DEVELOP TRAVEL BELGIUM: 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.
DEVELOP TRAVEL BELGIUM
Largest movements
- Cash +€393,864
up €393,864 (+56.7%), from €694,286 to €1.1m
mainly Accrued charges and deferred income (+€293,852) and Trade debts (+€116,674)
- Receivables within one year +€61,977
up €61,977 (+44.7%), from €138,688 to €200,665
of which Trade receivables: +€53,875
- Accrued charges and deferred income +€293,852
up €293,852 (+3,220%), from €9,125 to €302,977
- Trade debts +€116,674
new in 2025: €116,674
- Profit (loss) carried forward +€54,707
up €54,707 (+10.5%), from €518,675 to €573,382
- Current portion of long-term debt -€30,000
no longer reported in 2025 (was €30,000)
- Advances received +€19,454
up €19,454 (+8.0%), from €242,716 to €262,170
- Gross operating margin +€59,821
up €59,821 (+38.2%), from €156,410 to €216,231
- Taxes +€12,726
up €12,726 (+53.6%), from €23,726 to €36,452
- Staff costs +€2,253
up €2,253 (+2.8%), from €80,239 to €82,492
- Financial income +€2,199
up €2,199 (+46.2%), from €4,757 to €6,957
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 | €873,078 | €1,328,494 | +€455,416 | +52.2% |
| Fixed assets | 21/28 | €40,105 | €39,680 | -€425 | -1.1% |
| Tangible fixed assets | 22/27 | €15,105 | €14,680 | -€425 | -2.8% |
| Furniture and vehicles | 24 | €15,105 | €14,680 | -€425 | -2.8% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €832,974 | €1,288,814 | +€455,841 | +54.7% |
| Amounts receivable within one year | 40/41 | €138,688 | €200,665 | +€61,977 | +44.7% |
| Trade receivables | 40 | €66,969 | €120,845 | +€53,875 | +80.4% |
| Other amounts receivable | 41 | €71,719 | €79,820 | +€8,101 | +11.3% |
| Cash at bank and in hand | 54/58 | €694,286 | €1,088,150 | +€393,864 | +56.7% |
| Total equity and liabilities | 10/49 | €873,078 | €1,328,494 | +€455,416 | +52.2% |
| Equity | 10/15 | €539,135 | €593,842 | +€54,707 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €518,675 | €573,382 | +€54,707 | +10.5% |
| Amounts payable | 17/49 | €333,944 | €734,652 | +€400,708 | +120% |
| Amounts payable within one year | 42/48 | €324,819 | €431,675 | +€106,856 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | - | €116,674 | +€116,674 | |
| Suppliers | 440/4 | - | €116,674 | +€116,674 | |
| Advances received on contracts in progress | 46 | €242,716 | €262,170 | +€19,454 | +8.0% |
| Taxes, remuneration and social security | 45 | €21,455 | €22,124 | +€669 | +3.1% |
| Taxes | 450/3 | €12,857 | €13,309 | +€452 | +3.5% |
| Remuneration and social security | 454/9 | €8,598 | €8,815 | +€218 | +2.5% |
| Other amounts payable | 47/48 | €30,648 | €30,707 | +€59 | +0.2% |
| Accrued charges and deferred income | 492/3 | €9,125 | €302,977 | +€293,852 | +3,220% |
| Remuneration, social security and pensions | 62 | €80,239 | €82,492 | +€2,253 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,453 | €3,467 | +€1,014 | +41.3% |
| Other operating charges | 640/8 | €185 | €526 | +€341 | +185% |
| Gross operating margin | 9900 | €156,410 | €216,231 | +€59,821 | +38.2% |
| Operating profit (loss) | 9901 | €73,533 | €129,746 | +€56,213 | +76.4% |
| Financial income | 75/76B | €4,757 | €6,957 | +€2,199 | +46.2% |
| Recurring financial income | 75 | €4,757 | €6,957 | +€2,199 | +46.2% |
| Financial charges | 65/66B | €2,029 | €2,686 | +€657 | +32.4% |
| Recurring financial charges | 65 | €2,029 | €2,686 | +€657 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €76,262 | €134,016 | +€57,755 | +75.7% |
| Income taxes | 67/77 | €23,726 | €36,452 | +€12,726 | +53.6% |
| Profit (loss) for the period | 9904 | €52,536 | €97,565 | +€45,029 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,536 | €97,565 | +€45,029 | +85.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.