TRAVECO: 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.
TRAVECO
Largest movements
- Tangible fixed assets +€16,942
new in 2024: €16,942
- Receivables within one year +€15,502
up €15,502 (+71.8%), from €21,584 to €37,086
of which Trade receivables: +€16,277
- Cash -€1,561
down €1,561 (-55.7%), from €2,802 to €1,241
mainly Investment in fixed assets (net) (-€16,942) and Receivables within one year (-€15,502)
- Other debts +€44,362
up €44,362 (+240%), from €18,477 to €62,839
- Trade debts -€11,740
no longer reported in 2024 (was €11,740)
- Profit (loss) carried forward -€1,881
down €1,881 (-14.3%), from -€13,136 to -€15,017
- Other operating charges +€20,853
up €20,853 (+23,430%), from €89 to €20,942
- Gross operating margin +€15,048
up €15,048 (+371%), from €4,056 to €19,104
- Financial charges -€2,272
down €2,272 (-98.1%), from €2,315 to €43
of which Non-recurring financial charges: -€2,217
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,386 | €55,269 | +€30,883 | +127% |
| Fixed assets | 21/28 | - | €16,942 | +€16,942 | |
| Tangible fixed assets | 22/27 | - | €16,942 | +€16,942 | |
| Furniture and vehicles | 24 | - | €16,942 | +€16,942 | |
| Current assets | 29/58 | €24,386 | €38,327 | +€13,941 | +57.2% |
| Amounts receivable within one year | 40/41 | €21,584 | €37,086 | +€15,502 | +71.8% |
| Trade receivables | 40 | €18,514 | €34,791 | +€16,277 | +87.9% |
| Other amounts receivable | 41 | €3,070 | €2,295 | -€775 | -25.2% |
| Cash at bank and in hand | 54/58 | €2,802 | €1,241 | -€1,561 | -55.7% |
| Total equity and liabilities | 10/49 | €24,386 | €55,269 | +€30,883 | +127% |
| Equity | 10/15 | -€6,316 | -€8,197 | -€1,881 | -29.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,136 | -€15,017 | -€1,881 | -14.3% |
| Amounts payable | 17/49 | €30,702 | €63,466 | +€32,764 | +107% |
| Amounts payable within one year | 42/48 | €30,702 | €63,466 | +€32,764 | +107% |
| Trade debts | 44 | €11,740 | - | -€11,740 | |
| Suppliers | 440/4 | €11,740 | - | -€11,740 | |
| Taxes, remuneration and social security | 45 | €485 | €627 | +€142 | +29.3% |
| Taxes | 450/3 | €485 | €627 | +€142 | +29.3% |
| Other amounts payable | 47/48 | €18,477 | €62,839 | +€44,362 | +240% |
| Other operating charges | 640/8 | €89 | €20,942 | +€20,853 | +23,430% |
| Gross operating margin | 9900 | €4,056 | €19,104 | +€15,048 | +371% |
| Operating profit (loss) | 9901 | €3,967 | -€1,838 | -€5,805 | |
| Financial charges | 65/66B | €2,315 | €43 | -€2,272 | -98.1% |
| Recurring financial charges | 65 | €98 | €43 | -€55 | -56.1% |
| Non-recurring financial charges | 66B | €2,217 | - | -€2,217 | |
| Profit (loss) for the period before taxes | 9903 | €1,652 | -€1,881 | -€3,533 | |
| Profit (loss) for the period | 9904 | €1,652 | -€1,881 | -€3,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,652 | -€1,881 | -€3,533 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.