TRAVERTGREEN: 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.
TRAVERTGREEN
Largest movements
- Intangible fixed assets -€11,000
down €11,000 (-11.8%), from €93,500 to €82,500
- Receivables within one year +€9,857
up €9,857 (+220%), from €4,471 to €14,328
of which Trade receivables: +€11,514
- Tangible fixed assets -€7,971
down €7,971 (-28.3%), from €28,157 to €20,186
of which Furniture and vehicles: -€6,400
- Stocks and contracts -€7,359
down €7,359 (-88.6%), from €8,307 to €948
- Cash -€1,464
down €1,464 (-83.5%), from €1,753 to €289
mainly Debts after one year (-€29,154) and Receivables within one year (-€9,857)
- Debts after one year -€29,154
down €29,154 (-28.9%), from €100,706 to €71,551
- Profit (loss) carried forward +€9,313
up €9,313 (+188%), from €4,952 to €14,265
- Tax, wage and social debts +€4,884
up €4,884 (+112%), from €4,368 to €9,252
of which Taxes: +€4,884
- Trade debts -€3,327
down €3,327 (-15.0%), from €22,145 to €18,818
- Depreciation -€9,126
down €9,126 (-32.5%), from €28,097 to €18,971
- Gross operating margin -€2,012
down €2,012 (-5.1%), from €39,169 to €37,157
- Write-downs +€1,394
new in 2025: €1,394
- Taxes +€950
up €950 (+22.9%), from €4,151 to €5,101
- Other operating charges -€615
down €615 (-32.9%), from €1,867 to €1,253
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 | €137,171 | €118,887 | -€18,284 | -13.3% |
| Fixed assets | 21/28 | €121,657 | €102,686 | -€18,971 | -15.6% |
| Intangible fixed assets | 21 | €93,500 | €82,500 | -€11,000 | -11.8% |
| Tangible fixed assets | 22/27 | €28,157 | €20,186 | -€7,971 | -28.3% |
| Land and buildings | 22 | €1,400 | €1,000 | -€400 | -28.6% |
| Plant, machinery and equipment | 23 | €4,457 | €3,286 | -€1,171 | -26.3% |
| Furniture and vehicles | 24 | €22,300 | €15,900 | -€6,400 | -28.7% |
| Current assets | 29/58 | €15,514 | €16,201 | +€687 | +4.4% |
| Stocks and contracts in progress | 3 | €8,307 | €948 | -€7,359 | -88.6% |
| Contracts in progress | 37 | €8,307 | €948 | -€7,359 | -88.6% |
| Amounts receivable within one year | 40/41 | €4,471 | €14,328 | +€9,857 | +220% |
| Trade receivables | 40 | €1,100 | €12,614 | +€11,514 | +1,047% |
| Other amounts receivable | 41 | €3,371 | €1,714 | -€1,657 | -49.2% |
| Cash at bank and in hand | 54/58 | €1,753 | €289 | -€1,464 | -83.5% |
| Deferred charges and accrued income | 490/1 | €984 | €636 | -€348 | -35.4% |
| Total equity and liabilities | 10/49 | €137,171 | €118,887 | -€18,284 | -13.3% |
| Equity | 10/15 | €9,952 | €19,265 | +€9,313 | +93.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,952 | €14,265 | +€9,313 | +188% |
| Amounts payable | 17/49 | €127,219 | €99,622 | -€27,597 | -21.7% |
| Amounts payable after more than one year | 17 | €100,706 | €71,551 | -€29,154 | -28.9% |
| Other amounts payable | 178/9 | €100,706 | €71,551 | -€29,154 | -28.9% |
| Amounts payable within one year | 42/48 | €26,513 | €28,070 | +€1,557 | +5.9% |
| Trade debts | 44 | €22,145 | €18,818 | -€3,327 | -15.0% |
| Suppliers | 440/4 | €22,145 | €18,818 | -€3,327 | -15.0% |
| Taxes, remuneration and social security | 45 | €4,368 | €9,252 | +€4,884 | +112% |
| Taxes | 450/3 | €4,368 | €9,252 | +€4,884 | +112% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,097 | €18,971 | -€9,126 | -32.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,394 | +€1,394 | |
| Other operating charges | 640/8 | €1,867 | €1,253 | -€615 | -32.9% |
| Non-recurring operating charges | 66A | - | €965 | +€965 | |
| Gross operating margin | 9900 | €39,169 | €37,157 | -€2,012 | -5.1% |
| Operating profit (loss) | 9901 | €9,205 | €14,575 | +€5,370 | +58.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +7.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +7.5% |
| Financial charges | 65/66B | €103 | €161 | +€59 | +57.2% |
| Recurring financial charges | 65 | €103 | €161 | +€59 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €9,103 | €14,414 | +€5,311 | +58.3% |
| Income taxes | 67/77 | €4,151 | €5,101 | +€950 | +22.9% |
| Profit (loss) for the period | 9904 | €4,952 | €9,313 | +€4,362 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,952 | €9,313 | +€4,362 | +88.1% |
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 19 October 2026 via checked.be.