SAPHIR TRAVEL: what changed
SAPHIR TRAVEL
Largest movements
- Cash +€308,843
up €308,843 (+141%), from €219,254 to €528,097
mainly Receivables within one year (+€163,475) and Net result for the year (+€75,650)
- Receivables within one year -€163,475
down €163,475 (-98.4%), from €166,204 to €2,729
of which Other amounts receivable: -€122,318
- Financial fixed assets -€22,161
down €22,161 (-86.0%), from €25,761 to €3,600
- Profit (loss) carried forward +€75,650
up €75,650 (+64.9%), from €116,644 to €192,294
- Other debts +€34,809
up €34,809 (+2,134%), from €1,631 to €36,441
- Trade debts +€7,378
new in 2025: €7,378
- Tax, wage and social debts +€5,368
up €5,368 (+13.3%), from €40,387 to €45,755
of which Remuneration and social security: +€12,712
- Gross operating margin +€269,052
up €269,052 (+1,069%), from €25,179 to €294,232
- Financial income -€232,594
no longer reported in 2025 (was €232,594)
of which Financial income: -€232,594
- Other operating charges +€95,740
up €95,740 (+1,652%), from €5,795 to €101,534
- Taxes -€7,344
down €7,344 (-20.6%), from €35,625 to €28,281
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,220 | €534,426 | +€123,206 | +30.0% |
| Fixed assets | 21/28 | €25,761 | €3,600 | -€22,161 | -86.0% |
| Financial fixed assets | 28 | €25,761 | €3,600 | -€22,161 | -86.0% |
| Current assets | 29/58 | €385,458 | €530,826 | +€145,368 | +37.7% |
| Amounts receivable within one year | 40/41 | €166,204 | €2,729 | -€163,475 | -98.4% |
| Trade receivables | 40 | €41,752 | €595 | -€41,157 | -98.6% |
| Other amounts receivable | 41 | €124,452 | €2,134 | -€122,318 | -98.3% |
| Cash at bank and in hand | 54/58 | €219,254 | €528,097 | +€308,843 | +141% |
| Total equity and liabilities | 10/49 | €411,220 | €534,426 | +€123,206 | +30.0% |
| Equity | 10/15 | €369,151 | €444,801 | +€75,650 | +20.5% |
| Contributions | 10/11 | €229,552 | €229,552 | = | 0.0% |
| Reserves | 13 | €22,955 | €22,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,955 | €22,955 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,955 | €22,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,644 | €192,294 | +€75,650 | +64.9% |
| Amounts payable | 17/49 | €42,069 | €89,625 | +€47,556 | +113% |
| Amounts payable within one year | 42/48 | €42,069 | €89,625 | +€47,556 | +113% |
| Financial debts | 43 | €50 | €51 | +€1 | +1.0% |
| Credit institutions | 430/8 | €50 | €51 | +€1 | +1.0% |
| Trade debts | 44 | - | €7,378 | +€7,378 | |
| Suppliers | 440/4 | - | €7,378 | +€7,378 | |
| Taxes, remuneration and social security | 45 | €40,387 | €45,755 | +€5,368 | +13.3% |
| Taxes | 450/3 | €30,625 | €23,281 | -€7,344 | -24.0% |
| Remuneration and social security | 454/9 | €9,762 | €22,474 | +€12,712 | +130% |
| Other amounts payable | 47/48 | €1,631 | €36,441 | +€34,809 | +2,134% |
| Remuneration, social security and pensions | 62 | €88,015 | €85,484 | -€2,531 | -2.9% |
| Other operating charges | 640/8 | €5,795 | €101,534 | +€95,740 | +1,652% |
| Gross operating margin | 9900 | €25,179 | €294,232 | +€269,052 | +1,069% |
| Operating profit (loss) | 9901 | -€68,630 | €107,213 | +€175,844 | |
| Financial income | 75/76B | €232,594 | - | -€232,594 | |
| Recurring financial income | 75 | €232,594 | - | -€232,594 | |
| Non-recurring financial income | 76B | €232,594 | - | -€232,594 | |
| Financial charges | 65/66B | €3,824 | €3,282 | -€542 | -14.2% |
| Recurring financial charges | 65 | €3,824 | €3,282 | -€542 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €160,140 | €103,932 | -€56,208 | -35.1% |
| Income taxes | 67/77 | €35,625 | €28,281 | -€7,344 | -20.6% |
| Profit (loss) for the period | 9904 | €124,515 | €75,650 | -€48,864 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €124,515 | €75,650 | -€48,864 | -39.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.