MULTISERVE: 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.
MULTISERVE
Largest movements
- Tangible fixed assets -€1.2m
down €1.2m (-70.2%), from €1.7m to €520,776
of which Land and buildings: -€1.1m
- Cash +€598,321
up €598,321 (+97.8%), from €611,996 to €1.2m
mainly Investment in fixed assets (net) (+€1.2m) and Net result for the year (+€353,540)
- Receivables within one year +€220,979
up €220,979 (+2053.7%), from €10,760 to €231,739
- Profit (loss) carried forward -€667,645
no longer reported in 2025 (was €667,645)
- Reserves +€298,606
up €298,606 (+29.7%), from €1.0m to €1.3m
- Other debts -€253,477
no longer reported in 2025 (was €253,477)
- Tax, wage and social debts +€238,031
up €238,031 (+687.3%), from €34,635 to €272,666
- Current portion of long-term debt -€35,409
no longer reported in 2025 (was €35,409)
- Gross operating margin +€247,909
up €247,909 (+81.5%), from €304,127 to €552,036
- Depreciation -€77,529
down €77,529 (-87.0%), from €89,075 to €11,546
- Taxes +€31,836
up €31,836 (+205.0%), from €15,529 to €47,365
- Financial charges +€12,119
up €12,119 (+138.0%), from €8,780 to €20,899
- Other operating charges +€7,912
up €7,912 (+17.2%), from €46,087 to €53,999
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 | €2,371,931 | €1,962,831 | -€409,100 | -17.2% |
| Fixed assets | 21/28 | €1,746,886 | €520,776 | -€1.2m | -70.2% |
| Tangible fixed assets | 22/27 | €1,746,886 | €520,776 | -€1.2m | -70.2% |
| Land and buildings | 22 | €1,576,326 | €512,946 | -€1.1m | -67.5% |
| Plant, machinery and equipment | 23 | €45,558 | €7,830 | -€37,729 | -82.8% |
| Furniture and vehicles | 24 | €99,685 | - | -€99,685 | |
| Leasing and similar rights | 25 | €25,317 | - | -€25,317 | |
| Current assets | 29/58 | €625,045 | €1,442,056 | +€817,011 | +130.7% |
| Amounts receivable within one year | 40/41 | €10,760 | €231,739 | +€220,979 | +2053.7% |
| Other amounts receivable | 41 | €10,760 | €231,739 | +€220,979 | +2053.7% |
| Cash at bank and in hand | 54/58 | €611,996 | €1,210,317 | +€598,321 | +97.8% |
| Deferred charges and accrued income | 490/1 | €2,289 | - | -€2,289 | |
| Total equity and liabilities | 10/49 | €2,371,931 | €1,962,831 | -€409,100 | -17.2% |
| Equity | 10/15 | €2,024,899 | €1,655,860 | -€369,040 | -18.2% |
| Contributions | 10/11 | €351,000 | €351,000 | = | 0.0% |
| Reserves | 13 | €1,006,254 | €1,304,860 | +€298,606 | +29.7% |
| Distributable reserves | 133 | €1,006,254 | €1,304,860 | +€298,606 | +29.7% |
| Profit (loss) carried forward | 14 | €667,645 | - | -€667,645 | |
| Amounts payable | 17/49 | €347,032 | €306,972 | -€40,060 | -11.5% |
| Amounts payable within one year | 42/48 | €344,737 | €292,346 | -€52,391 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €35,409 | - | -€35,409 | |
| Trade debts | 44 | €21,216 | €19,681 | -€1,535 | -7.2% |
| Suppliers | 440/4 | €21,216 | €19,681 | -€1,535 | -7.2% |
| Taxes, remuneration and social security | 45 | €34,635 | €272,666 | +€238,031 | +687.3% |
| Taxes | 450/3 | €34,635 | €272,666 | +€238,031 | +687.3% |
| Other amounts payable | 47/48 | €253,477 | - | -€253,477 | |
| Accrued charges and deferred income | 492/3 | €2,295 | €14,626 | +€12,331 | +537.3% |
| Non-recurring operating income | 76A | - | €371,997 | +€371,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,075 | €11,546 | -€77,529 | -87.0% |
| Other operating charges | 640/8 | €46,087 | €53,999 | +€7,912 | +17.2% |
| Non-recurring operating charges | 66A | - | €68,229 | +€68,229 | |
| Gross operating margin | 9900 | €304,127 | €552,036 | +€247,909 | +81.5% |
| Operating profit (loss) | 9901 | €168,964 | €418,261 | +€249,297 | +147.5% |
| Financial income | 75/76B | €1,754 | €3,542 | +€1,789 | +102.0% |
| Recurring financial income | 75 | €1,754 | €3,542 | +€1,789 | +102.0% |
| Financial charges | 65/66B | €8,780 | €20,899 | +€12,119 | +138.0% |
| Recurring financial charges | 65 | €8,780 | €20,899 | +€12,119 | +138.0% |
| Profit (loss) for the period before taxes | 9903 | €161,938 | €400,905 | +€238,967 | +147.6% |
| Income taxes | 67/77 | €15,529 | €47,365 | +€31,836 | +205.0% |
| Profit (loss) for the period | 9904 | €146,409 | €353,540 | +€207,130 | +141.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,409 | €353,540 | +€207,130 | +141.5% |
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.