MULTIPITCH: 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.
MULTIPITCH
Largest movements
- Receivables within one year -€110,033
down €110,033 (-96.8%), from €113,647 to €3,614
of which Other amounts receivable: -€92,911
- Cash -€24,921
down €24,921 (-40.4%), from €61,732 to €36,811
mainly Contributions, distributions and other (-€152,850) and Tax, wage and social debts (-€19,093)
- Tangible fixed assets -€9,755
down €9,755 (-16.7%), from €58,510 to €48,756
- Reserves -€129,992
down €129,992 (-99.4%), from €130,720 to €728
- Other debts +€22,850
new in 2025: €22,850
- Tax, wage and social debts -€19,093
down €19,093 (-55.2%), from €34,620 to €15,527
of which Taxes: -€16,307
- Debts after one year -€14,990
down €14,990 (-32.5%), from €46,174 to €31,185
- Trade debts -€6,083
down €6,083 (-80.7%), from €7,536 to €1,453
- Gross operating margin -€32,719
down €32,719 (-40.5%), from €80,880 to €48,160
- Taxes -€4,424
down €4,424 (-31.7%), from €13,939 to €9,515
- Financial income +€1,543
up €1,543 (+117.6%), from €1,311 to €2,854
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 | €236,812 | €89,883 | -€146,929 | -62.0% |
| Fixed assets | 21/28 | €58,510 | €48,756 | -€9,755 | -16.7% |
| Tangible fixed assets | 22/27 | €58,510 | €48,756 | -€9,755 | -16.7% |
| Furniture and vehicles | 24 | €58,510 | €48,756 | -€9,755 | -16.7% |
| Current assets | 29/58 | €178,302 | €41,127 | -€137,175 | -76.9% |
| Amounts receivable within one year | 40/41 | €113,647 | €3,614 | -€110,033 | -96.8% |
| Trade receivables | 40 | €18,453 | €1,331 | -€17,122 | -92.8% |
| Other amounts receivable | 41 | €95,194 | €2,283 | -€92,911 | -97.6% |
| Cash at bank and in hand | 54/58 | €61,732 | €36,811 | -€24,921 | -40.4% |
| Deferred charges and accrued income | 490/1 | €2,922 | €702 | -€2,220 | -76.0% |
| Total equity and liabilities | 10/49 | €236,812 | €89,883 | -€146,929 | -62.0% |
| Equity | 10/15 | €133,720 | €3,728 | -€129,992 | -97.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €130,720 | €728 | -€129,992 | -99.4% |
| Distributable reserves | 133 | €130,720 | €728 | -€129,992 | -99.4% |
| Amounts payable | 17/49 | €103,092 | €86,154 | -€16,938 | -16.4% |
| Amounts payable after more than one year | 17 | €46,174 | €31,185 | -€14,990 | -32.5% |
| Financial debts | 170/4 | €46,174 | €31,185 | -€14,990 | -32.5% |
| Amounts payable within one year | 42/48 | €56,758 | €54,820 | -€1,938 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €14,602 | €14,990 | +€388 | +2.7% |
| Trade debts | 44 | €7,536 | €1,453 | -€6,083 | -80.7% |
| Suppliers | 440/4 | €7,536 | €1,453 | -€6,083 | -80.7% |
| Taxes, remuneration and social security | 45 | €34,620 | €15,527 | -€19,093 | -55.2% |
| Taxes | 450/3 | €31,834 | €15,527 | -€16,307 | -51.2% |
| Remuneration and social security | 454/9 | €2,786 | - | -€2,786 | |
| Other amounts payable | 47/48 | - | €22,850 | +€22,850 | |
| Accrued charges and deferred income | 492/3 | €160 | €150 | -€10 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,233 | €16,672 | +€439 | +2.7% |
| Other operating charges | 640/8 | €291 | €490 | +€198 | +68.1% |
| Gross operating margin | 9900 | €80,880 | €48,160 | -€32,719 | -40.5% |
| Operating profit (loss) | 9901 | €64,355 | €30,999 | -€33,357 | -51.8% |
| Financial income | 75/76B | €1,311 | €2,854 | +€1,543 | +117.6% |
| Recurring financial income | 75 | €1,311 | €2,854 | +€1,543 | +117.6% |
| Financial charges | 65/66B | €1,858 | €1,480 | -€379 | -20.4% |
| Recurring financial charges | 65 | €1,858 | €1,480 | -€379 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €63,808 | €32,373 | -€31,436 | -49.3% |
| Income taxes | 67/77 | €13,939 | €9,515 | -€4,424 | -31.7% |
| Profit (loss) for the period | 9904 | €49,870 | €22,858 | -€27,011 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €49,870 | €22,858 | -€27,011 | -54.2% |
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 9 October 2026 via checked.be.