MULTI CLEVER TRADE: 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.
What changed
MULTI CLEVER TRADE
NACE 47.120, Other non-specialised retail sale
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €5.4m-€1.5m
Equity
€760,679
2024 · €1.8m-€1.0m
Cash
€605,433
2024 · €807,459-€202,025
Balance sheet total
€8.5m
2024 · €8.2m+€343,755
Largest movements
Assets
- Current investments +€750,000
up €750,000 (+37.5%), from €2.0m to €2.8m
- Receivables within one year -€211,350
down €211,350 (-17.4%), from €1.2m to €1.0m
of which Trade receivables: -€490,232
- Cash -€202,025
down €202,025 (-25.0%), from €807,459 to €605,433
mainly Contributions, distributions and other (-€5.0m) and Current investments (-€750,000)
- Deferred charges and accrued income +€166,650
up €166,650 (+220%), from €75,581 to €242,231
- Stocks and contracts -€153,512
down €153,512 (-7.6%), from €2.0m to €1.9m
Equity and liabilities
- Profit (loss) carried forward -€1.0m
down €1.0m (-71.0%), from €1.5m to €426,329
- Tax, wage and social debts +€840,415
up €840,415 (+72.2%), from €1.2m to €2.0m
of which Taxes: +€852,148
- Other debts +€769,068
up €769,068 (+18.5%), from €4.2m to €4.9m
- Accrued charges and deferred income -€146,944
down €146,944 (-41.7%), from €352,090 to €205,146
Income statement
- Goods and materials +€603,329
up €603,329 (+4.7%), from €12.8m to €13.4m
of which Change in stocks: decrease (increase): +€720,994
- Turnover -€483,474
down €483,474 (-2.1%), from €22.8m to €22.3m
- Taxes -€474,954
down €474,954 (-25.9%), from €1.8m to €1.4m
of which Taxes: -€480,532
- Other operating income -€253,623
down €253,623 (-36.1%), from €702,920 to €449,297
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.
Result 2024
€5.4m
Turnover
-€483,474
Other operating income
-€253,623
Goods and materials
-€603,329
Services and other goods
+€54,277
Staff costs
-€186,409
Depreciation
-€7,306
Write-downs
-€108,257
Other operating charges
-€8,847
Other operating items
-€169,350
Financial income
-€85,017
Financial charges
-€100,172
Taxes
+€474,954
Result 2025
€4.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.7m
Investment
-€947,526
Financing
-€5.0m
Cash 2024
€807,459
From operations (derived)
+€5.7m
Net result for the year
+€4.0m
Depreciation
+€194,939
Receivables after one year
+€8,595
Stocks and contracts
+€153,512
Receivables within one year
+€211,350
Deferred charges and accrued income
-€166,650
Trade debts
-€76,547
Tax, wage and social debts
+€840,415
Other debts
+€769,068
Accrued charges and deferred income
-€146,944
Investment (derived)
-€947,526
Investment in fixed assets (net)
-€197,526
Current investments
-€750,000
Financing
-€5.0m
Contributions, distributions and other
-€5.0m
Cash 2025
€605,433
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,195,567 | €8,539,321 | +€343,755 | +4.2% |
| Fixed assets | 21/28 | €1,799,564 | €1,802,151 | +€2,587 | +0.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,782,308 | €1,784,895 | +€2,587 | +0.1% |
| Land and buildings | 22 | €1,575,762 | €1,465,696 | -€110,067 | -7.0% |
| Plant, machinery and equipment | 23 | €25,471 | €52,404 | +€26,932 | +106% |
| Furniture and vehicles | 24 | €179,893 | €266,796 | +€86,902 | +48.3% |
| Other tangible fixed assets | 26 | €1,181 | €0 | -€1,181 | -100% |
| Financial fixed assets | 28 | €17,256 | €17,256 | = | 0.0% |
| Other financial fixed assets | 284/8 | €17,256 | €17,256 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €17,256 | €17,256 | = | 0.0% |
| Current assets | 29/58 | €6,396,002 | €6,737,170 | +€341,168 | +5.3% |
| Amounts receivable after more than one year | 29 | €290,683 | €282,088 | -€8,595 | -3.0% |
| Other amounts receivable | 291 | €290,683 | €282,088 | -€8,595 | -3.0% |
| Stocks and contracts in progress | 3 | €2,006,739 | €1,853,226 | -€153,512 | -7.6% |
| Stocks | 30/36 | €2,006,739 | €1,853,226 | -€153,512 | -7.6% |
| Goods purchased for resale | 34 | €2,006,739 | €1,853,226 | -€153,512 | -7.6% |
| Amounts receivable within one year | 40/41 | €1,215,541 | €1,004,192 | -€211,350 | -17.4% |
| Trade receivables | 40 | €790,261 | €300,029 | -€490,232 | -62.0% |
