MULTI SPRAY ENTERPRISES: 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 SPRAY ENTERPRISES
Largest movements
- Receivables within one year -€66,262
down €66,262 (-28.4%), from €233,298 to €167,037
of which Trade receivables: -€104,595
- Cash +€26,737
up €26,737 (+19.8%), from €134,946 to €161,683
mainly Receivables within one year (+€66,262) and Trade debts (+€16,842)
- Other debts -€62,911
no longer reported in 2025 (was €62,911)
- Trade debts +€16,842
up €16,842 (+35.0%), from €48,179 to €65,021
- Reserves +€6,817
up €6,817 (+4.3%), from €159,362 to €166,180
of which Distributable reserves: +€6,817
- Gross operating margin -€9,386
down €9,386 (-28.7%), from €32,699 to €23,314
- Write-downs +€5,913
new in 2025: €5,913
- Other operating charges +€2,880
up €2,880 (+106.8%), from €2,696 to €5,577
- Depreciation -€2,221
down €2,221 (-66.7%), from €3,331 to €1,110
- Taxes -€449
down €449 (-10.6%), from €4,253 to €3,803
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 | €369,974 | €329,339 | -€40,635 | -11.0% |
| Fixed assets | 21/28 | €1,730 | €620 | -€1,110 | -64.2% |
| Tangible fixed assets | 22/27 | €1,110 | - | -€1,110 | |
| Furniture and vehicles | 24 | €1,110 | - | -€1,110 | |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €368,244 | €328,720 | -€39,524 | -10.7% |
| Amounts receivable within one year | 40/41 | €233,298 | €167,037 | -€66,262 | -28.4% |
| Trade receivables | 40 | €214,644 | €110,049 | -€104,595 | -48.7% |
| Other amounts receivable | 41 | €18,654 | €56,987 | +€38,333 | +205.5% |
| Cash at bank and in hand | 54/58 | €134,946 | €161,683 | +€26,737 | +19.8% |
| Total equity and liabilities | 10/49 | €369,974 | €329,339 | -€40,635 | -11.0% |
| Equity | 10/15 | €249,462 | €256,280 | +€6,817 | +2.7% |
| Contributions | 10/11 | €90,100 | €90,100 | = | 0.0% |
| Contributions outside capital | 11 | €90,100 | €90,100 | = | 0.0% |
| Other | 1109/19 | €90,100 | €90,100 | = | 0.0% |
| Reserves | 13 | €159,362 | €166,180 | +€6,817 | +4.3% |
| Non-distributable reserves | 130/1 | €9,010 | €9,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,010 | €9,010 | = | 0.0% |
| Distributable reserves | 133 | €150,352 | €157,170 | +€6,817 | +4.5% |
| Amounts payable | 17/49 | €120,512 | €73,059 | -€47,452 | -39.4% |
| Amounts payable within one year | 42/48 | €120,512 | €73,059 | -€47,452 | -39.4% |
| Trade debts | 44 | €48,179 | €65,021 | +€16,842 | +35.0% |
| Suppliers | 440/4 | €48,179 | €65,021 | +€16,842 | +35.0% |
| Taxes, remuneration and social security | 45 | €9,422 | €8,039 | -€1,383 | -14.7% |
| Taxes | 450/3 | €9,422 | €8,039 | -€1,383 | -14.7% |
| Other amounts payable | 47/48 | €62,911 | - | -€62,911 | |
| Non-recurring operating income | 76A | - | €248 | +€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,331 | €1,110 | -€2,221 | -66.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,913 | +€5,913 | |
| Other operating charges | 640/8 | €2,696 | €5,577 | +€2,880 | +106.8% |
| Gross operating margin | 9900 | €32,699 | €23,314 | -€9,386 | -28.7% |
| Operating profit (loss) | 9901 | €26,672 | €10,714 | -€15,958 | -59.8% |
| Financial income | 75/76B | €59 | €330 | +€271 | +457.1% |
| Recurring financial income | 75 | €59 | €330 | +€271 | +457.1% |
| Financial charges | 65/66B | €91 | €423 | +€332 | +365.4% |
| Recurring financial charges | 65 | €91 | €423 | +€332 | +365.4% |
| Profit (loss) for the period before taxes | 9903 | €26,640 | €10,621 | -€16,020 | -60.1% |
| Income taxes | 67/77 | €4,253 | €3,803 | -€449 | -10.6% |
| Profit (loss) for the period | 9904 | €22,388 | €6,817 | -€15,571 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,388 | €6,817 | -€15,571 | -69.5% |
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 9 October 2026 via checked.be.