TRAVOTTO: 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.
TRAVOTTO
Largest movements
- Receivables within one year -€38,458
down €38,458 (-14.6%), from €264,217 to €225,759
of which Trade receivables: -€38,458
- Deferred charges and accrued income +€28,718
up €28,718 (+3849.3%), from €746 to €29,464
- Cash -€23,984
down €23,984 (-89.9%), from €26,666 to €2,682
mainly Net result for the year (-€72,565) and Debts after one year (-€53,075)
- Trade debts +€87,757
up €87,757 (+60.0%), from €146,271 to €234,028
- Debts after one year -€53,075
down €53,075 (-14.2%), from €374,761 to €321,686
- Profit (loss) carried forward -€44,411
down €44,411 (-100.0%), from €44,411 to €0
- Reserves -€28,154
down €28,154 (-31.9%), from €88,374 to €60,220
- Other debts -€27,709
down €27,709 (-16.7%), from €165,839 to €138,130
- Gross operating margin -€108,381
down €108,381 (-71.9%), from €150,810 to €42,429
- Taxes +€7,703
up €7,703 (+257.9%), from €2,987 to €10,690
- Financial income +€5,007
up €5,007 (+5051.4%), from €99 to €5,107
- Other operating charges +€4,347
up €4,347 (+196.4%), from €2,213 to €6,560
- Staff costs +€3,381
up €3,381 (+4.8%), from €71,065 to €74,446
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 | €923,945 | €890,792 | -€33,152 | -3.6% |
| Fixed assets | 21/28 | €632,316 | €632,887 | +€571 | +0.1% |
| Tangible fixed assets | 22/27 | €32,316 | €27,637 | -€4,679 | -14.5% |
| Land and buildings | 22 | €20,982 | €20,425 | -€557 | -2.7% |
| Plant, machinery and equipment | 23 | €10,725 | €4,096 | -€6,630 | -61.8% |
| Furniture and vehicles | 24 | €609 | €876 | +€267 | +43.8% |
| Assets under construction and advance payments | 27 | - | €2,240 | +€2,240 | |
| Financial fixed assets | 28 | €600,000 | €605,250 | +€5,250 | +0.9% |
| Current assets | 29/58 | €291,629 | €257,905 | -€33,724 | -11.6% |
| Amounts receivable within one year | 40/41 | €264,217 | €225,759 | -€38,458 | -14.6% |
| Trade receivables | 40 | €166,296 | €127,838 | -€38,458 | -23.1% |
| Other amounts receivable | 41 | €97,921 | €97,921 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,666 | €2,682 | -€23,984 | -89.9% |
| Deferred charges and accrued income | 490/1 | €746 | €29,464 | +€28,718 | +3849.3% |
| Total equity and liabilities | 10/49 | €923,945 | €890,792 | -€33,152 | -3.6% |
| Equity | 10/15 | €151,385 | €78,820 | -€72,565 | -47.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,374 | €60,220 | -€28,154 | -31.9% |
| Distributable reserves | 133 | €88,374 | €60,220 | -€28,154 | -31.9% |
| Profit (loss) carried forward | 14 | €44,411 | €0 | -€44,411 | -100.0% |
| Amounts payable | 17/49 | €772,560 | €811,972 | +€39,413 | +5.1% |
| Amounts payable after more than one year | 17 | €374,761 | €321,686 | -€53,075 | -14.2% |
| Financial debts | 170/4 | €374,761 | €321,686 | -€53,075 | -14.2% |
| Amounts payable within one year | 42/48 | €379,510 | €451,937 | +€72,426 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €51,458 | €53,075 | +€1,617 | +3.1% |
| Trade debts | 44 | €146,271 | €234,028 | +€87,757 | +60.0% |
| Suppliers | 440/4 | €146,271 | €234,028 | +€87,757 | +60.0% |
| Taxes, remuneration and social security | 45 | €15,942 | €26,703 | +€10,761 | +67.5% |
| Taxes | 450/3 | €5,660 | €16,053 | +€10,393 | +183.6% |
| Remuneration and social security | 454/9 | €10,282 | €10,650 | +€368 | +3.6% |
| Other amounts payable | 47/48 | €165,839 | €138,130 | -€27,709 | -16.7% |
| Accrued charges and deferred income | 492/3 | €18,288 | €38,350 | +€20,062 | +109.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €71,065 | €74,446 | +€3,381 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,879 | €13,444 | -€1,435 | -9.6% |
| Other operating charges | 640/8 | €2,213 | €6,560 | +€4,347 | +196.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €150,810 | €42,429 | -€108,381 | -71.9% |
| Operating profit (loss) | 9901 | €62,653 | -€52,021 | -€114,674 | |
| Financial income | 75/76B | €99 | €5,107 | +€5,007 | +5051.4% |
| Recurring financial income | 75 | €99 | €5,107 | +€5,007 | +5051.4% |
| Financial charges | 65/66B | €15,355 | €14,961 | -€394 | -2.6% |
| Recurring financial charges | 65 | €15,355 | €14,961 | -€394 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €47,398 | -€61,875 | -€109,273 | |
| Income taxes | 67/77 | €2,987 | €10,690 | +€7,703 | +257.9% |
| Profit (loss) for the period | 9904 | €44,411 | -€72,565 | -€116,976 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,411 | -€72,565 | -€116,976 |
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 5 October 2026 via checked.be.