MULTICORE: 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.
MULTICORE
Largest movements
- Receivables within one year -€25,667
down €25,667 (-98.9%), from €25,954 to €288
of which Other amounts receivable: -€19,612
- Cash -€3,628
down €3,628 (-40.7%), from €8,922 to €5,293
mainly Contributions, distributions and other (-€14,500) and Net result for the year (-€12,504)
- Deferred charges and accrued income +€2,347
up €2,347 (+127.7%), from €1,838 to €4,185
- Tangible fixed assets -€2,117
down €2,117 (-35.6%), from €5,946 to €3,829
of which Other tangible fixed assets: -€1,397
- Stocks and contracts -€1,339
no longer reported in 2025 (was €1,339)
- Reserves -€16,743
no longer reported in 2025 (was €16,743)
of which Distributable reserves: -€14,883
- Profit (loss) carried forward -€10,261
new in 2025: -€10,261
- Trade debts -€3,694
down €3,694 (-93.3%), from €3,959 to €265
- Gross operating margin -€25,935
down €25,935, from €17,734 to -€8,201
- Taxes -€4,402
down €4,402 (-93.7%), from €4,696 to €295
- Financial income -€790
no longer reported in 2025 (was €790)
- Other operating charges -€754
down €754 (-64.9%), from €1,162 to €408
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 | €43,998 | €13,595 | -€30,404 | -69.1% |
| Fixed assets | 21/28 | €5,946 | €3,829 | -€2,117 | -35.6% |
| Tangible fixed assets | 22/27 | €5,946 | €3,829 | -€2,117 | -35.6% |
| Furniture and vehicles | 24 | €1,473 | €753 | -€720 | -48.9% |
| Other tangible fixed assets | 26 | €4,473 | €3,076 | -€1,397 | -31.2% |
| Current assets | 29/58 | €38,052 | €9,766 | -€28,287 | -74.3% |
| Stocks and contracts in progress | 3 | €1,339 | - | -€1,339 | |
| Stocks | 30/36 | €1,339 | - | -€1,339 | |
| Amounts receivable within one year | 40/41 | €25,954 | €288 | -€25,667 | -98.9% |
| Trade receivables | 40 | €6,055 | - | -€6,055 | |
| Other amounts receivable | 41 | €19,900 | €288 | -€19,612 | -98.6% |
| Cash at bank and in hand | 54/58 | €8,922 | €5,293 | -€3,628 | -40.7% |
| Deferred charges and accrued income | 490/1 | €1,838 | €4,185 | +€2,347 | +127.7% |
| Total equity and liabilities | 10/49 | €43,998 | €13,595 | -€30,404 | -69.1% |
| Equity | 10/15 | €35,343 | €8,339 | -€27,004 | -76.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,743 | - | -€16,743 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €14,883 | - | -€14,883 | |
| Profit (loss) carried forward | 14 | - | -€10,261 | -€10,261 | |
| Amounts payable | 17/49 | €8,655 | €5,256 | -€3,399 | -39.3% |
| Amounts payable within one year | 42/48 | €8,655 | €5,256 | -€3,399 | -39.3% |
| Trade debts | 44 | €3,959 | €265 | -€3,694 | -93.3% |
| Suppliers | 440/4 | €3,959 | €265 | -€3,694 | -93.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,696 | €4,991 | +€295 | +6.3% |
| Taxes | 450/3 | €4,696 | €4,991 | +€295 | +6.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,164 | €2,117 | -€47 | -2.2% |
| Other operating charges | 640/8 | €1,162 | €408 | -€754 | -64.9% |
| Gross operating margin | 9900 | €17,734 | -€8,201 | -€25,935 | |
| Operating profit (loss) | 9901 | €14,408 | -€10,726 | -€25,134 | |
| Financial income | 75/76B | €790 | - | -€790 | |
| Recurring financial income | 75 | €790 | - | -€790 | |
| Financial charges | 65/66B | €1,609 | €1,483 | -€125 | -7.8% |
| Recurring financial charges | 65 | €1,609 | €1,483 | -€125 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €13,589 | -€12,209 | -€25,798 | |
| Income taxes | 67/77 | €4,696 | €295 | -€4,402 | -93.7% |
| Profit (loss) for the period | 9904 | €8,893 | -€12,504 | -€21,397 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,893 | -€12,504 | -€21,397 |
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 10 October 2026 via checked.be.