| Other amounts receivable | 41 | €425,280 | €704,163 | +€278,883 | +65.6% |
| Current investments | 50/53 | €2,000,000 | €2,750,000 | +€750,000 | +37.5% |
| Other investments | 51/53 | €2,000,000 | €2,750,000 | +€750,000 | +37.5% |
| Cash at bank and in hand | 54/58 | €807,459 | €605,433 | -€202,025 | -25.0% |
| Deferred charges and accrued income | 490/1 | €75,581 | €242,231 | +€166,650 | +220% |
| Total equity and liabilities | 10/49 | €8,195,567 | €8,539,321 | +€343,755 | +4.2% |
| Equity | 10/15 | €1,802,916 | €760,679 | -€1.0m | -57.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,750 | €315,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,750 | €0 | -€315,750 | -100% |
| Distributable reserves | 133 | - | €315,750 | +€315,750 | |
| Profit (loss) carried forward | 14 | €1,468,566 | €426,329 | -€1.0m | -71.0% |
| Amounts payable | 17/49 | €6,392,650 | €7,778,642 | +€1.4m | +21.7% |
| Amounts payable within one year | 42/48 | €6,040,560 | €7,573,495 | +€1.5m | +25.4% |
| Trade debts | 44 | €724,525 | €647,978 | -€76,547 | -10.6% |
| Suppliers | 440/4 | €724,525 | €647,978 | -€76,547 | -10.6% |
| Taxes, remuneration and social security | 45 | €1,163,617 | €2,004,032 | +€840,415 | +72.2% |
| Taxes | 450/3 | €992,102 | €1,844,250 | +€852,148 | +85.9% |
| Remuneration and social security | 454/9 | €171,515 | €159,782 | -€11,733 | -6.8% |
| Other amounts payable | 47/48 | €4,152,417 | €4,921,485 | +€769,068 | +18.5% |
| Accrued charges and deferred income | 492/3 | €352,090 | €205,146 | -€146,944 | -41.7% |
| Operating income | 70/76A | €23,681,572 | €22,784,516 | -€897,056 | -3.8% |
| Turnover | 70 | €22,818,693 | €22,335,219 | -€483,474 | -2.1% |
| Other operating income | 74 | €702,920 | €449,297 | -€253,623 | -36.1% |
| Non-recurring operating income | 76A | €159,959 | €0 | -€159,959 | -100% |
| Operating charges | 60/66A | €16,267,423 | €17,136,685 | +€869,262 | +5.3% |
| Goods for resale, raw materials and consumables | 60 | €12,780,828 | €13,384,157 | +€603,329 | +4.7% |
| Purchases | 600/8 | €13,463,267 | €13,345,602 | -€117,664 | -0.9% |
| Change in stocks: decrease (increase) | 609 | -€682,438 | €38,555 | +€720,994 | |
| Services and other goods | 61 | €1,805,532 | €1,751,255 | -€54,277 | -3.0% |
| Remuneration, social security and pensions | 62 | €1,470,844 | €1,657,253 | +€186,409 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,633 | €194,939 | +€7,306 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,700 | €114,957 | +€108,257 | +1,616% |
| Other operating charges | 640/8 | €15,885 | €24,732 | +€8,847 | +55.7% |
| Non-recurring operating charges | 66A | - | €9,391 | +€9,391 | |
| Operating profit (loss) | 9901 | €7,414,149 | €5,647,831 | -€1.8m | -23.8% |
| Financial income | 75/76B | €106,867 | €21,850 | -€85,017 | -79.6% |
| Recurring financial income | 75 | €106,867 | €21,850 | -€85,017 | -79.6% |
| Income from current assets | 751 | €102,355 | €21,801 | -€80,554 | -78.7% |
| Other financial income | 752/9 | €4,512 | €49 | -€4,463 | -98.9% |
| Financial charges | 65/66B | €255,435 | €355,607 | +€100,172 | +39.2% |
| Recurring financial charges | 65 | €255,435 | €355,607 | +€100,172 | +39.2% |
| Debt charges | 650 | €127 | €5,973 | +€5,845 | +4,594% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €255,308 | €349,634 | +€94,326 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €7,265,582 | €5,314,074 | -€2.0m | -26.9% |
| Income taxes | 67/77 | €1,831,265 | €1,356,311 | -€474,954 | -25.9% |
| Taxes | 670/3 | €1,836,844 | €1,356,311 | -€480,532 | -26.2% |
| Tax adjustments and reversals of tax provisions | 77 | €5,578 | €0 | -€5,578 | -100% |
| Profit (loss) for the period | 9904 | €5,434,316 | €3,957,763 | -€1.5m | -27.2% |
| Transfer from tax-exempt reserves | 789 | €0 | €315,750 | +€315,750 | |
| Transfer to tax-exempt reserves | 689 | €315,750 | €0 | -€315,750 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €5,118,566 | €4,273,513 | -€845,054 | -16.5% |
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 21 October 2026 via checked.be.