MULTI-COMMUNICATION: 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.
MULTI-COMMUNICATION
Largest movements
- Receivables within one year +€2,438
up €2,438 (+433.6%), from €562 to €3,000
of which Trade receivables: +€3,000
- Deferred charges and accrued income +€251
new in 2025: €251
- Other debts +€5,807
up €5,807 (+1.8%), from €314,962 to €320,768
- Profit (loss) carried forward -€4,013
down €4,013 (-1.0%), from -€390,638 to -€394,651
- Short-term financial debts +€690
up €690 (+16.1%), from €4,291 to €4,982
- Trade debts +€205
new in 2025: €205
- Gross operating margin +€4,168
up €4,168 (+63.7%), from -€6,542 to -€2,374
- Depreciation -€530
no longer reported in 2025 (was €530)
- Financial charges +€185
up €185 (+26.6%), from €694 to €879
- Other operating charges -€75
down €75 (-9.0%), from €836 to €760
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,062 | €4,751 | +€2,689 | +130.4% |
| Fixed assets | 21/28 | €1,500 | €1,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €562 | €3,251 | +€2,689 | +478.3% |
| Amounts receivable within one year | 40/41 | €562 | €3,000 | +€2,438 | +433.6% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €562 | - | -€562 | |
| Deferred charges and accrued income | 490/1 | - | €251 | +€251 | |
| Total equity and liabilities | 10/49 | €2,062 | €4,751 | +€2,689 | +130.4% |
| Equity | 10/15 | -€317,191 | -€321,204 | -€4,013 | -1.3% |
| Contributions | 10/11 | €18,625 | €18,625 | = | 0.0% |
| Reserves | 13 | €54,822 | €54,822 | = | 0.0% |
| Distributable reserves | 133 | €54,822 | €54,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€390,638 | -€394,651 | -€4,013 | -1.0% |
| Amounts payable | 17/49 | €319,253 | €325,955 | +€6,702 | +2.1% |
| Amounts payable within one year | 42/48 | €319,253 | €325,955 | +€6,702 | +2.1% |
| Financial debts | 43 | €4,291 | €4,982 | +€690 | +16.1% |
| Credit institutions | 430/8 | €4,291 | €4,982 | +€690 | +16.1% |
| Trade debts | 44 | - | €205 | +€205 | |
| Suppliers | 440/4 | - | €205 | +€205 | |
| Other amounts payable | 47/48 | €314,962 | €320,768 | +€5,807 | +1.8% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | - | -€530 | |
| Other operating charges | 640/8 | €836 | €760 | -€75 | -9.0% |
| Gross operating margin | 9900 | -€6,542 | -€2,374 | +€4,168 | +63.7% |
| Operating profit (loss) | 9901 | -€7,908 | -€3,134 | +€4,773 | +60.4% |
| Financial charges | 65/66B | €694 | €879 | +€185 | +26.6% |
| Recurring financial charges | 65 | €694 | €879 | +€185 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,602 | -€4,013 | +€4,589 | +53.3% |
| Profit (loss) for the period | 9904 | -€8,602 | -€4,013 | +€4,589 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,602 | -€4,013 | +€4,589 | +53.3% |
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 12 October 2026 via checked.be.