MULTI SERVICE A D: 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 SERVICE A D
Largest movements
- Receivables within one year -€26,160
down €26,160 (-29.6%), from €88,258 to €62,098
of which Trade receivables: -€37,472
- Cash +€14,009
up €14,009 (+495%), from €2,829 to €16,838
mainly Receivables within one year (+€26,160) and Depreciation (+€14,763)
- Tangible fixed assets -€8,133
down €8,133 (-13.4%), from €60,607 to €52,475
of which Furniture and vehicles: -€7,236
- Trade debts -€9,934
down €9,934 (-45.7%), from €21,727 to €11,793
- Debts after one year -€9,051
down €9,051 (-56.1%), from €16,124 to €7,073
- Profit (loss) carried forward -€2,717
down €2,717 (-13.6%), from -€19,959 to -€22,675
- Other debts +€1,935
up €1,935 (+33.3%), from €5,811 to €7,745
- Gross operating margin -€75,454
down €75,454 (-75.3%), from €100,227 to €24,772
- Other operating charges -€33,485
down €33,485 (-93.7%), from €35,743 to €2,258
- Taxes -€11,163
down €11,163 (-73.2%), from €15,248 to €4,085
- Depreciation +€1,563
up €1,563 (+11.8%), from €13,200 to €14,763
- Financial charges -€1,126
down €1,126 (-15.0%), from €7,510 to €6,384
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 | €151,694 | €131,410 | -€20,284 | -13.4% |
| Fixed assets | 21/28 | €60,607 | €52,475 | -€8,133 | -13.4% |
| Tangible fixed assets | 22/27 | €60,607 | €52,475 | -€8,133 | -13.4% |
| Land and buildings | 22 | €20,177 | €17,180 | -€2,997 | -14.9% |
| Plant, machinery and equipment | 23 | €2,389 | €4,489 | +€2,100 | +87.9% |
| Furniture and vehicles | 24 | €38,042 | €30,806 | -€7,236 | -19.0% |
| Current assets | 29/58 | €91,087 | €78,936 | -€12,151 | -13.3% |
| Amounts receivable within one year | 40/41 | €88,258 | €62,098 | -€26,160 | -29.6% |
| Trade receivables | 40 | €88,258 | €50,786 | -€37,472 | -42.5% |
| Other amounts receivable | 41 | - | €11,312 | +€11,312 | |
| Cash at bank and in hand | 54/58 | €2,829 | €16,838 | +€14,009 | +495% |
| Total equity and liabilities | 10/49 | €151,694 | €131,410 | -€20,284 | -13.4% |
| Equity | 10/15 | €69,441 | €66,725 | -€2,717 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,800 | €70,800 | = | 0.0% |
| Distributable reserves | 133 | €70,800 | €70,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,959 | -€22,675 | -€2,717 | -13.6% |
| Amounts payable | 17/49 | €82,253 | €64,685 | -€17,567 | -21.4% |
| Amounts payable after more than one year | 17 | €16,124 | €7,073 | -€9,051 | -56.1% |
| Financial debts | 170/4 | €16,124 | €7,073 | -€9,051 | -56.1% |
| Amounts payable within one year | 42/48 | €66,129 | €57,613 | -€8,516 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €10,292 | €9,881 | -€412 | -4.0% |
| Trade debts | 44 | €21,727 | €11,793 | -€9,934 | -45.7% |
| Suppliers | 440/4 | €21,727 | €11,793 | -€9,934 | -45.7% |
| Taxes, remuneration and social security | 45 | €28,299 | €28,194 | -€106 | -0.4% |
| Taxes | 450/3 | €24,144 | €24,179 | +€34 | +0.1% |
| Remuneration and social security | 454/9 | €4,155 | €4,015 | -€140 | -3.4% |
| Other amounts payable | 47/48 | €5,811 | €7,745 | +€1,935 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,200 | €14,763 | +€1,563 | +11.8% |
| Other operating charges | 640/8 | €35,743 | €2,258 | -€33,485 | -93.7% |
| Gross operating margin | 9900 | €100,227 | €24,772 | -€75,454 | -75.3% |
| Operating profit (loss) | 9901 | €51,284 | €7,752 | -€43,532 | -84.9% |
| Financial charges | 65/66B | €7,510 | €6,384 | -€1,126 | -15.0% |
| Recurring financial charges | 65 | €7,510 | €6,384 | -€1,126 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €43,774 | €1,368 | -€42,406 | -96.9% |
| Income taxes | 67/77 | €15,248 | €4,085 | -€11,163 | -73.2% |
| Profit (loss) for the period | 9904 | €28,527 | -€2,717 | -€31,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,527 | -€2,717 | -€31,244 |
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 23 October 2026 via checked.be.