291 | €6,492 | €6,492 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,512 | €8,870 | -€1,642 | -15.6% |
| Stocks | 30/36 | €10,512 | €8,870 | -€1,642 | -15.6% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €29,163 | €91,549 | +€62,386 | +214% |
| Trade receivables | 40 | €9,814 | €8,429 | -€1,386 | -14.1% |
| Other amounts receivable | 41 | €19,349 | €83,120 | +€63,772 | +330% |
| Cash at bank and in hand | 54/58 | €102,573 | €20,500 | -€82,073 | -80.0% |
| Deferred charges and accrued income | 490/1 | €3,731 | €4,972 | +€1,241 | +33.3% |
| Total equity and liabilities | 10/49 | €861,940 | €812,175 | -€49,765 | -5.8% |
| Equity | 10/15 | €124,677 | €153,369 | +€28,692 | +23.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,913 | €146,500 | +€28,587 | +24.2% |
| Distributable reserves | 133 | €117,913 | €146,500 | +€28,587 | +24.2% |
| Profit (loss) carried forward | 14 | €564 | €669 | +€105 | +18.7% |
| Amounts payable | 17/49 | €737,263 | €658,806 | -€78,457 | -10.6% |
| Amounts payable after more than one year | 17 | €618,950 | €496,521 | -€122,429 | -19.8% |
| Financial debts | 170/4 | €618,950 | €496,521 | -€122,429 | -19.8% |
| Amounts payable within one year | 42/48 | €113,280 | €157,251 | +€43,972 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €73,164 | €122,429 | +€49,265 | +67.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €24,192 | €11,741 | -€12,451 | -51.5% |
| Suppliers | 440/4 | €24,192 | €11,741 | -€12,451 | -51.5% |
| Taxes, remuneration and social security | 45 | €11,374 | €17,657 | +€6,283 | +55.2% |
| Taxes | 450/3 | €6,849 | €15,107 | +€8,258 | +121% |
| Remuneration and social security | 454/9 | €4,525 | €2,550 | -€1,975 | -43.6% |
| Other amounts payable | 47/48 | €4,550 | €5,425 | +€875 | +19.2% |
| Accrued charges and deferred income | 492/3 | €5,033 | €5,033 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,546 | €82,178 | +€1,632 | +2.0% |
| Other operating charges | 640/8 | €5,920 | €7,314 | +€1,394 | +23.5% |
| Gross operating margin | 9900 | €122,982 | €137,882 | +€14,899 | +12.1% |
| Operating profit (loss) | 9901 | €36,517 | €48,390 | +€11,873 | +32.5% |
| Financial income | 75/76B | €1,235 | €2,935 | +€1,700 | +138% |
| Recurring financial income | 75 | €1,235 | €2,935 | +€1,700 | +138% |
| Financial charges | 65/66B | €17,163 | €14,163 | -€3,000 | -17.5% |
| Recurring financial charges | 65 | €17,163 | €14,163 | -€3,000 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €20,589 | €37,162 | +€16,573 | +80.5% |
| Income taxes | 67/77 | €4,907 | €8,470 | +€3,563 | +72.6% |
| Profit (loss) for the period | 9904 | €15,682 | €28,692 | +€13,011 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,682 | €28,692 | +€13,011 | +83.0% |
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 28 October 2026 via checked.be.