MULTIFLEURS: 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.
MULTIFLEURS
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+384%), from €467,672 to €2.3m
of which Land and buildings: +€1.8m
- Receivables within one year -€280,835
down €280,835 (-77.6%), from €362,085 to €81,250
- Cash -€138,197
down €138,197 (-91.9%), from €150,310 to €12,113
mainly Investment in fixed assets (net) (-€1.9m) and Net result for the year (-€344,663)
- Stocks and contracts -€32,266
down €32,266 (-12.4%), from €259,453 to €227,187
- Revaluation surpluses +€2.0m
new in 2025: €2.0m
- Profit (loss) carried forward -€344,663
down €344,663 (-74.2%), from -€464,417 to -€809,080
- Other debts -€192,767
down €192,767 (-96.4%), from €200,041 to €7,275
- Debts after one year -€110,154
down €110,154 (-29.5%), from €373,718 to €263,564
- Other operating charges +€279,760
up €279,760 (+1,125%), from €24,862 to €304,622
- Gross operating margin +€82,830
up €82,830 (+22.9%), from €361,717 to €444,547
- Staff costs -€10,755
down €10,755 (-3.1%), from €347,235 to €336,480
- Financial income -€7,780
down €7,780 (-59.9%), from €12,996 to €5,216
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 | €1,252,178 | €2,596,603 | +€1.3m | +107% |
| Fixed assets | 21/28 | €470,582 | €2,265,506 | +€1.8m | +381% |
| Tangible fixed assets | 22/27 | €467,672 | €2,262,757 | +€1.8m | +384% |
| Land and buildings | 22 | €359,370 | €2,165,500 | +€1.8m | +503% |
| Plant, machinery and equipment | 23 | €1,187 | €296 | -€892 | -75.1% |
| Furniture and vehicles | 24 | €107,115 | €96,961 | -€10,153 | -9.5% |
| Financial fixed assets | 28 | €2,910 | €2,749 | -€161 | -5.5% |
| Current assets | 29/58 | €781,596 | €331,097 | -€450,499 | -57.6% |
| Stocks and contracts in progress | 3 | €259,453 | €227,187 | -€32,266 | -12.4% |
| Stocks | 30/36 | €259,453 | €227,187 | -€32,266 | -12.4% |
| Amounts receivable within one year | 40/41 | €362,085 | €81,250 | -€280,835 | -77.6% |
| Trade receivables | 40 | €362,085 | €81,250 | -€280,835 | -77.6% |
| Cash at bank and in hand | 54/58 | €150,310 | €12,113 | -€138,197 | -91.9% |
| Deferred charges and accrued income | 490/1 | €9,749 | €10,548 | +€799 | +8.2% |
| Total equity and liabilities | 10/49 | €1,252,178 | €2,596,603 | +€1.3m | +107% |
| Equity | 10/15 | €121,717 | €1,743,172 | +€1.6m | +1,332% |
| Contributions | 10/11 | €343,000 | €343,000 | = | 0.0% |
| Capital | 10 | €343,000 | €343,000 | = | 0.0% |
| Issued capital | 100 | €343,000 | €343,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,971,251 | +€2.0m | |
| Reserves | 13 | €238,001 | €238,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,300 | €34,300 | = | 0.0% |
| Legal reserve | 130 | €34,300 | €34,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,722 | €16,722 | = | 0.0% |
| Distributable reserves | 133 | €186,979 | €186,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€464,417 | -€809,080 | -€344,663 | -74.2% |
| Investment grants | 15 | €5,133 | - | -€5,133 | |
| Amounts payable | 17/49 | €1,130,461 | €853,431 | -€277,031 | -24.5% |
| Amounts payable after more than one year | 17 | €373,718 | €263,564 | -€110,154 | -29.5% |
| Financial debts | 170/4 | €373,718 | €263,564 | -€110,154 | -29.5% |
| Amounts payable within one year | 42/48 | €755,780 | €589,867 | -€165,913 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €104,871 | €110,154 | +€5,283 | +5.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €284,020 | €305,223 | +€21,203 | +7.5% |
| Suppliers | 440/4 | €284,020 | €305,223 | +€21,203 | +7.5% |
| Taxes, remuneration and social security | 45 | €41,847 | €42,215 | +€368 | +0.9% |
| Taxes | 450/3 | €11,399 | €11,372 | -€26 | -0.2% |
| Remuneration and social security | 454/9 | €30,449 | €30,842 | +€394 | +1.3% |
| Other amounts payable | 47/48 | €200,041 | €7,275 | -€192,767 | -96.4% |
| Accrued charges and deferred income | 492/3 | €963 | - | -€963 | |
| Remuneration, social security and pensions | 62 | €347,235 | €336,480 | -€10,755 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,476 | €109,214 | +€1,737 | +1.6% |
| Other operating charges | 640/8 | €24,862 | €304,622 | +€279,760 | +1,125% |
| Gross operating margin | 9900 | €361,717 | €444,547 | +€82,830 | +22.9% |
| Operating profit (loss) | 9901 | -€117,857 | -€305,768 | -€187,911 | -159% |
| Financial income | 75/76B | €12,996 | €5,216 | -€7,780 | -59.9% |
| Recurring financial income | 75 | €12,996 | €5,216 | -€7,780 | -59.9% |
| Financial charges | 65/66B | €46,890 | €43,792 | -€3,098 | -6.6% |
| Recurring financial charges | 65 | €46,890 | €43,792 | -€3,098 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€151,751 | -€344,344 | -€192,593 | -127% |
| Income taxes | 67/77 | €336 | €319 | -€17 | -5.1% |
| Profit (loss) for the period | 9904 | -€152,087 | -€344,663 | -€192,576 | -127% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,087 | -€344,663 | -€192,576 | -127% |
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.