MULTI AIR: 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.
MULTI AIR
Largest movements
- Receivables within one year +€97,541
up €97,541 (+114.7%), from €85,044 to €182,585
of which Trade receivables: +€98,234
- Cash -€47,266
down €47,266 (-35.7%), from €132,581 to €85,315
mainly Receivables within one year (-€97,541) and Investment in fixed assets (net) (-€83,188)
- Tangible fixed assets +€8,843
up €8,843 (+4.1%), from €213,509 to €222,352
of which Furniture and vehicles: +€53,283
- Reserves +€28,237
up €28,237 (+8.9%), from €316,661 to €344,898
- Debts after one year +€14,449
up €14,449 (+25.1%), from €57,575 to €72,025
- Current portion of long-term debt +€6,792
up €6,792 (+24.0%), from €28,358 to €35,151
- Tax, wage and social debts +€6,300
up €6,300 (+140.0%), from €4,500 to €10,800
- Trade debts +€5,404
up €5,404 (+30.5%), from €17,690 to €23,094
- Gross operating margin -€10,422
down €10,422 (-7.8%), from €132,794 to €122,372
- Taxes -€2,721
down €2,721 (-19.7%), from €13,839 to €11,118
- Other operating charges +€2,340
up €2,340 (+47.2%), from €4,959 to €7,298
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,985 | €504,574 | +€60,589 | +13.6% |
| Fixed assets | 21/28 | €213,908 | €222,751 | +€8,843 | +4.1% |
| Tangible fixed assets | 22/27 | €213,509 | €222,352 | +€8,843 | +4.1% |
| Land and buildings | 22 | €144,470 | €102,822 | -€41,648 | -28.8% |
| Plant, machinery and equipment | 23 | €6,022 | €3,231 | -€2,791 | -46.4% |
| Furniture and vehicles | 24 | €63,017 | €116,299 | +€53,283 | +84.6% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €230,076 | €281,823 | +€51,746 | +22.5% |
| Stocks and contracts in progress | 3 | €6,942 | €9,507 | +€2,565 | +37.0% |
| Stocks | 30/36 | €6,942 | €9,507 | +€2,565 | +37.0% |
| Amounts receivable within one year | 40/41 | €85,044 | €182,585 | +€97,541 | +114.7% |
| Trade receivables | 40 | €51,857 | €150,091 | +€98,234 | +189.4% |
| Other amounts receivable | 41 | €33,187 | €32,494 | -€693 | -2.1% |
| Cash at bank and in hand | 54/58 | €132,581 | €85,315 | -€47,266 | -35.7% |
| Deferred charges and accrued income | 490/1 | €5,510 | €4,416 | -€1,094 | -19.9% |
| Total equity and liabilities | 10/49 | €443,985 | €504,574 | +€60,589 | +13.6% |
| Equity | 10/15 | €335,261 | €363,498 | +€28,237 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €316,661 | €344,898 | +€28,237 | +8.9% |
| Distributable reserves | 133 | €316,661 | €344,898 | +€28,237 | +8.9% |
| Amounts payable | 17/49 | €108,724 | €141,076 | +€32,352 | +29.8% |
| Amounts payable after more than one year | 17 | €57,575 | €72,025 | +€14,449 | +25.1% |
| Financial debts | 170/4 | €57,575 | €72,025 | +€14,449 | +25.1% |
| Amounts payable within one year | 42/48 | €51,148 | €69,045 | +€17,896 | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €28,358 | €35,151 | +€6,792 | +24.0% |
| Trade debts | 44 | €17,690 | €23,094 | +€5,404 | +30.5% |
| Suppliers | 440/4 | €17,690 | €23,094 | +€5,404 | +30.5% |
| Taxes, remuneration and social security | 45 | €4,500 | €10,800 | +€6,300 | +140.0% |
| Taxes | 450/3 | €4,500 | €10,800 | +€6,300 | +140.0% |
| Other amounts payable | 47/48 | €600 | - | -€600 | |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Non-recurring operating income | 76A | €15,180 | - | -€15,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,934 | €74,345 | -€589 | -0.8% |
| Other operating charges | 640/8 | €4,959 | €7,298 | +€2,340 | +47.2% |
| Gross operating margin | 9900 | €132,794 | €122,372 | -€10,422 | -7.8% |
| Operating profit (loss) | 9901 | €52,901 | €40,728 | -€12,173 | -23.0% |
| Financial income | 75/76B | €3,642 | €4,017 | +€375 | +10.3% |
| Recurring financial income | 75 | €3,642 | €4,017 | +€375 | +10.3% |
| Financial charges | 65/66B | €5,474 | €5,390 | -€84 | -1.5% |
| Recurring financial charges | 65 | €5,474 | €5,390 | -€84 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €51,069 | €39,355 | -€11,714 | -22.9% |
| Income taxes | 67/77 | €13,839 | €11,118 | -€2,721 | -19.7% |
| Profit (loss) for the period | 9904 | €37,230 | €28,237 | -€8,993 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,230 | €28,237 | -€8,993 | -24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.