MULTICO 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.
MULTICO Group
Largest movements
- Tangible fixed assets -€26,441
down €26,441 (-9.2%), from €287,347 to €260,906
of which Land and buildings: -€13,725
- Stocks and contracts +€26,164
up €26,164 (+922.4%), from €2,836 to €29,000
- Receivables within one year -€14,758
down €14,758 (-19.0%), from €77,532 to €62,774
of which Trade receivables: -€14,803
- Other debts +€20,041
up €20,041 (+105.7%), from €18,957 to €38,998
- Debts after one year -€14,223
down €14,223 (-5.4%), from €265,345 to €251,123
- Trade debts -€12,395
down €12,395 (-24.6%), from €50,399 to €38,004
- Profit (loss) carried forward -€12,261
down €12,261 (-176.8%), from -€6,934 to -€19,196
- Gross operating margin -€14,059
down €14,059 (-29.0%), from €48,471 to €34,412
- Depreciation -€11,820
down €11,820 (-37.1%), from €31,826 to €20,006
- Other operating charges +€3,081
up €3,081 (+66.6%), from €4,629 to €7,710
- Financial charges +€1,001
up €1,001 (+8.9%), from €11,226 to €12,227
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,040 | €354,184 | -€13,856 | -3.8% |
| Fixed assets | 21/28 | €287,347 | €260,906 | -€26,441 | -9.2% |
| Tangible fixed assets | 22/27 | €287,347 | €260,906 | -€26,441 | -9.2% |
| Land and buildings | 22 | €256,663 | €242,938 | -€13,725 | -5.3% |
| Plant, machinery and equipment | 23 | €16,379 | €12,723 | -€3,656 | -22.3% |
| Furniture and vehicles | 24 | €14,305 | €5,246 | -€9,060 | -63.3% |
| Current assets | 29/58 | €80,693 | €93,278 | +€12,585 | +15.6% |
| Stocks and contracts in progress | 3 | €2,836 | €29,000 | +€26,164 | +922.4% |
| Stocks | 30/36 | €2,836 | €29,000 | +€26,164 | +922.4% |
| Amounts receivable within one year | 40/41 | €77,532 | €62,774 | -€14,758 | -19.0% |
| Trade receivables | 40 | €73,964 | €59,160 | -€14,803 | -20.0% |
| Other amounts receivable | 41 | €3,569 | €3,614 | +€45 | +1.3% |
| Cash at bank and in hand | 54/58 | €325 | €745 | +€421 | +129.5% |
| Deferred charges and accrued income | 490/1 | - | €759 | +€759 | |
| Total equity and liabilities | 10/49 | €368,040 | €354,184 | -€13,856 | -3.8% |
| Equity | 10/15 | €13,526 | €1,264 | -€12,261 | -90.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,934 | -€19,196 | -€12,261 | -176.8% |
| Amounts payable | 17/49 | €354,514 | €352,919 | -€1,595 | -0.4% |
| Amounts payable after more than one year | 17 | €265,345 | €251,123 | -€14,223 | -5.4% |
| Financial debts | 170/4 | €265,345 | €251,123 | -€14,223 | -5.4% |
| Amounts payable within one year | 42/48 | €89,169 | €101,797 | +€12,628 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €13,877 | €17,235 | +€3,358 | +24.2% |
| Financial debts | 43 | €1,483 | €1,642 | +€159 | +10.7% |
| Credit institutions | 430/8 | €1,483 | €1,642 | +€159 | +10.7% |
| Trade debts | 44 | €50,399 | €38,004 | -€12,395 | -24.6% |
| Suppliers | 440/4 | €50,399 | €38,004 | -€12,395 | -24.6% |
| Advances received on contracts in progress | 46 | €2,600 | €2,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,853 | €3,318 | +€1,465 | +79.1% |
| Taxes | 450/3 | €1,853 | €3,318 | +€1,465 | +79.1% |
| Other amounts payable | 47/48 | €18,957 | €38,998 | +€20,041 | +105.7% |
| Non-recurring operating income | 76A | - | €23,207 | +€23,207 | |
| Remuneration, social security and pensions | 62 | €90 | €0 | -€90 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,826 | €20,006 | -€11,820 | -37.1% |
| Other operating charges | 640/8 | €4,629 | €7,710 | +€3,081 | +66.6% |
| Non-recurring operating charges | 66A | - | €6,228 | +€6,228 | |
| Gross operating margin | 9900 | €48,471 | €34,412 | -€14,059 | -29.0% |
| Operating profit (loss) | 9901 | €11,927 | €467 | -€11,459 | -96.1% |
| Financial income | 75/76B | €90 | €55 | -€35 | -39.1% |
| Recurring financial income | 75 | €90 | €55 | -€35 | -39.1% |
| Financial charges | 65/66B | €11,226 | €12,227 | +€1,001 | +8.9% |
| Recurring financial charges | 65 | €11,226 | €12,227 | +€1,001 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €791 | -€11,704 | -€12,496 | |
| Income taxes | 67/77 | €582 | €557 | -€25 | -4.2% |
| Profit (loss) for the period | 9904 | €209 | -€12,261 | -€12,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €209 | -€12,261 | -€12,471 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.