MULTI-VALUE HOLDING: 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-VALUE HOLDING
Largest movements
- Receivables within one year +€225,610
up €225,610 (+3,709%), from €6,083 to €231,693
of which Other amounts receivable: +€214,810
- Profit (loss) carried forward +€194,881
up €194,881, from -€44,596 to €150,285
- Debts after one year -€80,000
down €80,000 (-14.4%), from €554,000 to €474,000
- Other debts +€68,491
up €68,491 (+31.3%), from €218,980 to €287,471
- Trade debts +€29,525
up €29,525 (+82.0%), from €35,997 to €65,522
- Financial income +€201,230
up €201,230 (+51,825%), from €388 to €201,618
- Financial charges -€12,560
down €12,560 (-31.6%), from €39,765 to €27,205
- Gross operating margin +€4,616
up €4,616 (+27.2%), from €16,979 to €21,595
- Other operating charges +€613
up €613 (+119%), from €513 to €1,126
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 | €932,542 | €1,156,859 | +€224,318 | +24.1% |
| Fixed assets | 21/28 | €924,057 | €924,057 | = | 0.0% |
| Financial fixed assets | 28 | €924,057 | €924,057 | = | 0.0% |
| Current assets | 29/58 | €8,485 | €232,802 | +€224,318 | +2,644% |
| Amounts receivable within one year | 40/41 | €6,083 | €231,693 | +€225,610 | +3,709% |
| Trade receivables | 40 | €0 | €10,800 | +€10,800 | |
| Other amounts receivable | 41 | €6,083 | €220,893 | +€214,810 | +3,531% |
| Cash at bank and in hand | 54/58 | €139 | €346 | +€207 | +148% |
| Deferred charges and accrued income | 490/1 | €2,262 | €763 | -€1,499 | -66.3% |
| Total equity and liabilities | 10/49 | €932,542 | €1,156,859 | +€224,318 | +24.1% |
| Equity | 10/15 | €5,404 | €200,285 | +€194,881 | +3,606% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,596 | €150,285 | +€194,881 | |
| Amounts payable | 17/49 | €927,138 | €956,574 | +€29,436 | +3.2% |
| Amounts payable after more than one year | 17 | €554,000 | €474,000 | -€80,000 | -14.4% |
| Financial debts | 170/4 | €554,000 | €474,000 | -€80,000 | -14.4% |
| Amounts payable within one year | 42/48 | €334,977 | €433,940 | +€98,963 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €35,997 | €65,522 | +€29,525 | +82.0% |
| Suppliers | 440/4 | €35,997 | €65,522 | +€29,525 | +82.0% |
| Taxes, remuneration and social security | 45 | - | €948 | +€948 | |
| Taxes | 450/3 | - | €948 | +€948 | |
| Other amounts payable | 47/48 | €218,980 | €287,471 | +€68,491 | +31.3% |
| Accrued charges and deferred income | 492/3 | €38,161 | €48,633 | +€10,473 | +27.4% |
| Other operating charges | 640/8 | €513 | €1,126 | +€613 | +119% |
| Gross operating margin | 9900 | €16,979 | €21,595 | +€4,616 | +27.2% |
| Operating profit (loss) | 9901 | €16,466 | €20,468 | +€4,002 | +24.3% |
| Financial income | 75/76B | €388 | €201,618 | +€201,230 | +51,825% |
| Recurring financial income | 75 | €388 | €201,618 | +€201,230 | +51,825% |
| Financial charges | 65/66B | €39,765 | €27,205 | -€12,560 | -31.6% |
| Recurring financial charges | 65 | €39,765 | €27,205 | -€12,560 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,910 | €194,881 | +€217,792 | |
| Profit (loss) for the period | 9904 | -€22,910 | €194,881 | +€217,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,910 | €194,881 | +€217,792 |
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 26 October 2026 via checked.be.