ND 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.
ND TRAVEL
Largest movements
- Deferred charges and accrued income -€101,507
down €101,507 (-50.0%), from €202,977 to €101,469
- Cash -€27,989
down €27,989 (-13.3%), from €210,191 to €182,202
mainly Trade debts (-€151,405) and Accrued charges and deferred income (-€101,382)
- Receivables after one year -€26,000
no longer reported in 2025 (was €26,000)
- Receivables within one year -€18,137
down €18,137 (-8.6%), from €211,479 to €193,342
of which Trade receivables: -€24,957
- Trade debts -€151,405
down €151,405 (-82.6%), from €183,249 to €31,844
- Advances received +€122,710
up €122,710 (+86.6%), from €141,776 to €264,486
- Accrued charges and deferred income -€101,382
down €101,382 (-95.5%), from €106,138 to €4,756
- Other debts -€33,759
down €33,759 (-96.7%), from €34,911 to €1,151
- Debts after one year -€20,165
down €20,165 (-64.9%), from €31,076 to €10,911
- Gross operating margin -€32,768
down €32,768 (-20.2%), from €162,185 to €129,417
- Staff costs +€3,016
up €3,016 (+3.5%), from €86,333 to €89,349
- Other operating charges +€2,604
up €2,604 (+67.8%), from €3,840 to €6,444
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 | €678,056 | €497,335 | -€180,720 | -26.7% |
| Fixed assets | 21/28 | €27,410 | €20,322 | -€7,087 | -25.9% |
| Intangible fixed assets | 21 | €17,250 | €11,500 | -€5,750 | -33.3% |
| Tangible fixed assets | 22/27 | €8,285 | €6,932 | -€1,353 | -16.3% |
| Plant, machinery and equipment | 23 | €1,226 | €824 | -€402 | -32.8% |
| Furniture and vehicles | 24 | €7,059 | €6,108 | -€951 | -13.5% |
| Financial fixed assets | 28 | €1,874 | €1,890 | +€16 | +0.8% |
| Current assets | 29/58 | €650,646 | €477,013 | -€173,633 | -26.7% |
| Amounts receivable after more than one year | 29 | €26,000 | - | -€26,000 | |
| Other amounts receivable | 291 | €26,000 | - | -€26,000 | |
| Amounts receivable within one year | 40/41 | €211,479 | €193,342 | -€18,137 | -8.6% |
| Trade receivables | 40 | €208,691 | €183,735 | -€24,957 | -12.0% |
| Other amounts receivable | 41 | €2,787 | €9,607 | +€6,820 | +245% |
| Cash at bank and in hand | 54/58 | €210,191 | €182,202 | -€27,989 | -13.3% |
| Deferred charges and accrued income | 490/1 | €202,977 | €101,469 | -€101,507 | -50.0% |
| Total equity and liabilities | 10/49 | €678,056 | €497,335 | -€180,720 | -26.7% |
| Equity | 10/15 | €132,898 | €145,530 | +€12,632 | +9.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,898 | €112,530 | +€12,632 | +12.6% |
| Amounts payable | 17/49 | €545,158 | €351,805 | -€193,353 | -35.5% |
| Amounts payable after more than one year | 17 | €31,076 | €10,911 | -€20,165 | -64.9% |
| Financial debts | 170/4 | €31,076 | €10,911 | -€20,165 | -64.9% |
| Amounts payable within one year | 42/48 | €407,944 | €336,139 | -€71,805 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €27,956 | €24,682 | -€3,274 | -11.7% |
| Trade debts | 44 | €183,249 | €31,844 | -€151,405 | -82.6% |
| Suppliers | 440/4 | €183,249 | €31,844 | -€151,405 | -82.6% |
| Advances received on contracts in progress | 46 | €141,776 | €264,486 | +€122,710 | +86.6% |
| Taxes, remuneration and social security | 45 | €20,051 | €13,975 | -€6,076 | -30.3% |
| Taxes | 450/3 | €3,911 | €549 | -€3,362 | -86.0% |
| Remuneration and social security | 454/9 | €16,140 | €13,426 | -€2,714 | -16.8% |
| Other amounts payable | 47/48 | €34,911 | €1,151 | -€33,759 | -96.7% |
| Accrued charges and deferred income | 492/3 | €106,138 | €4,756 | -€101,382 | -95.5% |
| Remuneration, social security and pensions | 62 | €86,333 | €89,349 | +€3,016 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,366 | €8,339 | +€973 | +13.2% |
| Other operating charges | 640/8 | €3,840 | €6,444 | +€2,604 | +67.8% |
| Gross operating margin | 9900 | €162,185 | €129,417 | -€32,768 | -20.2% |
| Operating profit (loss) | 9901 | €64,647 | €25,286 | -€39,361 | -60.9% |
| Financial income | 75/76B | €1,006 | €584 | -€422 | -41.9% |
| Recurring financial income | 75 | €1,006 | €584 | -€422 | -41.9% |
| Financial charges | 65/66B | €11,837 | €12,698 | +€860 | +7.3% |
| Recurring financial charges | 65 | €11,837 | €12,698 | +€860 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €53,815 | €13,172 | -€40,643 | -75.5% |
| Income taxes | 67/77 | €548 | €540 | -€8 | -1.4% |
| Profit (loss) for the period | 9904 | €53,267 | €12,632 | -€40,635 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,267 | €12,632 | -€40,635 | -76.3% |
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 24 October 2026 via checked.be.