MULTIPAINS: 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.
MULTIPAINS
Largest movements
- Cash -€24,955
down €24,955 (-65.4%), from €38,164 to €13,210
mainly Investment in fixed assets (net) (-€22,226) and Debts after one year (-€10,375)
- Receivables within one year +€6,277
up €6,277 (+43.8%), from €14,322 to €20,599
of which Trade receivables: +€3,341
- Deferred charges and accrued income +€4,851
up €4,851 (+168.4%), from €2,881 to €7,732
- Reserves +€11,807
up €11,807 (+38.9%), from €30,331 to €42,138
- Debts after one year -€10,375
down €10,375 (-6.1%), from €170,323 to €159,948
- Current portion of long-term debt -€9,990
down €9,990 (-49.1%), from €20,365 to €10,375
- Other debts -€6,304
down €6,304 (-57.1%), from €11,033 to €4,729
- Accrued charges and deferred income +€6,021
up €6,021 (+206.8%), from €2,911 to €8,932
- Staff costs +€35,166
up €35,166 (+9.1%), from €385,461 to €420,627
- Gross operating margin +€28,354
up €28,354 (+6.5%), from €436,896 to €465,250
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 | €340,959 | €324,456 | -€16,503 | -4.8% |
| Fixed assets | 21/28 | €275,750 | €276,355 | +€606 | +0.2% |
| Tangible fixed assets | 22/27 | €274,420 | €275,025 | +€606 | +0.2% |
| Land and buildings | 22 | €237,866 | €232,014 | -€5,853 | -2.5% |
| Plant, machinery and equipment | 23 | €4,436 | €15,281 | +€10,846 | +244.5% |
| Furniture and vehicles | 24 | €15,465 | €16,310 | +€845 | +5.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €16,112 | €11,420 | -€4,692 | -29.1% |
| Assets under construction and advance payments | 27 | €540 | €0 | -€540 | -100.0% |
| Financial fixed assets | 28 | €1,330 | €1,330 | = | 0.0% |
| Current assets | 29/58 | €65,209 | €48,101 | -€17,109 | -26.2% |
| Stocks and contracts in progress | 3 | €9,842 | €6,559 | -€3,283 | -33.4% |
| Stocks | 30/36 | €9,842 | €6,559 | -€3,283 | -33.4% |
| Amounts receivable within one year | 40/41 | €14,322 | €20,599 | +€6,277 | +43.8% |
| Trade receivables | 40 | €12,023 | €15,364 | +€3,341 | +27.8% |
| Other amounts receivable | 41 | €2,299 | €5,236 | +€2,937 | +127.7% |
| Cash at bank and in hand | 54/58 | €38,164 | €13,210 | -€24,955 | -65.4% |
| Deferred charges and accrued income | 490/1 | €2,881 | €7,732 | +€4,851 | +168.4% |
| Total equity and liabilities | 10/49 | €340,959 | €324,456 | -€16,503 | -4.8% |
| Equity | 10/15 | €48,931 | €60,738 | +€11,807 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,331 | €42,138 | +€11,807 | +38.9% |
| Distributable reserves | 133 | €30,331 | €42,138 | +€11,807 | +38.9% |
| Amounts payable | 17/49 | €292,028 | €263,718 | -€28,310 | -9.7% |
| Amounts payable after more than one year | 17 | €170,323 | €159,948 | -€10,375 | -6.1% |
| Financial debts | 170/4 | €170,323 | €159,948 | -€10,375 | -6.1% |
| Amounts payable within one year | 42/48 | €118,794 | €94,837 | -€23,956 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €20,365 | €10,375 | -€9,990 | -49.1% |
| Trade debts | 44 | €46,961 | €44,393 | -€2,568 | -5.5% |
| Suppliers | 440/4 | €46,961 | €44,393 | -€2,568 | -5.5% |
| Taxes, remuneration and social security | 45 | €40,435 | €35,340 | -€5,095 | -12.6% |
| Taxes | 450/3 | €1,776 | €2,546 | +€770 | +43.3% |
| Remuneration and social security | 454/9 | €38,659 | €32,794 | -€5,865 | -15.2% |
| Other amounts payable | 47/48 | €11,033 | €4,729 | -€6,304 | -57.1% |
| Accrued charges and deferred income | 492/3 | €2,911 | €8,932 | +€6,021 | +206.8% |
| Remuneration, social security and pensions | 62 | €385,461 | €420,627 | +€35,166 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,412 | €21,620 | +€208 | +1.0% |
| Other operating charges | 640/8 | €4,337 | €3,282 | -€1,055 | -24.3% |
| Gross operating margin | 9900 | €436,896 | €465,250 | +€28,354 | +6.5% |
| Operating profit (loss) | 9901 | €25,685 | €19,721 | -€5,964 | -23.2% |
| Financial income | 75/76B | €2,091 | €3,415 | +€1,323 | +63.3% |
| Recurring financial income | 75 | €2,091 | €3,415 | +€1,323 | +63.3% |
| Financial charges | 65/66B | €9,954 | €9,969 | +€15 | +0.1% |
| Recurring financial charges | 65 | €9,954 | €9,969 | +€15 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €17,823 | €13,167 | -€4,656 | -26.1% |
| Income taxes | 67/77 | €1,776 | €1,360 | -€417 | -23.5% |
| Profit (loss) for the period | 9904 | €16,046 | €11,807 | -€4,239 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,046 | €11,807 | -€4,239 | -26.4% |
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 11 October 2026 via checked.be.