MULTI DISTRIBUTION SERVICES: 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 DISTRIBUTION SERVICES
Largest movements
- Receivables within one year +€15,418
up €15,418 (+17.7%), from €87,178 to €102,595
of which Trade receivables: +€10,534
- Cash -€9,187
no longer reported in 2024 (was €9,187)
mainly Receivables within one year (-€15,418) and Investment in fixed assets (net) (-€9,047)
- Tangible fixed assets +€8,127
up €8,127 (+31.0%), from €26,207 to €34,334
of which Plant, machinery and equipment: +€8,594
- Short-term financial debts +€17,079
up €17,079 (+185.6%), from €9,203 to €26,281
- Trade debts +€11,475
up €11,475 (+412.6%), from €2,781 to €14,257
- Tax, wage and social debts -€8,945
down €8,945 (-91.3%), from €9,800 to €854
- Reserves -€4,948
down €4,948 (-5.2%), from €95,847 to €90,899
of which Distributable reserves: -€4,948
- Gross operating margin -€19,358
down €19,358, from €17,633 to -€1,725
- Depreciation -€9,968
down €9,968 (-91.6%), from €10,888 to €920
- Taxes -€1,796
down €1,796, from €1,504 to -€293
- Other operating charges +€1,306
up €1,306 (+56.6%), from €2,308 to €3,614
- Financial income +€812
up €812 (+39.8%), from €2,040 to €2,853
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 | €124,131 | €138,488 | +€14,358 | +11.6% |
| Fixed assets | 21/28 | €26,266 | €34,393 | +€8,127 | +30.9% |
| Tangible fixed assets | 22/27 | €26,207 | €34,334 | +€8,127 | +31.0% |
| Land and buildings | 22 | €25,000 | €25,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €8,594 | +€8,594 | |
| Furniture and vehicles | 24 | €1,207 | €740 | -€467 | -38.7% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €97,865 | €104,095 | +€6,230 | +6.4% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,178 | €102,595 | +€15,418 | +17.7% |
| Trade receivables | 40 | €44,276 | €54,810 | +€10,534 | +23.8% |
| Other amounts receivable | 41 | €42,902 | €47,785 | +€4,883 | +11.4% |
| Cash at bank and in hand | 54/58 | €9,187 | - | -€9,187 | |
| Total equity and liabilities | 10/49 | €124,131 | €138,488 | +€14,358 | +11.6% |
| Equity | 10/15 | €102,044 | €97,096 | -€4,948 | -4.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €95,847 | €90,899 | -€4,948 | -5.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €93,988 | €89,039 | -€4,948 | -5.3% |
| Amounts payable | 17/49 | €22,086 | €41,392 | +€19,306 | +87.4% |
| Amounts payable within one year | 42/48 | €22,086 | €41,392 | +€19,306 | +87.4% |
| Current portion of amounts payable after more than one year | 42 | €303 | - | -€303 | |
| Financial debts | 43 | €9,203 | €26,281 | +€17,079 | +185.6% |
| Credit institutions | 430/8 | €9,203 | €26,281 | +€17,079 | +185.6% |
| Trade debts | 44 | €2,781 | €14,257 | +€11,475 | +412.6% |
| Suppliers | 440/4 | €2,781 | €14,257 | +€11,475 | +412.6% |
| Taxes, remuneration and social security | 45 | €9,800 | €854 | -€8,945 | -91.3% |
| Taxes | 450/3 | €9,800 | €854 | -€8,945 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,888 | €920 | -€9,968 | -91.6% |
| Other operating charges | 640/8 | €2,308 | €3,614 | +€1,306 | +56.6% |
| Gross operating margin | 9900 | €17,633 | -€1,725 | -€19,358 | |
| Operating profit (loss) | 9901 | €4,438 | -€6,259 | -€10,696 | |
| Financial income | 75/76B | €2,040 | €2,853 | +€812 | +39.8% |
| Recurring financial income | 75 | €2,040 | €2,853 | +€812 | +39.8% |
| Financial charges | 65/66B | €1,346 | €1,835 | +€489 | +36.3% |
| Recurring financial charges | 65 | €1,346 | €1,835 | +€489 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €5,132 | -€5,241 | -€10,373 | |
| Income taxes | 67/77 | €1,504 | -€293 | -€1,796 | |
| Profit (loss) for the period | 9904 | €3,628 | -€4,948 | -€8,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,628 | -€4,948 | -€8,576 |
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.