MULTIMODAL TRG: 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.
MULTIMODAL TRG
Largest movements
- Cash +€33,162
up €33,162 (+102.4%), from €32,380 to €65,542
mainly Net result for the year (+€36,918) and Depreciation (+€1,965)
- Receivables within one year +€3,704
new in 2025: €3,704
- Tangible fixed assets +€1,710
up €1,710 (+41.8%), from €4,092 to €5,802
- Deferred charges and accrued income -€1,474
down €1,474 (-25.2%), from €5,837 to €4,363
- Profit (loss) carried forward +€36,918
up €36,918 (+128.9%), from €28,634 to €65,552
- Gross operating margin +€19,186
up €19,186 (+61.4%), from €31,254 to €50,440
- Taxes +€3,733
up €3,733 (+64.9%), from €5,751 to €9,484
- Depreciation +€662
up €662 (+50.8%), from €1,303 to €1,965
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 | €42,310 | €79,412 | +€37,102 | +87.7% |
| Fixed assets | 21/28 | €4,092 | €5,802 | +€1,710 | +41.8% |
| Tangible fixed assets | 22/27 | €4,092 | €5,802 | +€1,710 | +41.8% |
| Furniture and vehicles | 24 | €4,092 | €5,802 | +€1,710 | +41.8% |
| Current assets | 29/58 | €38,217 | €73,610 | +€35,392 | +92.6% |
| Amounts receivable within one year | 40/41 | - | €3,704 | +€3,704 | |
| Trade receivables | 40 | - | €3,704 | +€3,704 | |
| Cash at bank and in hand | 54/58 | €32,380 | €65,542 | +€33,162 | +102.4% |
| Deferred charges and accrued income | 490/1 | €5,837 | €4,363 | -€1,474 | -25.2% |
| Total equity and liabilities | 10/49 | €42,310 | €79,412 | +€37,102 | +87.7% |
| Equity | 10/15 | €31,634 | €68,552 | +€36,918 | +116.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,634 | €65,552 | +€36,918 | +128.9% |
| Amounts payable | 17/49 | €10,676 | €10,860 | +€184 | +1.7% |
| Amounts payable within one year | 42/48 | €10,676 | €10,860 | +€184 | +1.7% |
| Trade debts | 44 | €776 | €732 | -€44 | -5.7% |
| Suppliers | 440/4 | €776 | €732 | -€44 | -5.7% |
| Taxes, remuneration and social security | 45 | €8,808 | €8,964 | +€156 | +1.8% |
| Taxes | 450/3 | €8,808 | €8,964 | +€156 | +1.8% |
| Other amounts payable | 47/48 | €1,092 | €1,164 | +€72 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,303 | €1,965 | +€662 | +50.8% |
| Gross operating margin | 9900 | €31,254 | €50,440 | +€19,186 | +61.4% |
| Operating profit (loss) | 9901 | €29,951 | €48,475 | +€18,523 | +61.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -69.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -69.5% |
| Financial charges | 65/66B | €2,219 | €2,073 | -€146 | -6.6% |
| Recurring financial charges | 65 | €2,219 | €2,073 | -€146 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €27,733 | €46,402 | +€18,669 | +67.3% |
| Income taxes | 67/77 | €5,751 | €9,484 | +€3,733 | +64.9% |
| Profit (loss) for the period | 9904 | €21,982 | €36,918 | +€14,936 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,982 | €36,918 | +€14,936 | +67.9% |
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 6 October 2026 via checked.be.