MULTIPRINT: 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.
MULTIPRINT
Largest movements
- Stocks and contracts +€23,896
up €23,896 (+20.9%), from €114,154 to €138,050
- Tangible fixed assets -€20,305
down €20,305 (-26.5%), from €76,726 to €56,421
of which Furniture and vehicles: -€15,694
- Receivables within one year -€15,493
down €15,493 (-16.3%), from €95,273 to €79,780
of which Other amounts receivable: -€12,887
- Debts after one year -€28,147
down €28,147 (-53.8%), from €52,322 to €24,175
- Trade debts +€21,729
up €21,729 (+40.6%), from €53,525 to €75,254
- Current portion of long-term debt -€10,009
down €10,009 (-26.2%), from €38,156 to €28,147
- Tax, wage and social debts +€7,492
up €7,492 (+13.6%), from €55,058 to €62,550
of which Remuneration and social security: +€11,477
- Profit (loss) carried forward -€5,828
down €5,828 (-123.4%), from -€4,721 to -€10,549
No income-statement line moved by more than 1% of the activity.
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 | €287,895 | €275,179 | -€12,716 | -4.4% |
| Fixed assets | 21/28 | €76,726 | €56,421 | -€20,305 | -26.5% |
| Tangible fixed assets | 22/27 | €76,726 | €56,421 | -€20,305 | -26.5% |
| Land and buildings | 22 | €18,708 | €18,708 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,031 | €9,420 | -€4,611 | -32.9% |
| Furniture and vehicles | 24 | €43,986 | €28,292 | -€15,694 | -35.7% |
| Current assets | 29/58 | €211,169 | €218,758 | +€7,589 | +3.6% |
| Stocks and contracts in progress | 3 | €114,154 | €138,050 | +€23,896 | +20.9% |
| Stocks | 30/36 | €114,154 | €138,050 | +€23,896 | +20.9% |
| Amounts receivable within one year | 40/41 | €95,273 | €79,780 | -€15,493 | -16.3% |
| Trade receivables | 40 | €80,854 | €78,248 | -€2,606 | -3.2% |
| Other amounts receivable | 41 | €14,420 | €1,532 | -€12,887 | -89.4% |
| Cash at bank and in hand | 54/58 | €197 | €198 | +€1 | +0.5% |
| Deferred charges and accrued income | 490/1 | €1,545 | €730 | -€814 | -52.7% |
| Total equity and liabilities | 10/49 | €287,895 | €275,179 | -€12,716 | -4.4% |
| Equity | 10/15 | €63,479 | €57,651 | -€5,828 | -9.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,721 | -€10,549 | -€5,828 | -123.4% |
| Amounts payable | 17/49 | €224,415 | €217,528 | -€6,888 | -3.1% |
| Amounts payable after more than one year | 17 | €52,322 | €24,175 | -€28,147 | -53.8% |
| Financial debts | 170/4 | €52,322 | €24,175 | -€28,147 | -53.8% |
| Amounts payable within one year | 42/48 | €171,749 | €193,001 | +€21,252 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €38,156 | €28,147 | -€10,009 | -26.2% |
| Financial debts | 43 | €22,909 | €27,051 | +€4,141 | +18.1% |
| Credit institutions | 430/8 | €20,140 | €24,773 | +€4,633 | +23.0% |
| Other loans | 439 | €2,769 | €2,277 | -€492 | -17.8% |
| Trade debts | 44 | €53,525 | €75,254 | +€21,729 | +40.6% |
| Suppliers | 440/4 | €53,525 | €75,254 | +€21,729 | +40.6% |
| Advances received on contracts in progress | 46 | €2,100 | - | -€2,100 | |
| Taxes, remuneration and social security | 45 | €55,058 | €62,550 | +€7,492 | +13.6% |
| Taxes | 450/3 | €18,685 | €14,700 | -€3,985 | -21.3% |
| Remuneration and social security | 454/9 | €36,373 | €47,850 | +€11,477 | +31.6% |
| Accrued charges and deferred income | 492/3 | €344 | €351 | +€7 | +2.0% |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €278,630 | €280,107 | +€1,477 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,838 | €21,873 | +€35 | +0.2% |
| Other operating charges | 640/8 | €10,883 | €10,723 | -€160 | -1.5% |
| Gross operating margin | 9900 | €311,667 | €312,354 | +€687 | +0.2% |
| Operating profit (loss) | 9901 | €317 | -€349 | -€665 | |
| Financial income | 75/76B | €2 | €69 | +€68 | +4179.6% |
| Recurring financial income | 75 | €2 | €69 | +€68 | +4179.6% |
| Financial charges | 65/66B | €5,949 | €5,370 | -€579 | -9.7% |
| Recurring financial charges | 65 | €5,949 | €5,370 | -€579 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,631 | -€5,649 | -€19 | -0.3% |
| Income taxes | 67/77 | €282 | €179 | -€104 | -36.7% |
| Profit (loss) for the period | 9904 | -€5,913 | -€5,828 | +€85 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,913 | -€5,828 | +€85 | +1.4% |
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.