MULTISYN: what changed
Two fiscal 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.
MULTISYN
Largest movements
- Cash -€60,602
down €60,602 (-70.8%), from €85,620 to €25,019
mainly Net result for the year (-€34,289) and Deferred charges and accrued income (-€28,713)
- Tangible fixed assets -€30,193
down €30,193 (-33.3%), from €90,772 to €60,579
of which Furniture and vehicles: -€27,126
- Deferred charges and accrued income +€28,713
up €28,713 (+241.9%), from €11,872 to €40,585
- Receivables within one year -€19,135
down €19,135 (-30.9%), from €62,019 to €42,884
of which Trade receivables: -€10,003
- Financial fixed assets +€10,000
up €10,000 (+3460.2%), from €289 to €10,289
- Profit (loss) carried forward -€34,289
down €34,289 (-31.0%), from €110,612 to €76,323
- Debts after one year -€19,344
down €19,344 (-54.7%), from €35,393 to €16,049
- Current portion of long-term debt -€14,901
down €14,901 (-43.5%), from €34,245 to €19,344
- Trade debts -€3,572
down €3,572 (-51.9%), from €6,885 to €3,313
- Staff costs +€156,082
up €156,082 (+29.4%), from €530,438 to €686,521
- Gross operating margin +€98,213
up €98,213 (+16.3%), from €602,011 to €700,224
- Taxes -€11,776
down €11,776 (-80.3%), from €14,669 to €2,894
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 | €309,656 | €237,062 | -€72,594 | -23.4% |
| Fixed assets | 21/28 | €93,345 | €71,774 | -€21,570 | -23.1% |
| Intangible fixed assets | 21 | €2,283 | €906 | -€1,377 | -60.3% |
| Tangible fixed assets | 22/27 | €90,772 | €60,579 | -€30,193 | -33.3% |
| Furniture and vehicles | 24 | €79,285 | €52,159 | -€27,126 | -34.2% |
| Other tangible fixed assets | 26 | €11,488 | €8,421 | -€3,067 | -26.7% |
| Financial fixed assets | 28 | €289 | €10,289 | +€10,000 | +3460.2% |
| Current assets | 29/58 | €216,311 | €165,288 | -€51,024 | -23.6% |
| Amounts receivable within one year | 40/41 | €62,019 | €42,884 | -€19,135 | -30.9% |
| Trade receivables | 40 | €40,781 | €30,778 | -€10,003 | -24.5% |
| Other amounts receivable | 41 | €21,239 | €12,106 | -€9,132 | -43.0% |
| Current investments | 50/53 | €56,800 | €56,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,620 | €25,019 | -€60,602 | -70.8% |
| Deferred charges and accrued income | 490/1 | €11,872 | €40,585 | +€28,713 | +241.9% |
| Total equity and liabilities | 10/49 | €309,656 | €237,062 | -€72,594 | -23.4% |
| Equity | 10/15 | €187,817 | €153,528 | -€34,289 | -18.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €58,655 | €58,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,800 | €56,800 | = | 0.0% |
| Own shares acquired | 1312 | €56,800 | €56,800 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,612 | €76,323 | -€34,289 | -31.0% |
| Amounts payable | 17/49 | €121,839 | €83,534 | -€38,305 | -31.4% |
| Amounts payable after more than one year | 17 | €35,393 | €16,049 | -€19,344 | -54.7% |
| Financial debts | 170/4 | €35,393 | €16,049 | -€19,344 | -54.7% |
| Amounts payable within one year | 42/48 | €86,446 | €67,484 | -€18,961 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €34,245 | €19,344 | -€14,901 | -43.5% |
| Trade debts | 44 | €6,885 | €3,313 | -€3,572 | -51.9% |
| Suppliers | 440/4 | €6,885 | €3,313 | -€3,572 | -51.9% |
| Taxes, remuneration and social security | 45 | €45,315 | €44,828 | -€488 | -1.1% |
| Taxes | 450/3 | €10,912 | €18,848 | +€7,936 | +72.7% |
| Remuneration and social security | 454/9 | €34,403 | €25,980 | -€8,423 | -24.5% |
| Non-recurring operating income | 76A | €7,112 | - | -€7,112 | |
| Remuneration, social security and pensions | 62 | €530,438 | €686,521 | +€156,082 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,276 | €30,023 | -€4,253 | -12.4% |
| Other operating charges | 640/8 | €4,561 | €3,030 | -€1,530 | -33.6% |
| Gross operating margin | 9900 | €602,011 | €700,224 | +€98,213 | +16.3% |
| Operating profit (loss) | 9901 | €32,736 | -€19,350 | -€52,085 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +505.9% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +505.9% |
| Financial charges | 65/66B | €6,622 | €12,047 | +€5,425 | +81.9% |
| Recurring financial charges | 65 | €6,622 | €12,047 | +€5,425 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €26,114 | -€31,395 | -€57,509 | |
| Income taxes | 67/77 | €14,669 | €2,894 | -€11,776 | -80.3% |
| Profit (loss) for the period | 9904 | €11,444 | -€34,289 | -€45,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,444 | -€34,289 | -€45,734 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.