MULTICOMPANY: 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.
MULTICOMPANY
Largest movements
- Tangible fixed assets -€7,297
down €7,297 (-3.0%), from €245,709 to €238,412
of which Furniture and vehicles: -€11,031
- Receivables within one year -€5,970
down €5,970 (-19.1%), from €31,260 to €25,290
of which Trade receivables: -€5,500
- Reserves -€45,000
down €45,000 (-30.1%), from €149,334 to €104,334
- Other debts +€44,895
up €44,895 (+14,327%), from €313 to €45,208
- Debts after one year -€27,416
down €27,416 (-31.7%), from €86,609 to €59,193
- Tax, wage and social debts +€13,005
up €13,005 (+68.5%), from €18,986 to €31,992
of which Remuneration and social security: +€13,431
- Gross operating margin -€31,353
down €31,353 (-11.1%), from €282,284 to €250,932
- Other operating charges +€8,769
up €8,769 (+148%), from €5,908 to €14,678
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.
Derived cash bridge
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 | €315,794 | €303,424 | -€12,370 | -3.9% |
| Fixed assets | 21/28 | €245,709 | €238,412 | -€7,297 | -3.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €245,709 | €238,412 | -€7,297 | -3.0% |
| Land and buildings | 22 | €137,987 | €141,930 | +€3,942 | +2.9% |
| Plant, machinery and equipment | 23 | €13,509 | €13,301 | -€208 | -1.5% |
| Furniture and vehicles | 24 | €94,213 | €83,182 | -€11,031 | -11.7% |
| Current assets | 29/58 | €70,084 | €65,012 | -€5,073 | -7.2% |
| Amounts receivable within one year | 40/41 | €31,260 | €25,290 | -€5,970 | -19.1% |
| Trade receivables | 40 | €20,138 | €14,638 | -€5,500 | -27.3% |
| Other amounts receivable | 41 | €11,122 | €10,652 | -€470 | -4.2% |
| Cash at bank and in hand | 54/58 | €36,925 | €37,268 | +€343 | +0.9% |
| Deferred charges and accrued income | 490/1 | €1,899 | €2,453 | +€554 | +29.2% |
| Total equity and liabilities | 10/49 | €315,794 | €303,424 | -€12,370 | -3.9% |
| Equity | 10/15 | €169,794 | €122,448 | -€47,346 | -27.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €149,334 | €104,334 | -€45,000 | -30.1% |
| Distributable reserves | 133 | €149,334 | €104,334 | -€45,000 | -30.1% |
| Profit (loss) carried forward | 14 | - | -€2,346 | -€2,346 | |
| Amounts payable | 17/49 | €146,000 | €180,976 | +€34,977 | +24.0% |
| Amounts payable after more than one year | 17 | €86,609 | €59,193 | -€27,416 | -31.7% |
| Financial debts | 170/4 | €86,609 | €59,193 | -€27,416 | -31.7% |
| Amounts payable within one year | 42/48 | €59,391 | €121,783 | +€62,393 | +105% |
| Current portion of amounts payable after more than one year | 42 | €24,274 | €26,465 | +€2,191 | +9.0% |
| Trade debts | 44 | €15,817 | €18,119 | +€2,301 | +14.6% |
| Suppliers | 440/4 | €15,817 | €18,119 | +€2,301 | +14.6% |
| Taxes, remuneration and social security | 45 | €18,986 | €31,992 | +€13,005 | +68.5% |
| Taxes | 450/3 | €425 | - | -€425 | |
| Remuneration and social security | 454/9 | €18,561 | €31,992 | +€13,431 | +72.4% |
| Other amounts payable | 47/48 | €313 | €45,208 | +€44,895 | +14,327% |
| Remuneration, social security and pensions | 62 | €196,411 | €196,224 | -€187 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,835 | €34,454 | +€2,619 | +8.2% |
| Other operating charges | 640/8 | €5,908 | €14,678 | +€8,769 | +148% |
| Gross operating margin | 9900 | €282,284 | €250,932 | -€31,353 | -11.1% |
| Operating profit (loss) | 9901 | €48,130 | €5,575 | -€42,554 | -88.4% |
| Financial income | 75/76B | €585 | €750 | +€165 | +28.1% |
| Recurring financial income | 75 | €585 | €750 | +€165 | +28.1% |
| Financial charges | 65/66B | €6,289 | €8,397 | +€2,108 | +33.5% |
| Recurring financial charges | 65 | €6,289 | €8,397 | +€2,108 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €42,426 | -€2,072 | -€44,498 | |
| Income taxes | 67/77 | €1,415 | €274 | -€1,142 | -80.7% |
| Profit (loss) for the period | 9904 | €41,010 | -€2,346 | -€43,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,010 | -€2,346 | -€43,356 |
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 14 October 2026 via checked.be.