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
- Current investments +€175,000
up €175,000 (+65.1%), from €268,959 to €443,959
- Tangible fixed assets -€169,125
down €169,125 (-99.5%), from €170,006 to €881
of which Land and buildings: -€168,939
- Cash +€132,673
up €132,673 (+953.1%), from €13,921 to €146,594
mainly Investment in fixed assets (net) (+€168,502) and Net result for the year (+€125,977)
- Profit (loss) carried forward +€65,977
up €65,977 (+33.2%), from €198,758 to €264,735
- Tax, wage and social debts +€33,000
new in 2025: €33,000
of which Remuneration and social security: +€20,000
- Reserves +€30,000
up €30,000 (+12.3%), from €243,974 to €273,974
of which Distributable reserves: +€30,000
- Gross operating margin +€155,155
up €155,155 (+633026.8%), from €25 to €155,179
- Taxes +€24,258
up €24,258 (+424.0%), from €5,721 to €29,980
- Financial charges +€2,283
up €2,283 (+2707.8%), from €84 to €2,367
- Financial income +€2,129
up €2,129 (+88.5%), from €2,404 to €4,532
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 | €459,668 | €598,086 | +€138,418 | +30.1% |
| Fixed assets | 21/28 | €170,006 | €881 | -€169,125 | -99.5% |
| Tangible fixed assets | 22/27 | €170,006 | €881 | -€169,125 | -99.5% |
| Land and buildings | 22 | €168,939 | - | -€168,939 | |
| Plant, machinery and equipment | 23 | €331 | €174 | -€157 | -47.5% |
| Furniture and vehicles | 24 | €112 | €291 | +€179 | +159.9% |
| Other tangible fixed assets | 26 | €623 | €415 | -€208 | -33.3% |
| Current assets | 29/58 | €289,663 | €597,205 | +€307,542 | +106.2% |
| Amounts receivable within one year | 40/41 | €6,783 | €4,753 | -€2,030 | -29.9% |
| Trade receivables | 40 | €2,807 | €2,239 | -€569 | -20.3% |
| Other amounts receivable | 41 | €3,976 | €2,514 | -€1,462 | -36.8% |
| Current investments | 50/53 | €268,959 | €443,959 | +€175,000 | +65.1% |
| Cash at bank and in hand | 54/58 | €13,921 | €146,594 | +€132,673 | +953.1% |
| Deferred charges and accrued income | 490/1 | - | €1,900 | +€1,900 | |
| Total equity and liabilities | 10/49 | €459,668 | €598,086 | +€138,418 | +30.1% |
| Equity | 10/15 | €452,648 | €548,625 | +€95,977 | +21.2% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €243,974 | €273,974 | +€30,000 | +12.3% |
| Non-distributable reserves | 130/1 | €992 | €992 | = | 0.0% |
| Reserves not available under the articles | 1311 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €242,983 | €272,983 | +€30,000 | +12.3% |
| Profit (loss) carried forward | 14 | €198,758 | €264,735 | +€65,977 | +33.2% |
| Amounts payable | 17/49 | €7,020 | €49,461 | +€42,440 | +604.5% |
| Amounts payable within one year | 42/48 | €7,020 | €49,461 | +€42,440 | +604.5% |
| Trade debts | 44 | - | €4,015 | +€4,015 | |
| Suppliers | 440/4 | - | €4,015 | +€4,015 | |
| Taxes, remuneration and social security | 45 | - | €33,000 | +€33,000 | |
| Taxes | 450/3 | - | €13,000 | +€13,000 | |
| Remuneration and social security | 454/9 | - | €20,000 | +€20,000 | |
| Other amounts payable | 47/48 | €7,020 | €12,446 | +€5,426 | +77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €623 | +€117 | +23.2% |
| Other operating charges | 640/8 | €1,307 | €765 | -€542 | -41.4% |
| Gross operating margin | 9900 | €25 | €155,179 | +€155,155 | +633026.8% |
| Operating profit (loss) | 9901 | -€1,788 | €153,791 | +€155,579 | |
| Financial income | 75/76B | €2,404 | €4,532 | +€2,129 | +88.5% |
| Recurring financial income | 75 | €2,404 | €4,532 | +€2,129 | +88.5% |
| Financial charges | 65/66B | €84 | €2,367 | +€2,283 | +2707.8% |
| Recurring financial charges | 65 | €84 | €2,367 | +€2,283 | +2707.8% |
| Profit (loss) for the period before taxes | 9903 | €532 | €155,957 | +€155,425 | +29232.3% |
| Income taxes | 67/77 | €5,721 | €29,980 | +€24,258 | +424.0% |
| Profit (loss) for the period | 9904 | -€5,189 | €125,977 | +€131,167 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,189 | €125,977 | +€131,167 |
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 2 October 2026 via checked.be.