TRAVEL2RUN: 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.
TRAVEL2RUN
Largest movements
- Deferred charges and accrued income +€31,460
up €31,460 (+121%), from €26,078 to €57,538
- Cash +€19,176
up €19,176 (+88.5%), from €21,658 to €40,834
mainly Advances received (+€44,896) and Accrued charges and deferred income (+€18,314)
- Receivables within one year +€3,395
new in 2025: €3,395
- Advances received +€44,896
up €44,896 (+327%), from €13,748 to €58,644
- Trade debts -€21,169
down €21,169 (-96.7%), from €21,901 to €732
of which Bills of exchange payable: -€21,122
- Accrued charges and deferred income +€18,314
new in 2025: €18,314
- Reserves +€8,000
up €8,000 (+693%), from €1,155 to €9,155
- Other debts +€3,000
new in 2025: €3,000
- Gross operating margin +€8,449
up €8,449 (+587%), from €1,439 to €9,888
- Taxes +€800
new in 2025: €800
- Financial charges -€231
down €231 (-25.3%), from €916 to €685
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 | €47,828 | €102,360 | +€54,532 | +114% |
| Current assets | 29/58 | €47,828 | €102,360 | +€54,532 | +114% |
| Amounts receivable within one year | 40/41 | - | €3,395 | +€3,395 | |
| Trade receivables | 40 | - | €3,395 | +€3,395 | |
| Current investments | 50/53 | €92 | €593 | +€500 | +541% |
| Cash at bank and in hand | 54/58 | €21,658 | €40,834 | +€19,176 | +88.5% |
| Deferred charges and accrued income | 490/1 | €26,078 | €57,538 | +€31,460 | +121% |
| Total equity and liabilities | 10/49 | €47,828 | €102,360 | +€54,532 | +114% |
| Equity | 10/15 | €11,565 | €19,569 | +€8,004 | +69.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,155 | €9,155 | +€8,000 | +693% |
| Distributable reserves | 133 | €1,155 | €9,155 | +€8,000 | +693% |
| Profit (loss) carried forward | 14 | €4,210 | €4,214 | +€4 | +0.1% |
| Amounts payable | 17/49 | €36,263 | €82,791 | +€46,528 | +128% |
| Amounts payable within one year | 42/48 | €36,263 | €64,477 | +€28,214 | +77.8% |
| Trade debts | 44 | €21,901 | €732 | -€21,169 | -96.7% |
| Suppliers | 440/4 | €779 | €732 | -€47 | -6.1% |
| Bills of exchange payable | 441 | €21,122 | - | -€21,122 | |
| Advances received on contracts in progress | 46 | €13,748 | €58,644 | +€44,896 | +327% |
| Taxes, remuneration and social security | 45 | €614 | €2,101 | +€1,487 | +242% |
| Taxes | 450/3 | €614 | €2,101 | +€1,487 | +242% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €18,314 | +€18,314 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,439 | €9,888 | +€8,449 | +587% |
| Operating profit (loss) | 9901 | €1,052 | €9,488 | +€8,436 | +802% |
| Financial income | 75/76B | €23 | €0 | -€23 | -99.0% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -99.0% |
| Financial charges | 65/66B | €916 | €685 | -€231 | -25.3% |
| Recurring financial charges | 65 | €916 | €685 | -€231 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €159 | €8,804 | +€8,645 | +5,435% |
| Income taxes | 67/77 | - | €800 | +€800 | |
| Profit (loss) for the period | 9904 | €159 | €8,004 | +€7,845 | +4,932% |
| Profit (loss) for the period to be appropriated | 9905 | €159 | €8,004 | +€7,845 | +4,932% |
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 21 October 2026 via checked.be.