MULTI GRAND: 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 GRAND
Largest movements
- Stocks and contracts +€154,208
up €154,208 (+47.7%), from €323,591 to €477,799
- Cash +€18,209
up €18,209 (+169.9%), from €10,718 to €28,928
mainly Debts after one year (+€174,000) and Trade debts (+€1,582)
- Debts after one year +€174,000
up €174,000 (+106.7%), from €163,000 to €337,000
- Gross operating margin -€61,471
down €61,471 (-93.9%), from €65,480 to €4,009
- Taxes -€16,346
down €16,346 (-98.9%), from €16,519 to €174
- Other operating charges +€836
up €836 (+674.1%), from €124 to €960
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
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 | €576,573 | €752,130 | +€175,557 | +30.4% |
| Fixed assets | 21/28 | €462 | €236 | -€226 | -48.9% |
| Tangible fixed assets | 22/27 | €462 | €236 | -€226 | -48.9% |
| Plant, machinery and equipment | 23 | €462 | €236 | -€226 | -48.9% |
| Current assets | 29/58 | €576,112 | €751,894 | +€175,783 | +30.5% |
| Stocks and contracts in progress | 3 | €323,591 | €477,799 | +€154,208 | +47.7% |
| Stocks | 30/36 | €323,591 | €477,799 | +€154,208 | +47.7% |
| Amounts receivable within one year | 40/41 | €241,802 | €244,589 | +€2,786 | +1.2% |
| Trade receivables | 40 | €5,300 | €7,375 | +€2,075 | +39.2% |
| Other amounts receivable | 41 | €236,502 | €237,214 | +€711 | +0.3% |
| Cash at bank and in hand | 54/58 | €10,718 | €28,928 | +€18,209 | +169.9% |
| Deferred charges and accrued income | 490/1 | - | €579 | +€579 | |
| Total equity and liabilities | 10/49 | €576,573 | €752,130 | +€175,557 | +30.4% |
| Equity | 10/15 | €389,900 | €389,945 | +€46 | 0.0% |
| Contributions | 10/11 | €277,500 | €277,500 | = | 0.0% |
| Reserves | 13 | €112,400 | €112,445 | +€46 | 0.0% |
| Distributable reserves | 133 | €112,400 | €112,445 | +€46 | 0.0% |
| Amounts payable | 17/49 | €186,674 | €362,185 | +€175,511 | +94.0% |
| Amounts payable after more than one year | 17 | €163,000 | €337,000 | +€174,000 | +106.7% |
| Other amounts payable | 178/9 | €163,000 | €337,000 | +€174,000 | +106.7% |
| Amounts payable within one year | 42/48 | €23,674 | €25,185 | +€1,511 | +6.4% |
| Trade debts | 44 | €6,209 | €7,792 | +€1,582 | +25.5% |
| Suppliers | 440/4 | €6,209 | €7,792 | +€1,582 | +25.5% |
| Taxes, remuneration and social security | 45 | €16,519 | €16,693 | +€174 | +1.1% |
| Taxes | 450/3 | €16,519 | €16,693 | +€174 | +1.1% |
| Other amounts payable | 47/48 | €945 | €700 | -€245 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €226 | = | 0.0% |
| Other operating charges | 640/8 | €124 | €960 | +€836 | +674.1% |
| Non-recurring operating charges | 66A | €4,079 | €2,225 | -€1,854 | -45.5% |
| Gross operating margin | 9900 | €65,480 | €4,009 | -€61,471 | -93.9% |
| Operating profit (loss) | 9901 | €61,052 | €598 | -€60,453 | -99.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €430 | €381 | -€49 | -11.3% |
| Recurring financial charges | 65 | €430 | €381 | -€49 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €60,622 | €219 | -€60,402 | -99.6% |
| Income taxes | 67/77 | €16,519 | €174 | -€16,346 | -98.9% |
| Profit (loss) for the period | 9904 | €44,102 | €46 | -€44,057 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,102 | €46 | -€44,057 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.