Beyond Borders: 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
Beyond Borders
NACE 79.120, Travel agency, tour operator and other reservation service and related activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.2m+€492,111
Equity
€3.3m
2024 · €1.8m+€1.5m
Cash
€1.2m
2024 · €4.8m-€3.5m
Balance sheet total
€12.6m
2024 · €11.1m+€1.5m
Largest movements
Assets
- Receivables within one year +€5.4m
up €5.4m (+189.6%), from €2.8m to €8.2m
of which Other amounts receivable: +€5.6m
- Cash -€3.5m
down €3.5m (-74.3%), from €4.8m to €1.2m
mainly Receivables within one year (-€5.4m) and Trade debts (-€524,008)
- Deferred charges and accrued income -€503,425
down €503,425 (-15.0%), from €3.4m to €2.9m
Equity and liabilities
- Profit (loss) carried forward +€1.5m
up €1.5m (+136.0%), from €1.1m to €2.6m
- Trade debts -€524,008
down €524,008 (-33.9%), from €1.5m to €1.0m
of which Suppliers: -€524,008
- Other debts +€284,647
up €284,647 (+168.5%), from €168,975 to €453,622
- Tax, wage and social debts +€223,202
up €223,202 (+166.9%), from €133,749 to €356,951
of which Taxes: +€151,817
Income statement
- Turnover +€7.9m
up €7.9m (+51.2%), from €15.5m to €23.4m
- Goods and materials +€6.2m
up €6.2m (+47.6%), from €12.9m to €19.1m
of which Purchases: +€6.2m
- Services and other goods +€548,093
up €548,093 (+80.8%), from €678,567 to €1.2m
- Staff costs +€303,301
up €303,301 (+62.3%), from €486,625 to €789,926
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
€1.2m
Turnover
+€7.9m
Other operating income
+€42,612
Goods and materials
-€6.2m
Services and other goods
-€548,093
Staff costs
-€303,301
Depreciation
-€16,980
Other operating charges
-€2,725
Other operating items
-€65,887
Financial income
-€94,748
Financial charges
-€148,123
Taxes
-€139,839
Result 2025
€1.7m
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
-€3.1m
Investment
-€211,107
Financing
-€254,861
Cash 2024
€4.8m
From operations (derived)
-€3.1m
Net result for the year
+€1.7m
Depreciation
+€30,321
Receivables within one year
-€5.4m
Deferred charges and accrued income
+€503,425
Provisions
+€51,790
Trade debts
-€524,008
Tax, wage and social debts
+€223,202
Advances received
-€12,989
Other debts
+€284,647
Accrued charges and deferred income
+€23,791
Investment (derived)
-€211,107
Investment in fixed assets (net)
-€211,107
Financing
-€254,861
Debts after one year
-€5,036
Current portion of long-term debt
+€175
Contributions, distributions and other
-€250,000
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,053,325 | €12,576,870 | +€1.5m | +13.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €83,791 | €264,577 | +€180,786 | +215.8% |
| Intangible fixed assets | 21 | €0 | €72,064 | +€72,064 | |
| Tangible fixed assets | 22/27 | €83,541 | €116,725 | +€33,184 | +39.7% |
| Land and buildings | 22 | €26,166 | €3,485 | -€22,681 | -86.7% |
| Plant, machinery and equipment | 23 | €9,811 | €8,316 | -€1,495 | -15.2% |
| Furniture and vehicles | 24 | €47,564 | €52,942 | +€5,378 | +11.3% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €51,982 | +€51,982 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €250 | €75,788 | +€75,538 | +30215.2% |
| Other financial fixed assets | 284/8 | €250 | €75,788 | +€75,538 | +30215.2% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €75,788 | +€75,538 | +30215.2% |
| Current assets | 29/58 | €10,969,534 | €12,312,293 | +€1.3m | +12.2% |
| Amounts receivable within one year | 40/41 | €2,841,908 | €8,228,810 | +€5.4m | +189.6% |
| Trade receivables | 40 | €2,559,671 | €2,351,297 | -€208,374 | -8.1% |
| Other amounts receivable | 41 | €282,237 | €5,877,513 | +€5.6m | +1982.5% |
| Current investments | 50/53 | €0 | - | = | |
| Own shares | 50 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,765,377 | €1,224,659 | -€3.5m | -74.3% |
| Deferred charges and accrued income | 490/1 | €3,362,249 | €2,858,824 | -€503,425 | -15.0% |
