TRAPPIMMO: 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.
TRAPPIMMO
Largest movements
- Tangible fixed assets -€70,606
down €70,606 (-5.9%), from €1.2m to €1.1m
- Receivables within one year -€20,003
down €20,003 (-57.7%), from €34,645 to €14,642
of which Other amounts receivable: -€30,342
- Other debts -€129,451
down €129,451 (-16.2%), from €800,000 to €670,549
- Profit (loss) carried forward +€42,596
up €42,596 (+5.9%), from -€717,555 to -€674,959
- Accrued charges and deferred income -€29,803
down €29,803 (-54.3%), from €54,917 to €25,114
- Trade debts +€27,546
up €27,546 (+3742.8%), from €736 to €28,282
- Financial charges -€29,459
down €29,459 (-53.5%), from €55,097 to €25,637
- Gross operating margin +€16,871
up €16,871 (+9.3%), from €180,475 to €197,345
- Depreciation -€2,497
down €2,497 (-2.3%), from €110,674 to €108,177
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 | €1,243,099 | €1,153,355 | -€89,744 | -7.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,205,126 | €1,134,519 | -€70,606 | -5.9% |
| Tangible fixed assets | 22/27 | €1,205,126 | €1,134,519 | -€70,606 | -5.9% |
| Land and buildings | 22 | €1,205,126 | €1,134,519 | -€70,606 | -5.9% |
| Current assets | 29/58 | €37,973 | €18,835 | -€19,138 | -50.4% |
| Amounts receivable within one year | 40/41 | €34,645 | €14,642 | -€20,003 | -57.7% |
| Trade receivables | 40 | €2,453 | €12,792 | +€10,339 | +421.5% |
| Other amounts receivable | 41 | €32,192 | €1,850 | -€30,342 | -94.3% |
| Cash at bank and in hand | 54/58 | €3,328 | €4,193 | +€865 | +26.0% |
| Total equity and liabilities | 10/49 | €1,243,099 | €1,153,355 | -€89,744 | -7.2% |
| Equity | 10/15 | -€617,555 | -€574,959 | +€42,596 | +6.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€717,555 | -€674,959 | +€42,596 | +5.9% |
| Amounts payable | 17/49 | €1,860,653 | €1,728,313 | -€132,340 | -7.1% |
| Amounts payable after more than one year | 17 | €1,005,000 | €1,004,368 | -€632 | -0.1% |
| Financial debts | 170/4 | €1,005,000 | €1,004,368 | -€632 | -0.1% |
| Amounts payable within one year | 42/48 | €800,736 | €698,831 | -€101,905 | -12.7% |
| Trade debts | 44 | €736 | €28,282 | +€27,546 | +3742.8% |
| Suppliers | 440/4 | €736 | €28,282 | +€27,546 | +3742.8% |
| Other amounts payable | 47/48 | €800,000 | €670,549 | -€129,451 | -16.2% |
| Accrued charges and deferred income | 492/3 | €54,917 | €25,114 | -€29,803 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,674 | €108,177 | -€2,497 | -2.3% |
| Other operating charges | 640/8 | €20,367 | €21,157 | +€790 | +3.9% |
| Gross operating margin | 9900 | €180,475 | €197,345 | +€16,871 | +9.3% |
| Operating profit (loss) | 9901 | €49,433 | €68,010 | +€18,578 | +37.6% |
| Financial income | 75/76B | - | €223 | +€223 | |
| Recurring financial income | 75 | - | €223 | +€223 | |
| Financial charges | 65/66B | €55,097 | €25,637 | -€29,459 | -53.5% |
| Recurring financial charges | 65 | €55,097 | €25,637 | -€29,459 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,664 | €42,596 | +€48,260 | |
| Profit (loss) for the period | 9904 | -€5,664 | €42,596 | +€48,260 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,664 | €42,596 | +€48,260 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.