TRAWEVAN: 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.
TRAWEVAN
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€19,841
up €19,841 (+555%), from €3,573 to €23,414
- Taxes -€10,859
down €10,859 (-100%), from €10,859 to €0
- Financial income -€9,168
down €9,168 (-100%), from €9,168 to €0
- Other operating charges -€1,123
down €1,123 (-69.7%), from €1,613 to €490
- Depreciation +€352
up €352 (+1.5%), from €23,412 to €23,764
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 | €2,935,311 | €2,934,785 | -€526 | 0.0% |
| Fixed assets | 21/28 | €2,909,487 | €2,885,723 | -€23,764 | -0.8% |
| Tangible fixed assets | 22/27 | €2,909,487 | €2,885,723 | -€23,764 | -0.8% |
| Land and buildings | 22 | €2,909,487 | €2,885,723 | -€23,764 | -0.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €25,824 | €49,062 | +€23,238 | +90.0% |
| Amounts receivable within one year | 40/41 | €4,274 | €645 | -€3,629 | -84.9% |
| Trade receivables | 40 | €1,321 | €0 | -€1,321 | -100% |
| Other amounts receivable | 41 | €2,952 | €645 | -€2,307 | -78.1% |
| Cash at bank and in hand | 54/58 | €21,187 | €48,081 | +€26,894 | +127% |
| Deferred charges and accrued income | 490/1 | €364 | €336 | -€28 | -7.7% |
| Total equity and liabilities | 10/49 | €2,935,311 | €2,934,785 | -€526 | 0.0% |
| Equity | 10/15 | €2,742,773 | €2,744,618 | +€1,845 | +0.1% |
| Contributions | 10/11 | €898,721 | €898,721 | -€0 | 0.0% |
| Reserves | 13 | €1,844,052 | €1,845,898 | +€1,846 | +0.1% |
| Tax-exempt reserves | 132 | €556,251 | €547,793 | -€8,458 | -1.5% |
| Distributable reserves | 133 | €1,287,801 | €1,298,105 | +€10,304 | +0.8% |
| Provisions and deferred taxes | 16 | €185,417 | €182,598 | -€2,819 | -1.5% |
| Deferred taxes | 168 | €185,417 | €182,598 | -€2,819 | -1.5% |
| Amounts payable | 17/49 | €7,121 | €7,569 | +€448 | +6.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,121 | €7,569 | +€448 | +6.3% |
| Trade debts | 44 | €569 | €1,726 | +€1,157 | +203% |
| Suppliers | 440/4 | €569 | €1,726 | +€1,157 | +203% |
| Taxes, remuneration and social security | 45 | €1,716 | €0 | -€1,716 | -100% |
| Taxes | 450/3 | €1,716 | €0 | -€1,716 | -100% |
| Other amounts payable | 47/48 | €4,836 | €5,843 | +€1,007 | +20.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,412 | €23,764 | +€352 | +1.5% |
| Other operating charges | 640/8 | €1,613 | €490 | -€1,123 | -69.7% |
| Gross operating margin | 9900 | €3,573 | €23,414 | +€19,841 | +555% |
| Operating profit (loss) | 9901 | -€21,452 | -€839 | +€20,613 | +96.1% |
| Financial income | 75/76B | €9,168 | €0 | -€9,168 | -100% |
| Recurring financial income | 75 | €9,168 | €0 | -€9,168 | -100% |
| Financial charges | 65/66B | €264 | €135 | -€129 | -49.0% |
| Recurring financial charges | 65 | €264 | €135 | -€129 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,548 | -€974 | +€11,574 | +92.2% |
| Transfer from deferred taxes | 780 | €2,778 | €2,819 | +€41 | +1.5% |
| Income taxes | 67/77 | €10,859 | €0 | -€10,859 | -100% |
| Profit (loss) for the period | 9904 | -€20,629 | €1,845 | +€22,474 | |
| Transfer from tax-exempt reserves | 789 | €8,333 | €8,458 | +€125 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,295 | €10,304 | +€22,599 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.