MULTI TASKS MANAGEMENT: what changed
Two fiscal 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 TASKS MANAGEMENT
Largest movements
- Tangible fixed assets -€398,778
down €398,778 (-99.4%), from €401,045 to €2,267
of which Land and buildings: -€400,085
- Financial fixed assets -€191,667
no longer reported in 2025 (was €191,667)
- Receivables within one year -€91,050
down €91,050 (-94.1%), from €96,804 to €5,754
of which Trade receivables: -€94,304
- Cash -€75,943
down €75,943 (-40.4%), from €188,115 to €112,172
mainly Other debts (-€300,690) and Debts after one year (-€224,867)
- Other debts -€300,690
no longer reported in 2025 (was €300,690)
- Debts after one year -€224,867
no longer reported in 2025 (was €224,867)
- Profit (loss) carried forward -€127,572
down €127,572 (-73.4%), from €173,751 to €46,178
- Tax, wage and social debts -€53,092
down €53,092 (-67.3%), from €78,840 to €25,748
- Current portion of long-term debt -€45,966
no longer reported in 2025 (was €45,966)
- Gross operating margin -€103,778
down €103,778 (-47.9%), from €216,488 to €112,710
- Financial income -€60,397
down €60,397 (-60.4%), from €100,000 to €39,603
- Write-downs +€14,500
new in 2025: €14,500
- Taxes -€9,717
down €9,717 (-23.7%), from €40,915 to €31,198
- Depreciation -€2,978
down €2,978 (-18.8%), from €15,813 to €12,836
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 | €879,916 | €128,173 | -€751,743 | -85.4% |
| Fixed assets | 21/28 | €592,711 | €2,267 | -€590,444 | -99.6% |
| Tangible fixed assets | 22/27 | €401,045 | €2,267 | -€398,778 | -99.4% |
| Land and buildings | 22 | €400,085 | - | -€400,085 | |
| Furniture and vehicles | 24 | €960 | €2,267 | +€1,307 | +136.2% |
| Financial fixed assets | 28 | €191,667 | - | -€191,667 | |
| Current assets | 29/58 | €287,205 | €125,907 | -€161,298 | -56.2% |
| Amounts receivable within one year | 40/41 | €96,804 | €5,754 | -€91,050 | -94.1% |
| Trade receivables | 40 | €96,804 | €2,500 | -€94,304 | -97.4% |
| Other amounts receivable | 41 | - | €3,254 | +€3,254 | |
| Cash at bank and in hand | 54/58 | €188,115 | €112,172 | -€75,943 | -40.4% |
| Deferred charges and accrued income | 490/1 | €2,286 | €7,980 | +€5,694 | +249.1% |
| Total equity and liabilities | 10/49 | €879,916 | €128,173 | -€751,743 | -85.4% |
| Equity | 10/15 | €228,751 | €101,178 | -€127,572 | -55.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,751 | €46,178 | -€127,572 | -73.4% |
| Amounts payable | 17/49 | €651,166 | €26,995 | -€624,170 | -95.9% |
| Amounts payable after more than one year | 17 | €224,867 | - | -€224,867 | |
| Financial debts | 170/4 | €224,867 | - | -€224,867 | |
| Amounts payable within one year | 42/48 | €426,299 | €26,995 | -€399,304 | -93.7% |
| Current portion of amounts payable after more than one year | 42 | €45,966 | - | -€45,966 | |
| Trade debts | 44 | €803 | €1,247 | +€444 | +55.4% |
| Suppliers | 440/4 | €803 | €1,247 | +€444 | +55.4% |
| Taxes, remuneration and social security | 45 | €78,840 | €25,748 | -€53,092 | -67.3% |
| Taxes | 450/3 | €78,840 | €25,748 | -€53,092 | -67.3% |
| Other amounts payable | 47/48 | €300,690 | - | -€300,690 | |
| Non-recurring operating income | 76A | - | €80,993 | +€80,993 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,813 | €12,836 | -€2,978 | -18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,500 | +€14,500 | |
| Other operating charges | 640/8 | €2,958 | €3,755 | +€797 | +26.9% |
| Gross operating margin | 9900 | €216,488 | €112,710 | -€103,778 | -47.9% |
| Operating profit (loss) | 9901 | €197,716 | €81,619 | -€116,097 | -58.7% |
| Financial income | 75/76B | €100,000 | €39,603 | -€60,397 | -60.4% |
| Recurring financial income | 75 | €100,000 | €39,603 | -€60,397 | -60.4% |
| Financial charges | 65/66B | €220,355 | €217,596 | -€2,759 | -1.3% |
| Recurring financial charges | 65 | €28,689 | €25,930 | -€2,759 | -9.6% |
| Non-recurring financial charges | 66B | €191,667 | €191,667 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €77,361 | -€96,374 | -€173,735 | |
| Income taxes | 67/77 | €40,915 | €31,198 | -€9,717 | -23.7% |
| Profit (loss) for the period | 9904 | €36,446 | -€127,572 | -€164,019 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,446 | -€127,572 | -€164,019 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.