BY MULTINET: 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.
BY MULTINET
Largest movements
- Receivables within one year +€124,488
up €124,488 (+252%), from €49,482 to €173,970
of which Other amounts receivable: +€113,843
- Cash -€71,153
down €71,153 (-32.8%), from €217,057 to €145,904
mainly Receivables within one year (-€124,488) and Contributions, distributions and other (-€74,286)
- Tangible fixed assets +€27,329
up €27,329 (+84.9%), from €32,208 to €59,538
- Other debts +€74,286
new in 2025: €74,286
- Trade debts +€52,926
up €52,926 (+577%), from €9,173 to €62,099
- Tax, wage and social debts -€40,807
down €40,807 (-56.9%), from €71,718 to €30,911
of which Taxes: -€45,306
- Profit (loss) carried forward -€5,741
down €5,741 (-2.7%), from €215,356 to €209,616
- Gross operating margin -€107,905
down €107,905 (-43.8%), from €246,537 to €138,632
- Taxes -€31,416
down €31,416 (-64.0%), from €49,057 to €17,641
- Staff costs +€17,907
up €17,907 (+71.0%), from €25,226 to €43,132
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 | €298,748 | €379,411 | +€80,664 | +27.0% |
| Fixed assets | 21/28 | €32,208 | €59,538 | +€27,329 | +84.9% |
| Tangible fixed assets | 22/27 | €32,208 | €59,538 | +€27,329 | +84.9% |
| Furniture and vehicles | 24 | €32,208 | €59,538 | +€27,329 | +84.9% |
| Current assets | 29/58 | €266,539 | €319,874 | +€53,335 | +20.0% |
| Amounts receivable within one year | 40/41 | €49,482 | €173,970 | +€124,488 | +252% |
| Trade receivables | 40 | €34,954 | €45,599 | +€10,645 | +30.5% |
| Other amounts receivable | 41 | €14,529 | €128,372 | +€113,843 | +784% |
| Cash at bank and in hand | 54/58 | €217,057 | €145,904 | -€71,153 | -32.8% |
| Total equity and liabilities | 10/49 | €298,748 | €379,411 | +€80,664 | +27.0% |
| Equity | 10/15 | €217,856 | €212,116 | -€5,741 | -2.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,356 | €209,616 | -€5,741 | -2.7% |
| Amounts payable | 17/49 | €80,891 | €167,296 | +€86,405 | +107% |
| Amounts payable within one year | 42/48 | €80,891 | €167,296 | +€86,405 | +107% |
| Trade debts | 44 | €9,173 | €62,099 | +€52,926 | +577% |
| Suppliers | 440/4 | €9,173 | €62,099 | +€52,926 | +577% |
| Taxes, remuneration and social security | 45 | €71,718 | €30,911 | -€40,807 | -56.9% |
| Taxes | 450/3 | €70,115 | €24,809 | -€45,306 | -64.6% |
| Remuneration and social security | 454/9 | €1,603 | €6,102 | +€4,499 | +281% |
| Other amounts payable | 47/48 | - | €74,286 | +€74,286 | |
| Remuneration, social security and pensions | 62 | €25,226 | €43,132 | +€17,907 | +71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,723 | €8,681 | +€1,958 | +29.1% |
| Other operating charges | 640/8 | €1,830 | €2,626 | +€795 | +43.5% |
| Gross operating margin | 9900 | €246,537 | €138,632 | -€107,905 | -43.8% |
| Operating profit (loss) | 9901 | €212,758 | €84,194 | -€128,564 | -60.4% |
| Financial income | 75/76B | €2 | €2,079 | +€2,077 | +106,528% |
| Recurring financial income | 75 | €2 | €2,079 | +€2,077 | +106,528% |
| Financial charges | 65/66B | €39 | €87 | +€48 | +122% |
| Recurring financial charges | 65 | €39 | €87 | +€48 | +122% |
| Profit (loss) for the period before taxes | 9903 | €212,721 | €86,186 | -€126,535 | -59.5% |
| Income taxes | 67/77 | €49,057 | €17,641 | -€31,416 | -64.0% |
| Profit (loss) for the period | 9904 | €163,664 | €68,545 | -€95,118 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €163,664 | €68,545 | -€95,118 | -58.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.