TRAVELSAFE: 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.
TRAVELSAFE
Largest movements
- Cash -€222,168
down €222,168 (-33.9%), from €655,609 to €433,441
mainly Current investments (-€219,964) and Accrued charges and deferred income (-€75,961)
- Current investments +€219,964
new in 2025: €219,964
- Deferred charges and accrued income +€39,980
up €39,980 (+3,514%), from €1,138 to €41,118
- Intangible fixed assets +€24,794
up €24,794 (+107%), from €23,069 to €47,863
- Tangible fixed assets -€12,982
down €12,982 (-48.4%), from €26,841 to €13,859
- Accrued charges and deferred income -€75,961
down €75,961 (-13.2%), from €573,719 to €497,758
- Other debts +€63,285
up €63,285 (+2,094%), from €3,022 to €66,307
- Reserves +€55,914
up €55,914 (+22.9%), from €243,800 to €299,714
- Gross operating margin -€58,534
down €58,534 (-22.4%), from €261,512 to €202,979
- Taxes -€18,829
down €18,829 (-33.2%), from €56,709 to €37,880
- Depreciation +€9,952
up €9,952 (+53.3%), from €18,660 to €28,612
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 | €854,437 | €902,952 | +€48,516 | +5.7% |
| Fixed assets | 21/28 | €49,910 | €61,935 | +€12,025 | +24.1% |
| Intangible fixed assets | 21 | €23,069 | €47,863 | +€24,794 | +107% |
| Tangible fixed assets | 22/27 | €26,841 | €13,859 | -€12,982 | -48.4% |
| Furniture and vehicles | 24 | €26,841 | €13,859 | -€12,982 | -48.4% |
| Financial fixed assets | 28 | - | €213 | +€213 | |
| Current assets | 29/58 | €804,526 | €841,017 | +€36,491 | +4.5% |
| Stocks and contracts in progress | 3 | €2,308 | €3,456 | +€1,148 | +49.7% |
| Stocks | 30/36 | €2,308 | €3,456 | +€1,148 | +49.7% |
| Amounts receivable within one year | 40/41 | €145,472 | €143,038 | -€2,433 | -1.7% |
| Trade receivables | 40 | €80,704 | €80,579 | -€125 | -0.2% |
| Other amounts receivable | 41 | €64,767 | €62,459 | -€2,308 | -3.6% |
| Current investments | 50/53 | - | €219,964 | +€219,964 | |
| Cash at bank and in hand | 54/58 | €655,609 | €433,441 | -€222,168 | -33.9% |
| Deferred charges and accrued income | 490/1 | €1,138 | €41,118 | +€39,980 | +3,514% |
| Total equity and liabilities | 10/49 | €854,437 | €902,952 | +€48,516 | +5.7% |
| Equity | 10/15 | €262,400 | €318,314 | +€55,914 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,800 | €299,714 | +€55,914 | +22.9% |
| Distributable reserves | 133 | €243,800 | €299,714 | +€55,914 | +22.9% |
| Amounts payable | 17/49 | €592,037 | €584,638 | -€7,399 | -1.2% |
| Amounts payable within one year | 42/48 | €18,317 | €86,880 | +€68,563 | +374% |
| Trade debts | 44 | €8,901 | €15,457 | +€6,555 | +73.6% |
| Suppliers | 440/4 | €8,901 | €15,457 | +€6,555 | +73.6% |
| Taxes, remuneration and social security | 45 | €6,394 | €5,116 | -€1,278 | -20.0% |
| Taxes | 450/3 | €3,588 | €2,183 | -€1,405 | -39.2% |
| Remuneration and social security | 454/9 | €2,806 | €2,933 | +€128 | +4.6% |
| Other amounts payable | 47/48 | €3,022 | €66,307 | +€63,285 | +2,094% |
| Accrued charges and deferred income | 492/3 | €573,719 | €497,758 | -€75,961 | -13.2% |
| Non-recurring operating income | 76A | - | €140 | +€140 | |
| Remuneration, social security and pensions | 62 | €24,733 | €25,762 | +€1,029 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,660 | €28,612 | +€9,952 | +53.3% |
| Other operating charges | 640/8 | - | €80 | +€80 | |
| Non-recurring operating charges | 66A | - | €390 | +€390 | |
| Gross operating margin | 9900 | €261,512 | €202,979 | -€58,534 | -22.4% |
| Operating profit (loss) | 9901 | €218,120 | €148,135 | -€69,985 | -32.1% |
| Financial income | 75/76B | €4,925 | €6,448 | +€1,523 | +30.9% |
| Recurring financial income | 75 | €4,925 | €6,448 | +€1,523 | +30.9% |
| Financial charges | 65/66B | €150 | €789 | +€639 | +426% |
| Recurring financial charges | 65 | €150 | €759 | +€610 | +407% |
| Non-recurring financial charges | 66B | - | €29 | +€29 | |
| Profit (loss) for the period before taxes | 9903 | €222,895 | €153,794 | -€69,101 | -31.0% |
| Income taxes | 67/77 | €56,709 | €37,880 | -€18,829 | -33.2% |
| Profit (loss) for the period | 9904 | €166,186 | €115,914 | -€50,271 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €166,186 | €115,914 | -€50,271 | -30.3% |
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 18 October 2026 via checked.be.