FLY TRAVEL: 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.
What changed
FLY TRAVEL
NACE 79.110, Travel agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€556
2024 · €2,290-€1,734
Equity
€185,383
2024 · €184,826+€556
Cash
€17,996
2024 · €20,708-€2,712
Balance sheet total
€481,791
2024 · €490,414-€8,623
Largest movements
Assets
- Deferred charges and accrued income -€6,975
down €6,975 (-1.9%), from €375,871 to €368,895
- Receivables within one year +€5,230
up €5,230 (+74.9%), from €6,984 to €12,213
of which Trade receivables: +€8,336
Equity and liabilities
- Current portion of long-term debt -€7,619
down €7,619 (-56.9%), from €13,386 to €5,767
- Debts after one year -€5,767
no longer reported in 2025 (was €5,767)
Income statement
- Gross operating margin +€6,558
up €6,558 (+12.6%), from €52,140 to €58,698
- Staff costs +€4,451
up €4,451 (+12.1%), from €36,772 to €41,223
- Other operating charges +€3,443
up €3,443 (+220%), from €1,566 to €5,009
- Depreciation -€761
down €761 (-12.6%), from €6,048 to €5,286
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
€2,290
Gross operating margin
+€6,558
Staff costs
-€4,451
Depreciation
+€761
Other operating charges
-€3,443
Financial income
-€41
Financial charges
-€560
Taxes
-€559
Result 2025
€556
raises the resultlowers the result
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.
From operations
+€13,795
Investment
-€1,121
Financing
-€15,386
Cash 2024
€20,708
From operations (derived)
+€13,795
Net result for the year
+€556
Depreciation
+€5,286
Receivables within one year
-€5,230
Deferred charges and accrued income
+€6,975
Trade debts
+€2,667
Tax, wage and social debts
+€3,540
Investment (derived)
-€1,121
Investment in fixed assets (net)
-€1,121
Financing
-€15,386
Debts after one year
-€5,767
Current portion of long-term debt
-€7,619
Short-term financial debts
-€2,000
Cash 2025
€17,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,414 | €481,791 | -€8,623 | -1.8% |
| Fixed assets | 21/28 | €85,613 | €81,447 | -€4,165 | -4.9% |
| Tangible fixed assets | 22/27 | €85,593 | €81,427 | -€4,165 | -4.9% |
| Land and buildings | 22 | €84,375 | €80,000 | -€4,375 | -5.2% |
| Furniture and vehicles | 24 | €1,218 | €1,427 | +€210 | +17.2% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €404,801 | €400,344 | -€4,457 | -1.1% |
| Amounts receivable within one year | 40/41 | €6,984 | €12,213 | +€5,230 | +74.9% |
| Trade receivables | 40 | €3,429 | €11,765 | +€8,336 | +243% |
| Other amounts receivable | 41 | €3,555 | €449 | -€3,106 | -87.4% |
| Current investments | 50/53 | €1,239 | €1,239 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,708 | €17,996 | -€2,712 | -13.1% |
| Deferred charges and accrued income | 490/1 | €375,871 | €368,895 | -€6,975 | -1.9% |
| Total equity and liabilities | 10/49 | €490,414 | €481,791 | -€8,623 | -1.8% |
| Equity | 10/15 | €184,826 | €185,383 | +€556 | +0.3% |
| Contributions | 10/11 | €20,030 | €20,030 | = | 0.0% |
| Reserves | 13 | €8,094 | €8,094 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,003 | - | -€2,003 | |
| Reserves not available under the articles | 1311 | €2,003 | - | -€2,003 | |
| Tax-exempt reserves | 132 | €6,091 | €6,091 | = | 0.0% |
| Distributable reserves | 133 | - | €2,003 | +€2,003 | |
| Profit (loss) carried forward | 14 | €156,703 | €157,259 | +€556 | +0.4% |
| Amounts payable | 17/49 | €305,588 | €296,408 | -€9,179 | -3.0% |
| Amounts payable after more than one year | 17 | €5,767 | - | -€5,767 | |
| Financial debts | 170/4 | €5,767 | - | -€5,767 | |
| Amounts payable within one year | 42/48 | €299,820 | €296,408 | -€3,412 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €13,386 | €5,767 | -€7,619 | -56.9% |
| Financial debts | 43 | €20,000 | €18,000 | -€2,000 | -10.0% |
| Other loans | 439 | €20,000 | €18,000 | -€2,000 | -10.0% |
| Trade debts | 44 | €254,449 | €257,116 | +€2,667 | +1.0% |
| Suppliers | 440/4 | €254,449 | €257,116 | +€2,667 | +1.0% |
| Taxes, remuneration and social security | 45 | €11,985 | €15,525 | +€3,540 | +29.5% |
| Taxes | 450/3 | €3,055 | €4,514 | +€1,459 | +47.7% |
| Remuneration and social security | 454/9 | €8,930 | €11,011 | +€2,081 | +23.3% |
| Remuneration, social security and pensions | 62 | €36,772 | €41,223 | +€4,451 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,048 | €5,286 | -€761 | -12.6% |
| Other operating charges | 640/8 | €1,566 | €5,009 | +€3,443 | +220% |
| Gross operating margin | 9900 | €52,140 | €58,698 | +€6,558 | +12.6% |
| Operating profit (loss) | 9901 | €7,755 | €7,180 | -€575 | -7.4% |
| Financial income | 75/76B | €41 | €0 | -€41 | -99.9% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -99.9% |
| Financial charges | 65/66B | €2,675 | €3,234 | +€560 | +20.9% |
| Recurring financial charges | 65 | €2,675 | €3,234 | +€560 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €5,121 | €3,946 | -€1,175 | -22.9% |
| Income taxes | 67/77 | €2,831 | €3,390 | +€559 | +19.7% |
| Profit (loss) for the period | 9904 | €2,290 | €556 | -€1,734 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,290 | €556 | -€1,734 | -75.7% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.