Busvalar: 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.
Busvalar
Largest movements
- Receivables within one year -€29,046
down €29,046 (-64.7%), from €44,920 to €15,874
of which Trade receivables: -€32,067
- Cash -€9,428
down €9,428 (-29.9%), from €31,533 to €22,105
mainly Net result for the year (-€31,106) and Tax, wage and social debts (-€6,313)
- Tangible fixed assets -€2,502
down €2,502 (-9.6%), from €25,987 to €23,485
of which Land and buildings: -€2,290
- Profit (loss) carried forward -€31,106
down €31,106 (-782%), from -€3,979 to -€35,085
- Tax, wage and social debts -€6,313
down €6,313 (-70.9%), from €8,905 to €2,593
- Trade debts -€2,358
down €2,358 (-28.6%), from €8,236 to €5,878
- Gross operating margin -€41,479
down €41,479, from €17,400 to -€24,079
- Depreciation -€8,481
down €8,481 (-59.0%), from €14,376 to €5,895
- Taxes -€5,309
down €5,309 (-94.8%), from €5,601 to €292
- Financial income +€332
up €332 (+414%), from €80 to €412
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 | €103,379 | €62,649 | -€40,730 | -39.4% |
| Fixed assets | 21/28 | €25,987 | €23,485 | -€2,502 | -9.6% |
| Tangible fixed assets | 22/27 | €25,987 | €23,485 | -€2,502 | -9.6% |
| Land and buildings | 22 | €18,493 | €16,204 | -€2,290 | -12.4% |
| Plant, machinery and equipment | 23 | €4,524 | €5,501 | +€976 | +21.6% |
| Furniture and vehicles | 24 | €2,969 | €1,781 | -€1,189 | -40.0% |
| Current assets | 29/58 | €77,392 | €39,164 | -€38,228 | -49.4% |
| Amounts receivable within one year | 40/41 | €44,920 | €15,874 | -€29,046 | -64.7% |
| Trade receivables | 40 | €34,641 | €2,574 | -€32,067 | -92.6% |
| Other amounts receivable | 41 | €10,279 | €13,300 | +€3,021 | +29.4% |
| Cash at bank and in hand | 54/58 | €31,533 | €22,105 | -€9,428 | -29.9% |
| Deferred charges and accrued income | 490/1 | €940 | €1,185 | +€246 | +26.2% |
| Total equity and liabilities | 10/49 | €103,379 | €62,649 | -€40,730 | -39.4% |
| Equity | 10/15 | €84,951 | €53,845 | -€31,106 | -36.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,731 | €82,731 | = | 0.0% |
| Distributable reserves | 133 | €82,731 | €82,731 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,979 | -€35,085 | -€31,106 | -782% |
| Amounts payable | 17/49 | €18,427 | €8,803 | -€9,624 | -52.2% |
| Amounts payable within one year | 42/48 | €17,142 | €8,470 | -€8,671 | -50.6% |
| Trade debts | 44 | €8,236 | €5,878 | -€2,358 | -28.6% |
| Suppliers | 440/4 | €8,236 | €5,878 | -€2,358 | -28.6% |
| Taxes, remuneration and social security | 45 | €8,905 | €2,593 | -€6,313 | -70.9% |
| Taxes | 450/3 | €8,905 | €2,593 | -€6,313 | -70.9% |
| Accrued charges and deferred income | 492/3 | €1,286 | €333 | -€953 | -74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,376 | €5,895 | -€8,481 | -59.0% |
| Other operating charges | 640/8 | €1,305 | €1,146 | -€160 | -12.2% |
| Gross operating margin | 9900 | €17,400 | -€24,079 | -€41,479 | |
| Operating profit (loss) | 9901 | €1,718 | -€31,120 | -€32,838 | |
| Financial income | 75/76B | €80 | €412 | +€332 | +414% |
| Recurring financial income | 75 | €80 | €412 | +€332 | +414% |
| Financial charges | 65/66B | €177 | €106 | -€71 | -39.9% |
| Recurring financial charges | 65 | €177 | €106 | -€71 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €1,622 | -€30,814 | -€32,436 | |
| Income taxes | 67/77 | €5,601 | €292 | -€5,309 | -94.8% |
| Profit (loss) for the period | 9904 | -€3,979 | -€31,106 | -€27,127 | -682% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,979 | -€31,106 | -€27,127 | -682% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.