MULTI T: 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 T
Largest movements
- Receivables within one year -€7,788
down €7,788 (-73.7%), from €10,573 to €2,785
of which Trade receivables: -€6,334
- Financial fixed assets +€1,830
up €1,830 (+81.3%), from €2,250 to €4,080
- Cash -€1,534
down €1,534 (-23.4%), from €6,557 to €5,023
mainly Net result for the year (-€21,110) and Trade debts (-€4,322)
- Tangible fixed assets -€631
down €631 (-43.9%), from €1,437 to €806
- Deferred charges and accrued income -€232
down €232 (-55.1%), from €421 to €189
- Profit (loss) carried forward -€21,110
down €21,110, from €910 to -€20,200
- Other debts +€14,818
up €14,818, from €0 to €14,818
- Trade debts -€4,322
down €4,322 (-42.3%), from €10,227 to €5,906
- Tax, wage and social debts +€1,451
up €1,451 (+46.8%), from €3,100 to €4,551
- Accrued charges and deferred income +€808
new in 2025: €808
- Gross operating margin -€31,641
down €31,641, from €11,980 to -€19,661
- Taxes -€911
down €911 (-87.3%), from €1,043 to €132
- Financial charges +€263
up €263 (+353%), from €74 to €337
- Depreciation +€223
up €223 (+54.7%), from €408 to €631
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 | €21,238 | €12,884 | -€8,354 | -39.3% |
| Fixed assets | 21/28 | €3,687 | €4,886 | +€1,199 | +32.5% |
| Tangible fixed assets | 22/27 | €1,437 | €806 | -€631 | -43.9% |
| Furniture and vehicles | 24 | €1,437 | €806 | -€631 | -43.9% |
| Financial fixed assets | 28 | €2,250 | €4,080 | +€1,830 | +81.3% |
| Current assets | 29/58 | €17,551 | €7,997 | -€9,554 | -54.4% |
| Amounts receivable within one year | 40/41 | €10,573 | €2,785 | -€7,788 | -73.7% |
| Trade receivables | 40 | €7,987 | €1,653 | -€6,334 | -79.3% |
| Other amounts receivable | 41 | €2,586 | €1,132 | -€1,454 | -56.2% |
| Cash at bank and in hand | 54/58 | €6,557 | €5,023 | -€1,534 | -23.4% |
| Deferred charges and accrued income | 490/1 | €421 | €189 | -€232 | -55.1% |
| Total equity and liabilities | 10/49 | €21,238 | €12,884 | -€8,354 | -39.3% |
| Equity | 10/15 | €7,910 | -€13,200 | -€21,110 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €910 | -€20,200 | -€21,110 | |
| Amounts payable | 17/49 | €13,327 | €26,083 | +€12,756 | +95.7% |
| Amounts payable within one year | 42/48 | €13,327 | €25,275 | +€11,948 | +89.6% |
| Trade debts | 44 | €10,227 | €5,906 | -€4,322 | -42.3% |
| Suppliers | 440/4 | €10,227 | €5,906 | -€4,322 | -42.3% |
| Taxes, remuneration and social security | 45 | €3,100 | €4,551 | +€1,451 | +46.8% |
| Taxes | 450/3 | €3,100 | €4,551 | +€1,451 | +46.8% |
| Other amounts payable | 47/48 | €0 | €14,818 | +€14,818 | |
| Accrued charges and deferred income | 492/3 | - | €808 | +€808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408 | €631 | +€223 | +54.7% |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | €11,980 | -€19,661 | -€31,641 | |
| Operating profit (loss) | 9901 | €11,059 | -€20,691 | -€31,750 | |
| Financial income | 75/76B | €93 | €50 | -€43 | -46.0% |
| Recurring financial income | 75 | €93 | €50 | -€43 | -46.0% |
| Financial charges | 65/66B | €74 | €337 | +€263 | +353% |
| Recurring financial charges | 65 | €74 | €337 | +€263 | +353% |
| Profit (loss) for the period before taxes | 9903 | €11,078 | -€20,978 | -€32,056 | |
| Income taxes | 67/77 | €1,043 | €132 | -€911 | -87.3% |
| Profit (loss) for the period | 9904 | €10,035 | -€21,110 | -€31,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,035 | -€21,110 | -€31,145 |
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 14 October 2026 via checked.be.