MULTIROAD: 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.
MULTIROAD
Largest movements
- Tangible fixed assets +€18,638
up €18,638 (+3085.0%), from €604 to €19,242
- Receivables within one year +€8,195
up €8,195 (+52.0%), from €15,761 to €23,956
of which Trade receivables: +€5,433
- Cash +€1,321
up €1,321 (+31.3%), from €4,215 to €5,535
mainly Trade debts (+€26,445) and Depreciation (+€2,365)
- Trade debts +€26,445
up €26,445 (+315.9%), from €8,370 to €34,815
- Other debts +€970
up €970 (+0.3%), from €310,977 to €311,947
- Profit (loss) carried forward +€789
up €789 (+0.1%), from -€727,062 to -€726,273
- Gross operating margin +€5,147
up €5,147, from -€1,635 to €3,512
- Depreciation +€1,517
up €1,517 (+178.9%), from €848 to €2,365
- Taxes -€352
no longer reported in 2025 (was €352)
- Financial charges +€177
up €177 (+344.9%), from €51 to €228
- Other operating charges -€108
down €108 (-45.5%), from €239 to €130
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 | €31,556 | €59,760 | +€28,203 | +89.4% |
| Fixed assets | 21/28 | €10,080 | €28,719 | +€18,638 | +184.9% |
| Tangible fixed assets | 22/27 | €604 | €19,242 | +€18,638 | +3085.0% |
| Furniture and vehicles | 24 | €604 | €19,242 | +€18,638 | +3085.0% |
| Financial fixed assets | 28 | €9,476 | €9,476 | = | 0.0% |
| Current assets | 29/58 | €21,476 | €31,041 | +€9,565 | +44.5% |
| Amounts receivable within one year | 40/41 | €15,761 | €23,956 | +€8,195 | +52.0% |
| Trade receivables | 40 | €10,989 | €16,422 | +€5,433 | +49.4% |
| Other amounts receivable | 41 | €4,772 | €7,534 | +€2,762 | +57.9% |
| Cash at bank and in hand | 54/58 | €4,215 | €5,535 | +€1,321 | +31.3% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,550 | +€50 | +3.3% |
| Total equity and liabilities | 10/49 | €31,556 | €59,760 | +€28,203 | +89.4% |
| Equity | 10/15 | -€495,215 | -€494,426 | +€789 | +0.2% |
| Contributions | 10/11 | €231,839 | €231,839 | = | 0.0% |
| Capital | 10 | €230,987 | €230,987 | = | 0.0% |
| Issued capital | 100 | €230,987 | €230,987 | = | 0.0% |
| Contributions outside capital | 11 | €852 | €852 | = | 0.0% |
| Share premium | 1100/10 | €852 | €852 | = | 0.0% |
| Reserves | 13 | €8 | €8 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8 | €8 | = | 0.0% |
| Legal reserve | 130 | €8 | €8 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€727,062 | -€726,273 | +€789 | +0.1% |
| Amounts payable | 17/49 | €526,772 | €554,186 | +€27,414 | +5.2% |
| Amounts payable within one year | 42/48 | €319,347 | €346,761 | +€27,414 | +8.6% |
| Trade debts | 44 | €8,370 | €34,815 | +€26,445 | +315.9% |
| Suppliers | 440/4 | €8,370 | €34,815 | +€26,445 | +315.9% |
| Other amounts payable | 47/48 | €310,977 | €311,947 | +€970 | +0.3% |
| Accrued charges and deferred income | 492/3 | €207,424 | €207,424 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €848 | €2,365 | +€1,517 | +178.9% |
| Other operating charges | 640/8 | €239 | €130 | -€108 | -45.5% |
| Gross operating margin | 9900 | -€1,635 | €3,512 | +€5,147 | |
| Operating profit (loss) | 9901 | -€2,721 | €1,017 | +€3,738 | |
| Financial charges | 65/66B | €51 | €228 | +€177 | +344.9% |
| Recurring financial charges | 65 | €51 | €228 | +€177 | +344.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,772 | €789 | +€3,562 | |
| Income taxes | 67/77 | €352 | - | -€352 | |
| Profit (loss) for the period | 9904 | -€3,125 | €789 | +€3,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,125 | €789 | +€3,914 |
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 9 October 2026 via checked.be.