Bus & Coach Services: 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 & Coach Services
Largest movements
- Deferred charges and accrued income +€22,971
up €22,971 (+176%), from €13,022 to €35,993
- Receivables within one year +€22,042
up €22,042 (+17.3%), from €127,519 to €149,561
of which Trade receivables: +€26,208
- Cash +€20,930
up €20,930 (+132%), from €15,798 to €36,728
mainly Depreciation (+€83,337) and Trade debts (+€80,396)
- Tangible fixed assets +€11,373
up €11,373 (+6.2%), from €184,283 to €195,656
of which Furniture and vehicles: +€12,623
- Trade debts +€80,396
up €80,396 (+86.9%), from €92,511 to €172,907
- Profit (loss) carried forward +€30,632
up €30,632 (+63.0%), from -€48,597 to -€17,965
- Tax, wage and social debts -€15,105
down €15,105 (-25.9%), from €58,280 to €43,175
of which Taxes: -€13,970
- Other debts -€12,675
down €12,675 (-4.1%), from €312,713 to €300,038
- Current portion of long-term debt -€6,935
down €6,935 (-15.3%), from €45,392 to €38,457
- Gross operating margin +€112,322
up €112,322 (+28.4%), from €395,685 to €508,007
- Staff costs -€35,539
down €35,539 (-8.8%), from €405,581 to €370,042
- Depreciation +€7,572
up €7,572 (+10.0%), from €75,765 to €83,337
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 | €554,111 | €627,565 | +€73,454 | +13.3% |
| Fixed assets | 21/28 | €194,724 | €205,735 | +€11,011 | +5.7% |
| Intangible fixed assets | 21 | €361 | - | -€361 | |
| Tangible fixed assets | 22/27 | €184,283 | €195,656 | +€11,373 | +6.2% |
| Plant, machinery and equipment | 23 | €2,500 | €1,250 | -€1,250 | -50.0% |
| Furniture and vehicles | 24 | €181,783 | €194,406 | +€12,623 | +6.9% |
| Financial fixed assets | 28 | €10,080 | €10,079 | -€1 | 0.0% |
| Current assets | 29/58 | €359,387 | €421,830 | +€62,443 | +17.4% |
| Stocks and contracts in progress | 3 | €203,048 | €199,548 | -€3,500 | -1.7% |
| Stocks | 30/36 | €203,048 | €199,548 | -€3,500 | -1.7% |
| Amounts receivable within one year | 40/41 | €127,519 | €149,561 | +€22,042 | +17.3% |
| Trade receivables | 40 | €115,318 | €141,526 | +€26,208 | +22.7% |
| Other amounts receivable | 41 | €12,201 | €8,034 | -€4,167 | -34.2% |
| Cash at bank and in hand | 54/58 | €15,798 | €36,728 | +€20,930 | +132% |
| Deferred charges and accrued income | 490/1 | €13,022 | €35,993 | +€22,971 | +176% |
| Total equity and liabilities | 10/49 | €554,111 | €627,565 | +€73,454 | +13.3% |
| Equity | 10/15 | €14,403 | €45,035 | +€30,632 | +213% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Contributions outside capital | 11 | €60,000 | - | -€60,000 | |
| Other | 1109/19 | €60,000 | - | -€60,000 | |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,597 | -€17,965 | +€30,632 | +63.0% |
| Amounts payable | 17/49 | €539,708 | €582,530 | +€42,822 | +7.9% |
| Amounts payable after more than one year | 17 | €30,812 | €27,953 | -€2,860 | -9.3% |
| Financial debts | 170/4 | €30,812 | €27,953 | -€2,860 | -9.3% |
| Amounts payable within one year | 42/48 | €508,896 | €554,577 | +€45,681 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €45,392 | €38,457 | -€6,935 | -15.3% |
| Trade debts | 44 | €92,511 | €172,907 | +€80,396 | +86.9% |
| Suppliers | 440/4 | €92,511 | €172,907 | +€80,396 | +86.9% |
| Taxes, remuneration and social security | 45 | €58,280 | €43,175 | -€15,105 | -25.9% |
| Taxes | 450/3 | €14,954 | €985 | -€13,970 | -93.4% |
| Remuneration and social security | 454/9 | €43,326 | €42,191 | -€1,135 | -2.6% |
| Other amounts payable | 47/48 | €312,713 | €300,038 | -€12,675 | -4.1% |
| Non-recurring operating income | 76A | - | €1,637 | +€1,637 | |
| Remuneration, social security and pensions | 62 | €405,581 | €370,042 | -€35,539 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,765 | €83,337 | +€7,572 | +10.0% |
| Other operating charges | 640/8 | €11,641 | €15,168 | +€3,527 | +30.3% |
| Gross operating margin | 9900 | €395,685 | €508,007 | +€112,322 | +28.4% |
| Operating profit (loss) | 9901 | -€97,302 | €39,460 | +€136,762 | |
| Financial income | 75/76B | €115 | €707 | +€592 | +515% |
| Recurring financial income | 75 | €115 | €707 | +€592 | +515% |
| Financial charges | 65/66B | €1,641 | €4,643 | +€3,002 | +183% |
| Recurring financial charges | 65 | €1,641 | €4,643 | +€3,002 | +183% |
| Profit (loss) for the period before taxes | 9903 | -€98,828 | €35,524 | +€134,352 | |
| Income taxes | 67/77 | €400 | €4,892 | +€4,492 | +1,123% |
| Profit (loss) for the period | 9904 | -€99,228 | €30,632 | +€129,860 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,228 | €30,632 | +€129,860 |
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 18 October 2026 via checked.be.