Multitech: 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.
Multitech
Largest movements
- Receivables within one year +€14,935
up €14,935 (+23.2%), from €64,498 to €79,433
of which Other amounts receivable: +€28,413
- Tangible fixed assets -€11,244
down €11,244 (-39.1%), from €28,726 to €17,482
of which Furniture and vehicles: -€8,269
- Cash +€5,869
up €5,869 (+97.4%), from €6,024 to €11,893
mainly Other debts (+€37,430) and Net result for the year (+€37,174)
- Stocks and contracts -€3,589
down €3,589 (-11.3%), from €31,857 to €28,268
- Reserves -€38,597
no longer reported in 2025 (was €38,597)
- Other debts +€37,430
up €37,430 (+97.6%), from €38,341 to €75,771
- Debts after one year -€9,691
down €9,691 (-49.1%), from €19,738 to €10,047
- Tax, wage and social debts +€7,632
up €7,632 (+106.8%), from €7,144 to €14,775
- Trade debts +€7,595
up €7,595 (+43.6%), from €17,417 to €25,012
- Gross operating margin +€25,337
up €25,337 (+66.2%), from €38,295 to €63,632
- Taxes +€7,632
up €7,632 (+106.8%), from €7,144 to €14,775
- Financial income +€760
up €760 (+38.9%), from €1,954 to €2,714
of which Financial income: +€1,725
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 | €135,585 | €140,297 | +€4,712 | +3.5% |
| Fixed assets | 21/28 | €30,403 | €18,739 | -€11,664 | -38.4% |
| Intangible fixed assets | 21 | €1,677 | €1,257 | -€420 | -25.1% |
| Tangible fixed assets | 22/27 | €28,726 | €17,482 | -€11,244 | -39.1% |
| Plant, machinery and equipment | 23 | €7,991 | €5,016 | -€2,975 | -37.2% |
| Furniture and vehicles | 24 | €20,735 | €12,467 | -€8,269 | -39.9% |
| Current assets | 29/58 | €105,182 | €121,558 | +€16,376 | +15.6% |
| Stocks and contracts in progress | 3 | €31,857 | €28,268 | -€3,589 | -11.3% |
| Stocks | 30/36 | €31,857 | €28,268 | -€3,589 | -11.3% |
| Amounts receivable within one year | 40/41 | €64,498 | €79,433 | +€14,935 | +23.2% |
| Trade receivables | 40 | €26,075 | €12,596 | -€13,479 | -51.7% |
| Other amounts receivable | 41 | €38,423 | €66,837 | +€28,413 | +73.9% |
| Cash at bank and in hand | 54/58 | €6,024 | €11,893 | +€5,869 | +97.4% |
| Deferred charges and accrued income | 490/1 | €2,803 | €1,965 | -€838 | -29.9% |
| Total equity and liabilities | 10/49 | €135,585 | €140,297 | +€4,712 | +3.5% |
| Equity | 10/15 | €43,597 | €5,000 | -€38,597 | -88.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,597 | - | -€38,597 | |
| Distributable reserves | 133 | €38,597 | - | -€38,597 | |
| Amounts payable | 17/49 | €91,987 | €135,297 | +€43,310 | +47.1% |
| Amounts payable after more than one year | 17 | €19,738 | €10,047 | -€9,691 | -49.1% |
| Financial debts | 170/4 | €19,738 | €10,047 | -€9,691 | -49.1% |
| Amounts payable within one year | 42/48 | €72,250 | €125,250 | +€53,000 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €9,348 | €9,691 | +€343 | +3.7% |
| Trade debts | 44 | €17,417 | €25,012 | +€7,595 | +43.6% |
| Suppliers | 440/4 | €17,417 | €25,012 | +€7,595 | +43.6% |
| Taxes, remuneration and social security | 45 | €7,144 | €14,775 | +€7,632 | +106.8% |
| Taxes | 450/3 | €7,144 | €14,775 | +€7,632 | +106.8% |
| Other amounts payable | 47/48 | €38,341 | €75,771 | +€37,430 | +97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,036 | €11,664 | -€373 | -3.1% |
| Other operating charges | 640/8 | €1,482 | €1,641 | +€159 | +10.7% |
| Gross operating margin | 9900 | €38,295 | €63,632 | +€25,337 | +66.2% |
| Operating profit (loss) | 9901 | €24,777 | €50,327 | +€25,550 | +103.1% |
| Financial income | 75/76B | €1,954 | €2,714 | +€760 | +38.9% |
| Recurring financial income | 75 | €989 | €2,714 | +€1,725 | +174.4% |
| Non-recurring financial income | 76B | €965 | - | -€965 | |
| Financial charges | 65/66B | €1,297 | €1,091 | -€206 | -15.9% |
| Recurring financial charges | 65 | €1,297 | €1,091 | -€206 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €25,434 | €51,950 | +€26,516 | +104.3% |
| Income taxes | 67/77 | €7,144 | €14,775 | +€7,632 | +106.8% |
| Profit (loss) for the period | 9904 | €18,290 | €37,174 | +€18,884 | +103.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,290 | €37,174 | +€18,884 | +103.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.