We Travel: what changed
What changed
We Travel
NACE 79.110, Travel agency activities
filed annual accounts (NBB)
Net result for the year
€254,693
2024 · €139,855+€114,839
Equity
€468,792
2024 · €499,099-€30,307
Cash
€520,525
2024 · €424,160+€96,364
Balance sheet total
€1.9m
2024 · €1.3m+€607,502
Largest movements
Assets
- Tangible fixed assets +€491,651
new in 2025: €491,651
- Current investments -€274,062
down €274,062 (-56.9%), from €481,496 to €207,434
- Receivables within one year +€218,724
up €218,724 (+61.3%), from €356,956 to €575,680
of which Trade receivables: +€331,612
- Cash +€96,364
up €96,364 (+22.7%), from €424,160 to €520,525
mainly Advances received (+€390,029) and Debts after one year (+€312,889)
- Intangible fixed assets +€41,357
new in 2025: €41,357
Equity and liabilities
- Advances received +€390,029
up €390,029, from €0 to €390,029
- Debts after one year +€312,889
new in 2025: €312,889
- Accrued charges and deferred income -€265,929
down €265,929 (-49.1%), from €541,947 to €276,019
- Other debts +€185,000
up €185,000 (+185%), from €100,000 to €285,000
- Reserves -€30,307
down €30,307 (-6.5%), from €465,099 to €434,792
of which Distributable reserves: -€20,729
Income statement
- Gross operating margin +€237,279
up €237,279 (+84.2%), from €281,658 to €518,937
- Staff costs +€85,249
up €85,249 (+52.3%), from €162,901 to €248,149
- Depreciation +€26,324
new in 2025: €26,324
- Financial charges +€17,205
up €17,205 (+528%), from €3,258 to €20,463
- Taxes -€7,327
down €7,327 (-41.9%), from €17,480 to €10,154
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
€139,855
Gross operating margin
+€237,279
Staff costs
-€85,249
Depreciation
-€26,324
Other operating charges
-€34
Financial income
-€3,632
Financial charges
-€17,205
Taxes
+€7,327
Deferred taxes and other
+€2,676
Result 2025
€254,693
raises the resultlowers the resultnot broken down further in the accounts
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
+€330,153
Investment
-€285,145
Financing
+€51,356
Cash 2024
€424,160
From operations (derived)
+€330,153
Net result for the year
+€254,693
Depreciation
+€26,324
Receivables within one year
-€218,724
Deferred charges and accrued income
-€33,593
Provisions
-€2,676
Trade debts
-€9,758
Tax, wage and social debts
+€4,787
Advances received
+€390,029
Other debts
+€185,000
Accrued charges and deferred income
-€265,929
Investment (derived)
-€285,145
Investment in fixed assets (net)
-€559,207
Current investments
+€274,062
Financing
+€51,356
Debts after one year
+€312,889
Current portion of long-term debt
+€23,467
Contributions, distributions and other
-€285,000
Cash 2025
€520,525
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,283,725 | €1,891,227 | +€607,502 | +47.3% |
| Fixed assets | 21/28 | €125 | €533,008 | +€532,883 | +426,306% |
| Intangible fixed assets | 21 | - | €41,357 | +€41,357 | |
| Tangible fixed assets | 22/27 | - | €491,651 | +€491,651 | |
| Land and buildings | 22 | - | €491,651 | +€491,651 | |
| Financial fixed assets | 28 | €125 | €0 | -€125 | -100% |
| Current assets | 29/58 | €1,283,600 | €1,358,219 | +€74,619 | +5.8% |
| Amounts receivable within one year | 40/41 | €356,956 | €575,680 | +€218,724 | +61.3% |
| Trade receivables | 40 | €68,794 | €400,407 | +€331,612 | +482% |
| Other amounts receivable | 41 | €288,162 | €175,274 | -€112,888 | -39.2% |
| Current investments | 50/53 | €481,496 | €207,434 | -€274,062 | -56.9% |
| Cash at bank and in hand | 54/58 | €424,160 | €520,525 | +€96,364 | +22.7% |
| Deferred charges and accrued income | 490/1 | €20,988 | €54,581 | +€33,593 | +160% |
| Total equity and liabilities | 10/49 | €1,283,725 | €1,891,227 | +€607,502 | +47.3% |
| Equity | 10/15 | €499,099 | €468,792 | -€30,307 | -6.1% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €465,099 | €434,792 | -€30,307 | -6.5% |
| Non-distributable reserves | 130/1 | €7,700 | €6,150 | -€1,550 | -20.1% |
| Reserves not available under the articles | 1311 | €7,700 | €6,150 | -€1,550 | -20.1% |
| Tax-exempt reserves | 132 | €165,282 | €157,254 | -€8,028 | -4.9% |
| Distributable reserves | 133 | €292,117 | €271,389 | -€20,729 | -7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €55,094 | €52,418 | -€2,676 | -4.9% |
| Deferred taxes | 168 | €55,094 | €52,418 | -€2,676 | -4.9% |
| Amounts payable | 17/49 | €729,533 | €1,370,017 | +€640,485 | +87.8% |
| Amounts payable after more than one year | 17 | - | €312,889 | +€312,889 | |
| Financial debts | 170/4 | - | €312,889 | +€312,889 | |
| Amounts payable within one year | 42/48 | €187,585 | €781,110 | +€593,525 | +316% |
| Current portion of amounts payable after more than one year | 42 | - | €23,467 | +€23,467 | |
| Trade debts | 44 | €35,945 | €26,187 | -€9,758 | -27.1% |
| Suppliers | 440/4 | €35,945 | €26,187 | -€9,758 | -27.1% |
| Advances received on contracts in progress | 46 | €0 | €390,029 | +€390,029 | |
| Taxes, remuneration and social security | 45 | €51,640 | €56,427 | +€4,787 | +9.3% |
| Taxes | 450/3 | €20,082 | €39,862 | +€19,780 | +98.5% |
| Remuneration and social security | 454/9 | €31,558 | €16,565 | -€14,993 | -47.5% |
| Other amounts payable | 47/48 | €100,000 | €285,000 | +€185,000 | +185% |
| Accrued charges and deferred income | 492/3 | €541,947 | €276,019 | -€265,929 | -49.1% |
| Remuneration, social security and pensions | 62 | €162,901 | €248,149 | +€85,249 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €26,324 | +€26,324 | |
| Other operating charges | 640/8 | €3,775 | €3,810 | +€34 | +0.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €281,658 | €518,937 | +€237,279 | +84.2% |
| Operating profit (loss) | 9901 | €114,982 | €240,654 | +€125,672 | +109% |
| Financial income | 75/76B | €45,612 | €41,980 | -€3,632 | -8.0% |
| Recurring financial income | 75 | €45,612 | €41,980 | -€3,632 | -8.0% |
| Financial charges | 65/66B | €3,258 | €20,463 | +€17,205 | +528% |
| Recurring financial charges | 65 | €3,258 | €20,463 | +€17,205 | +528% |
| Profit (loss) for the period before taxes | 9903 | €157,335 | €262,171 | +€104,836 | +66.6% |
| Transfer from deferred taxes | 780 | - | €2,676 | +€2,676 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €17,480 | €10,154 | -€7,327 | -41.9% |
| Profit (loss) for the period | 9904 | €139,855 | €254,693 | +€114,839 | +82.1% |
| Transfer from tax-exempt reserves | 789 | - | €8,028 | +€8,028 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €139,855 | €262,721 | +€122,867 | +87.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.