MULTIDUB: 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.
MULTIDUB
Largest movements
- Financial fixed assets +€500,000
up €500,000 (+89.1%), from €561,292 to €1.1m
- Receivables within one year +€14,376
up €14,376 (+36.2%), from €39,705 to €54,081
of which Trade receivables: +€14,866
- Other debts +€518,890
up €518,890 (+179.2%), from €289,610 to €808,501
- Debts after one year -€42,857
down €42,857 (-80.0%), from €53,572 to €10,715
- Advances received +€18,710
up €18,710 (+47.5%), from €39,400 to €58,110
- Financial charges -€1,104
down €1,104 (-6.8%), from €16,309 to €15,206
- Taxes +€491
up €491 (+8.2%), from €5,968 to €6,459
- Gross operating margin +€454
up €454 (+1.1%), from €40,571 to €41,024
- Other operating charges -€450
down €450 (-36.9%), from €1,221 to €771
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 | €616,180 | €1,122,953 | +€506,773 | +82.2% |
| Fixed assets | 21/28 | €564,492 | €1,064,492 | +€500,000 | +88.6% |
| Tangible fixed assets | 22/27 | €3,200 | €3,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,200 | €3,200 | = | 0.0% |
| Financial fixed assets | 28 | €561,292 | €1,061,292 | +€500,000 | +89.1% |
| Current assets | 29/58 | €51,688 | €58,461 | +€6,773 | +13.1% |
| Amounts receivable within one year | 40/41 | €39,705 | €54,081 | +€14,376 | +36.2% |
| Trade receivables | 40 | €30,645 | €45,511 | +€14,866 | +48.5% |
| Other amounts receivable | 41 | €9,060 | €8,570 | -€490 | -5.4% |
| Cash at bank and in hand | 54/58 | €10,000 | €2,319 | -€7,681 | -76.8% |
| Deferred charges and accrued income | 490/1 | €1,983 | €2,061 | +€78 | +3.9% |
| Total equity and liabilities | 10/49 | €616,180 | €1,122,953 | +€506,773 | +82.2% |
| Equity | 10/15 | €151,397 | €170,012 | +€18,615 | +12.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €130,000 | €140,000 | +€10,000 | +7.7% |
| Distributable reserves | 133 | €130,000 | €140,000 | +€10,000 | +7.7% |
| Profit (loss) carried forward | 14 | €1,397 | €10,012 | +€8,615 | +616.7% |
| Amounts payable | 17/49 | €464,783 | €952,941 | +€488,158 | +105.0% |
| Amounts payable after more than one year | 17 | €53,572 | €10,715 | -€42,857 | -80.0% |
| Financial debts | 170/4 | €53,572 | €10,715 | -€42,857 | -80.0% |
| Amounts payable within one year | 42/48 | €397,498 | €930,459 | +€532,961 | +134.1% |
| Current portion of amounts payable after more than one year | 42 | €43,773 | €42,857 | -€916 | -2.1% |
| Financial debts | 43 | €5,132 | €5,106 | -€25 | -0.5% |
| Credit institutions | 430/8 | €5,132 | €5,106 | -€25 | -0.5% |
| Trade debts | 44 | €6,381 | €4,960 | -€1,421 | -22.3% |
| Suppliers | 440/4 | €6,381 | €4,960 | -€1,421 | -22.3% |
| Advances received on contracts in progress | 46 | €39,400 | €58,110 | +€18,710 | +47.5% |
| Taxes, remuneration and social security | 45 | €13,202 | €10,925 | -€2,278 | -17.3% |
| Taxes | 450/3 | €7,480 | €8,122 | +€642 | +8.6% |
| Remuneration and social security | 454/9 | €5,722 | €2,803 | -€2,919 | -51.0% |
| Other amounts payable | 47/48 | €289,610 | €808,501 | +€518,890 | +179.2% |
| Accrued charges and deferred income | 492/3 | €13,713 | €11,767 | -€1,946 | -14.2% |
| Other operating charges | 640/8 | €1,221 | €771 | -€450 | -36.9% |
| Gross operating margin | 9900 | €40,571 | €41,024 | +€454 | +1.1% |
| Operating profit (loss) | 9901 | €39,350 | €40,254 | +€904 | +2.3% |
| Financial income | 75/76B | €7 | €27 | +€20 | +281.0% |
| Recurring financial income | 75 | €7 | €27 | +€20 | +281.0% |
| Financial charges | 65/66B | €16,309 | €15,206 | -€1,104 | -6.8% |
| Recurring financial charges | 65 | €16,309 | €15,206 | -€1,104 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €23,047 | €25,074 | +€2,027 | +8.8% |
| Income taxes | 67/77 | €5,968 | €6,459 | +€491 | +8.2% |
| Profit (loss) for the period | 9904 | €17,079 | €18,615 | +€1,536 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,079 | €18,615 | +€1,536 | +9.0% |
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 11 October 2026 via checked.be.