Multifins: what changed
Multifins
Largest movements
- Receivables within one year -€8,579
down €8,579 (-35.2%), from €24,382 to €15,803
of which Other amounts receivable: -€10,102
- Cash -€1,297
down €1,297 (-42.3%), from €3,063 to €1,766
mainly Trade debts (-€5,772) and Tax, wage and social debts (-€3,401)
- Trade debts -€5,772
down €5,772 (-76.7%), from €7,528 to €1,756
- Tax, wage and social debts -€3,401
down €3,401 (-64.8%), from €5,248 to €1,847
of which Taxes: -€2,751
- Profit (loss) carried forward -€1,021
down €1,021 (-10.2%), from €9,979 to €8,959
- Other operating charges +€401
up €401 (+73.1%), from €548 to €949
- Gross operating margin -€323
down €323 (-318%), from -€102 to -€425
- Financial income -€210
down €210 (-19.9%), from €1,060 to €849
- Taxes -€160
down €160 (-44.8%), from €357 to €197
- Depreciation -€132
no longer reported in 2025 (was €132)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,920 | €17,726 | -€10,194 | -36.5% |
| Fixed assets | 21/28 | €76 | - | -€76 | |
| Tangible fixed assets | 22/27 | €76 | - | -€76 | |
| Plant, machinery and equipment | 23 | €76 | - | -€76 | |
| Current assets | 29/58 | €27,844 | €17,726 | -€10,118 | -36.3% |
| Amounts receivable within one year | 40/41 | €24,382 | €15,803 | -€8,579 | -35.2% |
| Trade receivables | 40 | €2,089 | €3,612 | +€1,523 | +72.9% |
| Other amounts receivable | 41 | €22,293 | €12,191 | -€10,102 | -45.3% |
| Cash at bank and in hand | 54/58 | €3,063 | €1,766 | -€1,297 | -42.3% |
| Deferred charges and accrued income | 490/1 | €399 | €157 | -€242 | -60.6% |
| Total equity and liabilities | 10/49 | €27,920 | €17,726 | -€10,194 | -36.5% |
| Equity | 10/15 | €15,144 | €14,123 | -€1,021 | -6.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,164 | €2,164 | = | 0.0% |
| Distributable reserves | 133 | €2,164 | €2,164 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,979 | €8,959 | -€1,021 | -10.2% |
| Amounts payable | 17/49 | €12,776 | €3,603 | -€9,173 | -71.8% |
| Amounts payable within one year | 42/48 | €12,776 | €3,603 | -€9,173 | -71.8% |
| Trade debts | 44 | €7,528 | €1,756 | -€5,772 | -76.7% |
| Suppliers | 440/4 | €7,528 | €1,756 | -€5,772 | -76.7% |
| Taxes, remuneration and social security | 45 | €5,248 | €1,847 | -€3,401 | -64.8% |
| Taxes | 450/3 | €2,948 | €197 | -€2,751 | -93.3% |
| Remuneration and social security | 454/9 | €2,300 | €1,650 | -€650 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132 | - | -€132 | |
| Other operating charges | 640/8 | €548 | €949 | +€401 | +73.1% |
| Non-recurring operating charges | 66A | - | €76 | +€76 | |
| Gross operating margin | 9900 | -€102 | -€425 | -€323 | -318% |
| Operating profit (loss) | 9901 | -€782 | -€1,450 | -€668 | -85.3% |
| Financial income | 75/76B | €1,060 | €849 | -€210 | -19.9% |
| Recurring financial income | 75 | €1,060 | €849 | -€210 | -19.9% |
| Financial charges | 65/66B | €175 | €223 | +€47 | +26.9% |
| Recurring financial charges | 65 | €175 | €223 | +€47 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €102 | -€823 | -€925 | |
| Income taxes | 67/77 | €357 | €197 | -€160 | -44.8% |
| Profit (loss) for the period | 9904 | -€255 | -€1,021 | -€765 | -300% |
| Profit (loss) for the period to be appropriated | 9905 | -€255 | -€1,021 | -€765 | -300% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.