Bussing Management: 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.
Bussing Management
Largest movements
- Receivables within one year -€45,506
down €45,506 (-95.9%), from €47,458 to €1,951
of which Trade receivables: -€32,047
- Cash +€30,583
up €30,583 (+196%), from €15,597 to €46,181
mainly Net result for the year (+€56,686) and Receivables within one year (+€45,506)
- Debts after one year -€43,966
down €43,966 (-100%), from €43,966 to €0
- Profit (loss) carried forward +€21,686
up €21,686 (+2,164%), from €1,002 to €22,688
- Tax, wage and social debts +€5,169
up €5,169 (+12.8%), from €40,515 to €45,683
of which Remuneration and social security: +€8,517
- Current portion of long-term debt +€3,120
up €3,120 (+57.1%), from €5,468 to €8,588
- Trade debts -€1,337
down €1,337 (-93.9%), from €1,424 to €87
- Gross operating margin +€38,134
up €38,134 (+21.4%), from €178,514 to €216,648
- Staff costs +€22,389
up €22,389 (+21.2%), from €105,441 to €127,830
- Depreciation -€3,555
down €3,555 (-30.7%), from €11,565 to €8,010
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 | €130,927 | €115,514 | -€15,413 | -11.8% |
| Fixed assets | 21/28 | €66,598 | €66,445 | -€153 | -0.2% |
| Tangible fixed assets | 22/27 | €66,508 | €65,799 | -€709 | -1.1% |
| Land and buildings | 22 | €65,272 | €59,607 | -€5,665 | -8.7% |
| Plant, machinery and equipment | 23 | €416 | €1,409 | +€993 | +239% |
| Furniture and vehicles | 24 | €819 | €4,782 | +€3,963 | +484% |
| Financial fixed assets | 28 | €90 | €646 | +€556 | +618% |
| Current assets | 29/58 | €64,330 | €49,070 | -€15,260 | -23.7% |
| Amounts receivable within one year | 40/41 | €47,458 | €1,951 | -€45,506 | -95.9% |
| Trade receivables | 40 | €32,047 | €0 | -€32,047 | -100% |
| Other amounts receivable | 41 | €15,411 | €1,951 | -€13,459 | -87.3% |
| Cash at bank and in hand | 54/58 | €15,597 | €46,181 | +€30,583 | +196% |
| Deferred charges and accrued income | 490/1 | €1,275 | €938 | -€337 | -26.4% |
| Total equity and liabilities | 10/49 | €130,927 | €115,514 | -€15,413 | -11.8% |
| Equity | 10/15 | €4,002 | €25,688 | +€21,686 | +542% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,002 | €22,688 | +€21,686 | +2,164% |
| Amounts payable | 17/49 | €126,925 | €89,826 | -€37,099 | -29.2% |
| Amounts payable after more than one year | 17 | €43,966 | €0 | -€43,966 | -100% |
| Financial debts | 170/4 | €43,966 | €0 | -€43,966 | -100% |
| Amounts payable within one year | 42/48 | €82,959 | €89,826 | +€6,867 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €5,468 | €8,588 | +€3,120 | +57.1% |
| Financial debts | 43 | €552 | €456 | -€95 | -17.3% |
| Credit institutions | 430/8 | €552 | €456 | -€95 | -17.3% |
| Trade debts | 44 | €1,424 | €87 | -€1,337 | -93.9% |
| Suppliers | 440/4 | €1,424 | €87 | -€1,337 | -93.9% |
| Taxes, remuneration and social security | 45 | €40,515 | €45,683 | +€5,169 | +12.8% |
| Taxes | 450/3 | €32,498 | €29,150 | -€3,348 | -10.3% |
| Remuneration and social security | 454/9 | €8,017 | €16,534 | +€8,517 | +106% |
| Other amounts payable | 47/48 | €35,000 | €35,010 | +€10 | 0.0% |
| Remuneration, social security and pensions | 62 | €105,441 | €127,830 | +€22,389 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,565 | €8,010 | -€3,555 | -30.7% |
| Other operating charges | 640/8 | €1,909 | €1,812 | -€97 | -5.1% |
| Gross operating margin | 9900 | €178,514 | €216,648 | +€38,134 | +21.4% |
| Operating profit (loss) | 9901 | €59,598 | €78,996 | +€19,398 | +32.5% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €6,951 | €6,095 | -€856 | -12.3% |
| Recurring financial charges | 65 | €6,951 | €6,095 | -€856 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €52,647 | €72,911 | +€20,264 | +38.5% |
| Income taxes | 67/77 | €14,335 | €16,225 | +€1,890 | +13.2% |
| Profit (loss) for the period | 9904 | €38,312 | €56,686 | +€18,374 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,312 | €56,686 | +€18,374 | +48.0% |
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 27 October 2026 via checked.be.