Multicall Group: 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.
Multicall Group
Largest movements
- Deferred charges and accrued income +€100,000
new in 2025: €100,000
- Cash +€24,547
up €24,547 (+542.6%), from €4,524 to €29,071
mainly Net result for the year (+€106,931) and Other debts (+€10,499)
- Receivables within one year -€9,204
down €9,204 (-33.1%), from €27,787 to €18,583
of which Trade receivables: -€9,225
- Reserves +€106,931
up €106,931 (+3211.9%), from €3,329 to €110,260
- Other debts +€10,499
up €10,499 (+2.5%), from €422,796 to €433,295
- Financial income +€100,000
up €100,000 (+166666566.7%), from €0 to €100,000
- Gross operating margin +€8,420
up €8,420 (+60.6%), from €13,900 to €22,320
- Financial charges +€7,667
up €7,667 (+152.5%), from €5,028 to €12,695
- Taxes +€446
up €446 (+26.2%), from €1,704 to €2,150
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 | €486,823 | €602,167 | +€115,344 | +23.7% |
| Fixed assets | 21/28 | €454,512 | €454,512 | = | 0.0% |
| Financial fixed assets | 28 | €454,512 | €454,512 | = | 0.0% |
| Current assets | 29/58 | €32,311 | €147,654 | +€115,344 | +357.0% |
| Amounts receivable within one year | 40/41 | €27,787 | €18,583 | -€9,204 | -33.1% |
| Trade receivables | 40 | €27,754 | €18,530 | -€9,225 | -33.2% |
| Other amounts receivable | 41 | €32 | €54 | +€21 | +65.0% |
| Cash at bank and in hand | 54/58 | €4,524 | €29,071 | +€24,547 | +542.6% |
| Deferred charges and accrued income | 490/1 | - | €100,000 | +€100,000 | |
| Total equity and liabilities | 10/49 | €486,823 | €602,167 | +€115,344 | +23.7% |
| Equity | 10/15 | €53,329 | €160,260 | +€106,931 | +200.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €3,329 | €110,260 | +€106,931 | +3211.9% |
| Distributable reserves | 133 | €3,329 | €110,260 | +€106,931 | +3211.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €433,494 | €441,906 | +€8,412 | +1.9% |
| Amounts payable within one year | 42/48 | €433,494 | €441,893 | +€8,399 | +1.9% |
| Trade debts | 44 | €2,994 | €1,269 | -€1,725 | -57.6% |
| Suppliers | 440/4 | €2,994 | €1,269 | -€1,725 | -57.6% |
| Taxes, remuneration and social security | 45 | €7,703 | €7,330 | -€374 | -4.9% |
| Taxes | 450/3 | €7,703 | €7,330 | -€374 | -4.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €422,796 | €433,295 | +€10,499 | +2.5% |
| Accrued charges and deferred income | 492/3 | €0 | €13 | +€13 | |
| Other operating charges | 640/8 | €603 | €544 | -€59 | -9.7% |
| Gross operating margin | 9900 | €13,900 | €22,320 | +€8,420 | +60.6% |
| Operating profit (loss) | 9901 | €13,298 | €21,776 | +€8,479 | +63.8% |
| Financial income | 75/76B | €0 | €100,000 | +€100,000 | +166666566.7% |
| Recurring financial income | 75 | €0 | €100,000 | +€100,000 | +166666566.7% |
| Financial charges | 65/66B | €5,028 | €12,695 | +€7,667 | +152.5% |
| Recurring financial charges | 65 | €5,028 | €12,695 | +€7,667 | +152.5% |
| Profit (loss) for the period before taxes | 9903 | €8,270 | €109,081 | +€100,811 | +1219.1% |
| Income taxes | 67/77 | €1,704 | €2,150 | +€446 | +26.2% |
| Profit (loss) for the period | 9904 | €6,565 | €106,931 | +€100,366 | +1528.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,565 | €106,931 | +€100,366 | +1528.7% |
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 11 October 2026 via checked.be.