Tra-Vel: what changed
Tra-Vel
Largest movements
- Tangible fixed assets +€126,809
up €126,809, from €0 to €126,809
- Cash -€57,186
down €57,186 (-26.5%), from €215,773 to €158,587
mainly Investment in fixed assets (net) (-€149,500) and Contributions, distributions and other (-€28,639)
- Receivables within one year -€5,803
down €5,803 (-8.3%), from €69,628 to €63,825
of which Other amounts receivable: -€3,587
- Other debts +€28,924
up €28,924 (+81.7%), from €35,404 to €64,329
- Reserves +€14,490
up €14,490 (+6.8%), from €211,921 to €226,411
of which Distributable reserves: +€14,490
- Tax, wage and social debts +€13,820
up €13,820 (+88.1%), from €15,680 to €29,500
of which Taxes: +€13,665
- Trade debts +€8,403
up €8,403 (+201%), from €4,175 to €12,577
- Gross operating margin +€19,950
up €19,950 (+10.1%), from €197,711 to €217,661
- Staff costs +€5,785
up €5,785 (+4.6%), from €125,014 to €130,799
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 | €288,636 | €353,484 | +€64,848 | +22.5% |
| Fixed assets | 21/28 | €2,235 | €129,044 | +€126,809 | +5,674% |
| Tangible fixed assets | 22/27 | €0 | €126,809 | +€126,809 | |
| Furniture and vehicles | 24 | €0 | €126,809 | +€126,809 | |
| Financial fixed assets | 28 | €2,235 | €2,235 | = | 0.0% |
| Current assets | 29/58 | €286,401 | €224,440 | -€61,961 | -21.6% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,628 | €63,825 | -€5,803 | -8.3% |
| Trade receivables | 40 | €66,041 | €63,825 | -€2,216 | -3.4% |
| Other amounts receivable | 41 | €3,587 | €0 | -€3,587 | -100% |
| Cash at bank and in hand | 54/58 | €215,773 | €158,587 | -€57,186 | -26.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,028 | +€1,028 | |
| Total equity and liabilities | 10/49 | €288,636 | €353,484 | +€64,848 | +22.5% |
| Equity | 10/15 | €230,521 | €245,011 | +€14,490 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €211,921 | €226,411 | +€14,490 | +6.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €28,500 | €28,500 | = | 0.0% |
| Distributable reserves | 133 | €183,421 | €197,911 | +€14,490 | +7.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €58,115 | €108,473 | +€50,358 | +86.7% |
| Amounts payable within one year | 42/48 | €55,259 | €106,406 | +€51,147 | +92.6% |
| Trade debts | 44 | €4,175 | €12,577 | +€8,403 | +201% |
| Suppliers | 440/4 | €4,175 | €12,577 | +€8,403 | +201% |
| Taxes, remuneration and social security | 45 | €15,680 | €29,500 | +€13,820 | +88.1% |
| Taxes | 450/3 | €2,033 | €15,698 | +€13,665 | +672% |
| Remuneration and social security | 454/9 | €13,646 | €13,802 | +€156 | +1.1% |
| Other amounts payable | 47/48 | €35,404 | €64,329 | +€28,924 | +81.7% |
| Accrued charges and deferred income | 492/3 | €2,856 | €2,067 | -€789 | -27.6% |
| Non-recurring operating income | 76A | - | €16,500 | +€16,500 | |
| Remuneration, social security and pensions | 62 | €125,014 | €130,799 | +€5,785 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,111 | €22,691 | +€580 | +2.6% |
| Other operating charges | 640/8 | €2,157 | €1,485 | -€672 | -31.2% |
| Gross operating margin | 9900 | €197,711 | €217,661 | +€19,950 | +10.1% |
| Operating profit (loss) | 9901 | €48,429 | €62,686 | +€14,257 | +29.4% |
| Financial income | 75/76B | - | €439 | +€439 | |
| Recurring financial income | 75 | - | €439 | +€439 | |
| Financial charges | 65/66B | €2,396 | €2,398 | +€2 | +0.1% |
| Recurring financial charges | 65 | €2,396 | €2,398 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €46,033 | €60,727 | +€14,694 | +31.9% |
| Income taxes | 67/77 | €16,413 | €17,597 | +€1,184 | +7.2% |
| Profit (loss) for the period | 9904 | €29,620 | €43,129 | +€13,510 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,620 | €43,129 | +€13,510 | +45.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.