Alex Multani Commodities: 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.
Alex Multani Commodities
Largest movements
- Receivables within one year -€151,531
down €151,531 (-89.6%), from €169,213 to €17,682
of which Trade receivables: -€150,465
- Cash +€59,562
up €59,562 (+62.1%), from €95,946 to €155,508
mainly Receivables within one year (+€151,531) and Net result for the year (+€86,794)
- Tangible fixed assets -€12,535
down €12,535 (-4.6%), from €273,029 to €260,495
of which Land and buildings: -€11,735
- Trade debts -€163,246
down €163,246 (-97.7%), from €167,069 to €3,823
- Profit (loss) carried forward +€86,794
up €86,794 (+285.0%), from €30,450 to €117,244
- Debts after one year -€16,971
down €16,971 (-11.1%), from €152,654 to €135,683
- Advances received -€11,676
down €11,676 (-100.0%), from €11,676 to €0
- Gross operating margin +€117,382
up €117,382 (+2798.3%), from €4,195 to €121,577
- Financial income -€9,235
down €9,235 (-89.9%), from €10,268 to €1,033
- Financial charges +€5,420
up €5,420 (+46.3%), from €11,712 to €17,131
- Other operating charges +€2,563
up €2,563 (+113.9%), from €2,250 to €4,814
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 | €542,859 | €437,731 | -€105,128 | -19.4% |
| Fixed assets | 21/28 | €277,700 | €264,541 | -€13,159 | -4.7% |
| Tangible fixed assets | 22/27 | €273,029 | €260,495 | -€12,535 | -4.6% |
| Land and buildings | 22 | €267,236 | €255,502 | -€11,735 | -4.4% |
| Plant, machinery and equipment | 23 | €5,793 | €4,993 | -€800 | -13.8% |
| Financial fixed assets | 28 | €4,671 | €4,046 | -€625 | -13.4% |
| Current assets | 29/58 | €265,159 | €173,190 | -€91,969 | -34.7% |
| Amounts receivable within one year | 40/41 | €169,213 | €17,682 | -€151,531 | -89.6% |
| Trade receivables | 40 | €167,878 | €17,412 | -€150,465 | -89.6% |
| Other amounts receivable | 41 | €1,336 | €269 | -€1,066 | -79.8% |
| Cash at bank and in hand | 54/58 | €95,946 | €155,508 | +€59,562 | +62.1% |
| Total equity and liabilities | 10/49 | €542,859 | €437,731 | -€105,128 | -19.4% |
| Equity | 10/15 | €47,110 | €133,904 | +€86,794 | +184.2% |
| Contributions | 10/11 | €14,800 | €14,800 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,450 | €117,244 | +€86,794 | +285.0% |
| Amounts payable | 17/49 | €495,749 | €303,827 | -€191,922 | -38.7% |
| Amounts payable after more than one year | 17 | €152,654 | €135,683 | -€16,971 | -11.1% |
| Financial debts | 170/4 | €152,654 | €135,683 | -€16,971 | -11.1% |
| Amounts payable within one year | 42/48 | €343,095 | €168,144 | -€174,951 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €16,205 | €16,971 | +€766 | +4.7% |
| Trade debts | 44 | €167,069 | €3,823 | -€163,246 | -97.7% |
| Suppliers | 440/4 | €167,069 | €3,823 | -€163,246 | -97.7% |
| Advances received on contracts in progress | 46 | €11,676 | €0 | -€11,676 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €1,327 | +€1,327 | |
| Taxes | 450/3 | - | €1,327 | +€1,327 | |
| Other amounts payable | 47/48 | €148,144 | €146,022 | -€2,122 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,535 | €12,535 | = | 0.0% |
| Other operating charges | 640/8 | €2,250 | €4,814 | +€2,563 | +113.9% |
| Gross operating margin | 9900 | €4,195 | €121,577 | +€117,382 | +2798.3% |
| Operating profit (loss) | 9901 | -€10,590 | €104,229 | +€114,819 | |
| Financial income | 75/76B | €10,268 | €1,033 | -€9,235 | -89.9% |
| Recurring financial income | 75 | €10,268 | €1,033 | -€9,235 | -89.9% |
| Financial charges | 65/66B | €11,712 | €17,131 | +€5,420 | +46.3% |
| Recurring financial charges | 65 | €11,712 | €17,131 | +€5,420 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,034 | €88,131 | +€100,164 | |
| Income taxes | 67/77 | €141 | €1,337 | +€1,196 | +850.7% |
| Profit (loss) for the period | 9904 | -€12,174 | €86,794 | +€98,968 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,174 | €86,794 | +€98,968 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.