TRAVERPA: 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.
TRAVERPA
Largest movements
- Tangible fixed assets -€65,968
down €65,968 (-9.6%), from €689,085 to €623,117
of which Furniture and vehicles: -€50,019
- Cash -€35,179
down €35,179 (-67.5%), from €52,096 to €16,917
mainly Other debts (-€85,180) and Investment in fixed assets (net) (-€35,237)
- Other debts -€85,180
down €85,180 (-69.5%), from €122,494 to €37,315
- Debts after one year -€34,320
down €34,320 (-79.6%), from €43,114 to €8,793
- Reserves +€22,447
up €22,447 (+4.2%), from €540,684 to €563,131
of which Distributable reserves: +€26,686
- Trade debts -€16,666
down €16,666 (-67.8%), from €24,566 to €7,900
- Tax, wage and social debts +€14,936
up €14,936 (+48.4%), from €30,839 to €45,775
of which Taxes: +€10,104
- Gross operating margin -€81,049
down €81,049 (-22.7%), from €357,752 to €276,703
- Taxes -€20,271
down €20,271 (-62.2%), from €32,603 to €12,332
- Depreciation +€16,766
up €16,766 (+19.9%), from €84,440 to €101,205
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.
Cash bridge derived
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 | €818,943 | €720,074 | -€98,869 | -12.1% |
| Fixed assets | 21/28 | €689,209 | €623,241 | -€65,968 | -9.6% |
| Tangible fixed assets | 22/27 | €689,085 | €623,117 | -€65,968 | -9.6% |
| Land and buildings | 22 | €469,552 | €450,541 | -€19,011 | -4.0% |
| Plant, machinery and equipment | 23 | €51,746 | €54,808 | +€3,062 | +5.9% |
| Furniture and vehicles | 24 | €167,787 | €117,769 | -€50,019 | -29.8% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €129,734 | €96,833 | -€32,901 | -25.4% |
| Stocks and contracts in progress | 3 | €7,560 | €9,700 | +€2,140 | +28.3% |
| Stocks | 30/36 | €7,560 | €9,700 | +€2,140 | +28.3% |
| Amounts receivable within one year | 40/41 | €56,719 | €63,151 | +€6,432 | +11.3% |
| Trade receivables | 40 | €56,719 | €60,483 | +€3,764 | +6.6% |
| Other amounts receivable | 41 | €0 | €2,668 | +€2,668 | |
| Cash at bank and in hand | 54/58 | €52,096 | €16,917 | -€35,179 | -67.5% |
| Deferred charges and accrued income | 490/1 | €13,359 | €7,065 | -€6,294 | -47.1% |
| Total equity and liabilities | 10/49 | €818,943 | €720,074 | -€98,869 | -12.1% |
| Equity | 10/15 | €559,284 | €581,731 | +€22,447 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €540,684 | €563,131 | +€22,447 | +4.2% |
| Tax-exempt reserves | 132 | €219,456 | €215,217 | -€4,239 | -1.9% |
| Distributable reserves | 133 | €321,227 | €347,913 | +€26,686 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €5,652 | €4,239 | -€1,413 | -25.0% |
| Deferred taxes | 168 | €5,652 | €4,239 | -€1,413 | -25.0% |
| Amounts payable | 17/49 | €254,007 | €134,104 | -€119,903 | -47.2% |
| Amounts payable after more than one year | 17 | €43,114 | €8,793 | -€34,320 | -79.6% |
| Financial debts | 170/4 | €43,114 | €8,793 | -€34,320 | -79.6% |
| Amounts payable within one year | 42/48 | €210,894 | €125,311 | -€85,583 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €32,994 | €34,320 | +€1,327 | +4.0% |
| Trade debts | 44 | €24,566 | €7,900 | -€16,666 | -67.8% |
| Suppliers | 440/4 | €24,566 | €7,900 | -€16,666 | -67.8% |
| Taxes, remuneration and social security | 45 | €30,839 | €45,775 | +€14,936 | +48.4% |
| Taxes | 450/3 | €21,580 | €31,683 | +€10,104 | +46.8% |
| Remuneration and social security | 454/9 | €9,260 | €14,092 | +€4,833 | +52.2% |
| Other amounts payable | 47/48 | €122,494 | €37,315 | -€85,180 | -69.5% |
| Non-recurring operating income | 76A | €58,261 | €0 | -€58,261 | -100.0% |
| Remuneration, social security and pensions | 62 | €128,819 | €131,523 | +€2,704 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,440 | €101,205 | +€16,766 | +19.9% |
| Other operating charges | 640/8 | €10,418 | €7,639 | -€2,779 | -26.7% |
| Gross operating margin | 9900 | €357,752 | €276,703 | -€81,049 | -22.7% |
| Operating profit (loss) | 9901 | €134,075 | €36,336 | -€97,739 | -72.9% |
| Financial income | 75/76B | €32 | €57 | +€25 | +80.3% |
| Recurring financial income | 75 | €32 | €57 | +€25 | +80.3% |
| Financial charges | 65/66B | €3,544 | €3,028 | -€516 | -14.6% |
| Recurring financial charges | 65 | €3,544 | €3,028 | -€516 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €130,563 | €33,366 | -€97,197 | -74.4% |
| Transfer from deferred taxes | 780 | €1,413 | €1,413 | = | 0.0% |
| Transfer to deferred taxes | 680 | €7,065 | €0 | -€7,065 | -100.0% |
| Income taxes | 67/77 | €32,603 | €12,332 | -€20,271 | -62.2% |
| Profit (loss) for the period | 9904 | €92,307 | €22,447 | -€69,860 | -75.7% |
| Transfer from tax-exempt reserves | 789 | €4,239 | €4,239 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €21,196 | €0 | -€21,196 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,351 | €26,686 | -€48,665 | -64.6% |
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 9 October 2026 via checked.be.