MULTIGAS: 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.
MULTIGAS
Largest movements
- Cash +€293,290
up €293,290 (+91.3%), from €321,391 to €614,681
mainly Net result for the year (+€613,082) and Depreciation (+€312,062)
- Receivables within one year -€245,915
down €245,915 (-36.7%), from €670,021 to €424,106
of which Trade receivables: -€288,681
- Stocks and contracts +€173,506
up €173,506 (+768.4%), from €22,580 to €196,086
- Tangible fixed assets +€132,211
up €132,211 (+12.3%), from €1.1m to €1.2m
of which Furniture and vehicles: +€206,605
- Financial fixed assets -€31,680
down €31,680 (-34.1%), from €92,769 to €61,089
- Reserves +€338,082
up €338,082 (+96.3%), from €351,162 to €689,244
of which Distributable reserves: +€389,702
- Debts after one year +€124,549
up €124,549 (+59.2%), from €210,284 to €334,834
- Trade debts -€101,909
down €101,909 (-46.5%), from €219,113 to €117,204
- Other debts -€39,674
down €39,674 (-7.4%), from €536,059 to €496,385
- Gross operating margin +€420,286
up €420,286 (+23.8%), from €1.8m to €2.2m
- Taxes +€110,163
up €110,163 (+1741.7%), from €6,325 to €116,488
- Depreciation +€67,921
up €67,921 (+27.8%), from €244,141 to €312,062
- Provisions +€54,026
up €54,026, from -€44,454 to €9,572
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 | €2,220,290 | €2,538,799 | +€318,508 | +14.3% |
| Fixed assets | 21/28 | €1,175,458 | €1,274,421 | +€98,963 | +8.4% |
| Intangible fixed assets | 21 | €6,960 | €5,393 | -€1,568 | -22.5% |
| Tangible fixed assets | 22/27 | €1,075,729 | €1,207,940 | +€132,211 | +12.3% |
| Land and buildings | 22 | €240,325 | €190,961 | -€49,363 | -20.5% |
| Plant, machinery and equipment | 23 | €497,231 | €472,200 | -€25,031 | -5.0% |
| Furniture and vehicles | 24 | €338,173 | €544,778 | +€206,605 | +61.1% |
| Financial fixed assets | 28 | €92,769 | €61,089 | -€31,680 | -34.1% |
| Current assets | 29/58 | €1,044,833 | €1,264,378 | +€219,545 | +21.0% |
| Stocks and contracts in progress | 3 | €22,580 | €196,086 | +€173,506 | +768.4% |
| Stocks | 30/36 | €22,580 | €196,086 | +€173,506 | +768.4% |
| Amounts receivable within one year | 40/41 | €670,021 | €424,106 | -€245,915 | -36.7% |
| Trade receivables | 40 | €548,686 | €260,005 | -€288,681 | -52.6% |
| Other amounts receivable | 41 | €121,335 | €164,101 | +€42,767 | +35.2% |
| Cash at bank and in hand | 54/58 | €321,391 | €614,681 | +€293,290 | +91.3% |
| Deferred charges and accrued income | 490/1 | €30,840 | €29,504 | -€1,336 | -4.3% |
| Total equity and liabilities | 10/49 | €2,220,290 | €2,538,799 | +€318,508 | +14.3% |
| Equity | 10/15 | €412,662 | €750,744 | +€338,082 | +81.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €351,162 | €689,244 | +€338,082 | +96.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,770 | €63,150 | -€51,620 | -45.0% |
| Distributable reserves | 133 | €230,241 | €619,944 | +€389,702 | +169.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €484,549 | €494,120 | +€9,572 | +2.0% |
| Provisions for liabilities and charges | 160/5 | €484,549 | €494,120 | +€9,572 | +2.0% |
| Major repairs and maintenance | 162 | €484,549 | €494,120 | +€9,572 | +2.0% |
| Amounts payable | 17/49 | €1,323,080 | €1,293,934 | -€29,146 | -2.2% |
| Amounts payable after more than one year | 17 | €210,284 | €334,834 | +€124,549 | +59.2% |
| Financial debts | 170/4 | €210,284 | €334,834 | +€124,549 | +59.2% |
| Amounts payable within one year | 42/48 | €1,032,379 | €886,270 | -€146,108 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €127,150 | €128,290 | +€1,140 | +0.9% |
| Trade debts | 44 | €219,113 | €117,204 | -€101,909 | -46.5% |
| Suppliers | 440/4 | €219,113 | €117,204 | -€101,909 | -46.5% |
| Advances received on contracts in progress | 46 | €23,999 | €0 | -€23,999 | -100.0% |
| Taxes, remuneration and social security | 45 | €126,058 | €144,391 | +€18,333 | +14.5% |
| Taxes | 450/3 | €26,615 | €44,415 | +€17,800 | +66.9% |
| Remuneration and social security | 454/9 | €99,443 | €99,976 | +€534 | +0.5% |
| Other amounts payable | 47/48 | €536,059 | €496,385 | -€39,674 | -7.4% |
| Accrued charges and deferred income | 492/3 | €80,417 | €72,830 | -€7,587 | -9.4% |
| Non-recurring operating income | 76A | €16,785 | €41,331 | +€24,545 | +146.2% |
| Remuneration, social security and pensions | 62 | €1,088,969 | €1,084,426 | -€4,542 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,141 | €312,062 | +€67,921 | +27.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€44,454 | €9,572 | +€54,026 | |
| Other operating charges | 640/8 | €67,019 | €51,340 | -€15,679 | -23.4% |
| Gross operating margin | 9900 | €1,764,470 | €2,184,756 | +€420,286 | +23.8% |
| Operating profit (loss) | 9901 | €408,796 | €727,356 | +€318,560 | +77.9% |
| Financial income | 75/76B | €10,316 | €26,647 | +€16,332 | +158.3% |
| Recurring financial income | 75 | €10,316 | €24,147 | +€13,832 | +134.1% |
| Non-recurring financial income | 76B | - | €2,500 | +€2,500 | |
| Financial charges | 65/66B | €8,356 | €24,433 | +€16,077 | +192.4% |
| Recurring financial charges | 65 | €8,356 | €24,433 | +€16,077 | +192.4% |
| Profit (loss) for the period before taxes | 9903 | €410,755 | €729,570 | +€318,815 | +77.6% |
| Income taxes | 67/77 | €6,325 | €116,488 | +€110,163 | +1741.7% |
| Profit (loss) for the period | 9904 | €404,430 | €613,082 | +€208,652 | +51.6% |
| Transfer from tax-exempt reserves | 789 | - | €51,620 | +€51,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €404,430 | €664,702 | +€260,272 | +64.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.