MULTIBLOCS: 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.
MULTIBLOCS
Largest movements
- Receivables within one year +€394,777
up €394,777 (+40.6%), from €973,432 to €1.4m
of which Other amounts receivable: +€428,131
- Cash -€316,466
down €316,466 (-31.0%), from €1.0m to €705,008
mainly Receivables within one year (-€394,777) and Contributions, distributions and other (-€241,908)
- Tangible fixed assets -€25,117
down €25,117 (-44.8%), from €56,121 to €31,004
of which Furniture and vehicles: -€24,394
- Deferred charges and accrued income -€23,217
down €23,217 (-76.6%), from €30,312 to €7,095
- Other debts +€241,049
up €241,049 (+28061.6%), from €859 to €241,908
- Reserves -€149,708
down €149,708 (-8.6%), from €1.7m to €1.6m
of which Tax-exempt reserves: -€87,500
- Profit (loss) carried forward -€91,908
down €91,908 (-100.0%), from €91,908 to €0
- Tax, wage and social debts +€35,839
up €35,839 (+21.6%), from €166,178 to €202,017
of which Taxes: +€49,740
- Gross operating margin -€1.9m
down €1.9m (-97.6%), from €1.9m to €46,432
- Taxes -€477,078
down €477,078 (-91.7%), from €520,277 to €43,199
- Staff costs -€174,245
down €174,245 (-98.3%), from €177,199 to €2,954
- Financial income +€32,052
up €32,052 (+134.1%), from €23,893 to €55,945
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 | €2,089,421 | €2,114,151 | +€24,730 | +1.2% |
| Fixed assets | 21/28 | €59,056 | €33,839 | -€25,217 | -42.7% |
| Tangible fixed assets | 22/27 | €56,121 | €31,004 | -€25,117 | -44.8% |
| Land and buildings | 22 | €16,458 | €16,458 | = | 0.0% |
| Plant, machinery and equipment | 23 | €724 | €0 | -€724 | -100.0% |
| Furniture and vehicles | 24 | €38,939 | €14,545 | -€24,394 | -62.6% |
| Financial fixed assets | 28 | €2,935 | €2,835 | -€100 | -3.4% |
| Current assets | 29/58 | €2,030,365 | €2,080,312 | +€49,947 | +2.5% |
| Stocks and contracts in progress | 3 | €5,147 | €0 | -€5,147 | -100.0% |
| Stocks | 30/36 | €5,147 | €0 | -€5,147 | -100.0% |
| Amounts receivable within one year | 40/41 | €973,432 | €1,368,209 | +€394,777 | +40.6% |
| Trade receivables | 40 | €149,465 | €116,111 | -€33,354 | -22.3% |
| Other amounts receivable | 41 | €823,967 | €1,252,098 | +€428,131 | +52.0% |
| Cash at bank and in hand | 54/58 | €1,021,474 | €705,008 | -€316,466 | -31.0% |
| Deferred charges and accrued income | 490/1 | €30,312 | €7,095 | -€23,217 | -76.6% |
| Total equity and liabilities | 10/49 | €2,089,421 | €2,114,151 | +€24,730 | +1.2% |
| Equity | 10/15 | €1,902,847 | €1,661,231 | -€241,616 | -12.7% |
| Contributions | 10/11 | €62,023 | €62,023 | = | 0.0% |
| Capital | 10 | €62,023 | €62,023 | = | 0.0% |
| Issued capital | 100 | €62,023 | €62,023 | = | 0.0% |
| Reserves | 13 | €1,748,916 | €1,599,208 | -€149,708 | -8.6% |
| Non-distributable reserves | 130/1 | €6,202 | €6,202 | = | 0.0% |
| Legal reserve | 130 | €6,202 | €6,202 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,500 | €0 | -€87,500 | -100.0% |
| Distributable reserves | 133 | €1,655,214 | €1,593,006 | -€62,208 | -3.8% |
| Profit (loss) carried forward | 14 | €91,908 | €0 | -€91,908 | -100.0% |
| Amounts payable | 17/49 | €186,574 | €452,920 | +€266,346 | +142.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €183,957 | €452,920 | +€268,963 | +146.2% |
| Current portion of amounts payable after more than one year | 42 | €15,515 | €0 | -€15,515 | -100.0% |
| Trade debts | 44 | €1,405 | €8,995 | +€7,590 | +540.3% |
| Suppliers | 440/4 | €1,405 | €8,995 | +€7,590 | +540.3% |
| Taxes, remuneration and social security | 45 | €166,178 | €202,017 | +€35,839 | +21.6% |
| Taxes | 450/3 | €152,277 | €202,017 | +€49,740 | +32.7% |
| Remuneration and social security | 454/9 | €13,901 | €0 | -€13,901 | -100.0% |
| Other amounts payable | 47/48 | €859 | €241,908 | +€241,049 | +28061.6% |
| Accrued charges and deferred income | 492/3 | €2,617 | €0 | -€2,617 | -100.0% |
| Remuneration, social security and pensions | 62 | €177,199 | €2,954 | -€174,245 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,618 | €25,117 | -€3,501 | -12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €38,261 | €28,543 | -€9,718 | -25.4% |
| Non-recurring operating charges | 66A | €1,202 | €0 | -€1,202 | -100.0% |
| Gross operating margin | 9900 | €1,935,664 | €46,432 | -€1.9m | -97.6% |
| Operating profit (loss) | 9901 | €1,690,384 | -€10,182 | -€1.7m | |
| Financial income | 75/76B | €23,893 | €55,945 | +€32,052 | +134.1% |
| Recurring financial income | 75 | €23,893 | €55,945 | +€32,052 | +134.1% |
| Financial charges | 65/66B | €10,677 | €2,272 | -€8,404 | -78.7% |
| Recurring financial charges | 65 | €10,677 | €2,272 | -€8,404 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €1,703,601 | €43,491 | -€1.7m | -97.4% |
| Income taxes | 67/77 | €520,277 | €43,199 | -€477,078 | -91.7% |
| Profit (loss) for the period | 9904 | €1,183,324 | €292 | -€1.2m | -100.0% |
| Transfer from tax-exempt reserves | 789 | - | €87,500 | +€87,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,183,324 | €87,792 | -€1.1m | -92.6% |
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 2 October 2026 via checked.be.