TRAVEL MEDIA: what changed
TRAVEL MEDIA
Largest movements
- Cash -€37,153
down €37,153 (-49.8%), from €74,664 to €37,511
mainly Net result for the year (-€37,755) and Trade debts (-€7,057)
- Tangible fixed assets -€6,243
down €6,243 (-47.7%), from €13,101 to €6,858
- Receivables within one year -€2,130
down €2,130 (-25.8%), from €8,258 to €6,128
of which Trade receivables: -€2,042
- Profit (loss) carried forward -€37,755
down €37,755, from €11,794 to -€25,961
- Trade debts -€7,057
down €7,057 (-89.5%), from €7,882 to €825
- Gross operating margin -€56,824
down €56,824, from €25,819 to -€31,005
- Taxes -€1,423
no longer reported in 2025 (was €1,423)
- Depreciation +€1,146
up €1,146 (+21.9%), from €5,240 to €6,386
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,451 | €50,783 | -€45,668 | -47.3% |
| Formation expenses | 20 | €428 | €286 | -€142 | -33.2% |
| Fixed assets | 21/28 | €13,101 | €6,858 | -€6,243 | -47.7% |
| Tangible fixed assets | 22/27 | €13,101 | €6,858 | -€6,243 | -47.7% |
| Furniture and vehicles | 24 | €13,101 | €6,858 | -€6,243 | -47.7% |
| Current assets | 29/58 | €82,922 | €43,639 | -€39,283 | -47.4% |
| Amounts receivable within one year | 40/41 | €8,258 | €6,128 | -€2,130 | -25.8% |
| Trade receivables | 40 | €7,563 | €5,521 | -€2,042 | -27.0% |
| Other amounts receivable | 41 | €695 | €607 | -€88 | -12.7% |
| Cash at bank and in hand | 54/58 | €74,664 | €37,511 | -€37,153 | -49.8% |
| Total equity and liabilities | 10/49 | €96,451 | €50,783 | -€45,668 | -47.3% |
| Equity | 10/15 | €81,794 | €44,039 | -€37,755 | -46.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €66,000 | €66,000 | = | 0.0% |
| Distributable reserves | 133 | €66,000 | €66,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,794 | -€25,961 | -€37,755 | |
| Amounts payable | 17/49 | €14,657 | €6,744 | -€7,913 | -54.0% |
| Amounts payable within one year | 42/48 | €14,652 | €6,523 | -€8,129 | -55.5% |
| Financial debts | 43 | €933 | - | -€933 | |
| Credit institutions | 430/8 | €933 | - | -€933 | |
| Trade debts | 44 | €7,882 | €825 | -€7,057 | -89.5% |
| Suppliers | 440/4 | €7,882 | €825 | -€7,057 | -89.5% |
| Taxes, remuneration and social security | 45 | €5,697 | €5,698 | +€1 | 0.0% |
| Taxes | 450/3 | €5,697 | €5,698 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €140 | - | -€140 | |
| Accrued charges and deferred income | 492/3 | €5 | €221 | +€216 | +4,320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,240 | €6,386 | +€1,146 | +21.9% |
| Other operating charges | 640/8 | - | €244 | +€244 | |
| Gross operating margin | 9900 | €25,819 | -€31,005 | -€56,824 | |
| Operating profit (loss) | 9901 | €20,579 | -€37,635 | -€58,214 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €94 | €120 | +€26 | +27.7% |
| Recurring financial charges | 65 | €94 | €120 | +€26 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €20,487 | -€37,755 | -€58,242 | |
| Income taxes | 67/77 | €1,423 | - | -€1,423 | |
| Profit (loss) for the period | 9904 | €19,064 | -€37,755 | -€56,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,064 | -€37,755 | -€56,819 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.