TRAVADRI: 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.
TRAVADRI
Largest movements
- Receivables within one year -€487,545
down €487,545 (-65.7%), from €742,046 to €254,501
of which Other amounts receivable: -€426,549
- Cash +€65,515
up €65,515 (+189%), from €34,630 to €100,146
mainly Receivables within one year (+€487,545) and Other debts (+€75,000)
- Deferred charges and accrued income +€39,745
up €39,745 (+468%), from €8,500 to €48,245
- Tangible fixed assets -€18,162
down €18,162 (-56.2%), from €32,291 to €14,129
of which Furniture and vehicles: -€15,706
- Tax, wage and social debts -€269,222
down €269,222 (-96.0%), from €280,302 to €11,080
of which Remuneration and social security: -€187,372
- Trade debts -€246,447
down €246,447 (-47.6%), from €517,383 to €270,936
- Other debts +€75,000
new in 2025: €75,000
- Profit (loss) carried forward +€30,627
up €30,627 (+7.8%), from -€394,731 to -€364,104
- Accrued charges and deferred income +€16,377
up €16,377, from €0 to €16,377
- Gross operating margin +€151,724
up €151,724 (+24.1%), from €630,434 to €782,158
- Staff costs -€120,653
down €120,653 (-15.1%), from €801,298 to €680,645
- Depreciation -€9,818
down €9,818 (-28.9%), from €33,971 to €24,153
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 | €852,549 | €458,033 | -€394,516 | -46.3% |
| Fixed assets | 21/28 | €60,948 | €48,717 | -€12,232 | -20.1% |
| Tangible fixed assets | 22/27 | €32,291 | €14,129 | -€18,162 | -56.2% |
| Plant, machinery and equipment | 23 | €1,596 | €935 | -€661 | -41.4% |
| Furniture and vehicles | 24 | €20,599 | €4,894 | -€15,706 | -76.2% |
| Other tangible fixed assets | 26 | €10,096 | €8,301 | -€1,795 | -17.8% |
| Financial fixed assets | 28 | €28,657 | €34,587 | +€5,930 | +20.7% |
| Current assets | 29/58 | €791,601 | €409,317 | -€382,284 | -48.3% |
| Stocks and contracts in progress | 3 | €6,425 | €6,425 | = | 0.0% |
| Stocks | 30/36 | €6,425 | €6,425 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €742,046 | €254,501 | -€487,545 | -65.7% |
| Trade receivables | 40 | €279,155 | €218,159 | -€60,996 | -21.9% |
| Other amounts receivable | 41 | €462,890 | €36,342 | -€426,549 | -92.1% |
| Cash at bank and in hand | 54/58 | €34,630 | €100,146 | +€65,515 | +189% |
| Deferred charges and accrued income | 490/1 | €8,500 | €48,245 | +€39,745 | +468% |
| Total equity and liabilities | 10/49 | €852,549 | €458,033 | -€394,516 | -46.3% |
| Equity | 10/15 | -€207,836 | -€178,209 | +€29,627 | +14.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €37,159 | €37,159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €22,285 | €22,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€394,731 | -€364,104 | +€30,627 | +7.8% |
| Investment grants | 15 | €1,000 | - | -€1,000 | |
| Amounts payable | 17/49 | €1,060,384 | €636,242 | -€424,143 | -40.0% |
| Amounts payable within one year | 42/48 | €1,060,384 | €619,864 | -€440,520 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €13,198 | €13,348 | +€149 | +1.1% |
| Financial debts | 43 | €249,501 | €249,501 | = | 0.0% |
| Credit institutions | 430/8 | €249,501 | €249,501 | = | 0.0% |
| Trade debts | 44 | €517,383 | €270,936 | -€246,447 | -47.6% |
| Suppliers | 440/4 | €517,383 | €270,936 | -€246,447 | -47.6% |
| Taxes, remuneration and social security | 45 | €280,302 | €11,080 | -€269,222 | -96.0% |
| Taxes | 450/3 | €81,851 | - | -€81,851 | |
| Remuneration and social security | 454/9 | €198,452 | €11,080 | -€187,372 | -94.4% |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €16,377 | +€16,377 | |
| Non-recurring operating income | 76A | €10,000 | €16,855 | +€6,855 | +68.6% |
| Remuneration, social security and pensions | 62 | €801,298 | €680,645 | -€120,653 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,971 | €24,153 | -€9,818 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,750 | - | -€1,750 | |
| Other operating charges | 640/8 | €13,241 | €5,747 | -€7,494 | -56.6% |
| Non-recurring operating charges | 66A | - | €7,366 | +€7,366 | |
| Gross operating margin | 9900 | €630,434 | €782,158 | +€151,724 | +24.1% |
| Operating profit (loss) | 9901 | -€219,825 | €64,247 | +€284,072 | |
| Financial income | 75/76B | €58 | €1,970 | +€1,911 | +3,281% |
| Recurring financial income | 75 | €58 | €1,970 | +€1,911 | +3,281% |
| Financial charges | 65/66B | €41,732 | €35,590 | -€6,142 | -14.7% |
| Recurring financial charges | 65 | €41,732 | €35,590 | -€6,142 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€261,498 | €30,627 | +€292,125 | |
| Profit (loss) for the period | 9904 | -€261,498 | €30,627 | +€292,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€261,498 | €30,627 | +€292,125 |
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.