FPS - Multiproducts: 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.
FPS - Multiproducts
Largest movements
- Receivables within one year -€920,634
down €920,634 (-28.1%), from €3.3m to €2.4m
of which Other amounts receivable: -€1.1m
- Cash +€313,376
up €313,376 (+211.5%), from €148,150 to €461,525
mainly Receivables within one year (+€920,634) and Trade debts (+€731,806)
- Tangible fixed assets -€183,505
down €183,505 (-27.4%), from €668,921 to €485,416
of which Plant, machinery and equipment: -€157,756
- Intangible fixed assets -€163,937
down €163,937 (-16.0%), from €1.0m to €860,667
- Profit (loss) carried forward -€1.6m
down €1.6m (-33.3%), from €4.7m to €3.1m
- Trade debts +€731,806
up €731,806 (+98.2%), from €745,565 to €1.5m
- Debts after one year -€465,772
down €465,772 (-32.4%), from €1.4m to €971,279
- Short-term financial debts +€300,000
up €300,000 (+15.0%), from €2.0m to €2.3m
- Gross operating margin +€257,795
up €257,795 (+13.3%), from €1.9m to €2.2m
- Staff costs +€87,196
up €87,196 (+11.9%), from €731,526 to €818,722
- Taxes +€41,223
up €41,223 (+17.1%), from €240,533 to €281,757
- Financial income -€24,705
down €24,705 (-33.1%), from €74,647 to €49,942
- Depreciation -€21,978
down €21,978 (-5.5%), from €396,365 to €374,387
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 | €10,054,593 | €9,085,732 | -€968,860 | -9.6% |
| Fixed assets | 21/28 | €1,693,525 | €1,346,083 | -€347,442 | -20.5% |
| Intangible fixed assets | 21 | €1,024,604 | €860,667 | -€163,937 | -16.0% |
| Tangible fixed assets | 22/27 | €668,921 | €485,416 | -€183,505 | -27.4% |
| Plant, machinery and equipment | 23 | €568,785 | €411,030 | -€157,756 | -27.7% |
| Furniture and vehicles | 24 | €100,136 | €74,386 | -€25,750 | -25.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €8,361,068 | €7,739,649 | -€621,419 | -7.4% |
| Stocks and contracts in progress | 3 | €4,938,984 | €4,920,225 | -€18,759 | -0.4% |
| Stocks | 30/36 | €4,938,984 | €4,920,225 | -€18,759 | -0.4% |
| Amounts receivable within one year | 40/41 | €3,270,939 | €2,350,305 | -€920,634 | -28.1% |
| Trade receivables | 40 | €2,137,939 | €2,300,305 | +€162,366 | +7.6% |
| Other amounts receivable | 41 | €1,133,000 | €50,000 | -€1.1m | -95.6% |
| Cash at bank and in hand | 54/58 | €148,150 | €461,525 | +€313,376 | +211.5% |
| Deferred charges and accrued income | 490/1 | €2,995 | €7,594 | +€4,598 | +153.5% |
| Total equity and liabilities | 10/49 | €10,054,593 | €9,085,732 | -€968,860 | -9.6% |
| Equity | 10/15 | €5,073,810 | €3,517,879 | -€1.6m | -30.7% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Capital | 10 | €152,000 | €152,000 | = | 0.0% |
| Issued capital | 100 | €152,000 | €152,000 | = | 0.0% |
| Reserves | 13 | €253,450 | €253,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,200 | €15,200 | = | 0.0% |
| Legal reserve | 130 | €15,200 | €15,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €238,250 | €238,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,668,360 | €3,112,429 | -€1.6m | -33.3% |
| Amounts payable | 17/49 | €4,980,783 | €5,567,853 | +€587,071 | +11.8% |
| Amounts payable after more than one year | 17 | €1,437,051 | €971,279 | -€465,772 | -32.4% |
| Financial debts | 170/4 | €1,437,051 | €971,279 | -€465,772 | -32.4% |
| Amounts payable within one year | 42/48 | €3,524,560 | €4,596,574 | +€1.1m | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €486,395 | €465,772 | -€20,623 | -4.2% |
| Financial debts | 43 | €2,000,000 | €2,300,000 | +€300,000 | +15.0% |
| Credit institutions | 430/8 | €2,000,000 | €2,300,000 | +€300,000 | +15.0% |
| Trade debts | 44 | €745,565 | €1,477,371 | +€731,806 | +98.2% |
| Suppliers | 440/4 | €745,565 | €1,477,371 | +€731,806 | +98.2% |
| Taxes, remuneration and social security | 45 | €292,600 | €353,431 | +€60,831 | +20.8% |
| Taxes | 450/3 | €146,463 | €206,529 | +€60,066 | +41.0% |
| Remuneration and social security | 454/9 | €146,137 | €146,902 | +€765 | +0.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €19,172 | €0 | -€19,172 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €731,526 | €818,722 | +€87,196 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396,365 | €374,387 | -€21,978 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,422 | €6,652 | +€2,230 | +50.4% |
| Non-recurring operating charges | 66A | - | €1,917 | +€1,917 | |
| Gross operating margin | 9900 | €1,931,519 | €2,189,315 | +€257,795 | +13.3% |
| Operating profit (loss) | 9901 | €799,206 | €987,636 | +€188,430 | +23.6% |
| Financial income | 75/76B | €74,647 | €49,942 | -€24,705 | -33.1% |
| Recurring financial income | 75 | €74,647 | €49,942 | -€24,705 | -33.1% |
| Financial charges | 65/66B | €105,623 | €111,752 | +€6,129 | +5.8% |
| Recurring financial charges | 65 | €105,623 | €111,752 | +€6,129 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €768,229 | €925,826 | +€157,597 | +20.5% |
| Income taxes | 67/77 | €240,533 | €281,757 | +€41,223 | +17.1% |
| Profit (loss) for the period | 9904 | €527,696 | €644,069 | +€116,373 | +22.1% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €527,696 | €644,069 | +€116,373 | +22.1% |
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 8 October 2026 via checked.be.