MULTI SERVICE DECOUPE: 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 DECOUPE
Largest movements
- Cash -€1.8m
down €1.8m (-51.5%), from €3.5m to €1.7m
mainly Contributions, distributions and other (-€2.0m) and Other debts (-€1.0m)
- Financial fixed assets +€1.0m
up €1.0m (+4,237%), from €23,813 to €1.0m
- Tangible fixed assets -€382,289
down €382,289 (-99.4%), from €384,630 to €2,340
of which Land and buildings: -€300,340
- Receivables within one year +€138,011
up €138,011 (+18.5%), from €746,635 to €884,646
of which Trade receivables: +€159,729
- Other debts -€1.0m
down €1.0m (-33.3%), from €3.0m to €2.0m
- Reserves -€920,735
down €920,735 (-78.3%), from €1.2m to €254,790
of which Distributable reserves: -€920,735
- Trade debts +€907,735
up €907,735 (+635%), from €142,895 to €1.1m
- Staff costs -€2.2m
down €2.2m (-81.1%), from €2.7m to €511,092
- Gross operating margin -€357,894
down €357,894 (-16.5%), from €2.2m to €1.8m
- Taxes +€146,113
up €146,113, from -€1,643 to €144,470
- Depreciation -€106,745
down €106,745 (-78.3%), from €136,390 to €29,645
- Write-downs +€56,374
up €56,374, from -€43,725 to €12,649
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 | €4,679,655 | €3,658,091 | -€1.0m | -21.8% |
| Fixed assets | 21/28 | €408,443 | €1,056,648 | +€648,205 | +159% |
| Intangible fixed assets | 21 | - | €21,541 | +€21,541 | |
| Tangible fixed assets | 22/27 | €384,630 | €2,340 | -€382,289 | -99.4% |
| Land and buildings | 22 | €300,340 | €0 | -€300,340 | -100% |
| Plant, machinery and equipment | 23 | €67,825 | €0 | -€67,825 | -100% |
| Furniture and vehicles | 24 | €16,464 | €2,340 | -€14,124 | -85.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €23,813 | €1,032,767 | +€1.0m | +4,237% |
| Current assets | 29/58 | €4,271,213 | €2,601,443 | -€1.7m | -39.1% |
| Stocks and contracts in progress | 3 | €0 | €2,990 | +€2,990 | |
| Stocks | 30/36 | €0 | €2,990 | +€2,990 | |
| Amounts receivable within one year | 40/41 | €746,635 | €884,646 | +€138,011 | +18.5% |
| Trade receivables | 40 | €483,114 | €642,844 | +€159,729 | +33.1% |
| Other amounts receivable | 41 | €263,521 | €241,803 | -€21,718 | -8.2% |
| Current investments | 50/53 | €311 | €313 | +€1 | +0.4% |
| Cash at bank and in hand | 54/58 | €3,504,915 | €1,698,993 | -€1.8m | -51.5% |
| Deferred charges and accrued income | 490/1 | €19,351 | €14,501 | -€4,850 | -25.1% |
| Total equity and liabilities | 10/49 | €4,679,655 | €3,658,091 | -€1.0m | -21.8% |
| Equity | 10/15 | €1,267,726 | €346,992 | -€920,735 | -72.6% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €1,175,525 | €254,790 | -€920,735 | -78.3% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,110,575 | €189,840 | -€920,735 | -82.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €5,201 | €5,201 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,678 | €2,678 | = | 0.0% |
| Deferred taxes | 168 | €2,678 | €2,678 | = | 0.0% |
| Amounts payable | 17/49 | €3,409,250 | €3,308,421 | -€100,829 | -3.0% |
| Amounts payable within one year | 42/48 | €3,399,662 | €3,285,767 | -€113,895 | -3.4% |
| Trade debts | 44 | €142,895 | €1,050,630 | +€907,735 | +635% |
| Suppliers | 440/4 | €142,895 | €1,050,630 | +€907,735 | +635% |
| Advances received on contracts in progress | 46 | €1,607 | €1,607 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €255,160 | €233,530 | -€21,630 | -8.5% |
| Taxes | 450/3 | €31,110 | €103,275 | +€72,165 | +232% |
| Remuneration and social security | 454/9 | €224,050 | €130,255 | -€93,795 | -41.9% |
| Other amounts payable | 47/48 | €3,000,000 | €2,000,000 | -€1.0m | -33.3% |
| Accrued charges and deferred income | 492/3 | €9,589 | €22,654 | +€13,066 | +136% |
| Non-recurring operating income | 76A | €439,192 | €885,979 | +€446,787 | +102% |
| Remuneration, social security and pensions | 62 | €2,710,572 | €511,092 | -€2.2m | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,390 | €29,645 | -€106,745 | -78.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€43,725 | €12,649 | +€56,374 | |
| Other operating charges | 640/8 | €33,959 | €11,802 | -€22,157 | -65.2% |
| Gross operating margin | 9900 | €2,173,739 | €1,815,845 | -€357,894 | -16.5% |
| Operating profit (loss) | 9901 | -€663,457 | €1,250,659 | +€1.9m | |
| Financial income | 75/76B | €10,280 | €36,748 | +€26,469 | +257% |
| Recurring financial income | 75 | €10,280 | €36,748 | +€26,469 | +257% |
| Financial charges | 65/66B | €50,007 | €63,671 | +€13,664 | +27.3% |
| Recurring financial charges | 65 | €50,007 | €63,671 | +€13,664 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | -€703,185 | €1,223,736 | +€1.9m | |
| Income taxes | 67/77 | -€1,643 | €144,470 | +€146,113 | |
| Profit (loss) for the period | 9904 | -€701,542 | €1,079,265 | +€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€701,542 | €1,079,265 | +€1.8m |
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 25 October 2026 via checked.be.