TOURING: what changed
Two fiscal 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.
What changed
TOURING
NACE 52.210, Service activities incidental to land transportation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8.4m
2024 · -€3.8m-€4.5m
Equity
€14.1m
2024 · €22.5m-€8.4m
Cash
€17.7m
2024 · €20.5m-€2.9m
Balance sheet total
€95.7m
2024 · €104.2m-€8.5m
Largest movements
Assets
- Intangible fixed assets -€4.7m
down €4.7m (-17.9%), from €26.2m to €21.5m
- Cash -€2.9m
down €2.9m (-14.1%), from €20.5m to €17.7m
mainly Net result for the year (-€8.4m) and Investment in fixed assets (net) (-€5.4m)
- Receivables within one year -€2.6m
down €2.6m (-5.9%), from €44.0m to €41.5m
of which Trade receivables: -€2.6m
- Tangible fixed assets +€2.5m
up €2.5m (+32.9%), from €7.6m to €10.1m
of which Leasing and similar rights: +€3.7m
Equity and liabilities
- Profit (loss) carried forward -€8.4m
down €8.4m, from €5.4m to -€3.0m
- Other debts -€3.1m
down €3.1m (-23.9%), from €12.8m to €9.8m
- Debts after one year +€2.8m
up €2.8m (+129.6%), from €2.1m to €4.9m
Income statement
- Turnover +€8.4m
up €8.4m (+4.6%), from €184.4m to €192.8m
- Services and other goods +€6.6m
up €6.6m (+4.7%), from €142.1m to €148.8m
- Staff costs +€4.8m
up €4.8m (+10.2%), from €47.4m to €52.2m
- Other operating income -€2.8m
down €2.8m (-32.6%), from €8.7m to €5.9m
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.
Result 2024
-€3.8m
Turnover
+€8.4m
Other operating income
-€2.8m
Goods and materials
-€393,539
Services and other goods
-€6.6m
Staff costs
-€4.8m
Depreciation
+€592,375
Write-downs
+€293,383
Other operating charges
+€488,545
Other operating items
+€1.1m
Financial income
-€610,978
Financial charges
-€114,760
Taxes
+€246
Result 2025
-€8.4m
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.
From operations
-€998,985
Investment
-€5.4m
Financing
+€3.5m
Cash 2024
€20.5m
From operations (derived)
-€998,985
Net result for the year
-€8.4m
Depreciation
+€7.6m
Stocks and contracts
-€17,026
Receivables within one year
+€2.6m
Deferred charges and accrued income
+€819,508
Provisions
+€22,000
Trade debts
-€652,049
Tax, wage and social debts
+€594,803
Other debts
-€3.1m
Accrued charges and deferred income
-€546,878
Investment (derived)
-€5.4m
Investment in fixed assets (net)
-€5.4m
Financing
+€3.5m
Debts after one year
+€2.8m
Current portion of long-term debt
+€1.0m
Short-term financial debts
-€224,830
Cash 2025
€17.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €104,213,665 | €95,740,392 | -€8.5m | -8.1% |
| Fixed assets | 21/28 | €34,828,494 | €32,627,860 | -€2.2m | -6.3% |
| Intangible fixed assets | 21 | €26,244,059 | €21,548,784 | -€4.7m | -17.9% |
| Tangible fixed assets | 22/27 | €7,570,982 | €10,062,622 | +€2.5m | +32.9% |
| Land and buildings | 22 | €1,240,420 | €1,135,356 | -€105,064 | -8.5% |
| Plant, machinery and equipment | 23 | €10,316 | €3,005 | -€7,312 | -70.9% |
| Furniture and vehicles | 24 | €2,021,612 | €1,376,234 | -€645,378 | -31.9% |
| Leasing and similar rights | 25 | €3,207,848 | €6,933,273 | +€3.7m | +116.1% |
| Other tangible fixed assets | 26 | €1,090,785 | €614,754 | -€476,031 | -43.6% |
| Financial fixed assets | 28 | €1,013,454 | €1,016,454 | +€3,000 | +0.3% |
| Affiliated companies | 280/1 | €1,000,000 | €1,000,000 | = | 0.0% |
| Participating interests | 280 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,454 | €16,454 | +€3,000 | +22.3% |
| Amounts receivable and cash guarantees | 285/8 | €13,454 | €16,454 | +€3,000 | +22.3% |
| Current assets | 29/58 | €69,385,171 | €63,112,532 | -€6.3m | -9.0% |
| Stocks and contracts in progress | 3 | €632,023 | €649,049 | +€17,026 | +2.7% |
| Stocks | 30/36 | €632,023 | €649,049 | +€17,026 | +2.7% |
| Raw materials and consumables | 30/31 | €19,892 | €27,477 | +€7,585 | +38.1% |
| Goods purchased for resale | 34 | €612,131 | €621,572 | +€9,441 | +1.5% |
| Amounts receivable within one year | 40/41 | €44,030,005 | €41,451,114 | -€2.6m | -5.9% |
| Trade receivables | 40 | €42,399,538 | €39,756,018 | -€2.6m | -6.2% |
| Other amounts receivable | 41 | €1,630,467 | €1,695,097 | +€64,630 | +4.0% |
| Cash at bank and in hand | 54/58 | €20,541,531 | €17,650,264 | -€2.9m | -14.1% |
| Deferred charges and accrued income | 490/1 | €4,181,613 | €3,362,104 | -€819,508 | -19.6% |
| Total equity and liabilities | 10/49 | €104,213,665 | €95,740,392 | -€8.5m | -8.1% |
| Equity | 10/15 | €22,508,346 | €14,141,079 | -€8.4m | -37.2% |
| Contributions | 10/11 | €14,033,794 | €14,033,794 | = | 0.0% |
