MULTIQA: 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.
What changed
MULTIQA
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€25,310
2024 · -€3,987-€21,323
Equity
€1.2m
2024 · €2.8m-€1.6m
Cash
€64,393
2024 · €79,591-€15,199
Balance sheet total
€3.1m
2024 · €3.2m-€81,025
Largest movements
Assets
- Tangible fixed assets -€47,801
down €47,801 (-4.7%), from €1.0m to €961,883
of which Furniture and vehicles: -€24,573
Equity and liabilities
- Reserves -€1.6m
down €1.6m (-57.3%), from €2.8m to €1.2m
of which Distributable reserves: -€1.6m
- Other debts +€1.6m
new in 2025: €1.6m
- Debts after one year -€114,018
down €114,018 (-81.2%), from €140,423 to €26,405
- Short-term financial debts +€100,000
up €100,000 (+142.9%), from €70,000 to €170,000
- Current portion of long-term debt -€32,938
down €32,938 (-22.4%), from €146,956 to €114,018
Income statement
- Gross operating margin -€139,476
down €139,476 (-79.4%), from €175,593 to €36,117
- Depreciation -€80,528
down €80,528 (-61.2%), from €131,636 to €51,108
- Financial charges -€4,109
down €4,109 (-24.8%), from €16,553 to €12,444
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.
Result 2024
-€3,987
Gross operating margin
-€139,476
Depreciation
+€80,528
Other operating charges
-€281
Other operating items
+€33,722
Financial income
+€171
Financial charges
+€4,109
Taxes
-€95
Result 2025
-€25,310
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.
From operations
+€1.6m
Investment
-€3,307
Financing
-€1.6m
Cash 2024
€79,591
From operations (derived)
+€1.6m
Net result for the year
-€25,310
Depreciation
+€51,108
Receivables within one year
+€20,903
Smaller working-capital items
+€481
Tax, wage and social debts
-€12,118
Other debts
+€1.6m
Investment (derived)
-€3,307
Investment in fixed assets (net)
-€3,307
Financing
-€1.6m
Debts after one year
-€114,018
Current portion of long-term debt
-€32,938
Short-term financial debts
+€100,000
Contributions, distributions and other
-€1.6m
Cash 2025
€64,393
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,215,928 | €3,134,903 | -€81,025 | -2.5% |
| Fixed assets | 21/28 | €2,920,643 | €2,872,843 | -€47,801 | -1.6% |
| Tangible fixed assets | 22/27 | €1,009,683 | €961,883 | -€47,801 | -4.7% |
| Land and buildings | 22 | €930,364 | €908,780 | -€21,584 | -2.3% |
| Plant, machinery and equipment | 23 | €1,965 | €1,364 | -€601 | -30.6% |
| Furniture and vehicles | 24 | €72,126 | €47,553 | -€24,573 | -34.1% |
| Other tangible fixed assets | 26 | €5,228 | €4,186 | -€1,042 | -19.9% |
| Financial fixed assets | 28 | €1,910,960 | €1,910,960 | = | 0.0% |
| Current assets | 29/58 | €295,285 | €262,060 | -€33,225 | -11.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,473 | €84,570 | -€20,903 | -19.8% |
| Trade receivables | 40 | €31,602 | €22,674 | -€8,928 | -28.3% |
| Other amounts receivable | 41 | €73,871 | €61,896 | -€11,975 | -16.2% |
| Cash at bank and in hand | 54/58 | €79,591 | €64,393 | -€15,199 | -19.1% |
| Deferred charges and accrued income | 490/1 | €10,221 | €13,098 | +€2,877 | +28.1% |
| Total equity and liabilities | 10/49 | €3,215,928 | €3,134,903 | -€81,025 | -2.5% |
| Equity | 10/15 | €2,843,015 | €1,230,706 | -€1.6m | -56.7% |
| Contributions | 10/11 | €31,200 | €31,200 | = | 0.0% |
| Reserves | 13 | €2,811,815 | €1,199,506 | -€1.6m | -57.3% |
| Non-distributable reserves | 130/1 | €1,199,013 | €1,199,013 | = | 0.0% |
| Other | 1319 | €1,199,013 | €1,199,013 | = | 0.0% |
| Distributable reserves | 133 | €1,612,802 | €492 | -€1.6m | -100.0% |
| Amounts payable | 17/49 | €372,913 | €1,904,197 | +€1.5m | +410.6% |
| Amounts payable after more than one year | 17 | €140,423 | €26,405 | -€114,018 | -81.2% |
| Financial debts | 170/4 | €140,423 | €26,405 | -€114,018 | -81.2% |
| Amounts payable within one year | 42/48 | €231,412 | €1,877,297 | +€1.6m | +711.2% |
| Current portion of amounts payable after more than one year | 42 | €146,956 | €114,018 | -€32,938 | -22.4% |
| Financial debts | 43 | €70,000 | €170,000 | +€100,000 | +142.9% |
| Credit institutions | 430/8 | €70,000 | €170,000 | +€100,000 | +142.9% |
| Trade debts | 44 | €1,739 | €5,679 | +€3,940 | +226.6% |
| Suppliers | 440/4 | €1,739 | €5,679 | +€3,940 | +226.6% |
| Taxes, remuneration and social security | 45 | €12,718 | €600 | -€12,118 | -95.3% |
| Taxes | 450/3 | €12,718 | €600 | -€12,118 | -95.3% |
| Other amounts payable | 47/48 | - | €1,587,000 | +€1.6m | |
| Accrued charges and deferred income | 492/3 | €1,077 | €495 | -€582 | -54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,636 | €51,108 | -€80,528 | -61.2% |
| Other operating charges | 640/8 | €2,083 | €2,365 | +€281 | +13.5% |
| Non-recurring operating charges | 66A | €34,063 | €341 | -€33,722 | -99.0% |
| Gross operating margin | 9900 | €175,593 | €36,117 | -€139,476 | -79.4% |
| Operating profit (loss) | 9901 | €7,811 | -€17,697 | -€25,508 | |
| Financial income | 75/76B | €5,114 | €5,285 | +€171 | +3.4% |
| Recurring financial income | 75 | €5,114 | €5,285 | +€171 | +3.4% |
| Financial charges | 65/66B | €16,553 | €12,444 | -€4,109 | -24.8% |
| Recurring financial charges | 65 | €16,553 | €12,444 | -€4,109 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,629 | -€24,857 | -€21,228 | -585.0% |
| Income taxes | 67/77 | €358 | €453 | +€95 | +26.5% |
| Profit (loss) for the period | 9904 | -€3,987 | -€25,310 | -€21,323 | -534.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,987 | -€25,310 | -€21,323 | -534.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.