TRAVEL PHARMA: 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 PHARMA
Largest movements
- Receivables within one year +€71,529
up €71,529 (+1,247%), from €5,736 to €77,265
of which Other amounts receivable: +€70,667
- Intangible fixed assets -€6,063
down €6,063 (-40.0%), from €15,147 to €9,084
- Profit (loss) carried forward +€30,350
up €30,350 (+51.6%), from -€58,863 to -€28,513
- Other debts +€16,412
up €16,412 (+28.1%), from €58,430 to €74,842
- Tax, wage and social debts +€12,794
up €12,794, from €0 to €12,794
- Trade debts +€4,791
up €4,791 (+101%), from €4,764 to €9,554
- Accrued charges and deferred income +€1,897
up €1,897 (+140%), from €1,351 to €3,248
- Gross operating margin +€43,381
up €43,381, from -€1,984 to €41,397
- Financial charges +€2,412
up €2,412 (+92.7%), from €2,603 to €5,015
- Financial income +€639
up €639 (+418%), from €153 to €792
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 | €24,292 | €90,536 | +€66,244 | +273% |
| Fixed assets | 21/28 | €15,147 | €9,084 | -€6,063 | -40.0% |
| Intangible fixed assets | 21 | €15,147 | €9,084 | -€6,063 | -40.0% |
| Current assets | 29/58 | €9,145 | €81,452 | +€72,307 | +791% |
| Stocks and contracts in progress | 3 | €3,217 | €3,217 | = | 0.0% |
| Stocks | 30/36 | €3,217 | €3,217 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,736 | €77,265 | +€71,529 | +1,247% |
| Trade receivables | 40 | €4,361 | €5,223 | +€862 | +19.8% |
| Other amounts receivable | 41 | €1,375 | €72,042 | +€70,667 | +5,139% |
| Cash at bank and in hand | 54/58 | €39 | €185 | +€146 | +378% |
| Deferred charges and accrued income | 490/1 | €153 | €784 | +€631 | +413% |
| Total equity and liabilities | 10/49 | €24,292 | €90,536 | +€66,244 | +273% |
| Equity | 10/15 | -€40,253 | -€9,903 | +€30,350 | +75.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Other | 1319 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,863 | -€28,513 | +€30,350 | +51.6% |
| Amounts payable | 17/49 | €64,545 | €100,439 | +€35,894 | +55.6% |
| Amounts payable within one year | 42/48 | €63,194 | €97,191 | +€33,997 | +53.8% |
| Trade debts | 44 | €4,764 | €9,554 | +€4,791 | +101% |
| Suppliers | 440/4 | €4,764 | €9,554 | +€4,791 | +101% |
| Taxes, remuneration and social security | 45 | €0 | €12,794 | +€12,794 | |
| Taxes | 450/3 | €0 | €12,794 | +€12,794 | |
| Other amounts payable | 47/48 | €58,430 | €74,842 | +€16,412 | +28.1% |
| Accrued charges and deferred income | 492/3 | €1,351 | €3,248 | +€1,897 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,417 | €6,063 | -€354 | -5.5% |
| Other operating charges | 640/8 | €1,011 | €761 | -€250 | -24.7% |
| Gross operating margin | 9900 | -€1,984 | €41,397 | +€43,381 | |
| Operating profit (loss) | 9901 | -€9,412 | €34,573 | +€43,985 | |
| Financial income | 75/76B | €153 | €792 | +€639 | +418% |
| Recurring financial income | 75 | €153 | €792 | +€639 | +418% |
| Financial charges | 65/66B | €2,603 | €5,015 | +€2,412 | +92.7% |
| Recurring financial charges | 65 | €2,603 | €5,015 | +€2,412 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,862 | €30,350 | +€42,212 | |
| Profit (loss) for the period | 9904 | -€11,862 | €30,350 | +€42,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,862 | €30,350 | +€42,212 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.