TRAVSART: 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.
TRAVSART
Largest movements
- Receivables within one year -€5,705
down €5,705 (-36.9%), from €15,478 to €9,774
of which Trade receivables: -€5,548
- Other debts -€7,548
down €7,548 (-15.7%), from €48,156 to €40,609
- Trade debts +€1,717
up €1,717 (+106%), from €1,622 to €3,339
- Short-term financial debts -€565
down €565 (-4.6%), from €12,330 to €11,765
- Profit (loss) carried forward +€391
up €391 (+0.6%), from -€64,419 to -€64,027
- Tax, wage and social debts +€300
new in 2025: €300
- Gross operating margin -€594
down €594 (-11.9%), from €5,010 to €4,416
- Other operating charges -€177
down €177 (-11.4%), from €1,555 to €1,378
- Financial charges -€164
down €164 (-5.8%), from €2,810 to €2,647
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,584 | €11,879 | -€5,705 | -32.4% |
| Current assets | 29/58 | €17,584 | €11,879 | -€5,705 | -32.4% |
| Stocks and contracts in progress | 3 | €1,984 | €1,984 | = | 0.0% |
| Stocks | 30/36 | €1,984 | €1,984 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,478 | €9,774 | -€5,705 | -36.9% |
| Trade receivables | 40 | €14,765 | €9,216 | -€5,548 | -37.6% |
| Other amounts receivable | 41 | €714 | €557 | -€156 | -21.9% |
| Deferred charges and accrued income | 490/1 | €121 | €121 | = | 0.0% |
| Total equity and liabilities | 10/49 | €17,584 | €11,879 | -€5,705 | -32.4% |
| Equity | 10/15 | -€44,525 | -€44,134 | +€391 | +0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,301 | €1,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,301 | €1,301 | = | 0.0% |
| Legal reserve | 130 | €1,301 | €1,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,419 | -€64,027 | +€391 | +0.6% |
| Amounts payable | 17/49 | €62,109 | €56,012 | -€6,096 | -9.8% |
| Amounts payable within one year | 42/48 | €62,109 | €56,012 | -€6,096 | -9.8% |
| Financial debts | 43 | €12,330 | €11,765 | -€565 | -4.6% |
| Credit institutions | 430/8 | €12,330 | €11,765 | -€565 | -4.6% |
| Trade debts | 44 | €1,622 | €3,339 | +€1,717 | +106% |
| Suppliers | 440/4 | €1,622 | €3,339 | +€1,717 | +106% |
| Taxes, remuneration and social security | 45 | - | €300 | +€300 | |
| Taxes | 450/3 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €48,156 | €40,609 | -€7,548 | -15.7% |
| Other operating charges | 640/8 | €1,555 | €1,378 | -€177 | -11.4% |
| Gross operating margin | 9900 | €5,010 | €4,416 | -€594 | -11.9% |
| Operating profit (loss) | 9901 | €3,455 | €3,038 | -€417 | -12.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,810 | €2,647 | -€164 | -5.8% |
| Recurring financial charges | 65 | €2,810 | €2,647 | -€164 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €645 | €391 | -€253 | -39.3% |
| Profit (loss) for the period | 9904 | €645 | €391 | -€253 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €645 | €391 | -€253 | -39.3% |
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 27 October 2026 via checked.be.