FLEETWOOD: 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.
FLEETWOOD
Largest movements
- Receivables within one year -€602,116
down €602,116 (-24.9%), from €2.4m to €1.8m
of which Other amounts receivable: -€599,060
- Current investments +€350,000
up €350,000 (+87.5%), from €400,000 to €750,000
- Cash -€154,204
down €154,204 (-16.0%), from €960,820 to €806,615
mainly Contributions, distributions and other (-€1.9m) and Current investments (-€350,000)
- Deferred charges and accrued income +€75,368
up €75,368 (+728.0%), from €10,353 to €85,721
- Profit (loss) carried forward -€1.1m
down €1.1m (-25.3%), from €4.4m to €3.3m
- Other debts +€817,350
up €817,350 (+157.2%), from €520,000 to €1.3m
- Debts after one year -€80,904
down €80,904 (-8.8%), from €921,561 to €840,657
- Gross operating margin +€262,064
up €262,064 (+35.5%), from €737,217 to €999,281
- Financial income -€17,006
down €17,006 (-41.9%), from €40,561 to €23,555
- Depreciation +€14,893
up €14,893 (+10.3%), from €144,887 to €159,780
- Taxes -€12,906
down €12,906 (-93.3%), from €13,835 to €929
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,884,295 | €6,489,135 | -€395,160 | -5.7% |
| Fixed assets | 21/28 | €3,092,779 | €3,028,571 | -€64,208 | -2.1% |
| Tangible fixed assets | 22/27 | €2,886,866 | €2,822,657 | -€64,208 | -2.2% |
| Land and buildings | 22 | €2,845,193 | €2,705,769 | -€139,425 | -4.9% |
| Plant, machinery and equipment | 23 | €36,672 | €31,086 | -€5,587 | -15.2% |
| Furniture and vehicles | 24 | €5,000 | €85,803 | +€80,803 | +1616.1% |
| Financial fixed assets | 28 | €205,914 | €205,914 | = | 0.0% |
| Current assets | 29/58 | €3,791,516 | €3,460,564 | -€330,952 | -8.7% |
| Amounts receivable within one year | 40/41 | €2,420,344 | €1,818,228 | -€602,116 | -24.9% |
| Trade receivables | 40 | €3,600 | €545 | -€3,056 | -84.9% |
| Other amounts receivable | 41 | €2,416,744 | €1,817,684 | -€599,060 | -24.8% |
| Current investments | 50/53 | €400,000 | €750,000 | +€350,000 | +87.5% |
| Cash at bank and in hand | 54/58 | €960,820 | €806,615 | -€154,204 | -16.0% |
| Deferred charges and accrued income | 490/1 | €10,353 | €85,721 | +€75,368 | +728.0% |
| Total equity and liabilities | 10/49 | €6,884,295 | €6,489,135 | -€395,160 | -5.7% |
| Equity | 10/15 | €5,337,404 | €4,219,889 | -€1.1m | -20.9% |
| Contributions | 10/11 | €800,014 | €800,014 | = | 0.0% |
| Capital | 10 | €800,014 | €800,014 | = | 0.0% |
| Issued capital | 100 | €800,014 | €800,014 | = | 0.0% |
| Reserves | 13 | €128,295 | €128,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,001 | €80,001 | = | 0.0% |
| Legal reserve | 130 | €80,001 | €80,001 | = | 0.0% |
| Distributable reserves | 133 | €48,294 | €48,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,409,094 | €3,291,580 | -€1.1m | -25.3% |
| Amounts payable | 17/49 | €1,546,892 | €2,269,246 | +€722,354 | +46.7% |
| Amounts payable after more than one year | 17 | €921,561 | €840,657 | -€80,904 | -8.8% |
| Financial debts | 170/4 | €921,561 | €840,657 | -€80,904 | -8.8% |
| Amounts payable within one year | 42/48 | €620,826 | €1,419,473 | +€798,647 | +128.6% |
| Current portion of amounts payable after more than one year | 42 | €80,091 | €80,904 | +€813 | +1.0% |
| Trade debts | 44 | €20,735 | €1,125 | -€19,610 | -94.6% |
| Suppliers | 440/4 | €20,735 | €1,125 | -€19,610 | -94.6% |
| Taxes, remuneration and social security | 45 | - | €95 | +€95 | |
| Taxes | 450/3 | - | €95 | +€95 | |
| Other amounts payable | 47/48 | €520,000 | €1,337,350 | +€817,350 | +157.2% |
| Accrued charges and deferred income | 492/3 | €4,505 | €9,116 | +€4,611 | +102.3% |
| Non-recurring operating income | 76A | - | €70,934 | +€70,934 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,887 | €159,780 | +€14,893 | +10.3% |
| Other operating charges | 640/8 | €90,869 | €94,344 | +€3,474 | +3.8% |
| Gross operating margin | 9900 | €737,217 | €999,281 | +€262,064 | +35.5% |
| Operating profit (loss) | 9901 | €501,461 | €745,157 | +€243,697 | +48.6% |
| Financial income | 75/76B | €40,561 | €23,555 | -€17,006 | -41.9% |
| Recurring financial income | 75 | €40,561 | €23,555 | -€17,006 | -41.9% |
| Financial charges | 65/66B | €11,677 | €15,297 | +€3,620 | +31.0% |
| Recurring financial charges | 65 | €11,677 | €15,297 | +€3,620 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €530,344 | €753,415 | +€223,071 | +42.1% |
| Income taxes | 67/77 | €13,835 | €929 | -€12,906 | -93.3% |
| Profit (loss) for the period | 9904 | €516,510 | €752,486 | +€235,976 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €516,510 | €752,486 | +€235,976 | +45.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.