MULTIFISK: 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.
MULTIFISK
Largest movements
- Receivables within one year +€352,949
up €352,949 (+34.1%), from €1.0m to €1.4m
of which Other amounts receivable: +€272,934
- Tangible fixed assets -€113,485
down €113,485 (-16.6%), from €683,687 to €570,202
of which Leasing and similar rights: -€67,806
- Intangible fixed assets -€50,000
down €50,000 (-31.6%), from €158,082 to €108,082
- Cash +€38,233
up €38,233 (+24.0%), from €159,119 to €197,352
mainly Other debts (+€289,899) and Short-term financial debts (+€170,060)
- Other debts +€289,899
up €289,899 (+168%), from €172,053 to €461,952
- Short-term financial debts +€170,060
up €170,060 (+56.6%), from €300,336 to €470,396
- Debts after one year -€119,287
down €119,287 (-17.5%), from €681,574 to €562,288
- Trade debts -€105,989
down €105,989 (-37.4%), from €283,152 to €177,163
- Gross operating margin +€85,105
up €85,105 (+5.9%), from €1.4m to €1.5m
- Staff costs +€79,693
up €79,693 (+6.9%), from €1.2m to €1.2m
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 | €2,090,184 | €2,318,047 | +€227,863 | +10.9% |
| Fixed assets | 21/28 | €841,769 | €678,284 | -€163,485 | -19.4% |
| Intangible fixed assets | 21 | €158,082 | €108,082 | -€50,000 | -31.6% |
| Tangible fixed assets | 22/27 | €683,687 | €570,202 | -€113,485 | -16.6% |
| Land and buildings | 22 | €90,823 | €62,747 | -€28,076 | -30.9% |
| Plant, machinery and equipment | 23 | €12,695 | €13,754 | +€1,059 | +8.3% |
| Furniture and vehicles | 24 | €37,720 | €19,058 | -€18,662 | -49.5% |
| Leasing and similar rights | 25 | €542,449 | €474,643 | -€67,806 | -12.5% |
| Current assets | 29/58 | €1,248,414 | €1,639,763 | +€391,348 | +31.3% |
| Amounts receivable within one year | 40/41 | €1,034,107 | €1,387,055 | +€352,949 | +34.1% |
| Trade receivables | 40 | €960,919 | €1,040,934 | +€80,015 | +8.3% |
| Other amounts receivable | 41 | €73,188 | €346,122 | +€272,934 | +373% |
| Current investments | 50/53 | €21 | €21 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €159,119 | €197,352 | +€38,233 | +24.0% |
| Deferred charges and accrued income | 490/1 | €55,168 | €55,334 | +€167 | +0.3% |
| Total equity and liabilities | 10/49 | €2,090,184 | €2,318,047 | +€227,863 | +10.9% |
| Equity | 10/15 | €232,716 | €247,786 | +€15,069 | +6.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,265 | €227,335 | +€15,069 | +7.1% |
| Amounts payable | 17/49 | €1,857,467 | €2,070,261 | +€212,794 | +11.5% |
| Amounts payable after more than one year | 17 | €681,574 | €562,288 | -€119,287 | -17.5% |
| Financial debts | 170/4 | €681,574 | €562,288 | -€119,287 | -17.5% |
| Amounts payable within one year | 42/48 | €1,163,658 | €1,502,440 | +€338,782 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €129,894 | €136,932 | +€7,038 | +5.4% |
| Financial debts | 43 | €300,336 | €470,396 | +€170,060 | +56.6% |
| Credit institutions | 430/8 | €300,336 | €470,396 | +€170,060 | +56.6% |
| Trade debts | 44 | €283,152 | €177,163 | -€105,989 | -37.4% |
| Suppliers | 440/4 | €283,152 | €177,163 | -€105,989 | -37.4% |
| Taxes, remuneration and social security | 45 | €278,223 | €255,997 | -€22,226 | -8.0% |
| Taxes | 450/3 | €134,035 | €132,686 | -€1,349 | -1.0% |
| Remuneration and social security | 454/9 | €144,189 | €123,311 | -€20,877 | -14.5% |
| Other amounts payable | 47/48 | €172,053 | €461,952 | +€289,899 | +168% |
| Accrued charges and deferred income | 492/3 | €12,235 | €5,533 | -€6,702 | -54.8% |
| Remuneration, social security and pensions | 62 | €1,154,319 | €1,234,012 | +€79,693 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,844 | €169,311 | +€1,467 | +0.9% |
| Other operating charges | 640/8 | €15,175 | €5,738 | -€9,437 | -62.2% |
| Non-recurring operating charges | 66A | - | €23,986 | +€23,986 | |
| Gross operating margin | 9900 | €1,442,712 | €1,527,817 | +€85,105 | +5.9% |
| Operating profit (loss) | 9901 | €105,373 | €94,771 | -€10,602 | -10.1% |
| Financial income | 75/76B | €173 | €727 | +€554 | +321% |
| Recurring financial income | 75 | €173 | €227 | +€54 | +31.5% |
| Non-recurring financial income | 76B | - | €500 | +€500 | |
| Financial charges | 65/66B | €65,496 | €53,815 | -€11,681 | -17.8% |
| Recurring financial charges | 65 | €65,496 | €53,815 | -€11,681 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €40,050 | €41,683 | +€1,633 | +4.1% |
| Income taxes | 67/77 | €37,930 | €26,614 | -€11,316 | -29.8% |
| Profit (loss) for the period | 9904 | €2,121 | €15,069 | +€12,949 | +611% |
| Profit (loss) for the period to be appropriated | 9905 | €2,121 | €15,069 | +€12,949 | +611% |
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 14 October 2026 via checked.be.