TRAVANDE: 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.
TRAVANDE
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-44.4%), from €45,000 to €25,000
- Cash +€19,802
up €19,802 (+34.6%), from €57,297 to €77,099
mainly Trade debts (+€68,623) and Depreciation (+€58,229)
- Receivables within one year -€14,273
down €14,273 (-11.3%), from €126,706 to €112,433
of which Trade receivables: -€10,920
- Stocks and contracts +€13,476
up €13,476 (+27.2%), from €49,606 to €63,082
- Tangible fixed assets +€13,202
up €13,202 (+7.3%), from €181,216 to €194,418
of which Furniture and vehicles: +€25,312
- Other debts -€139,207
down €139,207 (-98.1%), from €141,927 to €2,720
- Trade debts +€68,623
up €68,623 (+384%), from €17,863 to €86,486
- Profit (loss) carried forward +€43,313
up €43,313 (+34.1%), from €127,078 to €170,391
- Tax, wage and social debts +€34,103
up €34,103, from €0 to €34,103
of which Remuneration and social security: +€33,812
- Debts after one year +€21,000
up €21,000 (+14.1%), from €149,000 to €170,000
- Gross operating margin +€28,653
up €28,653 (+28.3%), from €101,211 to €129,864
- Taxes +€7,905
up €7,905 (+122%), from €6,497 to €14,402
- Depreciation +€7,263
up €7,263 (+14.2%), from €50,967 to €58,229
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 | €470,385 | €485,699 | +€15,314 | +3.3% |
| Fixed assets | 21/28 | €226,486 | €219,688 | -€6,798 | -3.0% |
| Intangible fixed assets | 21 | €45,000 | €25,000 | -€20,000 | -44.4% |
| Tangible fixed assets | 22/27 | €181,216 | €194,418 | +€13,202 | +7.3% |
| Plant, machinery and equipment | 23 | €59,449 | €50,134 | -€9,314 | -15.7% |
| Furniture and vehicles | 24 | €91,548 | €116,860 | +€25,312 | +27.6% |
| Other tangible fixed assets | 26 | €30,219 | €27,424 | -€2,795 | -9.3% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €243,900 | €266,011 | +€22,112 | +9.1% |
| Stocks and contracts in progress | 3 | €49,606 | €63,082 | +€13,476 | +27.2% |
| Stocks | 30/36 | €49,606 | €63,082 | +€13,476 | +27.2% |
| Amounts receivable within one year | 40/41 | €126,706 | €112,433 | -€14,273 | -11.3% |
| Trade receivables | 40 | €93,010 | €82,090 | -€10,920 | -11.7% |
| Other amounts receivable | 41 | €33,696 | €30,343 | -€3,353 | -10.0% |
| Cash at bank and in hand | 54/58 | €57,297 | €77,099 | +€19,802 | +34.6% |
| Deferred charges and accrued income | 490/1 | €10,290 | €13,398 | +€3,108 | +30.2% |
| Total equity and liabilities | 10/49 | €470,385 | €485,699 | +€15,314 | +3.3% |
| Equity | 10/15 | €149,078 | €192,391 | +€43,313 | +29.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,078 | €170,391 | +€43,313 | +34.1% |
| Amounts payable | 17/49 | €321,308 | €293,309 | -€27,999 | -8.7% |
| Amounts payable after more than one year | 17 | €149,000 | €170,000 | +€21,000 | +14.1% |
| Financial debts | 170/4 | €149,000 | €170,000 | +€21,000 | +14.1% |
| Amounts payable within one year | 42/48 | €172,308 | €123,309 | -€48,999 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €12,518 | €0 | -€12,518 | -100% |
| Trade debts | 44 | €17,863 | €86,486 | +€68,623 | +384% |
| Suppliers | 440/4 | €17,863 | €86,486 | +€68,623 | +384% |
| Taxes, remuneration and social security | 45 | €0 | €34,103 | +€34,103 | |
| Taxes | 450/3 | €0 | €291 | +€291 | |
| Remuneration and social security | 454/9 | - | €33,812 | +€33,812 | |
| Other amounts payable | 47/48 | €141,927 | €2,720 | -€139,207 | -98.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,967 | €58,229 | +€7,263 | +14.2% |
| Other operating charges | 640/8 | €4,623 | €3,753 | -€870 | -18.8% |
| Gross operating margin | 9900 | €101,211 | €129,864 | +€28,653 | +28.3% |
| Operating profit (loss) | 9901 | €45,621 | €67,882 | +€22,261 | +48.8% |
| Financial income | 75/76B | €190 | €577 | +€387 | +204% |
| Recurring financial income | 75 | €190 | €577 | +€387 | +204% |
| Financial charges | 65/66B | €10,416 | €10,744 | +€328 | +3.2% |
| Recurring financial charges | 65 | €10,416 | €10,744 | +€328 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €35,395 | €57,715 | +€22,319 | +63.1% |
| Income taxes | 67/77 | €6,497 | €14,402 | +€7,905 | +122% |
| Profit (loss) for the period | 9904 | €28,898 | €43,313 | +€14,415 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,898 | €43,313 | +€14,415 | +49.9% |
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.