MultiTech: 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.
What changed
MultiTech
NACE 81.100, Combined facilities support activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€156,027
2023 · €159,964-€3,938
Equity
€2.7m
2023 · €2.5m+€156,027
Cash
€457,506
2023 · €262,759+€194,747
Balance sheet total
€3.2m
2023 · €3.0m+€274,844
Largest movements
Assets
- Receivables within one year -€222,261
down €222,261 (-28.1%), from €790,652 to €568,391
of which Other amounts receivable: -€175,901
- Cash +€194,747
up €194,747 (+74.1%), from €262,759 to €457,506
mainly Receivables within one year (+€222,261) and Net result for the year (+€156,027)
- Tangible fixed assets +€152,825
up €152,825 (+65.1%), from €234,839 to €387,664
- Current investments +€150,000
up €150,000 (+14.3%), from €1.1m to €1.2m
Equity and liabilities
- Profit (loss) carried forward +€156,027
up €156,027 (+7.8%), from €2.0m to €2.1m
- Advances received +€92,841
new in 2024: €92,841
Income statement
- Turnover +€454,223
up €454,223 (+13.5%), from €3.4m to €3.8m
- Services and other goods +€131,553
up €131,553 (+5.4%), from €2.4m to €2.6m
- Goods and materials +€111,232
up €111,232 (+32.3%), from €344,380 to €455,612
of which Change in stocks: decrease (increase): +€221,567
- Staff costs +€70,248
up €70,248 (+11.6%), from €607,084 to €677,332
- Other operating charges -€46,975
down €46,975 (-94.2%), from €49,863 to €2,888
From the 2023 result to the 2024 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.
Result 2023
€159,964
Turnover
+€454,223
Other operating income
-€3,069
Goods and materials
-€111,232
Services and other goods
-€131,553
Staff costs
-€70,248
Depreciation
+€1,542
Write-downs
-€39,655
Other operating charges
+€46,975
Other operating items
-€187,026
Financial income
+€16,794
Financial charges
-€5
Taxes
+€19,315
Result 2024
€156,027
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€505,558
Investment
-€310,812
Financing
€0
Cash 2023
€262,759
From operations (derived)
+€505,558
Net result for the year
+€156,027
Depreciation
+€9,149
Stocks and contracts
-€1,166
Receivables within one year
+€222,261
Deferred charges and accrued income
+€470
Trade debts
+€21,654
Tax, wage and social debts
-€6,678
Advances received
+€92,841
Accrued charges and deferred income
+€11,001
Investment (derived)
-€310,812
Investment in fixed assets (net)
-€160,812
Current investments
-€150,000
Cash 2024
€457,506
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,970,098 | €3,244,942 | +€274,844 | +9.3% |
| Fixed assets | 21/28 | €236,039 | €387,701 | +€151,662 | +64.3% |
| Tangible fixed assets | 22/27 | €234,839 | €387,664 | +€152,825 | +65.1% |
| Land and buildings | 22 | €218,812 | €237,247 | +€18,435 | +8.4% |
| Plant, machinery and equipment | 23 | €5,869 | €70,917 | +€65,048 | +1108.2% |
| Furniture and vehicles | 24 | €10,158 | €56,663 | +€46,505 | +457.8% |
| Assets under construction and advance payments | 27 | - | €22,836 | +€22,836 | |
| Financial fixed assets | 28 | €1,200 | €37 | -€1,163 | -96.9% |
| Other financial fixed assets | 284/8 | €1,200 | €37 | -€1,163 | -96.9% |
| Shares | 284 | €1,163 | - | -€1,163 | |
| Amounts receivable and cash guarantees | 285/8 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €2,734,059 | €2,857,241 | +€123,182 | +4.5% |
| Stocks and contracts in progress | 3 | €623,993 | €625,159 | +€1,166 | +0.2% |
| Stocks | 30/36 | €196,838 | €172,109 | -€24,729 | -12.6% |
| Raw materials and consumables | 30/31 | €196,838 | €172,109 | -€24,729 | -12.6% |
| Contracts in progress | 37 | €427,156 | €453,051 | +€25,895 | +6.1% |
