FLEET MANAGEMENT GROUP: 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.
FLEET MANAGEMENT GROUP
Largest movements
- Financial fixed assets +€180,280
up €180,280 (+3.2%), from €5.7m to €5.9m
- Cash -€74,619
down €74,619 (-72.3%), from €103,232 to €28,613
mainly Current portion of long-term debt (-€319,356) and Investment in fixed assets (net) (-€180,280)
- Profit (loss) carried forward +€402,109
up €402,109 (+237%), from €169,693 to €571,801
- Current portion of long-term debt -€319,356
down €319,356 (-45.2%), from €706,893 to €387,537
- Tax, wage and social debts +€103,706
up €103,706 (+166%), from €62,456 to €166,161
- Debts after one year -€80,508
down €80,508 (-1.7%), from €4.8m to €4.7m
of which Financial debts: -€124,026
- Gross operating margin +€227,304
up €227,304 (+51.1%), from €444,563 to €671,868
- Taxes +€74,273
up €74,273 (+224%), from €33,096 to €107,370
- Financial charges -€68,593
down €68,593 (-22.1%), from €310,906 to €242,314
- Financial income +€10,004
up €10,004 (+14.3%), from €70,000 to €80,004
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 | €5,804,564 | €5,916,091 | +€111,527 | +1.9% |
| Fixed assets | 21/28 | €5,700,000 | €5,880,280 | +€180,280 | +3.2% |
| Financial fixed assets | 28 | €5,700,000 | €5,880,280 | +€180,280 | +3.2% |
| Current assets | 29/58 | €104,564 | €35,811 | -€68,753 | -65.8% |
| Amounts receivable within one year | 40/41 | - | €6,123 | +€6,123 | |
| Trade receivables | 40 | - | €6,123 | +€6,123 | |
| Cash at bank and in hand | 54/58 | €103,232 | €28,613 | -€74,619 | -72.3% |
| Deferred charges and accrued income | 490/1 | €1,332 | €1,075 | -€257 | -19.3% |
| Total equity and liabilities | 10/49 | €5,804,564 | €5,916,091 | +€111,527 | +1.9% |
| Equity | 10/15 | €269,693 | €671,801 | +€402,109 | +149% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,693 | €571,801 | +€402,109 | +237% |
| Amounts payable | 17/49 | €5,534,871 | €5,244,290 | -€290,581 | -5.3% |
| Amounts payable after more than one year | 17 | €4,765,523 | €4,685,015 | -€80,508 | -1.7% |
| Financial debts | 170/4 | €3,974,273 | €3,850,246 | -€124,026 | -3.1% |
| Trade debts | 175 | €791,250 | €834,769 | +€43,519 | +5.5% |
| Amounts payable within one year | 42/48 | €769,348 | €559,275 | -€210,074 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €706,893 | €387,537 | -€319,356 | -45.2% |
| Trade debts | 44 | - | €5,577 | +€5,577 | |
| Suppliers | 440/4 | - | €5,577 | +€5,577 | |
| Taxes, remuneration and social security | 45 | €62,456 | €166,161 | +€103,706 | +166% |
| Taxes | 450/3 | €62,456 | €166,161 | +€103,706 | +166% |
| Other operating charges | 640/8 | €868 | €80 | -€788 | -90.8% |
| Gross operating margin | 9900 | €444,563 | €671,868 | +€227,304 | +51.1% |
| Operating profit (loss) | 9901 | €443,696 | €671,788 | +€228,092 | +51.4% |
| Financial income | 75/76B | €70,000 | €80,004 | +€10,004 | +14.3% |
| Recurring financial income | 75 | €70,000 | €80,004 | +€10,004 | +14.3% |
| Financial charges | 65/66B | €310,906 | €242,314 | -€68,593 | -22.1% |
| Recurring financial charges | 65 | €310,906 | €242,314 | -€68,593 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €202,789 | €509,478 | +€306,689 | +151% |
| Income taxes | 67/77 | €33,096 | €107,370 | +€74,273 | +224% |
| Profit (loss) for the period | 9904 | €169,693 | €402,109 | +€232,416 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €169,693 | €402,109 | +€232,416 | +137% |
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 21 October 2026 via checked.be.