MULTI PAINT LSG: 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 PAINT LSG
Largest movements
- Cash -€321,947
down €321,947 (-62.1%), from €518,454 to €196,507
mainly Receivables after one year (-€226,638) and Stocks and contracts (-€210,000)
- Receivables after one year +€226,638
up €226,638 (+119%), from €189,987 to €416,625
- Stocks and contracts +€210,000
up €210,000 (+29.7%), from €708,000 to €918,000
- Receivables within one year +€204,284
up €204,284 (+38.2%), from €534,866 to €739,151
of which Trade receivables: +€203,668
- Tangible fixed assets -€59,201
down €59,201 (-27.2%), from €217,911 to €158,710
of which Furniture and vehicles: -€50,238
- Reserves +€354,639
up €354,639 (+48.7%), from €728,250 to €1.1m
of which Distributable reserves: +€354,639
- Other debts -€39,102
down €39,102 (-13.6%), from €286,760 to €247,658
- Financial income +€241,177
up €241,177 (+1,336%), from €18,055 to €259,232
- Gross operating margin -€81,339
down €81,339 (-13.8%), from €590,498 to €509,159
- Write-downs +€54,544
up €54,544, from -€54,544 to €0
- Other operating charges -€36,462
down €36,462 (-62.9%), from €57,984 to €21,521
- Financial charges +€15,791
up €15,791 (+499%), from €3,165 to €18,957
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 | €2,725,063 | €2,996,060 | +€270,998 | +9.9% |
| Fixed assets | 21/28 | €758,745 | €699,544 | -€59,201 | -7.8% |
| Tangible fixed assets | 22/27 | €217,911 | €158,710 | -€59,201 | -27.2% |
| Plant, machinery and equipment | 23 | €37,528 | €18,138 | -€19,390 | -51.7% |
| Furniture and vehicles | 24 | €165,230 | €114,992 | -€50,238 | -30.4% |
| Other tangible fixed assets | 26 | €15,153 | €25,580 | +€10,427 | +68.8% |
| Financial fixed assets | 28 | €540,834 | €540,834 | = | 0.0% |
| Current assets | 29/58 | €1,966,318 | €2,296,517 | +€330,199 | +16.8% |
| Amounts receivable after more than one year | 29 | €189,987 | €416,625 | +€226,638 | +119% |
| Other amounts receivable | 291 | €189,987 | €416,625 | +€226,638 | +119% |
| Stocks and contracts in progress | 3 | €708,000 | €918,000 | +€210,000 | +29.7% |
| Stocks | 30/36 | €708,000 | €918,000 | +€210,000 | +29.7% |
| Amounts receivable within one year | 40/41 | €534,866 | €739,151 | +€204,284 | +38.2% |
| Trade receivables | 40 | €481,941 | €685,610 | +€203,668 | +42.3% |
| Other amounts receivable | 41 | €52,925 | €53,541 | +€616 | +1.2% |
| Cash at bank and in hand | 54/58 | €518,454 | €196,507 | -€321,947 | -62.1% |
| Deferred charges and accrued income | 490/1 | €15,010 | €26,234 | +€11,224 | +74.8% |
| Total equity and liabilities | 10/49 | €2,725,063 | €2,996,060 | +€270,998 | +9.9% |
| Equity | 10/15 | €2,196,948 | €2,551,587 | +€354,639 | +16.1% |
| Contributions | 10/11 | €603,334 | €603,334 | = | 0.0% |
| Capital | 10 | €603,334 | €603,334 | = | 0.0% |
| Issued capital | 100 | €603,334 | €603,334 | = | 0.0% |
| Reserves | 13 | €728,250 | €1,082,889 | +€354,639 | +48.7% |
| Non-distributable reserves | 130/1 | €60,333 | €60,333 | = | 0.0% |
| Legal reserve | 130 | €60,333 | €60,333 | = | 0.0% |
| Distributable reserves | 133 | €667,917 | €1,022,555 | +€354,639 | +53.1% |
| Profit (loss) carried forward | 14 | €865,364 | €865,364 | = | 0.0% |
| Amounts payable | 17/49 | €528,114 | €444,474 | -€83,641 | -15.8% |
| Amounts payable after more than one year | 17 | €1,836 | €0 | -€1,836 | -100% |
| Financial debts | 170/4 | €1,836 | €0 | -€1,836 | -100% |
| Amounts payable within one year | 42/48 | €526,278 | €430,423 | -€95,855 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €10,954 | €1,836 | -€9,118 | -83.2% |
| Trade debts | 44 | €99,683 | €70,650 | -€29,033 | -29.1% |
| Suppliers | 440/4 | €99,683 | €70,650 | -€29,033 | -29.1% |
| Taxes, remuneration and social security | 45 | €128,881 | €110,279 | -€18,602 | -14.4% |
| Taxes | 450/3 | €112,281 | €81,130 | -€31,152 | -27.7% |
| Remuneration and social security | 454/9 | €16,600 | €29,149 | +€12,550 | +75.6% |
| Other amounts payable | 47/48 | €286,760 | €247,658 | -€39,102 | -13.6% |
| Accrued charges and deferred income | 492/3 | - | €14,050 | +€14,050 | |
| Remuneration, social security and pensions | 62 | €217,475 | €219,625 | +€2,150 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,467 | €65,890 | -€8,577 | -11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€54,544 | €0 | +€54,544 | |
| Other operating charges | 640/8 | €57,984 | €21,521 | -€36,462 | -62.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €590,498 | €509,159 | -€81,339 | -13.8% |
| Operating profit (loss) | 9901 | €295,117 | €202,124 | -€92,993 | -31.5% |
| Financial income | 75/76B | €18,055 | €259,232 | +€241,177 | +1,336% |
| Recurring financial income | 75 | €18,055 | €259,232 | +€241,177 | +1,336% |
| Financial charges | 65/66B | €3,165 | €18,957 | +€15,791 | +499% |
| Recurring financial charges | 65 | €3,165 | €18,957 | +€15,791 | +499% |
| Profit (loss) for the period before taxes | 9903 | €310,007 | €442,399 | +€132,392 | +42.7% |
| Income taxes | 67/77 | €98,536 | €87,761 | -€10,776 | -10.9% |
| Profit (loss) for the period | 9904 | €211,470 | €354,639 | +€143,168 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €211,470 | €354,639 | +€143,168 | +67.7% |
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 18 October 2026 via checked.be.