Multiply: 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.
Multiply
Largest movements
- Current investments -€86,409
down €86,409 (-58.0%), from €149,030 to €62,621
- Cash +€20,785
up €20,785 (+70.0%), from €29,714 to €50,499
mainly Net result for the year (+€201,091) and Current investments (+€86,409)
- Tangible fixed assets +€17,203
up €17,203 (+670%), from €2,567 to €19,770
- Receivables within one year -€14,245
down €14,245 (-10.7%), from €133,144 to €118,899
of which Trade receivables: -€25,080
- Other debts -€40,964
down €40,964 (-19.3%), from €212,664 to €171,700
- Tax, wage and social debts -€20,337
down €20,337 (-24.9%), from €81,759 to €61,422
- Gross operating margin -€13,979
down €13,979 (-5.0%), from €280,362 to €266,384
- Taxes -€5,098
down €5,098 (-7.6%), from €66,805 to €61,707
- Financial income -€3,470
down €3,470 (-80.5%), from €4,312 to €841
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 | €316,221 | €252,712 | -€63,509 | -20.1% |
| Fixed assets | 21/28 | €2,567 | €19,770 | +€17,203 | +670% |
| Tangible fixed assets | 22/27 | €2,567 | €19,770 | +€17,203 | +670% |
| Furniture and vehicles | 24 | €2,567 | €19,770 | +€17,203 | +670% |
| Current assets | 29/58 | €313,654 | €232,942 | -€80,712 | -25.7% |
| Amounts receivable within one year | 40/41 | €133,144 | €118,899 | -€14,245 | -10.7% |
| Trade receivables | 40 | €129,908 | €104,828 | -€25,080 | -19.3% |
| Other amounts receivable | 41 | €3,236 | €14,071 | +€10,835 | +335% |
| Current investments | 50/53 | €149,030 | €62,621 | -€86,409 | -58.0% |
| Cash at bank and in hand | 54/58 | €29,714 | €50,499 | +€20,785 | +70.0% |
| Deferred charges and accrued income | 490/1 | €1,766 | €924 | -€843 | -47.7% |
| Total equity and liabilities | 10/49 | €316,221 | €252,712 | -€63,509 | -20.1% |
| Equity | 10/15 | €20,481 | €19,572 | -€909 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,881 | €972 | -€909 | -48.3% |
| Distributable reserves | 133 | €1,881 | €972 | -€909 | -48.3% |
| Amounts payable | 17/49 | €295,739 | €233,140 | -€62,600 | -21.2% |
| Amounts payable within one year | 42/48 | €295,499 | €233,135 | -€62,364 | -21.1% |
| Trade debts | 44 | €1,076 | €13 | -€1,063 | -98.8% |
| Suppliers | 440/4 | €1,076 | €13 | -€1,063 | -98.8% |
| Taxes, remuneration and social security | 45 | €81,759 | €61,422 | -€20,337 | -24.9% |
| Taxes | 450/3 | €81,759 | €61,422 | -€20,337 | -24.9% |
| Other amounts payable | 47/48 | €212,664 | €171,700 | -€40,964 | -19.3% |
| Accrued charges and deferred income | 492/3 | €241 | €4 | -€236 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €2,492 | +€1,756 | +239% |
| Other operating charges | 640/8 | €617 | €595 | -€22 | -3.5% |
| Gross operating margin | 9900 | €280,362 | €266,384 | -€13,979 | -5.0% |
| Operating profit (loss) | 9901 | €279,009 | €263,297 | -€15,713 | -5.6% |
| Financial income | 75/76B | €4,312 | €841 | -€3,470 | -80.5% |
| Recurring financial income | 75 | €4,312 | €841 | -€3,470 | -80.5% |
| Financial charges | 65/66B | €304 | €1,340 | +€1,036 | +341% |
| Recurring financial charges | 65 | €304 | €1,340 | +€1,036 | +341% |
| Profit (loss) for the period before taxes | 9903 | €283,017 | €262,798 | -€20,219 | -7.1% |
| Income taxes | 67/77 | €66,805 | €61,707 | -€5,098 | -7.6% |
| Profit (loss) for the period | 9904 | €216,213 | €201,091 | -€15,122 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €216,213 | €201,091 | -€15,122 | -7.0% |
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 31 October 2026 via checked.be.