Travexco: what changed
Travexco
Largest movements
- Cash +€26,419
up €26,419 (+518%), from €5,104 to €31,523
mainly Trade debts (+€10,714) and Net result for the year (+€5,701)
- Tangible fixed assets -€5,523
down €5,523 (-38.8%), from €14,240 to €8,717
- Trade debts +€10,714
up €10,714 (+63.6%), from €16,833 to €27,547
- Profit (loss) carried forward +€5,701
up €5,701 (+8.8%), from -€64,683 to -€58,982
- Tax, wage and social debts +€3,752
up €3,752 (+27.3%), from €13,753 to €17,506
of which Remuneration and social security: +€4,935
- Other debts +€952
up €952 (+51.8%), from €1,840 to €2,792
- Gross operating margin -€25,189
down €25,189 (-28.1%), from €89,489 to €64,301
- Staff costs -€21,652
down €21,652 (-30.5%), from €71,063 to €49,411
- Depreciation -€2,062
down €2,062 (-27.2%), from €7,585 to €5,523
- Taxes +€1,397
up €1,397 (+540%), from €259 to €1,656
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,943 | €57,062 | +€21,119 | +58.8% |
| Fixed assets | 21/28 | €14,668 | €9,145 | -€5,523 | -37.7% |
| Tangible fixed assets | 22/27 | €14,240 | €8,717 | -€5,523 | -38.8% |
| Furniture and vehicles | 24 | €14,240 | €8,717 | -€5,523 | -38.8% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €21,275 | €47,917 | +€26,642 | +125% |
| Amounts receivable within one year | 40/41 | €16,171 | €16,394 | +€223 | +1.4% |
| Trade receivables | 40 | €13,788 | €15,622 | +€1,834 | +13.3% |
| Other amounts receivable | 41 | €2,383 | €772 | -€1,610 | -67.6% |
| Cash at bank and in hand | 54/58 | €5,104 | €31,523 | +€26,419 | +518% |
| Total equity and liabilities | 10/49 | €35,943 | €57,062 | +€21,119 | +58.8% |
| Equity | 10/15 | €3,517 | €9,218 | +€5,701 | +162% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,683 | -€58,982 | +€5,701 | +8.8% |
| Amounts payable | 17/49 | €32,426 | €47,845 | +€15,418 | +47.5% |
| Amounts payable within one year | 42/48 | €32,426 | €47,845 | +€15,418 | +47.5% |
| Trade debts | 44 | €16,833 | €27,547 | +€10,714 | +63.6% |
| Suppliers | 440/4 | €16,833 | €27,547 | +€10,714 | +63.6% |
| Taxes, remuneration and social security | 45 | €13,753 | €17,506 | +€3,752 | +27.3% |
| Taxes | 450/3 | €3,941 | €2,759 | -€1,183 | -30.0% |
| Remuneration and social security | 454/9 | €9,812 | €14,747 | +€4,935 | +50.3% |
| Other amounts payable | 47/48 | €1,840 | €2,792 | +€952 | +51.8% |
| Remuneration, social security and pensions | 62 | €71,063 | €49,411 | -€21,652 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,585 | €5,523 | -€2,062 | -27.2% |
| Other operating charges | 640/8 | €520 | €1,059 | +€539 | +104% |
| Gross operating margin | 9900 | €89,489 | €64,301 | -€25,189 | -28.1% |
| Operating profit (loss) | 9901 | €10,322 | €8,308 | -€2,014 | -19.5% |
| Financial charges | 65/66B | €1,310 | €951 | -€359 | -27.4% |
| Recurring financial charges | 65 | €1,310 | €951 | -€359 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €9,012 | €7,356 | -€1,656 | -18.4% |
| Income taxes | 67/77 | €259 | €1,656 | +€1,397 | +540% |
| Profit (loss) for the period | 9904 | €8,753 | €5,701 | -€3,053 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,753 | €5,701 | -€3,053 | -34.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.