MULTIFIL: 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.
MULTIFIL
Largest movements
- Cash +€67,517
up €67,517 (+16.8%), from €401,630 to €469,147
mainly Net result for the year (+€69,208) and Trade debts (+€49,361)
- Intangible fixed assets +€11,905
up €11,905 (+118%), from €10,075 to €21,980
- Stocks and contracts +€10,319
up €10,319 (+48.3%), from €21,361 to €31,680
- Reserves +€69,208
up €69,208 (+11.1%), from €622,829 to €692,037
- Trade debts +€49,361
up €49,361 (+33.3%), from €148,165 to €197,526
- Debts after one year -€40,000
down €40,000 (-100%), from €40,000 to €0
- Gross operating margin +€21,547
up €21,547 (+18.9%), from €114,238 to €135,785
- Other operating charges +€9,327
up €9,327 (+711%), from €1,311 to €10,638
- Depreciation +€6,112
up €6,112 (+40.2%), from €15,221 to €21,332
- Financial income -€5,031
down €5,031 (-11.9%), from €42,208 to €37,177
- Financial charges -€2,391
down €2,391 (-6.1%), from €39,192 to €36,802
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 | €842,942 | €917,484 | +€74,542 | +8.8% |
| Fixed assets | 21/28 | €125,141 | €129,876 | +€4,735 | +3.8% |
| Intangible fixed assets | 21 | €10,075 | €21,980 | +€11,905 | +118% |
| Tangible fixed assets | 22/27 | €115,006 | €107,837 | -€7,169 | -6.2% |
| Furniture and vehicles | 24 | €1,799 | €696 | -€1,103 | -61.3% |
| Other tangible fixed assets | 26 | €113,207 | €107,140 | -€6,067 | -5.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €717,801 | €787,608 | +€69,807 | +9.7% |
| Stocks and contracts in progress | 3 | €21,361 | €31,680 | +€10,319 | +48.3% |
| Stocks | 30/36 | €21,361 | €31,680 | +€10,319 | +48.3% |
| Amounts receivable within one year | 40/41 | €292,205 | €283,162 | -€9,043 | -3.1% |
| Trade receivables | 40 | €248,845 | €246,056 | -€2,789 | -1.1% |
| Other amounts receivable | 41 | €43,359 | €37,106 | -€6,254 | -14.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €401,630 | €469,147 | +€67,517 | +16.8% |
| Deferred charges and accrued income | 490/1 | €2,605 | €3,619 | +€1,013 | +38.9% |
| Total equity and liabilities | 10/49 | €842,942 | €917,484 | +€74,542 | +8.8% |
| Equity | 10/15 | €641,429 | €710,637 | +€69,208 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €622,829 | €692,037 | +€69,208 | +11.1% |
| Distributable reserves | 133 | €622,829 | €692,037 | +€69,208 | +11.1% |
| Amounts payable | 17/49 | €201,513 | €206,847 | +€5,334 | +2.6% |
| Amounts payable after more than one year | 17 | €40,000 | €0 | -€40,000 | -100% |
| Other amounts payable | 178/9 | €40,000 | €0 | -€40,000 | -100% |
| Amounts payable within one year | 42/48 | €159,913 | €205,247 | +€45,334 | +28.3% |
| Trade debts | 44 | €148,165 | €197,526 | +€49,361 | +33.3% |
| Suppliers | 440/4 | €148,165 | €197,526 | +€49,361 | +33.3% |
| Taxes, remuneration and social security | 45 | €7,253 | €6,921 | -€332 | -4.6% |
| Taxes | 450/3 | €7,253 | €6,921 | -€332 | -4.6% |
| Other amounts payable | 47/48 | €4,495 | €800 | -€3,695 | -82.2% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,221 | €21,332 | +€6,112 | +40.2% |
| Other operating charges | 640/8 | €1,311 | €10,638 | +€9,327 | +711% |
| Gross operating margin | 9900 | €114,238 | €135,785 | +€21,547 | +18.9% |
| Operating profit (loss) | 9901 | €97,706 | €103,814 | +€6,108 | +6.3% |
| Financial income | 75/76B | €42,208 | €37,177 | -€5,031 | -11.9% |
| Recurring financial income | 75 | €42,208 | €37,177 | -€5,031 | -11.9% |
| Financial charges | 65/66B | €39,192 | €36,802 | -€2,391 | -6.1% |
| Recurring financial charges | 65 | €39,192 | €36,802 | -€2,391 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €100,721 | €104,189 | +€3,468 | +3.4% |
| Income taxes | 67/77 | €32,740 | €34,981 | +€2,240 | +6.8% |
| Profit (loss) for the period | 9904 | €67,981 | €69,208 | +€1,227 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,981 | €69,208 | +€1,227 | +1.8% |
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 17 October 2026 via checked.be.