MULTIFORMS: what changed
Two fiscal 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.
MULTIFORMS
Largest movements
- Cash -€20,083
down €20,083 (-54.8%), from €36,617 to €16,534
mainly Net result for the year (-€25,353) and Trade debts (-€12,144)
- Receivables within one year -€6,641
down €6,641 (-34.2%), from €19,400 to €12,758
of which Trade receivables: -€10,374
- Tangible fixed assets -€5,330
down €5,330 (-28.1%), from €18,945 to €13,615
of which Land and buildings: -€2,870
- Stocks and contracts -€2,532
down €2,532 (-8.6%), from €29,284 to €26,752
- Reserves -€25,353
down €25,353 (-24.0%), from €105,728 to €80,374
of which Distributable reserves: -€25,353
- Trade debts -€12,144
down €12,144 (-50.0%), from €24,308 to €12,163
- Other debts +€3,204
up €3,204 (+17.4%), from €18,427 to €21,632
- Gross operating margin -€30,117
down €30,117, from €12,069 to -€18,047
- Financial charges -€6,192
down €6,192 (-83.4%), from €7,425 to €1,233
of which Non-recurring financial charges: -€6,629
- Financial income -€5,000
down €5,000 (-96.3%), from €5,190 to €190
of which Non-recurring financial income: -€5,086
- Write-downs -€891
down €891 (-100.0%), from €891 to €0
- Depreciation -€658
down €658 (-11.0%), from €5,987 to €5,330
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 | €168,930 | €133,054 | -€35,876 | -21.2% |
| Fixed assets | 21/28 | €19,220 | €13,890 | -€5,330 | -27.7% |
| Tangible fixed assets | 22/27 | €18,945 | €13,615 | -€5,330 | -28.1% |
| Land and buildings | 22 | €12,919 | €10,050 | -€2,870 | -22.2% |
| Plant, machinery and equipment | 23 | €1,602 | €817 | -€785 | -49.0% |
| Furniture and vehicles | 24 | €4,424 | €2,748 | -€1,675 | -37.9% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €149,710 | €119,164 | -€30,546 | -20.4% |
| Stocks and contracts in progress | 3 | €29,284 | €26,752 | -€2,532 | -8.6% |
| Stocks | 30/36 | €29,284 | €26,752 | -€2,532 | -8.6% |
| Amounts receivable within one year | 40/41 | €19,400 | €12,758 | -€6,641 | -34.2% |
| Trade receivables | 40 | €15,474 | €5,100 | -€10,374 | -67.0% |
| Other amounts receivable | 41 | €3,926 | €7,659 | +€3,733 | +95.1% |
| Current investments | 50/53 | €63,929 | €62,573 | -€1,356 | -2.1% |
| Cash at bank and in hand | 54/58 | €36,617 | €16,534 | -€20,083 | -54.8% |
| Deferred charges and accrued income | 490/1 | €480 | €546 | +€66 | +13.7% |
| Total equity and liabilities | 10/49 | €168,930 | €133,054 | -€35,876 | -21.2% |
| Equity | 10/15 | €124,328 | €98,974 | -€25,353 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,728 | €80,374 | -€25,353 | -24.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €98,728 | €73,374 | -€25,353 | -25.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,603 | €34,080 | -€10,523 | -23.6% |
| Amounts payable within one year | 42/48 | €44,215 | €34,080 | -€10,135 | -22.9% |
| Trade debts | 44 | €24,308 | €12,163 | -€12,144 | -50.0% |
| Suppliers | 440/4 | €24,308 | €12,163 | -€12,144 | -50.0% |
| Taxes, remuneration and social security | 45 | €1,480 | €285 | -€1,195 | -80.7% |
| Taxes | 450/3 | €1,480 | €285 | -€1,195 | -80.7% |
| Other amounts payable | 47/48 | €18,427 | €21,632 | +€3,204 | +17.4% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,987 | €5,330 | -€658 | -11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €891 | €0 | -€891 | -100.0% |
| Other operating charges | 640/8 | €1,138 | €760 | -€378 | -33.2% |
| Gross operating margin | 9900 | €12,069 | -€18,047 | -€30,117 | |
| Operating profit (loss) | 9901 | €4,053 | -€24,138 | -€28,191 | |
| Financial income | 75/76B | €5,190 | €190 | -€5,000 | -96.3% |
| Recurring financial income | 75 | €104 | €190 | +€86 | +82.8% |
| Non-recurring financial income | 76B | €5,086 | €0 | -€5,086 | -100.0% |
| Financial charges | 65/66B | €7,425 | €1,233 | -€6,192 | -83.4% |
| Recurring financial charges | 65 | €625 | €1,063 | +€437 | +70.0% |
| Non-recurring financial charges | 66B | €6,800 | €171 | -€6,629 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €1,818 | -€25,181 | -€26,999 | |
| Income taxes | 67/77 | €505 | €172 | -€333 | -65.9% |
| Profit (loss) for the period | 9904 | €1,313 | -€25,353 | -€26,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,313 | -€25,353 | -€26,666 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.