TRAVAFLEX: 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.
TRAVAFLEX
Largest movements
- Cash -€39,976
down €39,976 (-79.4%), from €50,351 to €10,374
mainly Receivables within one year (-€33,121) and Trade debts (-€22,230)
- Receivables within one year +€33,121
up €33,121 (+18.5%), from €178,709 to €211,830
of which Other amounts receivable: +€21,389
- Deferred charges and accrued income -€4,741
down €4,741 (-52.1%), from €9,102 to €4,362
- Trade debts -€22,230
down €22,230 (-16.3%), from €136,612 to €114,382
- Reserves +€9,032
up €9,032 (+9.3%), from €96,679 to €105,710
- Tax, wage and social debts +€3,574
new in 2025: €3,574
- Staff costs +€22,664
up €22,664 (+92.0%), from €24,633 to €47,297
- Gross operating margin -€17,909
down €17,909 (-21.5%), from €83,476 to €65,567
- Taxes -€14,217
down €14,217 (-76.6%), from €18,560 to €4,343
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,691 | €236,066 | -€9,624 | -3.9% |
| Fixed assets | 21/28 | €5,995 | €7,967 | +€1,972 | +32.9% |
| Tangible fixed assets | 22/27 | €2,728 | €4,700 | +€1,972 | +72.3% |
| Plant, machinery and equipment | 23 | €2,700 | €2,606 | -€94 | -3.5% |
| Furniture and vehicles | 24 | €28 | €2,094 | +€2,065 | +7306.0% |
| Financial fixed assets | 28 | €3,267 | €3,267 | = | 0.0% |
| Current assets | 29/58 | €239,695 | €228,099 | -€11,596 | -4.8% |
| Stocks and contracts in progress | 3 | €1,534 | €1,534 | = | 0.0% |
| Stocks | 30/36 | €1,534 | €1,534 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €178,709 | €211,830 | +€33,121 | +18.5% |
| Trade receivables | 40 | €150,828 | €162,560 | +€11,732 | +7.8% |
| Other amounts receivable | 41 | €27,880 | €49,270 | +€21,389 | +76.7% |
| Cash at bank and in hand | 54/58 | €50,351 | €10,374 | -€39,976 | -79.4% |
| Deferred charges and accrued income | 490/1 | €9,102 | €4,362 | -€4,741 | -52.1% |
| Total equity and liabilities | 10/49 | €245,691 | €236,066 | -€9,624 | -3.9% |
| Equity | 10/15 | €109,079 | €118,110 | +€9,032 | +8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €96,679 | €105,710 | +€9,032 | +9.3% |
| Distributable reserves | 133 | €96,679 | €105,710 | +€9,032 | +9.3% |
| Amounts payable | 17/49 | €136,612 | €117,956 | -€18,656 | -13.7% |
| Amounts payable within one year | 42/48 | €136,612 | €117,956 | -€18,656 | -13.7% |
| Trade debts | 44 | €136,612 | €114,382 | -€22,230 | -16.3% |
| Suppliers | 440/4 | €136,612 | €114,382 | -€22,230 | -16.3% |
| Taxes, remuneration and social security | 45 | - | €3,574 | +€3,574 | |
| Remuneration and social security | 454/9 | - | €3,574 | +€3,574 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €24,633 | €47,297 | +€22,664 | +92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,244 | €1,952 | -€292 | -13.0% |
| Other operating charges | 640/8 | €1,737 | €1,888 | +€151 | +8.7% |
| Gross operating margin | 9900 | €83,476 | €65,567 | -€17,909 | -21.5% |
| Operating profit (loss) | 9901 | €54,862 | €14,430 | -€40,432 | -73.7% |
| Financial income | 75/76B | €29 | €719 | +€691 | +2412.6% |
| Recurring financial income | 75 | €29 | €719 | +€691 | +2412.6% |
| Financial charges | 65/66B | €1,470 | €1,774 | +€304 | +20.7% |
| Recurring financial charges | 65 | €1,470 | €1,774 | +€304 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €53,420 | €13,375 | -€40,046 | -75.0% |
| Income taxes | 67/77 | €18,560 | €4,343 | -€14,217 | -76.6% |
| Profit (loss) for the period | 9904 | €34,860 | €9,032 | -€25,829 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,860 | €9,032 | -€25,829 | -74.1% |
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 12 October 2026 via checked.be.