Travi: 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.
Travi
Largest movements
- Receivables within one year -€571,721
down €571,721 (-21.3%), from €2.7m to €2.1m
of which Other amounts receivable: -€568,767
- Current investments -€249,826
down €249,826 (-82.9%), from €301,488 to €51,662
- Intangible fixed assets +€131,024
new in 2025: €131,024
- Cash +€50,780
up €50,780 (+3.0%), from €1.7m to €1.7m
mainly Receivables within one year (+€571,721) and Current investments (+€249,826)
- Debts within one year -€466,805
down €466,805 (-19.1%), from €2.4m to €2.0m
of which Advances received: -€479,572
- Accrued charges and deferred income -€196,345
down €196,345 (-13.4%), from €1.5m to €1.3m
- Turnover +€3.0m
new in 2025: €3.0m
- Purchases and services +€1.6m
new in 2025: €1.6m
- Gross operating margin +€100,916
up €100,916 (+7.6%), from €1.3m to €1.4m
- Depreciation +€67,198
new in 2025: €67,198
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 | €4,692,231 | €4,054,609 | -€637,622 | -13.6% |
| Fixed assets | 21/28 | €1,850 | €136,247 | +€134,397 | +7,265% |
| Intangible fixed assets | 21 | - | €131,024 | +€131,024 | |
| Tangible fixed assets | 22/27 | - | €3,373 | +€3,373 | |
| Furniture and vehicles | 24 | - | €3,373 | +€3,373 | |
| Financial fixed assets | 28 | €1,850 | €1,850 | = | 0.0% |
| Current assets | 29/58 | €4,690,381 | €3,918,362 | -€772,019 | -16.5% |
| Amounts receivable within one year | 40/41 | €2,680,285 | €2,108,564 | -€571,721 | -21.3% |
| Trade receivables | 40 | €2,954 | - | -€2,954 | |
| Other amounts receivable | 41 | €2,677,331 | €2,108,564 | -€568,767 | -21.2% |
| Current investments | 50/53 | €301,488 | €51,662 | -€249,826 | -82.9% |
| Cash at bank and in hand | 54/58 | €1,694,143 | €1,744,923 | +€50,780 | +3.0% |
| Deferred charges and accrued income | 490/1 | €14,465 | €13,212 | -€1,253 | -8.7% |
| Total equity and liabilities | 10/49 | €4,692,231 | €4,054,609 | -€637,622 | -13.6% |
| Equity | 10/15 | €790,970 | €816,497 | +€25,527 | +3.2% |
| Contributions | 10/11 | €191,373 | €191,373 | +€0 | 0.0% |
| Capital | 10 | €191,373 | €191,373 | +€0 | 0.0% |
| Reserves | 13 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,597 | €225,124 | +€25,527 | +12.8% |
| Amounts payable | 17/49 | €3,901,261 | €3,238,112 | -€663,149 | -17.0% |
| Amounts payable within one year | 42/48 | €2,441,190 | €1,974,385 | -€466,805 | -19.1% |
| Trade debts | 44 | €174,584 | €227,471 | +€52,887 | +30.3% |
| Suppliers | 440/4 | €174,584 | €227,471 | +€52,887 | +30.3% |
| Advances received on contracts in progress | 46 | €2,040,376 | €1,560,804 | -€479,572 | -23.5% |
| Taxes, remuneration and social security | 45 | €141,792 | €186,111 | +€44,319 | +31.3% |
| Taxes | 450/3 | €18 | €18 | +€0 | +1.8% |
| Remuneration and social security | 454/9 | €141,774 | €186,093 | +€44,319 | +31.3% |
| Accrued charges and deferred income | 492/3 | €1,460,071 | €1,263,726 | -€196,345 | -13.4% |
| Turnover | 70 | - | €3,023,288 | +€3.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,640,193 | +€1.6m | |
| Remuneration, social security and pensions | 62 | €1,328,459 | €1,336,575 | +€8,116 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €67,198 | +€67,198 | |
| Gross operating margin | 9900 | €1,331,435 | €1,432,351 | +€100,916 | +7.6% |
| Operating profit (loss) | 9901 | €2,976 | €28,577 | +€25,601 | +860% |
| Financial income | 75/76B | €879 | €129 | -€750 | -85.3% |
| Recurring financial income | 75 | €879 | €129 | -€750 | -85.3% |
| Financial charges | 65/66B | €779 | €353 | -€426 | -54.7% |
| Recurring financial charges | 65 | €779 | €353 | -€426 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €3,076 | €28,354 | +€25,278 | +822% |
| Income taxes | 67/77 | €2,880 | €2,828 | -€52 | -1.8% |
| Profit (loss) for the period | 9904 | €196 | €25,527 | +€25,331 | +12,924% |
| Profit (loss) for the period to be appropriated | 9905 | €196 | €25,527 | +€25,331 | +12,924% |
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 14 October 2026 via checked.be.