MULTIMMO: what changed
MULTIMMO
Largest movements
- Tangible fixed assets -€56,608
down €56,608 (-9.5%), from €592,922 to €536,314
of which Land and buildings: -€47,713
- Cash -€50,931
down €50,931 (-23.5%), from €216,363 to €165,432
mainly Debts after one year (-€66,570) and Net result for the year (-€42,608)
- Receivables within one year -€32,647
down €32,647 (-11.5%), from €283,257 to €250,610
of which Other amounts receivable: -€19,149
- Debts after one year -€66,570
down €66,570 (-15.5%), from €428,873 to €362,303
- Profit (loss) carried forward -€42,608
down €42,608 (-13.8%), from €309,211 to €266,603
- Other debts -€25,674
down €25,674 (-39.1%), from €65,725 to €40,051
- Tax, wage and social debts -€15,125
down €15,125 (-20.3%), from €74,446 to €59,321
of which Taxes: -€18,199
- Gross operating margin -€59,715
down €59,715 (-22.9%), from €260,862 to €201,147
- Other operating charges +€14,435
up €14,435 (+22.2%), from €65,150 to €79,585
- Taxes -€12,864
down €12,864 (-100%), from €12,864 to €0
- Staff costs -€8,388
down €8,388 (-9.4%), from €89,075 to €80,686
- Financial charges -€7,595
down €7,595 (-29.9%), from €25,411 to €17,815
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 | €1,112,817 | €976,204 | -€136,613 | -12.3% |
| Fixed assets | 21/28 | €605,520 | €546,765 | -€58,755 | -9.7% |
| Intangible fixed assets | 21 | €10,015 | €7,867 | -€2,148 | -21.4% |
| Tangible fixed assets | 22/27 | €592,922 | €536,314 | -€56,608 | -9.5% |
| Land and buildings | 22 | €558,164 | €510,451 | -€47,713 | -8.5% |
| Plant, machinery and equipment | 23 | €10,052 | €7,230 | -€2,822 | -28.1% |
| Furniture and vehicles | 24 | €24,706 | €18,633 | -€6,073 | -24.6% |
| Financial fixed assets | 28 | €2,583 | €2,583 | = | 0.0% |
| Current assets | 29/58 | €507,297 | €429,439 | -€77,858 | -15.3% |
| Amounts receivable within one year | 40/41 | €283,257 | €250,610 | -€32,647 | -11.5% |
| Trade receivables | 40 | €160,632 | €147,134 | -€13,498 | -8.4% |
| Other amounts receivable | 41 | €122,625 | €103,476 | -€19,149 | -15.6% |
| Cash at bank and in hand | 54/58 | €216,363 | €165,432 | -€50,931 | -23.5% |
| Deferred charges and accrued income | 490/1 | €7,677 | €13,397 | +€5,720 | +74.5% |
| Total equity and liabilities | 10/49 | €1,112,817 | €976,204 | -€136,613 | -12.3% |
| Equity | 10/15 | €375,438 | €332,829 | -€42,608 | -11.3% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €47,527 | €47,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,870 | €1,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,870 | €1,870 | = | 0.0% |
| Tax-exempt reserves | 132 | €202 | €202 | = | 0.0% |
| Distributable reserves | 133 | €45,455 | €45,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | €309,211 | €266,603 | -€42,608 | -13.8% |
| Amounts payable | 17/49 | €737,379 | €643,374 | -€94,005 | -12.7% |
| Amounts payable after more than one year | 17 | €428,873 | €362,303 | -€66,570 | -15.5% |
| Financial debts | 170/4 | €428,873 | €362,303 | -€66,570 | -15.5% |
| Amounts payable within one year | 42/48 | €298,853 | €271,419 | -€27,434 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €64,488 | €66,570 | +€2,082 | +3.2% |
| Financial debts | 43 | - | €2,386 | +€2,386 | |
| Credit institutions | 430/8 | - | €2,386 | +€2,386 | |
| Trade debts | 44 | €94,194 | €103,091 | +€8,897 | +9.4% |
| Suppliers | 440/4 | €94,194 | €103,091 | +€8,897 | +9.4% |
| Taxes, remuneration and social security | 45 | €74,446 | €59,321 | -€15,125 | -20.3% |
| Taxes | 450/3 | €61,169 | €42,970 | -€18,199 | -29.8% |
| Remuneration and social security | 454/9 | €13,277 | €16,351 | +€3,074 | +23.2% |
| Other amounts payable | 47/48 | €65,725 | €40,051 | -€25,674 | -39.1% |
| Accrued charges and deferred income | 492/3 | €9,653 | €9,653 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €89,075 | €80,686 | -€8,388 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,304 | €65,668 | +€1,364 | +2.1% |
| Other operating charges | 640/8 | €65,150 | €79,585 | +€14,435 | +22.2% |
| Gross operating margin | 9900 | €260,862 | €201,147 | -€59,715 | -22.9% |
| Operating profit (loss) | 9901 | €42,332 | -€24,793 | -€67,126 | |
| Financial income | 75/76B | €125 | €0 | -€125 | -99.8% |
| Recurring financial income | 75 | €125 | €0 | -€125 | -99.8% |
| Financial charges | 65/66B | €25,411 | €17,815 | -€7,595 | -29.9% |
| Recurring financial charges | 65 | €25,411 | €17,815 | -€7,595 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €17,047 | -€42,608 | -€59,655 | |
| Income taxes | 67/77 | €12,864 | €0 | -€12,864 | -100% |
| Profit (loss) for the period | 9904 | €4,182 | -€42,608 | -€46,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,182 | -€42,608 | -€46,791 |
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 6 November 2026 via checked.be.