MULTIPOWR: 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.
MULTIPOWR
Largest movements
- Stocks and contracts +€286,192
up €286,192 (+41.8%), from €684,098 to €970,290
- Receivables within one year +€266,885
up €266,885 (+358.8%), from €74,391 to €341,276
of which Trade receivables: +€200,074
- Intangible fixed assets +€206,690
up €206,690 (+26.0%), from €795,336 to €1.0m
- Cash +€62,688
up €62,688 (+5268.5%), from €1,190 to €63,878
mainly Contributions, distributions and other (+€805,775) and Advances received (+€596,070)
- Contributions +€805,775
up €805,775 (+44.9%), from €1.8m to €2.6m
- Profit (loss) carried forward -€694,366
down €694,366 (-34.9%), from -€2.0m to -€2.7m
- Other debts -€673,558
down €673,558 (-97.1%), from €693,475 to €19,917
- Advances received +€596,070
up €596,070 (+314.1%), from €189,798 to €785,867
- Trade debts +€528,046
up €528,046 (+127.4%), from €414,368 to €942,414
- Gross operating margin +€796,996
up €796,996 (+94.0%), from -€847,936 to -€50,941
- Staff costs -€45,858
down €45,858 (-12.3%), from €373,257 to €327,399
- Depreciation +€45,466
up €45,466 (+20.0%), from €227,848 to €273,314
- Financial charges -€12,559
down €12,559 (-25.6%), from €48,980 to €36,421
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,663,011 | €2,495,566 | +€832,555 | +50.1% |
| Fixed assets | 21/28 | €903,333 | €1,112,605 | +€209,272 | +23.2% |
| Intangible fixed assets | 21 | €795,336 | €1,002,026 | +€206,690 | +26.0% |
| Tangible fixed assets | 22/27 | €104,847 | €110,579 | +€5,732 | +5.5% |
| Plant, machinery and equipment | 23 | €97,128 | €99,950 | +€2,822 | +2.9% |
| Furniture and vehicles | 24 | €7,719 | €10,629 | +€2,910 | +37.7% |
| Financial fixed assets | 28 | €3,150 | - | -€3,150 | |
| Current assets | 29/58 | €759,679 | €1,382,961 | +€623,283 | +82.0% |
| Stocks and contracts in progress | 3 | €684,098 | €970,290 | +€286,192 | +41.8% |
| Stocks | 30/36 | €684,098 | €970,290 | +€286,192 | +41.8% |
| Amounts receivable within one year | 40/41 | €74,391 | €341,276 | +€266,885 | +358.8% |
| Trade receivables | 40 | €27,996 | €228,070 | +€200,074 | +714.6% |
| Other amounts receivable | 41 | €46,395 | €113,206 | +€66,811 | +144.0% |
| Cash at bank and in hand | 54/58 | €1,190 | €63,878 | +€62,688 | +5268.5% |
| Deferred charges and accrued income | 490/1 | - | €7,518 | +€7,518 | |
| Total equity and liabilities | 10/49 | €1,663,011 | €2,495,566 | +€832,555 | +50.1% |
| Equity | 10/15 | -€196,186 | -€84,776 | +€111,409 | +56.8% |
| Contributions | 10/11 | €1,795,749 | €2,601,525 | +€805,775 | +44.9% |
| Capital | 10 | €1,795,749 | €2,601,525 | +€805,775 | +44.9% |
| Issued capital | 100 | €1,795,749 | €2,601,525 | +€805,775 | +44.9% |
| Profit (loss) carried forward | 14 | -€1,991,935 | -€2,686,301 | -€694,366 | -34.9% |
| Amounts payable | 17/49 | €1,859,197 | €2,580,342 | +€721,145 | +38.8% |
| Amounts payable within one year | 42/48 | €1,857,769 | €2,570,148 | +€712,380 | +38.3% |
| Financial debts | 43 | €504,018 | €755,680 | +€251,663 | +49.9% |
| Credit institutions | 430/8 | €504,018 | €755,680 | +€251,663 | +49.9% |
| Trade debts | 44 | €414,368 | €942,414 | +€528,046 | +127.4% |
| Suppliers | 440/4 | €414,368 | €942,414 | +€528,046 | +127.4% |
| Advances received on contracts in progress | 46 | €189,798 | €785,867 | +€596,070 | +314.1% |
| Taxes, remuneration and social security | 45 | €56,110 | €66,269 | +€10,160 | +18.1% |
| Taxes | 450/3 | €4,093 | €7,815 | +€3,722 | +90.9% |
| Remuneration and social security | 454/9 | €52,017 | €58,455 | +€6,438 | +12.4% |
| Other amounts payable | 47/48 | €693,475 | €19,917 | -€673,558 | -97.1% |
| Accrued charges and deferred income | 492/3 | €1,428 | €10,194 | +€8,765 | +613.7% |
| Remuneration, social security and pensions | 62 | €373,257 | €327,399 | -€45,858 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,848 | €273,314 | +€45,466 | +20.0% |
| Other operating charges | 640/8 | €3,912 | €7,472 | +€3,561 | +91.0% |
| Gross operating margin | 9900 | -€847,936 | -€50,941 | +€796,996 | +94.0% |
| Operating profit (loss) | 9901 | -€1,452,952 | -€659,126 | +€793,827 | +54.6% |
| Financial income | 75/76B | €107 | €1,181 | +€1,074 | +1007.4% |
| Recurring financial income | 75 | €107 | €1,181 | +€1,074 | +1007.4% |
| Financial charges | 65/66B | €48,980 | €36,421 | -€12,559 | -25.6% |
| Recurring financial charges | 65 | €48,980 | €36,421 | -€12,559 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,501,826 | -€694,365 | +€807,460 | +53.8% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€1,501,826 | -€694,366 | +€807,460 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,501,826 | -€694,366 | +€807,460 | +53.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.