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 +€28,738
up €28,738 (+46.4%), from €61,873 to €90,611
of which Trade receivables: +€32,229
- Tangible fixed assets -€19,538
down €19,538 (-26.7%), from €73,307 to €53,770
of which Furniture and vehicles: -€12,526
- Stocks and contracts -€10,585
down €10,585 (-23.8%), from €44,510 to €33,925
- Other debts -€15,524
down €15,524 (-62.6%), from €24,811 to €9,287
- Trade debts +€6,493
up €6,493 (+81.6%), from €7,959 to €14,452
- Tax, wage and social debts +€3,908
up €3,908 (+91.8%), from €4,258 to €8,166
- Reserves +€3,283
up €3,283 (+12.7%), from €25,926 to €29,209
- Gross operating margin +€3,201
up €3,201 (+12.9%), from €24,859 to €28,060
- Depreciation -€1,149
down €1,149 (-5.6%), from €20,687 to €19,538
- Taxes +€1,082
up €1,082 (+56.7%), from €1,909 to €2,992
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 | €200,428 | €198,588 | -€1,840 | -0.9% |
| Fixed assets | 21/28 | €73,307 | €53,770 | -€19,538 | -26.7% |
| Tangible fixed assets | 22/27 | €73,307 | €53,770 | -€19,538 | -26.7% |
| Plant, machinery and equipment | 23 | €18,071 | €12,682 | -€5,388 | -29.8% |
| Furniture and vehicles | 24 | €42,637 | €30,112 | -€12,526 | -29.4% |
| Other tangible fixed assets | 26 | €12,600 | €10,976 | -€1,624 | -12.9% |
| Current assets | 29/58 | €127,120 | €144,818 | +€17,697 | +13.9% |
| Stocks and contracts in progress | 3 | €44,510 | €33,925 | -€10,585 | -23.8% |
| Stocks | 30/36 | €44,510 | €33,925 | -€10,585 | -23.8% |
| Amounts receivable within one year | 40/41 | €61,873 | €90,611 | +€28,738 | +46.4% |
| Trade receivables | 40 | €57,568 | €89,796 | +€32,229 | +56.0% |
| Other amounts receivable | 41 | €4,306 | €815 | -€3,491 | -81.1% |
| Cash at bank and in hand | 54/58 | €12,963 | €11,505 | -€1,458 | -11.3% |
| Deferred charges and accrued income | 490/1 | €7,774 | €8,777 | +€1,003 | +12.9% |
| Total equity and liabilities | 10/49 | €200,428 | €198,588 | -€1,840 | -0.9% |
| Equity | 10/15 | €30,985 | €34,268 | +€3,283 | +10.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,926 | €29,209 | +€3,283 | +12.7% |
| Distributable reserves | 133 | €25,926 | €29,209 | +€3,283 | +12.7% |
| Profit (loss) carried forward | 14 | €59 | €59 | = | 0.0% |
| Amounts payable | 17/49 | €169,442 | €164,319 | -€5,123 | -3.0% |
| Amounts payable after more than one year | 17 | €132,414 | €132,414 | = | 0.0% |
| Financial debts | 170/4 | €132,414 | €132,414 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,029 | €31,905 | -€5,123 | -13.8% |
| Trade debts | 44 | €7,959 | €14,452 | +€6,493 | +81.6% |
| Suppliers | 440/4 | €7,959 | €14,452 | +€6,493 | +81.6% |
| Taxes, remuneration and social security | 45 | €4,258 | €8,166 | +€3,908 | +91.8% |
| Taxes | 450/3 | €4,258 | €8,166 | +€3,908 | +91.8% |
| Other amounts payable | 47/48 | €24,811 | €9,287 | -€15,524 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,687 | €19,538 | -€1,149 | -5.6% |
| Other operating charges | 640/8 | €1,927 | €1,913 | -€14 | -0.7% |
| Gross operating margin | 9900 | €24,859 | €28,060 | +€3,201 | +12.9% |
| Operating profit (loss) | 9901 | €2,246 | €6,610 | +€4,364 | +194% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €280 | €335 | +€56 | +19.9% |
| Recurring financial charges | 65 | €280 | €335 | +€56 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €1,968 | €6,275 | +€4,306 | +219% |
| Income taxes | 67/77 | €1,909 | €2,992 | +€1,082 | +56.7% |
| Profit (loss) for the period | 9904 | €59 | €3,283 | +€3,224 | +5,452% |
| Profit (loss) for the period to be appropriated | 9905 | €59 | €3,283 | +€3,224 | +5,452% |
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 28 October 2026 via checked.be.