TRAVEL LAB: 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.
TRAVEL LAB
Largest movements
- Receivables within one year +€273,623
up €273,623 (+255%), from €107,489 to €381,112
of which Trade receivables: +€259,484
- Cash +€228,014
up €228,014 (+18.7%), from €1.2m to €1.4m
mainly Trade debts (+€702,047) and Net result for the year (+€604,476)
- Financial fixed assets +€53,000
up €53,000 (+285%), from €18,627 to €71,627
- Trade debts +€702,047
up €702,047 (+477%), from €147,082 to €849,129
- Accrued charges and deferred income -€103,255
down €103,255 (-10.9%), from €946,907 to €843,651
- Other debts -€39,127
down €39,127 (-6.0%), from €653,980 to €614,853
- Gross operating margin -€113,487
down €113,487 (-12.4%), from €918,206 to €804,719
- Taxes -€28,798
down €28,798 (-88.5%), from €32,545 to €3,747
- Staff costs +€23,350
up €23,350 (+15.2%), from €153,630 to €176,979
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 | €1,964,809 | €2,531,753 | +€566,944 | +28.9% |
| Fixed assets | 21/28 | €32,816 | €80,823 | +€48,007 | +146% |
| Tangible fixed assets | 22/27 | €14,188 | €9,195 | -€4,993 | -35.2% |
| Plant, machinery and equipment | 23 | €836 | €410 | -€425 | -50.9% |
| Furniture and vehicles | 24 | €13,353 | €8,785 | -€4,568 | -34.2% |
| Financial fixed assets | 28 | €18,627 | €71,627 | +€53,000 | +285% |
| Current assets | 29/58 | €1,931,993 | €2,450,931 | +€518,937 | +26.9% |
| Amounts receivable within one year | 40/41 | €107,489 | €381,112 | +€273,623 | +255% |
| Trade receivables | 40 | €88,165 | €347,648 | +€259,484 | +294% |
| Other amounts receivable | 41 | €19,324 | €33,464 | +€14,139 | +73.2% |
| Cash at bank and in hand | 54/58 | €1,220,027 | €1,448,041 | +€228,014 | +18.7% |
| Deferred charges and accrued income | 490/1 | €604,478 | €621,777 | +€17,300 | +2.9% |
| Total equity and liabilities | 10/49 | €1,964,809 | €2,531,753 | +€566,944 | +28.9% |
| Equity | 10/15 | €180,672 | €185,148 | +€4,476 | +2.5% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €42,100 | €42,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,572 | €73,048 | +€4,476 | +6.5% |
| Amounts payable | 17/49 | €1,784,137 | €2,346,605 | +€562,468 | +31.5% |
| Amounts payable within one year | 42/48 | €837,231 | €1,502,954 | +€665,723 | +79.5% |
| Trade debts | 44 | €147,082 | €849,129 | +€702,047 | +477% |
| Suppliers | 440/4 | €147,082 | €849,129 | +€702,047 | +477% |
| Taxes, remuneration and social security | 45 | €36,169 | €38,972 | +€2,803 | +7.8% |
| Taxes | 450/3 | €14,732 | €11,276 | -€3,457 | -23.5% |
| Remuneration and social security | 454/9 | €21,437 | €27,697 | +€6,260 | +29.2% |
| Other amounts payable | 47/48 | €653,980 | €614,853 | -€39,127 | -6.0% |
| Accrued charges and deferred income | 492/3 | €946,907 | €843,651 | -€103,255 | -10.9% |
| Remuneration, social security and pensions | 62 | €153,630 | €176,979 | +€23,350 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,356 | €8,521 | +€165 | +2.0% |
| Other operating charges | 640/8 | €968 | €1,644 | +€676 | +69.9% |
| Gross operating margin | 9900 | €918,206 | €804,719 | -€113,487 | -12.4% |
| Operating profit (loss) | 9901 | €755,253 | €617,575 | -€137,679 | -18.2% |
| Financial income | 75/76B | €4,431 | €2,717 | -€1,714 | -38.7% |
| Recurring financial income | 75 | €4,431 | €2,717 | -€1,714 | -38.7% |
| Financial charges | 65/66B | €10,690 | €12,068 | +€1,378 | +12.9% |
| Recurring financial charges | 65 | €10,690 | €12,068 | +€1,378 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €748,994 | €608,224 | -€140,771 | -18.8% |
| Income taxes | 67/77 | €32,545 | €3,747 | -€28,798 | -88.5% |
| Profit (loss) for the period | 9904 | €716,449 | €604,476 | -€111,973 | -15.6% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €674,349 | €604,476 | -€69,873 | -10.4% |
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 19 October 2026 via checked.be.