| Capital | 10 | €11,183,005 | €11,183,005 | = | 0.0% |
| Issued capital | 100 | €11,183,005 | €11,183,005 | = | 0.0% |
| Outside capital | 11 | €2,850,790 | €2,850,790 | = | 0.0% |
| Share premium | 1100/10 | €2,850,790 | €2,850,790 | = | 0.0% |
| Reserves | 13 | €3,094,858 | €3,094,858 | = | 0.0% |
| Non-distributable reserves | 130/1 | €951,969 | €951,969 | = | 0.0% |
| Legal reserve | 130 | €951,969 | €951,969 | = | 0.0% |
| Distributable reserves | 133 | €2,142,888 | €2,142,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,379,694 | -€2,987,573 | -€8.4m | |
| Provisions and deferred taxes | 16 | - | €22,000 | +€22,000 | |
| Provisions for liabilities and charges | 160/5 | - | €22,000 | +€22,000 | |
| Other liabilities and charges | 164/5 | - | €22,000 | +€22,000 | |
| Amounts payable | 17/49 | €81,705,319 | €81,577,313 | -€128,006 | -0.2% |
| Amounts payable after more than one year | 17 | €2,132,558 | €4,897,359 | +€2.8m | +129.6% |
| Financial debts | 170/4 | €2,132,558 | €4,897,359 | +€2.8m | +129.6% |
| Leasing and similar obligations | 172 | €2,132,558 | €4,897,359 | +€2.8m | +129.6% |
| Amounts payable within one year | 42/48 | €63,192,153 | €60,846,225 | -€2.3m | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €1,058,426 | €2,059,527 | +€1.0m | +94.6% |
| Financial debts | 43 | €8,224,830 | €8,000,000 | -€224,830 | -2.7% |
| Other loans | 439 | €8,224,830 | €8,000,000 | -€224,830 | -2.7% |
| Trade debts | 44 | €31,952,570 | €31,300,521 | -€652,049 | -2.0% |
| Suppliers | 440/4 | €31,952,570 | €31,300,521 | -€652,049 | -2.0% |
| Taxes, remuneration and social security | 45 | €9,138,633 | €9,733,436 | +€594,803 | +6.5% |
| Taxes | 450/3 | €2,621,660 | €1,814,945 | -€806,715 | -30.8% |
| Remuneration and social security | 454/9 | €6,516,973 | €7,918,491 | +€1.4m | +21.5% |
| Other amounts payable | 47/48 | €12,817,695 | €9,752,742 | -€3.1m | -23.9% |
| Accrued charges and deferred income | 492/3 | €16,380,608 | €15,833,729 | -€546,878 | -3.3% |
| Operating income | 70/76A | €193,114,228 | €199,852,988 | +€6.7m | +3.5% |
| Turnover | 70 | €184,369,424 | €192,797,822 | +€8.4m | +4.6% |
| Other operating income | 74 | €8,716,804 | €5,873,567 | -€2.8m | -32.6% |
| Non-recurring operating income | 76A | €28,000 | €1,181,599 | +€1.2m | +4120.0% |
| Operating charges | 60/66A | €199,643,745 | €210,203,263 | +€10.6m | +5.3% |
| Goods for resale, raw materials and consumables | 60 | €1,050,304 | €1,443,843 | +€393,539 | +37.5% |
| Purchases | 600/8 | €1,124,266 | €1,445,379 | +€321,112 | +28.6% |
| Change in stocks: decrease (increase) | 609 | -€73,962 | -€1,536 | +€72,427 | +97.9% |
| Services and other goods | 61 | €142,127,643 | €148,755,681 | +€6.6m | +4.7% |
| Remuneration, social security and pensions | 62 | €47,352,569 | €52,196,548 | +€4.8m | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,226,363 | €7,633,988 | -€592,375 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €67,713 | -€225,671 | -€293,383 | |
| Other operating charges | 640/8 | €810,878 | €322,333 | -€488,545 | -60.2% |
| Non-recurring operating charges | 66A | €8,275 | €76,540 | +€68,266 | +825.0% |
| Operating profit (loss) | 9901 | -€6,529,516 | -€10,350,274 | -€3.8m | -58.5% |
| Financial income | 75/76B | €3,334,136 | €2,723,158 | -€610,978 | -18.3% |
| Recurring financial income | 75 | €634,136 | €1,223,158 | +€589,022 | +92.9% |
| Income from financial fixed assets | 750 | €530,000 | €1,100,000 | +€570,000 | +107.5% |
| Income from current assets | 751 | €95,789 | €109,902 | +€14,114 | +14.7% |
| Other financial income | 752/9 | €8,348 | €13,256 | +€4,908 | +58.8% |
| Non-recurring financial income | 76B | €2,700,000 | €1,500,000 | -€1.2m | -44.4% |
| Financial charges | 65/66B | €607,314 | €722,074 | +€114,760 | +18.9% |
| Recurring financial charges | 65 | €607,314 | €722,074 | +€114,760 | +18.9% |
| Debt charges | 650 | €526,127 | €641,155 | +€115,029 | +21.9% |
| Other financial charges | 652/9 | €81,187 | €80,919 | -€269 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,802,694 | -€8,349,190 | -€4.5m | -119.6% |
| Income taxes | 67/77 | €18,324 | €18,078 | -€246 | -1.3% |
| Taxes | 670/3 | €18,324 | €18,078 | -€246 | -1.3% |
| Profit (loss) for the period | 9904 | -€3,821,018 | -€8,367,268 | -€4.5m | -119.0% |
| Transfer from tax-exempt reserves | 789 | €1,307,308 | - | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,513,710 | -€8,367,268 | -€5.9m | -232.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.