TRAPPERS & CO: 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.
TRAPPERS & CO
Largest movements
- Cash +€34,757
up €34,757 (+27.9%), from €124,668 to €159,426
mainly Net result for the year (+€90,000) and Receivables within one year (+€32,129)
- Receivables within one year -€32,129
down €32,129 (-27.2%), from €118,226 to €86,097
of which Other amounts receivable: -€59,075
- Tangible fixed assets +€12,149
up €12,149 (+7.7%), from €157,071 to €169,220
of which Furniture and vehicles: +€26,964
- Tax, wage and social debts +€31,720
up €31,720 (+74.0%), from €42,886 to €74,606
of which Taxes: +€31,930
- Debts after one year -€22,945
down €22,945 (-34.8%), from €65,913 to €42,968
- Reserves -€16,881
down €16,881 (-7.0%), from €241,583 to €224,701
- Trade debts +€14,171
up €14,171 (+55.3%), from €25,630 to €39,801
- Other debts +€10,121
new in 2025: €10,121
- Gross operating margin +€44,638
up €44,638 (+26.2%), from €170,299 to €214,937
- Taxes +€12,324
up €12,324 (+36.7%), from €33,592 to €45,917
- Financial income -€5,281
down €5,281 (-95.2%), from €5,550 to €269
- Staff costs +€4,911
up €4,911 (+11.3%), from €43,337 to €48,248
- Financial charges -€3,342
down €3,342 (-40.4%), from €8,272 to €4,931
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 | €404,777 | €421,343 | +€16,566 | +4.1% |
| Fixed assets | 21/28 | €157,071 | €169,220 | +€12,149 | +7.7% |
| Tangible fixed assets | 22/27 | €157,071 | €169,220 | +€12,149 | +7.7% |
| Land and buildings | 22 | €134,731 | €117,916 | -€16,814 | -12.5% |
| Plant, machinery and equipment | 23 | €7,347 | €9,346 | +€1,999 | +27.2% |
| Furniture and vehicles | 24 | €14,993 | €41,957 | +€26,964 | +180% |
| Current assets | 29/58 | €247,706 | €252,122 | +€4,416 | +1.8% |
| Amounts receivable within one year | 40/41 | €118,226 | €86,097 | -€32,129 | -27.2% |
| Trade receivables | 40 | €59,151 | €86,097 | +€26,946 | +45.6% |
| Other amounts receivable | 41 | €59,075 | - | -€59,075 | |
| Cash at bank and in hand | 54/58 | €124,668 | €159,426 | +€34,757 | +27.9% |
| Deferred charges and accrued income | 490/1 | €4,811 | €6,599 | +€1,788 | +37.2% |
| Total equity and liabilities | 10/49 | €404,777 | €421,343 | +€16,566 | +4.1% |
| Equity | 10/15 | €248,502 | €230,901 | -€17,601 | -7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €241,583 | €224,701 | -€16,881 | -7.0% |
| Distributable reserves | 133 | €241,583 | €224,701 | -€16,881 | -7.0% |
| Profit (loss) carried forward | 14 | €719 | - | -€719 | |
| Amounts payable | 17/49 | €156,275 | €190,441 | +€34,166 | +21.9% |
| Amounts payable after more than one year | 17 | €65,913 | €42,968 | -€22,945 | -34.8% |
| Financial debts | 170/4 | €65,913 | €42,968 | -€22,945 | -34.8% |
| Amounts payable within one year | 42/48 | €90,362 | €147,474 | +€57,111 | +63.2% |
| Current portion of amounts payable after more than one year | 42 | €21,846 | €22,945 | +€1,099 | +5.0% |
| Trade debts | 44 | €25,630 | €39,801 | +€14,171 | +55.3% |
| Suppliers | 440/4 | €25,630 | €39,801 | +€14,171 | +55.3% |
| Taxes, remuneration and social security | 45 | €42,886 | €74,606 | +€31,720 | +74.0% |
| Taxes | 450/3 | €37,522 | €69,453 | +€31,930 | +85.1% |
| Remuneration and social security | 454/9 | €5,364 | €5,153 | -€211 | -3.9% |
| Other amounts payable | 47/48 | - | €10,121 | +€10,121 | |
| Remuneration, social security and pensions | 62 | €43,337 | €48,248 | +€4,911 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,075 | €21,841 | +€1,766 | +8.8% |
| Other operating charges | 640/8 | €2,936 | €3,302 | +€366 | +12.5% |
| Non-recurring operating charges | 66A | - | €968 | +€968 | |
| Gross operating margin | 9900 | €170,299 | €214,937 | +€44,638 | +26.2% |
| Operating profit (loss) | 9901 | €103,951 | €140,579 | +€36,628 | +35.2% |
| Financial income | 75/76B | €5,550 | €269 | -€5,281 | -95.2% |
| Recurring financial income | 75 | €5,550 | €269 | -€5,281 | -95.2% |
| Financial charges | 65/66B | €8,272 | €4,931 | -€3,342 | -40.4% |
| Recurring financial charges | 65 | €8,272 | €4,931 | -€3,342 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €101,228 | €135,917 | +€34,689 | +34.3% |
| Income taxes | 67/77 | €33,592 | €45,917 | +€12,324 | +36.7% |
| Profit (loss) for the period | 9904 | €67,636 | €90,000 | +€22,365 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,636 | €90,000 | +€22,365 | +33.1% |
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.