MULTIRANT: 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.
MULTIRANT
Largest movements
- Cash -€31,736
down €31,736 (-41.0%), from €77,433 to €45,697
mainly Net result for the year (-€32,496) and Debts after one year (-€12,357)
- Tangible fixed assets -€14,533
down €14,533 (-42.1%), from €34,536 to €20,003
of which Furniture and vehicles: -€13,071
- Receivables within one year -€2,844
down €2,844 (-20.7%), from €13,752 to €10,909
of which Trade receivables: -€1,859
- Profit (loss) carried forward -€32,496
down €32,496, from €2,648 to -€29,848
- Debts after one year -€12,357
down €12,357 (-74.3%), from €16,638 to €4,281
- Trade debts -€5,727
down €5,727 (-62.2%), from €9,208 to €3,481
- Other debts +€5,611
up €5,611 (+38.9%), from €14,421 to €20,032
- Tax, wage and social debts -€3,438
down €3,438 (-53.2%), from €6,468 to €3,029
of which Remuneration and social security: -€1,854
- Gross operating margin -€29,200
down €29,200 (-60.7%), from €48,119 to €18,918
- Staff costs +€6,158
up €6,158 (+27.9%), from €22,092 to €28,250
- Depreciation +€3,821
up €3,821 (+35.7%), from €10,711 to €14,533
- Other operating charges +€1,557
up €1,557 (+63.5%), from €2,453 to €4,009
- Taxes -€1,348
down €1,348 (-75.6%), from €1,784 to €436
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 | €141,641 | €93,933 | -€47,708 | -33.7% |
| Fixed assets | 21/28 | €42,436 | €27,903 | -€14,533 | -34.2% |
| Tangible fixed assets | 22/27 | €34,536 | €20,003 | -€14,533 | -42.1% |
| Furniture and vehicles | 24 | €30,400 | €17,329 | -€13,071 | -43.0% |
| Other tangible fixed assets | 26 | €4,136 | €2,674 | -€1,462 | -35.3% |
| Financial fixed assets | 28 | €7,900 | €7,900 | = | 0.0% |
| Current assets | 29/58 | €99,205 | €66,030 | -€33,175 | -33.4% |
| Stocks and contracts in progress | 3 | €1,892 | €2,948 | +€1,056 | +55.8% |
| Stocks | 30/36 | €1,892 | €2,948 | +€1,056 | +55.8% |
| Amounts receivable within one year | 40/41 | €13,752 | €10,909 | -€2,844 | -20.7% |
| Trade receivables | 40 | €2,319 | €460 | -€1,859 | -80.2% |
| Other amounts receivable | 41 | €11,434 | €10,449 | -€985 | -8.6% |
| Cash at bank and in hand | 54/58 | €77,433 | €45,697 | -€31,736 | -41.0% |
| Deferred charges and accrued income | 490/1 | €6,128 | €6,476 | +€348 | +5.7% |
| Total equity and liabilities | 10/49 | €141,641 | €93,933 | -€47,708 | -33.7% |
| Equity | 10/15 | €83,248 | €50,752 | -€32,496 | -39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,000 | €62,000 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,648 | -€29,848 | -€32,496 | |
| Amounts payable | 17/49 | €58,393 | €43,181 | -€15,212 | -26.1% |
| Amounts payable after more than one year | 17 | €16,638 | €4,281 | -€12,357 | -74.3% |
| Financial debts | 170/4 | €16,638 | €4,281 | -€12,357 | -74.3% |
| Amounts payable within one year | 42/48 | €41,755 | €38,900 | -€2,855 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €11,658 | €12,357 | +€698 | +6.0% |
| Trade debts | 44 | €9,208 | €3,481 | -€5,727 | -62.2% |
| Suppliers | 440/4 | €9,208 | €3,481 | -€5,727 | -62.2% |
| Taxes, remuneration and social security | 45 | €6,468 | €3,029 | -€3,438 | -53.2% |
| Taxes | 450/3 | €4,279 | €2,695 | -€1,584 | -37.0% |
| Remuneration and social security | 454/9 | €2,188 | €334 | -€1,854 | -84.7% |
| Other amounts payable | 47/48 | €14,421 | €20,032 | +€5,611 | +38.9% |
| Remuneration, social security and pensions | 62 | €22,092 | €28,250 | +€6,158 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,711 | €14,533 | +€3,821 | +35.7% |
| Other operating charges | 640/8 | €2,453 | €4,009 | +€1,557 | +63.5% |
| Gross operating margin | 9900 | €48,119 | €18,918 | -€29,200 | -60.7% |
| Operating profit (loss) | 9901 | €12,863 | -€27,874 | -€40,736 | |
| Financial charges | 65/66B | €4,865 | €4,186 | -€679 | -14.0% |
| Recurring financial charges | 65 | €4,865 | €4,186 | -€679 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €7,998 | -€32,060 | -€40,058 | |
| Income taxes | 67/77 | €1,784 | €436 | -€1,348 | -75.6% |
| Profit (loss) for the period | 9904 | €6,214 | -€32,496 | -€38,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,214 | -€32,496 | -€38,710 |
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 13 October 2026 via checked.be.