MULTI GROUP INVEST: 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 GROUP INVEST
Largest movements
- Tangible fixed assets -€24,773
down €24,773 (-17.9%), from €138,015 to €113,242
of which Land and buildings: -€24,070
- Cash -€1,673
down €1,673 (-90.9%), from €1,840 to €167
mainly Net result for the year (-€55,860) and Investment in fixed assets (net) (-€29,026)
- Profit (loss) carried forward -€55,860
down €55,860 (-35.5%), from -€157,328 to -€213,188
- Other debts +€34,242
up €34,242 (+11.9%), from €288,094 to €322,337
- Trade debts -€3,534
down €3,534 (-52.6%), from €6,713 to €3,179
- Depreciation +€4,952
up €4,952 (+10.1%), from €48,847 to €53,799
- Gross operating margin +€2,944
up €2,944 (+43.6%), from -€6,746 to -€3,802
- Financial income +€1,807
new in 2025: €1,807
of which Non-recurring financial income: +€1,786
- Other operating charges -€387
no longer reported in 2025 (was €387)
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 | €142,480 | €117,328 | -€25,152 | -17.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €138,015 | €113,242 | -€24,773 | -17.9% |
| Tangible fixed assets | 22/27 | €138,015 | €113,242 | -€24,773 | -17.9% |
| Land and buildings | 22 | €135,753 | €111,682 | -€24,070 | -17.7% |
| Furniture and vehicles | 24 | €2,262 | €1,559 | -€703 | -31.1% |
| Current assets | 29/58 | €4,465 | €4,086 | -€379 | -8.5% |
| Amounts receivable within one year | 40/41 | €2,625 | €3,919 | +€1,294 | +49.3% |
| Trade receivables | 40 | €403 | €1,924 | +€1,521 | +378% |
| Other amounts receivable | 41 | €2,223 | €1,995 | -€227 | -10.2% |
| Cash at bank and in hand | 54/58 | €1,840 | €167 | -€1,673 | -90.9% |
| Total equity and liabilities | 10/49 | €142,480 | €117,328 | -€25,152 | -17.7% |
| Equity | 10/15 | -€152,328 | -€208,188 | -€55,860 | -36.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€157,328 | -€213,188 | -€55,860 | -35.5% |
| Amounts payable | 17/49 | €294,808 | €325,515 | +€30,708 | +10.4% |
| Amounts payable within one year | 42/48 | €294,808 | €325,515 | +€30,708 | +10.4% |
| Trade debts | 44 | €6,713 | €3,179 | -€3,534 | -52.6% |
| Suppliers | 440/4 | €6,713 | €3,179 | -€3,534 | -52.6% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €288,094 | €322,337 | +€34,242 | +11.9% |
| Non-recurring operating income | 76A | €79 | €10 | -€69 | -87.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,847 | €53,799 | +€4,952 | +10.1% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€6,746 | -€3,802 | +€2,944 | +43.6% |
| Operating profit (loss) | 9901 | -€55,981 | -€57,601 | -€1,620 | -2.9% |
| Financial income | 75/76B | - | €1,807 | +€1,807 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Non-recurring financial income | 76B | - | €1,786 | +€1,786 | |
| Financial charges | 65/66B | €61 | €66 | +€5 | +8.3% |
| Recurring financial charges | 65 | €61 | €61 | = | 0.0% |
| Non-recurring financial charges | 66B | €0 | €5 | +€5 | |
| Profit (loss) for the period before taxes | 9903 | -€56,041 | -€55,860 | +€181 | +0.3% |
| Profit (loss) for the period | 9904 | -€56,041 | -€55,860 | +€181 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,041 | -€55,860 | +€181 | +0.3% |
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 1 November 2026 via checked.be.