Pullman Bus: 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.
Pullman Bus
Largest movements
- Cash -€1.0m
down €1.0m (-79.0%), from €1.3m to €270,705
mainly Other debts (-€707,111) and Trade debts (-€614,052)
- Tangible fixed assets -€291,459
down €291,459 (-10.1%), from €2.9m to €2.6m
of which Leasing and similar rights: -€149,502
- Receivables within one year -€129,331
down €129,331 (-9.2%), from €1.4m to €1.3m
of which Trade receivables: -€208,615
- Other debts -€707,111
down €707,111 (-35.6%), from €2.0m to €1.3m
- Trade debts -€614,052
down €614,052 (-62.2%), from €987,219 to €373,167
- Current portion of long-term debt -€116,992
down €116,992 (-17.6%), from €663,054 to €546,063
- Tax, wage and social debts -€99,446
down €99,446 (-27.1%), from €366,643 to €267,196
of which Remuneration and social security: -€72,188
- Debts after one year +€77,083
up €77,083 (+10.8%), from €711,267 to €788,350
- Gross operating margin -€1.4m
down €1.4m (-25.1%), from €5.5m to €4.1m
- Staff costs -€109,467
down €109,467 (-4.0%), from €2.7m to €2.6m
- Depreciation +€85,643
up €85,643 (+12.2%), from €700,041 to €785,683
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 | €5,744,154 | €4,279,014 | -€1.5m | -25.5% |
| Fixed assets | 21/28 | €2,894,146 | €2,600,857 | -€293,289 | -10.1% |
| Intangible fixed assets | 21 | €13,133 | €11,303 | -€1,830 | -13.9% |
| Tangible fixed assets | 22/27 | €2,881,013 | €2,589,554 | -€291,459 | -10.1% |
| Plant, machinery and equipment | 23 | €86,640 | €70,127 | -€16,512 | -19.1% |
| Furniture and vehicles | 24 | €1,887,530 | €1,774,692 | -€112,838 | -6.0% |
| Leasing and similar rights | 25 | €814,984 | €665,482 | -€149,502 | -18.3% |
| Other tangible fixed assets | 26 | €73,860 | €61,253 | -€12,607 | -17.1% |
| Assets under construction and advance payments | 27 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €2,850,008 | €1,678,157 | -€1.2m | -41.1% |
| Stocks and contracts in progress | 3 | €26,101 | €46,843 | +€20,743 | +79.5% |
| Stocks | 30/36 | €26,101 | €46,843 | +€20,743 | +79.5% |
| Amounts receivable within one year | 40/41 | €1,413,150 | €1,283,819 | -€129,331 | -9.2% |
| Trade receivables | 40 | €879,177 | €670,562 | -€208,615 | -23.7% |
| Other amounts receivable | 41 | €533,973 | €613,257 | +€79,284 | +14.8% |
| Cash at bank and in hand | 54/58 | €1,290,992 | €270,705 | -€1.0m | -79.0% |
| Deferred charges and accrued income | 490/1 | €119,766 | €76,789 | -€42,977 | -35.9% |
| Total equity and liabilities | 10/49 | €5,744,154 | €4,279,014 | -€1.5m | -25.5% |
| Equity | 10/15 | €828,976 | €837,548 | +€8,571 | +1.0% |
| Contributions | 10/11 | €187,420 | €187,420 | = | 0.0% |
| Reserves | 13 | €615,470 | €615,470 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,742 | €18,742 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,742 | €18,742 | = | 0.0% |
| Distributable reserves | 133 | €596,728 | €596,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,087 | €34,658 | +€8,571 | +32.9% |
| Provisions and deferred taxes | 16 | €134,296 | €134,296 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €134,296 | €134,296 | = | 0.0% |
| Other liabilities and charges | 164/5 | €134,296 | €134,296 | = | 0.0% |
| Amounts payable | 17/49 | €4,780,882 | €3,307,170 | -€1.5m | -30.8% |
| Amounts payable after more than one year | 17 | €711,267 | €788,350 | +€77,083 | +10.8% |
| Financial debts | 170/4 | €711,267 | €788,350 | +€77,083 | +10.8% |
| Amounts payable within one year | 42/48 | €4,001,983 | €2,464,383 | -€1.5m | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €663,054 | €546,063 | -€116,992 | -17.6% |
| Trade debts | 44 | €987,219 | €373,167 | -€614,052 | -62.2% |
| Suppliers | 440/4 | €987,219 | €373,167 | -€614,052 | -62.2% |
| Taxes, remuneration and social security | 45 | €366,643 | €267,196 | -€99,446 | -27.1% |
| Taxes | 450/3 | €48,812 | €21,554 | -€27,258 | -55.8% |
| Remuneration and social security | 454/9 | €317,831 | €245,643 | -€72,188 | -22.7% |
| Other amounts payable | 47/48 | €1,985,067 | €1,277,957 | -€707,111 | -35.6% |
| Accrued charges and deferred income | 492/3 | €67,631 | €54,437 | -€13,194 | -19.5% |
| Remuneration, social security and pensions | 62 | €2,715,019 | €2,605,552 | -€109,467 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700,041 | €785,683 | +€85,643 | +12.2% |
| Other operating charges | 640/8 | €24,015 | €21,622 | -€2,393 | -10.0% |
| Gross operating margin | 9900 | €5,496,899 | €4,118,735 | -€1.4m | -25.1% |
| Operating profit (loss) | 9901 | €2,057,825 | €705,879 | -€1.4m | -65.7% |
| Financial income | 75/76B | €17,497 | €15,243 | -€2,254 | -12.9% |
| Recurring financial income | 75 | €17,497 | €15,243 | -€2,254 | -12.9% |
| Financial charges | 65/66B | €93,423 | €107,381 | +€13,958 | +14.9% |
| Recurring financial charges | 65 | €93,423 | €107,381 | +€13,958 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €1,981,899 | €613,741 | -€1.4m | -69.0% |
| Income taxes | 67/77 | €65,407 | €30,169 | -€35,238 | -53.9% |
| Profit (loss) for the period | 9904 | €1,916,492 | €583,571 | -€1.3m | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,916,492 | €583,571 | -€1.3m | -69.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.