BUS: what changed
BUS
Largest movements
- Current investments +€55,576
new in 2025: €55,576
- Cash -€54,079
down €54,079 (-54.5%), from €99,217 to €45,138
mainly Current investments (-€55,576)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€3,078
down €3,078 (-69.1%), from €4,457 to €1,379
of which Non-recurring financial income: -€3,310
- Taxes +€1,222
up €1,222 (+207%), from €591 to €1,814
- Gross operating margin +€710
up €710 (+15.6%), from €4,548 to €5,258
- Other operating charges +€152
up €152 (+7.4%), from €2,068 to €2,220
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,921 | €249,155 | +€1,234 | +0.5% |
| Fixed assets | 21/28 | €148,704 | €148,441 | -€263 | -0.2% |
| Tangible fixed assets | 22/27 | €148,704 | €148,441 | -€263 | -0.2% |
| Land and buildings | 22 | €148,704 | €148,441 | -€263 | -0.2% |
| Current assets | 29/58 | €99,217 | €100,714 | +€1,497 | +1.5% |
| Current investments | 50/53 | - | €55,576 | +€55,576 | |
| Cash at bank and in hand | 54/58 | €99,217 | €45,138 | -€54,079 | -54.5% |
| Total equity and liabilities | 10/49 | €247,921 | €249,155 | +€1,234 | +0.5% |
| Equity | 10/15 | €247,921 | €249,155 | +€1,234 | +0.5% |
| Contributions | 10/11 | €151,215 | €151,215 | = | 0.0% |
| Capital | 10 | €151,215 | €151,215 | = | 0.0% |
| Issued capital | 100 | €151,215 | €151,215 | = | 0.0% |
| Reserves | 13 | €5,150 | €5,212 | +€62 | +1.2% |
| Non-distributable reserves | 130/1 | €5,150 | €5,212 | +€62 | +1.2% |
| Legal reserve | 130 | €5,150 | €5,212 | +€62 | +1.2% |
| Profit (loss) carried forward | 14 | €91,555 | €92,728 | +€1,172 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €263 | = | 0.0% |
| Other operating charges | 640/8 | €2,068 | €2,220 | +€152 | +7.4% |
| Non-recurring operating charges | 66A | - | €1,067 | +€1,067 | |
| Gross operating margin | 9900 | €4,548 | €5,258 | +€710 | +15.6% |
| Operating profit (loss) | 9901 | €2,218 | €1,708 | -€510 | -23.0% |
| Financial income | 75/76B | €4,457 | €1,379 | -€3,078 | -69.1% |
| Recurring financial income | 75 | €1,146 | €1,379 | +€232 | +20.3% |
| Non-recurring financial income | 76B | €3,310 | - | -€3,310 | |
| Financial charges | 65/66B | €38 | €39 | +€2 | +4.0% |
| Recurring financial charges | 65 | €38 | €39 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €6,637 | €3,048 | -€3,589 | -54.1% |
| Income taxes | 67/77 | €591 | €1,814 | +€1,222 | +207% |
| Profit (loss) for the period | 9904 | €6,046 | €1,234 | -€4,811 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,046 | €1,234 | -€4,811 | -79.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.