MULTINEX: 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.
MULTINEX
Largest movements
- Receivables within one year -€144,581
down €144,581 (-20.1%), from €720,113 to €575,531
of which Trade receivables: -€146,305
- Trade debts -€122,381
down €122,381 (-19.3%), from €632,808 to €510,427
- Other debts +€62,905
up €62,905 (+718%), from €8,766 to €71,671
- Short-term financial debts -€52,480
down €52,480 (-81.4%), from €64,451 to €11,971
- Profit (loss) carried forward -€29,239
down €29,239 (-45.7%), from -€63,948 to -€93,188
- Financial charges -€48,539
down €48,539 (-97.4%), from €49,826 to €1,287
of which Financial charges: -€44,797
- Financial income -€33,088
no longer reported in 2024 (was €33,088)
of which Non-recurring financial income: -€31,612
- Gross operating margin +€2,110
up €2,110 (+8.2%), from -€25,866 to -€23,755
- Depreciation +€1,955
up €1,955 (+199%), from €982 to €2,937
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €729,587 | €581,643 | -€147,944 | -20.3% |
| Fixed assets | 21/28 | €9,049 | €6,112 | -€2,937 | -32.5% |
| Tangible fixed assets | 22/27 | €8,803 | €5,866 | -€2,937 | -33.4% |
| Furniture and vehicles | 24 | €8,803 | €5,866 | -€2,937 | -33.4% |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €720,538 | €575,531 | -€145,007 | -20.1% |
| Amounts receivable within one year | 40/41 | €720,113 | €575,531 | -€144,581 | -20.1% |
| Trade receivables | 40 | €720,113 | €573,807 | -€146,305 | -20.3% |
| Other amounts receivable | 41 | - | €1,724 | +€1,724 | |
| Deferred charges and accrued income | 490/1 | €426 | - | -€426 | |
| Total equity and liabilities | 10/49 | €729,587 | €581,643 | -€147,944 | -20.3% |
| Equity | 10/15 | -€43,488 | -€72,728 | -€29,239 | -67.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,948 | -€93,188 | -€29,239 | -45.7% |
| Amounts payable | 17/49 | €773,075 | €654,371 | -€118,705 | -15.4% |
| Amounts payable within one year | 42/48 | €773,075 | €654,371 | -€118,705 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €54,506 | €54,506 | = | 0.0% |
| Financial debts | 43 | €64,451 | €11,971 | -€52,480 | -81.4% |
| Credit institutions | 430/8 | €64,451 | €11,971 | -€52,480 | -81.4% |
| Trade debts | 44 | €632,808 | €510,427 | -€122,381 | -19.3% |
| Suppliers | 440/4 | €632,808 | €510,427 | -€122,381 | -19.3% |
| Taxes, remuneration and social security | 45 | €12,544 | €5,796 | -€6,748 | -53.8% |
| Taxes | 450/3 | €12,544 | €5,796 | -€6,748 | -53.8% |
| Other amounts payable | 47/48 | €8,766 | €71,671 | +€62,905 | +718% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €982 | €2,937 | +€1,955 | +199% |
| Other operating charges | 640/8 | €1,488 | €1,260 | -€228 | -15.3% |
| Gross operating margin | 9900 | -€25,866 | -€23,755 | +€2,110 | +8.2% |
| Operating profit (loss) | 9901 | -€28,335 | -€27,952 | +€383 | +1.4% |
| Financial income | 75/76B | €33,088 | - | -€33,088 | |
| Recurring financial income | 75 | €1,477 | - | -€1,477 | |
| Non-recurring financial income | 76B | €31,612 | - | -€31,612 | |
| Financial charges | 65/66B | €49,826 | €1,287 | -€48,539 | -97.4% |
| Recurring financial charges | 65 | €46,084 | €1,287 | -€44,797 | -97.2% |
| Non-recurring financial charges | 66B | €3,742 | - | -€3,742 | |
| Profit (loss) for the period before taxes | 9903 | -€45,073 | -€29,239 | +€15,833 | +35.1% |
| Profit (loss) for the period | 9904 | -€45,073 | -€29,239 | +€15,833 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,073 | -€29,239 | +€15,833 | +35.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.