TRAVITUDE: 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.
TRAVITUDE
Largest movements
- Deferred charges and accrued income +€41,207
up €41,207 (+82.4%), from €50,020 to €91,228
- Cash -€15,494
down €15,494 (-23.1%), from €67,023 to €51,529
mainly Deferred charges and accrued income (-€41,207) and Receivables within one year (-€7,221)
- Receivables within one year +€7,221
up €7,221 (+510%), from €1,417 to €8,638
of which Trade receivables: +€8,595
- Accrued charges and deferred income +€10,933
up €10,933 (+24.2%), from €45,132 to €56,065
- Trade debts +€9,170
up €9,170 (+32.8%), from €27,975 to €37,145
- Reserves +€8,220
up €8,220 (+605%), from €1,360 to €9,580
- Tax, wage and social debts +€3,861
up €3,861 (+6,858%), from €56 to €3,917
- Advances received -€3,817
down €3,817 (-88.6%), from €4,311 to €494
- Gross operating margin +€12,030
up €12,030 (+922%), from €1,305 to €13,335
- Taxes +€3,621
new in 2025: €3,621
- Financial income +€576
up €576 (+1,832%), from €31 to €607
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 | €130,031 | €161,632 | +€31,600 | +24.3% |
| Fixed assets | 21/28 | €11,571 | €10,237 | -€1,333 | -11.5% |
| Intangible fixed assets | 21 | €1,137 | €237 | -€900 | -79.1% |
| Tangible fixed assets | 22/27 | €433 | €0 | -€433 | -100% |
| Furniture and vehicles | 24 | €433 | €0 | -€433 | -100% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €118,461 | €151,395 | +€32,934 | +27.8% |
| Amounts receivable within one year | 40/41 | €1,417 | €8,638 | +€7,221 | +510% |
| Trade receivables | 40 | €43 | €8,638 | +€8,595 | +20,034% |
| Other amounts receivable | 41 | €1,374 | €0 | -€1,374 | -100% |
| Cash at bank and in hand | 54/58 | €67,023 | €51,529 | -€15,494 | -23.1% |
| Deferred charges and accrued income | 490/1 | €50,020 | €91,228 | +€41,207 | +82.4% |
| Total equity and liabilities | 10/49 | €130,031 | €161,632 | +€31,600 | +24.3% |
| Equity | 10/15 | €51,360 | €59,580 | +€8,220 | +16.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,360 | €9,580 | +€8,220 | +605% |
| Distributable reserves | 133 | €1,360 | €9,580 | +€8,220 | +605% |
| Amounts payable | 17/49 | €78,672 | €102,052 | +€23,380 | +29.7% |
| Amounts payable within one year | 42/48 | €33,540 | €45,986 | +€12,447 | +37.1% |
| Trade debts | 44 | €27,975 | €37,145 | +€9,170 | +32.8% |
| Suppliers | 440/4 | €27,975 | €37,145 | +€9,170 | +32.8% |
| Advances received on contracts in progress | 46 | €4,311 | €494 | -€3,817 | -88.6% |
| Taxes, remuneration and social security | 45 | €56 | €3,917 | +€3,861 | +6,858% |
| Taxes | 450/3 | €56 | €3,917 | +€3,861 | +6,858% |
| Other amounts payable | 47/48 | €1,197 | €4,431 | +€3,233 | +270% |
| Accrued charges and deferred income | 492/3 | €45,132 | €56,065 | +€10,933 | +24.2% |
| Non-recurring operating income | 76A | - | €279 | +€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €900 | -€70 | -7.2% |
| Other operating charges | 640/8 | €660 | €544 | -€116 | -17.5% |
| Gross operating margin | 9900 | €1,305 | €13,335 | +€12,030 | +922% |
| Operating profit (loss) | 9901 | -€325 | €11,891 | +€12,216 | |
| Financial income | 75/76B | €31 | €607 | +€576 | +1,832% |
| Recurring financial income | 75 | €31 | €607 | +€576 | +1,832% |
| Financial charges | 65/66B | €594 | €657 | +€63 | +10.6% |
| Recurring financial charges | 65 | €594 | €657 | +€63 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€887 | €11,842 | +€12,728 | |
| Income taxes | 67/77 | - | €3,621 | +€3,621 | |
| Profit (loss) for the period | 9904 | -€887 | €8,220 | +€9,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€887 | €8,220 | +€9,107 |
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 20 October 2026 via checked.be.