TRAVARO: 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.
TRAVARO
Largest movements
- Cash -€80,679
down €80,679 (-25.9%), from €310,996 to €230,317
mainly Other debts (-€165,717) and Contributions, distributions and other (-€61,400)
- Receivables within one year -€74,799
down €74,799 (-54.8%), from €136,385 to €61,586
of which Trade receivables: -€68,099
- Tangible fixed assets -€58,200
down €58,200 (-52.1%), from €111,616 to €53,416
- Other debts -€165,717
down €165,717 (-73.7%), from €224,717 to €59,000
- Trade debts -€26,712
down €26,712 (-73.6%), from €36,282 to €9,569
- Profit (loss) carried forward -€17,345
down €17,345 (-95.5%), from €18,153 to €808
- Gross operating margin +€45,756
up €45,756 (+10.3%), from €442,680 to €488,436
- Taxes +€16,974
up €16,974, from -€2,872 to €14,102
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 | €578,993 | €363,852 | -€215,141 | -37.2% |
| Fixed assets | 21/28 | €112,156 | €53,956 | -€58,200 | -51.9% |
| Tangible fixed assets | 22/27 | €111,616 | €53,416 | -€58,200 | -52.1% |
| Furniture and vehicles | 24 | €111,616 | €53,416 | -€58,200 | -52.1% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €466,837 | €309,895 | -€156,941 | -33.6% |
| Amounts receivable within one year | 40/41 | €136,385 | €61,586 | -€74,799 | -54.8% |
| Trade receivables | 40 | €128,685 | €60,586 | -€68,099 | -52.9% |
| Other amounts receivable | 41 | €7,700 | €1,000 | -€6,700 | -87.0% |
| Cash at bank and in hand | 54/58 | €310,996 | €230,317 | -€80,679 | -25.9% |
| Deferred charges and accrued income | 490/1 | €19,455 | €17,992 | -€1,463 | -7.5% |
| Total equity and liabilities | 10/49 | €578,993 | €363,852 | -€215,141 | -37.2% |
| Equity | 10/15 | €280,453 | €260,708 | -€19,745 | -7.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €57,500 | €57,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,153 | €808 | -€17,345 | -95.5% |
| Investment grants | 15 | €4,800 | €2,400 | -€2,400 | -50.0% |
| Amounts payable | 17/49 | €298,540 | €103,144 | -€195,396 | -65.5% |
| Amounts payable within one year | 42/48 | €298,540 | €103,144 | -€195,396 | -65.5% |
| Trade debts | 44 | €36,282 | €9,569 | -€26,712 | -73.6% |
| Suppliers | 440/4 | €36,282 | €9,569 | -€26,712 | -73.6% |
| Taxes, remuneration and social security | 45 | €37,541 | €34,574 | -€2,967 | -7.9% |
| Taxes | 450/3 | €10,113 | €9,507 | -€607 | -6.0% |
| Remuneration and social security | 454/9 | €27,428 | €25,068 | -€2,360 | -8.6% |
| Other amounts payable | 47/48 | €224,717 | €59,000 | -€165,717 | -73.7% |
| Remuneration, social security and pensions | 62 | €371,732 | €373,614 | +€1,882 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,200 | €58,200 | = | 0.0% |
| Other operating charges | 640/8 | €2,342 | €2,698 | +€356 | +15.2% |
| Gross operating margin | 9900 | €442,680 | €488,436 | +€45,756 | +10.3% |
| Operating profit (loss) | 9901 | €10,406 | €53,925 | +€43,518 | +418% |
| Financial income | 75/76B | €2,400 | €2,400 | = | 0.0% |
| Recurring financial income | 75 | €2,400 | €2,400 | = | 0.0% |
| Financial charges | 65/66B | €1,620 | €568 | -€1,052 | -64.9% |
| Recurring financial charges | 65 | €1,620 | €568 | -€1,052 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €11,187 | €55,757 | +€44,570 | +398% |
| Income taxes | 67/77 | -€2,872 | €14,102 | +€16,974 | |
| Profit (loss) for the period | 9904 | €14,059 | €41,655 | +€27,596 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €14,059 | €41,655 | +€27,596 | +196% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.