| Amounts receivable within one year | 40/41 | €790,652 | €568,391 | -€222,261 | -28.1% |
| Trade receivables | 40 | €545,098 | €498,737 | -€46,361 | -8.5% |
| Other amounts receivable | 41 | €245,554 | €69,654 | -€175,901 | -71.6% |
| Current investments | 50/53 | €1,050,000 | €1,200,000 | +€150,000 | +14.3% |
| Other investments | 51/53 | €1,050,000 | €1,200,000 | +€150,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €262,759 | €457,506 | +€194,747 | +74.1% |
| Deferred charges and accrued income | 490/1 | €6,654 | €6,184 | -€470 | -7.1% |
| Total equity and liabilities | 10/49 | €2,970,098 | €3,244,942 | +€274,844 | +9.3% |
| Equity | 10/15 | €2,542,452 | €2,698,478 | +€156,027 | +6.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,992,452 | €2,148,478 | +€156,027 | +7.8% |
| Amounts payable | 17/49 | €427,646 | €546,463 | +€118,818 | +27.8% |
| Amounts payable within one year | 42/48 | €421,644 | €529,461 | +€107,817 | +25.6% |
| Trade debts | 44 | €328,796 | €350,450 | +€21,654 | +6.6% |
| Suppliers | 440/4 | €328,796 | €350,450 | +€21,654 | +6.6% |
| Advances received on contracts in progress | 46 | - | €92,841 | +€92,841 | |
| Taxes, remuneration and social security | 45 | €92,848 | €86,171 | -€6,678 | -7.2% |
| Taxes | 450/3 | €10,007 | €5,954 | -€4,053 | -40.5% |
| Remuneration and social security | 454/9 | €82,841 | €80,216 | -€2,625 | -3.2% |
| Accrued charges and deferred income | 492/3 | €6,001 | €17,002 | +€11,001 | +183.3% |
| Operating income | 70/76A | €3,599,861 | €3,863,990 | +€264,128 | +7.3% |
| Turnover | 70 | €3,360,974 | €3,815,197 | +€454,223 | +13.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €235,109 | €25,895 | -€209,214 | -89.0% |
| Own construction capitalised | 72 | - | €22,188 | +€22,188 | |
| Other operating income | 74 | €3,779 | €710 | -€3,069 | -81.2% |
| Operating charges | 60/66A | €3,400,064 | €3,704,234 | +€304,171 | +8.9% |
| Goods for resale, raw materials and consumables | 60 | €344,380 | €455,612 | +€111,232 | +32.3% |
| Purchases | 600/8 | €541,218 | €430,883 | -€110,335 | -20.4% |
| Change in stocks: decrease (increase) | 609 | -€196,838 | €24,729 | +€221,567 | |
| Services and other goods | 61 | €2,427,699 | €2,559,252 | +€131,553 | +5.4% |
| Remuneration, social security and pensions | 62 | €607,084 | €677,332 | +€70,248 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,692 | €9,149 | -€1,542 | -14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€39,655 | - | +€39,655 | |
| Other operating charges | 640/8 | €49,863 | €2,888 | -€46,975 | -94.2% |
| Operating profit (loss) | 9901 | €199,798 | €159,755 | -€40,043 | -20.0% |
| Financial income | 75/76B | €29,802 | €46,596 | +€16,794 | +56.4% |
| Recurring financial income | 75 | €29,802 | €46,596 | +€16,794 | +56.4% |
| Income from current assets | 751 | €29,801 | €44,337 | +€14,536 | +48.8% |
| Other financial income | 752/9 | €0 | €2,259 | +€2,259 | +2823525.0% |
| Financial charges | 65/66B | €100 | €105 | +€5 | +4.7% |
| Recurring financial charges | 65 | €100 | €105 | +€5 | +4.7% |
| Other financial charges | 652/9 | €100 | €105 | +€5 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €229,499 | €206,246 | -€23,253 | -10.1% |
| Income taxes | 67/77 | €69,535 | €50,220 | -€19,315 | -27.8% |
| Taxes | 670/3 | €69,982 | €56,030 | -€13,952 | -19.9% |
| Tax adjustments and reversals of tax provisions | 77 | €447 | €5,811 | +€5,363 | +1199.6% |
| Profit (loss) for the period | 9904 | €159,964 | €156,027 | -€3,938 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €159,964 | €156,027 | -€3,938 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.