Trappen Van Hoo: 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 Van Hoo
Largest movements
- Cash +€31,719
up €31,719 (+41.1%), from €77,130 to €108,849
mainly Depreciation (+€46,382) and Stocks and contracts (+€21,871)
- Stocks and contracts -€21,871
down €21,871 (-8.0%), from €272,931 to €251,060
of which Contracts in progress: -€35,257
- Receivables within one year +€16,826
up €16,826 (+22.9%), from €73,403 to €90,228
of which Trade receivables: +€29,184
- Tangible fixed assets -€14,872
down €14,872 (-13.7%), from €108,796 to €93,923
of which Plant, machinery and equipment: -€16,728
- Profit (loss) carried forward +€19,139
up €19,139 (+17.0%), from -€112,461 to -€93,321
- Debts after one year -€6,256
down €6,256 (-4.7%), from €133,872 to €127,616
of which Financial debts: -€6,256
- Staff costs -€26,314
down €26,314 (-7.7%), from €341,777 to €315,463
- Gross operating margin -€15,096
down €15,096 (-3.8%), from €401,237 to €386,141
- Depreciation +€7,155
up €7,155 (+18.2%), from €39,227 to €46,382
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 | €543,045 | €557,008 | +€13,962 | +2.6% |
| Fixed assets | 21/28 | €108,796 | €93,923 | -€14,872 | -13.7% |
| Tangible fixed assets | 22/27 | €108,796 | €93,923 | -€14,872 | -13.7% |
| Land and buildings | 22 | €6,115 | €5,702 | -€414 | -6.8% |
| Plant, machinery and equipment | 23 | €48,072 | €31,344 | -€16,728 | -34.8% |
| Furniture and vehicles | 24 | €54,608 | €56,878 | +€2,269 | +4.2% |
| Current assets | 29/58 | €434,249 | €463,084 | +€28,835 | +6.6% |
| Stocks and contracts in progress | 3 | €272,931 | €251,060 | -€21,871 | -8.0% |
| Stocks | 30/36 | €224,038 | €237,424 | +€13,386 | +6.0% |
| Contracts in progress | 37 | €48,893 | €13,636 | -€35,257 | -72.1% |
| Amounts receivable within one year | 40/41 | €73,403 | €90,228 | +€16,826 | +22.9% |
| Trade receivables | 40 | €55,939 | €85,123 | +€29,184 | +52.2% |
| Other amounts receivable | 41 | €17,464 | €5,105 | -€12,359 | -70.8% |
| Cash at bank and in hand | 54/58 | €77,130 | €108,849 | +€31,719 | +41.1% |
| Deferred charges and accrued income | 490/1 | €10,786 | €12,947 | +€2,162 | +20.0% |
| Total equity and liabilities | 10/49 | €543,045 | €557,008 | +€13,962 | +2.6% |
| Equity | 10/15 | €344,832 | €363,972 | +€19,139 | +5.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €432,293 | €432,293 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,183 | €6,183 | = | 0.0% |
| Distributable reserves | 133 | €423,609 | €423,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,461 | -€93,321 | +€19,139 | +17.0% |
| Amounts payable | 17/49 | €198,213 | €193,036 | -€5,177 | -2.6% |
| Amounts payable after more than one year | 17 | €133,872 | €127,616 | -€6,256 | -4.7% |
| Financial debts | 170/4 | €8,921 | €2,665 | -€6,256 | -70.1% |
| Other amounts payable | 178/9 | €124,951 | €124,951 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,341 | €65,420 | +€1,079 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €6,065 | €6,256 | +€191 | +3.2% |
| Trade debts | 44 | €16,325 | €15,033 | -€1,292 | -7.9% |
| Suppliers | 440/4 | €16,325 | €15,033 | -€1,292 | -7.9% |
| Taxes, remuneration and social security | 45 | €19,659 | €21,243 | +€1,583 | +8.1% |
| Taxes | 450/3 | €2,393 | €2,177 | -€216 | -9.0% |
| Remuneration and social security | 454/9 | €17,267 | €19,066 | +€1,799 | +10.4% |
| Other amounts payable | 47/48 | €22,291 | €22,888 | +€597 | +2.7% |
| Non-recurring operating income | 76A | €9,048 | €20,378 | +€11,330 | +125% |
| Remuneration, social security and pensions | 62 | €341,777 | €315,463 | -€26,314 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,227 | €46,382 | +€7,155 | +18.2% |
| Other operating charges | 640/8 | €1,467 | €1,209 | -€258 | -17.6% |
| Gross operating margin | 9900 | €401,237 | €386,141 | -€15,096 | -3.8% |
| Operating profit (loss) | 9901 | €18,766 | €23,088 | +€4,321 | +23.0% |
| Financial income | 75/76B | €2,212 | €407 | -€1,805 | -81.6% |
| Recurring financial income | 75 | €2,212 | €407 | -€1,805 | -81.6% |
| Financial charges | 65/66B | €7,911 | €4,173 | -€3,738 | -47.2% |
| Recurring financial charges | 65 | €7,911 | €4,173 | -€3,738 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €13,067 | €19,321 | +€6,254 | +47.9% |
| Income taxes | 67/77 | €157 | €182 | +€25 | +15.7% |
| Profit (loss) for the period | 9904 | €12,910 | €19,139 | +€6,229 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,910 | €19,139 | +€6,229 | +48.2% |
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 27 October 2026 via checked.be.