MULTIBATT: 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.
MULTIBATT
Largest movements
- Receivables within one year -€4,224
down €4,224 (-4.8%), from €87,739 to €83,515
of which Other amounts receivable: -€5,048
- Deferred charges and accrued income -€3,045
no longer reported in 2025 (was €3,045)
- Reserves -€16,790
down €16,790 (-14.6%), from €115,260 to €98,470
of which Distributable reserves: -€14,930
- Other debts +€11,678
up €11,678 (+2237.7%), from €522 to €12,200
- Trade debts -€2,117
down €2,117 (-41.5%), from €5,102 to €2,985
- Staff costs +€6,785
up €6,785 (+9.2%), from €73,408 to €80,194
- Gross operating margin +€6,230
up €6,230 (+5.6%), from €111,259 to €117,489
- Depreciation -€1,269
down €1,269 (-72.7%), from €1,746 to €477
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 | €164,535 | €156,892 | -€7,642 | -4.6% |
| Fixed assets | 21/28 | €1,006 | €528 | -€477 | -47.5% |
| Tangible fixed assets | 22/27 | €1,006 | €528 | -€477 | -47.5% |
| Plant, machinery and equipment | 23 | €646 | €377 | -€269 | -41.7% |
| Furniture and vehicles | 24 | €359 | €151 | -€208 | -57.9% |
| Current assets | 29/58 | €163,529 | €156,364 | -€7,165 | -4.4% |
| Stocks and contracts in progress | 3 | €36,059 | €34,875 | -€1,184 | -3.3% |
| Stocks | 30/36 | €36,059 | €34,875 | -€1,184 | -3.3% |
| Amounts receivable within one year | 40/41 | €87,739 | €83,515 | -€4,224 | -4.8% |
| Trade receivables | 40 | €79,859 | €80,683 | +€824 | +1.0% |
| Other amounts receivable | 41 | €7,880 | €2,832 | -€5,048 | -64.1% |
| Cash at bank and in hand | 54/58 | €36,686 | €37,974 | +€1,288 | +3.5% |
| Deferred charges and accrued income | 490/1 | €3,045 | - | -€3,045 | |
| Total equity and liabilities | 10/49 | €164,535 | €156,892 | -€7,642 | -4.6% |
| Equity | 10/15 | €135,606 | €118,825 | -€16,782 | -12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,260 | €98,470 | -€16,790 | -14.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €113,400 | €98,470 | -€14,930 | -13.2% |
| Profit (loss) carried forward | 14 | €1,746 | €1,755 | +€8 | +0.5% |
| Amounts payable | 17/49 | €28,928 | €38,068 | +€9,139 | +31.6% |
| Amounts payable within one year | 42/48 | €28,928 | €38,068 | +€9,139 | +31.6% |
| Trade debts | 44 | €5,102 | €2,985 | -€2,117 | -41.5% |
| Suppliers | 440/4 | €5,102 | €2,985 | -€2,117 | -41.5% |
| Taxes, remuneration and social security | 45 | €23,304 | €22,882 | -€421 | -1.8% |
| Taxes | 450/3 | €14,413 | €13,733 | -€680 | -4.7% |
| Remuneration and social security | 454/9 | €8,891 | €9,149 | +€258 | +2.9% |
| Other amounts payable | 47/48 | €522 | €12,200 | +€11,678 | +2237.7% |
| Remuneration, social security and pensions | 62 | €73,408 | €80,194 | +€6,785 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,746 | €477 | -€1,269 | -72.7% |
| Other operating charges | 640/8 | €3,728 | €4,211 | +€483 | +13.0% |
| Gross operating margin | 9900 | €111,259 | €117,489 | +€6,230 | +5.6% |
| Operating profit (loss) | 9901 | €32,377 | €32,608 | +€231 | +0.7% |
| Financial charges | 65/66B | €400 | €545 | +€145 | +36.3% |
| Recurring financial charges | 65 | €400 | €545 | +€145 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €31,977 | €32,062 | +€85 | +0.3% |
| Income taxes | 67/77 | €11,235 | €11,144 | -€91 | -0.8% |
| Profit (loss) for the period | 9904 | €20,742 | €20,918 | +€176 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,742 | €20,918 | +€176 | +0.9% |
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.