TRAVTECH: 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.
TRAVTECH
Largest movements
- Tangible fixed assets +€56,140
up €56,140 (+366.4%), from €15,321 to €71,460
of which Land and buildings: +€61,642
- Cash -€21,270
down €21,270 (-99.3%), from €21,423 to €154
mainly Investment in fixed assets (net) (-€62,160) and Receivables within one year (-€10,892)
- Receivables within one year +€10,892
up €10,892 (+7.1%), from €153,060 to €163,952
of which Trade receivables: +€8,364
- Trade debts +€46,293
up €46,293 (+50.8%), from €91,079 to €137,372
- Tax, wage and social debts -€3,855
down €3,855 (-11.3%), from €34,095 to €30,240
- Profit (loss) carried forward +€3,118
up €3,118 (+5.2%), from €59,986 to €63,104
- Gross operating margin -€45,250
down €45,250 (-81.9%), from €55,275 to €10,025
- Taxes -€1,396
no longer reported in 2025 (was €1,396)
- Other operating charges +€588
up €588 (+149.2%), from €394 to €982
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 | €190,161 | €235,716 | +€45,555 | +24.0% |
| Formation expenses | 20 | €206 | €0 | -€206 | -100.0% |
| Fixed assets | 21/28 | €15,471 | €71,610 | +€56,140 | +362.9% |
| Tangible fixed assets | 22/27 | €15,321 | €71,460 | +€56,140 | +366.4% |
| Land and buildings | 22 | - | €61,642 | +€61,642 | |
| Plant, machinery and equipment | 23 | €778 | €518 | -€259 | -33.3% |
| Furniture and vehicles | 24 | €14,543 | €9,300 | -€5,243 | -36.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €174,484 | €164,106 | -€10,378 | -5.9% |
| Amounts receivable within one year | 40/41 | €153,060 | €163,952 | +€10,892 | +7.1% |
| Trade receivables | 40 | €144,861 | €153,225 | +€8,364 | +5.8% |
| Other amounts receivable | 41 | €8,199 | €10,727 | +€2,528 | +30.8% |
| Cash at bank and in hand | 54/58 | €21,423 | €154 | -€21,270 | -99.3% |
| Total equity and liabilities | 10/49 | €190,161 | €235,716 | +€45,555 | +24.0% |
| Equity | 10/15 | €64,986 | €68,104 | +€3,118 | +4.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,986 | €63,104 | +€3,118 | +5.2% |
| Amounts payable | 17/49 | €125,175 | €167,612 | +€42,437 | +33.9% |
| Amounts payable within one year | 42/48 | €125,175 | €167,612 | +€42,437 | +33.9% |
| Trade debts | 44 | €91,079 | €137,372 | +€46,293 | +50.8% |
| Suppliers | 440/4 | €91,079 | €137,372 | +€46,293 | +50.8% |
| Taxes, remuneration and social security | 45 | €34,095 | €30,240 | -€3,855 | -11.3% |
| Remuneration and social security | 454/9 | €34,095 | €30,240 | -€3,855 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,709 | €6,227 | +€518 | +9.1% |
| Other operating charges | 640/8 | €394 | €982 | +€588 | +149.2% |
| Gross operating margin | 9900 | €55,275 | €10,025 | -€45,250 | -81.9% |
| Operating profit (loss) | 9901 | €49,172 | €2,816 | -€46,356 | -94.3% |
| Financial income | 75/76B | - | €445 | +€445 | |
| Recurring financial income | 75 | - | €445 | +€445 | |
| Non-recurring financial income | 76B | - | €445 | +€445 | |
| Financial charges | 65/66B | €216 | €143 | -€73 | -33.8% |
| Recurring financial charges | 65 | €216 | €143 | -€73 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €48,956 | €3,118 | -€45,838 | -93.6% |
| Income taxes | 67/77 | €1,396 | - | -€1,396 | |
| Profit (loss) for the period | 9904 | €47,560 | €3,118 | -€44,442 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,560 | €3,118 | -€44,442 | -93.4% |
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 6 October 2026 via checked.be.