KEY 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
KEY TRAVEL
NACE 79.110, Travel agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€505,553
2024 · -€226,637-€278,915
Equity
€638,248
2024 · €1.1m-€505,553
Cash
€121,805
2024 · €121,855-€49
Balance sheet total
€1.8m
2024 · €1.9m-€84,818
Largest movements
Assets
- Receivables within one year -€79,154
down €79,154 (-4.8%), from €1.6m to €1.6m
of which Trade receivables: -€264,634
Equity and liabilities
- Profit (loss) carried forward -€505,553
down €505,553 (-90.9%), from -€556,199 to -€1.1m
- Other debts +€382,000
up €382,000 (+1,569%), from €24,341 to €406,341
- Trade debts +€25,287
up €25,287 (+4.7%), from €536,166 to €561,453
Income statement
- Turnover -€299,981
down €299,981 (-34.2%), from €876,907 to €576,926
- Services and other goods -€91,383
down €91,383 (-10.8%), from €842,319 to €750,936
- Staff costs +€58,905
up €58,905 (+21.9%), from €268,823 to €327,728
- Financial income -€11,097
down €11,097 (-98.4%), from €11,275 to €178
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
-€226,637
Turnover
-€299,981
Other operating income
+€136
Services and other goods
+€91,383
Staff costs
-€58,905
Write-downs
+€1,224
Financial income
-€11,097
Financial charges
-€1,666
Taxes
-€9
Result 2025
-€505,553
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
-€8,396
Investment
+€8,347
Financing
€0
Cash 2024
€121,855
From operations (derived)
-€8,396
Net result for the year
-€505,553
Receivables within one year
+€79,154
Deferred charges and accrued income
-€2,732
Trade debts
+€25,287
Tax, wage and social debts
+€11,870
Other debts
+€382,000
Accrued charges and deferred income
+€1,577
Investment (derived)
+€8,347
Investment in fixed assets (net)
+€8,347
Cash 2025
€121,805
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,851,960 | €1,767,142 | -€84,818 | -4.6% |
| Fixed assets | 21/28 | €91,569 | €83,222 | -€8,347 | -9.1% |
| Financial fixed assets | 28 | €91,569 | €83,222 | -€8,347 | -9.1% |
| Other financial fixed assets | 284/8 | €91,569 | €83,222 | -€8,347 | -9.1% |
| Amounts receivable and cash guarantees | 285/8 | €91,569 | €83,222 | -€8,347 | -9.1% |
| Current assets | 29/58 | €1,760,391 | €1,683,919 | -€76,471 | -4.3% |
| Amounts receivable within one year | 40/41 | €1,634,763 | €1,555,609 | -€79,154 | -4.8% |
| Trade receivables | 40 | €1,040,348 | €775,715 | -€264,634 | -25.4% |
| Other amounts receivable | 41 | €594,415 | €779,895 | +€185,480 | +31.2% |
| Cash at bank and in hand | 54/58 | €121,855 | €121,805 | -€49 | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,773 | €6,505 | +€2,732 | +72.4% |
| Total equity and liabilities | 10/49 | €1,851,960 | €1,767,142 | -€84,818 | -4.6% |
| Equity | 10/15 | €1,143,801 | €638,248 | -€505,553 | -44.2% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Capital | 10 | €1,700,000 | €1,700,000 | = | 0.0% |
| Issued capital | 100 | €1,700,000 | €1,700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€556,199 | -€1,061,752 | -€505,553 | -90.9% |
| Amounts payable | 17/49 | €708,159 | €1,128,893 | +€420,734 | +59.4% |
| Amounts payable within one year | 42/48 | €695,419 | €1,114,576 | +€419,157 | +60.3% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €536,166 | €561,453 | +€25,287 | +4.7% |
| Suppliers | 440/4 | €536,166 | €561,453 | +€25,287 | +4.7% |
| Taxes, remuneration and social security | 45 | €34,912 | €46,782 | +€11,870 | +34.0% |
| Taxes | 450/3 | €6,496 | €9,623 | +€3,126 | +48.1% |
| Remuneration and social security | 454/9 | €28,415 | €37,159 | +€8,744 | +30.8% |
| Other amounts payable | 47/48 | €24,341 | €406,341 | +€382,000 | +1,569% |
| Accrued charges and deferred income | 492/3 | €12,740 | €14,317 | +€1,577 | +12.4% |
| Operating income | 70/76A | €877,461 | €577,615 | -€299,846 | -34.2% |
| Turnover | 70 | €876,907 | €576,926 | -€299,981 | -34.2% |
| Other operating income | 74 | €554 | €690 | +€136 | +24.5% |
| Operating charges | 60/66A | €1,106,449 | €1,072,747 | -€33,702 | -3.0% |
| Services and other goods | 61 | €842,319 | €750,936 | -€91,383 | -10.8% |
| Remuneration, social security and pensions | 62 | €268,823 | €327,728 | +€58,905 | +21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,693 | -€5,917 | -€1,224 | -26.1% |
| Operating profit (loss) | 9901 | -€228,988 | -€495,132 | -€266,144 | -116% |
| Financial income | 75/76B | €11,275 | €178 | -€11,097 | -98.4% |
| Recurring financial income | 75 | €11,275 | €178 | -€11,097 | -98.4% |
| Income from financial fixed assets | 750 | - | €178 | +€178 | |
| Income from current assets | 751 | €291 | - | -€291 | |
| Other financial income | 752/9 | €10,985 | - | -€10,985 | |
| Financial charges | 65/66B | €8,764 | €10,429 | +€1,666 | +19.0% |
| Recurring financial charges | 65 | €8,764 | €10,429 | +€1,666 | +19.0% |
| Debt charges | 650 | €8,764 | €10,429 | +€1,666 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€226,477 | -€505,383 | -€278,907 | -123% |
| Income taxes | 67/77 | €161 | €169 | +€9 | +5.4% |
| Taxes | 670/3 | €161 | €169 | +€9 | +5.4% |
| Profit (loss) for the period | 9904 | -€226,637 | -€505,553 | -€278,915 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€226,637 | -€505,553 | -€278,915 | -123% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.