FRAVEL: 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.
FRAVEL
Largest movements
- Receivables within one year -€17,957
down €17,957 (-52.5%), from €34,178 to €16,221
of which Trade receivables: -€19,004
- Tangible fixed assets -€9,566
down €9,566 (-7.8%), from €122,481 to €112,915
of which Land and buildings: -€6,525
- Stocks and contracts +€6,544
up €6,544 (+19.9%), from €32,831 to €39,375
- Cash +€5,870
up €5,870 (+35.1%), from €16,732 to €22,601
mainly Receivables within one year (+€17,957) and Depreciation (+€9,566)
- Debts after one year -€10,494
down €10,494 (-10.7%), from €98,475 to €87,981
- Other debts +€6,336
up €6,336 (+122%), from €5,213 to €11,549
- Trade debts -€6,238
down €6,238 (-47.1%), from €13,253 to €7,015
- Tax, wage and social debts -€4,411
down €4,411 (-40.4%), from €10,921 to €6,510
of which Taxes: -€4,411
- Gross operating margin -€5,805
down €5,805 (-28.8%), from €20,185 to €14,380
- Taxes -€1,515
down €1,515 (-64.6%), from €2,344 to €829
- Depreciation +€514
up €514 (+5.7%), from €9,052 to €9,566
- Financial charges -€268
down €268 (-11.4%), from €2,354 to €2,086
- Other operating charges -€256
down €256 (-11.7%), from €2,182 to €1,926
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.
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 | €206,437 | €191,961 | -€14,477 | -7.0% |
| Fixed assets | 21/28 | €122,481 | €112,915 | -€9,566 | -7.8% |
| Tangible fixed assets | 22/27 | €122,481 | €112,915 | -€9,566 | -7.8% |
| Land and buildings | 22 | €110,587 | €104,062 | -€6,525 | -5.9% |
| Plant, machinery and equipment | 23 | €11,894 | €8,853 | -€3,041 | -25.6% |
| Current assets | 29/58 | €83,956 | €79,045 | -€4,911 | -5.8% |
| Stocks and contracts in progress | 3 | €32,831 | €39,375 | +€6,544 | +19.9% |
| Stocks | 30/36 | €32,831 | €39,375 | +€6,544 | +19.9% |
| Amounts receivable within one year | 40/41 | €34,178 | €16,221 | -€17,957 | -52.5% |
| Trade receivables | 40 | €33,975 | €14,971 | -€19,004 | -55.9% |
| Other amounts receivable | 41 | €203 | €1,250 | +€1,048 | +517% |
| Cash at bank and in hand | 54/58 | €16,732 | €22,601 | +€5,870 | +35.1% |
| Deferred charges and accrued income | 490/1 | €216 | €848 | +€632 | +293% |
| Total equity and liabilities | 10/49 | €206,437 | €191,961 | -€14,477 | -7.0% |
| Equity | 10/15 | €67,252 | €67,323 | +€71 | +0.1% |
| Contributions | 10/11 | €16,260 | €16,260 | = | 0.0% |
| Reserves | 13 | €50,990 | €50,990 | = | 0.0% |
| Distributable reserves | 133 | €50,990 | €50,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2 | €73 | +€71 | +3,901% |
| Amounts payable | 17/49 | €139,185 | €124,637 | -€14,548 | -10.5% |
| Amounts payable after more than one year | 17 | €98,475 | €87,981 | -€10,494 | -10.7% |
| Financial debts | 170/4 | €98,475 | €87,981 | -€10,494 | -10.7% |
| Amounts payable within one year | 42/48 | €39,697 | €35,643 | -€4,054 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €10,309 | €10,494 | +€185 | +1.8% |
| Financial debts | 43 | - | €75 | +€75 | |
| Credit institutions | 430/8 | - | €75 | +€75 | |
| Trade debts | 44 | €13,253 | €7,015 | -€6,238 | -47.1% |
| Suppliers | 440/4 | €13,253 | €7,015 | -€6,238 | -47.1% |
| Taxes, remuneration and social security | 45 | €10,921 | €6,510 | -€4,411 | -40.4% |
| Taxes | 450/3 | €10,921 | €6,510 | -€4,411 | -40.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,213 | €11,549 | +€6,336 | +122% |
| Accrued charges and deferred income | 492/3 | €1,013 | €1,013 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,052 | €9,566 | +€514 | +5.7% |
| Other operating charges | 640/8 | €2,182 | €1,926 | -€256 | -11.7% |
| Gross operating margin | 9900 | €20,185 | €14,380 | -€5,805 | -28.8% |
| Operating profit (loss) | 9901 | €8,950 | €2,888 | -€6,063 | -67.7% |
| Financial income | 75/76B | €88 | €99 | +€11 | +12.3% |
| Recurring financial income | 75 | €88 | €99 | +€11 | +12.3% |
| Financial charges | 65/66B | €2,354 | €2,086 | -€268 | -11.4% |
| Recurring financial charges | 65 | €2,354 | €2,086 | -€268 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €6,685 | €900 | -€5,784 | -86.5% |
| Income taxes | 67/77 | €2,344 | €829 | -€1,515 | -64.6% |
| Profit (loss) for the period | 9904 | €4,341 | €71 | -€4,269 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,341 | €71 | -€4,269 | -98.4% |
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 29 October 2026 via checked.be.