VOYAGES LAURENCE: what changed
What changed
VOYAGES LAURENCE
NACE 79.110, Travel agency activities
filed annual accounts (NBB)
Net result for the year
€95,436
2024 · €89,296+€6,140
Equity
€595,954
2024 · €500,518+€95,436
Cash
€638,791
2024 · €633,355+€5,436
Balance sheet total
€1.9m
2024 · €2.3m-€368,392
Largest movements
Assets
- Deferred charges and accrued income -€131,632
down €131,632 (-32.5%), from €405,281 to €273,649
- Receivables within one year -€83,907
down €83,907 (-25.2%), from €333,483 to €249,577
of which Other amounts receivable: -€97,934
- Tangible fixed assets -€81,289
down €81,289 (-10.1%), from €805,675 to €724,385
of which Furniture and vehicles: -€60,897
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
Equity and liabilities
- Trade debts -€348,412
down €348,412 (-30.4%), from €1.1m to €799,363
- Reserves +€95,436
up €95,436 (+24.6%), from €387,588 to €483,024
- Debts after one year -€88,041
down €88,041 (-22.9%), from €384,728 to €296,687
Income statement
- Gross operating margin +€25,577
up €25,577 (+5.7%), from €447,756 to €473,333
- Write-downs -€14,401
down €14,401, from €13,096 to -€1,304
- Taxes +€14,038
up €14,038 (+36.6%), from €38,306 to €52,344
- Financial charges +€8,539
up €8,539 (+32.4%), from €26,327 to €34,866
- Other operating charges +€6,222
up €6,222 (+59.1%), from €10,529 to €16,750
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€89,296
Gross operating margin
+€25,577
Staff costs
-€4,407
Depreciation
+€2,666
Write-downs
+€14,401
Other operating charges
-€6,222
Financial income
-€3,299
Financial charges
-€8,539
Taxes
-€14,038
Result 2025
€95,436
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€18,806
Investment
+€87,948
Financing
-€101,318
Cash 2024
€633,355
From operations (derived)
+€18,806
Net result for the year
+€95,436
Depreciation
+€68,341
Receivables after one year
+€2,000
Receivables within one year
+€83,907
Deferred charges and accrued income
+€131,632
Trade debts
-€348,412
Tax, wage and social debts
+€4,734
Other debts
-€3,877
Accrued charges and deferred income
-€14,955
Investment (derived)
+€87,948
Investment in fixed assets (net)
+€12,948
Current investments
+€75,000
Financing
-€101,318
Debts after one year
-€88,041
Current portion of long-term debt
-€13,277
Cash 2025
€638,791
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,256,010 | €1,887,619 | -€368,392 | -16.3% |
| Fixed assets | 21/28 | €806,891 | €725,602 | -€81,289 | -10.1% |
| Tangible fixed assets | 22/27 | €805,675 | €724,385 | -€81,289 | -10.1% |
| Land and buildings | 22 | €700,609 | €659,681 | -€40,928 | -5.8% |
| Furniture and vehicles | 24 | €97,318 | €36,421 | -€60,897 | -62.6% |
| Other tangible fixed assets | 26 | €7,748 | €28,283 | +€20,535 | +265% |
| Financial fixed assets | 28 | €1,217 | €1,217 | = | 0.0% |
| Current assets | 29/58 | €1,449,119 | €1,162,016 | -€287,102 | -19.8% |
| Amounts receivable after more than one year | 29 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 291 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €333,483 | €249,577 | -€83,907 | -25.2% |
| Trade receivables | 40 | €132,400 | €146,427 | +€14,027 | +10.6% |
| Other amounts receivable | 41 | €201,084 | €103,150 | -€97,934 | -48.7% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €633,355 | €638,791 | +€5,436 | +0.9% |
| Deferred charges and accrued income | 490/1 | €405,281 | €273,649 | -€131,632 | -32.5% |
| Total equity and liabilities | 10/49 | €2,256,010 | €1,887,619 | -€368,392 | -16.3% |
| Equity | 10/15 | €500,518 | €595,954 | +€95,436 | +19.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €387,588 | €483,024 | +€95,436 | +24.6% |
| Distributable reserves | 133 | €387,588 | €483,024 | +€95,436 | +24.6% |
| Profit (loss) carried forward | 14 | €87,930 | €87,930 | = | 0.0% |
| Amounts payable | 17/49 | €1,755,492 | €1,291,665 | -€463,828 | -26.4% |
| Amounts payable after more than one year | 17 | €384,728 | €296,687 | -€88,041 | -22.9% |
| Financial debts | 170/4 | €384,728 | €296,687 | -€88,041 | -22.9% |
| Amounts payable within one year | 42/48 | €1,293,191 | €932,359 | -€360,832 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €89,125 | €75,848 | -€13,277 | -14.9% |
| Trade debts | 44 | €1,147,775 | €799,363 | -€348,412 | -30.4% |
| Suppliers | 440/4 | €1,147,775 | €799,363 | -€348,412 | -30.4% |
| Taxes, remuneration and social security | 45 | €39,195 | €43,930 | +€4,734 | +12.1% |
| Taxes | 450/3 | - | €1,150 | +€1,150 | |
| Remuneration and social security | 454/9 | €39,195 | €42,780 | +€3,585 | +9.1% |
| Other amounts payable | 47/48 | €17,096 | €13,219 | -€3,877 | -22.7% |
| Accrued charges and deferred income | 492/3 | €77,573 | €62,619 | -€14,955 | -19.3% |
| Non-recurring operating income | 76A | - | €797 | +€797 | |
| Remuneration, social security and pensions | 62 | €209,016 | €213,423 | +€4,407 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,008 | €68,341 | -€2,666 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,096 | -€1,304 | -€14,401 | |
| Other operating charges | 640/8 | €10,529 | €16,750 | +€6,222 | +59.1% |
| Gross operating margin | 9900 | €447,756 | €473,333 | +€25,577 | +5.7% |
| Operating profit (loss) | 9901 | €144,108 | €176,124 | +€32,016 | +22.2% |
| Financial income | 75/76B | €9,821 | €6,523 | -€3,299 | -33.6% |
| Recurring financial income | 75 | €9,821 | €6,523 | -€3,299 | -33.6% |
| Financial charges | 65/66B | €26,327 | €34,866 | +€8,539 | +32.4% |
| Recurring financial charges | 65 | €26,327 | €34,866 | +€8,539 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €127,602 | €147,780 | +€20,178 | +15.8% |
| Income taxes | 67/77 | €38,306 | €52,344 | +€14,038 | +36.6% |
| Profit (loss) for the period | 9904 | €89,296 | €95,436 | +€6,140 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,296 | €95,436 | +€6,140 | +6.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.