Travacos: 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.
Travacos
Largest movements
- Cash +€39,171
up €39,171 (+41.1%), from €95,376 to €134,547
mainly Other debts (+€94,692) and Net result for the year (+€68,047)
- Receivables within one year +€18,701
up €18,701 (+61.5%), from €30,421 to €49,122
of which Trade receivables: +€18,212
- Deferred charges and accrued income -€3,643
down €3,643 (-56.8%), from €6,419 to €2,776
- Other debts +€94,692
up €94,692 (+144%), from €65,903 to €160,594
- Reserves -€44,058
down €44,058 (-100%), from €44,058 to €0
- Tax, wage and social debts +€9,619
up €9,619 (+153%), from €6,274 to €15,894
- Debts after one year -€4,542
down €4,542 (-26.9%), from €16,870 to €12,328
- Gross operating margin +€30,984
up €30,984 (+45.7%), from €67,825 to €98,809
- Taxes +€6,438
up €6,438 (+57.1%), from €11,273 to €17,711
- Financial charges -€3,100
down €3,100 (-56.0%), from €5,540 to €2,440
- Depreciation +€2,101
up €2,101 (+29.5%), from €7,119 to €9,220
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 | €158,442 | €212,728 | +€54,286 | +34.3% |
| Fixed assets | 21/28 | €26,226 | €26,283 | +€57 | +0.2% |
| Tangible fixed assets | 22/27 | €26,226 | €26,283 | +€57 | +0.2% |
| Plant, machinery and equipment | 23 | €5,277 | €9,932 | +€4,655 | +88.2% |
| Furniture and vehicles | 24 | €20,949 | €16,351 | -€4,598 | -21.9% |
| Current assets | 29/58 | €132,216 | €186,445 | +€54,229 | +41.0% |
| Amounts receivable within one year | 40/41 | €30,421 | €49,122 | +€18,701 | +61.5% |
| Trade receivables | 40 | €23,471 | €41,683 | +€18,212 | +77.6% |
| Other amounts receivable | 41 | €6,950 | €7,439 | +€489 | +7.0% |
| Cash at bank and in hand | 54/58 | €95,376 | €134,547 | +€39,171 | +41.1% |
| Deferred charges and accrued income | 490/1 | €6,419 | €2,776 | -€3,643 | -56.8% |
| Total equity and liabilities | 10/49 | €158,442 | €212,728 | +€54,286 | +34.3% |
| Equity | 10/15 | €62,658 | €18,600 | -€44,058 | -70.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,058 | €0 | -€44,058 | -100% |
| Distributable reserves | 133 | €44,058 | €0 | -€44,058 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,784 | €194,128 | +€98,344 | +103% |
| Amounts payable after more than one year | 17 | €16,870 | €12,328 | -€4,542 | -26.9% |
| Financial debts | 170/4 | €16,870 | €12,328 | -€4,542 | -26.9% |
| Amounts payable within one year | 42/48 | €78,915 | €181,801 | +€102,886 | +130% |
| Current portion of amounts payable after more than one year | 42 | €4,357 | €4,542 | +€185 | +4.2% |
| Trade debts | 44 | €2,380 | €771 | -€1,609 | -67.6% |
| Suppliers | 440/4 | €2,380 | €771 | -€1,609 | -67.6% |
| Taxes, remuneration and social security | 45 | €6,274 | €15,894 | +€9,619 | +153% |
| Taxes | 450/3 | €6,274 | €15,894 | +€9,619 | +153% |
| Other amounts payable | 47/48 | €65,903 | €160,594 | +€94,692 | +144% |
| Non-recurring operating income | 76A | - | €21,169 | +€21,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,119 | €9,220 | +€2,101 | +29.5% |
| Other operating charges | 640/8 | €1,051 | €1,440 | +€388 | +37.0% |
| Gross operating margin | 9900 | €67,825 | €98,809 | +€30,984 | +45.7% |
| Operating profit (loss) | 9901 | €59,655 | €88,149 | +€28,494 | +47.8% |
| Financial income | 75/76B | €33 | €49 | +€15 | +46.4% |
| Recurring financial income | 75 | €33 | €49 | +€15 | +46.4% |
| Financial charges | 65/66B | €5,540 | €2,440 | -€3,100 | -56.0% |
| Recurring financial charges | 65 | €5,540 | €2,440 | -€3,100 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €54,149 | €85,758 | +€31,609 | +58.4% |
| Income taxes | 67/77 | €11,273 | €17,711 | +€6,438 | +57.1% |
| Profit (loss) for the period | 9904 | €42,876 | €68,047 | +€25,171 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,876 | €68,047 | +€25,171 | +58.7% |
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.