TRAVICOM: what changed
Two fiscal 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.
TRAVICOM
Largest movements
- Stocks and contracts -€364,995
down €364,995 (-50.0%), from €729,989 to €364,994
- Receivables within one year -€117,734
down €117,734 (-41.6%), from €283,294 to €165,560
of which Trade receivables: -€125,154
- Cash +€31,991
up €31,991 (+108.8%), from €29,415 to €61,406
mainly Stocks and contracts (+€364,995) and Receivables within one year (+€117,734)
- Short-term financial debts -€337,000
down €337,000 (-58.7%), from €573,934 to €236,934
- Tax, wage and social debts -€95,398
down €95,398 (-99.5%), from €95,905 to €507
of which Taxes: -€95,398
- Debts after one year +€40,000
up €40,000 (+379.0%), from €10,554 to €50,554
- Trade debts -€38,049
down €38,049 (-14.7%), from €259,708 to €221,659
- Profit (loss) carried forward -€20,609
down €20,609 (-27.2%), from €75,664 to €55,055
- Gross operating margin -€104,843
down €104,843, from €89,746 to -€15,097
- Taxes -€86,288
down €86,288 (-99.8%), from €86,487 to €199
- Financial charges -€42,201
down €42,201 (-91.9%), from €45,918 to €3,717
- Staff costs -€29,581
down €29,581 (-99.2%), from €29,817 to €236
- Financial income +€2,446
up €2,446 (+813.5%), from €301 to €2,747
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,058,300 | €607,245 | -€451,055 | -42.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,058,300 | €607,245 | -€451,055 | -42.6% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €729,989 | €364,994 | -€364,995 | -50.0% |
| Stocks | 30/36 | €729,989 | €364,994 | -€364,995 | -50.0% |
| Amounts receivable within one year | 40/41 | €283,294 | €165,560 | -€117,734 | -41.6% |
| Trade receivables | 40 | €259,100 | €133,946 | -€125,154 | -48.3% |
| Other amounts receivable | 41 | €24,195 | €31,614 | +€7,420 | +30.7% |
| Cash at bank and in hand | 54/58 | €29,415 | €61,406 | +€31,991 | +108.8% |
| Deferred charges and accrued income | 490/1 | €5,602 | €5,285 | -€317 | -5.7% |
| Total equity and liabilities | 10/49 | €1,058,300 | €607,245 | -€451,055 | -42.6% |
| Equity | 10/15 | €118,199 | €97,591 | -€20,608 | -17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,935 | €23,936 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,075 | €22,076 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €75,664 | €55,055 | -€20,609 | -27.2% |
| Amounts payable | 17/49 | €940,101 | €509,654 | -€430,447 | -45.8% |
| Amounts payable after more than one year | 17 | €10,554 | €50,554 | +€40,000 | +379.0% |
| Other amounts payable | 178/9 | €10,554 | €50,554 | +€40,000 | +379.0% |
| Amounts payable within one year | 42/48 | €929,547 | €459,100 | -€470,447 | -50.6% |
| Financial debts | 43 | €573,934 | €236,934 | -€337,000 | -58.7% |
| Credit institutions | 430/8 | €573,934 | €236,934 | -€337,000 | -58.7% |
| Trade debts | 44 | €259,708 | €221,659 | -€38,049 | -14.7% |
| Suppliers | 440/4 | €259,708 | €221,659 | -€38,049 | -14.7% |
| Taxes, remuneration and social security | 45 | €95,905 | €507 | -€95,398 | -99.5% |
| Taxes | 450/3 | €95,905 | €507 | -€95,398 | -99.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €29,817 | €236 | -€29,581 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | - | -€159 | |
| Other operating charges | 640/8 | €3,344 | €4,107 | +€763 | +22.8% |
| Non-recurring operating charges | 66A | €3,743 | - | -€3,743 | |
| Gross operating margin | 9900 | €89,746 | -€15,097 | -€104,843 | |
| Operating profit (loss) | 9901 | €52,683 | -€19,440 | -€72,123 | |
| Financial income | 75/76B | €301 | €2,747 | +€2,446 | +813.5% |
| Recurring financial income | 75 | €301 | €2,747 | +€2,446 | +813.5% |
| Financial charges | 65/66B | €45,918 | €3,717 | -€42,201 | -91.9% |
| Recurring financial charges | 65 | €45,918 | €3,717 | -€42,201 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €7,065 | -€20,410 | -€27,475 | |
| Income taxes | 67/77 | €86,487 | €199 | -€86,288 | -99.8% |
| Profit (loss) for the period | 9904 | -€79,423 | -€20,609 | +€58,814 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,423 | -€20,609 | +€58,814 | +74.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.