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MULTI-HOME: 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-HOME

BE 0449.480.974
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€62,202
2024 · -€28,126-€34,076
Equity
-€67,865
2024 · -€5,663-€62,202
Cash
€7,475
2024 · €81,699-€74,223
Balance sheet total
€439,308
2024 · €402,789+€36,519

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€110,742

    up €110,742 (+34.5%), from €320,892 to €431,635

    of which Furniture and vehicles: +€122,562

  • Cash -€74,223

    down €74,223 (-90.8%), from €81,699 to €7,475

    mainly Investment in fixed assets (net) (-€157,292) and Net result for the year (-€62,202)

Equity and liabilities
  • Other debts +€98,636

    up €98,636 (+24.2%), from €407,780 to €506,416

  • Profit (loss) carried forward -€62,202

    down €62,202 (-16.5%), from -€377,504 to -€439,706

Income statement
  • Depreciation +€29,097

    up €29,097 (+166.7%), from €17,453 to €46,550

  • Gross operating margin -€4,999

    down €4,999 (-54.8%), from -€9,116 to -€14,116

  • Taxes +€285

    up €285 (+167.8%), from €170 to €455

  • Financial income +€156

    up €156 (+96.1%), from €162 to €318

  • Other operating charges -€142

    down €142 (-9.6%), from €1,488 to €1,346

From the 2024 result to the 2025 result

effect on the 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 2024 -€28,126
Gross operating margin -€4,999
Depreciation -€29,097
Other operating charges +€142
Financial income +€156
Financial charges +€8
Taxes -€285
Result 2025 -€62,202

Cash bridge derived

cash 2024 to 2025

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.

From operations +€83,069
Investment -€157,292
Financing €0
Cash 2024 €81,699
Net result for the year -€62,202
Depreciation +€46,550
Smaller working-capital items +€85
Other debts +€98,636
Investment in fixed assets (net) -€157,292
Cash 2025 €7,475
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €402,789 €439,308 +€36,519 +9.1%
Fixed assets 21/28 €320,892 €431,635 +€110,742 +34.5%
Tangible fixed assets 22/27 €320,892 €431,635 +€110,742 +34.5%
Land and buildings 22 €318,895 €304,078 -€14,817 -4.6%
Plant, machinery and equipment 23 €1,998 €4,995 +€2,997 +150.0%
Furniture and vehicles 24 - €122,562 +€122,562
Current assets 29/58 €81,896 €7,673 -€74,223 -90.6%
Cash at bank and in hand 54/58 €81,699 €7,475 -€74,223 -90.8%
Deferred charges and accrued income 490/1 €198 €198 = 0.0%
Total equity and liabilities 10/49 €402,789 €439,308 +€36,519 +9.1%
Equity 10/15 -€5,663 -€67,865 -€62,202 -1098.3%
Contributions 10/11 €371,840 €371,840 = 0.0%
Capital 10 €371,840 - -€371,840
Issued capital 100 €371,840 - -€371,840
Profit (loss) carried forward 14 -€377,504 -€439,706 -€62,202 -16.5%
Amounts payable 17/49 €408,452 €507,173 +€98,721 +24.2%
Amounts payable within one year 42/48 €408,452 €507,173 +€98,721 +24.2%
Trade debts 44 €551 €396 -€155 -28.1%
Suppliers 440/4 €551 €396 -€155 -28.1%
Taxes, remuneration and social security 45 €121 €361 +€240 +197.7%
Taxes 450/3 €121 €361 +€240 +197.7%
Other amounts payable 47/48 €407,780 €506,416 +€98,636 +24.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €17,453 €46,550 +€29,097 +166.7%
Other operating charges 640/8 €1,488 €1,346 -€142 -9.6%
Gross operating margin 9900 -€9,116 -€14,116 -€4,999 -54.8%
Operating profit (loss) 9901 -€28,057 -€62,011 -€33,954 -121.0%
Financial income 75/76B €162 €318 +€156 +96.1%
Recurring financial income 75 €162 €318 +€156 +96.1%
Financial charges 65/66B €62 €54 -€8 -12.2%
Recurring financial charges 65 €62 €54 -€8 -12.2%
Profit (loss) for the period before taxes 9903 -€27,956 -€61,747 -€33,790 -120.9%
Income taxes 67/77 €170 €455 +€285 +167.8%
Profit (loss) for the period 9904 -€28,126 -€62,202 -€34,076 -121.2%
Profit (loss) for the period to be appropriated 9905 -€28,126 -€62,202 -€34,076 -121.2%

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 8 October 2026 via checked.be.