MULTI-LEASE: what changed
MULTI-LEASE
Largest movements
- Tangible fixed assets +€210,257
new in 2025: €210,257
of which Land and buildings: +€166,656
- Stocks and contracts -€169,807
down €169,807 (-100%), from €169,807 to €0
- Receivables within one year +€37,266
up €37,266 (+406%), from €9,169 to €46,435
of which Other amounts receivable: +€40,266
- Cash +€2,768
up €2,768 (+523%), from €530 to €3,298
mainly Stocks and contracts (+€169,807) and Net result for the year (+€53,643)
- Reserves +€53,643
up €53,643 (+113%), from €47,500 to €101,143
of which Distributable reserves: +€53,643
- Tax, wage and social debts +€19,925
up €19,925 (+254%), from €7,841 to €27,767
- Other debts +€15,000
new in 2025: €15,000
- Trade debts -€10,308
down €10,308 (-58.8%), from €17,518 to €7,210
- Gross operating margin +€111,396
up €111,396, from -€20,104 to €91,292
- Taxes +€16,259
up €16,259 (+1,289%), from €1,261 to €17,521
- Other operating charges +€9,728
up €9,728 (+173%), from €5,636 to €15,364
- Depreciation +€3,688
new in 2025: €3,688
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,505 | €259,990 | +€80,485 | +44.8% |
| Fixed assets | 21/28 | - | €210,257 | +€210,257 | |
| Tangible fixed assets | 22/27 | - | €210,257 | +€210,257 | |
| Land and buildings | 22 | - | €166,656 | +€166,656 | |
| Other tangible fixed assets | 26 | - | €43,601 | +€43,601 | |
| Current assets | 29/58 | €179,505 | €49,733 | -€129,772 | -72.3% |
| Stocks and contracts in progress | 3 | €169,807 | €0 | -€169,807 | -100% |
| Stocks | 30/36 | €169,807 | €0 | -€169,807 | -100% |
| Amounts receivable within one year | 40/41 | €9,169 | €46,435 | +€37,266 | +406% |
| Trade receivables | 40 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts receivable | 41 | €6,169 | €46,435 | +€40,266 | +653% |
| Cash at bank and in hand | 54/58 | €530 | €3,298 | +€2,768 | +523% |
| Total equity and liabilities | 10/49 | €179,505 | €259,990 | +€80,485 | +44.8% |
| Equity | 10/15 | €145,121 | €198,763 | +€53,643 | +37.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €47,500 | €101,143 | +€53,643 | +113% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €93,643 | +€53,643 | +134% |
| Profit (loss) carried forward | 14 | €22,621 | €22,621 | = | 0.0% |
| Amounts payable | 17/49 | €34,385 | €61,227 | +€26,842 | +78.1% |
| Amounts payable after more than one year | 17 | €8,500 | €10,059 | +€1,559 | +18.3% |
| Other amounts payable | 178/9 | €8,500 | €10,059 | +€1,559 | +18.3% |
| Amounts payable within one year | 42/48 | €25,359 | €49,977 | +€24,617 | +97.1% |
| Trade debts | 44 | €17,518 | €7,210 | -€10,308 | -58.8% |
| Suppliers | 440/4 | €17,518 | €7,210 | -€10,308 | -58.8% |
| Taxes, remuneration and social security | 45 | €7,841 | €27,767 | +€19,925 | +254% |
| Taxes | 450/3 | €7,841 | €27,767 | +€19,925 | +254% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €525 | €1,191 | +€665 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,688 | +€3,688 | |
| Other operating charges | 640/8 | €5,636 | €15,364 | +€9,728 | +173% |
| Gross operating margin | 9900 | -€20,104 | €91,292 | +€111,396 | |
| Operating profit (loss) | 9901 | -€25,740 | €72,240 | +€97,980 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €862 | €1,080 | +€217 | +25.2% |
| Recurring financial charges | 65 | €862 | €1,080 | +€217 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,602 | €71,163 | +€97,766 | |
| Income taxes | 67/77 | €1,261 | €17,521 | +€16,259 | +1,289% |
| Profit (loss) for the period | 9904 | -€27,864 | €53,643 | +€81,506 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,864 | €53,643 | +€81,506 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.