TERRA TRAVELLERS: what changed
What changed
TERRA TRAVELLERS
NACE 79.110, Travel agency activities
filed annual accounts (NBB)
Net result for the year
€5,970
2024 · €33,166-€27,196
Equity
€119,607
2024 · €113,637+€5,970
Cash
€197,859
2024 · €201,363-€3,504
Balance sheet total
€750,377
2024 · €437,947+€312,430
Largest movements
Assets
- Receivables within one year +€130,003
up €130,003 (+162%), from €80,124 to €210,127
of which Trade receivables: +€122,690
- Tangible fixed assets +€122,106
up €122,106 (+4,681%), from €2,608 to €124,714
of which Land and buildings: +€122,900
- Deferred charges and accrued income +€65,039
up €65,039 (+42.6%), from €152,612 to €217,651
Equity and liabilities
- Accrued charges and deferred income +€171,966
up €171,966 (+203%), from €84,628 to €256,594
- Debts after one year +€92,678
new in 2025: €92,678
- Trade debts +€58,191
up €58,191 (+114%), from €51,028 to €109,219
- Advances received -€8,833
down €8,833 (-6.0%), from €148,172 to €139,339
- Tax, wage and social debts -€8,249
down €8,249 (-78.7%), from €10,483 to €2,234
of which Taxes: -€8,885
Income statement
- Gross operating margin -€25,859
down €25,859 (-34.3%), from €75,431 to €49,572
- Write-downs -€15,514
no longer reported in 2025 (was €15,514)
- Staff costs +€14,960
up €14,960 (+152%), from €9,848 to €24,808
- Taxes -€9,786
down €9,786 (-74.8%), from €13,080 to €3,295
- Depreciation +€6,285
up €6,285 (+321%), from €1,957 to €8,241
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.
Result 2024
€33,166
Gross operating margin
-€25,859
Staff costs
-€14,960
Depreciation
-€6,285
Write-downs
+€15,514
Other operating charges
-€1,156
Financial income
+€87
Financial charges
-€4,323
Taxes
+€9,786
Result 2025
€5,970
raises the resultlowers the result
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.
From operations
+€27,744
Investment
-€129,133
Financing
+€97,885
Cash 2024
€201,363
From operations (derived)
+€27,744
Net result for the year
+€5,970
Depreciation
+€8,241
Receivables within one year
-€130,003
Deferred charges and accrued income
-€65,039
Trade debts
+€58,191
Tax, wage and social debts
-€8,249
Advances received
-€8,833
Other debts
-€4,500
Accrued charges and deferred income
+€171,966
Investment (derived)
-€129,133
Investment in fixed assets (net)
-€129,133
Financing
+€97,885
Debts after one year
+€92,678
Current portion of long-term debt
+€5,207
Cash 2025
€197,859
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €437,947 | €750,377 | +€312,430 | +71.3% |
| Fixed assets | 21/28 | €3,847 | €124,739 | +€120,892 | +3,142% |
| Tangible fixed assets | 22/27 | €2,608 | €124,714 | +€122,106 | +4,681% |
| Land and buildings | 22 | - | €122,900 | +€122,900 | |
| Plant, machinery and equipment | 23 | €1,277 | €1,814 | +€537 | +42.1% |
| Furniture and vehicles | 24 | €1,331 | - | -€1,331 | |
| Financial fixed assets | 28 | €1,239 | €25 | -€1,214 | -98.0% |
| Current assets | 29/58 | €434,100 | €625,638 | +€191,538 | +44.1% |
| Amounts receivable within one year | 40/41 | €80,124 | €210,127 | +€130,003 | +162% |
| Trade receivables | 40 | €75,414 | €198,105 | +€122,690 | +163% |
| Other amounts receivable | 41 | €4,710 | €12,023 | +€7,313 | +155% |
| Cash at bank and in hand | 54/58 | €201,363 | €197,859 | -€3,504 | -1.7% |
| Deferred charges and accrued income | 490/1 | €152,612 | €217,651 | +€65,039 | +42.6% |
| Total equity and liabilities | 10/49 | €437,947 | €750,377 | +€312,430 | +71.3% |
| Equity | 10/15 | €113,637 | €119,607 | +€5,970 | +5.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,637 | €86,607 | +€5,970 | +7.4% |
| Amounts payable | 17/49 | €324,310 | €630,770 | +€306,460 | +94.5% |
| Amounts payable after more than one year | 17 | - | €92,678 | +€92,678 | |
| Financial debts | 170/4 | - | €92,678 | +€92,678 | |
| Amounts payable within one year | 42/48 | €239,682 | €281,498 | +€41,816 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,207 | +€5,207 | |
| Trade debts | 44 | €51,028 | €109,219 | +€58,191 | +114% |
| Suppliers | 440/4 | €51,028 | €109,219 | +€58,191 | +114% |
| Advances received on contracts in progress | 46 | €148,172 | €139,339 | -€8,833 | -6.0% |
| Taxes, remuneration and social security | 45 | €10,483 | €2,234 | -€8,249 | -78.7% |
| Taxes | 450/3 | €8,948 | €62 | -€8,885 | -99.3% |
| Remuneration and social security | 454/9 | €1,535 | €2,172 | +€636 | +41.5% |
| Other amounts payable | 47/48 | €30,000 | €25,500 | -€4,500 | -15.0% |
| Accrued charges and deferred income | 492/3 | €84,628 | €256,594 | +€171,966 | +203% |
| Non-recurring operating income | 76A | €5,794 | €2,750 | -€3,044 | -52.5% |
| Remuneration, social security and pensions | 62 | €9,848 | €24,808 | +€14,960 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,957 | €8,241 | +€6,285 | +321% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,514 | - | -€15,514 | |
| Other operating charges | 640/8 | €63 | €1,219 | +€1,156 | +1,831% |
| Gross operating margin | 9900 | €75,431 | €49,572 | -€25,859 | -34.3% |
| Operating profit (loss) | 9901 | €48,050 | €15,304 | -€32,745 | -68.1% |
| Financial income | 75/76B | €60 | €147 | +€87 | +143% |
| Recurring financial income | 75 | €60 | €147 | +€87 | +143% |
| Financial charges | 65/66B | €1,865 | €6,187 | +€4,323 | +232% |
| Recurring financial charges | 65 | €1,865 | €6,187 | +€4,323 | +232% |
| Profit (loss) for the period before taxes | 9903 | €46,246 | €9,264 | -€36,982 | -80.0% |
| Income taxes | 67/77 | €13,080 | €3,295 | -€9,786 | -74.8% |
| Profit (loss) for the period | 9904 | €33,166 | €5,970 | -€27,196 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,166 | €5,970 | -€27,196 | -82.0% |
Next steps
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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 4 November 2026 via checked.be.