Multi-facet: 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-facet
Largest movements
- Tangible fixed assets -€15,488
down €15,488 (-40.4%), from €38,342 to €22,853
of which Furniture and vehicles: -€8,341
- Intangible fixed assets -€12,000
down €12,000 (-15.8%), from €76,044 to €64,044
- Receivables within one year +€5,237
up €5,237 (+13,146%), from €40 to €5,277
- Cash -€3,360
down €3,360 (-8.1%), from €41,278 to €37,918
mainly Debts after one year (-€24,618) and Contributions, distributions and other (-€7,772)
- Debts after one year -€24,618
down €24,618 (-47.2%), from €52,134 to €27,515
- Tax, wage and social debts -€1,920
down €1,920 (-74.1%), from €2,592 to €672
of which Remuneration and social security: -€1,928
- Other debts -€1,733
down €1,733 (-10.4%), from €16,659 to €14,927
- Gross operating margin -€28,127
down €28,127 (-37.9%), from €74,181 to €46,054
- Taxes -€7,737
down €7,737 (-66.1%), from €11,710 to €3,973
- Other operating charges +€2,108
up €2,108 (+939%), from €225 to €2,332
- Staff costs -€1,433
down €1,433 (-44.2%), from €3,241 to €1,807
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 | €157,058 | €131,042 | -€26,016 | -16.6% |
| Fixed assets | 21/28 | €114,385 | €86,897 | -€27,488 | -24.0% |
| Intangible fixed assets | 21 | €76,044 | €64,044 | -€12,000 | -15.8% |
| Tangible fixed assets | 22/27 | €38,342 | €22,853 | -€15,488 | -40.4% |
| Land and buildings | 22 | €1,933 | €1,367 | -€566 | -29.3% |
| Plant, machinery and equipment | 23 | €12,157 | €6,627 | -€5,530 | -45.5% |
| Furniture and vehicles | 24 | €20,659 | €12,318 | -€8,341 | -40.4% |
| Other tangible fixed assets | 26 | €3,593 | €2,542 | -€1,052 | -29.3% |
| Current assets | 29/58 | €42,673 | €44,145 | +€1,472 | +3.5% |
| Amounts receivable within one year | 40/41 | €40 | €5,277 | +€5,237 | +13,146% |
| Other amounts receivable | 41 | €40 | €5,277 | +€5,237 | +13,146% |
| Cash at bank and in hand | 54/58 | €41,278 | €37,918 | -€3,360 | -8.1% |
| Deferred charges and accrued income | 490/1 | €1,354 | €949 | -€405 | -29.9% |
| Total equity and liabilities | 10/49 | €157,058 | €131,042 | -€26,016 | -16.6% |
| Equity | 10/15 | €60,059 | €61,482 | +€1,423 | +2.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €57,559 | €58,982 | +€1,423 | +2.5% |
| Distributable reserves | 133 | €57,559 | €58,982 | +€1,423 | +2.5% |
| Amounts payable | 17/49 | €96,999 | €69,560 | -€27,438 | -28.3% |
| Amounts payable after more than one year | 17 | €52,134 | €27,515 | -€24,618 | -47.2% |
| Financial debts | 170/4 | €52,134 | €27,515 | -€24,618 | -47.2% |
| Amounts payable within one year | 42/48 | €44,865 | €42,045 | -€2,820 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €25,558 | €25,948 | +€389 | +1.5% |
| Trade debts | 44 | €55 | €499 | +€444 | +808% |
| Suppliers | 440/4 | €55 | €499 | +€444 | +808% |
| Taxes, remuneration and social security | 45 | €2,592 | €672 | -€1,920 | -74.1% |
| Taxes | 450/3 | €664 | €672 | +€8 | +1.2% |
| Remuneration and social security | 454/9 | €1,928 | - | -€1,928 | |
| Other amounts payable | 47/48 | €16,659 | €14,927 | -€1,733 | -10.4% |
| Remuneration, social security and pensions | 62 | €3,241 | €1,807 | -€1,433 | -44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,384 | €27,488 | +€104 | +0.4% |
| Other operating charges | 640/8 | €225 | €2,332 | +€2,108 | +939% |
| Gross operating margin | 9900 | €74,181 | €46,054 | -€28,127 | -37.9% |
| Operating profit (loss) | 9901 | €43,332 | €14,426 | -€28,906 | -66.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,634 | €1,259 | -€375 | -23.0% |
| Recurring financial charges | 65 | €1,634 | €1,259 | -€375 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €41,698 | €13,167 | -€28,530 | -68.4% |
| Income taxes | 67/77 | €11,710 | €3,973 | -€7,737 | -66.1% |
| Profit (loss) for the period | 9904 | €29,987 | €9,195 | -€20,793 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,987 | €9,195 | -€20,793 | -69.3% |
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 16 October 2026 via checked.be.