TRAPPER: what changed
Two fiscal 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.
TRAPPER
Largest movements
- Cash +€13,495
up €13,495 (+48.8%), from €27,642 to €41,137
mainly Net result for the year (+€12,959) and Depreciation (+€4,807)
- Tangible fixed assets -€4,807
down €4,807 (-17.9%), from €26,876 to €22,069
- Receivables within one year -€4,141
down €4,141 (-99.0%), from €4,184 to €44
of which Trade receivables: -€4,006
- Reserves +€12,100
up €12,100 (+11.8%), from €102,579 to €114,679
of which Distributable reserves: +€12,100
- Trade debts -€6,666
down €6,666 (-31.3%), from €21,291 to €14,625
- Gross operating margin -€7,272
down €7,272 (-22.0%), from €32,984 to €25,712
- Depreciation -€3,499
down €3,499 (-42.1%), from €8,306 to €4,807
- Write-downs -€807
down €807, from €528 to -€279
- Taxes -€733
down €733 (-9.3%), from €7,878 to €7,145
- Financial income +€491
up €491 (+18.3%), from €2,682 to €3,173
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.
Cash bridge derived
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 | €317,763 | €319,950 | +€2,188 | +0.7% |
| Fixed assets | 21/28 | €26,876 | €22,069 | -€4,807 | -17.9% |
| Tangible fixed assets | 22/27 | €26,876 | €22,069 | -€4,807 | -17.9% |
| Other tangible fixed assets | 26 | €26,876 | €22,069 | -€4,807 | -17.9% |
| Current assets | 29/58 | €290,887 | €297,882 | +€6,995 | +2.4% |
| Stocks and contracts in progress | 3 | €259,061 | €256,701 | -€2,360 | -0.9% |
| Stocks | 30/36 | €259,061 | €256,701 | -€2,360 | -0.9% |
| Amounts receivable within one year | 40/41 | €4,184 | €44 | -€4,141 | -99.0% |
| Trade receivables | 40 | €4,049 | €44 | -€4,006 | -98.9% |
| Other amounts receivable | 41 | €135 | €0 | -€135 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,642 | €41,137 | +€13,495 | +48.8% |
| Total equity and liabilities | 10/49 | €317,763 | €319,950 | +€2,188 | +0.7% |
| Equity | 10/15 | €121,171 | €133,271 | +€12,100 | +10.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €102,579 | €114,679 | +€12,100 | +11.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €100,720 | €112,820 | +€12,100 | +12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €196,592 | €186,679 | -€9,912 | -5.0% |
| Amounts payable after more than one year | 17 | €59,000 | €59,000 | = | 0.0% |
| Financial debts | 170/4 | €59,000 | €59,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €136,672 | €127,679 | -€8,993 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €153 | €0 | -€153 | -100.0% |
| Trade debts | 44 | €21,291 | €14,625 | -€6,666 | -31.3% |
| Suppliers | 440/4 | €21,291 | €14,625 | -€6,666 | -31.3% |
| Taxes, remuneration and social security | 45 | €12,145 | €12,474 | +€329 | +2.7% |
| Taxes | 450/3 | €12,145 | €12,474 | +€329 | +2.7% |
| Other amounts payable | 47/48 | €103,083 | €100,580 | -€2,504 | -2.4% |
| Accrued charges and deferred income | 492/3 | €919 | €0 | -€919 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,306 | €4,807 | -€3,499 | -42.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €528 | -€279 | -€807 | |
| Other operating charges | 640/8 | €948 | €763 | -€185 | -19.5% |
| Gross operating margin | 9900 | €32,984 | €25,712 | -€7,272 | -22.0% |
| Operating profit (loss) | 9901 | €23,202 | €20,421 | -€2,781 | -12.0% |
| Financial income | 75/76B | €2,682 | €3,173 | +€491 | +18.3% |
| Recurring financial income | 75 | €2,682 | €3,173 | +€491 | +18.3% |
| Financial charges | 65/66B | €3,595 | €3,490 | -€105 | -2.9% |
| Recurring financial charges | 65 | €3,595 | €3,490 | -€105 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €22,289 | €20,104 | -€2,184 | -9.8% |
| Income taxes | 67/77 | €7,878 | €7,145 | -€733 | -9.3% |
| Profit (loss) for the period | 9904 | €14,410 | €12,959 | -€1,451 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,410 | €12,959 | -€1,451 | -10.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.