VAN DER TRAPPEN: 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.
VAN DER TRAPPEN
Largest movements
- Tangible fixed assets +€12,282
up €12,282 (+24.7%), from €49,716 to €61,998
of which Furniture and vehicles: +€22,330
- Receivables within one year -€3,420
down €3,420 (-2.3%), from €148,650 to €145,229
of which Trade receivables: -€10,704
- Stocks and contracts -€2,466
down €2,466 (-28.1%), from €8,761 to €6,295
of which Contracts in progress: -€1,870
- Trade debts -€50,127
down €50,127 (-67.3%), from €74,501 to €24,373
- Other debts +€49,955
up €49,955 (+87.9%), from €56,847 to €106,801
- Short-term financial debts -€20,728
down €20,728 (-100%), from €20,728 to €0
- Debts after one year +€17,589
up €17,589, from €0 to €17,589
- Current portion of long-term debt +€7,684
up €7,684 (+168%), from €4,568 to €12,251
- Gross operating margin +€16,274
up €16,274 (+37.7%), from €43,198 to €59,472
- Staff costs +€16,153
up €16,153 (+91.6%), from €17,630 to €33,783
- Depreciation +€2,211
up €2,211 (+18.0%), from €12,296 to €14,507
- Financial charges +€859
up €859 (+11.7%), from €7,370 to €8,229
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 | €224,248 | €228,734 | +€4,486 | +2.0% |
| Fixed assets | 21/28 | €49,716 | €61,998 | +€12,282 | +24.7% |
| Tangible fixed assets | 22/27 | €49,716 | €61,998 | +€12,282 | +24.7% |
| Plant, machinery and equipment | 23 | €42,312 | €32,264 | -€10,048 | -23.7% |
| Furniture and vehicles | 24 | €7,404 | €29,734 | +€22,330 | +302% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €174,532 | €166,736 | -€7,796 | -4.5% |
| Stocks and contracts in progress | 3 | €8,761 | €6,295 | -€2,466 | -28.1% |
| Stocks | 30/36 | €3,761 | €3,165 | -€596 | -15.8% |
| Contracts in progress | 37 | €5,000 | €3,130 | -€1,870 | -37.4% |
| Amounts receivable within one year | 40/41 | €148,650 | €145,229 | -€3,420 | -2.3% |
| Trade receivables | 40 | €148,438 | €137,734 | -€10,704 | -7.2% |
| Other amounts receivable | 41 | €212 | €7,495 | +€7,284 | +3,442% |
| Cash at bank and in hand | 54/58 | €4,825 | €2,594 | -€2,231 | -46.2% |
| Deferred charges and accrued income | 490/1 | €12,296 | €12,617 | +€321 | +2.6% |
| Total equity and liabilities | 10/49 | €224,248 | €228,734 | +€4,486 | +2.0% |
| Equity | 10/15 | €61,487 | €62,398 | +€912 | +1.5% |
| Contributions | 10/11 | €7,688 | €7,688 | = | 0.0% |
| Reserves | 13 | €61,105 | €61,105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €61,105 | €61,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,306 | -€6,394 | +€912 | +12.5% |
| Amounts payable | 17/49 | €162,761 | €166,335 | +€3,574 | +2.2% |
| Amounts payable after more than one year | 17 | €0 | €17,589 | +€17,589 | |
| Financial debts | 170/4 | €0 | €17,589 | +€17,589 | |
| Amounts payable within one year | 42/48 | €162,582 | €148,549 | -€14,032 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €4,568 | €12,251 | +€7,684 | +168% |
| Financial debts | 43 | €20,728 | €0 | -€20,728 | -100% |
| Credit institutions | 430/8 | €20,728 | €0 | -€20,728 | -100% |
| Trade debts | 44 | €74,501 | €24,373 | -€50,127 | -67.3% |
| Suppliers | 440/4 | €74,501 | €24,373 | -€50,127 | -67.3% |
| Taxes, remuneration and social security | 45 | €5,939 | €5,124 | -€815 | -13.7% |
| Taxes | 450/3 | €396 | €1,606 | +€1,210 | +305% |
| Remuneration and social security | 454/9 | €5,543 | €3,517 | -€2,025 | -36.5% |
| Other amounts payable | 47/48 | €56,847 | €106,801 | +€49,955 | +87.9% |
| Accrued charges and deferred income | 492/3 | €180 | €197 | +€17 | +9.6% |
| Non-recurring operating income | 76A | €0 | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €17,630 | €33,783 | +€16,153 | +91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,296 | €14,507 | +€2,211 | +18.0% |
| Other operating charges | 640/8 | €2,332 | €2,103 | -€229 | -9.8% |
| Gross operating margin | 9900 | €43,198 | €59,472 | +€16,274 | +37.7% |
| Operating profit (loss) | 9901 | €10,940 | €9,080 | -€1,860 | -17.0% |
| Financial income | 75/76B | €287 | €61 | -€226 | -78.7% |
| Recurring financial income | 75 | €287 | €61 | -€226 | -78.7% |
| Financial charges | 65/66B | €7,370 | €8,229 | +€859 | +11.7% |
| Recurring financial charges | 65 | €7,370 | €8,229 | +€859 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €3,857 | €912 | -€2,945 | -76.4% |
| Profit (loss) for the period | 9904 | €3,857 | €912 | -€2,945 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,857 | €912 | -€2,945 | -76.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.