FMD Trucks: 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.
FMD Trucks
Largest movements
- Receivables within one year +€163,588
up €163,588 (+52.2%), from €313,433 to €477,020
of which Other amounts receivable: +€127,990
- Tangible fixed assets -€147,470
down €147,470 (-7.9%), from €1.9m to €1.7m
of which Land and buildings: -€97,515
- Cash -€108,770
down €108,770 (-35.0%), from €310,797 to €202,026
mainly Contributions, distributions and other (-€410,852) and Receivables within one year (-€163,588)
- Reserves -€219,532
down €219,532 (-16.2%), from €1.4m to €1.1m
- Trade debts +€44,863
up €44,863 (+22.6%), from €198,514 to €243,376
- Short-term financial debts +€41,759
new in 2026: €41,759
- Gross operating margin -€223,484
down €223,484 (-22.2%), from €1.0m to €783,560
- Staff costs -€92,915
down €92,915 (-28.5%), from €325,558 to €232,644
- Taxes -€34,802
down €34,802 (-26.1%), from €133,594 to €98,792
- Depreciation -€27,245
down €27,245 (-13.3%), from €204,273 to €177,028
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 | €2,774,217 | €2,679,216 | -€95,001 | -3.4% |
| Fixed assets | 21/28 | €1,857,705 | €1,710,236 | -€147,470 | -7.9% |
| Tangible fixed assets | 22/27 | €1,857,392 | €1,709,922 | -€147,470 | -7.9% |
| Land and buildings | 22 | €1,565,971 | €1,468,456 | -€97,515 | -6.2% |
| Plant, machinery and equipment | 23 | €84,460 | €73,469 | -€10,991 | -13.0% |
| Furniture and vehicles | 24 | €206,961 | €167,997 | -€38,964 | -18.8% |
| Financial fixed assets | 28 | €314 | €314 | = | 0.0% |
| Current assets | 29/58 | €916,512 | €968,980 | +€52,469 | +5.7% |
| Stocks and contracts in progress | 3 | €266,982 | €265,725 | -€1,257 | -0.5% |
| Stocks | 30/36 | €266,982 | €265,725 | -€1,257 | -0.5% |
| Amounts receivable within one year | 40/41 | €313,433 | €477,020 | +€163,588 | +52.2% |
| Trade receivables | 40 | €251,067 | €286,665 | +€35,598 | +14.2% |
| Other amounts receivable | 41 | €62,366 | €190,355 | +€127,990 | +205.2% |
| Cash at bank and in hand | 54/58 | €310,797 | €202,026 | -€108,770 | -35.0% |
| Deferred charges and accrued income | 490/1 | €25,301 | €24,209 | -€1,092 | -4.3% |
| Total equity and liabilities | 10/49 | €2,774,217 | €2,679,216 | -€95,001 | -3.4% |
| Equity | 10/15 | €1,379,192 | €1,159,660 | -€219,532 | -15.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,359,192 | €1,139,660 | -€219,532 | -16.2% |
| Distributable reserves | 133 | €1,359,192 | €1,139,660 | -€219,532 | -16.2% |
| Amounts payable | 17/49 | €1,395,025 | €1,519,556 | +€124,531 | +8.9% |
| Amounts payable after more than one year | 17 | €926,775 | €925,215 | -€1,560 | -0.2% |
| Financial debts | 170/4 | €926,775 | €925,215 | -€1,560 | -0.2% |
| Amounts payable within one year | 42/48 | €468,250 | €594,341 | +€126,091 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €206,281 | €212,071 | +€5,790 | +2.8% |
| Financial debts | 43 | - | €41,759 | +€41,759 | |
| Credit institutions | 430/8 | - | €41,759 | +€41,759 | |
| Trade debts | 44 | €198,514 | €243,376 | +€44,863 | +22.6% |
| Suppliers | 440/4 | €198,514 | €243,376 | +€44,863 | +22.6% |
| Taxes, remuneration and social security | 45 | €63,456 | €91,083 | +€27,628 | +43.5% |
| Taxes | 450/3 | €53,360 | €66,915 | +€13,555 | +25.4% |
| Remuneration and social security | 454/9 | €10,096 | €24,169 | +€14,073 | +139.4% |
| Other amounts payable | 47/48 | - | €6,052 | +€6,052 | |
| Non-recurring operating income | 76A | €9,233 | €2,541 | -€6,692 | -72.5% |
| Remuneration, social security and pensions | 62 | €325,558 | €232,644 | -€92,915 | -28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,273 | €177,028 | -€27,245 | -13.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,008 | +€1,008 | |
| Other operating charges | 640/8 | €22,617 | €23,682 | +€1,065 | +4.7% |
| Non-recurring operating charges | 66A | - | €19,961 | +€19,961 | |
| Gross operating margin | 9900 | €1,007,043 | €783,560 | -€223,484 | -22.2% |
| Operating profit (loss) | 9901 | €454,595 | €329,237 | -€125,358 | -27.6% |
| Financial income | 75/76B | €1,728 | - | -€1,728 | |
| Recurring financial income | 75 | €1,728 | - | -€1,728 | |
| Financial charges | 65/66B | €39,377 | €39,125 | -€253 | -0.6% |
| Recurring financial charges | 65 | €39,377 | €39,125 | -€253 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €416,946 | €290,112 | -€126,834 | -30.4% |
| Income taxes | 67/77 | €133,594 | €98,792 | -€34,802 | -26.1% |
| Profit (loss) for the period | 9904 | €283,352 | €191,320 | -€92,032 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €283,352 | €191,320 | -€92,032 | -32.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.