MULTI PROPERTIES: 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 PROPERTIES
NACE 68.310, Real estate agency activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€19,464
2023 · €10,539+€8,925
Equity
€15.7m
2023 · €13.9m+€1.9m
Cash
€133,205
2023 · €259,107-€125,902
Balance sheet total
€22.1m
2023 · €21.9m+€148,819
Largest movements
Assets
- Tangible fixed assets +€426,222
up €426,222 (+5.1%), from €8.4m to €8.8m
Equity and liabilities
- Contributions +€1.9m
up €1.9m (+11.8%), from €15.6m to €17.5m
- Debts after one year -€1.8m
down €1.8m (-24.1%), from €7.6m to €5.8m
of which Financial debts: -€1.8m
Income statement
- Gross operating margin +€49,442
up €49,442 (+16.6%), from €297,276 to €346,718
- Depreciation +€36,953
up €36,953 (+10.0%), from €370,786 to €407,739
- Financial income -€15,219
down €15,219 (-4.3%), from €350,859 to €335,640
- Financial charges -€9,063
down €9,063 (-4.7%), from €194,058 to €184,995
From the 2023 result to the 2024 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 2023
€10,539
Gross operating margin
+€49,442
Staff costs
-€95
Depreciation
-€36,953
Other operating charges
+€2,686
Financial income
-€15,219
Financial charges
+€9,063
Result 2024
€19,464
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€690,413
Investment
-€833,961
Financing
+€17,646
Cash 2023
€259,107
From operations (derived)
+€690,413
Net result for the year
+€19,464
Depreciation
+€407,739
Receivables after one year
+€140,104
Smaller working-capital items
+€280
Deferred charges and accrued income
+€9,684
Trade debts
+€113,142
Investment (derived)
-€833,961
Investment in fixed assets (net)
-€833,961
Financing
+€17,646
Debts after one year
-€1.8m
Current portion of long-term debt
+€7,041
Contributions, distributions and other
+€1.9m
Cash 2024
€133,205
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,949,911 | €22,098,731 | +€148,819 | +0.7% |
| Fixed assets | 21/28 | €8,413,840 | €8,840,062 | +€426,222 | +5.1% |
| Tangible fixed assets | 22/27 | €8,413,840 | €8,840,062 | +€426,222 | +5.1% |
| Land and buildings | 22 | €8,413,840 | €8,840,062 | +€426,222 | +5.1% |
| Current assets | 29/58 | €13,536,071 | €13,258,669 | -€277,402 | -2.0% |
| Amounts receivable after more than one year | 29 | €13,075,966 | €12,935,862 | -€140,104 | -1.1% |
| Other amounts receivable | 291 | €13,075,966 | €12,935,862 | -€140,104 | -1.1% |
| Amounts receivable within one year | 40/41 | €157,253 | €155,540 | -€1,712 | -1.1% |
| Trade receivables | 40 | €3,083 | €7,800 | +€4,717 | +153.0% |
| Other amounts receivable | 41 | €154,170 | €147,741 | -€6,429 | -4.2% |
| Cash at bank and in hand | 54/58 | €259,107 | €133,205 | -€125,902 | -48.6% |
| Deferred charges and accrued income | 490/1 | €43,745 | €34,061 | -€9,684 | -22.1% |
| Total equity and liabilities | 10/49 | €21,949,911 | €22,098,731 | +€148,819 | +0.7% |
| Equity | 10/15 | €13,868,788 | €15,738,252 | +€1.9m | +13.5% |
| Contributions | 10/11 | €15,628,666 | €17,478,666 | +€1.9m | +11.8% |
| Outside capital | 11 | €15,628,666 | €17,478,666 | +€1.9m | +11.8% |
| Other | 1109/19 | €15,628,666 | €17,478,666 | +€1.9m | +11.8% |
| Profit (loss) carried forward | 14 | -€1,759,879 | -€1,740,414 | +€19,464 | +1.1% |
| Amounts payable | 17/49 | €8,081,124 | €6,360,479 | -€1.7m | -21.3% |
| Amounts payable after more than one year | 17 | €7,621,972 | €5,782,577 | -€1.8m | -24.1% |
| Financial debts | 170/4 | €7,621,887 | €5,782,577 | -€1.8m | -24.1% |
| Other amounts payable | 178/9 | €85 | - | -€85 | |
| Amounts payable within one year | 42/48 | €453,042 | €573,149 | +€120,107 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €384,259 | €391,300 | +€7,041 | +1.8% |
| Trade debts | 44 | €14,546 | €127,688 | +€113,142 | +777.8% |
| Suppliers | 440/4 | €14,546 | €127,688 | +€113,142 | +777.8% |
| Taxes, remuneration and social security | 45 | €6,642 | €5,376 | -€1,265 | -19.0% |
| Taxes | 450/3 | €95 | - | -€95 | |
| Remuneration and social security | 454/9 | €6,547 | €5,376 | -€1,171 | -17.9% |
| Other amounts payable | 47/48 | €47,595 | €48,785 | +€1,190 | +2.5% |
| Accrued charges and deferred income | 492/3 | €6,110 | €4,753 | -€1,357 | -22.2% |
| Remuneration, social security and pensions | 62 | €38,294 | €38,389 | +€95 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,786 | €407,739 | +€36,953 | +10.0% |
| Other operating charges | 640/8 | €34,457 | €31,771 | -€2,686 | -7.8% |
| Gross operating margin | 9900 | €297,276 | €346,718 | +€49,442 | +16.6% |
| Operating profit (loss) | 9901 | -€146,262 | -€131,181 | +€15,081 | +10.3% |
| Financial income | 75/76B | €350,859 | €335,640 | -€15,219 | -4.3% |
| Recurring financial income | 75 | €350,859 | €335,640 | -€15,219 | -4.3% |
| Financial charges | 65/66B | €194,058 | €184,995 | -€9,063 | -4.7% |
| Recurring financial charges | 65 | €194,058 | €184,995 | -€9,063 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €10,539 | €19,464 | +€8,925 | +84.7% |
| Profit (loss) for the period | 9904 | €10,539 | €19,464 | +€8,925 | +84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,539 | €19,464 | +€8,925 | +84.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.