TRAVIMMO: 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.
What changed
TRAVIMMO
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€485,415
2024 · €39,984+€445,431
Equity
€2.2m
2024 · €1.7m+€485,415
Cash
€673,417
2024 · €543,697+€129,720
Balance sheet total
€3.3m
2024 · €2.8m+€478,770
Largest movements
Assets
- Tangible fixed assets +€389,067
up €389,067 (+18.8%), from €2.1m to €2.5m
of which Land and buildings: +€398,800
- Cash +€129,720
up €129,720 (+23.9%), from €543,697 to €673,417
mainly Net result for the year (+€485,415) and Depreciation (+€166,140)
- Receivables within one year -€72,347
down €72,347 (-59.7%), from €121,151 to €48,804
of which Trade receivables: -€66,055
Equity and liabilities
- Profit (loss) carried forward +€375,310
up €375,310 (+37.9%), from €989,400 to €1.4m
- Reserves +€110,105
up €110,105 (+16.2%), from €677,862 to €787,967
of which Distributable reserves: +€110,105
Income statement
- Gross operating margin +€434,194
up €434,194 (+164.4%), from €264,089 to €698,283
- Financial income +€39,062
up €39,062 (+1242.0%), from €3,145 to €42,207
- Depreciation +€30,615
up €30,615 (+22.6%), from €135,525 to €166,140
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.
Result 2024
€39,984
Gross operating margin
+€434,194
Depreciation
-€30,615
Write-downs
-€2,737
Other operating charges
-€533
Financial income
+€39,062
Financial charges
-€379
Taxes
+€6,439
Result 2025
€485,415
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.
From operations
+€680,730
Investment
-€555,257
Financing
+€4,247
Cash 2024
€543,697
From operations (derived)
+€680,730
Net result for the year
+€485,415
Depreciation
+€166,140
Receivables within one year
+€72,347
Deferred charges and accrued income
-€32,280
Provisions
-€3,765
Trade debts
-€12,425
Tax, wage and social debts
+€4,829
Accrued charges and deferred income
+€469
Investment (derived)
-€555,257
Investment in fixed assets (net)
-€555,257
Financing
+€4,247
Debts after one year
+€25,007
Current portion of long-term debt
-€20,760
Cash 2025
€673,417
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,830,358 | €3,309,128 | +€478,770 | +16.9% |
| Fixed assets | 21/28 | €2,095,237 | €2,484,354 | +€389,117 | +18.6% |
| Tangible fixed assets | 22/27 | €2,069,237 | €2,458,304 | +€389,067 | +18.8% |
| Land and buildings | 22 | €2,058,404 | €2,457,204 | +€398,800 | +19.4% |
| Plant, machinery and equipment | 23 | €5,500 | €1,100 | -€4,400 | -80.0% |
| Furniture and vehicles | 24 | €5,333 | - | -€5,333 | |
| Financial fixed assets | 28 | €26,000 | €26,050 | +€50 | +0.2% |
| Current assets | 29/58 | €735,121 | €824,774 | +€89,653 | +12.2% |
| Amounts receivable within one year | 40/41 | €121,151 | €48,804 | -€72,347 | -59.7% |
| Trade receivables | 40 | €102,466 | €36,411 | -€66,055 | -64.5% |
| Other amounts receivable | 41 | €18,685 | €12,393 | -€6,292 | -33.7% |
| Cash at bank and in hand | 54/58 | €543,697 | €673,417 | +€129,720 | +23.9% |
| Deferred charges and accrued income | 490/1 | €70,273 | €102,553 | +€32,280 | +45.9% |
| Total equity and liabilities | 10/49 | €2,830,358 | €3,309,128 | +€478,770 | +16.9% |
| Equity | 10/15 | €1,729,262 | €2,214,677 | +€485,415 | +28.1% |
| 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 | €677,862 | €787,967 | +€110,105 | +16.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €671,662 | €781,767 | +€110,105 | +16.4% |
| Profit (loss) carried forward | 14 | €989,400 | €1,364,710 | +€375,310 | +37.9% |
| Provisions and deferred taxes | 16 | €115,846 | €112,081 | -€3,765 | -3.3% |
| Deferred taxes | 168 | €115,846 | €112,081 | -€3,765 | -3.3% |
| Amounts payable | 17/49 | €985,250 | €982,370 | -€2,880 | -0.3% |
| Amounts payable after more than one year | 17 | €593,106 | €618,113 | +€25,007 | +4.2% |
| Financial debts | 170/4 | €581,349 | €604,347 | +€22,998 | +4.0% |
| Other amounts payable | 178/9 | €11,757 | €13,766 | +€2,009 | +17.1% |
| Amounts payable within one year | 42/48 | €391,211 | €362,855 | -€28,356 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €105,376 | €84,616 | -€20,760 | -19.7% |
| Trade debts | 44 | €93,836 | €81,411 | -€12,425 | -13.2% |
| Suppliers | 440/4 | €93,836 | €81,411 | -€12,425 | -13.2% |
| Taxes, remuneration and social security | 45 | €13,631 | €18,460 | +€4,829 | +35.4% |
| Taxes | 450/3 | €13,631 | €18,460 | +€4,829 | +35.4% |
| Other amounts payable | 47/48 | €178,368 | €178,368 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €933 | €1,402 | +€469 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,525 | €166,140 | +€30,615 | +22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,600 | -€863 | +€2,737 | +76.0% |
| Other operating charges | 640/8 | €40,655 | €41,188 | +€533 | +1.3% |
| Non-recurring operating charges | 66A | €10 | €10 | = | 0.0% |
| Gross operating margin | 9900 | €264,089 | €698,283 | +€434,194 | +164.4% |
| Operating profit (loss) | 9901 | €91,499 | €491,808 | +€400,309 | +437.5% |
| Financial income | 75/76B | €3,145 | €42,207 | +€39,062 | +1242.0% |
| Recurring financial income | 75 | €3,145 | €42,207 | +€39,062 | +1242.0% |
| Financial charges | 65/66B | €17,501 | €17,880 | +€379 | +2.2% |
| Recurring financial charges | 65 | €17,501 | €17,880 | +€379 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €77,143 | €516,135 | +€438,992 | +569.1% |
| Transfer from deferred taxes | 780 | €3,765 | €3,765 | = | 0.0% |
| Income taxes | 67/77 | €40,924 | €34,485 | -€6,439 | -15.7% |
| Profit (loss) for the period | 9904 | €39,984 | €485,415 | +€445,431 | +1114.0% |
| Transfer from tax-exempt reserves | 789 | €30,400 | €9,895 | -€20,505 | -67.5% |
| Transfer to tax-exempt reserves | 689 | €9,895 | - | -€9,895 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,489 | €495,310 | +€434,821 | +718.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.