Multi-Fish: 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.
What changed
Multi-Fish
NACE 46.323, Wholesale trade
fiscal year 31-12-2023 against 31-12-2024filed annual accounts (NBB)
Net result for the year
-€70,272
31-12-2023 · -€631,674+€561,402
Equity
€950,928
31-12-2023 · €1.0m-€70,272
Cash
€885,481
31-12-2023 · €924,845-€39,365
Balance sheet total
€18.5m
31-12-2023 · €18.5m+€5,104
Largest movements
Assets
- Stocks and contracts -€610,978
down €610,978 (-6.7%), from €9.2m to €8.6m
- Receivables within one year +€556,211
up €556,211 (+6.9%), from €8.1m to €8.7m
of which Other amounts receivable: +€705,594
Equity and liabilities
- Trade debts +€1.1m
up €1.1m (+23.0%), from €4.8m to €5.9m
of which Suppliers: +€1.2m
- Short-term financial debts -€945,579
down €945,579 (-24.8%), from €3.8m to €2.9m
Income statement
- Turnover +€5.9m
up €5.9m (+12.5%), from €46.7m to €52.6m
- Goods and materials +€3.6m
up €3.6m (+8.6%), from €41.9m to €45.5m
of which Purchases: +€4.8m
- Services and other goods +€1.2m
up €1.2m (+23.7%), from €5.0m to €6.2m
From the 31-12-2023 result to the 31-12-2024 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.
Result 31-12-2023
-€631,674
Turnover
+€5.9m
Other operating income
-€124,942
Goods and materials
-€3.6m
Services and other goods
-€1.2m
Staff costs
+€125,683
Depreciation
+€11,177
Write-downs
-€396,749
Provisions
-€28,068
Other operating charges
-€4,423
Other operating items
+€48,656
Financial income
+€111,771
Financial charges
-€266,572
Taxes
+€383
Result 31-12-2024
-€70,272
Cash bridge derived
Derived from the 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.2m
Investment
-€195,518
Financing
-€1.1m
Cash 31-12-2023
€924,845
From operations (derived)
+€1.2m
Net result for the year
-€70,272
Depreciation
+€98,103
Stocks and contracts
+€610,978
Receivables within one year
-€556,211
Deferred charges and accrued income
-€1,821
Provisions
+€28,068
Trade debts
+€1.1m
Tax, wage and social debts
-€27,325
Other debts
+€7,132
Accrued charges and deferred income
+€47,931
Investment (derived)
-€195,518
Investment in fixed assets (net)
-€195,518
Financing
-€1.1m
Debts after one year
-€135,000
Short-term financial debts
-€945,579
Cash 31-12-2024
€885,481
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,462,913 | €18,468,017 | +€5,104 | 0.0% |
| Fixed assets | 21/28 | €255,899 | €353,314 | +€97,415 | +38.1% |
| Intangible fixed assets | 21 | €73,444 | €41,611 | -€31,832 | -43.3% |
| Tangible fixed assets | 22/27 | €182,456 | €311,703 | +€129,247 | +70.8% |
| Plant, machinery and equipment | 23 | €90,867 | €248,215 | +€157,348 | +173.2% |
| Furniture and vehicles | 24 | €40,755 | €25,572 | -€15,183 | -37.3% |
| Other tangible fixed assets | 26 | €50,834 | €37,916 | -€12,918 | -25.4% |
| Current assets | 29/58 | €18,207,014 | €18,114,703 | -€92,311 | -0.5% |
| Stocks and contracts in progress | 3 | €9,171,189 | €8,560,211 | -€610,978 | -6.7% |
| Stocks | 30/36 | €9,171,189 | €8,560,211 | -€610,978 | -6.7% |
| Raw materials and consumables | 30/31 | €76,409 | €168,028 | +€91,619 | +119.9% |
| Goods purchased for resale | 34 | €9,094,780 | €8,304,726 | -€790,055 | -8.7% |
| Advance payments | 36 | - | €87,458 | +€87,458 | |
| Amounts receivable within one year | 40/41 | €8,098,577 | €8,654,787 | +€556,211 | +6.9% |
| Trade receivables | 40 | €5,800,017 | €5,650,634 | -€149,383 | -2.6% |
| Other amounts receivable | 41 | €2,298,559 | €3,004,153 | +€705,594 | +30.7% |
| Cash at bank and in hand | 54/58 | €924,845 | €885,481 | -€39,365 | -4.3% |
| Deferred charges and accrued income | 490/1 | €12,403 | €14,224 | +€1,821 | +14.7% |
| Total equity and liabilities | 10/49 | €18,462,913 | €18,468,017 | +€5,104 | 0.0% |
