TRAVHOLDING: 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.
TRAVHOLDING
Largest movements
- Financial fixed assets -€50,000
down €50,000 (-71.6%), from €69,800 to €19,800
- Tangible fixed assets -€25,318
down €25,318 (-9.0%), from €281,887 to €256,569
of which Land and buildings: -€23,591
- Receivables within one year -€13,285
down €13,285 (-37.0%), from €35,857 to €22,573
of which Other amounts receivable: -€26,782
- Cash -€6,563
down €6,563 (-98.5%), from €6,660 to €97
mainly Net result for the year (-€68,173) and Other debts (-€21,111)
- Profit (loss) carried forward -€68,173
down €68,173 (-25.6%), from -€266,405 to -€334,578
- Other debts -€21,111
down €21,111 (-58.0%), from €36,427 to €15,316
- Tax, wage and social debts -€5,047
down €5,047 (-3.1%), from €162,088 to €157,041
- Trade debts -€4,939
down €4,939 (-39.1%), from €12,644 to €7,705
- Debts after one year +€3,948
up €3,948 (+1.0%), from €410,450 to €414,398
of which Other amounts payable: +€22,082
- Financial charges -€200,687
down €200,687 (-76.5%), from €262,409 to €61,722
- Other operating charges -€71,699
down €71,699 (-89.2%), from €80,355 to €8,656
- Gross operating margin -€32,937
down €32,937 (-36.1%), from €91,196 to €58,259
- Write-downs +€29,701
new in 2025: €29,701
- Taxes -€1,745
down €1,745 (-53.5%), from €3,263 to €1,517
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 | €394,204 | €299,038 | -€95,166 | -24.1% |
| Fixed assets | 21/28 | €351,687 | €276,369 | -€75,318 | -21.4% |
| Tangible fixed assets | 22/27 | €281,887 | €256,569 | -€25,318 | -9.0% |
| Land and buildings | 22 | €279,970 | €256,378 | -€23,591 | -8.4% |
| Furniture and vehicles | 24 | €1,917 | €190 | -€1,727 | -90.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €69,800 | €19,800 | -€50,000 | -71.6% |
| Current assets | 29/58 | €42,517 | €22,670 | -€19,847 | -46.7% |
| Amounts receivable within one year | 40/41 | €35,857 | €22,573 | -€13,285 | -37.0% |
| Trade receivables | 40 | €9,075 | €22,573 | +€13,498 | +148.7% |
| Other amounts receivable | 41 | €26,782 | €0 | -€26,782 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,660 | €97 | -€6,563 | -98.5% |
| Total equity and liabilities | 10/49 | €394,204 | €299,038 | -€95,166 | -24.1% |
| Equity | 10/15 | -€244,901 | -€313,556 | -€68,655 | -28.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€266,405 | -€334,578 | -€68,173 | -25.6% |
| Investment grants | 15 | €1,043 | €562 | -€482 | -46.2% |
| Amounts payable | 17/49 | €639,105 | €612,594 | -€26,511 | -4.1% |
| Amounts payable after more than one year | 17 | €410,450 | €414,398 | +€3,948 | +1.0% |
| Financial debts | 170/4 | €267,063 | €248,928 | -€18,135 | -6.8% |
| Other amounts payable | 178/9 | €143,388 | €165,470 | +€22,082 | +15.4% |
| Amounts payable within one year | 42/48 | €228,655 | €198,197 | -€30,458 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €17,496 | €18,135 | +€638 | +3.6% |
| Trade debts | 44 | €12,644 | €7,705 | -€4,939 | -39.1% |
| Suppliers | 440/4 | €12,644 | €7,705 | -€4,939 | -39.1% |
| Taxes, remuneration and social security | 45 | €162,088 | €157,041 | -€5,047 | -3.1% |
| Taxes | 450/3 | €162,088 | €157,041 | -€5,047 | -3.1% |
| Other amounts payable | 47/48 | €36,427 | €15,316 | -€21,111 | -58.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,877 | €25,318 | -€1,558 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €29,701 | +€29,701 | |
| Other operating charges | 640/8 | €80,355 | €8,656 | -€71,699 | -89.2% |
| Gross operating margin | 9900 | €91,196 | €58,259 | -€32,937 | -36.1% |
| Operating profit (loss) | 9901 | -€16,036 | -€5,415 | +€10,620 | +66.2% |
| Financial income | 75/76B | €361 | €482 | +€121 | +33.4% |
| Recurring financial income | 75 | €361 | €482 | +€121 | +33.4% |
| Financial charges | 65/66B | €262,409 | €61,722 | -€200,687 | -76.5% |
| Recurring financial charges | 65 | €262,409 | €61,722 | -€200,687 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | -€278,084 | -€66,656 | +€211,428 | +76.0% |
| Income taxes | 67/77 | €3,263 | €1,517 | -€1,745 | -53.5% |
| Profit (loss) for the period | 9904 | -€281,346 | -€68,173 | +€213,173 | +75.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€281,346 | -€68,173 | +€213,173 | +75.8% |
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 10 October 2026 via checked.be.