ARELTOUR: 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.
What changed
ARELTOUR
NACE 79.110, Travel agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€75,927
2024 · €82,254-€6,327
Equity
€152,353
2024 · €176,426-€24,073
Cash
€644,277
2024 · €634,800+€9,476
Balance sheet total
€1.1m
2024 · €976,816+€161,992
Largest movements
Assets
- Receivables within one year +€141,063
up €141,063 (+41.9%), from €336,475 to €477,538
of which Trade receivables: +€119,664
Equity and liabilities
- Trade debts +€128,104
up €128,104 (+296.7%), from €43,172 to €171,276
- Tax, wage and social debts +€33,597
up €33,597 (+128.1%), from €26,221 to €59,818
of which Taxes: +€29,437
- Other debts +€29,997
up €29,997 (+42.9%), from €69,993 to €99,991
- Profit (loss) carried forward -€24,073
down €24,073 (-38.4%), from €62,736 to €38,663
Income statement
- Staff costs +€33,022
up €33,022 (+17.2%), from €192,483 to €225,505
- Financial charges -€29,642
down €29,642 (-44.6%), from €66,497 to €36,855
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.
Result 2024
€82,254
Gross operating margin
+€3,623
Staff costs
-€33,022
Depreciation
-€1,998
Other operating charges
-€805
Other operating items
-€1,700
Financial income
-€936
Financial charges
+€29,642
Taxes
-€1,130
Result 2025
€75,927
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.
From operations
+€122,123
Investment
-€12,647
Financing
-€100,000
Cash 2024
€634,800
From operations (derived)
+€122,123
Net result for the year
+€75,927
Depreciation
+€5,369
Receivables within one year
-€141,063
Deferred charges and accrued income
-€4,176
Trade debts
+€128,104
Tax, wage and social debts
+€33,597
Advances received
-€5,231
Other debts
+€29,997
Accrued charges and deferred income
-€402
Investment (derived)
-€12,647
Investment in fixed assets (net)
-€12,647
Financing
-€100,000
Contributions, distributions and other
-€100,000
Cash 2025
€644,277
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €976,816 | €1,138,809 | +€161,992 | +16.6% |
| Fixed assets | 21/28 | €3,005 | €10,283 | +€7,278 | +242.2% |
| Intangible fixed assets | 21 | €3,000 | €0 | -€3,000 | -100.0% |
| Tangible fixed assets | 22/27 | €5 | €10,283 | +€10,278 | +201921.4% |
| Furniture and vehicles | 24 | - | €3,848 | +€3,848 | |
| Other tangible fixed assets | 26 | €5 | €6,435 | +€6,429 | +126316.1% |
| Current assets | 29/58 | €973,811 | €1,128,526 | +€154,715 | +15.9% |
| Amounts receivable within one year | 40/41 | €336,475 | €477,538 | +€141,063 | +41.9% |
| Trade receivables | 40 | €322,191 | €441,855 | +€119,664 | +37.1% |
| Other amounts receivable | 41 | €14,284 | €35,683 | +€21,399 | +149.8% |
| Cash at bank and in hand | 54/58 | €634,800 | €644,277 | +€9,476 | +1.5% |
| Deferred charges and accrued income | 490/1 | €2,536 | €6,712 | +€4,176 | +164.7% |
| Total equity and liabilities | 10/49 | €976,816 | €1,138,809 | +€161,992 | +16.6% |
| Equity | 10/15 | €176,426 | €152,353 | -€24,073 | -13.6% |
| 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% |
| Reserves | 13 | €13,690 | €13,690 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €3,690 | €3,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,736 | €38,663 | -€24,073 | -38.4% |
| Amounts payable | 17/49 | €800,390 | €986,456 | +€186,065 | +23.2% |
| Amounts payable within one year | 42/48 | €796,989 | €983,456 | +€186,467 | +23.4% |
| Trade debts | 44 | €43,172 | €171,276 | +€128,104 | +296.7% |
| Suppliers | 440/4 | €43,172 | €171,276 | +€128,104 | +296.7% |
| Advances received on contracts in progress | 46 | €657,602 | €652,371 | -€5,231 | -0.8% |
| Taxes, remuneration and social security | 45 | €26,221 | €59,818 | +€33,597 | +128.1% |
| Taxes | 450/3 | €3,233 | €32,670 | +€29,437 | +910.6% |
| Remuneration and social security | 454/9 | €22,989 | €27,148 | +€4,159 | +18.1% |
| Other amounts payable | 47/48 | €69,993 | €99,991 | +€29,997 | +42.9% |
| Accrued charges and deferred income | 492/3 | €3,402 | €3,000 | -€402 | -11.8% |
| Remuneration, social security and pensions | 62 | €192,483 | €225,505 | +€33,022 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,371 | €5,369 | +€1,998 | +59.3% |
| Other operating charges | 640/8 | €5,333 | €6,139 | +€805 | +15.1% |
| Non-recurring operating charges | 66A | - | €1,700 | +€1,700 | |
| Gross operating margin | 9900 | €376,751 | €380,374 | +€3,623 | +1.0% |
| Operating profit (loss) | 9901 | €175,564 | €141,660 | -€33,903 | -19.3% |
| Financial income | 75/76B | €1,555 | €618 | -€936 | -60.2% |
| Recurring financial income | 75 | €1,555 | €618 | -€936 | -60.2% |
| Financial charges | 65/66B | €66,497 | €36,855 | -€29,642 | -44.6% |
| Recurring financial charges | 65 | €66,497 | €36,855 | -€29,642 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €110,621 | €105,423 | -€5,198 | -4.7% |
| Income taxes | 67/77 | €28,367 | €29,496 | +€1,130 | +4.0% |
| Profit (loss) for the period | 9904 | €82,254 | €75,927 | -€6,327 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €82,254 | €75,927 | -€6,327 | -7.7% |
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 1 October 2026 via checked.be.