MULTIMAG: 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.
MULTIMAG
Largest movements
- Tangible fixed assets +€22,048
up €22,048 (+40.0%), from €55,156 to €77,204
of which Furniture and vehicles: +€25,188
- Current investments -€10,522
down €10,522 (-6.3%), from €167,838 to €157,316
- Receivables within one year -€3,640
down €3,640 (-4.9%), from €74,371 to €70,731
of which Trade receivables: -€4,217
- Tax, wage and social debts -€14,543
down €14,543 (-61.6%), from €23,628 to €9,085
of which Remuneration and social security: -€13,864
- Debts after one year +€12,476
up €12,476 (+38.0%), from €32,839 to €45,316
- Trade debts +€6,876
up €6,876 (+19.7%), from €34,837 to €41,713
- Current portion of long-term debt +€6,872
up €6,872 (+77.1%), from €8,909 to €15,781
- Staff costs -€16,434
no longer reported in 2025 (was €16,434)
- Depreciation +€10,102
up €10,102 (+111%), from €9,084 to €19,186
- Gross operating margin -€9,806
down €9,806 (-12.8%), from €76,677 to €66,871
- Turnover -€9,673
down €9,673 (-2.0%), from €476,391 to €466,717
- Purchases and services -€7,403
down €7,403 (-1.7%), from €423,337 to €415,935
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 | €325,444 | €333,459 | +€8,015 | +2.5% |
| Fixed assets | 21/28 | €57,378 | €78,749 | +€21,372 | +37.2% |
| Intangible fixed assets | 21 | €2,222 | €1,546 | -€676 | -30.4% |
| Tangible fixed assets | 22/27 | €55,156 | €77,204 | +€22,048 | +40.0% |
| Plant, machinery and equipment | 23 | €4,660 | €2,849 | -€1,810 | -38.9% |
| Furniture and vehicles | 24 | €46,446 | €71,634 | +€25,188 | +54.2% |
| Other tangible fixed assets | 26 | €4,050 | €2,720 | -€1,330 | -32.8% |
| Current assets | 29/58 | €268,067 | €254,710 | -€13,356 | -5.0% |
| Stocks and contracts in progress | 3 | €3,921 | €3,370 | -€551 | -14.1% |
| Stocks | 30/36 | €3,921 | €3,370 | -€551 | -14.1% |
| Amounts receivable within one year | 40/41 | €74,371 | €70,731 | -€3,640 | -4.9% |
| Trade receivables | 40 | €64,359 | €60,142 | -€4,217 | -6.6% |
| Other amounts receivable | 41 | €10,012 | €10,589 | +€577 | +5.8% |
| Current investments | 50/53 | €167,838 | €157,316 | -€10,522 | -6.3% |
| Cash at bank and in hand | 54/58 | €19,466 | €21,233 | +€1,767 | +9.1% |
| Deferred charges and accrued income | 490/1 | €2,471 | €2,060 | -€410 | -16.6% |
| Total equity and liabilities | 10/49 | €325,444 | €333,459 | +€8,015 | +2.5% |
| Equity | 10/15 | €189,830 | €188,948 | -€882 | -0.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €170,615 | €169,732 | -€882 | -0.5% |
| Distributable reserves | 133 | €170,615 | €169,732 | -€882 | -0.5% |
| Profit (loss) carried forward | 14 | €466 | €466 | = | 0.0% |
| Amounts payable | 17/49 | €135,614 | €144,511 | +€8,898 | +6.6% |
| Amounts payable after more than one year | 17 | €32,839 | €45,316 | +€12,476 | +38.0% |
| Financial debts | 170/4 | €32,839 | €45,316 | +€12,476 | +38.0% |
| Amounts payable within one year | 42/48 | €102,774 | €99,196 | -€3,579 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €8,909 | €15,781 | +€6,872 | +77.1% |
| Financial debts | 43 | €403 | - | -€403 | |
| Credit institutions | 430/8 | €403 | - | -€403 | |
| Trade debts | 44 | €34,837 | €41,713 | +€6,876 | +19.7% |
| Suppliers | 440/4 | €34,837 | €41,713 | +€6,876 | +19.7% |
| Taxes, remuneration and social security | 45 | €23,628 | €9,085 | -€14,543 | -61.6% |
| Taxes | 450/3 | €9,754 | €9,075 | -€679 | -7.0% |
| Remuneration and social security | 454/9 | €13,874 | €10 | -€13,864 | -99.9% |
| Other amounts payable | 47/48 | €34,997 | €32,617 | -€2,380 | -6.8% |
| Turnover | 70 | €476,391 | €466,717 | -€9,673 | -2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €423,337 | €415,935 | -€7,403 | -1.7% |
| Remuneration, social security and pensions | 62 | €16,434 | - | -€16,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,084 | €19,186 | +€10,102 | +111% |
| Other operating charges | 640/8 | €1,216 | €801 | -€415 | -34.1% |
| Gross operating margin | 9900 | €76,677 | €66,871 | -€9,806 | -12.8% |
| Operating profit (loss) | 9901 | €49,942 | €46,883 | -€3,059 | -6.1% |
| Financial income | 75/76B | €1,051 | €5,074 | +€4,023 | +383% |
| Recurring financial income | 75 | €1,051 | €5,074 | +€4,023 | +383% |
| Financial charges | 65/66B | €2,022 | €4,363 | +€2,341 | +116% |
| Recurring financial charges | 65 | €2,022 | €4,363 | +€2,341 | +116% |
| Profit (loss) for the period before taxes | 9903 | €48,971 | €47,594 | -€1,377 | -2.8% |
| Income taxes | 67/77 | €13,115 | €13,690 | +€576 | +4.4% |
| Profit (loss) for the period | 9904 | €35,857 | €33,904 | -€1,953 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,857 | €33,904 | -€1,953 | -5.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.