| Equity | 10/15 | €1,021,200 | €950,928 | -€70,272 | -6.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €821,200 | €750,928 | -€70,272 | -8.6% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €800,952 | €730,680 | -€70,272 | -8.8% |
| Provisions and deferred taxes | 16 | €37,132 | €65,200 | +€28,068 | +75.6% |
| Provisions for liabilities and charges | 160/5 | €37,132 | €65,200 | +€28,068 | +75.6% |
| Other liabilities and charges | 164/5 | €37,132 | €65,200 | +€28,068 | +75.6% |
| Amounts payable | 17/49 | €17,404,581 | €17,451,889 | +€47,308 | +0.3% |
| Amounts payable after more than one year | 17 | €135,000 | - | -€135,000 | |
| Financial debts | 170/4 | €135,000 | - | -€135,000 | |
| Subordinated loans | 170 | €135,000 | - | -€135,000 | |
| Amounts payable within one year | 42/48 | €17,251,897 | €17,386,274 | +€134,377 | +0.8% |
| Financial debts | 43 | €3,807,131 | €2,861,552 | -€945,579 | -24.8% |
| Credit institutions | 430/8 | €3,807,131 | €2,861,552 | -€945,579 | -24.8% |
| Trade debts | 44 | €4,782,665 | €5,882,813 | +€1.1m | +23.0% |
| Suppliers | 440/4 | €4,717,021 | €5,882,813 | +€1.2m | +24.7% |
| Bills of exchange payable | 441 | €65,644 | - | -€65,644 | |
| Taxes, remuneration and social security | 45 | €149,482 | €122,156 | -€27,325 | -18.3% |
| Taxes | 450/3 | €26,480 | €21,524 | -€4,957 | -18.7% |
| Remuneration and social security | 454/9 | €123,001 | €100,633 | -€22,368 | -18.2% |
| Other amounts payable | 47/48 | €8,512,620 | €8,519,752 | +€7,132 | +0.1% |
| Accrued charges and deferred income | 492/3 | €17,684 | €65,616 | +€47,931 | +271.0% |
| Operating income | 70/76A | €46,972,858 | €52,754,420 | +€5.8m | +12.3% |
| Turnover | 70 | €46,727,879 | €52,585,890 | +€5.9m | +12.5% |
| Other operating income | 74 | €244,979 | €120,037 | -€124,942 | -51.0% |
| Non-recurring operating income | 76A | - | €48,492 | +€48,492 | |
| Operating charges | 60/66A | €47,351,103 | €52,416,843 | +€5.1m | +10.7% |
| Goods for resale, raw materials and consumables | 60 | €41,913,931 | €45,500,483 | +€3.6m | +8.6% |
| Purchases | 600/8 | €39,844,091 | €44,608,271 | +€4.8m | +12.0% |
| Change in stocks: decrease (increase) | 609 | €2,069,839 | €892,212 | -€1.2m | -56.9% |
| Services and other goods | 61 | €5,009,625 | €6,196,599 | +€1.2m | +23.7% |
| Remuneration, social security and pensions | 62 | €832,985 | €707,302 | -€125,683 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,280 | €98,103 | -€11,177 | -10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€539,056 | -€142,308 | +€396,749 | +73.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €28,068 | +€28,068 | |
| Other operating charges | 640/8 | €24,175 | €28,597 | +€4,423 | +18.3% |
| Non-recurring operating charges | 66A | €164 | - | -€164 | |
| Operating profit (loss) | 9901 | -€378,244 | €337,576 | +€715,821 | |
| Financial income | 75/76B | €152,169 | €263,940 | +€111,771 | +73.5% |
| Recurring financial income | 75 | €152,169 | €263,940 | +€111,771 | +73.5% |
| Income from current assets | 751 | €59,113 | €151,336 | +€92,223 | +156.0% |
| Other financial income | 752/9 | €93,056 | €112,604 | +€19,548 | +21.0% |
| Financial charges | 65/66B | €403,574 | €670,146 | +€266,572 | +66.1% |
| Recurring financial charges | 65 | €403,574 | €670,146 | +€266,572 | +66.1% |
| Debt charges | 650 | €303,761 | €561,154 | +€257,393 | +84.7% |
| Other financial charges | 652/9 | €99,813 | €108,992 | +€9,179 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€629,649 | -€68,630 | +€561,019 | +89.1% |
| Income taxes | 67/77 | €2,025 | €1,642 | -€383 | -18.9% |
| Taxes | 670/3 | €2,025 | €1,642 | -€383 | -18.9% |
| Profit (loss) for the period | 9904 | -€631,674 | -€70,272 | +€561,402 | +88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€631,674 | -€70,272 | +€561,402 | +88.9% |
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 4 October 2026 via checked.be.