FLEETWOOD: 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.
FLEETWOOD
Largest movements
- Receivables within one year +€47,247
up €47,247 (+172.8%), from €27,345 to €74,592
of which Trade receivables: +€31,639
- Cash +€35,103
up €35,103 (+52.4%), from €67,026 to €102,129
mainly Net result for the year (+€70,421) and Debts after one year (+€21,546)
- Tangible fixed assets +€33,262
up €33,262 (+145.2%), from €22,915 to €56,177
of which Furniture and vehicles: +€25,852
- Deferred charges and accrued income -€6,234
down €6,234 (-60.5%), from €10,297 to €4,063
- Reserves +€70,000
up €70,000 (+159.1%), from €44,000 to €114,000
- Debts after one year +€21,546
new in 2025: €21,546
- Tax, wage and social debts +€14,871
up €14,871 (+49.1%), from €30,276 to €45,147
of which Taxes: +€15,521
- Current portion of long-term debt +€8,084
new in 2025: €8,084
- Trade debts -€4,635
down €4,635 (-65.8%), from €7,046 to €2,411
- Gross operating margin +€75,291
up €75,291 (+223.9%), from €33,626 to €108,917
- Taxes +€22,728
up €22,728 (+266.0%), from €8,545 to €31,274
- Depreciation +€5,271
up €5,271 (+90.6%), from €5,817 to €11,089
- Financial income +€3,810
up €3,810 (+46.5%), from €8,201 to €12,011
- Financial charges -€2,581
down €2,581 (-38.4%), from €6,715 to €4,134
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 | €127,583 | €236,961 | +€109,377 | +85.7% |
| Fixed assets | 21/28 | €22,915 | €56,177 | +€33,262 | +145.2% |
| Tangible fixed assets | 22/27 | €22,915 | €56,177 | +€33,262 | +145.2% |
| Plant, machinery and equipment | 23 | - | €7,410 | +€7,410 | |
| Furniture and vehicles | 24 | €22,915 | €48,767 | +€25,852 | +112.8% |
| Current assets | 29/58 | €104,668 | €180,784 | +€76,116 | +72.7% |
| Amounts receivable within one year | 40/41 | €27,345 | €74,592 | +€47,247 | +172.8% |
| Trade receivables | 40 | €27,332 | €58,971 | +€31,639 | +115.8% |
| Other amounts receivable | 41 | €14 | €15,621 | +€15,607 | +115608.8% |
| Cash at bank and in hand | 54/58 | €67,026 | €102,129 | +€35,103 | +52.4% |
| Deferred charges and accrued income | 490/1 | €10,297 | €4,063 | -€6,234 | -60.5% |
| Total equity and liabilities | 10/49 | €127,583 | €236,961 | +€109,377 | +85.7% |
| Equity | 10/15 | €88,417 | €157,237 | +€68,821 | +77.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €44,000 | €114,000 | +€70,000 | +159.1% |
| Distributable reserves | 133 | €44,000 | €114,000 | +€70,000 | +159.1% |
| Profit (loss) carried forward | 14 | €36,917 | €35,737 | -€1,179 | -3.2% |
| Amounts payable | 17/49 | €39,166 | €79,723 | +€40,557 | +103.5% |
| Amounts payable after more than one year | 17 | - | €21,546 | +€21,546 | |
| Financial debts | 170/4 | - | €21,546 | +€21,546 | |
| Amounts payable within one year | 42/48 | €39,166 | €57,241 | +€18,075 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,084 | +€8,084 | |
| Trade debts | 44 | €7,046 | €2,411 | -€4,635 | -65.8% |
| Suppliers | 440/4 | €7,046 | €2,411 | -€4,635 | -65.8% |
| Taxes, remuneration and social security | 45 | €30,276 | €45,147 | +€14,871 | +49.1% |
| Taxes | 450/3 | €22,776 | €38,297 | +€15,521 | +68.1% |
| Remuneration and social security | 454/9 | €7,500 | €6,850 | -€650 | -8.7% |
| Other amounts payable | 47/48 | €1,845 | €1,600 | -€245 | -13.3% |
| Accrued charges and deferred income | 492/3 | - | €935 | +€935 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,817 | €11,089 | +€5,271 | +90.6% |
| Other operating charges | 640/8 | €2,848 | €4,011 | +€1,163 | +40.8% |
| Gross operating margin | 9900 | €33,626 | €108,917 | +€75,291 | +223.9% |
| Operating profit (loss) | 9901 | €24,961 | €93,818 | +€68,857 | +275.9% |
| Financial income | 75/76B | €8,201 | €12,011 | +€3,810 | +46.5% |
| Recurring financial income | 75 | €8,201 | €12,011 | +€3,810 | +46.5% |
| Financial charges | 65/66B | €6,715 | €4,134 | -€2,581 | -38.4% |
| Recurring financial charges | 65 | €6,715 | €4,134 | -€2,581 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €26,447 | €101,694 | +€75,248 | +284.5% |
| Income taxes | 67/77 | €8,545 | €31,274 | +€22,728 | +266.0% |
| Profit (loss) for the period | 9904 | €17,901 | €70,421 | +€52,520 | +293.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,901 | €70,421 | +€52,520 | +293.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.