MULTIGON: 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.
MULTIGON
Largest movements
- Receivables within one year -€51,277
down €51,277 (-41.0%), from €125,045 to €73,768
of which Other amounts receivable: -€42,533
- Trade debts -€24,807
down €24,807 (-75.2%), from €32,973 to €8,167
- Profit (loss) carried forward -€15,085
down €15,085 (-35.8%), from €42,115 to €27,031
- Tax, wage and social debts -€13,226
down €13,226 (-59.4%), from €22,252 to €9,026
- Gross operating margin -€91,312
down €91,312, from €76,689 to -€14,622
- Taxes -€23,820
down €23,820 (-99.4%), from €23,963 to €143
- Financial income -€822
down €822 (-36.0%), from €2,281 to €1,460
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 | €152,341 | €99,446 | -€52,895 | -34.7% |
| Fixed assets | 21/28 | €591 | - | -€591 | |
| Tangible fixed assets | 22/27 | €591 | - | -€591 | |
| Plant, machinery and equipment | 23 | €591 | - | -€591 | |
| Current assets | 29/58 | €151,750 | €99,446 | -€52,304 | -34.5% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €125,045 | €73,768 | -€51,277 | -41.0% |
| Trade receivables | 40 | €8,744 | - | -€8,744 | |
| Other amounts receivable | 41 | €116,301 | €73,768 | -€42,533 | -36.6% |
| Cash at bank and in hand | 54/58 | €1,705 | €678 | -€1,027 | -60.3% |
| Total equity and liabilities | 10/49 | €152,341 | €99,446 | -€52,895 | -34.7% |
| Equity | 10/15 | €97,115 | €82,031 | -€15,085 | -15.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,115 | €27,031 | -€15,085 | -35.8% |
| Amounts payable | 17/49 | €55,225 | €17,415 | -€37,810 | -68.5% |
| Amounts payable within one year | 42/48 | €55,225 | €17,192 | -€38,033 | -68.9% |
| Trade debts | 44 | €32,973 | €8,167 | -€24,807 | -75.2% |
| Suppliers | 440/4 | €32,973 | €8,167 | -€24,807 | -75.2% |
| Taxes, remuneration and social security | 45 | €22,252 | €9,026 | -€13,226 | -59.4% |
| Taxes | 450/3 | €22,252 | €9,026 | -€13,226 | -59.4% |
| Accrued charges and deferred income | 492/3 | - | €223 | +€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,130 | €591 | -€539 | -47.7% |
| Other operating charges | 640/8 | €159 | €783 | +€624 | +393% |
| Gross operating margin | 9900 | €76,689 | -€14,622 | -€91,312 | |
| Operating profit (loss) | 9901 | €75,401 | -€15,996 | -€91,397 | |
| Financial income | 75/76B | €2,281 | €1,460 | -€822 | -36.0% |
| Recurring financial income | 75 | €2,281 | €1,460 | -€822 | -36.0% |
| Financial charges | 65/66B | €337 | €405 | +€68 | +20.3% |
| Recurring financial charges | 65 | €337 | €405 | +€68 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €77,345 | -€14,942 | -€92,287 | |
| Income taxes | 67/77 | €23,963 | €143 | -€23,820 | -99.4% |
| Profit (loss) for the period | 9904 | €53,382 | -€15,085 | -€68,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,382 | -€15,085 | -€68,467 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.