FleetWorks: 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.
FleetWorks
Largest movements
- Cash +€48,518
up €48,518 (+68.4%), from €70,901 to €119,419
mainly Receivables within one year (+€44,993) and Provisions (+€26,761)
- Receivables within one year -€44,993
down €44,993 (-12.6%), from €358,069 to €313,076
of which Trade receivables: -€39,183
- Trade debts -€45,576
down €45,576 (-30.3%), from €150,537 to €104,961
- Provisions +€26,761
new in 2025: €26,761
- Reserves +€25,868
up €25,868 (+17.2%), from €150,201 to €176,069
- Tax, wage and social debts -€5,443
down €5,443 (-25.0%), from €21,756 to €16,312
- Gross operating margin +€41,057
up €41,057 (+121.1%), from €33,901 to €74,958
- Provisions +€26,761
new in 2025: €26,761
- Taxes +€4,236
up €4,236 (+53.3%), from €7,947 to €12,182
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 | €447,494 | €449,103 | +€1,609 | +0.4% |
| Fixed assets | 21/28 | €18,524 | €16,201 | -€2,323 | -12.5% |
| Tangible fixed assets | 22/27 | €15,508 | €12,685 | -€2,823 | -18.2% |
| Plant, machinery and equipment | 23 | €15,508 | €12,685 | -€2,823 | -18.2% |
| Financial fixed assets | 28 | €3,016 | €3,516 | +€500 | +16.6% |
| Current assets | 29/58 | €428,970 | €432,902 | +€3,932 | +0.9% |
| Amounts receivable within one year | 40/41 | €358,069 | €313,076 | -€44,993 | -12.6% |
| Trade receivables | 40 | €351,400 | €312,217 | -€39,183 | -11.2% |
| Other amounts receivable | 41 | €6,669 | €860 | -€5,810 | -87.1% |
| Cash at bank and in hand | 54/58 | €70,901 | €119,419 | +€48,518 | +68.4% |
| Deferred charges and accrued income | 490/1 | - | €407 | +€407 | |
| Total equity and liabilities | 10/49 | €447,494 | €449,103 | +€1,609 | +0.4% |
| Equity | 10/15 | €275,201 | €301,069 | +€25,868 | +9.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €150,201 | €176,069 | +€25,868 | +17.2% |
| Distributable reserves | 133 | €150,201 | €176,069 | +€25,868 | +17.2% |
| Provisions and deferred taxes | 16 | - | €26,761 | +€26,761 | |
| Provisions for liabilities and charges | 160/5 | - | €26,761 | +€26,761 | |
| Other liabilities and charges | 164/5 | - | €26,761 | +€26,761 | |
| Amounts payable | 17/49 | €172,293 | €121,273 | -€51,020 | -29.6% |
| Amounts payable within one year | 42/48 | €172,293 | €121,273 | -€51,020 | -29.6% |
| Trade debts | 44 | €150,537 | €104,961 | -€45,576 | -30.3% |
| Suppliers | 440/4 | €150,537 | €104,961 | -€45,576 | -30.3% |
| Taxes, remuneration and social security | 45 | €21,756 | €16,312 | -€5,443 | -25.0% |
| Taxes | 450/3 | €21,756 | €16,312 | -€5,443 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,385 | €5,963 | +€578 | +10.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €26,761 | +€26,761 | |
| Other operating charges | 640/8 | €1,059 | €529 | -€530 | -50.1% |
| Gross operating margin | 9900 | €33,901 | €74,958 | +€41,057 | +121.1% |
| Operating profit (loss) | 9901 | €27,456 | €41,705 | +€14,249 | +51.9% |
| Financial income | 75/76B | €0 | €111 | +€111 | +159128.6% |
| Recurring financial income | 75 | €0 | €111 | +€111 | +159128.6% |
| Financial charges | 65/66B | €4,486 | €3,767 | -€719 | -16.0% |
| Recurring financial charges | 65 | €4,486 | €3,767 | -€719 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €22,971 | €38,050 | +€15,080 | +65.6% |
| Income taxes | 67/77 | €7,947 | €12,182 | +€4,236 | +53.3% |
| Profit (loss) for the period | 9904 | €15,024 | €25,868 | +€10,844 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,024 | €25,868 | +€10,844 | +72.2% |
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 9 October 2026 via checked.be.