Multi Logistics Group: 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 Logistics Group
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€576,112
2024 · €787,704-€1.4m
Equity
€22.3m
2024 · €22.9m-€576,112
Cash
€1.3m
2024 · €707,621+€620,596
Balance sheet total
€34.9m
2024 · €33.9m+€906,534
Largest movements
Assets
- Receivables within one year +€3.0m
up €3.0m (+95.8%), from €3.1m to €6.1m
of which Other amounts receivable: +€3.6m
- Financial fixed assets -€2.7m
down €2.7m (-9.0%), from €30.1m to €27.4m
of which Companies linked by participating interests: -€2.7m
- Cash +€620,596
up €620,596 (+87.7%), from €707,621 to €1.3m
mainly Other debts (+€2.9m) and Investment in fixed assets (net) (+€2.7m)
Equity and liabilities
- Other debts +€2.9m
up €2.9m (+58.9%), from €5.0m to €7.9m
- Debts after one year -€971,750
down €971,750 (-22.4%), from €4.3m to €3.4m
of which Other amounts payable: -€600,000
- Reserves -€576,112
down €576,112 (-67.3%), from €855,521 to €279,409
- Tax, wage and social debts -€350,468
down €350,468 (-83.9%), from €417,688 to €67,220
of which Taxes: -€340,960
Income statement
- Financial income -€1.6m
down €1.6m (-87.7%), from €1.8m to €226,381
- Other operating charges +€192,617
up €192,617 (+1825.5%), from €10,551 to €203,168
- Other operating income +€191,809
up €191,809 (+1669.5%), from €11,489 to €203,299
- Services and other goods +€169,346
up €169,346 (+10.8%), from €1.6m to €1.7m
- Turnover -€89,571
down €89,571 (-6.0%), from €1.5m to €1.4m
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.
Result 2024
€787,704
Turnover
-€89,571
Other operating income
+€191,809
Services and other goods
-€169,346
Staff costs
+€21,407
Depreciation
-€1,342
Other operating charges
-€192,617
Other operating items
+€570,000
Financial income
-€1.6m
Financial charges
-€80,069
Taxes
-€758
Result 2025
-€576,112
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.
From operations
-€1.3m
Investment
+€2.7m
Financing
-€769,143
Cash 2024
€707,621
From operations (derived)
-€1.3m
Net result for the year
-€576,112
Depreciation
+€7,366
Receivables within one year
-€3.0m
Deferred charges and accrued income
-€1,315
Trade debts
-€341,136
Tax, wage and social debts
-€350,468
Other debts
+€2.9m
Accrued charges and deferred income
+€15,934
Investment (derived)
+€2.7m
Investment in fixed assets (net)
+€2.7m
Financing
-€769,143
Debts after one year
-€971,750
Current portion of long-term debt
+€202,607
Contributions, distributions and other
-€0
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,949,258 | €34,855,792 | +€906,534 | +2.7% |
| Fixed assets | 21/28 | €30,090,945 | €27,386,260 | -€2.7m | -9.0% |
| Intangible fixed assets | 21 | €12,408 | €8,722 | -€3,686 | -29.7% |
| Tangible fixed assets | 22/27 | €19,609 | €18,611 | -€999 | -5.1% |
| Plant, machinery and equipment | 23 | - | €2,480 | +€2,480 | |
| Furniture and vehicles | 24 | €19,609 | €16,130 | -€3,479 | -17.7% |
| Financial fixed assets | 28 | €30,058,927 | €27,358,927 | -€2.7m | -9.0% |
| Affiliated companies | 280/1 | €11,858,253 | €11,858,253 | = | 0.0% |
| Participating interests | 280 | €11,858,253 | €11,858,253 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €18,200,624 | €15,500,624 | -€2.7m | -14.8% |
| Participating interests | 282 | €18,200,624 | €15,500,624 | -€2.7m | -14.8% |
| Other financial fixed assets | 284/8 | €50 | €50 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €3,858,313 | €7,469,532 | +€3.6m | +93.6% |
| Amounts receivable within one year | 40/41 | €3,120,450 | €6,109,758 | +€3.0m | +95.8% |
