ADVICE TRAVEL: 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.
ADVICE TRAVEL
Largest movements
- Deferred charges and accrued income +€132,588
up €132,588 (+51.3%), from €258,704 to €391,292
- Receivables within one year +€99,174
up €99,174 (+19.4%), from €510,325 to €609,500
of which Other amounts receivable: +€277,327
- Cash -€55,970
down €55,970 (-14.7%), from €380,794 to €324,825
mainly Deferred charges and accrued income (-€132,588) and Receivables within one year (-€99,174)
- Trade debts +€146,127
up €146,127 (+14.5%), from €1.0m to €1.2m
- Other debts +€27,176
up €27,176 (+50.3%), from €53,993 to €81,169
- Accrued charges and deferred income +€25,499
up €25,499 (+84.2%), from €30,266 to €55,765
- Debts after one year -€24,235
down €24,235 (-27.0%), from €89,781 to €65,546
- Gross operating margin -€31,190
down €31,190 (-12.0%), from €259,621 to €228,431
- Staff costs -€11,117
down €11,117 (-5.9%), from €187,327 to €176,210
- Taxes -€7,628
down €7,628 (-65.3%), from €11,687 to €4,058
- Depreciation +€5,182
up €5,182 (+30.7%), from €16,897 to €22,079
- Financial charges -€4,516
down €4,516 (-21.6%), from €20,898 to €16,382
of which Non-recurring financial charges: -€2,326
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 | €1,478,888 | €1,657,878 | +€178,989 | +12.1% |
| Fixed assets | 21/28 | €194,065 | €197,261 | +€3,196 | +1.6% |
| Intangible fixed assets | 21 | €5,766 | €4,286 | -€1,480 | -25.7% |
| Tangible fixed assets | 22/27 | €188,299 | €192,976 | +€4,676 | +2.5% |
| Land and buildings | 22 | €182,621 | €173,009 | -€9,612 | -5.3% |
| Furniture and vehicles | 24 | €5,679 | €19,966 | +€14,288 | +252% |
| Current assets | 29/58 | €1,284,823 | €1,460,616 | +€175,793 | +13.7% |
| Amounts receivable after more than one year | 29 | €135,000 | €135,000 | = | 0.0% |
| Other amounts receivable | 291 | €135,000 | €135,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €510,325 | €609,500 | +€99,174 | +19.4% |
| Trade receivables | 40 | €285,135 | €106,982 | -€178,152 | -62.5% |
| Other amounts receivable | 41 | €225,190 | €502,517 | +€277,327 | +123% |
| Cash at bank and in hand | 54/58 | €380,794 | €324,825 | -€55,970 | -14.7% |
| Deferred charges and accrued income | 490/1 | €258,704 | €391,292 | +€132,588 | +51.3% |
| Total equity and liabilities | 10/49 | €1,478,888 | €1,657,878 | +€178,989 | +12.1% |
| Equity | 10/15 | €238,324 | €245,131 | +€6,808 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,782 | €205,590 | +€6,808 | +3.4% |
| Distributable reserves | 133 | €198,782 | €205,590 | +€6,808 | +3.4% |
| Profit (loss) carried forward | 14 | €20,942 | €20,942 | +€0 | 0.0% |
| Amounts payable | 17/49 | €1,240,565 | €1,412,746 | +€172,182 | +13.9% |
| Amounts payable after more than one year | 17 | €89,781 | €65,546 | -€24,235 | -27.0% |
| Financial debts | 170/4 | €89,781 | €65,546 | -€24,235 | -27.0% |
| Amounts payable within one year | 42/48 | €1,120,518 | €1,291,436 | +€170,918 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €24,049 | €24,235 | +€186 | +0.8% |
| Trade debts | 44 | €1,009,589 | €1,155,715 | +€146,127 | +14.5% |
| Suppliers | 440/4 | €1,009,589 | €1,155,715 | +€146,127 | +14.5% |
| Taxes, remuneration and social security | 45 | €32,887 | €30,317 | -€2,571 | -7.8% |
| Taxes | 450/3 | €2,358 | - | -€2,358 | |
| Remuneration and social security | 454/9 | €30,530 | €30,317 | -€213 | -0.7% |
| Other amounts payable | 47/48 | €53,993 | €81,169 | +€27,176 | +50.3% |
| Accrued charges and deferred income | 492/3 | €30,266 | €55,765 | +€25,499 | +84.2% |
| Remuneration, social security and pensions | 62 | €187,327 | €176,210 | -€11,117 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,897 | €22,079 | +€5,182 | +30.7% |
| Other operating charges | 640/8 | €5,474 | €5,024 | -€450 | -8.2% |
| Gross operating margin | 9900 | €259,621 | €228,431 | -€31,190 | -12.0% |
| Operating profit (loss) | 9901 | €49,923 | €25,119 | -€24,805 | -49.7% |
| Financial income | 75/76B | €2,641 | €2,129 | -€512 | -19.4% |
| Recurring financial income | 75 | €2,641 | €2,129 | -€512 | -19.4% |
| Financial charges | 65/66B | €20,898 | €16,382 | -€4,516 | -21.6% |
| Recurring financial charges | 65 | €18,484 | €16,294 | -€2,190 | -11.9% |
| Non-recurring financial charges | 66B | €2,414 | €88 | -€2,326 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €31,667 | €10,866 | -€20,801 | -65.7% |
| Income taxes | 67/77 | €11,687 | €4,058 | -€7,628 | -65.3% |
| Profit (loss) for the period | 9904 | €19,980 | €6,808 | -€13,173 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,980 | €6,808 | -€13,173 | -65.9% |
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 27 October 2026 via checked.be.