RUSTIBUS: 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.
RUSTIBUS
Largest movements
- Stocks and contracts -€287,265
down €287,265 (-22.8%), from €1.3m to €970,780
- Cash -€63,370
down €63,370 (-5.9%), from €1.1m to €1.0m
mainly Contributions, distributions and other (-€744,331) and Other debts (-€163,645)
- Receivables within one year +€36,490
up €36,490 (+4.8%), from €763,818 to €800,309
of which Trade receivables: +€34,048
- Other debts -€163,645
down €163,645 (-64.6%), from €253,494 to €89,849
- Reserves -€149,475
down €149,475 (-5.4%), from €2.8m to €2.6m
of which Distributable reserves: -€149,475
- Gross operating margin -€255,840
down €255,840 (-15.1%), from €1.7m to €1.4m
- Write-downs -€103,684
down €103,684, from €48,106 to -€55,578
- Taxes -€48,540
down €48,540 (-19.3%), from €251,914 to €203,375
- Staff costs +€19,524
up €19,524 (+3.0%), from €649,202 to €668,725
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 | €3,205,321 | €2,897,405 | -€307,916 | -9.6% |
| Fixed assets | 21/28 | €91,777 | €97,353 | +€5,575 | +6.1% |
| Tangible fixed assets | 22/27 | €91,777 | €97,353 | +€5,575 | +6.1% |
| Plant, machinery and equipment | 23 | €773 | €419 | -€354 | -45.8% |
| Furniture and vehicles | 24 | €73,882 | €82,900 | +€9,018 | +12.2% |
| Other tangible fixed assets | 26 | €17,123 | €14,034 | -€3,089 | -18.0% |
| Current assets | 29/58 | €3,113,544 | €2,800,053 | -€313,492 | -10.1% |
| Stocks and contracts in progress | 3 | €1,258,044 | €970,780 | -€287,265 | -22.8% |
| Stocks | 30/36 | €1,258,044 | €970,780 | -€287,265 | -22.8% |
| Amounts receivable within one year | 40/41 | €763,818 | €800,309 | +€36,490 | +4.8% |
| Trade receivables | 40 | €617,019 | €651,067 | +€34,048 | +5.5% |
| Other amounts receivable | 41 | €146,799 | €149,242 | +€2,442 | +1.7% |
| Cash at bank and in hand | 54/58 | €1,073,125 | €1,009,755 | -€63,370 | -5.9% |
| Deferred charges and accrued income | 490/1 | €18,556 | €19,209 | +€653 | +3.5% |
| Total equity and liabilities | 10/49 | €3,205,321 | €2,897,405 | -€307,916 | -9.6% |
| Equity | 10/15 | €2,849,603 | €2,700,128 | -€149,475 | -5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,787,603 | €2,638,128 | -€149,475 | -5.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,781,403 | €2,631,928 | -€149,475 | -5.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €355,719 | €197,278 | -€158,441 | -44.5% |
| Amounts payable within one year | 42/48 | €340,291 | €191,341 | -€148,950 | -43.8% |
| Trade debts | 44 | €21,385 | €30,532 | +€9,147 | +42.8% |
| Suppliers | 440/4 | €21,385 | €30,532 | +€9,147 | +42.8% |
| Taxes, remuneration and social security | 45 | €65,412 | €70,960 | +€5,547 | +8.5% |
| Taxes | 450/3 | €0 | €3,375 | +€3,375 | |
| Remuneration and social security | 454/9 | €65,412 | €67,585 | +€2,172 | +3.3% |
| Other amounts payable | 47/48 | €253,494 | €89,849 | -€163,645 | -64.6% |
| Accrued charges and deferred income | 492/3 | €15,427 | €5,937 | -€9,491 | -61.5% |
| Non-recurring operating income | 76A | €0 | €2,192 | +€2,192 | |
| Remuneration, social security and pensions | 62 | €649,202 | €668,725 | +€19,524 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,974 | €24,683 | -€291 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €48,106 | -€55,578 | -€103,684 | |
| Other operating charges | 640/8 | €9,046 | €9,301 | +€255 | +2.8% |
| Non-recurring operating charges | 66A | €189 | €0 | -€189 | -100.0% |
| Gross operating margin | 9900 | €1,689,521 | €1,433,681 | -€255,840 | -15.1% |
| Operating profit (loss) | 9901 | €958,005 | €786,550 | -€171,456 | -17.9% |
| Financial income | 75/76B | €41,017 | €25,408 | -€15,609 | -38.1% |
| Recurring financial income | 75 | €41,017 | €25,408 | -€15,609 | -38.1% |
| Financial charges | 65/66B | €6,946 | €13,727 | +€6,781 | +97.6% |
| Recurring financial charges | 65 | €6,946 | €13,727 | +€6,781 | +97.6% |
| Profit (loss) for the period before taxes | 9903 | €992,077 | €798,231 | -€193,846 | -19.5% |
| Income taxes | 67/77 | €251,914 | €203,375 | -€48,540 | -19.3% |
| Profit (loss) for the period | 9904 | €740,162 | €594,856 | -€145,307 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €740,162 | €594,856 | -€145,307 | -19.6% |
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 6 October 2026 via checked.be.