Multi S Properties: 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 S Properties
Largest movements
- Tangible fixed assets +€17,458
up €17,458 (+120%), from €14,500 to €31,958
- Cash +€4,805
up €4,805 (+278%), from €1,726 to €6,531
mainly Contributions, distributions and other (+€19,436) and Net result for the year (+€1,703)
- Receivables within one year -€1,687
down €1,687 (-11.0%), from €15,306 to €13,619
of which Other amounts receivable: -€2,955
- Profit (loss) carried forward +€21,139
up €21,139 (+208%), from €10,148 to €31,287
- Accrued charges and deferred income -€563
down €563 (-20.1%), from €2,804 to €2,241
- Goods and materials +€50,595
new in 2025: €50,595
- Services and other goods -€31,579
no longer reported in 2025 (was €31,579)
- Turnover +€11,488
up €11,488 (+27.5%), from €41,727 to €53,215
- Taxes +€917
up €917, from €0 to €917
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 | €31,532 | €52,108 | +€20,576 | +65.3% |
| Fixed assets | 21/28 | €14,500 | €31,958 | +€17,458 | +120% |
| Tangible fixed assets | 22/27 | €14,500 | €31,958 | +€17,458 | +120% |
| Furniture and vehicles | 24 | €14,500 | €31,958 | +€17,458 | +120% |
| Current assets | 29/58 | €17,032 | €20,150 | +€3,118 | +18.3% |
| Amounts receivable within one year | 40/41 | €15,306 | €13,619 | -€1,687 | -11.0% |
| Trade receivables | 40 | €6,125 | €7,393 | +€1,268 | +20.7% |
| Other amounts receivable | 41 | €9,181 | €6,226 | -€2,955 | -32.2% |
| Cash at bank and in hand | 54/58 | €1,726 | €6,531 | +€4,805 | +278% |
| Total equity and liabilities | 10/49 | €31,532 | €52,108 | +€20,576 | +65.3% |
| Equity | 10/15 | €28,728 | €49,867 | +€21,139 | +73.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30 | €30 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30 | €30 | = | 0.0% |
| Legal reserve | 130 | €30 | €30 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,148 | €31,287 | +€21,139 | +208% |
| Amounts payable | 17/49 | €2,804 | €2,241 | -€563 | -20.1% |
| Accrued charges and deferred income | 492/3 | €2,804 | €2,241 | -€563 | -20.1% |
| Operating income | 70/76A | €41,727 | €53,215 | +€11,488 | +27.5% |
| Turnover | 70 | €41,727 | €53,215 | +€11,488 | +27.5% |
| Operating charges | 60/66A | €31,579 | €50,595 | +€19,016 | +60.2% |
| Goods for resale, raw materials and consumables | 60 | - | €50,595 | +€50,595 | |
| Purchases | 600/8 | - | €50,595 | +€50,595 | |
| Services and other goods | 61 | €31,579 | - | -€31,579 | |
| Operating profit (loss) | 9901 | €10,148 | €2,620 | -€7,528 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €10,148 | €2,620 | -€7,528 | -74.2% |
| Income taxes | 67/77 | €0 | €917 | +€917 | |
| Taxes | 670/3 | €0 | €917 | +€917 | |
| Profit (loss) for the period | 9904 | €10,148 | €1,703 | -€8,445 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,148 | €1,703 | -€8,445 | -83.2% |
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 15 October 2026 via checked.be.