MULTIBECK: 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.
MULTIBECK
Largest movements
- Tangible fixed assets +€53,818
up €53,818 (+799%), from €6,735 to €60,553
of which Furniture and vehicles: +€55,518
- Cash +€23,583
up €23,583 (+109%), from €21,725 to €45,308
mainly Debts after one year (+€44,139) and Trade debts (+€20,953)
- Receivables within one year -€7,309
down €7,309 (-24.0%), from €30,469 to €23,160
of which Other amounts receivable: -€5,809
- Debts after one year +€44,139
new in 2025: €44,139
- Trade debts +€20,953
up €20,953 (+880%), from €2,381 to €23,334
- Tax, wage and social debts -€11,717
down €11,717 (-81.8%), from €14,331 to €2,613
- Current portion of long-term debt +€11,288
new in 2025: €11,288
- Reserves +€6,550
up €6,550 (+65.5%), from €10,000 to €16,550
- Gross operating margin -€18,317
down €18,317 (-51.6%), from €35,513 to €17,196
- Taxes -€7,560
down €7,560 (-74.3%), from €10,174 to €2,613
- Depreciation +€5,482
up €5,482 (+322%), from €1,700 to €7,182
- Financial charges +€1,040
up €1,040 (+815%), from €128 to €1,168
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 | €58,928 | €130,212 | +€71,284 | +121% |
| Fixed assets | 21/28 | €6,735 | €60,553 | +€53,818 | +799% |
| Tangible fixed assets | 22/27 | €6,735 | €60,553 | +€53,818 | +799% |
| Plant, machinery and equipment | 23 | €6,735 | €5,035 | -€1,700 | -25.2% |
| Furniture and vehicles | 24 | - | €55,518 | +€55,518 | |
| Current assets | 29/58 | €52,193 | €69,659 | +€17,466 | +33.5% |
| Amounts receivable within one year | 40/41 | €30,469 | €23,160 | -€7,309 | -24.0% |
| Trade receivables | 40 | €20,000 | €18,500 | -€1,500 | -7.5% |
| Other amounts receivable | 41 | €10,469 | €4,660 | -€5,809 | -55.5% |
| Cash at bank and in hand | 54/58 | €21,725 | €45,308 | +€23,583 | +109% |
| Deferred charges and accrued income | 490/1 | - | €1,191 | +€1,191 | |
| Total equity and liabilities | 10/49 | €58,928 | €130,212 | +€71,284 | +121% |
| Equity | 10/15 | €42,216 | €48,775 | +€6,559 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,000 | €16,550 | +€6,550 | +65.5% |
| Distributable reserves | 133 | €10,000 | €16,550 | +€6,550 | +65.5% |
| Profit (loss) carried forward | 14 | €13,616 | €13,625 | +€9 | +0.1% |
| Amounts payable | 17/49 | €16,712 | €81,437 | +€64,725 | +387% |
| Amounts payable after more than one year | 17 | - | €44,139 | +€44,139 | |
| Financial debts | 170/4 | - | €44,139 | +€44,139 | |
| Amounts payable within one year | 42/48 | €16,712 | €37,236 | +€20,524 | +123% |
| Current portion of amounts payable after more than one year | 42 | - | €11,288 | +€11,288 | |
| Trade debts | 44 | €2,381 | €23,334 | +€20,953 | +880% |
| Suppliers | 440/4 | €2,381 | €23,334 | +€20,953 | +880% |
| Taxes, remuneration and social security | 45 | €14,331 | €2,613 | -€11,717 | -81.8% |
| Taxes | 450/3 | €14,331 | €2,613 | -€11,717 | -81.8% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Non-recurring operating income | 76A | €1,658 | - | -€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €7,182 | +€5,482 | +322% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €35,513 | €17,196 | -€18,317 | -51.6% |
| Operating profit (loss) | 9901 | €33,751 | €9,952 | -€23,799 | -70.5% |
| Financial income | 75/76B | €41 | €388 | +€347 | +851% |
| Recurring financial income | 75 | €41 | €388 | +€347 | +851% |
| Financial charges | 65/66B | €128 | €1,168 | +€1,040 | +815% |
| Recurring financial charges | 65 | €128 | €1,168 | +€1,040 | +815% |
| Profit (loss) for the period before taxes | 9903 | €33,665 | €9,173 | -€24,492 | -72.8% |
| Income taxes | 67/77 | €10,174 | €2,613 | -€7,560 | -74.3% |
| Profit (loss) for the period | 9904 | €23,491 | €6,559 | -€16,932 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,491 | €6,559 | -€16,932 | -72.1% |
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 18 October 2026 via checked.be.