| Trade receivables | 40 | €2,139,686 | €1,535,831 | -€603,855 | -28.2% |
| Other amounts receivable | 41 | €980,764 | €4,573,927 | +€3.6m | +366.4% |
| Cash at bank and in hand | 54/58 | €707,621 | €1,328,217 | +€620,596 | +87.7% |
| Deferred charges and accrued income | 490/1 | €30,242 | €31,557 | +€1,315 | +4.3% |
| Total equity and liabilities | 10/49 | €33,949,258 | €34,855,792 | +€906,534 | +2.7% |
| Equity | 10/15 | €22,855,521 | €22,279,409 | -€576,112 | -2.5% |
| Contributions | 10/11 | €22,000,000 | €22,000,000 | = | 0.0% |
| Reserves | 13 | €855,521 | €279,409 | -€576,112 | -67.3% |
| Distributable reserves | 133 | €855,521 | €279,409 | -€576,112 | -67.3% |
| Amounts payable | 17/49 | €11,093,737 | €12,576,383 | +€1.5m | +13.4% |
| Amounts payable after more than one year | 17 | €4,329,025 | €3,357,275 | -€971,750 | -22.4% |
| Financial debts | 170/4 | €3,629,025 | €3,257,275 | -€371,750 | -10.2% |
| Credit institutions | 173 | €3,629,025 | €3,257,275 | -€371,750 | -10.2% |
| Other amounts payable | 178/9 | €700,000 | €100,000 | -€600,000 | -85.7% |
| Amounts payable within one year | 42/48 | €6,730,021 | €9,168,483 | +€2.4m | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €769,142 | €971,750 | +€202,607 | +26.3% |
| Trade debts | 44 | €571,003 | €229,867 | -€341,136 | -59.7% |
| Suppliers | 440/4 | €571,003 | €229,867 | -€341,136 | -59.7% |
| Taxes, remuneration and social security | 45 | €417,688 | €67,220 | -€350,468 | -83.9% |
| Taxes | 450/3 | €343,827 | €2,868 | -€340,960 | -99.2% |
| Remuneration and social security | 454/9 | €73,860 | €64,352 | -€9,508 | -12.9% |
| Other amounts payable | 47/48 | €4,972,188 | €7,899,648 | +€2.9m | +58.9% |
| Accrued charges and deferred income | 492/3 | €34,691 | €50,625 | +€15,934 | +45.9% |
| Operating income | 70/76A | €1,516,620 | €2,188,858 | +€672,239 | +44.3% |
| Turnover | 70 | €1,505,130 | €1,415,559 | -€89,571 | -6.0% |
| Other operating income | 74 | €11,489 | €203,299 | +€191,809 | +1669.5% |
| Non-recurring operating income | 76A | - | €570,000 | +€570,000 | |
| Operating charges | 60/66A | €2,040,879 | €2,382,776 | +€341,897 | +16.8% |
| Services and other goods | 61 | €1,566,477 | €1,735,823 | +€169,346 | +10.8% |
| Remuneration, social security and pensions | 62 | €457,826 | €436,419 | -€21,407 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,024 | €7,366 | +€1,342 | +22.3% |
| Other operating charges | 640/8 | €10,551 | €203,168 | +€192,617 | +1825.5% |
| Operating profit (loss) | 9901 | -€524,259 | -€193,918 | +€330,341 | +63.0% |
| Financial income | 75/76B | €1,839,712 | €226,381 | -€1.6m | -87.7% |
| Recurring financial income | 75 | €1,839,712 | €226,381 | -€1.6m | -87.7% |
| Income from financial fixed assets | 750 | €1,794,200 | - | -€1.8m | |
| Income from current assets | 751 | €45,432 | €165,052 | +€119,620 | +263.3% |
| Other financial income | 752/9 | €80 | €61,329 | +€61,250 | +77004.8% |
| Financial charges | 65/66B | €527,476 | €607,544 | +€80,069 | +15.2% |
| Recurring financial charges | 65 | €527,476 | €607,544 | +€80,069 | +15.2% |
| Debt charges | 650 | €525,870 | €599,791 | +€73,921 | +14.1% |
| Other financial charges | 652/9 | €1,606 | €7,753 | +€6,147 | +382.9% |
| Profit (loss) for the period before taxes | 9903 | €787,977 | -€575,081 | -€1.4m | |
| Income taxes | 67/77 | €273 | €1,031 | +€758 | +277.5% |
| Taxes | 670/3 | €273 | €1,031 | +€758 | +277.5% |
| Profit (loss) for the period | 9904 | €787,704 | -€576,112 | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €787,704 | -€576,112 | -€1.4m |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.