MULTIDOP KUNSTSTOFARTIKELEN: 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.
What changed
MULTIDOP KUNSTSTOFARTIKELEN
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€137,452
2024 · €139,407-€1,955
Equity
€1.6m
2024 · €1.5m+€137,452
Cash
€284,401
2024 · €281,321+€3,080
Balance sheet total
€2.0m
2024 · €2.0m-€23,457
Largest movements
Assets
- Receivables within one year -€54,388
down €54,388 (-11.4%), from €478,597 to €424,209
of which Trade receivables: -€78,172
- Tangible fixed assets +€30,088
up €30,088 (+5.6%), from €537,087 to €567,175
of which Plant, machinery and equipment: +€29,333
Equity and liabilities
- Trade debts -€161,933
down €161,933 (-46.7%), from €346,485 to €184,552
- Reserves +€137,452
up €137,452 (+9.6%), from €1.4m to €1.6m
of which Distributable reserves: +€137,452
- Current portion of long-term debt -€21,925
down €21,925 (-28.8%), from €76,089 to €54,165
- Debts after one year +€21,431
up €21,431 (+134%), from €15,987 to €37,418
Income statement
- Gross operating margin +€21,942
up €21,942 (+2.9%), from €763,967 to €785,909
- Taxes +€15,447
up €15,447 (+34.1%), from €45,363 to €60,810
- Staff costs +€9,900
up €9,900 (+2.0%), from €493,164 to €503,064
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.
Result 2024
€139,407
Gross operating margin
+€21,942
Staff costs
-€9,900
Depreciation
-€2,804
Write-downs
-€3,930
Other operating charges
+€2,548
Financial income
+€4,217
Financial charges
+€1,419
Taxes
-€15,447
Result 2025
€137,452
raises the resultlowers the result
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.
From operations
+€88,570
Investment
-€84,997
Financing
-€494
Cash 2024
€281,321
From operations (derived)
+€88,570
Net result for the year
+€137,452
Depreciation
+€54,909
Stocks and contracts
+€6,862
Receivables within one year
+€54,388
Deferred charges and accrued income
-€4,625
Trade debts
-€161,933
Tax, wage and social debts
+€1,518
Investment (derived)
-€84,997
Investment in fixed assets (net)
-€84,997
Financing
-€494
Debts after one year
+€21,431
Current portion of long-term debt
-€21,925
Cash 2025
€284,401
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,978,960 | €1,955,503 | -€23,457 | -1.2% |
| Fixed assets | 21/28 | €562,077 | €592,165 | +€30,088 | +5.4% |
| Tangible fixed assets | 22/27 | €537,087 | €567,175 | +€30,088 | +5.6% |
| Plant, machinery and equipment | 23 | €129,501 | €158,834 | +€29,333 | +22.7% |
| Furniture and vehicles | 24 | €7,586 | €8,341 | +€755 | +9.9% |
| Other tangible fixed assets | 26 | €400,000 | €400,000 | = | 0.0% |
| Financial fixed assets | 28 | €24,990 | €24,990 | = | 0.0% |
| Current assets | 29/58 | €1,416,883 | €1,363,338 | -€53,545 | -3.8% |
| Amounts receivable after more than one year | 29 | €48,379 | €48,379 | = | 0.0% |
| Other amounts receivable | 291 | €48,379 | €48,379 | = | 0.0% |
| Stocks and contracts in progress | 3 | €598,558 | €591,696 | -€6,862 | -1.1% |
| Stocks | 30/36 | €598,558 | €591,696 | -€6,862 | -1.1% |
| Amounts receivable within one year | 40/41 | €478,597 | €424,209 | -€54,388 | -11.4% |
| Trade receivables | 40 | €278,851 | €200,679 | -€78,172 | -28.0% |
| Other amounts receivable | 41 | €199,746 | €223,531 | +€23,785 | +11.9% |
| Cash at bank and in hand | 54/58 | €281,321 | €284,401 | +€3,080 | +1.1% |
| Deferred charges and accrued income | 490/1 | €10,028 | €14,652 | +€4,625 | +46.1% |
| Total equity and liabilities | 10/49 | €1,978,960 | €1,955,503 | -€23,457 | -1.2% |
| Equity | 10/15 | €1,488,253 | €1,625,705 | +€137,452 | +9.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,426,253 | €1,563,705 | +€137,452 | +9.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,827 | €18,827 | = | 0.0% |
| Distributable reserves | 133 | €1,401,226 | €1,538,678 | +€137,452 | +9.8% |
| Amounts payable | 17/49 | €490,707 | €329,798 | -€160,909 | -32.8% |
| Amounts payable after more than one year | 17 | €15,987 | €37,418 | +€21,431 | +134% |
| Financial debts | 170/4 | €15,987 | €37,418 | +€21,431 | +134% |
| Amounts payable within one year | 42/48 | €474,720 | €292,380 | -€182,340 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €76,089 | €54,165 | -€21,925 | -28.8% |
| Trade debts | 44 | €346,485 | €184,552 | -€161,933 | -46.7% |
| Suppliers | 440/4 | €346,485 | €184,552 | -€161,933 | -46.7% |
| Taxes, remuneration and social security | 45 | €52,146 | €53,664 | +€1,518 | +2.9% |
| Taxes | 450/3 | €7,784 | €9,323 | +€1,539 | +19.8% |
| Remuneration and social security | 454/9 | €44,362 | €44,341 | -€21 | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €493,164 | €503,064 | +€9,900 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,105 | €54,909 | +€2,804 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €124 | €4,054 | +€3,930 | +3,178% |
| Other operating charges | 640/8 | €25,434 | €22,886 | -€2,548 | -10.0% |
| Gross operating margin | 9900 | €763,967 | €785,909 | +€21,942 | +2.9% |
| Operating profit (loss) | 9901 | €193,141 | €200,996 | +€7,855 | +4.1% |
| Financial income | 75/76B | €10,010 | €14,227 | +€4,217 | +42.1% |
| Recurring financial income | 75 | €10,010 | €14,227 | +€4,217 | +42.1% |
| Financial charges | 65/66B | €18,381 | €16,962 | -€1,419 | -7.7% |
| Recurring financial charges | 65 | €18,381 | €16,962 | -€1,419 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €184,770 | €198,261 | +€13,491 | +7.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €45,363 | €60,810 | +€15,447 | +34.1% |
| Profit (loss) for the period | 9904 | €139,407 | €137,452 | -€1,955 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €139,407 | €137,452 | -€1,955 | -1.4% |
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 29 October 2026 via checked.be.