Travvant: 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.
Travvant
Largest movements
- Intangible fixed assets +€626,794
up €626,794 (+531%), from €118,097 to €744,890
- Receivables within one year +€562,122
up €562,122 (+37.8%), from €1.5m to €2.0m
of which Other amounts receivable: +€496,865
- Cash +€162,230
up €162,230 (+15.8%), from €1.0m to €1.2m
mainly Net result for the year (+€762,709) and Debts after one year (+€301,666)
- Financial fixed assets +€72,589
up €72,589 (+2,214%), from €3,278 to €75,867
- Deferred charges and accrued income +€71,139
up €71,139 (+31.3%), from €227,130 to €298,269
- Profit (loss) carried forward +€414,012
up €414,012 (+96.7%), from €428,291 to €842,303
- Debts after one year +€301,666
new in 2025: €301,666
- Trade debts +€289,354
up €289,354 (+114%), from €253,452 to €542,806
- Accrued charges and deferred income +€258,709
up €258,709 (+16.9%), from €1.5m to €1.8m
- Other debts +€112,134
up €112,134 (+37.2%), from €301,558 to €413,693
- Turnover -€4.4m
no longer reported in 2025 (was €4.4m)
- Purchases and services -€2.7m
no longer reported in 2025 (was €2.7m)
- Gross operating margin +€820,335
up €820,335 (+45.2%), from €1.8m to €2.6m
- Staff costs +€193,261
up €193,261 (+15.5%), from €1.2m to €1.4m
- Taxes +€157,245
up €157,245 (+108%), from €145,642 to €302,887
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 | €2,880,040 | €4,496,247 | +€1.6m | +56.1% |
| Fixed assets | 21/28 | €141,871 | €904,586 | +€762,715 | +538% |
| Intangible fixed assets | 21 | €118,097 | €744,890 | +€626,794 | +531% |
| Tangible fixed assets | 22/27 | €20,496 | €83,829 | +€63,332 | +309% |
| Plant, machinery and equipment | 23 | €20,496 | €26,355 | +€5,859 | +28.6% |
| Furniture and vehicles | 24 | - | €29,333 | +€29,333 | |
| Other tangible fixed assets | 26 | - | €28,140 | +€28,140 | |
| Financial fixed assets | 28 | €3,278 | €75,867 | +€72,589 | +2,214% |
| Current assets | 29/58 | €2,738,169 | €3,591,661 | +€853,491 | +31.2% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | - | €8,000 | +€8,000 | |
| Stocks | 30/36 | - | €8,000 | +€8,000 | |
| Amounts receivable within one year | 40/41 | €1,487,034 | €2,049,156 | +€562,122 | +37.8% |
| Trade receivables | 40 | €1,480,804 | €1,546,061 | +€65,257 | +4.4% |
| Other amounts receivable | 41 | €6,230 | €503,095 | +€496,865 | +7,975% |
| Cash at bank and in hand | 54/58 | €1,024,005 | €1,186,235 | +€162,230 | +15.8% |
| Deferred charges and accrued income | 490/1 | €227,130 | €298,269 | +€71,139 | +31.3% |
| Total equity and liabilities | 10/49 | €2,880,040 | €4,496,247 | +€1.6m | +56.1% |
| Equity | 10/15 | €454,351 | €868,363 | +€414,012 | +91.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,060 | €1,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €60 | +€60 | |
| Reserves not available under the articles | 1311 | - | €60 | +€60 | |
| Distributable reserves | 133 | €1,060 | €1,000 | -€60 | -5.7% |
| Profit (loss) carried forward | 14 | €428,291 | €842,303 | +€414,012 | +96.7% |
| Amounts payable | 17/49 | €2,425,689 | €3,627,884 | +€1.2m | +49.6% |
| Amounts payable after more than one year | 17 | - | €301,666 | +€301,666 | |
| Financial debts | 170/4 | - | €301,666 | +€301,666 | |
| Amounts payable within one year | 42/48 | €897,327 | €1,539,146 | +€641,819 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €81,600 | €165,000 | +€83,400 | +102% |
| Financial debts | 43 | - | €104,312 | +€104,312 | |
| Credit institutions | 430/8 | - | €104,312 | +€104,312 | |
| Trade debts | 44 | €253,452 | €542,806 | +€289,354 | +114% |
| Suppliers | 440/4 | €253,452 | €542,806 | +€289,354 | +114% |
| Advances received on contracts in progress | 46 | €19,756 | €19,756 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €240,960 | €293,579 | +€52,619 | +21.8% |
| Taxes | 450/3 | €78,585 | €131,894 | +€53,308 | +67.8% |
| Remuneration and social security | 454/9 | €162,375 | €161,686 | -€689 | -0.4% |
| Other amounts payable | 47/48 | €301,558 | €413,693 | +€112,134 | +37.2% |
| Accrued charges and deferred income | 492/3 | €1,528,363 | €1,787,072 | +€258,709 | +16.9% |
| Turnover | 70 | €4,419,751 | - | -€4.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,674,043 | - | -€2.7m | |
| Remuneration, social security and pensions | 62 | €1,247,091 | €1,440,352 | +€193,261 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,389 | €69,703 | +€28,314 | +68.4% |
| Other operating charges | 640/8 | €9,385 | €4,281 | -€5,104 | -54.4% |
| Gross operating margin | 9900 | €1,813,734 | €2,634,068 | +€820,335 | +45.2% |
| Operating profit (loss) | 9901 | €515,869 | €1,119,732 | +€603,863 | +117% |
| Financial income | 75/76B | €8,015 | €154 | -€7,861 | -98.1% |
| Recurring financial income | 75 | €8,015 | €154 | -€7,861 | -98.1% |
| Financial charges | 65/66B | €27,067 | €54,291 | +€27,223 | +101% |
| Recurring financial charges | 65 | €27,067 | €46,242 | +€19,174 | +70.8% |
| Non-recurring financial charges | 66B | - | €8,049 | +€8,049 | |
| Profit (loss) for the period before taxes | 9903 | €496,817 | €1,065,596 | +€568,779 | +114% |
| Income taxes | 67/77 | €145,642 | €302,887 | +€157,245 | +108% |
| Profit (loss) for the period | 9904 | €351,175 | €762,709 | +€411,534 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €351,175 | €762,709 | +€411,534 | +117% |
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 15 October 2026 via checked.be.