MULTI STONE: 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 STONE
Largest movements
- Stocks and contracts -€70,841
down €70,841 (-33.3%), from €212,522 to €141,681
- Receivables within one year +€41,525
up €41,525 (+38.6%), from €107,575 to €149,100
of which Trade receivables: +€34,896
- Cash -€6,755
down €6,755 (-64.8%), from €10,432 to €3,677
mainly Receivables within one year (-€41,525) and Other debts (-€39,010)
- Tangible fixed assets -€4,365
down €4,365 (-46.7%), from €9,353 to €4,988
of which Plant, machinery and equipment: -€3,607
- Other debts -€39,010
down €39,010 (-42.2%), from €92,477 to €53,467
- Trade debts -€5,950
down €5,950 (-54.0%), from €11,022 to €5,072
- Profit (loss) carried forward +€4,054
up €4,054 (+3.7%), from €109,062 to €113,116
- Write-downs -€10,702
down €10,702 (-100%), from €10,702 to €0
- Gross operating margin -€7,470
down €7,470 (-9.7%), from €77,052 to €69,582
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 | €342,388 | €300,987 | -€41,402 | -12.1% |
| Fixed assets | 21/28 | €9,353 | €4,988 | -€4,365 | -46.7% |
| Tangible fixed assets | 22/27 | €9,353 | €4,988 | -€4,365 | -46.7% |
| Plant, machinery and equipment | 23 | €7,779 | €4,172 | -€3,607 | -46.4% |
| Furniture and vehicles | 24 | €1,574 | €816 | -€758 | -48.2% |
| Current assets | 29/58 | €333,036 | €295,999 | -€37,037 | -11.1% |
| Stocks and contracts in progress | 3 | €212,522 | €141,681 | -€70,841 | -33.3% |
| Stocks | 30/36 | €212,522 | €141,681 | -€70,841 | -33.3% |
| Amounts receivable within one year | 40/41 | €107,575 | €149,100 | +€41,525 | +38.6% |
| Trade receivables | 40 | €103,943 | €138,839 | +€34,896 | +33.6% |
| Other amounts receivable | 41 | €3,632 | €10,261 | +€6,629 | +183% |
| Cash at bank and in hand | 54/58 | €10,432 | €3,677 | -€6,755 | -64.8% |
| Deferred charges and accrued income | 490/1 | €2,507 | €1,541 | -€966 | -38.5% |
| Total equity and liabilities | 10/49 | €342,388 | €300,987 | -€41,402 | -12.1% |
| Equity | 10/15 | €235,983 | €240,037 | +€4,054 | +1.7% |
| Contributions | 10/11 | €74,010 | €74,010 | = | 0.0% |
| Capital | 10 | €74,010 | €74,010 | = | 0.0% |
| Issued capital | 100 | €74,010 | €74,010 | = | 0.0% |
| Reserves | 13 | €52,911 | €52,911 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,401 | €7,401 | = | 0.0% |
| Legal reserve | 130 | €7,401 | €7,401 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,764 | €44,764 | = | 0.0% |
| Distributable reserves | 133 | €746 | €746 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,062 | €113,116 | +€4,054 | +3.7% |
| Amounts payable | 17/49 | €106,405 | €60,949 | -€45,456 | -42.7% |
| Amounts payable within one year | 42/48 | €105,769 | €60,667 | -€45,102 | -42.6% |
| Trade debts | 44 | €11,022 | €5,072 | -€5,950 | -54.0% |
| Suppliers | 440/4 | €11,022 | €5,072 | -€5,950 | -54.0% |
| Taxes, remuneration and social security | 45 | €2,270 | €2,129 | -€142 | -6.2% |
| Taxes | 450/3 | €1,455 | €168 | -€1,288 | -88.5% |
| Remuneration and social security | 454/9 | €815 | €1,961 | +€1,146 | +141% |
| Other amounts payable | 47/48 | €92,477 | €53,467 | -€39,010 | -42.2% |
| Accrued charges and deferred income | 492/3 | €637 | €282 | -€354 | -55.7% |
| Remuneration, social security and pensions | 62 | €58,273 | €58,901 | +€628 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,499 | €4,365 | -€133 | -3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,702 | €0 | -€10,702 | -100% |
| Other operating charges | 640/8 | €2,759 | €2,264 | -€496 | -18.0% |
| Gross operating margin | 9900 | €77,052 | €69,582 | -€7,470 | -9.7% |
| Operating profit (loss) | 9901 | €819 | €4,052 | +€3,233 | +395% |
| Financial income | 75/76B | €166 | €106 | -€60 | -36.2% |
| Recurring financial income | 75 | €166 | €106 | -€60 | -36.2% |
| Financial charges | 65/66B | €663 | €104 | -€559 | -84.3% |
| Recurring financial charges | 65 | €663 | €104 | -€559 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €322 | €4,054 | +€3,732 | +1,158% |
| Profit (loss) for the period | 9904 | €322 | €4,054 | +€3,732 | +1,158% |
| Profit (loss) for the period to be appropriated | 9905 | €322 | €4,054 | +€3,732 | +1,158% |
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 15 October 2026 via checked.be.