Multi Print N.O.: 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 Print N.O.
Largest movements
- Tangible fixed assets -€64,972
down €64,972 (-35.3%), from €184,190 to €119,218
of which Plant, machinery and equipment: -€68,656
- Cash -€23,056
down €23,056 (-16.3%), from €141,871 to €118,815
mainly Contributions, distributions and other (-€70,000) and Debts after one year (-€27,119)
- Receivables within one year -€9,138
down €9,138 (-13.5%), from €67,906 to €58,768
of which Trade receivables: -€8,176
- Profit (loss) carried forward -€44,712
down €44,712 (-29.1%), from €153,795 to €109,083
- Debts after one year -€27,119
down €27,119 (-37.0%), from €73,343 to €46,223
- Reserves -€25,800
down €25,800 (-39.9%), from €64,647 to €38,847
of which Tax-exempt reserves: -€25,800
- Other debts +€8,711
up €8,711 (+32.0%), from €27,241 to €35,952
- Provisions -€8,600
down €8,600 (-48.4%), from €17,781 to €9,181
- Gross operating margin -€22,022
down €22,022 (-14.0%), from €157,778 to €135,756
- Taxes -€8,246
down €8,246 (-38.9%), from €21,193 to €12,947
- Staff costs +€6,873
up €6,873 (+16.2%), from €42,463 to €49,336
- Depreciation +€5,263
up €5,263 (+7.3%), from €71,866 to €77,129
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 | €451,249 | €351,041 | -€100,208 | -22.2% |
| Fixed assets | 21/28 | €210,790 | €145,817 | -€64,972 | -30.8% |
| Tangible fixed assets | 22/27 | €184,190 | €119,218 | -€64,972 | -35.3% |
| Plant, machinery and equipment | 23 | €162,547 | €93,891 | -€68,656 | -42.2% |
| Furniture and vehicles | 24 | €3,840 | €9,097 | +€5,257 | +136.9% |
| Other tangible fixed assets | 26 | €17,803 | €16,230 | -€1,573 | -8.8% |
| Financial fixed assets | 28 | €26,600 | €26,600 | = | 0.0% |
| Current assets | 29/58 | €240,459 | €205,224 | -€35,235 | -14.7% |
| Stocks and contracts in progress | 3 | €29,300 | €27,350 | -€1,950 | -6.7% |
| Stocks | 30/36 | €29,300 | €27,350 | -€1,950 | -6.7% |
| Amounts receivable within one year | 40/41 | €67,906 | €58,768 | -€9,138 | -13.5% |
| Trade receivables | 40 | €66,878 | €58,701 | -€8,176 | -12.2% |
| Other amounts receivable | 41 | €1,029 | €67 | -€962 | -93.5% |
| Cash at bank and in hand | 54/58 | €141,871 | €118,815 | -€23,056 | -16.3% |
| Deferred charges and accrued income | 490/1 | €1,382 | €290 | -€1,092 | -79.0% |
| Total equity and liabilities | 10/49 | €451,249 | €351,041 | -€100,208 | -22.2% |
| Equity | 10/15 | €237,035 | €166,523 | -€70,512 | -29.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €64,647 | €38,847 | -€25,800 | -39.9% |
| 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 | €62,787 | €36,987 | -€25,800 | -41.1% |
| Profit (loss) carried forward | 14 | €153,795 | €109,083 | -€44,712 | -29.1% |
| Provisions and deferred taxes | 16 | €17,781 | €9,181 | -€8,600 | -48.4% |
| Deferred taxes | 168 | €17,781 | €9,181 | -€8,600 | -48.4% |
| Amounts payable | 17/49 | €196,433 | €175,337 | -€21,096 | -10.7% |
| Amounts payable after more than one year | 17 | €73,343 | €46,223 | -€27,119 | -37.0% |
| Financial debts | 170/4 | €73,343 | €46,223 | -€27,119 | -37.0% |
| Amounts payable within one year | 42/48 | €123,090 | €129,113 | +€6,023 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €28,241 | €27,119 | -€1,122 | -4.0% |
| Trade debts | 44 | €26,924 | €22,261 | -€4,663 | -17.3% |
| Suppliers | 440/4 | €26,924 | €22,261 | -€4,663 | -17.3% |
| Taxes, remuneration and social security | 45 | €40,683 | €43,781 | +€3,098 | +7.6% |
| Taxes | 450/3 | €32,399 | €39,338 | +€6,938 | +21.4% |
| Remuneration and social security | 454/9 | €8,284 | €4,444 | -€3,841 | -46.4% |
| Other amounts payable | 47/48 | €27,241 | €35,952 | +€8,711 | +32.0% |
| Remuneration, social security and pensions | 62 | €42,463 | €49,336 | +€6,873 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,866 | €77,129 | +€5,263 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €416 | €1,226 | +€810 | +194.6% |
| Other operating charges | 640/8 | €548 | €542 | -€6 | -1.1% |
| Gross operating margin | 9900 | €157,778 | €135,756 | -€22,022 | -14.0% |
| Operating profit (loss) | 9901 | €42,485 | €7,523 | -€34,962 | -82.3% |
| Financial income | 75/76B | €1,479 | €350 | -€1,129 | -76.3% |
| Recurring financial income | 75 | €1,479 | €350 | -€1,129 | -76.3% |
| Financial charges | 65/66B | €4,785 | €4,039 | -€746 | -15.6% |
| Recurring financial charges | 65 | €4,785 | €4,039 | -€746 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €39,179 | €3,835 | -€35,344 | -90.2% |
| Transfer from deferred taxes | 780 | €8,600 | €8,600 | = | 0.0% |
| Income taxes | 67/77 | €21,193 | €12,947 | -€8,246 | -38.9% |
| Profit (loss) for the period | 9904 | €26,586 | -€512 | -€27,098 | |
| Transfer from tax-exempt reserves | 789 | €25,800 | €25,800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,386 | €25,288 | -€27,098 | -51.7% |
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 8 October 2026 via checked.be.