MULTIRENOV: 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.
MULTIRENOV
Largest movements
- Receivables within one year +€31,293
up €31,293 (+140.1%), from €22,337 to €53,630
of which Trade receivables: +€26,182
- Tangible fixed assets -€4,000
down €4,000 (-52.2%), from €7,667 to €3,667
- Profit (loss) carried forward +€19,036
up €19,036 (+134.2%), from €14,189 to €33,225
- Debts after one year -€8,684
no longer reported in 2025 (was €8,684)
- Trade debts +€7,069
up €7,069 (+678.6%), from €1,042 to €8,111
- Short-term financial debts +€6,415
up €6,415 (+114.8%), from €5,588 to €12,003
- Current portion of long-term debt +€3,459
new in 2025: €3,459
- Turnover -€96,710
no longer reported in 2025 (was €96,710)
- Purchases and services -€77,959
no longer reported in 2025 (was €77,959)
- Gross operating margin +€10,390
up €10,390 (+55.4%), from €18,751 to €29,141
- Financial charges +€2,070
up €2,070 (+62.1%), from €3,331 to €5,401
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,003 | €57,297 | +€27,293 | +91.0% |
| Fixed assets | 21/28 | €7,667 | €3,667 | -€4,000 | -52.2% |
| Tangible fixed assets | 22/27 | €7,667 | €3,667 | -€4,000 | -52.2% |
| Leasing and similar rights | 25 | €7,667 | €3,667 | -€4,000 | -52.2% |
| Current assets | 29/58 | €22,337 | €53,630 | +€31,293 | +140.1% |
| Amounts receivable within one year | 40/41 | €22,337 | €53,630 | +€31,293 | +140.1% |
| Trade receivables | 40 | €1,120 | €27,302 | +€26,182 | +2337.7% |
| Other amounts receivable | 41 | €21,217 | €26,328 | +€5,111 | +24.1% |
| Total equity and liabilities | 10/49 | €30,003 | €57,297 | +€27,293 | +91.0% |
| Equity | 10/15 | €14,689 | €33,725 | +€19,036 | +129.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,189 | €33,225 | +€19,036 | +134.2% |
| Amounts payable | 17/49 | €15,315 | €23,572 | +€8,258 | +53.9% |
| Amounts payable after more than one year | 17 | €8,684 | - | -€8,684 | |
| Financial debts | 170/4 | €8,684 | - | -€8,684 | |
| Amounts payable within one year | 42/48 | €6,630 | €23,572 | +€16,942 | +255.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,459 | +€3,459 | |
| Financial debts | 43 | €5,588 | €12,003 | +€6,415 | +114.8% |
| Credit institutions | 430/8 | €5,588 | €12,003 | +€6,415 | +114.8% |
| Trade debts | 44 | €1,042 | €8,111 | +€7,069 | +678.6% |
| Suppliers | 440/4 | €1,042 | €8,111 | +€7,069 | +678.6% |
| Turnover | 70 | €96,710 | - | -€96,710 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,959 | - | -€77,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,011 | €4,000 | -€11 | -0.3% |
| Other operating charges | 640/8 | - | €705 | +€705 | |
| Gross operating margin | 9900 | €18,751 | €29,141 | +€10,390 | +55.4% |
| Operating profit (loss) | 9901 | €14,740 | €24,437 | +€9,696 | +65.8% |
| Financial charges | 65/66B | €3,331 | €5,401 | +€2,070 | +62.1% |
| Recurring financial charges | 65 | €3,331 | €5,401 | +€2,070 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €11,409 | €19,036 | +€7,626 | +66.8% |
| Profit (loss) for the period | 9904 | €11,409 | €19,036 | +€7,626 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,409 | €19,036 | +€7,626 | +66.8% |
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 10 October 2026 via checked.be.