Multi Corporation: 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 Corporation
Largest movements
- Cash +€174,479
up €174,479 (+170%), from €102,912 to €277,391
mainly Net result for the year (+€477,995) and Receivables within one year (+€82,565)
- Receivables within one year -€82,565
down €82,565 (-9.8%), from €840,913 to €758,348
of which Trade receivables: -€80,415
- Tangible fixed assets +€32,427
up €32,427 (+54.2%), from €59,825 to €92,252
of which Furniture and vehicles: +€27,135
- Reserves +€298,000
up €298,000 (+62.7%), from €475,000 to €773,000
- Trade debts -€149,005
down €149,005 (-48.5%), from €307,113 to €158,108
- Other debts -€92,415
down €92,415 (-97.5%), from €94,772 to €2,357
- Tax, wage and social debts +€58,779
up €58,779 (+42.1%), from €139,656 to €198,436
of which Taxes: +€52,349
- Gross operating margin +€847,740
up €847,740 (+85.7%), from €989,645 to €1.8m
- Staff costs +€649,510
up €649,510 (+131%), from €493,989 to €1.1m
- Taxes +€52,228
up €52,228 (+45.0%), from €115,976 to €168,204
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 | €1,016,996 | €1,135,850 | +€118,854 | +11.7% |
| Fixed assets | 21/28 | €59,825 | €92,252 | +€32,427 | +54.2% |
| Tangible fixed assets | 22/27 | €59,825 | €92,252 | +€32,427 | +54.2% |
| Plant, machinery and equipment | 23 | €1,591 | €6,883 | +€5,292 | +333% |
| Furniture and vehicles | 24 | €58,234 | €85,369 | +€27,135 | +46.6% |
| Current assets | 29/58 | €957,172 | €1,043,599 | +€86,427 | +9.0% |
| Amounts receivable within one year | 40/41 | €840,913 | €758,348 | -€82,565 | -9.8% |
| Trade receivables | 40 | €827,555 | €747,140 | -€80,415 | -9.7% |
| Other amounts receivable | 41 | €13,358 | €11,208 | -€2,150 | -16.1% |
| Cash at bank and in hand | 54/58 | €102,912 | €277,391 | +€174,479 | +170% |
| Deferred charges and accrued income | 490/1 | €13,346 | €7,859 | -€5,487 | -41.1% |
| Total equity and liabilities | 10/49 | €1,016,996 | €1,135,850 | +€118,854 | +11.7% |
| Equity | 10/15 | €475,455 | €776,450 | +€300,995 | +63.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €475,000 | €773,000 | +€298,000 | +62.7% |
| Distributable reserves | 133 | €475,000 | €773,000 | +€298,000 | +62.7% |
| Profit (loss) carried forward | 14 | €454 | €3,449 | +€2,995 | +660% |
| Amounts payable | 17/49 | €541,541 | €359,400 | -€182,141 | -33.6% |
| Amounts payable within one year | 42/48 | €541,541 | €358,900 | -€182,641 | -33.7% |
| Trade debts | 44 | €307,113 | €158,108 | -€149,005 | -48.5% |
| Suppliers | 440/4 | €307,113 | €158,108 | -€149,005 | -48.5% |
| Taxes, remuneration and social security | 45 | €139,656 | €198,436 | +€58,779 | +42.1% |
| Taxes | 450/3 | €40,855 | €93,204 | +€52,349 | +128% |
| Remuneration and social security | 454/9 | €98,802 | €105,232 | +€6,430 | +6.5% |
| Other amounts payable | 47/48 | €94,772 | €2,357 | -€92,415 | -97.5% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | - | €4,264 | +€4,264 | |
| Remuneration, social security and pensions | 62 | €493,989 | €1,143,499 | +€649,510 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,119 | €30,473 | +€5,355 | +21.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,812 | -€2,812 | |
| Other operating charges | 640/8 | €13,443 | €7,052 | -€6,391 | -47.5% |
| Non-recurring operating charges | 66A | €8,056 | €4,344 | -€3,712 | -46.1% |
| Gross operating margin | 9900 | €989,645 | €1,837,384 | +€847,740 | +85.7% |
| Operating profit (loss) | 9901 | €449,038 | €654,828 | +€205,790 | +45.8% |
| Financial income | 75/76B | €92 | €8 | -€84 | -90.8% |
| Recurring financial income | 75 | €92 | €8 | -€84 | -90.8% |
| Financial charges | 65/66B | €1,719 | €8,638 | +€6,919 | +403% |
| Recurring financial charges | 65 | €1,719 | €559 | -€1,159 | -67.4% |
| Non-recurring financial charges | 66B | - | €8,078 | +€8,078 | |
| Profit (loss) for the period before taxes | 9903 | €447,411 | €646,199 | +€198,788 | +44.4% |
| Income taxes | 67/77 | €115,976 | €168,204 | +€52,228 | +45.0% |
| Profit (loss) for the period | 9904 | €331,436 | €477,995 | +€146,559 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €331,436 | €477,995 | +€146,559 | +44.2% |
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 25 October 2026 via checked.be.