Multenet: 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.
Multenet
Largest movements
- Receivables within one year +€132,398
up €132,398 (+139%), from €95,372 to €227,770
of which Other amounts receivable: +€178,165
- Cash +€20,642
up €20,642 (+85.3%), from €24,210 to €44,852
mainly Trade debts (+€166,404) and Other debts (+€5,000)
- Trade debts +€166,404
up €166,404 (+735%), from €22,644 to €189,048
- Profit (loss) carried forward -€10,056
down €10,056 (-17.5%), from €57,362 to €47,307
- Tax, wage and social debts -€7,508
no longer reported in 2025 (was €7,508)
of which Taxes: -€7,426
- Other debts +€5,000
up €5,000 (+35.7%), from €14,000 to €19,000
- Gross operating margin -€36,498
down €36,498 (-64.6%), from €56,464 to €19,966
- Financial income +€4,331
up €4,331 (+185%), from €2,343 to €6,673
- Taxes -€3,980
no longer reported in 2025 (was €3,980)
- Other operating charges -€3,446
down €3,446 (-89.6%), from €3,846 to €400
- Staff costs -€2,719
down €2,719 (-7.8%), from €35,043 to €32,324
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 | €121,515 | €275,354 | +€153,840 | +127% |
| Fixed assets | 21/28 | €1,933 | €2,486 | +€553 | +28.6% |
| Tangible fixed assets | 22/27 | €1,933 | €2,486 | +€553 | +28.6% |
| Furniture and vehicles | 24 | €1,933 | €2,486 | +€553 | +28.6% |
| Current assets | 29/58 | €119,582 | €272,869 | +€153,287 | +128% |
| Amounts receivable within one year | 40/41 | €95,372 | €227,770 | +€132,398 | +139% |
| Trade receivables | 40 | €46,644 | €877 | -€45,767 | -98.1% |
| Other amounts receivable | 41 | €48,728 | €226,892 | +€178,165 | +366% |
| Cash at bank and in hand | 54/58 | €24,210 | €44,852 | +€20,642 | +85.3% |
| Deferred charges and accrued income | 490/1 | - | €247 | +€247 | |
| Total equity and liabilities | 10/49 | €121,515 | €275,354 | +€153,840 | +127% |
| Equity | 10/15 | €77,362 | €67,307 | -€10,056 | -13.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,362 | €47,307 | -€10,056 | -17.5% |
| Amounts payable | 17/49 | €44,152 | €208,048 | +€163,896 | +371% |
| Amounts payable within one year | 42/48 | €44,152 | €208,048 | +€163,896 | +371% |
| Trade debts | 44 | €22,644 | €189,048 | +€166,404 | +735% |
| Suppliers | 440/4 | €22,644 | €189,048 | +€166,404 | +735% |
| Taxes, remuneration and social security | 45 | €7,508 | - | -€7,508 | |
| Taxes | 450/3 | €7,426 | - | -€7,426 | |
| Remuneration and social security | 454/9 | €82 | - | -€82 | |
| Other amounts payable | 47/48 | €14,000 | €19,000 | +€5,000 | +35.7% |
| Remuneration, social security and pensions | 62 | €35,043 | €32,324 | -€2,719 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,940 | €1,435 | -€1,505 | -51.2% |
| Other operating charges | 640/8 | €3,846 | €400 | -€3,446 | -89.6% |
| Gross operating margin | 9900 | €56,464 | €19,966 | -€36,498 | -64.6% |
| Operating profit (loss) | 9901 | €14,635 | -€14,193 | -€28,828 | |
| Financial income | 75/76B | €2,343 | €6,673 | +€4,331 | +185% |
| Recurring financial income | 75 | €2,343 | €6,673 | +€4,331 | +185% |
| Financial charges | 65/66B | €3,036 | €2,536 | -€500 | -16.5% |
| Recurring financial charges | 65 | €3,036 | €2,536 | -€500 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €13,942 | -€10,056 | -€23,998 | |
| Income taxes | 67/77 | €3,980 | - | -€3,980 | |
| Profit (loss) for the period | 9904 | €9,962 | -€10,056 | -€20,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,962 | -€10,056 | -€20,018 |
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 27 October 2026 via checked.be.