WOUTERS & BUS: 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.
WOUTERS & BUS
Largest movements
- Receivables within one year -€21,500
down €21,500 (-24.7%), from €86,968 to €65,468
of which Other amounts receivable: -€21,844
- Cash -€21,222
down €21,222 (-62.7%), from €33,832 to €12,610
mainly Contributions, distributions and other (-€35,505) and Net result for the year (-€5,321)
- Reserves -€39,897
down €39,897 (-51.2%), from €77,957 to €38,060
of which Distributable reserves: -€39,897
- Tax, wage and social debts -€3,721
down €3,721 (-69.6%), from €5,343 to €1,622
- Other debts +€2,690
up €2,690 (+10.8%), from €24,854 to €27,544
- Gross operating margin -€19,051
down €19,051, from €14,691 to -€4,359
- Taxes -€2,656
down €2,656 (-93.4%), from €2,842 to €186
- Financial income +€1,583
new in 2025: €1,583
- Other operating charges -€961
down €961 (-66.3%), from €1,451 to €490
- Financial charges -€735
down €735 (-39.9%), from €1,842 to €1,107
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 | €123,368 | €80,493 | -€42,875 | -34.8% |
| Fixed assets | 21/28 | €2,568 | €2,416 | -€152 | -5.9% |
| Tangible fixed assets | 22/27 | €2,568 | €2,416 | -€152 | -5.9% |
| Plant, machinery and equipment | 23 | - | €460 | +€460 | |
| Furniture and vehicles | 24 | €2,568 | €1,955 | -€613 | -23.9% |
| Current assets | 29/58 | €120,800 | €78,078 | -€42,723 | -35.4% |
| Amounts receivable within one year | 40/41 | €86,968 | €65,468 | -€21,500 | -24.7% |
| Trade receivables | 40 | €18,744 | €19,088 | +€344 | +1.8% |
| Other amounts receivable | 41 | €68,224 | €46,380 | -€21,844 | -32.0% |
| Cash at bank and in hand | 54/58 | €33,832 | €12,610 | -€21,222 | -62.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €123,368 | €80,493 | -€42,875 | -34.8% |
| Equity | 10/15 | €90,757 | €49,931 | -€40,826 | -45.0% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Reserves | 13 | €77,957 | €38,060 | -€39,897 | -51.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €76,097 | €36,200 | -€39,897 | -52.4% |
| Profit (loss) carried forward | 14 | €0 | -€929 | -€929 | |
| Amounts payable | 17/49 | €32,611 | €30,562 | -€2,049 | -6.3% |
| Amounts payable within one year | 42/48 | €31,225 | €30,334 | -€891 | -2.9% |
| Trade debts | 44 | €1,028 | €1,168 | +€140 | +13.6% |
| Suppliers | 440/4 | €1,028 | €1,168 | +€140 | +13.6% |
| Taxes, remuneration and social security | 45 | €5,343 | €1,622 | -€3,721 | -69.6% |
| Taxes | 450/3 | €5,343 | €1,622 | -€3,721 | -69.6% |
| Other amounts payable | 47/48 | €24,854 | €27,544 | +€2,690 | +10.8% |
| Accrued charges and deferred income | 492/3 | €1,386 | €228 | -€1,158 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495 | €761 | +€267 | +53.9% |
| Other operating charges | 640/8 | €1,451 | €490 | -€961 | -66.3% |
| Gross operating margin | 9900 | €14,691 | -€4,359 | -€19,051 | |
| Operating profit (loss) | 9901 | €12,745 | -€5,610 | -€18,356 | |
| Financial income | 75/76B | - | €1,583 | +€1,583 | |
| Recurring financial income | 75 | - | €1,583 | +€1,583 | |
| Financial charges | 65/66B | €1,842 | €1,107 | -€735 | -39.9% |
| Recurring financial charges | 65 | €1,842 | €1,107 | -€735 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €10,903 | -€5,134 | -€16,038 | |
| Income taxes | 67/77 | €2,842 | €186 | -€2,656 | -93.4% |
| Profit (loss) for the period | 9904 | €8,061 | -€5,321 | -€13,382 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,061 | -€5,321 | -€13,382 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.