Multico Plus: 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.
Multico Plus
Largest movements
- Tangible fixed assets -€9,512
down €9,512 (-80.6%), from €11,805 to €2,293
- Cash -€9,181
down €9,181 (-31.6%), from €29,095 to €19,914
mainly Other debts (-€44,894) and Deferred charges and accrued income (-€2,078)
- Receivables within one year -€3,490
down €3,490 (-3.5%), from €101,119 to €97,629
of which Trade receivables: -€8,375
- Deferred charges and accrued income +€2,078
up €2,078, from €0 to €2,078
- Other debts -€44,894
down €44,894 (-68.3%), from €65,751 to €20,857
- Reserves +€21,274
up €21,274 (+35.0%), from €60,812 to €82,086
- Trade debts +€3,539
up €3,539 (+58.6%), from €6,041 to €9,580
- Gross operating margin -€29,682
down €29,682 (-43.6%), from €68,008 to €38,326
- Depreciation -€10,932
down €10,932 (-91.2%), from €11,987 to €1,055
- Taxes +€5,250
up €5,250 (+176.0%), from €2,983 to €8,233
- Financial charges -€1,498
down €1,498 (-22.5%), from €6,647 to €5,149
- Other operating charges -€734
down €734 (-49.2%), from €1,492 to €758
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 | €144,789 | €124,684 | -€20,105 | -13.9% |
| Fixed assets | 21/28 | €14,576 | €5,064 | -€9,512 | -65.3% |
| Tangible fixed assets | 22/27 | €11,805 | €2,293 | -€9,512 | -80.6% |
| Furniture and vehicles | 24 | €11,805 | €2,293 | -€9,512 | -80.6% |
| Financial fixed assets | 28 | €2,771 | €2,771 | = | 0.0% |
| Current assets | 29/58 | €130,214 | €119,621 | -€10,593 | -8.1% |
| Amounts receivable within one year | 40/41 | €101,119 | €97,629 | -€3,490 | -3.5% |
| Trade receivables | 40 | €59,441 | €51,066 | -€8,375 | -14.1% |
| Other amounts receivable | 41 | €41,678 | €46,563 | +€4,885 | +11.7% |
| Cash at bank and in hand | 54/58 | €29,095 | €19,914 | -€9,181 | -31.6% |
| Deferred charges and accrued income | 490/1 | €0 | €2,078 | +€2,078 | |
| Total equity and liabilities | 10/49 | €144,789 | €124,684 | -€20,105 | -13.9% |
| Equity | 10/15 | €67,812 | €89,086 | +€21,274 | +31.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €60,812 | €82,086 | +€21,274 | +35.0% |
| Distributable reserves | 133 | €60,812 | €82,086 | +€21,274 | +35.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,977 | €35,599 | -€41,379 | -53.8% |
| Amounts payable within one year | 42/48 | €76,977 | €35,599 | -€41,379 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,041 | €9,580 | +€3,539 | +58.6% |
| Suppliers | 440/4 | €6,041 | €9,580 | +€3,539 | +58.6% |
| Taxes, remuneration and social security | 45 | €5,186 | €5,162 | -€24 | -0.5% |
| Taxes | 450/3 | €686 | €648 | -€38 | -5.5% |
| Remuneration and social security | 454/9 | €4,500 | €4,514 | +€14 | +0.3% |
| Other amounts payable | 47/48 | €65,751 | €20,857 | -€44,894 | -68.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,987 | €1,055 | -€10,932 | -91.2% |
| Other operating charges | 640/8 | €1,492 | €758 | -€734 | -49.2% |
| Gross operating margin | 9900 | €68,008 | €38,326 | -€29,682 | -43.6% |
| Operating profit (loss) | 9901 | €54,528 | €36,513 | -€18,016 | -33.0% |
| Financial income | 75/76B | €609 | €2 | -€607 | -99.6% |
| Recurring financial income | 75 | €609 | €2 | -€607 | -99.6% |
| Financial charges | 65/66B | €6,647 | €5,149 | -€1,498 | -22.5% |
| Recurring financial charges | 65 | €6,647 | €5,149 | -€1,498 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €48,490 | €31,366 | -€17,124 | -35.3% |
| Income taxes | 67/77 | €2,983 | €8,233 | +€5,250 | +176.0% |
| Profit (loss) for the period | 9904 | €45,507 | €23,134 | -€22,374 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,507 | €23,134 | -€22,374 | -49.2% |
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 3 October 2026 via checked.be.