MULTI - IMMO: 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 - IMMO
Largest movements
- Current investments +€50,000
up €50,000 (+12.5%), from €400,000 to €450,000
- Receivables within one year -€18,140
down €18,140 (-97.2%), from €18,656 to €515
- Cash +€9,758
up €9,758 (+8.1%), from €120,638 to €130,396
mainly Net result for the year (+€39,957) and Receivables within one year (+€18,140)
- Reserves +€39,957
up €39,957 (+11.2%), from €355,934 to €395,891
of which Distributable reserves: +€39,957
- Gross operating margin +€8,888
up €8,888 (+15.9%), from €55,754 to €64,642
- Taxes +€3,181
up €3,181 (+20.6%), from €15,466 to €18,646
- Financial income +€1,590
up €1,590 (+28.3%), from €5,613 to €7,202
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 | €762,678 | €805,554 | +€42,876 | +5.6% |
| Fixed assets | 21/28 | €215,636 | €215,636 | = | 0.0% |
| Tangible fixed assets | 22/27 | €90,636 | €90,636 | = | 0.0% |
| Land and buildings | 22 | €90,636 | €90,636 | = | 0.0% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €547,042 | €589,917 | +€42,876 | +7.8% |
| Amounts receivable within one year | 40/41 | €18,656 | €515 | -€18,140 | -97.2% |
| Other amounts receivable | 41 | €18,656 | €515 | -€18,140 | -97.2% |
| Current investments | 50/53 | €400,000 | €450,000 | +€50,000 | +12.5% |
| Cash at bank and in hand | 54/58 | €120,638 | €130,396 | +€9,758 | +8.1% |
| Deferred charges and accrued income | 490/1 | €7,748 | €9,006 | +€1,258 | +16.2% |
| Total equity and liabilities | 10/49 | €762,678 | €805,554 | +€42,876 | +5.6% |
| Equity | 10/15 | €761,451 | €801,408 | +€39,957 | +5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €355,934 | €395,891 | +€39,957 | +11.2% |
| Non-distributable reserves | 130/1 | €37,700 | €37,700 | = | 0.0% |
| Legal reserve | 130 | €37,700 | €37,700 | = | 0.0% |
| Distributable reserves | 133 | €318,234 | €358,191 | +€39,957 | +12.6% |
| Profit (loss) carried forward | 14 | €343,517 | €343,517 | = | 0.0% |
| Amounts payable | 17/49 | €1,227 | €4,146 | +€2,919 | +238.0% |
| Amounts payable within one year | 42/48 | €1,227 | €4,146 | +€2,919 | +238.0% |
| Trade debts | 44 | €500 | €1,500 | +€1,000 | +200.0% |
| Suppliers | 440/4 | €500 | €1,500 | +€1,000 | +200.0% |
| Taxes, remuneration and social security | 45 | €727 | €2,646 | +€1,919 | +264.1% |
| Taxes | 450/3 | €727 | €2,646 | +€1,919 | +264.1% |
| Other operating charges | 640/8 | €12,523 | €12,916 | +€393 | +3.1% |
| Gross operating margin | 9900 | €55,754 | €64,642 | +€8,888 | +15.9% |
| Operating profit (loss) | 9901 | €43,232 | €51,726 | +€8,494 | +19.6% |
| Financial income | 75/76B | €5,613 | €7,202 | +€1,590 | +28.3% |
| Recurring financial income | 75 | €5,613 | €7,202 | +€1,590 | +28.3% |
| Financial charges | 65/66B | €237 | €325 | +€88 | +36.9% |
| Recurring financial charges | 65 | €237 | €325 | +€88 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €48,607 | €58,603 | +€9,996 | +20.6% |
| Income taxes | 67/77 | €15,466 | €18,646 | +€3,181 | +20.6% |
| Profit (loss) for the period | 9904 | €33,141 | €39,957 | +€6,816 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,141 | €39,957 | +€6,816 | +20.6% |
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 29 September 2026 via checked.be.