Multilas Services: what changed
Multilas Services
Largest movements
- Receivables within one year +€760,144
up €760,144 (+202%), from €375,525 to €1.1m
of which Trade receivables: +€761,101
- Cash -€165,059
down €165,059 (-41.1%), from €401,412 to €236,353
mainly Receivables within one year (-€760,144) and Investment in fixed assets (net) (-€66,844)
- Tangible fixed assets +€38,219
up €38,219 (+75.7%), from €50,492 to €88,711
of which Plant, machinery and equipment: +€28,338
- Deferred charges and accrued income +€28,077
up €28,077 (+6,125%), from €458 to €28,535
- Stocks and contracts -€18,150
down €18,150 (-24.3%), from €74,637 to €56,487
- Reserves +€292,802
up €292,802 (+60.5%), from €484,264 to €777,066
- Trade debts +€212,732
up €212,732 (+96.4%), from €220,694 to €433,426
- Tax, wage and social debts +€101,130
up €101,130 (+56.8%), from €177,974 to €279,104
of which Taxes: +€75,180
- Current portion of long-term debt +€32,101
up €32,101 (+1,553%), from €2,067 to €34,168
- Gross operating margin +€139,371
up €139,371 (+18.9%), from €737,953 to €877,324
- Staff costs +€94,742
up €94,742 (+29.9%), from €316,638 to €411,380
- Write-downs +€32,727
new in 2025: €32,727
- Depreciation +€20,670
up €20,670 (+260%), from €7,955 to €28,625
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 | €910,034 | €1,553,264 | +€643,230 | +70.7% |
| Fixed assets | 21/28 | €58,001 | €96,220 | +€38,219 | +65.9% |
| Tangible fixed assets | 22/27 | €50,492 | €88,711 | +€38,219 | +75.7% |
| Plant, machinery and equipment | 23 | €25,335 | €53,673 | +€28,338 | +112% |
| Furniture and vehicles | 24 | €25,157 | €35,039 | +€9,881 | +39.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €7,509 | €7,509 | = | 0.0% |
| Current assets | 29/58 | €852,033 | €1,457,044 | +€605,011 | +71.0% |
| Stocks and contracts in progress | 3 | €74,637 | €56,487 | -€18,150 | -24.3% |
| Stocks | 30/36 | €74,637 | €56,487 | -€18,150 | -24.3% |
| Amounts receivable within one year | 40/41 | €375,525 | €1,135,669 | +€760,144 | +202% |
| Trade receivables | 40 | €373,947 | €1,135,048 | +€761,101 | +204% |
| Other amounts receivable | 41 | €1,579 | €621 | -€957 | -60.6% |
| Cash at bank and in hand | 54/58 | €401,412 | €236,353 | -€165,059 | -41.1% |
| Deferred charges and accrued income | 490/1 | €458 | €28,535 | +€28,077 | +6,125% |
| Total equity and liabilities | 10/49 | €910,034 | €1,553,264 | +€643,230 | +70.7% |
| Equity | 10/15 | €509,164 | €801,966 | +€292,802 | +57.5% |
| Contributions | 10/11 | €24,900 | €24,900 | = | 0.0% |
| Reserves | 13 | €484,264 | €777,066 | +€292,802 | +60.5% |
| Distributable reserves | 133 | €484,264 | €777,066 | +€292,802 | +60.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €400,870 | €751,298 | +€350,428 | +87.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €400,870 | €746,803 | +€345,933 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €2,067 | €34,168 | +€32,101 | +1,553% |
| Trade debts | 44 | €220,694 | €433,426 | +€212,732 | +96.4% |
| Suppliers | 440/4 | €220,694 | €433,426 | +€212,732 | +96.4% |
| Taxes, remuneration and social security | 45 | €177,974 | €279,104 | +€101,130 | +56.8% |
| Taxes | 450/3 | €143,701 | €218,882 | +€75,180 | +52.3% |
| Remuneration and social security | 454/9 | €34,273 | €60,223 | +€25,950 | +75.7% |
| Other amounts payable | 47/48 | €135 | €105 | -€30 | -22.1% |
| Accrued charges and deferred income | 492/3 | - | €4,495 | +€4,495 | |
| Remuneration, social security and pensions | 62 | €316,638 | €411,380 | +€94,742 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,955 | €28,625 | +€20,670 | +260% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €32,727 | +€32,727 | |
| Other operating charges | 640/8 | €3,513 | €1,077 | -€2,436 | -69.3% |
| Gross operating margin | 9900 | €737,953 | €877,324 | +€139,371 | +18.9% |
| Operating profit (loss) | 9901 | €409,847 | €403,516 | -€6,331 | -1.5% |
| Financial income | 75/76B | €579 | €14 | -€565 | -97.6% |
| Recurring financial income | 75 | €579 | €14 | -€565 | -97.6% |
| Financial charges | 65/66B | €2,699 | €6,339 | +€3,639 | +135% |
| Recurring financial charges | 65 | €2,699 | €6,339 | +€3,639 | +135% |
| Profit (loss) for the period before taxes | 9903 | €407,727 | €397,191 | -€10,536 | -2.6% |
| Income taxes | 67/77 | €104,180 | €104,389 | +€209 | +0.2% |
| Profit (loss) for the period | 9904 | €303,547 | €292,802 | -€10,745 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €303,547 | €292,802 | -€10,745 | -3.5% |
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 2 November 2026 via checked.be.