TRAVAKKEN: 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.
TRAVAKKEN
Largest movements
- Cash +€9,510
up €9,510 (+11.2%), from €85,037 to €94,547
mainly Net result for the year (+€66,574) and Depreciation (+€11,477)
- Receivables within one year -€9,027
down €9,027 (-28.4%), from €31,753 to €22,726
of which Trade receivables: -€4,546
- Tangible fixed assets -€8,998
down €8,998 (-27.1%), from €33,157 to €24,159
of which Furniture and vehicles: -€10,652
- Debts after one year -€9,139
down €9,139 (-49.2%), from €18,590 to €9,451
- Gross operating margin +€9,082
up €9,082 (+10.3%), from €87,904 to €96,986
- Taxes +€1,971
up €1,971 (+12.7%), from €15,519 to €17,489
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 | €151,515 | €143,093 | -€8,421 | -5.6% |
| Fixed assets | 21/28 | €33,157 | €24,159 | -€8,998 | -27.1% |
| Tangible fixed assets | 22/27 | €33,157 | €24,159 | -€8,998 | -27.1% |
| Plant, machinery and equipment | 23 | - | €1,983 | +€1,983 | |
| Furniture and vehicles | 24 | €30,777 | €20,124 | -€10,652 | -34.6% |
| Other tangible fixed assets | 26 | €2,381 | €2,052 | -€329 | -13.8% |
| Current assets | 29/58 | €118,357 | €118,934 | +€577 | +0.5% |
| Amounts receivable within one year | 40/41 | €31,753 | €22,726 | -€9,027 | -28.4% |
| Trade receivables | 40 | €27,272 | €22,726 | -€4,546 | -16.7% |
| Other amounts receivable | 41 | €4,481 | €0 | -€4,481 | -100% |
| Cash at bank and in hand | 54/58 | €85,037 | €94,547 | +€9,510 | +11.2% |
| Deferred charges and accrued income | 490/1 | €1,567 | €1,661 | +€94 | +6.0% |
| Total equity and liabilities | 10/49 | €151,515 | €143,093 | -€8,421 | -5.6% |
| Equity | 10/15 | €56,745 | €56,745 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,745 | €54,745 | = | 0.0% |
| Distributable reserves | 133 | €54,745 | €54,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,770 | €86,348 | -€8,421 | -8.9% |
| Amounts payable after more than one year | 17 | €18,590 | €9,451 | -€9,139 | -49.2% |
| Financial debts | 170/4 | €18,590 | €9,451 | -€9,139 | -49.2% |
| Amounts payable within one year | 42/48 | €76,180 | €76,897 | +€717 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €8,836 | €9,139 | +€302 | +3.4% |
| Trade debts | 44 | €368 | €10 | -€358 | -97.3% |
| Suppliers | 440/4 | €368 | €10 | -€358 | -97.3% |
| Taxes, remuneration and social security | 45 | €8,376 | €7,836 | -€540 | -6.4% |
| Taxes | 450/3 | €5,626 | €4,936 | -€690 | -12.3% |
| Remuneration and social security | 454/9 | €2,750 | €2,900 | +€150 | +5.5% |
| Other amounts payable | 47/48 | €58,600 | €59,912 | +€1,313 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,064 | €11,477 | -€587 | -4.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €87,904 | €96,986 | +€9,082 | +10.3% |
| Operating profit (loss) | 9901 | €75,335 | €84,989 | +€9,655 | +12.8% |
| Financial charges | 65/66B | €1,216 | €926 | -€290 | -23.9% |
| Recurring financial charges | 65 | €1,216 | €926 | -€290 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €74,118 | €84,063 | +€9,945 | +13.4% |
| Income taxes | 67/77 | €15,519 | €17,489 | +€1,971 | +12.7% |
| Profit (loss) for the period | 9904 | €58,600 | €66,574 | +€7,974 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,600 | €66,574 | +€7,974 | +13.6% |
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 19 October 2026 via checked.be.