MOULTIPASS: 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.
MOULTIPASS
Largest movements
- Tangible fixed assets +€34,885
up €34,885 (+461.3%), from €7,563 to €42,448
- Financial fixed assets +€5,000
up €5,000 (+3333.3%), from €150 to €5,150
- Receivables within one year -€4,451
down €4,451 (-45.0%), from €9,883 to €5,433
- Cash +€817
up €817 (+24.1%), from €3,396 to €4,213
mainly Debts after one year (+€28,493) and Net result for the year (+€9,955)
- Debts after one year +€28,493
up €28,493 (+426.5%), from €6,681 to €35,174
- Profit (loss) carried forward +€9,955
up €9,955 (+88.0%), from -€11,313 to -€1,357
- Trade debts -€8,657
down €8,657 (-82.2%), from €10,528 to €1,871
- Other debts +€5,536
up €5,536 (+379.8%), from €1,458 to €6,994
- Current portion of long-term debt +€5,379
up €5,379 (+104.8%), from €5,131 to €10,510
- Financial income +€11,734
new in 2025: €11,734
of which Non-recurring financial income: +€10,701
- Gross operating margin -€6,160
down €6,160 (-53.5%), from €11,522 to €5,362
- Depreciation -€1,959
down €1,959 (-29.3%), from €6,675 to €4,716
- Staff costs -€1,840
no longer reported in 2025 (was €1,840)
- Financial charges +€686
up €686 (+84.8%), from €808 to €1,494
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 | €20,992 | €57,244 | +€36,251 | +172.7% |
| Fixed assets | 21/28 | €7,713 | €47,598 | +€39,885 | +517.1% |
| Tangible fixed assets | 22/27 | €7,563 | €42,448 | +€34,885 | +461.3% |
| Furniture and vehicles | 24 | €7,563 | €42,448 | +€34,885 | +461.3% |
| Financial fixed assets | 28 | €150 | €5,150 | +€5,000 | +3333.3% |
| Current assets | 29/58 | €13,279 | €9,645 | -€3,634 | -27.4% |
| Amounts receivable within one year | 40/41 | €9,883 | €5,433 | -€4,451 | -45.0% |
| Trade receivables | 40 | €9,883 | €5,433 | -€4,451 | -45.0% |
| Cash at bank and in hand | 54/58 | €3,396 | €4,213 | +€817 | +24.1% |
| Total equity and liabilities | 10/49 | €20,992 | €57,244 | +€36,251 | +172.7% |
| Equity | 10/15 | -€9,313 | €643 | +€9,955 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,313 | -€1,357 | +€9,955 | +88.0% |
| Amounts payable | 17/49 | €30,305 | €56,601 | +€26,296 | +86.8% |
| Amounts payable after more than one year | 17 | €6,681 | €35,174 | +€28,493 | +426.5% |
| Financial debts | 170/4 | €6,681 | €35,174 | +€28,493 | +426.5% |
| Amounts payable within one year | 42/48 | €23,624 | €21,427 | -€2,197 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,131 | €10,510 | +€5,379 | +104.8% |
| Trade debts | 44 | €10,528 | €1,871 | -€8,657 | -82.2% |
| Suppliers | 440/4 | €10,528 | €1,871 | -€8,657 | -82.2% |
| Taxes, remuneration and social security | 45 | €6,507 | €2,052 | -€4,455 | -68.5% |
| Taxes | 450/3 | €5,122 | €2,052 | -€3,070 | -59.9% |
| Remuneration and social security | 454/9 | €1,385 | - | -€1,385 | |
| Other amounts payable | 47/48 | €1,458 | €6,994 | +€5,536 | +379.8% |
| Remuneration, social security and pensions | 62 | €1,840 | - | -€1,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,675 | €4,716 | -€1,959 | -29.3% |
| Other operating charges | 640/8 | €706 | €930 | +€224 | +31.7% |
| Gross operating margin | 9900 | €11,522 | €5,362 | -€6,160 | -53.5% |
| Operating profit (loss) | 9901 | €2,301 | -€285 | -€2,586 | |
| Financial income | 75/76B | - | €11,734 | +€11,734 | |
| Recurring financial income | 75 | - | €1,033 | +€1,033 | |
| Non-recurring financial income | 76B | - | €10,701 | +€10,701 | |
| Financial charges | 65/66B | €808 | €1,494 | +€686 | +84.8% |
| Recurring financial charges | 65 | €808 | €1,494 | +€686 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €1,493 | €9,955 | +€8,463 | +567.0% |
| Profit (loss) for the period | 9904 | €1,493 | €9,955 | +€8,463 | +567.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,493 | €9,955 | +€8,463 | +567.0% |
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 6 October 2026 via checked.be.