MULTILEX: 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.
MULTILEX
Largest movements
- Current investments +€55,000
up €55,000 (+10.1%), from €545,000 to €600,000
- Receivables within one year -€18,620
down €18,620 (-92.4%), from €20,141 to €1,521
of which Trade receivables: -€18,671
- Reserves +€49,921
up €49,921 (+8.8%), from €568,830 to €618,750
- Trade debts -€10,384
down €10,384 (-67.3%), from €15,426 to €5,041
- Gross operating margin -€1,395
down €1,395 (-2.3%), from €59,988 to €58,593
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 | €608,360 | €649,317 | +€40,957 | +6.7% |
| Fixed assets | 21/28 | €481 | €1,039 | +€558 | +115.9% |
| Tangible fixed assets | 22/27 | €481 | €1,039 | +€558 | +115.9% |
| Plant, machinery and equipment | 23 | €481 | €1,039 | +€558 | +115.9% |
| Current assets | 29/58 | €607,879 | €648,278 | +€40,399 | +6.6% |
| Amounts receivable within one year | 40/41 | €20,141 | €1,521 | -€18,620 | -92.4% |
| Trade receivables | 40 | €20,141 | €1,470 | -€18,671 | -92.7% |
| Other amounts receivable | 41 | €0 | €51 | +€51 | |
| Current investments | 50/53 | €545,000 | €600,000 | +€55,000 | +10.1% |
| Cash at bank and in hand | 54/58 | €42,738 | €46,056 | +€3,319 | +7.8% |
| Deferred charges and accrued income | 490/1 | - | €701 | +€701 | |
| Total equity and liabilities | 10/49 | €608,360 | €649,317 | +€40,957 | +6.7% |
| Equity | 10/15 | €581,230 | €631,150 | +€49,921 | +8.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €568,830 | €618,750 | +€49,921 | +8.8% |
| Distributable reserves | 133 | €568,830 | €618,750 | +€49,921 | +8.8% |
| Amounts payable | 17/49 | €27,131 | €18,167 | -€8,964 | -33.0% |
| Amounts payable within one year | 42/48 | €27,131 | €18,167 | -€8,964 | -33.0% |
| Trade debts | 44 | €15,426 | €5,041 | -€10,384 | -67.3% |
| Suppliers | 440/4 | €15,426 | €5,041 | -€10,384 | -67.3% |
| Taxes, remuneration and social security | 45 | €11,096 | €6,689 | -€4,408 | -39.7% |
| Taxes | 450/3 | €8,096 | €6,689 | -€1,408 | -17.4% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts payable | 47/48 | €609 | €6,437 | +€5,828 | +957.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €189 | -€117 | -38.1% |
| Other operating charges | 640/8 | €698 | €769 | +€72 | +10.3% |
| Gross operating margin | 9900 | €59,988 | €58,593 | -€1,395 | -2.3% |
| Operating profit (loss) | 9901 | €58,984 | €57,634 | -€1,350 | -2.3% |
| Financial income | 75/76B | €15,280 | €15,806 | +€526 | +3.4% |
| Recurring financial income | 75 | €15,280 | €15,806 | +€526 | +3.4% |
| Financial charges | 65/66B | €62 | €72 | +€10 | +16.1% |
| Recurring financial charges | 65 | €62 | €72 | +€10 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €74,202 | €73,368 | -€834 | -1.1% |
| Income taxes | 67/77 | €23,731 | €23,447 | -€284 | -1.2% |
| Profit (loss) for the period | 9904 | €50,470 | €49,921 | -€550 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,470 | €49,921 | -€550 | -1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.