BusZ: 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.
BusZ
Largest movements
- Cash -€125,865
down €125,865 (-96.7%), from €130,196 to €4,331
mainly Contributions, distributions and other (-€153,762) and Other debts (-€87,645)
- Receivables within one year +€25,566
up €25,566 (+69.6%), from €36,723 to €62,289
of which Trade receivables: +€26,187
- Deferred charges and accrued income -€10,106
down €10,106 (-61.6%), from €16,407 to €6,300
- Tangible fixed assets -€2,599
down €2,599 (-24.6%), from €10,574 to €7,975
of which Furniture and vehicles: -€2,156
- Other debts -€87,645
down €87,645 (-61.1%), from €143,368 to €55,723
- Tax, wage and social debts -€24,336
down €24,336 (-79.6%), from €30,562 to €6,226
of which Remuneration and social security: -€22,479
- Gross operating margin -€16,487
down €16,487 (-7.4%), from €223,616 to €207,130
- Taxes -€2,771
down €2,771 (-5.4%), from €51,551 to €48,780
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 | €193,899 | €80,895 | -€113,004 | -58.3% |
| Fixed assets | 21/28 | €10,574 | €7,975 | -€2,599 | -24.6% |
| Tangible fixed assets | 22/27 | €10,574 | €7,975 | -€2,599 | -24.6% |
| Plant, machinery and equipment | 23 | €1,682 | €1,239 | -€443 | -26.3% |
| Furniture and vehicles | 24 | €8,892 | €6,736 | -€2,156 | -24.2% |
| Current assets | 29/58 | €183,325 | €72,920 | -€110,405 | -60.2% |
| Amounts receivable within one year | 40/41 | €36,723 | €62,289 | +€25,566 | +69.6% |
| Trade receivables | 40 | €34,881 | €61,069 | +€26,187 | +75.1% |
| Other amounts receivable | 41 | €1,842 | €1,220 | -€622 | -33.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €130,196 | €4,331 | -€125,865 | -96.7% |
| Deferred charges and accrued income | 490/1 | €16,407 | €6,300 | -€10,106 | -61.6% |
| Total equity and liabilities | 10/49 | €193,899 | €80,895 | -€113,004 | -58.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €175,299 | €62,295 | -€113,004 | -64.5% |
| Amounts payable within one year | 42/48 | €175,299 | €62,295 | -€113,004 | -64.5% |
| Trade debts | 44 | €1,369 | €346 | -€1,023 | -74.7% |
| Suppliers | 440/4 | €1,369 | €346 | -€1,023 | -74.7% |
| Taxes, remuneration and social security | 45 | €30,562 | €6,226 | -€24,336 | -79.6% |
| Taxes | 450/3 | €5,269 | €3,412 | -€1,857 | -35.2% |
| Remuneration and social security | 454/9 | €25,293 | €2,814 | -€22,479 | -88.9% |
| Other amounts payable | 47/48 | €143,368 | €55,723 | -€87,645 | -61.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,095 | €3,956 | -€139 | -3.4% |
| Other operating charges | 640/8 | €615 | €631 | +€16 | +2.6% |
| Gross operating margin | 9900 | €223,616 | €207,130 | -€16,487 | -7.4% |
| Operating profit (loss) | 9901 | €218,906 | €202,542 | -€16,364 | -7.5% |
| Financial income | 75/76B | €1,316 | €0 | -€1,316 | -100.0% |
| Recurring financial income | 75 | €1,316 | €0 | -€1,316 | -100.0% |
| Financial charges | 65/66B | €52 | €0 | -€52 | -100.0% |
| Recurring financial charges | 65 | €52 | €0 | -€52 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €220,171 | €202,542 | -€17,628 | -8.0% |
| Income taxes | 67/77 | €51,551 | €48,780 | -€2,771 | -5.4% |
| Profit (loss) for the period | 9904 | €168,620 | €153,762 | -€14,857 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €168,620 | €153,762 | -€14,857 | -8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.