MULTIPROTEXION: 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.
MULTIPROTEXION
Largest movements
- Receivables within one year -€43,452
down €43,452 (-43.4%), from €100,187 to €56,735
- Cash +€3,683
up €3,683 (+52.6%), from €6,995 to €10,678
mainly Contributions, distributions and other (+€135,000) and Receivables within one year (+€43,452)
- Tangible fixed assets -€3,427
no longer reported in 2025 (was €3,427)
- Contributions +€135,000
up €135,000 (+99.2%), from €136,100 to €271,100
- Other debts -€116,927
no longer reported in 2025 (was €116,927)
- Trade debts -€87,193
down €87,193 (-31.8%), from €274,130 to €186,938
- Profit (loss) carried forward +€30,802
up €30,802 (+12.9%), from -€237,979 to -€207,178
- Tax, wage and social debts -€6,171
down €6,171 (-14.8%), from €41,678 to €35,507
of which Taxes: -€4,025
- Financial income -€15,000
down €15,000 (-100.0%), from €15,001 to €0
- Write-downs -€6,028
down €6,028 (-78.5%), from €7,676 to €1,647
- Depreciation -€2,703
down €2,703 (-93.1%), from €2,905 to €201
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 | €336,837 | €292,347 | -€44,489 | -13.2% |
| Fixed assets | 21/28 | €216,737 | €213,310 | -€3,427 | -1.6% |
| Tangible fixed assets | 22/27 | €3,427 | - | -€3,427 | |
| Furniture and vehicles | 24 | €3,427 | - | -€3,427 | |
| Financial fixed assets | 28 | €213,310 | €213,310 | = | 0.0% |
| Current assets | 29/58 | €120,100 | €79,037 | -€41,063 | -34.2% |
| Stocks and contracts in progress | 3 | €8,290 | €6,420 | -€1,870 | -22.6% |
| Stocks | 30/36 | €8,290 | €6,420 | -€1,870 | -22.6% |
| Amounts receivable within one year | 40/41 | €100,187 | €56,735 | -€43,452 | -43.4% |
| Trade receivables | 40 | €100,187 | €56,735 | -€43,452 | -43.4% |
| Cash at bank and in hand | 54/58 | €6,995 | €10,678 | +€3,683 | +52.6% |
| Deferred charges and accrued income | 490/1 | €4,627 | €5,204 | +€577 | +12.5% |
| Total equity and liabilities | 10/49 | €336,837 | €292,347 | -€44,489 | -13.2% |
| Equity | 10/15 | -€95,899 | €69,903 | +€165,802 | |
| Contributions | 10/11 | €136,100 | €271,100 | +€135,000 | +99.2% |
| Reserves | 13 | €5,980 | €5,980 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,120 | €4,120 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,979 | -€207,178 | +€30,802 | +12.9% |
| Amounts payable | 17/49 | €432,736 | €222,445 | -€210,291 | -48.6% |
| Amounts payable within one year | 42/48 | €432,736 | €222,445 | -€210,291 | -48.6% |
| Trade debts | 44 | €274,130 | €186,938 | -€87,193 | -31.8% |
| Suppliers | 440/4 | €274,130 | €186,938 | -€87,193 | -31.8% |
| Taxes, remuneration and social security | 45 | €41,678 | €35,507 | -€6,171 | -14.8% |
| Taxes | 450/3 | €13,488 | €9,463 | -€4,025 | -29.8% |
| Remuneration and social security | 454/9 | €28,191 | €26,044 | -€2,147 | -7.6% |
| Other amounts payable | 47/48 | €116,927 | - | -€116,927 | |
| Non-recurring operating income | 76A | - | €4,467 | +€4,467 | |
| Remuneration, social security and pensions | 62 | €171,337 | €172,794 | +€1,457 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,905 | €201 | -€2,703 | -93.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,676 | €1,647 | -€6,028 | -78.5% |
| Other operating charges | 640/8 | €646 | €570 | -€77 | -11.9% |
| Gross operating margin | 9900 | €206,515 | €206,606 | +€91 | 0.0% |
| Operating profit (loss) | 9901 | €23,952 | €31,394 | +€7,442 | +31.1% |
| Financial income | 75/76B | €15,001 | €0 | -€15,000 | -100.0% |
| Recurring financial income | 75 | €15,001 | €0 | -€15,000 | -100.0% |
| Financial charges | 65/66B | €273 | €291 | +€18 | +6.6% |
| Recurring financial charges | 65 | €273 | €291 | +€18 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €38,680 | €31,104 | -€7,576 | -19.6% |
| Income taxes | 67/77 | €296 | €302 | +€6 | +2.0% |
| Profit (loss) for the period | 9904 | €38,384 | €30,802 | -€7,582 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,384 | €30,802 | -€7,582 | -19.8% |
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 16 October 2026 via checked.be.