Multiful: what changed
Multiful
Largest movements
- Tangible fixed assets +€6,231
up €6,231 (+483%), from €1,291 to €7,522
of which Plant, machinery and equipment: +€5,410
- Receivables within one year -€4,412
down €4,412 (-17.0%), from €25,951 to €21,539
of which Trade receivables: -€8,895
- Debts after one year +€4,900
up €4,900 (+490%), from €1,000 to €5,900
- Other debts +€4,000
new in 2025: €4,000
- Trade debts -€2,947
down €2,947 (-35.8%), from €8,224 to €5,276
- Tax, wage and social debts -€2,131
down €2,131 (-36.0%), from €5,924 to €3,793
of which Remuneration and social security: -€2,250
- Profit (loss) carried forward -€2,094
down €2,094 (-24.0%), from €8,729 to €6,635
- Gross operating margin -€6,500
down €6,500 (-62.2%), from €10,458 to €3,958
- Taxes -€1,697
down €1,697 (-76.0%), from €2,232 to €535
- Depreciation +€460
up €460 (+149%), from €309 to €769
- Other operating charges -€293
down €293 (-29.6%), from €990 to €697
- Financial income -€180
down €180 (-40.4%), from €445 to €265
of which Financial income: -€380
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 | €31,102 | €32,932 | +€1,830 | +5.9% |
| Fixed assets | 21/28 | €1,291 | €7,522 | +€6,231 | +483% |
| Tangible fixed assets | 22/27 | €1,291 | €7,522 | +€6,231 | +483% |
| Plant, machinery and equipment | 23 | - | €5,410 | +€5,410 | |
| Furniture and vehicles | 24 | €1,291 | €2,112 | +€821 | +63.6% |
| Current assets | 29/58 | €29,811 | €25,410 | -€4,401 | -14.8% |
| Amounts receivable within one year | 40/41 | €25,951 | €21,539 | -€4,412 | -17.0% |
| Trade receivables | 40 | €17,370 | €8,476 | -€8,895 | -51.2% |
| Other amounts receivable | 41 | €8,581 | €13,064 | +€4,483 | +52.2% |
| Cash at bank and in hand | 54/58 | €3,260 | €3,387 | +€127 | +3.9% |
| Deferred charges and accrued income | 490/1 | €600 | €484 | -€116 | -19.3% |
| Total equity and liabilities | 10/49 | €31,102 | €32,932 | +€1,830 | +5.9% |
| Equity | 10/15 | €14,689 | €12,595 | -€2,094 | -14.3% |
| Contributions | 10/11 | €4,100 | €4,100 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,729 | €6,635 | -€2,094 | -24.0% |
| Amounts payable | 17/49 | €16,413 | €20,337 | +€3,924 | +23.9% |
| Amounts payable after more than one year | 17 | €1,000 | €5,900 | +€4,900 | +490% |
| Financial debts | 170/4 | €1,000 | €5,900 | +€4,900 | +490% |
| Amounts payable within one year | 42/48 | €14,148 | €13,070 | -€1,078 | -7.6% |
| Trade debts | 44 | €8,224 | €5,276 | -€2,947 | -35.8% |
| Suppliers | 440/4 | €8,224 | €5,276 | -€2,947 | -35.8% |
| Taxes, remuneration and social security | 45 | €5,924 | €3,793 | -€2,131 | -36.0% |
| Taxes | 450/3 | €3,674 | €3,793 | +€119 | +3.3% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Accrued charges and deferred income | 492/3 | €1,266 | €1,367 | +€102 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309 | €769 | +€460 | +149% |
| Other operating charges | 640/8 | €990 | €697 | -€293 | -29.6% |
| Gross operating margin | 9900 | €10,458 | €3,958 | -€6,500 | -62.2% |
| Operating profit (loss) | 9901 | €9,159 | €2,493 | -€6,667 | -72.8% |
| Financial income | 75/76B | €445 | €265 | -€180 | -40.4% |
| Recurring financial income | 75 | €445 | €65 | -€380 | -85.3% |
| Non-recurring financial income | 76B | - | €200 | +€200 | |
| Financial charges | 65/66B | €242 | €317 | +€74 | +30.6% |
| Recurring financial charges | 65 | €242 | €317 | +€74 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €9,362 | €2,442 | -€6,920 | -73.9% |
| Income taxes | 67/77 | €2,232 | €535 | -€1,697 | -76.0% |
| Profit (loss) for the period | 9904 | €7,130 | €1,906 | -€5,223 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,130 | €1,906 | -€5,223 | -73.3% |
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 8 November 2026 via checked.be.