Travel Plus: what changed
What changed
Travel Plus
NACE 79.110, Travel agency activities
not consecutivefiled annual accounts (NBB)
Net result for the year
€7,359
2021 · -€351,128+€358,487
Equity
€1.9m
2021 · €926,850+€955,771
Cash
€1.5m
2021 · €570,752+€974,170
Balance sheet total
€4.8m
2021 · €2.8m+€1.9m
Largest movements
Assets
- Receivables within one year +€986,167
up €986,167 (+46.6%), from €2.1m to €3.1m
of which Trade receivables: +€835,498
- Cash +€974,170
up €974,170 (+171%), from €570,752 to €1.5m
- Intangible fixed assets -€49,432
no longer reported in 2025 (was €49,432)
Equity and liabilities
- Profit (loss) carried forward +€955,770
up €955,770 (+113%), from €845,636 to €1.8m
- Debts after one year +€900,000
up €900,000 (+360%), from €250,000 to €1.2m
- Short-term financial debts -€400,000
no longer reported in 2025 (was €400,000)
- Trade debts +€333,899
up €333,899 (+33.9%), from €985,348 to €1.3m
- Tax, wage and social debts +€243,095
up €243,095 (+162%), from €150,073 to €393,168
of which Taxes: +€240,854
Income statement
- Turnover +€24.3m
up €24.3m (+195%), from €12.4m to €36.7m
- Goods and materials +€22.4m
up €22.4m (+196%), from €11.4m to €33.8m
- Staff costs +€951,293
up €951,293 (+126%), from €756,705 to €1.7m
Change in the result, 2021 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.
Result 2021
-€351,128
Turnover
+€24.3m
Other operating income
-€67,980
Goods and materials
-€22.4m
Services and other goods
-€304,164
Staff costs
-€951,293
Depreciation
-€4,204
Write-downs
-€36,913
Other operating charges
+€1,227
Other operating items
-€83,937
Financial income
-€8,128
Financial charges
-€40,498
Taxes
-€37,868
Result 2025
€7,359
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,833,500 | €4,766,537 | +€1.9m | +68.2% |
| Fixed assets | 21/28 | €145,180 | €78,805 | -€66,375 | -45.7% |
| Intangible fixed assets | 21 | €49,432 | - | -€49,432 | |
| Tangible fixed assets | 22/27 | €89,546 | €78,805 | -€10,741 | -12.0% |
| Plant, machinery and equipment | 23 | - | €19,799 | +€19,799 | |
| Furniture and vehicles | 24 | €89,546 | €59,006 | -€30,540 | -34.1% |
| Financial fixed assets | 28 | €6,202 | - | -€6,202 | |
| Other financial fixed assets | 284/8 | €6,202 | - | -€6,202 | |
| Shares | 284 | €1,250 | - | -€1,250 | |
| Amounts receivable and cash guarantees | 285/8 | €4,952 | - | -€4,952 | |
| Current assets | 29/58 | €2,688,320 | €4,687,732 | +€2.0m | +74.4% |
| Amounts receivable within one year | 40/41 | €2,114,701 | €3,100,868 | +€986,167 | +46.6% |
| Trade receivables | 40 | €2,064,720 | €2,900,218 | +€835,498 | +40.5% |
| Other amounts receivable | 41 | €49,981 | €200,650 | +€150,669 | +301% |
| Cash at bank and in hand | 54/58 | €570,752 | €1,544,922 | +€974,170 | +171% |
| Deferred charges and accrued income | 490/1 | €2,868 | €41,942 | +€39,074 | +1,363% |
| Total equity and liabilities | 10/49 | €2,833,500 | €4,766,537 | +€1.9m | +68.2% |
| Equity | 10/15 | €926,850 | €1,882,621 | +€955,771 | +103% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €19,214 | €19,215 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €13,014 | €13,015 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €845,636 | €1,801,406 | +€955,770 | +113% |
| Amounts payable | 17/49 | €1,906,650 | €2,883,916 | +€977,266 | +51.3% |
| Amounts payable after more than one year | 17 | €250,000 | €1,150,000 | +€900,000 | +360% |
| Financial debts | 170/4 | €250,000 | €1,150,000 | +€900,000 | +360% |
| Subordinated loans | 170 | €250,000 | €1,150,000 | +€900,000 | +360% |
| Amounts payable within one year | 42/48 | €1,535,786 | €1,712,415 | +€176,629 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €365 | - | -€365 | |
| Financial debts | 43 | €400,000 | - | -€400,000 | |
| Other loans | 439 | €400,000 | - | -€400,000 | |
| Trade debts | 44 | €985,348 | €1,319,247 | +€333,899 | +33.9% |
| Suppliers | 440/4 | €985,348 | €1,319,247 | +€333,899 | +33.9% |
| Taxes, remuneration and social security | 45 | €150,073 | €393,168 | +€243,095 | +162% |
| Taxes | 450/3 | €42,816 | €283,670 | +€240,854 | +563% |
| Remuneration and social security | 454/9 | €107,257 | €109,498 | +€2,241 | +2.1% |
| Accrued charges and deferred income | 492/3 | €120,863 | €21,501 | -€99,362 | -82.2% |
| Operating income | 70/76A | €12,530,151 | €36,765,869 | +€24.2m | +193% |
| Turnover | 70 | €12,434,338 | €36,723,732 | +€24.3m | +195% |
| Other operating income | 74 | €89,313 | €21,333 | -€67,980 | -76.1% |
| Non-recurring operating income | 76A | €6,500 | €20,804 | +€14,304 | +220% |
| Operating charges | 60/66A | €12,864,339 | €36,655,077 | +€23.8m | +185% |
| Goods for resale, raw materials and consumables | 60 | €11,438,494 | €33,835,643 | +€22.4m | +196% |
| Purchases | 600/8 | €11,438,494 | €33,835,643 | +€22.4m | +196% |
| Services and other goods | 61 | €616,088 | €920,252 | +€304,164 | +49.4% |
| Remuneration, social security and pensions | 62 | €756,705 | €1,707,998 | +€951,293 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,106 | €43,310 | +€4,204 | +10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,330 | €42,243 | +€36,913 | +693% |
| Other operating charges | 640/8 | €8,617 | €7,390 | -€1,227 | -14.2% |
| Non-recurring operating charges | 66A | - | €98,241 | +€98,241 | |
| Operating profit (loss) | 9901 | -€334,188 | €110,792 | +€444,980 | |
| Financial income | 75/76B | €10,909 | €2,781 | -€8,128 | -74.5% |
| Recurring financial income | 75 | €10,909 | €2,781 | -€8,128 | -74.5% |
| Other financial income | 752/9 | €10,909 | €2,781 | -€8,128 | -74.5% |
| Financial charges | 65/66B | €24,189 | €64,687 | +€40,498 | +167% |
| Recurring financial charges | 65 | €24,189 | €64,687 | +€40,498 | +167% |
| Debt charges | 650 | €3,101 | €37,700 | +€34,599 | +1,116% |
| Other financial charges | 652/9 | €21,088 | €26,987 | +€5,899 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | -€347,469 | €48,886 | +€396,355 | |
| Income taxes | 67/77 | €3,659 | €41,527 | +€37,868 | +1,035% |
| Taxes | 670/3 | €3,659 | €50,900 | +€47,241 | +1,291% |
| Tax adjustments and reversals of tax provisions | 77 | - | €9,373 | +€9,373 | |
| Profit (loss) for the period | 9904 | -€351,128 | €7,359 | +€358,487 | |
| Profit (loss) for the period to be appropriated | 9905 | -€351,128 | €7,359 | +€358,487 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.