Multisys: 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.
Multisys
Largest movements
- Deferred charges and accrued income -€9,917
down €9,917 (-50.0%), from €19,835 to €9,917
- Tangible fixed assets -€7,328
down €7,328 (-15.2%), from €48,281 to €40,952
- Receivables within one year +€5,807
up €5,807 (+50.5%), from €11,503 to €17,310
of which Trade receivables: +€5,895
- Advances received -€24,000
no longer reported in 2025 (was €24,000)
- Profit (loss) carried forward +€14,803
up €14,803 (+24.6%), from -€60,211 to -€45,407
- Reserves -€14,146
down €14,146 (-57.9%), from €24,444 to €10,298
of which Distributable reserves: -€14,146
- Trade debts +€11,947
up €11,947 (+3871.9%), from €309 to €12,255
- Gross operating margin -€10,683
down €10,683 (-54.9%), from €19,445 to €8,762
- Depreciation +€3,940
up €3,940 (+116.3%), from €3,388 to €7,328
- Other operating charges -€485
down €485 (-47.9%), from €1,013 to €528
- Financial charges -€341
down €341 (-57.8%), from €589 to €248
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 | €80,380 | €69,540 | -€10,840 | -13.5% |
| Fixed assets | 21/28 | €48,281 | €40,952 | -€7,328 | -15.2% |
| Tangible fixed assets | 22/27 | €48,281 | €40,952 | -€7,328 | -15.2% |
| Plant, machinery and equipment | 23 | €48,281 | €40,952 | -€7,328 | -15.2% |
| Current assets | 29/58 | €32,099 | €28,587 | -€3,512 | -10.9% |
| Amounts receivable within one year | 40/41 | €11,503 | €17,310 | +€5,807 | +50.5% |
| Trade receivables | 40 | €11,415 | €17,310 | +€5,895 | +51.6% |
| Other amounts receivable | 41 | €88 | - | -€88 | |
| Cash at bank and in hand | 54/58 | €762 | €1,361 | +€599 | +78.6% |
| Deferred charges and accrued income | 490/1 | €19,835 | €9,917 | -€9,917 | -50.0% |
| Total equity and liabilities | 10/49 | €80,380 | €69,540 | -€10,840 | -13.5% |
| Equity | 10/15 | €28,686 | €29,343 | +€658 | +2.3% |
| Contributions | 10/11 | €64,452 | €64,452 | = | 0.0% |
| Capital | 10 | €64,452 | €64,452 | = | 0.0% |
| Issued capital | 100 | €64,452 | €64,452 | = | 0.0% |
| Reserves | 13 | €24,444 | €10,298 | -€14,146 | -57.9% |
| Non-distributable reserves | 130/1 | €6,445 | €6,445 | = | 0.0% |
| Legal reserve | 130 | €6,445 | €6,445 | = | 0.0% |
| Distributable reserves | 133 | €17,999 | €3,853 | -€14,146 | -78.6% |
| Profit (loss) carried forward | 14 | -€60,211 | -€45,407 | +€14,803 | +24.6% |
| Amounts payable | 17/49 | €51,694 | €40,197 | -€11,498 | -22.2% |
| Amounts payable within one year | 42/48 | €51,694 | €40,197 | -€11,498 | -22.2% |
| Trade debts | 44 | €309 | €12,255 | +€11,947 | +3871.9% |
| Suppliers | 440/4 | €309 | €12,255 | +€11,947 | +3871.9% |
| Advances received on contracts in progress | 46 | €24,000 | - | -€24,000 | |
| Taxes, remuneration and social security | 45 | - | €555 | +€555 | |
| Taxes | 450/3 | - | €555 | +€555 | |
| Other amounts payable | 47/48 | €27,386 | €27,386 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,388 | €7,328 | +€3,940 | +116.3% |
| Other operating charges | 640/8 | €1,013 | €528 | -€485 | -47.9% |
| Gross operating margin | 9900 | €19,445 | €8,762 | -€10,683 | -54.9% |
| Operating profit (loss) | 9901 | €15,044 | €906 | -€14,138 | -94.0% |
| Financial charges | 65/66B | €589 | €248 | -€341 | -57.8% |
| Recurring financial charges | 65 | €589 | €248 | -€341 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €14,455 | €658 | -€13,797 | -95.4% |
| Profit (loss) for the period | 9904 | €14,455 | €658 | -€13,797 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,455 | €658 | -€13,797 | -95.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.