MULTI GROUP 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 GROUP SERVICES
Largest movements
- Cash +€354,269
up €354,269 (+137.9%), from €256,844 to €611,113
mainly Net result for the year (+€726,540) and Trade debts (+€363,245)
- Receivables within one year +€273,840
up €273,840 (+17.0%), from €1.6m to €1.9m
of which Trade receivables: +€188,330
- Intangible fixed assets +€227,220
up €227,220 (+206.5%), from €110,035 to €337,255
- Current investments -€81,766
down €81,766 (-16.4%), from €500,000 to €418,234
- Reserves +€726,540
up €726,540 (+46.2%), from €1.6m to €2.3m
of which Distributable reserves: +€726,540
- Other debts -€435,000
down €435,000 (-100.0%), from €435,000 to €0
- Trade debts +€363,245
up €363,245 (+2092.6%), from €17,359 to €380,604
- Tax, wage and social debts +€149,732
up €149,732 (+38.7%), from €386,634 to €536,366
of which Taxes: +€119,271
- Staff costs +€200,023
up €200,023 (+11.9%), from €1.7m to €1.9m
- Depreciation +€123,191
up €123,191 (+179.1%), from €68,790 to €191,981
- Gross operating margin +€46,355
up €46,355 (+1.6%), from €2.9m to €2.9m
- Taxes +€42,879
up €42,879 (+40.7%), from €105,474 to €148,353
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 | €2,520,717 | €3,310,868 | +€790,151 | +31.3% |
| Fixed assets | 21/28 | €153,149 | €394,990 | +€241,841 | +157.9% |
| Intangible fixed assets | 21 | €110,035 | €337,255 | +€227,220 | +206.5% |
| Tangible fixed assets | 22/27 | €43,115 | €57,735 | +€14,621 | +33.9% |
| Furniture and vehicles | 24 | €43,115 | €57,735 | +€14,621 | +33.9% |
| Current assets | 29/58 | €2,367,567 | €2,915,877 | +€548,310 | +23.2% |
| Amounts receivable within one year | 40/41 | €1,608,142 | €1,881,983 | +€273,840 | +17.0% |
| Trade receivables | 40 | €1,000,468 | €1,188,798 | +€188,330 | +18.8% |
| Other amounts receivable | 41 | €607,674 | €693,185 | +€85,511 | +14.1% |
| Current investments | 50/53 | €500,000 | €418,234 | -€81,766 | -16.4% |
| Cash at bank and in hand | 54/58 | €256,844 | €611,113 | +€354,269 | +137.9% |
| Deferred charges and accrued income | 490/1 | €2,581 | €4,548 | +€1,966 | +76.2% |
| Total equity and liabilities | 10/49 | €2,520,717 | €3,310,868 | +€790,151 | +31.3% |
| Equity | 10/15 | €1,633,718 | €2,360,257 | +€726,540 | +44.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,572,218 | €2,298,757 | +€726,540 | +46.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,566,068 | €2,292,607 | +€726,540 | +46.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €886,999 | €950,610 | +€63,611 | +7.2% |
| Amounts payable within one year | 42/48 | €886,031 | €950,610 | +€64,579 | +7.3% |
| Financial debts | 43 | €47,039 | €33,640 | -€13,399 | -28.5% |
| Credit institutions | 430/8 | €47,039 | €33,640 | -€13,399 | -28.5% |
| Trade debts | 44 | €17,359 | €380,604 | +€363,245 | +2092.6% |
| Suppliers | 440/4 | €17,359 | €380,604 | +€363,245 | +2092.6% |
| Taxes, remuneration and social security | 45 | €386,634 | €536,366 | +€149,732 | +38.7% |
| Taxes | 450/3 | €50,130 | €169,402 | +€119,271 | +237.9% |
| Remuneration and social security | 454/9 | €336,504 | €366,964 | +€30,461 | +9.1% |
| Other amounts payable | 47/48 | €435,000 | €0 | -€435,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €968 | €0 | -€968 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,675,117 | €1,875,140 | +€200,023 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,790 | €191,981 | +€123,191 | +179.1% |
| Other operating charges | 640/8 | €3,779 | €2,807 | -€972 | -25.7% |
| Gross operating margin | 9900 | €2,893,763 | €2,940,118 | +€46,355 | +1.6% |
| Operating profit (loss) | 9901 | €1,146,077 | €870,189 | -€275,887 | -24.1% |
| Financial income | 75/76B | €6,281 | €9,664 | +€3,383 | +53.9% |
| Recurring financial income | 75 | €6,281 | €9,664 | +€3,383 | +53.9% |
| Financial charges | 65/66B | €1,885 | €4,961 | +€3,076 | +163.2% |
| Recurring financial charges | 65 | €1,885 | €4,961 | +€3,076 | +163.2% |
| Profit (loss) for the period before taxes | 9903 | €1,150,474 | €874,893 | -€275,581 | -24.0% |
| Income taxes | 67/77 | €105,474 | €148,353 | +€42,879 | +40.7% |
| Profit (loss) for the period | 9904 | €1,045,000 | €726,540 | -€318,460 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,045,000 | €726,540 | -€318,460 | -30.5% |
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 4 October 2026 via checked.be.