Multi Business Projects: what changed
What changed
Multi Business Projects
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€74,973
2024 · €74,215+€758
Equity
€28,840
2024 · €23,867+€4,973
Cash
€63,654
2024 · €42,622+€21,032
Balance sheet total
€189,770
2024 · €186,376+€3,394
Largest movements
Assets
- Tangible fixed assets -€22,473
down €22,473 (-21.9%), from €102,442 to €79,968
of which Furniture and vehicles: -€23,017
- Receivables within one year +€21,264
up €21,264 (+89.1%), from €23,871 to €45,135
of which Trade receivables: +€30,447
- Cash +€21,032
up €21,032 (+49.3%), from €42,622 to €63,654
mainly Net result for the year (+€74,973) and Depreciation (+€24,819)
- Deferred charges and accrued income -€16,430
down €16,430 (-94.2%), from €17,442 to €1,012
Equity and liabilities
- Debts after one year -€14,745
down €14,745 (-27.9%), from €52,763 to €38,018
- Tax, wage and social debts +€7,590
up €7,590 (+68.5%), from €11,085 to €18,675
of which Taxes: +€4,390
- Other debts +€5,194
up €5,194 (+7.3%), from €70,967 to €76,161
- Profit (loss) carried forward +€4,973
up €4,973 (+107%), from €4,667 to €9,640
Income statement
- Gross operating margin +€10,850
up €10,850 (+9.6%), from €112,841 to €123,691
- Depreciation +€7,862
up €7,862 (+46.4%), from €16,958 to €24,819
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€74,215
Gross operating margin
+€10,850
Depreciation
-€7,862
Other operating charges
-€482
Financial income
+€530
Financial charges
-€1,230
Taxes
-€1,049
Result 2025
€74,973
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€107,596
Investment
-€2,346
Financing
-€84,217
Cash 2024
€42,622
From operations (derived)
+€107,596
Net result for the year
+€74,973
Depreciation
+€24,819
Receivables within one year
-€21,264
Deferred charges and accrued income
+€16,430
Trade debts
-€146
Tax, wage and social debts
+€7,590
Other debts
+€5,194
Investment (derived)
-€2,346
Investment in fixed assets (net)
-€2,346
Financing
-€84,217
Debts after one year
-€14,745
Current portion of long-term debt
+€546
Short-term financial debts
-€18
Contributions, distributions and other
-€70,000
Cash 2025
€63,654
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,376 | €189,770 | +€3,394 | +1.8% |
| Fixed assets | 21/28 | €102,442 | €79,968 | -€22,473 | -21.9% |
| Tangible fixed assets | 22/27 | €102,442 | €79,968 | -€22,473 | -21.9% |
| Plant, machinery and equipment | 23 | €1,786 | €2,654 | +€868 | +48.6% |
| Furniture and vehicles | 24 | €100,008 | €76,991 | -€23,017 | -23.0% |
| Other tangible fixed assets | 26 | €647 | €324 | -€324 | -50.0% |
| Current assets | 29/58 | €83,934 | €109,801 | +€25,867 | +30.8% |
| Amounts receivable within one year | 40/41 | €23,871 | €45,135 | +€21,264 | +89.1% |
| Trade receivables | 40 | €10,618 | €41,065 | +€30,447 | +287% |
| Other amounts receivable | 41 | €13,253 | €4,070 | -€9,182 | -69.3% |
| Cash at bank and in hand | 54/58 | €42,622 | €63,654 | +€21,032 | +49.3% |
| Deferred charges and accrued income | 490/1 | €17,442 | €1,012 | -€16,430 | -94.2% |
| Total equity and liabilities | 10/49 | €186,376 | €189,770 | +€3,394 | +1.8% |
| Equity | 10/15 | €23,867 | €28,840 | +€4,973 | +20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,667 | €9,640 | +€4,973 | +107% |
| Amounts payable | 17/49 | €162,509 | €160,930 | -€1,579 | -1.0% |
| Amounts payable after more than one year | 17 | €52,763 | €38,018 | -€14,745 | -27.9% |
| Financial debts | 170/4 | €52,763 | €38,018 | -€14,745 | -27.9% |
| Amounts payable within one year | 42/48 | €109,747 | €122,912 | +€13,166 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €14,199 | €14,745 | +€546 | +3.8% |
| Financial debts | 43 | €8,826 | €8,808 | -€18 | -0.2% |
| Credit institutions | 430/8 | €8,826 | €8,808 | -€18 | -0.2% |
| Trade debts | 44 | €4,670 | €4,524 | -€146 | -3.1% |
| Suppliers | 440/4 | €4,670 | €4,524 | -€146 | -3.1% |
| Taxes, remuneration and social security | 45 | €11,085 | €18,675 | +€7,590 | +68.5% |
| Taxes | 450/3 | €11,085 | €15,475 | +€4,390 | +39.6% |
| Remuneration and social security | 454/9 | - | €3,200 | +€3,200 | |
| Other amounts payable | 47/48 | €70,967 | €76,161 | +€5,194 | +7.3% |
| Non-recurring operating income | 76A | €18,058 | €500 | -€17,558 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,958 | €24,819 | +€7,862 | +46.4% |
| Other operating charges | 640/8 | €1,298 | €1,781 | +€482 | +37.1% |
| Gross operating margin | 9900 | €112,841 | €123,691 | +€10,850 | +9.6% |
| Operating profit (loss) | 9901 | €94,585 | €97,091 | +€2,506 | +2.6% |
| Financial income | 75/76B | €455 | €985 | +€530 | +117% |
| Recurring financial income | 75 | €455 | €985 | +€530 | +117% |
| Financial charges | 65/66B | €2,255 | €3,485 | +€1,230 | +54.6% |
| Recurring financial charges | 65 | €2,255 | €3,485 | +€1,230 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €92,784 | €94,591 | +€1,806 | +1.9% |
| Income taxes | 67/77 | €18,569 | €19,617 | +€1,049 | +5.6% |
| Profit (loss) for the period | 9904 | €74,215 | €74,973 | +€758 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,215 | €74,973 | +€758 | +1.0% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.