MULTI IMMO 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 IMMO INVEST
Largest movements
- Receivables within one year -€23,700
down €23,700 (-65.5%), from €36,177 to €12,478
of which Trade receivables: -€17,393
- Cash -€8,900
down €8,900 (-45.6%), from €19,497 to €10,598
mainly Net result for the year (-€30,756) and Tax, wage and social debts (-€5,445)
- Profit (loss) carried forward -€30,756
down €30,756, from €17,773 to -€12,983
- Tax, wage and social debts -€5,445
down €5,445 (-33.3%), from €16,359 to €10,914
of which Taxes: -€8,394
- Other debts +€4,684
new in 2025: €4,684
- Trade debts -€988
down €988 (-30.6%), from €3,229 to €2,241
- Gross operating margin -€33,445
down €33,445, from €4,432 to -€29,013
- Depreciation -€2,476
down €2,476 (-88.9%), from €2,786 to €311
- Taxes -€497
down €497 (-71.0%), from €701 to €203
- Other operating charges -€426
down €426 (-32.7%), from €1,300 to €875
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 | €58,160 | €25,655 | -€32,505 | -55.9% |
| Fixed assets | 21/28 | €2,050 | €1,739 | -€311 | -15.1% |
| Tangible fixed assets | 22/27 | €2,050 | €1,739 | -€311 | -15.1% |
| Plant, machinery and equipment | 23 | €88 | - | -€88 | |
| Other tangible fixed assets | 26 | €1,962 | €1,739 | -€223 | -11.4% |
| Current assets | 29/58 | €56,111 | €23,916 | -€32,195 | -57.4% |
| Amounts receivable within one year | 40/41 | €36,177 | €12,478 | -€23,700 | -65.5% |
| Trade receivables | 40 | €29,871 | €12,478 | -€17,393 | -58.2% |
| Other amounts receivable | 41 | €6,307 | - | -€6,307 | |
| Cash at bank and in hand | 54/58 | €19,497 | €10,598 | -€8,900 | -45.6% |
| Deferred charges and accrued income | 490/1 | €436 | €841 | +€405 | +92.9% |
| Total equity and liabilities | 10/49 | €58,160 | €25,655 | -€32,505 | -55.9% |
| Equity | 10/15 | €38,573 | €7,817 | -€30,756 | -79.7% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €4,599 | €4,599 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,739 | €2,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,773 | -€12,983 | -€30,756 | |
| Amounts payable | 17/49 | €19,588 | €17,839 | -€1,749 | -8.9% |
| Amounts payable within one year | 42/48 | €19,588 | €17,839 | -€1,749 | -8.9% |
| Trade debts | 44 | €3,229 | €2,241 | -€988 | -30.6% |
| Suppliers | 440/4 | €3,229 | €2,241 | -€988 | -30.6% |
| Taxes, remuneration and social security | 45 | €16,359 | €10,914 | -€5,445 | -33.3% |
| Taxes | 450/3 | €16,359 | €7,965 | -€8,394 | -51.3% |
| Remuneration and social security | 454/9 | - | €2,949 | +€2,949 | |
| Other amounts payable | 47/48 | - | €4,684 | +€4,684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,786 | €311 | -€2,476 | -88.9% |
| Other operating charges | 640/8 | €1,300 | €875 | -€426 | -32.7% |
| Gross operating margin | 9900 | €4,432 | -€29,013 | -€33,445 | |
| Operating profit (loss) | 9901 | €346 | -€30,198 | -€30,544 | |
| Financial income | 75/76B | €70 | €20 | -€50 | -71.0% |
| Recurring financial income | 75 | €70 | €20 | -€50 | -71.0% |
| Financial charges | 65/66B | €242 | €375 | +€134 | +55.3% |
| Recurring financial charges | 65 | €242 | €375 | +€134 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €174 | -€30,553 | -€30,727 | |
| Income taxes | 67/77 | €701 | €203 | -€497 | -71.0% |
| Profit (loss) for the period | 9904 | -€526 | -€30,756 | -€30,230 | -5,743% |
| Profit (loss) for the period to be appropriated | 9905 | -€526 | -€30,756 | -€30,230 | -5,743% |
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 22 October 2026 via checked.be.