MULTI-PARTS: 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-PARTS
Largest movements
- Cash +€47,529
up €47,529 (+154.5%), from €30,771 to €78,300
mainly Net result for the year (+€87,334) and Trade debts (+€28,847)
- Tangible fixed assets +€36,385
up €36,385 (+3425.2%), from €1,062 to €37,447
- Receivables within one year +€24,297
up €24,297 (+12.8%), from €189,401 to €213,698
of which Trade receivables: +€24,148
- Financial fixed assets +€5,250
new in 2025: €5,250
- Reserves +€87,330
up €87,330 (+76.0%), from €114,980 to €202,310
- Trade debts +€28,847
up €28,847 (+54.9%), from €52,574 to €81,421
- Staff costs +€46,382
new in 2025: €46,382
- Gross operating margin +€13,201
up €13,201 (+8.1%), from €162,878 to €176,079
- Taxes -€11,384
down €11,384 (-24.2%), from €47,077 to €35,693
- Depreciation +€5,645
up €5,645 (+765.2%), from €738 to €6,383
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 | €221,234 | €336,320 | +€115,085 | +52.0% |
| Fixed assets | 21/28 | €1,062 | €42,697 | +€41,635 | +3919.4% |
| Tangible fixed assets | 22/27 | €1,062 | €37,447 | +€36,385 | +3425.2% |
| Furniture and vehicles | 24 | €1,062 | €37,447 | +€36,385 | +3425.2% |
| Financial fixed assets | 28 | - | €5,250 | +€5,250 | |
| Current assets | 29/58 | €220,172 | €293,622 | +€73,450 | +33.4% |
| Amounts receivable within one year | 40/41 | €189,401 | €213,698 | +€24,297 | +12.8% |
| Trade receivables | 40 | €189,401 | €213,549 | +€24,148 | +12.7% |
| Other amounts receivable | 41 | - | €149 | +€149 | |
| Cash at bank and in hand | 54/58 | €30,771 | €78,300 | +€47,529 | +154.5% |
| Deferred charges and accrued income | 490/1 | - | €1,625 | +€1,625 | |
| Total equity and liabilities | 10/49 | €221,234 | €336,320 | +€115,085 | +52.0% |
| Equity | 10/15 | €117,984 | €205,318 | +€87,334 | +74.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €114,980 | €202,310 | +€87,330 | +76.0% |
| Distributable reserves | 133 | €114,980 | €202,310 | +€87,330 | +76.0% |
| Profit (loss) carried forward | 14 | €4 | €8 | +€4 | +85.9% |
| Amounts payable | 17/49 | €103,250 | €131,002 | +€27,752 | +26.9% |
| Amounts payable within one year | 42/48 | €103,250 | €131,002 | +€27,752 | +26.9% |
| Trade debts | 44 | €52,574 | €81,421 | +€28,847 | +54.9% |
| Suppliers | 440/4 | €52,574 | €81,421 | +€28,847 | +54.9% |
| Taxes, remuneration and social security | 45 | €36,939 | €33,597 | -€3,342 | -9.0% |
| Taxes | 450/3 | €36,939 | €28,798 | -€8,141 | -22.0% |
| Remuneration and social security | 454/9 | - | €4,799 | +€4,799 | |
| Other amounts payable | 47/48 | €13,736 | €15,984 | +€2,247 | +16.4% |
| Remuneration, social security and pensions | 62 | - | €46,382 | +€46,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €738 | €6,383 | +€5,645 | +765.2% |
| Other operating charges | 640/8 | €85 | €191 | +€106 | +125.0% |
| Gross operating margin | 9900 | €162,878 | €176,079 | +€13,201 | +8.1% |
| Operating profit (loss) | 9901 | €162,055 | €123,123 | -€38,933 | -24.0% |
| Financial income | 75/76B | €31 | €2 | -€29 | -95.0% |
| Recurring financial income | 75 | €31 | €2 | -€29 | -95.0% |
| Financial charges | 65/66B | €25 | €97 | +€72 | +286.5% |
| Recurring financial charges | 65 | €25 | €97 | +€72 | +286.5% |
| Profit (loss) for the period before taxes | 9903 | €162,061 | €123,027 | -€39,034 | -24.1% |
| Income taxes | 67/77 | €47,077 | €35,693 | -€11,384 | -24.2% |
| Profit (loss) for the period | 9904 | €114,984 | €87,334 | -€27,651 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,984 | €87,334 | -€27,651 | -24.0% |
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 4 October 2026 via checked.be.