BUS: 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.
BUS
Largest movements
- Current investments +€55,576
new in 2025: €55,576
- Cash -€54,079
down €54,079 (-54.5%), from €99,217 to €45,138
mainly Current investments (-€55,576)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€3,078
down €3,078 (-69.1%), from €4,457 to €1,379
of which Non-recurring financial income: -€3,310
- Taxes +€1,222
up €1,222 (+207%), from €591 to €1,814
- Gross operating margin +€710
up €710 (+15.6%), from €4,548 to €5,258
- Other operating charges +€152
up €152 (+7.4%), from €2,068 to €2,220
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 | €247,921 | €249,155 | +€1,234 | +0.5% |
| Fixed assets | 21/28 | €148,704 | €148,441 | -€263 | -0.2% |
| Tangible fixed assets | 22/27 | €148,704 | €148,441 | -€263 | -0.2% |
| Land and buildings | 22 | €148,704 | €148,441 | -€263 | -0.2% |
| Current assets | 29/58 | €99,217 | €100,714 | +€1,497 | +1.5% |
| Current investments | 50/53 | - | €55,576 | +€55,576 | |
| Cash at bank and in hand | 54/58 | €99,217 | €45,138 | -€54,079 | -54.5% |
| Total equity and liabilities | 10/49 | €247,921 | €249,155 | +€1,234 | +0.5% |
| Equity | 10/15 | €247,921 | €249,155 | +€1,234 | +0.5% |
| Contributions | 10/11 | €151,215 | €151,215 | = | 0.0% |
| Capital | 10 | €151,215 | €151,215 | = | 0.0% |
| Issued capital | 100 | €151,215 | €151,215 | = | 0.0% |
| Reserves | 13 | €5,150 | €5,212 | +€62 | +1.2% |
| Non-distributable reserves | 130/1 | €5,150 | €5,212 | +€62 | +1.2% |
| Legal reserve | 130 | €5,150 | €5,212 | +€62 | +1.2% |
| Profit (loss) carried forward | 14 | €91,555 | €92,728 | +€1,172 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €263 | = | 0.0% |
| Other operating charges | 640/8 | €2,068 | €2,220 | +€152 | +7.4% |
| Non-recurring operating charges | 66A | - | €1,067 | +€1,067 | |
| Gross operating margin | 9900 | €4,548 | €5,258 | +€710 | +15.6% |
| Operating profit (loss) | 9901 | €2,218 | €1,708 | -€510 | -23.0% |
| Financial income | 75/76B | €4,457 | €1,379 | -€3,078 | -69.1% |
| Recurring financial income | 75 | €1,146 | €1,379 | +€232 | +20.3% |
| Non-recurring financial income | 76B | €3,310 | - | -€3,310 | |
| Financial charges | 65/66B | €38 | €39 | +€2 | +4.0% |
| Recurring financial charges | 65 | €38 | €39 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €6,637 | €3,048 | -€3,589 | -54.1% |
| Income taxes | 67/77 | €591 | €1,814 | +€1,222 | +207% |
| Profit (loss) for the period | 9904 | €6,046 | €1,234 | -€4,811 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,046 | €1,234 | -€4,811 | -79.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.