Mulltron: 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.
Mulltron
Largest movements
- Cash +€31,013
up €31,013 (+1,109%), from €2,797 to €33,810
mainly Net result for the year (+€60,704) and Receivables within one year (+€9,282)
- Receivables within one year -€9,282
down €9,282 (-19.3%), from €48,146 to €38,864
of which Trade receivables: -€17,612
- Tangible fixed assets +€2,083
up €2,083 (+73.5%), from €2,833 to €4,916
- Deferred charges and accrued income +€1,207
new in 2025: €1,207
- Profit (loss) carried forward +€60,704
up €60,704 (+864%), from €7,023 to €67,726
- Advances received -€26,222
no longer reported in 2025 (was €26,222)
- Trade debts -€14,804
down €14,804 (-70.3%), from €21,051 to €6,247
- Tax, wage and social debts +€4,944
up €4,944 (+383%), from €1,290 to €6,234
- Gross operating margin +€71,116
up €71,116 (+774%), from €9,183 to €80,299
- Taxes +€14,376
up €14,376 (+761%), from €1,890 to €16,265
- Depreciation +€1,599
up €1,599 (+645%), from €248 to €1,847
- Financial charges +€1,490
up €1,490 (+6,503%), from €23 to €1,513
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 | €55,735 | €80,357 | +€24,622 | +44.2% |
| Fixed assets | 21/28 | €4,793 | €6,476 | +€1,683 | +35.1% |
| Intangible fixed assets | 21 | €1,960 | €1,560 | -€400 | -20.4% |
| Tangible fixed assets | 22/27 | €2,833 | €4,916 | +€2,083 | +73.5% |
| Furniture and vehicles | 24 | €2,833 | €4,916 | +€2,083 | +73.5% |
| Current assets | 29/58 | €50,943 | €73,881 | +€22,938 | +45.0% |
| Amounts receivable within one year | 40/41 | €48,146 | €38,864 | -€9,282 | -19.3% |
| Trade receivables | 40 | €47,300 | €29,689 | -€17,612 | -37.2% |
| Other amounts receivable | 41 | €845 | €9,175 | +€8,330 | +985% |
| Cash at bank and in hand | 54/58 | €2,797 | €33,810 | +€31,013 | +1,109% |
| Deferred charges and accrued income | 490/1 | - | €1,207 | +€1,207 | |
| Total equity and liabilities | 10/49 | €55,735 | €80,357 | +€24,622 | +44.2% |
| Equity | 10/15 | €7,173 | €67,876 | +€60,704 | +846% |
| Contributions | 10/11 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,023 | €67,726 | +€60,704 | +864% |
| Amounts payable | 17/49 | €48,562 | €12,481 | -€36,082 | -74.3% |
| Amounts payable within one year | 42/48 | €48,562 | €12,481 | -€36,082 | -74.3% |
| Trade debts | 44 | €21,051 | €6,247 | -€14,804 | -70.3% |
| Suppliers | 440/4 | €21,051 | €6,247 | -€14,804 | -70.3% |
| Advances received on contracts in progress | 46 | €26,222 | - | -€26,222 | |
| Taxes, remuneration and social security | 45 | €1,290 | €6,234 | +€4,944 | +383% |
| Taxes | 450/3 | €1,290 | €6,234 | +€4,944 | +383% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248 | €1,847 | +€1,599 | +645% |
| Gross operating margin | 9900 | €9,183 | €80,299 | +€71,116 | +774% |
| Operating profit (loss) | 9901 | €8,935 | €78,452 | +€69,517 | +778% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €23 | €1,513 | +€1,490 | +6,503% |
| Recurring financial charges | 65 | €23 | €1,513 | +€1,490 | +6,503% |
| Profit (loss) for the period before taxes | 9903 | €8,912 | €76,969 | +€68,057 | +764% |
| Income taxes | 67/77 | €1,890 | €16,265 | +€14,376 | +761% |
| Profit (loss) for the period | 9904 | €7,023 | €60,704 | +€53,681 | +764% |
| Profit (loss) for the period to be appropriated | 9905 | €7,023 | €60,704 | +€53,681 | +764% |
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 24 October 2026 via checked.be.