QUALIFIEDTRAVEL: 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.
QUALIFIEDTRAVEL
Largest movements
- Tangible fixed assets -€17,271
down €17,271 (-7.0%), from €247,023 to €229,752
- Receivables within one year +€5,500
up €5,500 (+17.2%), from €32,054 to €37,554
- Current portion of long-term debt -€30,024
no longer reported in 2025 (was €30,024)
- Profit (loss) carried forward +€15,260
up €15,260, from -€12,430 to €2,830
- Gross operating margin -€3,241
down €3,241 (-8.6%), from €37,812 to €34,570
- Financial charges -€2,102
down €2,102 (-67.0%), from €3,135 to €1,033
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.
Cash bridge derived
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 | €283,411 | €269,047 | -€14,364 | -5.1% |
| Fixed assets | 21/28 | €247,323 | €230,052 | -€17,271 | -7.0% |
| Tangible fixed assets | 22/27 | €247,023 | €229,752 | -€17,271 | -7.0% |
| Land and buildings | 22 | €247,023 | €229,752 | -€17,271 | -7.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €36,088 | €38,995 | +€2,907 | +8.1% |
| Amounts receivable within one year | 40/41 | €32,054 | €37,554 | +€5,500 | +17.2% |
| Trade receivables | 40 | €32,054 | €37,554 | +€5,500 | +17.2% |
| Cash at bank and in hand | 54/58 | €3,533 | €914 | -€2,618 | -74.1% |
| Deferred charges and accrued income | 490/1 | €502 | €527 | +€25 | +5.0% |
| Total equity and liabilities | 10/49 | €283,411 | €269,047 | -€14,364 | -5.1% |
| Equity | 10/15 | €17,570 | €32,830 | +€15,260 | +86.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,430 | €2,830 | +€15,260 | |
| Amounts payable | 17/49 | €265,841 | €236,217 | -€29,624 | -11.1% |
| Amounts payable within one year | 42/48 | €265,841 | €236,217 | -€29,624 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €30,024 | - | -€30,024 | |
| Trade debts | 44 | €39,994 | €40,395 | +€400 | +1.0% |
| Suppliers | 440/4 | €39,994 | €40,395 | +€400 | +1.0% |
| Other amounts payable | 47/48 | €195,822 | €195,822 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,271 | €17,271 | = | 0.0% |
| Other operating charges | 640/8 | €878 | €1,007 | +€129 | +14.7% |
| Gross operating margin | 9900 | €37,812 | €34,570 | -€3,241 | -8.6% |
| Operating profit (loss) | 9901 | €19,663 | €16,293 | -€3,370 | -17.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,135 | €1,033 | -€2,102 | -67.0% |
| Recurring financial charges | 65 | €3,135 | €1,033 | -€2,102 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €16,528 | €15,260 | -€1,268 | -7.7% |
| Profit (loss) for the period | 9904 | €16,528 | €15,260 | -€1,268 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,528 | €15,260 | -€1,268 | -7.7% |
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 11 October 2026 via checked.be.