FLIEBERG: 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.
FLIEBERG
Largest movements
- Tangible fixed assets -€44,169
down €44,169 (-68.1%), from €64,903 to €20,734
of which Plant, machinery and equipment: -€26,997
- Receivables within one year +€20,447
up €20,447 (+127.3%), from €16,065 to €36,512
of which Trade receivables: +€23,150
- Debts after one year -€13,079
down €13,079 (-27.8%), from €46,975 to €33,896
of which Financial debts: -€13,079
- Tax, wage and social debts -€11,255
down €11,255 (-65.5%), from €17,179 to €5,924
of which Remuneration and social security: -€5,629
- Trade debts -€7,984
down €7,984 (-7.8%), from €102,892 to €94,908
- Reserves +€6,673
up €6,673 (+11.8%), from €56,620 to €63,293
of which Distributable reserves: +€6,673
- Gross operating margin +€9,296
up €9,296 (+9.8%), from €94,478 to €103,774
- Depreciation +€9,282
up €9,282 (+22.8%), from €40,629 to €49,911
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 | €453,058 | €423,858 | -€29,200 | -6.4% |
| Fixed assets | 21/28 | €117,748 | €70,869 | -€46,879 | -39.8% |
| Tangible fixed assets | 22/27 | €64,903 | €20,734 | -€44,169 | -68.1% |
| Plant, machinery and equipment | 23 | €32,924 | €5,927 | -€26,997 | -82.0% |
| Furniture and vehicles | 24 | €16,125 | €3,444 | -€12,681 | -78.6% |
| Other tangible fixed assets | 26 | €15,854 | €11,363 | -€4,491 | -28.3% |
| Financial fixed assets | 28 | €52,845 | €50,135 | -€2,710 | -5.1% |
| Current assets | 29/58 | €335,310 | €352,989 | +€17,679 | +5.3% |
| Stocks and contracts in progress | 3 | €41,406 | €40,826 | -€580 | -1.4% |
| Stocks | 30/36 | €41,406 | €40,826 | -€580 | -1.4% |
| Amounts receivable within one year | 40/41 | €16,065 | €36,512 | +€20,447 | +127.3% |
| Trade receivables | 40 | €12,017 | €35,167 | +€23,150 | +192.6% |
| Other amounts receivable | 41 | €4,048 | €1,345 | -€2,703 | -66.8% |
| Cash at bank and in hand | 54/58 | €274,216 | €275,651 | +€1,435 | +0.5% |
| Deferred charges and accrued income | 490/1 | €3,623 | - | -€3,623 | |
| Total equity and liabilities | 10/49 | €453,058 | €423,858 | -€29,200 | -6.4% |
| Equity | 10/15 | €237,668 | €244,341 | +€6,673 | +2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €56,620 | €63,293 | +€6,673 | +11.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €54,761 | €61,434 | +€6,673 | +12.2% |
| Profit (loss) carried forward | 14 | €162,456 | €162,456 | = | 0.0% |
| Amounts payable | 17/49 | €215,390 | €179,517 | -€35,873 | -16.7% |
| Amounts payable after more than one year | 17 | €46,975 | €33,896 | -€13,079 | -27.8% |
| Financial debts | 170/4 | €41,975 | €28,896 | -€13,079 | -31.2% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €168,415 | €145,621 | -€22,794 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €16,634 | €13,079 | -€3,555 | -21.4% |
| Trade debts | 44 | €102,892 | €94,908 | -€7,984 | -7.8% |
| Suppliers | 440/4 | €102,892 | €94,908 | -€7,984 | -7.8% |
| Taxes, remuneration and social security | 45 | €17,179 | €5,924 | -€11,255 | -65.5% |
| Taxes | 450/3 | €6,367 | €741 | -€5,626 | -88.4% |
| Remuneration and social security | 454/9 | €10,812 | €5,183 | -€5,629 | -52.1% |
| Other amounts payable | 47/48 | €31,710 | €31,710 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €37,654 | €38,654 | +€1,000 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,629 | €49,911 | +€9,282 | +22.8% |
| Other operating charges | 640/8 | €2,508 | €2,989 | +€481 | +19.2% |
| Gross operating margin | 9900 | €94,478 | €103,774 | +€9,296 | +9.8% |
| Operating profit (loss) | 9901 | €13,687 | €12,220 | -€1,467 | -10.7% |
| Financial charges | 65/66B | €1,157 | €446 | -€711 | -61.5% |
| Recurring financial charges | 65 | €1,157 | €446 | -€711 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | €12,530 | €11,774 | -€756 | -6.0% |
| Income taxes | 67/77 | €5,145 | €5,101 | -€44 | -0.9% |
| Profit (loss) for the period | 9904 | €7,385 | €6,673 | -€712 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,385 | €6,673 | -€712 | -9.6% |
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 9 October 2026 via checked.be.