AS MULTISERVICES: 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.
AS MULTISERVICES
Largest movements
- Cash -€54,547
down €54,547 (-89.9%), from €60,674 to €6,128
mainly Investment in fixed assets (net) (-€72,969) and Trade debts (-€28,877)
- Tangible fixed assets +€33,234
up €33,234 (+168%), from €19,789 to €53,023
of which Leasing and similar rights: +€28,602
- Deferred charges and accrued income +€6,022
new in 2025: €6,022
- Financial fixed assets +€5,550
up €5,550 (+925%), from €600 to €6,150
- Trade debts -€28,877
down €28,877 (-54.5%), from €52,990 to €24,113
- Current portion of long-term debt +€17,576
new in 2025: €17,576
- Debts after one year +€17,020
new in 2025: €17,020
- Profit (loss) carried forward -€14,143
down €14,143 (-19.8%), from €71,324 to €57,181
- Purchases and services -€843,908
no longer reported in 2025 (was €843,908)
- Staff costs +€107,926
up €107,926 (+32.4%), from €332,895 to €440,820
- Gross operating margin +€82,819
up €82,819 (+20.9%), from €396,803 to €479,622
- Turnover -€41,975
down €41,975 (-3.6%), from €1.2m to €1.1m
- Provisions -€25,773
no longer reported in 2025 (was €25,773)
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.
Derived cash bridge
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 | €225,807 | €217,460 | -€8,347 | -3.7% |
| Fixed assets | 21/28 | €20,389 | €59,173 | +€38,784 | +190% |
| Tangible fixed assets | 22/27 | €19,789 | €53,023 | +€33,234 | +168% |
| Plant, machinery and equipment | 23 | €2,865 | €2,270 | -€595 | -20.8% |
| Furniture and vehicles | 24 | €16,924 | €22,151 | +€5,227 | +30.9% |
| Leasing and similar rights | 25 | - | €28,602 | +€28,602 | |
| Financial fixed assets | 28 | €600 | €6,150 | +€5,550 | +925% |
| Current assets | 29/58 | €205,417 | €158,287 | -€47,130 | -22.9% |
| Amounts receivable within one year | 40/41 | €144,743 | €146,138 | +€1,395 | +1.0% |
| Trade receivables | 40 | €143,295 | €131,865 | -€11,430 | -8.0% |
| Other amounts receivable | 41 | €1,448 | €14,273 | +€12,825 | +886% |
| Cash at bank and in hand | 54/58 | €60,674 | €6,128 | -€54,547 | -89.9% |
| Deferred charges and accrued income | 490/1 | - | €6,022 | +€6,022 | |
| Total equity and liabilities | 10/49 | €225,807 | €217,460 | -€8,347 | -3.7% |
| Equity | 10/15 | €89,924 | €75,781 | -€14,143 | -15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Profit (loss) carried forward | 14 | €71,324 | €57,181 | -€14,143 | -19.8% |
| Amounts payable | 17/49 | €135,883 | €141,679 | +€5,796 | +4.3% |
| Amounts payable after more than one year | 17 | - | €17,020 | +€17,020 | |
| Financial debts | 170/4 | - | €17,020 | +€17,020 | |
| Amounts payable within one year | 42/48 | €135,883 | €124,659 | -€11,224 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | - | €17,576 | +€17,576 | |
| Financial debts | 43 | €175 | - | -€175 | |
| Other loans | 439 | €175 | - | -€175 | |
| Trade debts | 44 | €52,990 | €24,113 | -€28,877 | -54.5% |
| Suppliers | 440/4 | €52,990 | €24,113 | -€28,877 | -54.5% |
| Taxes, remuneration and social security | 45 | €78,188 | €79,064 | +€876 | +1.1% |
| Taxes | 450/3 | €33,888 | €47,203 | +€13,316 | +39.3% |
| Remuneration and social security | 454/9 | €44,300 | €31,861 | -€12,440 | -28.1% |
| Other amounts payable | 47/48 | €4,530 | €3,905 | -€625 | -13.8% |
| Turnover | 70 | €1,176,580 | €1,134,604 | -€41,975 | -3.6% |
| Non-recurring operating income | 76A | €64,131 | €66,053 | +€1,922 | +3.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €843,908 | - | -€843,908 | |
| Remuneration, social security and pensions | 62 | €332,895 | €440,820 | +€107,926 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,838 | €34,185 | +€25,347 | +287% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,773 | - | -€25,773 | |
| Other operating charges | 640/8 | €6,223 | €5,167 | -€1,057 | -17.0% |
| Non-recurring operating charges | 66A | €429 | - | -€429 | |
| Gross operating margin | 9900 | €396,803 | €479,622 | +€82,819 | +20.9% |
| Operating profit (loss) | 9901 | €22,645 | -€550 | -€23,195 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €4,370 | €5,301 | +€931 | +21.3% |
| Recurring financial charges | 65 | €4,370 | €5,301 | +€931 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €18,275 | -€5,852 | -€24,126 | |
| Income taxes | 67/77 | €15,304 | €8,291 | -€7,013 | -45.8% |
| Profit (loss) for the period | 9904 | €2,971 | -€14,143 | -€17,113 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,971 | -€14,143 | -€17,113 |
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 15 October 2026 via checked.be.