MULTIGARDEN: 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.
MULTIGARDEN
Largest movements
- Cash +€27,079
up €27,079 (+100.6%), from €26,930 to €54,008
mainly Net result for the year (+€33,703) and Tax, wage and social debts (+€4,225)
- Receivables within one year +€11,030
up €11,030 (+22.8%), from €48,353 to €59,383
of which Trade receivables: +€7,015
- Tangible fixed assets +€1,221
up €1,221 (+205.3%), from €595 to €1,816
- Reserves +€33,000
up €33,000 (+88.3%), from €37,359 to €70,359
of which Distributable reserves: +€33,000
- Tax, wage and social debts +€4,225
up €4,225 (+9346.8%), from €45 to €4,270
- Trade debts +€1,364
up €1,364 (+93.8%), from €1,455 to €2,819
- Gross operating margin +€52,837
up €52,837, from -€13,311 to €39,526
- Taxes +€3,722
up €3,722 (+2493.4%), from €149 to €3,871
- Depreciation -€2,568
down €2,568 (-79.1%), from €3,245 to €677
- Other operating charges +€2,310
up €2,310 (+166.1%), from €1,391 to €3,701
- Financial income +€924
up €924 (+50.9%), from €1,814 to €2,737
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 | €79,282 | €118,573 | +€39,292 | +49.6% |
| Fixed assets | 21/28 | €730 | €1,951 | +€1,221 | +167.3% |
| Tangible fixed assets | 22/27 | €595 | €1,816 | +€1,221 | +205.3% |
| Plant, machinery and equipment | 23 | €595 | €1,816 | +€1,221 | +205.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €78,552 | €116,622 | +€38,070 | +48.5% |
| Amounts receivable within one year | 40/41 | €48,353 | €59,383 | +€11,030 | +22.8% |
| Trade receivables | 40 | €122 | €7,137 | +€7,015 | +5754.7% |
| Other amounts receivable | 41 | €48,231 | €52,246 | +€4,015 | +8.3% |
| Cash at bank and in hand | 54/58 | €26,930 | €54,008 | +€27,079 | +100.6% |
| Deferred charges and accrued income | 490/1 | €3,270 | €3,231 | -€38 | -1.2% |
| Total equity and liabilities | 10/49 | €79,282 | €118,573 | +€39,292 | +49.6% |
| Equity | 10/15 | €77,781 | €111,484 | +€33,703 | +43.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €37,359 | €70,359 | +€33,000 | +88.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €35,500 | €68,500 | +€33,000 | +93.0% |
| Profit (loss) carried forward | 14 | €21,830 | €22,533 | +€703 | +3.2% |
| Amounts payable | 17/49 | €1,500 | €7,089 | +€5,589 | +372.5% |
| Amounts payable within one year | 42/48 | €1,500 | €7,089 | +€5,589 | +372.5% |
| Trade debts | 44 | €1,455 | €2,819 | +€1,364 | +93.8% |
| Suppliers | 440/4 | €1,455 | €2,819 | +€1,364 | +93.8% |
| Taxes, remuneration and social security | 45 | €45 | €4,270 | +€4,225 | +9346.8% |
| Taxes | 450/3 | €45 | €4,270 | +€4,225 | +9346.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,245 | €677 | -€2,568 | -79.1% |
| Other operating charges | 640/8 | €1,391 | €3,701 | +€2,310 | +166.1% |
| Gross operating margin | 9900 | -€13,311 | €39,526 | +€52,837 | |
| Operating profit (loss) | 9901 | -€17,946 | €35,148 | +€53,095 | |
| Financial income | 75/76B | €1,814 | €2,737 | +€924 | +50.9% |
| Recurring financial income | 75 | €1,814 | €2,737 | +€924 | +50.9% |
| Financial charges | 65/66B | €573 | €312 | -€262 | -45.6% |
| Recurring financial charges | 65 | €510 | €312 | -€198 | -38.9% |
| Non-recurring financial charges | 66B | €63 | - | -€63 | |
| Profit (loss) for the period before taxes | 9903 | -€16,706 | €37,574 | +€54,280 | |
| Income taxes | 67/77 | €149 | €3,871 | +€3,722 | +2493.4% |
| Profit (loss) for the period | 9904 | -€16,855 | €33,703 | +€50,558 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,855 | €33,703 | +€50,558 |
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 11 October 2026 via checked.be.