| Total equity and liabilities | 10/49 | €11,053,325 | €12,576,870 | +€1.5m | +13.8% |
| Equity | 10/15 | €1,800,029 | €3,282,002 | +€1.5m | +82.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €691,567 | €691,567 | = | 0.0% |
| Distributable reserves | 133 | €691,567 | €691,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,089,862 | €2,571,835 | +€1.5m | +136.0% |
| Provisions and deferred taxes | 16 | - | €51,790 | +€51,790 | |
| Provisions for liabilities and charges | 160/5 | - | €51,790 | +€51,790 | |
| Other liabilities and charges | 164/5 | - | €51,790 | +€51,790 | |
| Amounts payable | 17/49 | €9,253,296 | €9,243,078 | -€10,218 | -0.1% |
| Amounts payable after more than one year | 17 | €10,697 | €5,661 | -€5,036 | -47.1% |
| Financial debts | 170/4 | €10,697 | €5,661 | -€5,036 | -47.1% |
| Credit institutions | 173 | €10,697 | €5,661 | -€5,036 | -47.1% |
| Amounts payable within one year | 42/48 | €1,864,215 | €1,835,242 | -€28,973 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €4,861 | €5,036 | +€175 | +3.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,543,641 | €1,019,633 | -€524,008 | -33.9% |
| Suppliers | 440/4 | €1,543,641 | €1,019,633 | -€524,008 | -33.9% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €12,989 | €0 | -€12,989 | -100.0% |
| Taxes, remuneration and social security | 45 | €133,749 | €356,951 | +€223,202 | +166.9% |
| Taxes | 450/3 | €5,552 | €157,369 | +€151,817 | +2734.5% |
| Remuneration and social security | 454/9 | €128,197 | €199,582 | +€71,385 | +55.7% |
| Other amounts payable | 47/48 | €168,975 | €453,622 | +€284,647 | +168.5% |
| Accrued charges and deferred income | 492/3 | €7,378,384 | €7,402,175 | +€23,791 | +0.3% |
| Operating income | 70/76A | €15,503,861 | €23,471,430 | +€8.0m | +51.4% |
| Turnover | 70 | €15,478,259 | €23,403,216 | +€7.9m | +51.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €0 | €0 | = | |
| Own construction capitalised | 72 | €0 | €0 | = | |
| Other operating income | 74 | €25,602 | €68,214 | +€42,612 | +166.4% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Operating charges | 60/66A | €14,119,091 | €21,211,839 | +€7.1m | +50.2% |
| Goods for resale, raw materials and consumables | 60 | €12,937,789 | €19,093,551 | +€6.2m | +47.6% |
| Purchases | 600/8 | €12,937,789 | €19,093,551 | +€6.2m | +47.6% |
| Change in stocks: decrease (increase) | 609 | €0 | - | = | |
| Services and other goods | 61 | €678,567 | €1,226,660 | +€548,093 | +80.8% |
| Remuneration, social security and pensions | 62 | €486,625 | €789,926 | +€303,301 | +62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,341 | €30,321 | +€16,980 | +127.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,329 | €4,054 | +€2,725 | +205.0% |
| Non-recurring operating charges | 66A | €1,440 | €67,327 | +€65,887 | +4575.5% |
| Operating profit (loss) | 9901 | €1,384,770 | €2,259,591 | +€874,821 | +63.2% |
| Financial income | 75/76B | €261,367 | €166,619 | -€94,748 | -36.3% |
| Recurring financial income | 75 | €261,367 | €166,619 | -€94,748 | -36.3% |
| Income from current assets | 751 | €227,950 | €121,588 | -€106,362 | -46.7% |
| Other financial income | 752/9 | €33,417 | €45,031 | +€11,614 | +34.8% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €38,424 | €186,547 | +€148,123 | +385.5% |
| Recurring financial charges | 65 | €38,424 | €186,547 | +€148,123 | +385.5% |
| Debt charges | 650 | €1,301 | €4,769 | +€3,468 | +266.6% |
| Other financial charges | 652/9 | €37,123 | €181,778 | +€144,655 | +389.7% |
| Profit (loss) for the period before taxes | 9903 | €1,607,713 | €2,239,663 | +€631,950 | +39.3% |
| Income taxes | 67/77 | €367,851 | €507,690 | +€139,839 | +38.0% |
| Taxes | 670/3 | €367,851 | €507,690 | +€139,839 | +38.0% |
| Profit (loss) for the period | 9904 | €1,239,862 | €1,731,973 | +€492,111 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,239,862 | €1,731,973 | +€492,111 | +39.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.