MULTIBIS: 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.
What changed
MULTIBIS
NACE 47.120, Other non-specialised retail sale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€23,900
2024 · €48,325-€24,425
Equity
€155,947
2024 · €132,047+€23,900
Cash
€59,491
2024 · €54,144+€5,346
Balance sheet total
€1.7m
2024 · €1.7m-€47,028
Largest movements
Assets
- Tangible fixed assets -€115,704
down €115,704 (-11.0%), from €1.0m to €931,470
of which Other tangible fixed assets: -€81,997
- Stocks and contracts +€50,116
up €50,116 (+14.1%), from €355,800 to €405,916
Equity and liabilities
- Debts after one year -€85,342
down €85,342 (-12.4%), from €690,083 to €604,741
- Other debts -€66,016
down €66,016 (-63.0%), from €104,714 to €38,698
- Profit (loss) carried forward +€64,487
no longer reported in 2025 (was -€64,487)
- Trade debts +€51,665
up €51,665 (+9.3%), from €556,171 to €607,836
- Reserves -€40,587
down €40,587 (-30.2%), from €134,561 to €93,974
of which Distributable reserves: -€40,587
Income statement
- Staff costs +€129,069
up €129,069 (+21.7%), from €593,923 to €722,993
- Gross operating margin +€97,522
up €97,522 (+11.1%), from €874,720 to €972,242
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.
Result 2024
€48,325
Gross operating margin
+€97,522
Staff costs
-€129,069
Depreciation
+€1,751
Other operating charges
+€2,848
Other operating items
+€1,342
Financial income
+€525
Financial charges
+€654
Taxes
+€1
Result 2025
€23,900
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.
From operations
+€82,390
Investment
-€23,564
Financing
-€53,479
Cash 2024
€54,144
From operations (derived)
+€82,390
Net result for the year
+€23,900
Depreciation
+€139,268
Stocks and contracts
-€50,116
Receivables within one year
-€14,093
Deferred charges and accrued income
+€879
Trade debts
+€51,665
Tax, wage and social debts
-€3,098
Other debts
-€66,016
Investment (derived)
-€23,564
Investment in fixed assets (net)
-€23,564
Financing
-€53,479
Debts after one year
-€85,342
Current portion of long-term debt
+€31,863
Cash 2025
€59,491
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,733,615 | €1,686,587 | -€47,028 | -2.7% |
| Fixed assets | 21/28 | €1,051,891 | €936,187 | -€115,704 | -11.0% |
| Tangible fixed assets | 22/27 | €1,047,175 | €931,470 | -€115,704 | -11.0% |
| Plant, machinery and equipment | 23 | €334,491 | €302,948 | -€31,543 | -9.4% |
| Furniture and vehicles | 24 | €26,575 | €3,653 | -€22,922 | -86.3% |
| Leasing and similar rights | 25 | €111 | €20,869 | +€20,758 | +18685.9% |
| Other tangible fixed assets | 26 | €685,997 | €604,000 | -€81,997 | -12.0% |
| Financial fixed assets | 28 | €4,716 | €4,716 | = | 0.0% |
| Current assets | 29/58 | €681,724 | €750,400 | +€68,676 | +10.1% |
| Stocks and contracts in progress | 3 | €355,800 | €405,916 | +€50,116 | +14.1% |
| Stocks | 30/36 | €355,800 | €405,916 | +€50,116 | +14.1% |
| Amounts receivable within one year | 40/41 | €270,055 | €284,148 | +€14,093 | +5.2% |
| Trade receivables | 40 | €79,861 | €153,578 | +€73,717 | +92.3% |
| Other amounts receivable | 41 | €190,194 | €130,570 | -€59,623 | -31.3% |
| Cash at bank and in hand | 54/58 | €54,144 | €59,491 | +€5,346 | +9.9% |
| Deferred charges and accrued income | 490/1 | €1,725 | €846 | -€879 | -51.0% |
| Total equity and liabilities | 10/49 | €1,733,615 | €1,686,587 | -€47,028 | -2.7% |
| Equity | 10/15 | €132,047 | €155,947 | +€23,900 | +18.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €134,561 | €93,974 | -€40,587 | -30.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,150 | €23,150 | = | 0.0% |
| Distributable reserves | 133 | €105,214 | €64,626 | -€40,587 | -38.6% |
| Profit (loss) carried forward | 14 | -€64,487 | - | +€64,487 | |
| Amounts payable | 17/49 | €1,601,568 | €1,530,640 | -€70,928 | -4.4% |
| Amounts payable after more than one year | 17 | €690,083 | €604,741 | -€85,342 | -12.4% |
| Financial debts | 170/4 | €690,083 | €604,741 | -€85,342 | -12.4% |
| Amounts payable within one year | 42/48 | €911,484 | €925,899 | +€14,414 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €101,325 | €133,188 | +€31,863 | +31.4% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Other loans | 439 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €556,171 | €607,836 | +€51,665 | +9.3% |
| Suppliers | 440/4 | €556,171 | €607,836 | +€51,665 | +9.3% |
| Taxes, remuneration and social security | 45 | €99,275 | €96,177 | -€3,098 | -3.1% |
| Taxes | 450/3 | €2,719 | €3,899 | +€1,180 | +43.4% |
| Remuneration and social security | 454/9 | €96,556 | €92,278 | -€4,278 | -4.4% |
| Other amounts payable | 47/48 | €104,714 | €38,698 | -€66,016 | -63.0% |
| Remuneration, social security and pensions | 62 | €593,923 | €722,993 | +€129,069 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,020 | €139,268 | -€1,751 | -1.2% |
| Other operating charges | 640/8 | €28,084 | €25,236 | -€2,848 | -10.1% |
| Non-recurring operating charges | 66A | €8,133 | €6,791 | -€1,342 | -16.5% |
| Gross operating margin | 9900 | €874,720 | €972,242 | +€97,522 | +11.1% |
| Operating profit (loss) | 9901 | €103,561 | €77,955 | -€25,605 | -24.7% |
| Financial income | 75/76B | €2,779 | €3,304 | +€525 | +18.9% |
| Recurring financial income | 75 | €2,779 | €3,304 | +€525 | +18.9% |
| Financial charges | 65/66B | €57,912 | €57,258 | -€654 | -1.1% |
| Recurring financial charges | 65 | €57,912 | €57,258 | -€654 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €48,428 | €24,001 | -€24,427 | -50.4% |
| Income taxes | 67/77 | €103 | €102 | -€1 | -1.1% |
| Profit (loss) for the period | 9904 | €48,325 | €23,900 | -€24,425 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,325 | €23,900 | -€24,425 | -50.5% |
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 30 September 2026 via checked.be.