ART2 TRAVEL: what changed
ART2 TRAVEL
Largest movements
- Cash +€5,270
up €5,270 (+105%), from €5,015 to €10,285
mainly Trade debts (+€5,220) and Net result for the year (+€3,783)
- Current portion of long-term debt -€7,539
no longer reported in 2025 (was €7,539)
- Trade debts +€5,220
new in 2025: €5,220
- Profit (loss) carried forward +€3,783
up €3,783, from -€702 to €3,081
- Tax, wage and social debts +€3,664
up €3,664 (+201%), from €1,823 to €5,486
of which Remuneration and social security: +€3,000
- Short-term financial debts -€1,599
down €1,599 (-68.6%), from €2,331 to €731
- Other operating charges +€6,671
new in 2025: €6,671
- Gross operating margin +€2,632
up €2,632 (+22.1%), from €11,894 to €14,526
- Financial charges +€1,720
up €1,720 (+225%), from €763 to €2,484
- Taxes +€613
up €613 (+109%), from €561 to €1,175
- Financial income -€433
down €433 (-100.0%), from €434 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,991 | €43,691 | +€4,700 | +12.1% |
| Fixed assets | 21/28 | €17,100 | €16,685 | -€415 | -2.4% |
| Intangible fixed assets | 21 | €297 | €132 | -€165 | -55.5% |
| Tangible fixed assets | 22/27 | €813 | €563 | -€250 | -30.8% |
| Other tangible fixed assets | 26 | €813 | €563 | -€250 | -30.8% |
| Financial fixed assets | 28 | €15,990 | €15,990 | = | 0.0% |
| Current assets | 29/58 | €21,891 | €27,005 | +€5,115 | +23.4% |
| Amounts receivable within one year | 40/41 | €1,526 | €1,371 | -€155 | -10.2% |
| Other amounts receivable | 41 | €1,526 | €1,371 | -€155 | -10.2% |
| Cash at bank and in hand | 54/58 | €5,015 | €10,285 | +€5,270 | +105% |
| Deferred charges and accrued income | 490/1 | €15,350 | €15,350 | = | 0.0% |
| Total equity and liabilities | 10/49 | €38,991 | €43,691 | +€4,700 | +12.1% |
| Equity | 10/15 | €27,298 | €31,081 | +€3,783 | +13.9% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Contributions outside capital | 11 | €28,000 | - | -€28,000 | |
| Other | 1109/19 | €28,000 | - | -€28,000 | |
| Profit (loss) carried forward | 14 | -€702 | €3,081 | +€3,783 | |
| Amounts payable | 17/49 | €11,692 | €12,609 | +€917 | +7.8% |
| Amounts payable within one year | 42/48 | €11,692 | €11,437 | -€255 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €7,539 | - | -€7,539 | |
| Financial debts | 43 | €2,331 | €731 | -€1,599 | -68.6% |
| Credit institutions | 430/8 | €2,331 | €731 | -€1,599 | -68.6% |
| Trade debts | 44 | - | €5,220 | +€5,220 | |
| Suppliers | 440/4 | - | €5,220 | +€5,220 | |
| Taxes, remuneration and social security | 45 | €1,823 | €5,486 | +€3,664 | +201% |
| Taxes | 450/3 | €1,823 | €2,486 | +€664 | +36.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,172 | +€1,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €728 | €415 | -€314 | -43.1% |
| Other operating charges | 640/8 | - | €6,671 | +€6,671 | |
| Gross operating margin | 9900 | €11,894 | €14,526 | +€2,632 | +22.1% |
| Operating profit (loss) | 9901 | €11,166 | €7,441 | -€3,725 | -33.4% |
| Financial income | 75/76B | €434 | €0 | -€433 | -100.0% |
| Recurring financial income | 75 | €434 | €0 | -€433 | -100.0% |
| Financial charges | 65/66B | €763 | €2,484 | +€1,720 | +225% |
| Recurring financial charges | 65 | €763 | €2,484 | +€1,720 | +225% |
| Profit (loss) for the period before taxes | 9903 | €10,836 | €4,958 | -€5,879 | -54.2% |
| Income taxes | 67/77 | €561 | €1,175 | +€613 | +109% |
| Profit (loss) for the period | 9904 | €10,275 | €3,783 | -€6,492 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,275 | €3,783 | -€6,492 | -63.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.