TOERIST-EXPRESS: 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.
TOERIST-EXPRESS
Largest movements
- Receivables within one year -€1,199
down €1,199 (-88.1%), from €1,361 to €162
of which Trade receivables: -€1,361
- Tangible fixed assets +€962
new in 2025: €962
- Cash +€175
up €175 (+10.9%), from €1,599 to €1,774
mainly Net result for the year (+€4,181) and Trade debts (+€1,284)
- Deferred charges and accrued income +€36
new in 2025: €36
- Other debts -€5,186
down €5,186 (-11.2%), from €46,197 to €41,011
- Profit (loss) carried forward +€4,181
up €4,181 (+3.9%), from -€108,304 to -€104,123
- Trade debts +€1,284
up €1,284 (+198%), from €649 to €1,933
- Tax, wage and social debts -€304
down €304 (-27.7%), from €1,098 to €794
- Gross operating margin -€973
down €973 (-13.8%), from €7,075 to €6,102
- Depreciation +€297
new in 2025: €297
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 | €2,960 | €2,935 | -€25 | -0.8% |
| Fixed assets | 21/28 | - | €962 | +€962 | |
| Tangible fixed assets | 22/27 | - | €962 | +€962 | |
| Furniture and vehicles | 24 | - | €962 | +€962 | |
| Current assets | 29/58 | €2,960 | €1,973 | -€987 | -33.4% |
| Amounts receivable within one year | 40/41 | €1,361 | €162 | -€1,199 | -88.1% |
| Trade receivables | 40 | €1,361 | - | -€1,361 | |
| Other amounts receivable | 41 | - | €162 | +€162 | |
| Cash at bank and in hand | 54/58 | €1,599 | €1,774 | +€175 | +10.9% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €2,960 | €2,935 | -€25 | -0.8% |
| Equity | 10/15 | -€44,985 | -€40,803 | +€4,181 | +9.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,346 | €1,346 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,346 | €1,346 | = | 0.0% |
| Legal reserve | 130 | €1,346 | €1,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,304 | -€104,123 | +€4,181 | +3.9% |
| Amounts payable | 17/49 | €47,944 | €43,738 | -€4,206 | -8.8% |
| Amounts payable within one year | 42/48 | €47,944 | €43,738 | -€4,206 | -8.8% |
| Trade debts | 44 | €649 | €1,933 | +€1,284 | +198% |
| Suppliers | 440/4 | €649 | €1,933 | +€1,284 | +198% |
| Taxes, remuneration and social security | 45 | €1,098 | €794 | -€304 | -27.7% |
| Taxes | 450/3 | €1,098 | €794 | -€304 | -27.7% |
| Other amounts payable | 47/48 | €46,197 | €41,011 | -€5,186 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €297 | +€297 | |
| Other operating charges | 640/8 | €1,124 | €1,097 | -€27 | -2.4% |
| Gross operating margin | 9900 | €7,075 | €6,102 | -€973 | -13.8% |
| Operating profit (loss) | 9901 | €5,951 | €4,709 | -€1,243 | -20.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €185 | €138 | -€47 | -25.3% |
| Recurring financial charges | 65 | €185 | €138 | -€47 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €5,767 | €4,572 | -€1,195 | -20.7% |
| Income taxes | 67/77 | €399 | €390 | -€8 | -2.1% |
| Profit (loss) for the period | 9904 | €5,368 | €4,181 | -€1,187 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,368 | €4,181 | -€1,187 | -22.1% |
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 15 October 2026 via checked.be.