MULTIPLAST: 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.
What changed
MULTIPLAST
NACE 46.900, Non-specialised wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€203,257
2024 · €63,305+€139,952
Equity
€4.3m
2024 · €4.1m+€203,258
Cash
€317,388
2024 · €485,222-€167,834
Balance sheet total
€6.4m
2024 · €6.2m+€232,035
Largest movements
Assets
- Tangible fixed assets +€350,444
up €350,444 (+17.2%), from €2.0m to €2.4m
of which Land and buildings: +€2.2m
- Cash -€167,834
down €167,834 (-34.6%), from €485,222 to €317,388
mainly Investment in fixed assets (net) (-€390,033) and Provisions (-€84,844)
- Receivables within one year +€66,844
up €66,844 (+2.1%), from €3.2m to €3.3m
of which Other amounts receivable: +€83,949
Equity and liabilities
- Reserves +€203,254
up €203,254 (+5.4%), from €3.8m to €4.0m
of which Distributable reserves: +€258,300
- Short-term financial debts +€200,000
up €200,000 (+80.0%), from €250,000 to €450,000
- Provisions -€84,844
down €84,844 (-17.6%), from €482,847 to €398,003
of which Provisions for liabilities and charges: -€71,083
Income statement
- Gross operating margin +€89,968
up €89,968 (+30.7%), from €293,246 to €383,214
- Provisions -€71,083
new in 2025: -€71,083
- Depreciation +€29,489
up €29,489 (+84.0%), from €35,100 to €64,589
- Staff costs -€17,429
down €17,429 (-8.2%), from €212,509 to €195,080
- Financial charges +€14,720
up €14,720 (+22.5%), from €65,514 to €80,234
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.
Result 2024
€63,305
Gross operating margin
+€89,968
Staff costs
+€17,429
Depreciation
-€29,489
Provisions
+€71,083
Other operating charges
+€2,661
Financial income
-€9,168
Financial charges
-€14,720
Taxes
-€1,574
Deferred taxes and other
+€13,762
Result 2025
€203,257
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.
From operations
+€65,887
Investment
-€390,033
Financing
+€156,312
Cash 2024
€485,222
From operations (derived)
+€65,887
Net result for the year
+€203,257
Depreciation
+€64,589
Stocks and contracts
-€17,808
Receivables within one year
-€66,844
Deferred charges and accrued income
+€10,227
Provisions
-€84,844
Trade debts
-€28,997
Tax, wage and social debts
+€7,124
Other debts
-€20,817
Investment (derived)
-€390,033
Investment in fixed assets (net)
-€390,033
Financing
+€156,312
Debts after one year
-€63,114
Current portion of long-term debt
+€19,425
Short-term financial debts
+€200,000
Contributions, distributions and other
+€1
Cash 2025
€317,388
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,208,125 | €6,440,160 | +€232,035 | +3.7% |
| Fixed assets | 21/28 | €2,058,235 | €2,383,679 | +€325,444 | +15.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €2,033,235 | €2,383,679 | +€350,444 | +17.2% |
| Land and buildings | 22 | €72,594 | €2,228,850 | +€2.2m | +2970.3% |
| Plant, machinery and equipment | 23 | €2,970 | €25,063 | +€22,093 | +743.9% |
| Furniture and vehicles | 24 | €70,703 | €129,766 | +€59,063 | +83.5% |
| Assets under construction and advance payments | 27 | €1,886,968 | - | -€1.9m | |
| Financial fixed assets | 28 | €25,000 | - | -€25,000 | |
| Current assets | 29/58 | €4,149,890 | €4,056,481 | -€93,409 | -2.3% |
| Stocks and contracts in progress | 3 | €460,609 | €478,417 | +€17,808 | +3.9% |
| Stocks | 30/36 | €460,609 | €478,417 | +€17,808 | +3.9% |
| Amounts receivable within one year | 40/41 | €3,185,152 | €3,251,996 | +€66,844 | +2.1% |
| Trade receivables | 40 | €469,110 | €452,005 | -€17,105 | -3.6% |
