MULTIDENT: 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.
MULTIDENT
Largest movements
- Tangible fixed assets -€421,832
down €421,832 (-64.7%), from €651,560 to €229,728
of which Land and buildings: -€420,794
- Cash +€245,650
up €245,650 (+16096.6%), from €1,526 to €247,176
mainly Investment in fixed assets (net) (+€408,686) and Net result for the year (+€252,932)
- Receivables within one year +€198,981
up €198,981 (+167.0%), from €119,165 to €318,146
- Reserves +€245,000
up €245,000 (+73.9%), from €331,439 to €576,439
of which Distributable reserves: +€245,000
- Debts after one year -€171,991
down €171,991 (-46.0%), from €373,863 to €201,872
- Current portion of long-term debt -€27,025
down €27,025 (-68.3%), from €39,591 to €12,567
- Other debts -€17,001
down €17,001 (-100.0%), from €17,001 to €0
- Tax, wage and social debts -€13,947
down €13,947 (-44.9%), from €31,060 to €17,113
- Gross operating margin +€259,575
up €259,575 (+170.0%), from €152,724 to €412,299
- Taxes +€93,796
up €93,796 (+354.9%), from €26,426 to €120,222
- Depreciation -€32,069
down €32,069 (-70.9%), from €45,216 to €13,146
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 | €842,332 | €865,050 | +€22,718 | +2.7% |
| Fixed assets | 21/28 | €721,560 | €299,728 | -€421,832 | -58.5% |
| Tangible fixed assets | 22/27 | €651,560 | €229,728 | -€421,832 | -64.7% |
| Land and buildings | 22 | €650,522 | €229,728 | -€420,794 | -64.7% |
| Furniture and vehicles | 24 | €1,038 | €0 | -€1,038 | -100.0% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €120,771 | €565,322 | +€444,551 | +368.1% |
| Amounts receivable within one year | 40/41 | €119,165 | €318,146 | +€198,981 | +167.0% |
| Other amounts receivable | 41 | €119,165 | €318,146 | +€198,981 | +167.0% |
| Cash at bank and in hand | 54/58 | €1,526 | €247,176 | +€245,650 | +16096.6% |
| Deferred charges and accrued income | 490/1 | €80 | €0 | -€80 | -100.0% |
| Total equity and liabilities | 10/49 | €842,332 | €865,050 | +€22,718 | +2.7% |
| Equity | 10/15 | €350,039 | €602,970 | +€252,932 | +72.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €331,439 | €576,439 | +€245,000 | +73.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €329,579 | €574,579 | +€245,000 | +74.3% |
| Profit (loss) carried forward | 14 | - | €7,932 | +€7,932 | |
| Amounts payable | 17/49 | €492,293 | €262,080 | -€230,213 | -46.8% |
| Amounts payable after more than one year | 17 | €373,863 | €201,872 | -€171,991 | -46.0% |
| Financial debts | 170/4 | €373,863 | €201,872 | -€171,991 | -46.0% |
| Amounts payable within one year | 42/48 | €118,430 | €60,208 | -€58,222 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €39,591 | €12,567 | -€27,025 | -68.3% |
| Trade debts | 44 | €30,778 | €30,528 | -€250 | -0.8% |
| Suppliers | 440/4 | €30,778 | €30,528 | -€250 | -0.8% |
| Taxes, remuneration and social security | 45 | €31,060 | €17,113 | -€13,947 | -44.9% |
| Taxes | 450/3 | €31,060 | €17,113 | -€13,947 | -44.9% |
| Other amounts payable | 47/48 | €17,001 | €0 | -€17,001 | -100.0% |
| Non-recurring operating income | 76A | €173,414 | €107,887 | -€65,527 | -37.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,216 | €13,146 | -€32,069 | -70.9% |
| Other operating charges | 640/8 | €5,107 | €2,960 | -€2,147 | -42.0% |
| Gross operating margin | 9900 | €152,724 | €412,299 | +€259,575 | +170.0% |
| Operating profit (loss) | 9901 | €102,402 | €396,193 | +€293,792 | +286.9% |
| Financial income | 75/76B | €5,157 | €2,426 | -€2,731 | -53.0% |
| Recurring financial income | 75 | €5,157 | €2,426 | -€2,731 | -53.0% |
| Financial charges | 65/66B | €26,674 | €25,466 | -€1,208 | -4.5% |
| Recurring financial charges | 65 | €26,674 | €25,466 | -€1,208 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €80,885 | €373,154 | +€292,269 | +361.3% |
| Income taxes | 67/77 | €26,426 | €120,222 | +€93,796 | +354.9% |
| Profit (loss) for the period | 9904 | €54,459 | €252,932 | +€198,473 | +364.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,459 | €252,932 | +€198,473 | +364.4% |
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 28 September 2026 via checked.be.