MULTILEAF: 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.
MULTILEAF
Largest movements
- Receivables within one year -€427,579
down €427,579 (-99.8%), from €428,410 to €831
of which Other amounts receivable: -€362,863
- Tangible fixed assets -€202,002
down €202,002 (-52.6%), from €384,016 to €182,014
of which Land and buildings: -€151,310
- Stocks and contracts -€25,538
down €25,538 (-100.0%), from €25,538 to €0
- Cash +€17,077
up €17,077 (+265.7%), from €6,427 to €23,505
mainly Receivables within one year (+€427,579) and Investment in fixed assets (net) (+€179,591)
- Reserves -€710,246
down €710,246 (-95.2%), from €746,307 to €36,061
- Other debts +€118,213
up €118,213 (+828.0%), from €14,276 to €132,489
- Current portion of long-term debt -€24,913
down €24,913 (-95.1%), from €26,192 to €1,279
- Trade debts -€17,829
down €17,829 (-98.2%), from €18,152 to €323
- Advances received +€17,167
new in 2025: €17,167
- Depreciation -€91,372
down €91,372 (-80.3%), from €113,783 to €22,411
- Gross operating margin -€72,251
down €72,251 (-80.0%), from €90,262 to €18,011
- Staff costs -€48,416
down €48,416 (-68.4%), from €70,824 to €22,408
- Financial income -€29,754
down €29,754 (-91.6%), from €32,478 to €2,724
- Other operating charges -€8,725
down €8,725 (-66.1%), from €13,193 to €4,468
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 | €844,526 | €206,484 | -€638,042 | -75.6% |
| Fixed assets | 21/28 | €384,151 | €182,149 | -€202,002 | -52.6% |
| Tangible fixed assets | 22/27 | €384,016 | €182,014 | -€202,002 | -52.6% |
| Land and buildings | 22 | €315,738 | €164,428 | -€151,310 | -47.9% |
| Plant, machinery and equipment | 23 | €26,159 | €15,131 | -€11,028 | -42.2% |
| Furniture and vehicles | 24 | €40,719 | €2,105 | -€38,614 | -94.8% |
| Leasing and similar rights | 25 | €1,400 | €350 | -€1,050 | -75.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €460,375 | €24,335 | -€436,040 | -94.7% |
| Stocks and contracts in progress | 3 | €25,538 | €0 | -€25,538 | -100.0% |
| Stocks | 30/36 | €25,538 | €0 | -€25,538 | -100.0% |
| Amounts receivable within one year | 40/41 | €428,410 | €831 | -€427,579 | -99.8% |
| Trade receivables | 40 | €64,716 | €0 | -€64,716 | -100.0% |
| Other amounts receivable | 41 | €363,694 | €831 | -€362,863 | -99.8% |
| Cash at bank and in hand | 54/58 | €6,427 | €23,505 | +€17,077 | +265.7% |
| Total equity and liabilities | 10/49 | €844,526 | €206,484 | -€638,042 | -75.6% |
| Equity | 10/15 | €764,899 | €54,653 | -€710,246 | -92.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €746,307 | €36,061 | -€710,246 | -95.2% |
| Distributable reserves | 133 | €746,307 | €36,061 | -€710,246 | -95.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €79,627 | €151,831 | +€72,204 | +90.7% |
| Amounts payable after more than one year | 17 | €5,251 | €0 | -€5,251 | -100.0% |
| Financial debts | 170/4 | €5,251 | €0 | -€5,251 | -100.0% |
| Amounts payable within one year | 42/48 | €74,376 | €151,831 | +€77,455 | +104.1% |
| Current portion of amounts payable after more than one year | 42 | €26,192 | €1,279 | -€24,913 | -95.1% |
| Trade debts | 44 | €18,152 | €323 | -€17,829 | -98.2% |
| Suppliers | 440/4 | €18,152 | €323 | -€17,829 | -98.2% |
| Advances received on contracts in progress | 46 | - | €17,167 | +€17,167 | |
| Taxes, remuneration and social security | 45 | €15,756 | €574 | -€15,182 | -96.4% |
| Taxes | 450/3 | €3,918 | €0 | -€3,918 | -100.0% |
| Remuneration and social security | 454/9 | €11,838 | €574 | -€11,263 | -95.1% |
| Other amounts payable | 47/48 | €14,276 | €132,489 | +€118,213 | +828.0% |
| Non-recurring operating income | 76A | - | €434 | +€434 | |
| Remuneration, social security and pensions | 62 | €70,824 | €22,408 | -€48,416 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,783 | €22,411 | -€91,372 | -80.3% |
| Other operating charges | 640/8 | €13,193 | €4,468 | -€8,725 | -66.1% |
| Non-recurring operating charges | 66A | €10,525 | €0 | -€10,525 | -100.0% |
| Gross operating margin | 9900 | €90,262 | €18,011 | -€72,251 | -80.0% |
| Operating profit (loss) | 9901 | -€118,063 | -€31,276 | +€86,787 | +73.5% |
| Financial income | 75/76B | €32,478 | €2,724 | -€29,754 | -91.6% |
| Recurring financial income | 75 | €32,478 | €2,724 | -€29,754 | -91.6% |
| Financial charges | 65/66B | €4,054 | €399 | -€3,656 | -90.2% |
| Recurring financial charges | 65 | €4,054 | €399 | -€3,656 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | -€89,640 | -€28,951 | +€60,689 | +67.7% |
| Profit (loss) for the period | 9904 | -€89,640 | -€28,951 | +€60,689 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,640 | -€28,951 | +€60,689 | +67.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.