A.M. BUSES: 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.
A.M. BUSES
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+39.6%), from €4.2m to €5.9m
- Current investments -€399,820
down €399,820 (-66.5%), from €601,320 to €201,500
- Cash +€100,389
up €100,389 (+26.2%), from €383,346 to €483,735
mainly Net result for the year (+€1.3m) and Current investments (+€399,820)
- Reserves +€1.3m
up €1.3m (+46.2%), from €2.7m to €4.0m
of which Distributable reserves: +€1.3m
- Trade debts +€275,535
up €275,535 (+11.9%), from €2.3m to €2.6m
- Tax, wage and social debts -€92,227
down €92,227 (-34.0%), from €271,464 to €179,237
of which Taxes: -€99,213
- Staff costs +€61,735
up €61,735 (+92.6%), from €66,672 to €128,406
- Gross operating margin -€57,882
down €57,882 (-2.7%), from €2.1m to €2.1m
- Taxes -€33,590
down €33,590 (-7.3%), from €458,871 to €425,281
- Depreciation +€22,281
up €22,281 (+9.1%), from €243,612 to €265,893
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 | €6,872,620 | €8,326,795 | +€1.5m | +21.2% |
| Fixed assets | 21/28 | €840,789 | €869,920 | +€29,130 | +3.5% |
| Tangible fixed assets | 22/27 | €840,733 | €869,864 | +€29,130 | +3.5% |
| Land and buildings | 22 | €212,022 | €210,933 | -€1,089 | -0.5% |
| Plant, machinery and equipment | 23 | €38,827 | €66,359 | +€27,531 | +70.9% |
| Furniture and vehicles | 24 | €589,884 | €592,572 | +€2,688 | +0.5% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €6,031,830 | €7,456,875 | +€1.4m | +23.6% |
| Stocks and contracts in progress | 3 | €4,194,906 | €5,854,336 | +€1.7m | +39.6% |
| Stocks | 30/36 | €4,194,906 | €5,854,336 | +€1.7m | +39.6% |
| Amounts receivable within one year | 40/41 | €847,040 | €912,037 | +€64,997 | +7.7% |
| Trade receivables | 40 | €847,040 | €878,131 | +€31,092 | +3.7% |
| Other amounts receivable | 41 | - | €33,905 | +€33,905 | |
| Current investments | 50/53 | €601,320 | €201,500 | -€399,820 | -66.5% |
| Cash at bank and in hand | 54/58 | €383,346 | €483,735 | +€100,389 | +26.2% |
| Deferred charges and accrued income | 490/1 | €5,218 | €5,268 | +€50 | +1.0% |
| Total equity and liabilities | 10/49 | €6,872,620 | €8,326,795 | +€1.5m | +21.2% |
| Equity | 10/15 | €4,283,094 | €5,554,208 | +€1.3m | +29.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,748,900 | €4,019,200 | +€1.3m | +46.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,742,700 | €4,013,000 | +€1.3m | +46.3% |
| Profit (loss) carried forward | 14 | €1,472,194 | €1,473,008 | +€814 | +0.1% |
| Amounts payable | 17/49 | €2,589,526 | €2,772,587 | +€183,061 | +7.1% |
| Amounts payable within one year | 42/48 | €2,589,526 | €2,772,587 | +€183,061 | +7.1% |
| Trade debts | 44 | €2,314,141 | €2,589,676 | +€275,535 | +11.9% |
| Suppliers | 440/4 | €2,314,141 | €2,589,676 | +€275,535 | +11.9% |
| Taxes, remuneration and social security | 45 | €271,464 | €179,237 | -€92,227 | -34.0% |
| Taxes | 450/3 | €266,013 | €166,800 | -€99,213 | -37.3% |
| Remuneration and social security | 454/9 | €5,452 | €12,438 | +€6,986 | +128% |
| Other amounts payable | 47/48 | €3,921 | €3,673 | -€248 | -6.3% |
| Non-recurring operating income | 76A | €8,835 | €1,391 | -€7,443 | -84.3% |
| Remuneration, social security and pensions | 62 | €66,672 | €128,406 | +€61,735 | +92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243,612 | €265,893 | +€22,281 | +9.1% |
| Other operating charges | 640/8 | €8,328 | €8,229 | -€99 | -1.2% |
| Gross operating margin | 9900 | €2,129,299 | €2,071,416 | -€57,882 | -2.7% |
| Operating profit (loss) | 9901 | €1,810,687 | €1,668,889 | -€141,799 | -7.8% |
| Financial income | 75/76B | €14,990 | €32,272 | +€17,282 | +115% |
| Recurring financial income | 75 | €14,990 | €32,272 | +€17,282 | +115% |
| Financial charges | 65/66B | €5,196 | €4,765 | -€431 | -8.3% |
| Recurring financial charges | 65 | €5,196 | €4,765 | -€431 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €1,820,481 | €1,696,395 | -€124,086 | -6.8% |
| Income taxes | 67/77 | €458,871 | €425,281 | -€33,590 | -7.3% |
| Profit (loss) for the period | 9904 | €1,361,610 | €1,271,114 | -€90,496 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,361,610 | €1,271,114 | -€90,496 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.