BUBUS: what changed
Two fiscal 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.
BUBUS
Largest movements
- Cash +€73,774
up €73,774 (+125.9%), from €58,610 to €132,384
mainly Other debts (+€114,611) and Net result for the year (+€72,369)
- Tangible fixed assets -€21,583
down €21,583 (-4.0%), from €540,651 to €519,067
of which Furniture and vehicles: -€20,673
- Receivables within one year -€17,164
down €17,164 (-33.5%), from €51,237 to €34,072
- Other debts +€114,611
up €114,611 (+272.5%), from €42,054 to €156,665
- Reserves -€86,634
down €86,634 (-25.2%), from €344,465 to €257,831
of which Distributable reserves: -€83,300
- Debts after one year -€34,268
down €34,268 (-13.5%), from €254,228 to €219,960
- Trade debts +€32,378
up €32,378 (+141.1%), from €22,950 to €55,328
- Tax, wage and social debts +€11,948
up €11,948 (+93.7%), from €12,757 to €24,706
- Gross operating margin +€38,622
up €38,622 (+31.4%), from €122,812 to €161,434
- Taxes +€12,548
up €12,548 (+48.0%), from €26,143 to €38,691
- Depreciation +€2,622
up €2,622 (+6.9%), from €37,773 to €40,395
- Financial charges +€1,632
up €1,632 (+22.4%), from €7,293 to €8,925
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.
Cash bridge derived
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 | €839,747 | €874,119 | +€34,373 | +4.1% |
| Fixed assets | 21/28 | €701,411 | €679,827 | -€21,583 | -3.1% |
| Tangible fixed assets | 22/27 | €540,651 | €519,067 | -€21,583 | -4.0% |
| Land and buildings | 22 | €501,689 | €493,594 | -€8,095 | -1.6% |
| Plant, machinery and equipment | 23 | €1,162 | €8,347 | +€7,185 | +618.5% |
| Furniture and vehicles | 24 | €37,800 | €17,127 | -€20,673 | -54.7% |
| Financial fixed assets | 28 | €160,760 | €160,760 | = | 0.0% |
| Current assets | 29/58 | €138,336 | €194,292 | +€55,956 | +40.4% |
| Amounts receivable within one year | 40/41 | €51,237 | €34,072 | -€17,164 | -33.5% |
| Trade receivables | 40 | €51,237 | €34,072 | -€17,164 | -33.5% |
| Current investments | 50/53 | €28,446 | €27,761 | -€685 | -2.4% |
| Cash at bank and in hand | 54/58 | €58,610 | €132,384 | +€73,774 | +125.9% |
| Deferred charges and accrued income | 490/1 | €43 | €74 | +€31 | +71.3% |
| Total equity and liabilities | 10/49 | €839,747 | €874,119 | +€34,373 | +4.1% |
| Equity | 10/15 | €415,386 | €328,755 | -€86,631 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €344,465 | €257,831 | -€86,634 | -25.2% |
| Tax-exempt reserves | 132 | €74,505 | €71,171 | -€3,334 | -4.5% |
| Distributable reserves | 133 | €269,960 | €186,660 | -€83,300 | -30.9% |
| Profit (loss) carried forward | 14 | €52,321 | €52,324 | +€3 | 0.0% |
| Provisions and deferred taxes | 16 | €30,486 | €29,375 | -€1,111 | -3.6% |
| Deferred taxes | 168 | €30,486 | €29,375 | -€1,111 | -3.6% |
| Amounts payable | 17/49 | €393,875 | €515,990 | +€122,115 | +31.0% |
| Amounts payable after more than one year | 17 | €254,228 | €219,960 | -€34,268 | -13.5% |
| Financial debts | 170/4 | €254,228 | €219,960 | -€34,268 | -13.5% |
| Amounts payable within one year | 42/48 | €115,401 | €270,967 | +€155,566 | +134.8% |
| Current portion of amounts payable after more than one year | 42 | €33,903 | €34,268 | +€364 | +1.1% |
| Financial debts | 43 | €3,736 | - | -€3,736 | |
| Credit institutions | 430/8 | €3,736 | - | -€3,736 | |
| Trade debts | 44 | €22,950 | €55,328 | +€32,378 | +141.1% |
| Suppliers | 440/4 | €22,950 | €55,328 | +€32,378 | +141.1% |
| Taxes, remuneration and social security | 45 | €12,757 | €24,706 | +€11,948 | +93.7% |
| Taxes | 450/3 | €12,757 | €24,706 | +€11,948 | +93.7% |
| Other amounts payable | 47/48 | €42,054 | €156,665 | +€114,611 | +272.5% |
| Accrued charges and deferred income | 492/3 | €24,246 | €25,063 | +€817 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,773 | €40,395 | +€2,622 | +6.9% |
| Other operating charges | 640/8 | €3,010 | €3,114 | +€103 | +3.4% |
| Gross operating margin | 9900 | €122,812 | €161,434 | +€38,622 | +31.4% |
| Operating profit (loss) | 9901 | €82,029 | €117,926 | +€35,897 | +43.8% |
| Financial income | 75/76B | €507 | €949 | +€441 | +86.9% |
| Recurring financial income | 75 | €507 | €949 | +€441 | +86.9% |
| Financial charges | 65/66B | €7,293 | €8,925 | +€1,632 | +22.4% |
| Recurring financial charges | 65 | €7,293 | €8,925 | +€1,632 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €75,243 | €109,949 | +€34,706 | +46.1% |
| Transfer from deferred taxes | 780 | €1,111 | €1,111 | = | 0.0% |
| Income taxes | 67/77 | €26,143 | €38,691 | +€12,548 | +48.0% |
| Profit (loss) for the period | 9904 | €50,211 | €72,369 | +€22,158 | +44.1% |
| Transfer from tax-exempt reserves | 789 | €3,334 | €3,334 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,545 | €75,703 | +€22,158 | +41.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.