diff --git a/crates/revm/revm-inspectors/src/tracing/builder/parity.rs b/crates/revm/revm-inspectors/src/tracing/builder/parity.rs
index 87a780191efc..75fee402950e 100644
--- a/crates/revm/revm-inspectors/src/tracing/builder/parity.rs
+++ b/crates/revm/revm-inspectors/src/tracing/builder/parity.rs
@@ -8,7 +8,7 @@ use reth_rpc_types::{trace::parity::*, TransactionInfo};
 use revm::{
     db::DatabaseRef,
     interpreter::opcode::{self, spec_opcode_gas},
-    primitives::{AccountInfo, ExecutionResult, ResultAndState, SpecId, KECCAK_EMPTY},
+    primitives::{Account, ExecutionResult, ResultAndState, SpecId, KECCAK_EMPTY},
 };
 use std::collections::{HashSet, VecDeque};
 
@@ -207,11 +207,7 @@ impl ParityTraceBuilder {
 
         // check the state diff case
         if let Some(ref mut state_diff) = trace_res.state_diff {
-            populate_account_balance_nonce_diffs(
-                state_diff,
-                &db,
-                state.into_iter().map(|(addr, acc)| (addr, acc.info)),
-            )?;
+            populate_account_balance_nonce_diffs(state_diff, &db, state.iter())?;
         }
 
         // check the vm trace case
@@ -569,31 +565,49 @@ where
 ///
 /// It's expected that `DB` is a revm [Database](revm::db::Database) which at this point already
 /// contains all the accounts that are in the state map and never has to fetch them from disk.
-pub fn populate_account_balance_nonce_diffs<DB, I>(
+///
+/// This is intended to be called after inspecting a transaction with the returned state.
+pub fn populate_account_balance_nonce_diffs<'a, DB, I>(
     state_diff: &mut StateDiff,
     db: DB,
     account_diffs: I,
 ) -> Result<(), DB::Error>
 where
-    I: IntoIterator<Item = (Address, AccountInfo)>,
+    I: IntoIterator<Item = (&'a Address, &'a Account)>,
     DB: DatabaseRef,
 {
     for (addr, changed_acc) in account_diffs.into_iter() {
+        let addr = *addr;
         let entry = state_diff.entry(addr).or_default();
-        let db_acc = db.basic(addr)?.unwrap_or_default();
-        entry.balance = if db_acc.balance == changed_acc.balance {
-            Delta::Unchanged
-        } else {
-            Delta::Changed(ChangedType { from: db_acc.balance, to: changed_acc.balance })
-        };
-        entry.nonce = if db_acc.nonce == changed_acc.nonce {
-            Delta::Unchanged
+
+        // we check if this account was created during the transaction
+        if changed_acc.is_created() {
+            entry.balance = Delta::Added(changed_acc.info.balance);
+            entry.nonce = Delta::Added(U64::from(changed_acc.info.nonce));
+            if changed_acc.info.code_hash == KECCAK_EMPTY {
+                // this is an additional check to ensure new accounts always get the empty code
+                // marked as added
+                entry.code = Delta::Added(Default::default());
+            }
         } else {
-            Delta::Changed(ChangedType {
-                from: U64::from(db_acc.nonce),
-                to: U64::from(changed_acc.nonce),
-            })
-        };
+            // account already exists, we need to fetch the account from the db
+            let db_acc = db.basic(addr)?.unwrap_or_default();
+            entry.balance = if db_acc.balance == changed_acc.info.balance {
+                Delta::Unchanged
+            } else {
+                Delta::Changed(ChangedType { from: db_acc.balance, to: changed_acc.info.balance })
+            };
+
+            // this is relevant for the caller and contracts
+            entry.nonce = if db_acc.nonce == changed_acc.info.nonce {
+                Delta::Unchanged
+            } else {
+                Delta::Changed(ChangedType {
+                    from: U64::from(db_acc.nonce),
+                    to: U64::from(changed_acc.info.nonce),
+                })
+            };
+        }
     }
 
     Ok(())
diff --git a/crates/rpc/rpc/src/trace.rs b/crates/rpc/rpc/src/trace.rs
index f38fc0e57e76..54814bbd943d 100644
--- a/crates/rpc/rpc/src/trace.rs
+++ b/crates/rpc/rpc/src/trace.rs
@@ -168,11 +168,7 @@ where
                     // If statediffs were requested, populate them with the account balance and
                     // nonce from pre-state
                     if let Some(ref mut state_diff) = trace_res.state_diff {
-                        populate_account_balance_nonce_diffs(
-                            state_diff,
-                            &db,
-                            state.iter().map(|(addr, acc)| (*addr, acc.info.clone())),
-                        )?;
+                        populate_account_balance_nonce_diffs(state_diff, &db, state.iter())?;
                     }
 
                     results.push(trace_res);
@@ -513,11 +509,7 @@ where
                 // If statediffs were requested, populate them with the account balance and nonce
                 // from pre-state
                 if let Some(ref mut state_diff) = full_trace.state_diff {
-                    populate_account_balance_nonce_diffs(
-                        state_diff,
-                        db,
-                        state.iter().map(|(addr, acc)| (*addr, acc.info.clone())),
-                    )?;
+                    populate_account_balance_nonce_diffs(state_diff, db, state.iter())?;
                 }
 
                 let trace = TraceResultsWithTransactionHash {