TRAVACOL: 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.
TRAVACOL
Largest movements
- Receivables within one year +€36,088
up €36,088 (+210%), from €17,191 to €53,279
of which Trade receivables: +€35,185
- Cash -€11,251
down €11,251 (-27.6%), from €40,778 to €29,527
mainly Receivables within one year (-€36,088) and Investment in fixed assets (net) (-€12,970)
- Tangible fixed assets -€9,903
down €9,903 (-3.8%), from €260,048 to €250,145
of which Land and buildings: -€6,884
- Reserves +€20,978
up €20,978 (+8.3%), from €251,831 to €272,809
- Trade debts -€7,388
down €7,388 (-64.5%), from €11,448 to €4,060
- Gross operating margin +€13,062
up €13,062 (+27.4%), from €47,612 to €60,674
- Other operating charges +€6,611
up €6,611 (+155%), from €4,276 to €10,887
- Depreciation -€3,019
down €3,019 (-11.7%), from €25,892 to €22,873
- Financial charges +€1,486
up €1,486 (+71.6%), from €2,075 to €3,561
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 | €318,208 | €333,047 | +€14,839 | +4.7% |
| Fixed assets | 21/28 | €260,048 | €250,145 | -€9,903 | -3.8% |
| Tangible fixed assets | 22/27 | €260,048 | €250,145 | -€9,903 | -3.8% |
| Land and buildings | 22 | €241,814 | €234,929 | -€6,884 | -2.8% |
| Plant, machinery and equipment | 23 | €4,062 | €3,014 | -€1,048 | -25.8% |
| Furniture and vehicles | 24 | €14,172 | €12,201 | -€1,971 | -13.9% |
| Current assets | 29/58 | €58,160 | €82,902 | +€24,742 | +42.5% |
| Amounts receivable within one year | 40/41 | €17,191 | €53,279 | +€36,088 | +210% |
| Trade receivables | 40 | €16,755 | €51,940 | +€35,185 | +210% |
| Other amounts receivable | 41 | €435 | €1,339 | +€904 | +208% |
| Cash at bank and in hand | 54/58 | €40,778 | €29,527 | -€11,251 | -27.6% |
| Deferred charges and accrued income | 490/1 | €192 | €96 | -€96 | -50.0% |
| Total equity and liabilities | 10/49 | €318,208 | €333,047 | +€14,839 | +4.7% |
| Equity | 10/15 | €271,663 | €292,641 | +€20,978 | +7.7% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €251,831 | €272,809 | +€20,978 | +8.3% |
| Distributable reserves | 133 | €251,831 | €272,809 | +€20,978 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €46,545 | €40,406 | -€6,139 | -13.2% |
| Amounts payable within one year | 42/48 | €45,530 | €39,386 | -€6,144 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €11,448 | €4,060 | -€7,388 | -64.5% |
| Suppliers | 440/4 | €11,448 | €4,060 | -€7,388 | -64.5% |
| Taxes, remuneration and social security | 45 | €3,586 | €3,164 | -€422 | -11.8% |
| Taxes | 450/3 | €3,586 | €3,164 | -€422 | -11.8% |
| Other amounts payable | 47/48 | €30,496 | €32,162 | +€1,666 | +5.5% |
| Accrued charges and deferred income | 492/3 | €1,015 | €1,020 | +€5 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,892 | €22,873 | -€3,019 | -11.7% |
| Other operating charges | 640/8 | €4,276 | €10,887 | +€6,611 | +155% |
| Gross operating margin | 9900 | €47,612 | €60,674 | +€13,062 | +27.4% |
| Operating profit (loss) | 9901 | €17,444 | €26,914 | +€9,470 | +54.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,150% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,150% |
| Financial charges | 65/66B | €2,075 | €3,561 | +€1,486 | +71.6% |
| Recurring financial charges | 65 | €2,075 | €3,561 | +€1,486 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €15,369 | €23,353 | +€7,984 | +51.9% |
| Income taxes | 67/77 | €1,925 | €2,376 | +€450 | +23.4% |
| Profit (loss) for the period | 9904 | €13,444 | €20,978 | +€7,534 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,444 | €20,978 | +€7,534 | +56.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.