TRAVEE: 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.
TRAVEE
Largest movements
- Cash +€52,821
up €52,821 (+86.3%), from €61,217 to €114,038
mainly Net result for the year (+€169,195) and Other debts (+€133,324)
- Other debts +€133,324
up €133,324 (+8739.9%), from €1,525 to €134,850
- Debts after one year -€83,170
down €83,170 (-19.5%), from €427,437 to €344,266
- Profit (loss) carried forward +€32,832
up €32,832 (+5.4%), from €610,171 to €643,002
- Current portion of long-term debt -€27,600
no longer reported in 2025 (was €27,600)
- Financial income +€81,704
up €81,704 (+141.8%), from €57,603 to €139,308
- Gross operating margin -€47,222
down €47,222 (-36.1%), from €130,722 to €83,500
- Financial charges -€13,118
down €13,118 (-91.2%), from €14,391 to €1,273
- Taxes +€4,108
up €4,108 (+16.9%), from €24,249 to €28,357
- Depreciation +€1,396
up €1,396 (+7.3%), from €19,226 to €20,622
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 | €2,100,504 | €2,149,945 | +€49,441 | +2.4% |
| Fixed assets | 21/28 | €1,788,630 | €1,780,878 | -€7,753 | -0.4% |
| Tangible fixed assets | 22/27 | €174,313 | €166,560 | -€7,753 | -4.4% |
| Land and buildings | 22 | €145,480 | €131,880 | -€13,599 | -9.3% |
| Plant, machinery and equipment | 23 | €17,480 | €26,811 | +€9,332 | +53.4% |
| Furniture and vehicles | 24 | €11,353 | €7,868 | -€3,485 | -30.7% |
| Financial fixed assets | 28 | €1,614,317 | €1,614,317 | = | 0.0% |
| Current assets | 29/58 | €311,874 | €369,067 | +€57,193 | +18.3% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €3,184 | +€3,184 | |
| Trade receivables | 40 | - | €2,904 | +€2,904 | |
| Other amounts receivable | 41 | - | €280 | +€280 | |
| Cash at bank and in hand | 54/58 | €61,217 | €114,038 | +€52,821 | +86.3% |
| Deferred charges and accrued income | 490/1 | €657 | €1,846 | +€1,188 | +180.8% |
| Total equity and liabilities | 10/49 | €2,100,504 | €2,149,945 | +€49,441 | +2.4% |
| Equity | 10/15 | €1,605,414 | €1,638,104 | +€32,690 | +2.0% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Outside capital | 11 | €495,787 | €495,787 | = | 0.0% |
| Other | 1109/19 | €495,787 | €495,787 | = | 0.0% |
| Reserves | 13 | €499,456 | €499,314 | -€142 | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49,579 | €49,579 | = | 0.0% |
| Distributable reserves | 133 | €449,878 | €449,735 | -€142 | 0.0% |
| Profit (loss) carried forward | 14 | €610,171 | €643,002 | +€32,832 | +5.4% |
| Amounts payable | 17/49 | €495,090 | €511,841 | +€16,751 | +3.4% |
| Amounts payable after more than one year | 17 | €427,437 | €344,266 | -€83,170 | -19.5% |
| Financial debts | 170/4 | €427,437 | €344,266 | -€83,170 | -19.5% |
| Amounts payable within one year | 42/48 | €59,252 | €167,554 | +€108,303 | +182.8% |
| Current portion of amounts payable after more than one year | 42 | €27,600 | - | -€27,600 | |
| Trade debts | 44 | €16,372 | €10,668 | -€5,704 | -34.8% |
| Suppliers | 440/4 | €16,372 | €10,668 | -€5,704 | -34.8% |
| Taxes, remuneration and social security | 45 | €13,754 | €22,037 | +€8,283 | +60.2% |
| Taxes | 450/3 | €13,754 | €22,037 | +€8,283 | +60.2% |
| Other amounts payable | 47/48 | €1,525 | €134,850 | +€133,324 | +8739.9% |
| Accrued charges and deferred income | 492/3 | €8,402 | €20 | -€8,381 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,226 | €20,622 | +€1,396 | +7.3% |
| Other operating charges | 640/8 | €3,260 | €3,361 | +€101 | +3.1% |
| Gross operating margin | 9900 | €130,722 | €83,500 | -€47,222 | -36.1% |
| Operating profit (loss) | 9901 | €108,236 | €59,517 | -€48,719 | -45.0% |
| Financial income | 75/76B | €57,603 | €139,308 | +€81,704 | +141.8% |
| Recurring financial income | 75 | €57,603 | €139,308 | +€81,704 | +141.8% |
| Financial charges | 65/66B | €14,391 | €1,273 | -€13,118 | -91.2% |
| Recurring financial charges | 65 | €14,391 | €1,273 | -€13,118 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €151,448 | €197,552 | +€46,104 | +30.4% |
| Income taxes | 67/77 | €24,249 | €28,357 | +€4,108 | +16.9% |
| Profit (loss) for the period | 9904 | €127,199 | €169,195 | +€41,996 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,199 | €169,195 | +€41,996 | +33.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.