MULTI-SERVICE: 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-SERVICE
Largest movements
- Receivables within one year +€15,970
up €15,970 (+17.9%), from €89,342 to €105,312
of which Trade receivables: +€8,911
- Current investments +€14,492
up €14,492 (+33.8%), from €42,842 to €57,334
- Cash -€6,913
down €6,913 (-78.1%), from €8,849 to €1,935
mainly Receivables within one year (-€15,970) and Current investments (-€14,492)
- Reserves +€15,000
up €15,000 (+15.5%), from €96,936 to €111,936
of which Distributable reserves: +€15,000
- Tax, wage and social debts +€4,065
up €4,065 (+82.1%), from €4,948 to €9,013
- Profit (loss) carried forward +€1,868
up €1,868 (+24.2%), from €7,709 to €9,576
- Gross operating margin +€7,095
up €7,095 (+36.0%), from €19,698 to €26,793
- Taxes +€2,321
up €2,321 (+40.5%), from €5,726 to €8,047
- Other operating charges +€654
up €654 (+166.6%), from €392 to €1,046
- Purchases and services -€623
down €623 (-1.7%), from €35,650 to €35,027
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 | €149,656 | €172,193 | +€22,537 | +15.1% |
| Fixed assets | 21/28 | €7,657 | €6,631 | -€1,026 | -13.4% |
| Tangible fixed assets | 22/27 | €7,582 | €6,556 | -€1,026 | -13.5% |
| Land and buildings | 22 | €6,554 | €5,958 | -€596 | -9.1% |
| Plant, machinery and equipment | 23 | €1,028 | €598 | -€430 | -41.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €141,999 | €165,562 | +€23,563 | +16.6% |
| Amounts receivable within one year | 40/41 | €89,342 | €105,312 | +€15,970 | +17.9% |
| Trade receivables | 40 | €88,955 | €97,866 | +€8,911 | +10.0% |
| Other amounts receivable | 41 | €387 | €7,446 | +€7,059 | +1825.0% |
| Current investments | 50/53 | €42,842 | €57,334 | +€14,492 | +33.8% |
| Cash at bank and in hand | 54/58 | €8,849 | €1,935 | -€6,913 | -78.1% |
| Deferred charges and accrued income | 490/1 | €967 | €980 | +€14 | +1.4% |
| Total equity and liabilities | 10/49 | €149,656 | €172,193 | +€22,537 | +15.1% |
| Equity | 10/15 | €138,110 | €154,978 | +€16,868 | +12.2% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Reserves | 13 | €96,936 | €111,936 | +€15,000 | +15.5% |
| Tax-exempt reserves | 132 | €1,413 | €1,413 | = | 0.0% |
| Distributable reserves | 133 | €95,523 | €110,523 | +€15,000 | +15.7% |
| Profit (loss) carried forward | 14 | €7,709 | €9,576 | +€1,868 | +24.2% |
| Amounts payable | 17/49 | €11,546 | €17,215 | +€5,669 | +49.1% |
| Amounts payable within one year | 42/48 | €11,529 | €17,179 | +€5,651 | +49.0% |
| Trade debts | 44 | €3,731 | €4,091 | +€360 | +9.6% |
| Suppliers | 440/4 | €3,731 | €4,091 | +€360 | +9.6% |
| Taxes, remuneration and social security | 45 | €4,948 | €9,013 | +€4,065 | +82.1% |
| Taxes | 450/3 | €4,948 | €9,013 | +€4,065 | +82.1% |
| Other amounts payable | 47/48 | €2,849 | €4,075 | +€1,226 | +43.0% |
| Accrued charges and deferred income | 492/3 | €17 | €36 | +€19 | +110.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,650 | €35,027 | -€623 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,149 | €1,026 | -€123 | -10.7% |
| Other operating charges | 640/8 | €392 | €1,046 | +€654 | +166.6% |
| Gross operating margin | 9900 | €19,698 | €26,793 | +€7,095 | +36.0% |
| Operating profit (loss) | 9901 | €18,157 | €24,722 | +€6,564 | +36.2% |
| Financial income | 75/76B | €283 | €382 | +€99 | +34.9% |
| Recurring financial income | 75 | €283 | €382 | +€99 | +34.9% |
| Financial charges | 65/66B | €188 | €189 | +€1 | +0.5% |
| Recurring financial charges | 65 | €188 | €189 | +€1 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €18,252 | €24,914 | +€6,662 | +36.5% |
| Income taxes | 67/77 | €5,726 | €8,047 | +€2,321 | +40.5% |
| Profit (loss) for the period | 9904 | €12,526 | €16,868 | +€4,342 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,526 | €16,868 | +€4,342 | +34.7% |
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 4 October 2026 via checked.be.