TRAVAUX: 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.
What changed
TRAVAUX
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€16,920
2024 · €16,897+€23
Equity
€13.8m
2024 · €13.9m-€83,080
Cash
€57,794
2024 · €64,679-€6,885
Balance sheet total
€14.4m
2024 · €14.5m-€152,806
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover +€123,450
new in 2025: €123,450
- Services and other goods +€101,866
new in 2025: €101,866
- Gross operating margin -€35,550
no longer reported in 2025 (was €35,550)
- Other operating income +€12,440
new in 2025: €12,440
- Taxes -€1,471
down €1,471 (-24.6%), from €5,970 to €4,499
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.
Result 2024
€16,897
Turnover
+€123,450
Other operating income
+€12,440
Services and other goods
-€101,866
Depreciation
+€37
Other operating charges
-€53
Other operating items
-€35,550
Financial income
+€28
Financial charges
+€67
Taxes
+€1,471
Result 2025
€16,920
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.
From operations
+€93,115
Investment
€0
Financing
-€100,000
Cash 2024
€64,679
From operations (derived)
+€93,115
Net result for the year
+€16,920
Depreciation
+€10,421
Receivables within one year
+€135,500
Trade debts
+€5,187
Tax, wage and social debts
+€5,120
Other debts
-€80,033
Financing
-€100,000
Contributions, distributions and other
-€100,000
Cash 2025
€57,794
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,515,059 | €14,362,252 | -€152,806 | -1.1% |
| Fixed assets | 21/28 | €14,018,159 | €14,007,737 | -€10,421 | -0.1% |
| Tangible fixed assets | 22/27 | €20,958 | €10,537 | -€10,421 | -49.7% |
| Furniture and vehicles | 24 | €20,958 | €10,537 | -€10,421 | -49.7% |
| Financial fixed assets | 28 | €13,997,200 | €13,997,200 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €13,997,200 | +€14.0m | |
| Shares | 284 | - | €13,997,200 | +€14.0m | |
| Current assets | 29/58 | €496,900 | €354,515 | -€142,385 | -28.7% |
| Amounts receivable within one year | 40/41 | €432,221 | €296,721 | -€135,500 | -31.3% |
| Trade receivables | 40 | €12,221 | €12,221 | = | 0.0% |
| Other amounts receivable | 41 | €420,000 | €284,500 | -€135,500 | -32.3% |
| Cash at bank and in hand | 54/58 | €64,679 | €57,794 | -€6,885 | -10.6% |
| Total equity and liabilities | 10/49 | €14,515,059 | €14,362,252 | -€152,806 | -1.1% |
| Equity | 10/15 | €13,871,450 | €13,788,371 | -€83,080 | -0.6% |
| Contributions | 10/11 | €2,568,550 | €2,568,550 | = | 0.0% |
| Reserves | 13 | €8,978,423 | €8,978,423 | = | 0.0% |
| Distributable reserves | 133 | €8,978,423 | €8,978,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,324,478 | €2,241,398 | -€83,080 | -3.6% |
| Amounts payable | 17/49 | €643,608 | €573,882 | -€69,726 | -10.8% |
| Amounts payable within one year | 42/48 | €643,608 | €573,882 | -€69,726 | -10.8% |
| Trade debts | 44 | €6,047 | €11,234 | +€5,187 | +85.8% |
| Suppliers | 440/4 | €6,047 | €11,234 | +€5,187 | +85.8% |
| Taxes, remuneration and social security | 45 | €36,436 | €41,556 | +€5,120 | +14.1% |
| Taxes | 450/3 | €31,004 | €37,276 | +€6,272 | +20.2% |
| Remuneration and social security | 454/9 | €5,432 | €4,280 | -€1,152 | -21.2% |
| Other amounts payable | 47/48 | €601,125 | €521,092 | -€80,033 | -13.3% |
| Operating income | 70/76A | - | €135,890 | +€135,890 | |
| Turnover | 70 | - | €123,450 | +€123,450 | |
| Other operating income | 74 | - | €12,440 | +€12,440 | |
| Operating charges | 60/66A | - | €114,133 | +€114,133 | |
| Services and other goods | 61 | - | €101,866 | +€101,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,458 | €10,421 | -€37 | -0.3% |
| Other operating charges | 640/8 | €1,793 | €1,846 | +€53 | +3.0% |
| Gross operating margin | 9900 | €35,550 | - | -€35,550 | |
| Operating profit (loss) | 9901 | €23,299 | €21,757 | -€1,542 | -6.6% |
| Financial income | 75/76B | €21 | €49 | +€28 | +136.3% |
| Recurring financial income | 75 | €21 | €49 | +€28 | +136.3% |
| Income from financial fixed assets | 750 | - | €49 | +€49 | |
| Financial charges | 65/66B | €453 | €386 | -€67 | -14.7% |
| Recurring financial charges | 65 | €453 | €386 | -€67 | -14.7% |
| Debt charges | 650 | - | €386 | +€386 | |
| Profit (loss) for the period before taxes | 9903 | €22,867 | €21,419 | -€1,448 | -6.3% |
| Income taxes | 67/77 | €5,970 | €4,499 | -€1,471 | -24.6% |
| Taxes | 670/3 | - | €4,499 | +€4,499 | |
| Profit (loss) for the period | 9904 | €16,897 | €16,920 | +€23 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,897 | €16,920 | +€23 | +0.1% |
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.