| Other amounts receivable | 41 | €2,716,042 | €2,799,991 | +€83,949 | +3.1% |
| Cash at bank and in hand | 54/58 | €485,222 | €317,388 | -€167,834 | -34.6% |
| Deferred charges and accrued income | 490/1 | €18,907 | €8,680 | -€10,227 | -54.1% |
| Total equity and liabilities | 10/49 | €6,208,125 | €6,440,160 | +€232,035 | +3.7% |
| Equity | 10/15 | €4,061,594 | €4,264,852 | +€203,258 | +5.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €3,761,515 | €3,964,769 | +€203,254 | +5.4% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,208,815 | €1,153,769 | -€55,046 | -4.6% |
| Distributable reserves | 133 | €2,522,700 | €2,781,000 | +€258,300 | +10.2% |
| Profit (loss) carried forward | 14 | €79 | €83 | +€4 | +5.1% |
| Provisions and deferred taxes | 16 | €482,847 | €398,003 | -€84,844 | -17.6% |
| Provisions for liabilities and charges | 160/5 | €111,283 | €40,200 | -€71,083 | -63.9% |
| Other liabilities and charges | 164/5 | €111,283 | €40,200 | -€71,083 | -63.9% |
| Deferred taxes | 168 | €371,564 | €357,803 | -€13,761 | -3.7% |
| Amounts payable | 17/49 | €1,663,684 | €1,777,305 | +€113,621 | +6.8% |
| Amounts payable after more than one year | 17 | €842,597 | €779,483 | -€63,114 | -7.5% |
| Financial debts | 170/4 | €842,597 | €779,483 | -€63,114 | -7.5% |
| Amounts payable within one year | 42/48 | €821,087 | €997,822 | +€176,735 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €111,108 | €130,533 | +€19,425 | +17.5% |
| Financial debts | 43 | €250,000 | €450,000 | +€200,000 | +80.0% |
| Credit institutions | 430/8 | €250,000 | €450,000 | +€200,000 | +80.0% |
| Trade debts | 44 | €290,843 | €261,846 | -€28,997 | -10.0% |
| Suppliers | 440/4 | €290,843 | €261,846 | -€28,997 | -10.0% |
| Taxes, remuneration and social security | 45 | €92,178 | €99,302 | +€7,124 | +7.7% |
| Taxes | 450/3 | €56,893 | €63,343 | +€6,450 | +11.3% |
| Remuneration and social security | 454/9 | €35,285 | €35,959 | +€674 | +1.9% |
| Other amounts payable | 47/48 | €76,958 | €56,141 | -€20,817 | -27.0% |
| Non-recurring operating income | 76A | €9,500 | - | -€9,500 | |
| Remuneration, social security and pensions | 62 | €212,509 | €195,080 | -€17,429 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,100 | €64,589 | +€29,489 | +84.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€71,083 | -€71,083 | |
| Other operating charges | 640/8 | €17,274 | €14,613 | -€2,661 | -15.4% |
| Gross operating margin | 9900 | €293,246 | €383,214 | +€89,968 | +30.7% |
| Operating profit (loss) | 9901 | €28,363 | €180,015 | +€151,652 | +534.7% |
| Financial income | 75/76B | €114,482 | €105,314 | -€9,168 | -8.0% |
| Recurring financial income | 75 | €114,482 | €105,314 | -€9,168 | -8.0% |
| Financial charges | 65/66B | €65,514 | €80,234 | +€14,720 | +22.5% |
| Recurring financial charges | 65 | €65,514 | €80,234 | +€14,720 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €77,331 | €205,095 | +€127,764 | +165.2% |
| Transfer from deferred taxes | 780 | - | €13,762 | +€13,762 | |
| Income taxes | 67/77 | €14,026 | €15,600 | +€1,574 | +11.2% |
| Profit (loss) for the period | 9904 | €63,305 | €203,257 | +€139,952 | +221.1% |
| Transfer from tax-exempt reserves | 789 | - | €55,047 | +€55,047 | |
| Transfer to tax-exempt reserves | 689 | €9,500 | - | -€9,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,805 | €258,304 | +€204,499 | +380.1% |
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 10 October 2026 via checked.be.