SELECT 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.
SELECT TRAVEL
Largest movements
- Cash +€29,458
up €29,458 (+124%), from €23,783 to €53,240
mainly Depreciation (+€26,191) and Trade debts (+€14,977)
- Tangible fixed assets -€26,191
down €26,191 (-21.1%), from €124,225 to €98,033
of which Furniture and vehicles: -€24,446
- Receivables within one year +€18,016
up €18,016 (+22.6%), from €79,553 to €97,569
of which Trade receivables: +€18,360
- Trade debts +€14,977
up €14,977 (+37.3%), from €40,159 to €55,136
- Profit (loss) carried forward +€13,059
up €13,059 (+50.0%), from €26,108 to €39,166
- Debts after one year -€6,753
down €6,753 (-6.5%), from €104,500 to €97,747
- Depreciation +€5,046
up €5,046 (+23.9%), from €21,146 to €26,191
- Taxes -€3,294
down €3,294 (-70.7%), from €4,656 to €1,362
- Gross operating margin -€2,563
down €2,563 (-5.4%), from €47,599 to €45,036
- Financial charges -€1,431
down €1,431 (-41.7%), from €3,434 to €2,003
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 | €227,951 | €249,234 | +€21,283 | +9.3% |
| Fixed assets | 21/28 | €124,615 | €98,424 | -€26,191 | -21.0% |
| Tangible fixed assets | 22/27 | €124,225 | €98,033 | -€26,191 | -21.1% |
| Land and buildings | 22 | €17,972 | €17,972 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,491 | €1,745 | -€1,745 | -50.0% |
| Furniture and vehicles | 24 | €102,762 | €78,316 | -€24,446 | -23.8% |
| Financial fixed assets | 28 | €391 | €391 | = | 0.0% |
| Current assets | 29/58 | €103,336 | €150,810 | +€47,474 | +45.9% |
| Amounts receivable within one year | 40/41 | €79,553 | €97,569 | +€18,016 | +22.6% |
| Trade receivables | 40 | €78,512 | €96,872 | +€18,360 | +23.4% |
| Other amounts receivable | 41 | €1,041 | €698 | -€344 | -33.0% |
| Cash at bank and in hand | 54/58 | €23,783 | €53,240 | +€29,458 | +124% |
| Total equity and liabilities | 10/49 | €227,951 | €249,234 | +€21,283 | +9.3% |
| Equity | 10/15 | €83,293 | €96,351 | +€13,059 | +15.7% |
| Contributions | 10/11 | €57,185 | €57,185 | = | 0.0% |
| Capital | 10 | €57,185 | €57,185 | = | 0.0% |
| Issued capital | 100 | €57,185 | €57,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,108 | €39,166 | +€13,059 | +50.0% |
| Amounts payable | 17/49 | €144,659 | €152,883 | +€8,224 | +5.7% |
| Amounts payable after more than one year | 17 | €104,500 | €97,747 | -€6,753 | -6.5% |
| Other amounts payable | 178/9 | €104,500 | €97,747 | -€6,753 | -6.5% |
| Amounts payable within one year | 42/48 | €40,159 | €55,136 | +€14,977 | +37.3% |
| Trade debts | 44 | €40,159 | €55,136 | +€14,977 | +37.3% |
| Suppliers | 440/4 | €40,159 | €55,136 | +€14,977 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,146 | €26,191 | +€5,046 | +23.9% |
| Other operating charges | 640/8 | €2,363 | €2,445 | +€82 | +3.5% |
| Gross operating margin | 9900 | €47,599 | €45,036 | -€2,563 | -5.4% |
| Operating profit (loss) | 9901 | €24,091 | €16,400 | -€7,691 | -31.9% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €3,434 | €2,003 | -€1,431 | -41.7% |
| Recurring financial charges | 65 | €3,434 | €2,003 | -€1,431 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €20,657 | €14,420 | -€6,237 | -30.2% |
| Income taxes | 67/77 | €4,656 | €1,362 | -€3,294 | -70.7% |
| Profit (loss) for the period | 9904 | €16,001 | €13,059 | -€2,943 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,001 | €13,059 | -€2,943 | -18.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.