Multiple Use: what changed
Two fiscal 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 Use
Largest movements
- Receivables within one year +€27,806
up €27,806 (+53.1%), from €52,364 to €80,170
of which Trade receivables: +€26,385
- Tangible fixed assets -€26,693
down €26,693 (-4.4%), from €610,534 to €583,841
of which Land and buildings: -€26,693
- Profit (loss) carried forward +€34,496
up €34,496, from -€34,496 to €0
- Tax, wage and social debts -€30,330
down €30,330 (-97.4%), from €31,145 to €814
of which Taxes: -€30,330
- Debts after one year -€25,205
down €25,205 (-4.5%), from €563,755 to €538,550
of which Financial debts: -€25,205
- Other debts +€9,831
up €9,831 (+16.3%), from €60,200 to €70,031
- Reserves +€8,141
new in 2025: €8,141
- Other operating charges -€53,698
down €53,698 (-93.2%), from €57,591 to €3,893
- Gross operating margin +€31,042
up €31,042 (+51.0%), from €60,858 to €91,899
- Depreciation +€4,562
up €4,562 (+20.6%), from €22,131 to €26,693
- Financial charges +€2,231
up €2,231 (+14.3%), from €15,631 to €17,862
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 | €670,154 | €672,812 | +€2,658 | +0.4% |
| Fixed assets | 21/28 | €610,534 | €583,841 | -€26,693 | -4.4% |
| Tangible fixed assets | 22/27 | €610,534 | €583,841 | -€26,693 | -4.4% |
| Land and buildings | 22 | €610,534 | €583,841 | -€26,693 | -4.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €59,620 | €88,971 | +€29,351 | +49.2% |
| Amounts receivable within one year | 40/41 | €52,364 | €80,170 | +€27,806 | +53.1% |
| Trade receivables | 40 | €52,364 | €78,749 | +€26,385 | +50.4% |
| Other amounts receivable | 41 | €0 | €1,422 | +€1,422 | |
| Cash at bank and in hand | 54/58 | €7,139 | €8,495 | +€1,356 | +19.0% |
| Deferred charges and accrued income | 490/1 | €117 | €306 | +€189 | +161.0% |
| Total equity and liabilities | 10/49 | €670,154 | €672,812 | +€2,658 | +0.4% |
| Equity | 10/15 | -€9,496 | €33,141 | +€42,637 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €8,141 | +€8,141 | |
| Distributable reserves | 133 | - | €8,141 | +€8,141 | |
| Profit (loss) carried forward | 14 | -€34,496 | €0 | +€34,496 | |
| Amounts payable | 17/49 | €679,650 | €639,671 | -€39,979 | -5.9% |
| Amounts payable after more than one year | 17 | €563,755 | €538,550 | -€25,205 | -4.5% |
| Financial debts | 170/4 | €453,755 | €428,550 | -€25,205 | -5.6% |
| Other amounts payable | 178/9 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €115,895 | €96,321 | -€19,574 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €24,264 | €25,205 | +€941 | +3.9% |
| Trade debts | 44 | €286 | €271 | -€15 | -5.2% |
| Suppliers | 440/4 | €286 | €271 | -€15 | -5.2% |
| Taxes, remuneration and social security | 45 | €31,145 | €814 | -€30,330 | -97.4% |
| Taxes | 450/3 | €31,145 | €814 | -€30,330 | -97.4% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €60,200 | €70,031 | +€9,831 | +16.3% |
| Accrued charges and deferred income | 492/3 | - | €4,800 | +€4,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,131 | €26,693 | +€4,562 | +20.6% |
| Other operating charges | 640/8 | €57,591 | €3,893 | -€53,698 | -93.2% |
| Gross operating margin | 9900 | €60,858 | €91,899 | +€31,042 | +51.0% |
| Operating profit (loss) | 9901 | -€18,865 | €61,313 | +€80,178 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €15,631 | €17,862 | +€2,231 | +14.3% |
| Recurring financial charges | 65 | €15,631 | €17,862 | +€2,231 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,496 | €43,451 | +€77,947 | |
| Income taxes | 67/77 | - | €814 | +€814 | |
| Profit (loss) for the period | 9904 | -€34,496 | €42,637 | +€77,133 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,496 | €42,637 | +€77,133 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.