TRAVELNOTE: 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.
TRAVELNOTE
Largest movements
- Receivables within one year +€116,128
up €116,128 (+72.0%), from €161,219 to €277,347
of which Trade receivables: +€105,369
- Cash -€76,415
down €76,415 (-52.9%), from €144,461 to €68,046
mainly Receivables within one year (-€116,128) and Other debts (-€14,900)
- Intangible fixed assets -€34,489
down €34,489 (-51.9%), from €66,459 to €31,971
- Tangible fixed assets -€4,706
down €4,706 (-19.5%), from €24,154 to €19,448
of which Furniture and vehicles: -€5,624
- Profit (loss) carried forward +€27,556
up €27,556 (+15.9%), from -€172,964 to -€145,408
- Other debts -€14,900
down €14,900 (-100%), from €14,900 to €0
- Tax, wage and social debts -€5,889
down €5,889 (-8.0%), from €73,935 to €68,046
of which Taxes: -€7,281
- Staff costs +€27,716
up €27,716 (+9.0%), from €307,598 to €335,314
- Gross operating margin +€23,006
up €23,006 (+5.6%), from €407,242 to €430,248
- Depreciation -€10,675
down €10,675 (-18.8%), from €56,798 to €46,123
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 | €405,489 | €409,213 | +€3,724 | +0.9% |
| Fixed assets | 21/28 | €95,649 | €56,454 | -€39,195 | -41.0% |
| Intangible fixed assets | 21 | €66,459 | €31,971 | -€34,489 | -51.9% |
| Tangible fixed assets | 22/27 | €24,154 | €19,448 | -€4,706 | -19.5% |
| Plant, machinery and equipment | 23 | €6,201 | €7,118 | +€917 | +14.8% |
| Furniture and vehicles | 24 | €17,953 | €12,330 | -€5,624 | -31.3% |
| Financial fixed assets | 28 | €5,036 | €5,036 | = | 0.0% |
| Current assets | 29/58 | €309,840 | €352,759 | +€42,919 | +13.9% |
| Amounts receivable within one year | 40/41 | €161,219 | €277,347 | +€116,128 | +72.0% |
| Trade receivables | 40 | €159,999 | €265,368 | +€105,369 | +65.9% |
| Other amounts receivable | 41 | €1,220 | €11,979 | +€10,759 | +882% |
| Cash at bank and in hand | 54/58 | €144,461 | €68,046 | -€76,415 | -52.9% |
| Deferred charges and accrued income | 490/1 | €4,160 | €7,365 | +€3,205 | +77.0% |
| Total equity and liabilities | 10/49 | €405,489 | €409,213 | +€3,724 | +0.9% |
| Equity | 10/15 | €252,036 | €279,592 | +€27,556 | +10.9% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Capital | 10 | €425,000 | €425,000 | = | 0.0% |
| Issued capital | 100 | €425,000 | €425,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,964 | -€145,408 | +€27,556 | +15.9% |
| Amounts payable | 17/49 | €153,454 | €129,621 | -€23,833 | -15.5% |
| Amounts payable after more than one year | 17 | €14,045 | €14,045 | = | 0.0% |
| Financial debts | 170/4 | €14,045 | €14,045 | = | 0.0% |
| Amounts payable within one year | 42/48 | €139,409 | €115,576 | -€23,833 | -17.1% |
| Trade debts | 44 | €50,574 | €47,530 | -€3,044 | -6.0% |
| Suppliers | 440/4 | €50,574 | €47,530 | -€3,044 | -6.0% |
| Taxes, remuneration and social security | 45 | €73,935 | €68,046 | -€5,889 | -8.0% |
| Taxes | 450/3 | €40,094 | €32,813 | -€7,281 | -18.2% |
| Remuneration and social security | 454/9 | €33,841 | €35,233 | +€1,392 | +4.1% |
| Other amounts payable | 47/48 | €14,900 | €0 | -€14,900 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €307,598 | €335,314 | +€27,716 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,798 | €46,123 | -€10,675 | -18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,000 | €2,868 | +€1,868 | +187% |
| Other operating charges | 640/8 | €2,686 | €5,619 | +€2,933 | +109% |
| Gross operating margin | 9900 | €407,242 | €430,248 | +€23,006 | +5.6% |
| Operating profit (loss) | 9901 | €39,160 | €40,323 | +€1,164 | +3.0% |
| Financial income | 75/76B | €573 | €106 | -€467 | -81.4% |
| Recurring financial income | 75 | €573 | €106 | -€467 | -81.4% |
| Financial charges | 65/66B | €590 | €709 | +€119 | +20.1% |
| Recurring financial charges | 65 | €590 | €709 | +€119 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €39,142 | €39,720 | +€578 | +1.5% |
| Income taxes | 67/77 | €10,084 | €12,164 | +€2,080 | +20.6% |
| Profit (loss) for the period | 9904 | €29,058 | €27,556 | -€1,502 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,058 | €27,556 | -€1,502 | -5.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.