Travak: 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.
Travak
Largest movements
- Cash -€78,419
down €78,419 (-28.8%), from €272,156 to €193,738
mainly Contributions, distributions and other (-€377,903) and Debts after one year (-€21,793)
- Deferred charges and accrued income +€13,650
up €13,650 (+3943.5%), from €346 to €13,997
- Receivables within one year -€4,384
down €4,384 (-64.6%), from €6,790 to €2,406
of which Other amounts receivable: -€4,922
- Reserves -€346,913
down €346,913 (-91.8%), from €377,903 to €30,990
- Other debts +€296,555
up €296,555 (+5943.6%), from €4,990 to €301,545
- Debts after one year -€21,793
no longer reported in 2025 (was €21,793)
- Financial income -€344,536
down €344,536 (-99.0%), from €348,036 to €3,500
- Gross operating margin -€1,885
down €1,885 (-4.2%), from €44,778 to €42,893
- Taxes +€491
up €491 (+4.5%), from €10,960 to €11,451
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 | €436,465 | €364,925 | -€71,541 | -16.4% |
| Fixed assets | 21/28 | €107,173 | €104,785 | -€2,388 | -2.2% |
| Tangible fixed assets | 22/27 | €6,527 | €4,139 | -€2,388 | -36.6% |
| Land and buildings | 22 | €1,563 | €1,363 | -€200 | -12.8% |
| Furniture and vehicles | 24 | €4,964 | €2,776 | -€2,188 | -44.1% |
| Financial fixed assets | 28 | €100,645 | €100,645 | = | 0.0% |
| Current assets | 29/58 | €329,293 | €260,140 | -€69,153 | -21.0% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,790 | €2,406 | -€4,384 | -64.6% |
| Trade receivables | 40 | - | €538 | +€538 | |
| Other amounts receivable | 41 | €6,790 | €1,868 | -€4,922 | -72.5% |
| Cash at bank and in hand | 54/58 | €272,156 | €193,738 | -€78,419 | -28.8% |
| Deferred charges and accrued income | 490/1 | €346 | €13,997 | +€13,650 | +3943.5% |
| Total equity and liabilities | 10/49 | €436,465 | €364,925 | -€71,541 | -16.4% |
| Equity | 10/15 | €382,903 | €35,990 | -€346,913 | -90.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €377,903 | €30,990 | -€346,913 | -91.8% |
| Distributable reserves | 133 | €377,903 | €30,990 | -€346,913 | -91.8% |
| Amounts payable | 17/49 | €53,562 | €328,934 | +€275,372 | +514.1% |
| Amounts payable after more than one year | 17 | €21,793 | - | -€21,793 | |
| Financial debts | 170/4 | €21,793 | - | -€21,793 | |
| Amounts payable within one year | 42/48 | €31,769 | €328,934 | +€297,165 | +935.4% |
| Current portion of amounts payable after more than one year | 42 | €21,523 | €21,793 | +€270 | +1.3% |
| Trade debts | 44 | €1,506 | €1,846 | +€340 | +22.6% |
| Suppliers | 440/4 | €1,506 | €1,846 | +€340 | +22.6% |
| Taxes, remuneration and social security | 45 | €3,750 | €3,750 | = | 0.0% |
| Taxes | 450/3 | €3,750 | €3,750 | = | 0.0% |
| Other amounts payable | 47/48 | €4,990 | €301,545 | +€296,555 | +5943.6% |
| Non-recurring operating income | 76A | - | €11,242 | +€11,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €2,388 | +€226 | +10.5% |
| Other operating charges | 640/8 | €512 | €589 | +€76 | +14.9% |
| Gross operating margin | 9900 | €44,778 | €42,893 | -€1,885 | -4.2% |
| Operating profit (loss) | 9901 | €42,104 | €39,917 | -€2,187 | -5.2% |
| Financial income | 75/76B | €348,036 | €3,500 | -€344,536 | -99.0% |
| Recurring financial income | 75 | €348,036 | €3,500 | -€344,536 | -99.0% |
| Financial charges | 65/66B | €1,278 | €976 | -€302 | -23.6% |
| Recurring financial charges | 65 | €1,278 | €976 | -€302 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €388,863 | €42,441 | -€346,422 | -89.1% |
| Income taxes | 67/77 | €10,960 | €11,451 | +€491 | +4.5% |
| Profit (loss) for the period | 9904 | €377,903 | €30,990 | -€346,913 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €377,903 | €30,990 | -€346,913 | -91.8% |
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.