D. TOURS: 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.
D. TOURS
Largest movements
- Deferred charges and accrued income +€331,927
up €331,927 (+58.5%), from €566,994 to €898,921
- Receivables after one year -€267,387
down €267,387 (-32.9%), from €812,907 to €545,521
- Cash +€209,015
up €209,015 (+28.7%), from €727,983 to €936,998
mainly Trade debts (+€500,127) and Receivables after one year (+€267,387)
- Receivables within one year +€159,134
up €159,134 (+45.1%), from €353,225 to €512,359
of which Other amounts receivable: +€124,048
- Intangible fixed assets -€82,486
down €82,486 (-33.3%), from €247,458 to €164,972
- Trade debts +€500,127
up €500,127 (+34.7%), from €1.4m to €1.9m
- Other debts -€148,015
down €148,015 (-47.9%), from €308,774 to €160,759
- Accrued charges and deferred income +€50,332
up €50,332 (+51.4%), from €98,014 to €148,346
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Gross operating margin +€95,621
up €95,621 (+19.4%), from €492,390 to €588,011
- Staff costs +€23,725
up €23,725 (+9.6%), from €247,031 to €270,757
- Taxes +€17,792
up €17,792 (+40.1%), from €44,409 to €62,201
- Depreciation +€11,698
up €11,698 (+12.1%), from €97,064 to €108,762
- Financial income -€9,403
down €9,403 (-39.6%), from €23,755 to €14,353
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 | €2,781,979 | €3,112,111 | +€330,132 | +11.9% |
| Fixed assets | 21/28 | €320,870 | €218,312 | -€102,557 | -32.0% |
| Intangible fixed assets | 21 | €247,458 | €164,972 | -€82,486 | -33.3% |
| Tangible fixed assets | 22/27 | €69,660 | €49,573 | -€20,087 | -28.8% |
| Furniture and vehicles | 24 | €11,304 | €12,018 | +€713 | +6.3% |
| Leasing and similar rights | 25 | €58,356 | €37,555 | -€20,801 | -35.6% |
| Financial fixed assets | 28 | €3,752 | €3,767 | +€16 | +0.4% |
| Current assets | 29/58 | €2,461,109 | €2,893,798 | +€432,689 | +17.6% |
| Amounts receivable after more than one year | 29 | €812,907 | €545,521 | -€267,387 | -32.9% |
| Other amounts receivable | 291 | €812,907 | €545,521 | -€267,387 | -32.9% |
| Amounts receivable within one year | 40/41 | €353,225 | €512,359 | +€159,134 | +45.1% |
| Trade receivables | 40 | €2,453 | €37,539 | +€35,086 | +1,430% |
| Other amounts receivable | 41 | €350,772 | €474,820 | +€124,048 | +35.4% |
| Cash at bank and in hand | 54/58 | €727,983 | €936,998 | +€209,015 | +28.7% |
| Deferred charges and accrued income | 490/1 | €566,994 | €898,921 | +€331,927 | +58.5% |
| Total equity and liabilities | 10/49 | €2,781,979 | €3,112,111 | +€330,132 | +11.9% |
| Equity | 10/15 | €722,094 | €716,894 | -€5,200 | -0.7% |
| Contributions | 10/11 | €528,000 | €528,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,094 | €188,894 | -€5,200 | -2.7% |
| Amounts payable | 17/49 | €2,059,884 | €2,395,216 | +€335,332 | +16.3% |
| Amounts payable after more than one year | 17 | €38,936 | €19,085 | -€19,851 | -51.0% |
| Financial debts | 170/4 | €38,936 | €19,085 | -€19,851 | -51.0% |
| Amounts payable within one year | 42/48 | €1,922,934 | €2,227,785 | +€304,851 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €18,888 | €19,851 | +€963 | +5.1% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €1,440,674 | €1,940,801 | +€500,127 | +34.7% |
| Suppliers | 440/4 | €1,440,674 | €1,940,801 | +€500,127 | +34.7% |
| Taxes, remuneration and social security | 45 | €104,598 | €106,375 | +€1,777 | +1.7% |
| Taxes | 450/3 | €56,222 | €49,536 | -€6,686 | -11.9% |
| Remuneration and social security | 454/9 | €48,376 | €56,839 | +€8,463 | +17.5% |
| Other amounts payable | 47/48 | €308,774 | €160,759 | -€148,015 | -47.9% |
| Accrued charges and deferred income | 492/3 | €98,014 | €148,346 | +€50,332 | +51.4% |
| Remuneration, social security and pensions | 62 | €247,031 | €270,757 | +€23,725 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,064 | €108,762 | +€11,698 | +12.1% |
| Other operating charges | 640/8 | €3,583 | €10,423 | +€6,840 | +191% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €492,390 | €588,011 | +€95,621 | +19.4% |
| Operating profit (loss) | 9901 | €144,712 | €198,069 | +€53,357 | +36.9% |
| Financial income | 75/76B | €23,755 | €14,353 | -€9,403 | -39.6% |
| Recurring financial income | 75 | €23,755 | €14,353 | -€9,403 | -39.6% |
| Financial charges | 65/66B | €4,511 | €5,421 | +€910 | +20.2% |
| Recurring financial charges | 65 | €4,511 | €5,421 | +€910 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €163,956 | €207,001 | +€43,044 | +26.3% |
| Income taxes | 67/77 | €44,409 | €62,201 | +€17,792 | +40.1% |
| Profit (loss) for the period | 9904 | €119,547 | €144,800 | +€25,253 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,547 | €144,800 | +€25,253 | +21.1% |
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 13 October 2026 via checked.be.