TRAVETANCHE: 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.
TRAVETANCHE
Largest movements
- Current investments +€16,175
up €16,175 (+36.6%), from €44,253 to €60,428
- Cash -€7,698
down €7,698 (-68.2%), from €11,294 to €3,596
mainly Current investments (-€16,175) and Investment in fixed assets (net) (-€6,714)
- Tangible fixed assets +€5,176
up €5,176 (+9.4%), from €55,114 to €60,290
of which Land and buildings: +€5,176
- Profit (loss) carried forward +€18,364
up €18,364 (+22.4%), from €81,985 to €100,349
- Tax, wage and social debts -€3,913
down €3,913 (-50.3%), from €7,772 to €3,859
of which Remuneration and social security: -€3,933
- Other operating charges -€916
down €916 (-24.3%), from €3,770 to €2,854
- Gross operating margin -€410
down €410 (-1.7%), from €23,788 to €23,378
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 | €114,158 | €127,933 | +€13,775 | +12.1% |
| Fixed assets | 21/28 | €55,114 | €60,290 | +€5,176 | +9.4% |
| Tangible fixed assets | 22/27 | €55,114 | €60,290 | +€5,176 | +9.4% |
| Land and buildings | 22 | €34,539 | €39,715 | +€5,176 | +15.0% |
| Other tangible fixed assets | 26 | €20,575 | €20,575 | = | 0.0% |
| Current assets | 29/58 | €59,044 | €67,643 | +€8,599 | +14.6% |
| Current investments | 50/53 | €44,253 | €60,428 | +€16,175 | +36.6% |
| Cash at bank and in hand | 54/58 | €11,294 | €3,596 | -€7,698 | -68.2% |
| Deferred charges and accrued income | 490/1 | €3,497 | €3,619 | +€122 | +3.5% |
| Total equity and liabilities | 10/49 | €114,158 | €127,933 | +€13,775 | +12.1% |
| Equity | 10/15 | €102,444 | €120,808 | +€18,364 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,985 | €100,349 | +€18,364 | +22.4% |
| Amounts payable | 17/49 | €11,714 | €7,125 | -€4,589 | -39.2% |
| Amounts payable within one year | 42/48 | €8,988 | €5,202 | -€3,786 | -42.1% |
| Trade debts | 44 | €1,026 | €986 | -€40 | -3.9% |
| Suppliers | 440/4 | €1,026 | €986 | -€40 | -3.9% |
| Taxes, remuneration and social security | 45 | €7,772 | €3,859 | -€3,913 | -50.3% |
| Taxes | 450/3 | €2,275 | €2,295 | +€20 | +0.9% |
| Remuneration and social security | 454/9 | €5,497 | €1,564 | -€3,933 | -71.5% |
| Other amounts payable | 47/48 | €190 | €357 | +€167 | +87.9% |
| Accrued charges and deferred income | 492/3 | €2,726 | €1,923 | -€803 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,695 | €1,538 | -€157 | -9.3% |
| Other operating charges | 640/8 | €3,770 | €2,854 | -€916 | -24.3% |
| Gross operating margin | 9900 | €23,788 | €23,378 | -€410 | -1.7% |
| Operating profit (loss) | 9901 | €18,323 | €18,986 | +€663 | +3.6% |
| Financial income | 75/76B | €116 | €252 | +€136 | +117% |
| Recurring financial income | 75 | €116 | €252 | +€136 | +117% |
| Financial charges | 65/66B | €640 | €637 | -€3 | -0.5% |
| Recurring financial charges | 65 | €640 | €637 | -€3 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €17,799 | €18,601 | +€802 | +4.5% |
| Income taxes | 67/77 | €109 | €237 | +€128 | +117% |
| Profit (loss) for the period | 9904 | €17,690 | €18,364 | +€674 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,690 | €18,364 | +€674 | +3.8% |
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 28 October 2026 via checked.be.