Multiple Business Activities & Co: 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.
Multiple Business Activities & Co
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€162,041
down €162,041 (-55.1%), from €294,166 to €132,125
mainly Current investments (-€200,000) and Contributions, distributions and other (-€19,000)
- Receivables within one year +€11,890
up €11,890 (+49.9%), from €23,850 to €35,739
of which Other amounts receivable: +€10,055
- Reserves +€42,000
up €42,000 (+17.5%), from €239,860 to €281,860
- Tax, wage and social debts +€6,400
up €6,400 (+72.7%), from €8,800 to €15,200
- Gross operating margin +€23,340
up €23,340 (+38.6%), from €60,423 to €83,763
- Taxes +€5,518
up €5,518 (+28.1%), from €19,638 to €25,156
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.
Derived cash bridge
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 | €320,029 | €369,729 | +€49,700 | +15.5% |
| Fixed assets | 21/28 | €1,865 | €1,865 | = | 0.0% |
| Financial fixed assets | 28 | €1,865 | €1,865 | = | 0.0% |
| Current assets | 29/58 | €318,164 | €367,864 | +€49,700 | +15.6% |
| Amounts receivable within one year | 40/41 | €23,850 | €35,739 | +€11,890 | +49.9% |
| Trade receivables | 40 | €20,192 | €22,027 | +€1,835 | +9.1% |
| Other amounts receivable | 41 | €3,658 | €13,713 | +€10,055 | +275% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €294,166 | €132,125 | -€162,041 | -55.1% |
| Deferred charges and accrued income | 490/1 | €149 | €0 | -€149 | -100% |
| Total equity and liabilities | 10/49 | €320,029 | €369,729 | +€49,700 | +15.5% |
| Equity | 10/15 | €278,833 | €321,090 | +€42,257 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €239,860 | €281,860 | +€42,000 | +17.5% |
| Distributable reserves | 133 | €239,860 | €281,860 | +€42,000 | +17.5% |
| Profit (loss) carried forward | 14 | €26,573 | €26,830 | +€257 | +1.0% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €31,196 | €38,640 | +€7,443 | +23.9% |
| Amounts payable within one year | 42/48 | €31,196 | €36,840 | +€5,643 | +18.1% |
| Trade debts | 44 | €2,396 | €2,640 | +€243 | +10.2% |
| Suppliers | 440/4 | €2,396 | €2,640 | +€243 | +10.2% |
| Taxes, remuneration and social security | 45 | €8,800 | €15,200 | +€6,400 | +72.7% |
| Taxes | 450/3 | €8,800 | €15,200 | +€6,400 | +72.7% |
| Other amounts payable | 47/48 | €20,000 | €19,000 | -€1,000 | -5.0% |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €14 | €0 | -€14 | -100% |
| Gross operating margin | 9900 | €60,423 | €83,763 | +€23,340 | +38.6% |
| Operating profit (loss) | 9901 | €60,410 | €83,763 | +€23,354 | +38.7% |
| Financial income | 75/76B | €3,099 | €2,960 | -€139 | -4.5% |
| Recurring financial income | 75 | €3,099 | €2,960 | -€139 | -4.5% |
| Financial charges | 65/66B | €128 | €309 | +€181 | +141% |
| Recurring financial charges | 65 | €128 | €309 | +€181 | +141% |
| Profit (loss) for the period before taxes | 9903 | €63,380 | €86,413 | +€23,033 | +36.3% |
| Income taxes | 67/77 | €19,638 | €25,156 | +€5,518 | +28.1% |
| Profit (loss) for the period | 9904 | €43,742 | €61,257 | +€17,515 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,742 | €61,257 | +€17,515 | +40.0% |
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 29 October 2026 via checked.be.