TRAVALGOS: 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.
TRAVALGOS
Largest movements
- Receivables within one year -€116,584
down €116,584 (-92.9%), from €125,440 to €8,856
of which Trade receivables: -€116,629
- Deferred charges and accrued income +€45,487
new in 2025: €45,487
- Tangible fixed assets +€22,082
up €22,082 (+21.8%), from €101,104 to €123,186
of which Furniture and vehicles: +€29,112
- Trade debts -€83,793
down €83,793 (-67.9%), from €123,457 to €39,664
- Debts after one year +€39,684
up €39,684 (+94.2%), from €42,132 to €81,817
- Profit (loss) carried forward -€9,440
new in 2025: -€9,440
- Current portion of long-term debt +€4,945
up €4,945 (+24.2%), from €20,426 to €25,370
- Gross operating margin +€38,220
up €38,220 (+54.9%), from €69,564 to €107,785
- Depreciation +€28,443
up €28,443 (+109.4%), from €26,008 to €54,452
- Staff costs +€26,969
up €26,969 (+94.3%), from €28,602 to €55,571
- Write-downs -€3,870
no longer reported in 2025 (was €3,870)
- Financial charges +€2,041
up €2,041 (+54.7%), from €3,732 to €5,773
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 | €234,756 | €185,774 | -€48,982 | -20.9% |
| Fixed assets | 21/28 | €101,104 | €123,186 | +€22,082 | +21.8% |
| Tangible fixed assets | 22/27 | €101,104 | €123,186 | +€22,082 | +21.8% |
| Land and buildings | 22 | €3,557 | €2,357 | -€1,200 | -33.7% |
| Plant, machinery and equipment | 23 | €23,771 | €17,942 | -€5,829 | -24.5% |
| Furniture and vehicles | 24 | €73,775 | €102,887 | +€29,112 | +39.5% |
| Current assets | 29/58 | €133,652 | €62,588 | -€71,065 | -53.2% |
| Amounts receivable within one year | 40/41 | €125,440 | €8,856 | -€116,584 | -92.9% |
| Trade receivables | 40 | €122,091 | €5,462 | -€116,629 | -95.5% |
| Other amounts receivable | 41 | €3,349 | €3,394 | +€45 | +1.3% |
| Cash at bank and in hand | 54/58 | €8,213 | €8,245 | +€32 | +0.4% |
| Deferred charges and accrued income | 490/1 | - | €45,487 | +€45,487 | |
| Total equity and liabilities | 10/49 | €234,756 | €185,774 | -€48,982 | -20.9% |
| Equity | 10/15 | €37,150 | €27,709 | -€9,440 | -25.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,150 | €27,150 | = | 0.0% |
| Distributable reserves | 133 | €27,150 | €27,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,440 | -€9,440 | |
| Amounts payable | 17/49 | €197,607 | €158,065 | -€39,542 | -20.0% |
| Amounts payable after more than one year | 17 | €42,132 | €81,817 | +€39,684 | +94.2% |
| Financial debts | 170/4 | €42,132 | €81,817 | +€39,684 | +94.2% |
| Amounts payable within one year | 42/48 | €155,474 | €76,248 | -€79,226 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €20,426 | €25,370 | +€4,945 | +24.2% |
| Trade debts | 44 | €123,457 | €39,664 | -€83,793 | -67.9% |
| Suppliers | 440/4 | €123,457 | €39,664 | -€83,793 | -67.9% |
| Taxes, remuneration and social security | 45 | €11,591 | €11,213 | -€378 | -3.3% |
| Taxes | 450/3 | €11,591 | €11,213 | -€378 | -3.3% |
| Remuneration, social security and pensions | 62 | €28,602 | €55,571 | +€26,969 | +94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,008 | €54,452 | +€28,443 | +109.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,870 | - | -€3,870 | |
| Other operating charges | 640/8 | €926 | €1,508 | +€582 | +62.8% |
| Gross operating margin | 9900 | €69,564 | €107,785 | +€38,220 | +54.9% |
| Operating profit (loss) | 9901 | €10,158 | -€3,745 | -€13,903 | |
| Financial income | 75/76B | €44 | €78 | +€34 | +78.5% |
| Recurring financial income | 75 | €44 | €78 | +€34 | +78.5% |
| Financial charges | 65/66B | €3,732 | €5,773 | +€2,041 | +54.7% |
| Recurring financial charges | 65 | €3,732 | €5,773 | +€2,041 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €6,470 | -€9,440 | -€15,911 | |
| Income taxes | 67/77 | €115 | - | -€115 | |
| Profit (loss) for the period | 9904 | €6,355 | -€9,440 | -€15,796 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,355 | -€9,440 | -€15,796 |
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 9 October 2026 via checked.be.