ECS Bus & Coach: 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.
ECS Bus & Coach
Largest movements
- Receivables within one year +€3.4m
up €3.4m (+228%), from €1.5m to €4.9m
of which Other amounts receivable: +€3.0m
- Tangible fixed assets +€828,427
up €828,427 (+20.9%), from €4.0m to €4.8m
of which Furniture and vehicles: +€1.1m
- Cash -€281,429
no longer reported in 2025 (was €281,429)
mainly Receivables within one year (-€3.4m) and Investment in fixed assets (net) (-€1.6m)
- Trade debts +€3.5m
up €3.5m (+198%), from €1.8m to €5.3m
- Short-term financial debts -€810,067
no longer reported in 2025 (was €810,067)
- Tax, wage and social debts +€659,271
up €659,271 (+138%), from €478,266 to €1.1m
of which Remuneration and social security: +€460,814
- Other debts +€432,876
up €432,876 (+340%), from €127,392 to €560,268
- Profit (loss) carried forward +€139,678
up €139,678 (+37.6%), from -€371,116 to -€231,438
- Goods and materials +€518,818
up €518,818 (+24.8%), from €2.1m to €2.6m
- Turnover +€516,398
up €516,398 (+8.4%), from €6.1m to €6.7m
- Staff costs -€214,505
down €214,505 (-9.5%), from €2.3m to €2.0m
- Depreciation -€184,281
down €184,281 (-19.6%), from €939,564 to €755,282
- Other operating income -€179,917
no longer reported in 2025 (was €179,917)
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 | €5,753,652 | €9,714,642 | +€4.0m | +68.8% |
| Fixed assets | 21/28 | €3,967,281 | €4,813,968 | +€846,687 | +21.3% |
| Intangible fixed assets | 21 | - | €18,260 | +€18,260 | |
| Tangible fixed assets | 22/27 | €3,967,281 | €4,795,708 | +€828,427 | +20.9% |
| Plant, machinery and equipment | 23 | €25,685 | €10,504 | -€15,181 | -59.1% |
| Furniture and vehicles | 24 | €2,480,706 | €3,553,266 | +€1.1m | +43.2% |
| Leasing and similar rights | 25 | €1,460,310 | €1,186,098 | -€274,211 | -18.8% |
| Other tangible fixed assets | 26 | €580 | €45,839 | +€45,259 | +7,799% |
| Current assets | 29/58 | €1,786,371 | €4,900,673 | +€3.1m | +174% |
| Amounts receivable within one year | 40/41 | €1,491,607 | €4,895,660 | +€3.4m | +228% |
| Trade receivables | 40 | €789,608 | €1,186,953 | +€397,344 | +50.3% |
| Other amounts receivable | 41 | €701,999 | €3,708,708 | +€3.0m | +428% |
| Cash at bank and in hand | 54/58 | €281,429 | - | -€281,429 | |
| Deferred charges and accrued income | 490/1 | €13,335 | €5,013 | -€8,322 | -62.4% |
| Total equity and liabilities | 10/49 | €5,753,652 | €9,714,642 | +€4.0m | +68.8% |
| Equity | 10/15 | €1,659,079 | €1,798,757 | +€139,678 | +8.4% |
| Contributions | 10/11 | €1,952,500 | €1,952,500 | = | 0.0% |
| Capital | 10 | €1,952,500 | €1,952,500 | = | 0.0% |
| Issued capital | 100 | €2,100,000 | €2,100,000 | = | 0.0% |
| Uncalled capital | 101 | €147,500 | €147,500 | = | 0.0% |
| Reserves | 13 | €77,695 | €77,695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,174 | €4,174 | = | 0.0% |
| Legal reserve | 130 | €4,174 | €4,174 | = | 0.0% |
| Distributable reserves | 133 | €73,521 | €73,521 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€371,116 | -€231,438 | +€139,678 | +37.6% |
| Amounts payable | 17/49 | €4,094,573 | €7,915,885 | +€3.8m | +93.3% |
| Amounts payable after more than one year | 17 | €900,283 | €916,435 | +€16,152 | +1.8% |
| Financial debts | 170/4 | €719,850 | €916,435 | +€196,585 | +27.3% |
| Leasing and similar obligations | 172 | €719,850 | €897,999 | +€178,149 | +24.7% |
| Credit institutions | 173 | - | €18,436 | +€18,436 | |
| Other amounts payable | 178/9 | €180,433 | - | -€180,433 | |
| Amounts payable within one year | 42/48 | €3,194,290 | €6,997,657 | +€3.8m | +119% |
| Financial debts | 43 | €810,067 | - | -€810,067 | |
| Credit institutions | 430/8 | €810,067 | - | -€810,067 | |
| Trade debts | 44 | €1,778,564 | €5,299,852 | +€3.5m | +198% |
| Suppliers | 440/4 | €1,778,564 | €5,299,852 | +€3.5m | +198% |
| Taxes, remuneration and social security | 45 | €478,266 | €1,137,538 | +€659,271 | +138% |
| Taxes | 450/3 | €22,109 | €220,566 | +€198,457 | +898% |
| Remuneration and social security | 454/9 | €456,158 | €916,972 | +€460,814 | +101% |
| Other amounts payable | 47/48 | €127,392 | €560,268 | +€432,876 | +340% |
| Accrued charges and deferred income | 492/3 | - | €1,793 | +€1,793 | |
| Operating income | 70/76A | €6,347,496 | €6,885,419 | +€537,923 | +8.5% |
| Turnover | 70 | €6,149,872 | €6,666,271 | +€516,398 | +8.4% |
| Other operating income | 74 | €179,917 | - | -€179,917 | |
| Non-recurring operating income | 76A | €17,707 | €219,148 | +€201,441 | +1,138% |
| Operating charges | 60/66A | €5,994,377 | €6,694,622 | +€700,245 | +11.7% |
| Goods for resale, raw materials and consumables | 60 | €2,087,911 | €2,606,729 | +€518,818 | +24.8% |
| Purchases | 600/8 | €2,087,911 | €2,606,729 | +€518,818 | +24.8% |
| Services and other goods | 61 | €412,421 | €493,939 | +€81,519 | +19.8% |
| Remuneration, social security and pensions | 62 | €2,263,188 | €2,048,683 | -€214,505 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €939,564 | €755,282 | -€184,281 | -19.6% |
| Other operating charges | 640/8 | €33,515 | €47,676 | +€14,161 | +42.3% |
| Non-recurring operating charges | 66A | €257,780 | €742,312 | +€484,533 | +188% |
| Operating profit (loss) | 9901 | €353,119 | €190,797 | -€162,322 | -46.0% |
| Financial income | 75/76B | €8,642 | - | -€8,642 | |
| Recurring financial income | 75 | €8,642 | - | -€8,642 | |
| Other financial income | 752/9 | €8,642 | - | -€8,642 | |
| Financial charges | 65/66B | €76,387 | €46,739 | -€29,648 | -38.8% |
| Recurring financial charges | 65 | €76,387 | €46,739 | -€29,648 | -38.8% |
| Debt charges | 650 | €54,466 | €46,739 | -€7,727 | -14.2% |
| Other financial charges | 652/9 | €21,921 | - | -€21,921 | |
| Profit (loss) for the period before taxes | 9903 | €285,374 | €144,058 | -€141,316 | -49.5% |
| Profit (loss) for the period | 9904 | €285,374 | €144,058 | -€141,316 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €285,374 | €144,058 | -€141,316 | -49.5% |
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 1 November 2026 via checked.be.