TRAVECOR: what changed
Two fiscal 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.
TRAVECOR
Largest movements
- Stocks and contracts +€196,261
up €196,261 (+41.0%), from €478,355 to €674,616
- Cash +€130,973
up €130,973 (+347.8%), from €37,657 to €168,629
mainly Other debts (+€420,011) and Receivables within one year (+€77,864)
- Receivables within one year -€77,864
down €77,864 (-40.7%), from €191,454 to €113,590
of which Trade receivables: -€76,846
- Tangible fixed assets +€12,058
up €12,058 (+5.5%), from €220,508 to €232,566
of which Furniture and vehicles: +€27,319
- Other debts +€420,011
up €420,011 (+587.8%), from €71,450 to €491,461
- Trade debts -€85,669
down €85,669 (-51.1%), from €167,647 to €81,978
- Tax, wage and social debts -€46,014
down €46,014 (-55.7%), from €82,616 to €36,602
of which Remuneration and social security: -€35,433
- Short-term financial debts -€16,408
down €16,408 (-5.2%), from €316,408 to €300,000
- Reserves -€14,262
down €14,262 (-10.3%), from €138,989 to €124,727
- Staff costs -€129,053
down €129,053 (-39.8%), from €324,292 to €195,239
- Gross operating margin -€100,169
down €100,169 (-26.5%), from €377,533 to €277,363
- Write-downs +€15,254
new in 2025: €15,254
- Financial charges +€7,975
up €7,975 (+28.4%), from €28,048 to €36,023
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 | €933,294 | €1,194,356 | +€261,063 | +28.0% |
| Fixed assets | 21/28 | €220,508 | €232,566 | +€12,058 | +5.5% |
| Tangible fixed assets | 22/27 | €220,508 | €232,566 | +€12,058 | +5.5% |
| Land and buildings | 22 | €200,840 | €192,560 | -€8,280 | -4.1% |
| Plant, machinery and equipment | 23 | - | €1,000 | +€1,000 | |
| Furniture and vehicles | 24 | €0 | €27,319 | +€27,319 | |
| Leasing and similar rights | 25 | €19,668 | €11,688 | -€7,980 | -40.6% |
| Current assets | 29/58 | €712,786 | €961,790 | +€249,004 | +34.9% |
| Stocks and contracts in progress | 3 | €478,355 | €674,616 | +€196,261 | +41.0% |
| Stocks | 30/36 | €478,355 | €674,616 | +€196,261 | +41.0% |
| Amounts receivable within one year | 40/41 | €191,454 | €113,590 | -€77,864 | -40.7% |
| Trade receivables | 40 | €190,435 | €113,590 | -€76,846 | -40.4% |
| Other amounts receivable | 41 | €1,019 | €0 | -€1,019 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,657 | €168,629 | +€130,973 | +347.8% |
| Deferred charges and accrued income | 490/1 | €5,320 | €4,955 | -€365 | -6.9% |
| Total equity and liabilities | 10/49 | €933,294 | €1,194,356 | +€261,063 | +28.0% |
| Equity | 10/15 | €199,875 | €185,613 | -€14,262 | -7.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €10,886 | €10,886 | = | 0.0% |
| Reserves | 13 | €138,989 | €124,727 | -€14,262 | -10.3% |
| Distributable reserves | 133 | €138,989 | €124,727 | -€14,262 | -10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €733,419 | €1,008,744 | +€275,325 | +37.5% |
| Amounts payable after more than one year | 17 | €81,794 | €77,565 | -€4,229 | -5.2% |
| Financial debts | 170/4 | €81,794 | €77,565 | -€4,229 | -5.2% |
| Amounts payable within one year | 42/48 | €647,439 | €913,310 | +€265,871 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €9,319 | €3,270 | -€6,049 | -64.9% |
| Financial debts | 43 | €316,408 | €300,000 | -€16,408 | -5.2% |
| Credit institutions | 430/8 | €316,408 | €300,000 | -€16,408 | -5.2% |
| Trade debts | 44 | €167,647 | €81,978 | -€85,669 | -51.1% |
| Suppliers | 440/4 | €167,647 | €81,978 | -€85,669 | -51.1% |
| Taxes, remuneration and social security | 45 | €82,616 | €36,602 | -€46,014 | -55.7% |
| Taxes | 450/3 | €35,971 | €25,389 | -€10,581 | -29.4% |
| Remuneration and social security | 454/9 | €46,645 | €11,212 | -€35,433 | -76.0% |
| Other amounts payable | 47/48 | €71,450 | €491,461 | +€420,011 | +587.8% |
| Accrued charges and deferred income | 492/3 | €4,186 | €17,869 | +€13,683 | +326.9% |
| Remuneration, social security and pensions | 62 | €324,292 | €195,239 | -€129,053 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,488 | €18,117 | +€629 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,254 | +€15,254 | |
| Other operating charges | 640/8 | €4,931 | €8,311 | +€3,380 | +68.6% |
| Gross operating margin | 9900 | €377,533 | €277,363 | -€100,169 | -26.5% |
| Operating profit (loss) | 9901 | €30,822 | €40,443 | +€9,621 | +31.2% |
| Financial income | 75/76B | €105 | €310 | +€205 | +194.8% |
| Recurring financial income | 75 | €105 | €310 | +€205 | +194.8% |
| Financial charges | 65/66B | €28,048 | €36,023 | +€7,975 | +28.4% |
| Recurring financial charges | 65 | €28,048 | €36,023 | +€7,975 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €2,879 | €4,730 | +€1,851 | +64.3% |
| Income taxes | 67/77 | €1,981 | €2,924 | +€943 | +47.6% |
| Profit (loss) for the period | 9904 | €897 | €1,806 | +€908 | +101.2% |
| Profit (loss) for the period to be appropriated | 9905 | €897 | €1,806 | +€908 | +101.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.