MULTANI: 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.
MULTANI
Largest movements
- Receivables within one year -€40,313
down €40,313 (-81.8%), from €49,299 to €8,986
- Cash +€35,208
up €35,208 (+16680.9%), from €211 to €35,419
mainly Receivables within one year (+€40,313) and Stocks and contracts (+€11,544)
- Stocks and contracts -€11,544
down €11,544 (-20.3%), from €56,991 to €45,447
- Profit (loss) carried forward -€15,342
down €15,342 (-46.9%), from €32,691 to €17,350
- Trade debts -€2,203
down €2,203 (-29.6%), from €7,440 to €5,237
- Gross operating margin -€15,109
down €15,109, from €1,448 to -€13,661
- Other operating charges +€946
up €946 (+60.0%), from €1,578 to €2,524
- Financial charges +€239
up €239 (+40.1%), from €596 to €835
- Taxes -€169
no longer reported in 2025 (was €169)
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 | €107,539 | €90,654 | -€16,885 | -15.7% |
| Fixed assets | 21/28 | €1,038 | €801 | -€236 | -22.8% |
| Tangible fixed assets | 22/27 | €673 | €336 | -€336 | -50.0% |
| Furniture and vehicles | 24 | €673 | €336 | -€336 | -50.0% |
| Financial fixed assets | 28 | €365 | €465 | +€100 | +27.4% |
| Current assets | 29/58 | €106,501 | €89,852 | -€16,649 | -15.6% |
| Stocks and contracts in progress | 3 | €56,991 | €45,447 | -€11,544 | -20.3% |
| Stocks | 30/36 | €56,991 | €45,447 | -€11,544 | -20.3% |
| Amounts receivable within one year | 40/41 | €49,299 | €8,986 | -€40,313 | -81.8% |
| Other amounts receivable | 41 | €49,299 | €8,986 | -€40,313 | -81.8% |
| Cash at bank and in hand | 54/58 | €211 | €35,419 | +€35,208 | +16680.9% |
| Total equity and liabilities | 10/49 | €107,539 | €90,654 | -€16,885 | -15.7% |
| Equity | 10/15 | €99,476 | €84,135 | -€15,342 | -15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,185 | €48,185 | = | 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% |
| Distributable reserves | 133 | €46,325 | €46,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,691 | €17,350 | -€15,342 | -46.9% |
| Amounts payable | 17/49 | €8,062 | €6,519 | -€1,543 | -19.1% |
| Amounts payable within one year | 42/48 | €8,062 | €6,519 | -€1,543 | -19.1% |
| Financial debts | 43 | - | €660 | +€660 | |
| Credit institutions | 430/8 | - | €660 | +€660 | |
| Trade debts | 44 | €7,440 | €5,237 | -€2,203 | -29.6% |
| Suppliers | 440/4 | €7,440 | €5,237 | -€2,203 | -29.6% |
| Taxes, remuneration and social security | 45 | €622 | €622 | = | 0.0% |
| Taxes | 450/3 | €622 | €622 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €336 | = | 0.0% |
| Other operating charges | 640/8 | €1,578 | €2,524 | +€946 | +60.0% |
| Gross operating margin | 9900 | €1,448 | -€13,661 | -€15,109 | |
| Operating profit (loss) | 9901 | -€465 | -€16,521 | -€16,055 | -3450.4% |
| Financial income | 75/76B | €1,980 | €2,013 | +€34 | +1.7% |
| Recurring financial income | 75 | €1,980 | €2,013 | +€34 | +1.7% |
| Financial charges | 65/66B | €596 | €835 | +€239 | +40.1% |
| Recurring financial charges | 65 | €596 | €835 | +€239 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €919 | -€15,342 | -€16,260 | |
| Income taxes | 67/77 | €169 | - | -€169 | |
| Profit (loss) for the period | 9904 | €750 | -€15,342 | -€16,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €750 | -€15,342 | -€16,091 |
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 11 October 2026 via checked.be.