MULTITECHNIEK: what changed
What changed
MULTITECHNIEK
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€53,113
2024 · €86,287-€33,174
Equity
€209,817
2024 · €506,704-€296,887
Cash
€172,889
2024 · €151,794+€21,095
Balance sheet total
€940,078
2024 · €956,046-€15,968
Largest movements
Assets
- Receivables within one year -€41,993
down €41,993 (-6.7%), from €623,447 to €581,454
of which Trade receivables: -€148,423
- Cash +€21,095
up €21,095 (+13.9%), from €151,794 to €172,889
mainly Other debts (+€324,687) and Net result for the year (+€53,113)
- Stocks and contracts +€16,583
up €16,583 (+25.9%), from €63,985 to €80,568
of which Stocks: +€26,583
- Tangible fixed assets -€11,605
down €11,605 (-11.8%), from €98,132 to €86,527
of which Furniture and vehicles: -€23,907
Equity and liabilities
- Other debts +€324,687
up €324,687 (+1,173%), from €27,675 to €352,362
- Reserves -€296,887
down €296,887 (-60.8%), from €488,104 to €191,217
- Trade debts -€29,233
down €29,233 (-8.0%), from €367,264 to €338,032
- Debts after one year -€12,905
down €12,905 (-34.8%), from €37,104 to €24,199
Income statement
- Gross operating margin -€20,489
down €20,489 (-3.3%), from €621,584 to €601,095
- Staff costs +€6,654
up €6,654 (+1.4%), from €475,054 to €481,707
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€86,287
Gross operating margin
-€20,489
Staff costs
-€6,654
Depreciation
-€3,466
Other operating charges
-€196
Financial income
-€2,772
Financial charges
-€1,047
Taxes
+€1,449
Result 2025
€53,113
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€406,618
Investment
-€19,462
Financing
-€366,061
Cash 2024
€151,794
From operations (derived)
+€406,618
Net result for the year
+€53,113
Depreciation
+€31,067
Stocks and contracts
-€16,583
Receivables within one year
+€41,993
Deferred charges and accrued income
+€47
Trade debts
-€29,233
Tax, wage and social debts
+€1,527
Other debts
+€324,687
Investment (derived)
-€19,462
Investment in fixed assets (net)
-€19,462
Financing
-€366,061
Debts after one year
-€12,905
Current portion of long-term debt
-€3,157
Contributions, distributions and other
-€350,000
Cash 2025
€172,889
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €956,046 | €940,078 | -€15,968 | -1.7% |
| Fixed assets | 21/28 | €98,132 | €86,527 | -€11,605 | -11.8% |
| Tangible fixed assets | 22/27 | €98,132 | €86,527 | -€11,605 | -11.8% |
| Plant, machinery and equipment | 23 | €1,094 | €143 | -€951 | -86.9% |
| Furniture and vehicles | 24 | €88,972 | €65,066 | -€23,907 | -26.9% |
| Other tangible fixed assets | 26 | €8,065 | €21,318 | +€13,253 | +164% |
| Current assets | 29/58 | €857,914 | €853,552 | -€4,362 | -0.5% |
| Stocks and contracts in progress | 3 | €63,985 | €80,568 | +€16,583 | +25.9% |
| Stocks | 30/36 | €53,985 | €80,568 | +€26,583 | +49.2% |
| Contracts in progress | 37 | €10,000 | €0 | -€10,000 | -100% |
| Amounts receivable within one year | 40/41 | €623,447 | €581,454 | -€41,993 | -6.7% |
| Trade receivables | 40 | €318,408 | €169,986 | -€148,423 | -46.6% |
| Other amounts receivable | 41 | €305,038 | €411,468 | +€106,430 | +34.9% |
| Cash at bank and in hand | 54/58 | €151,794 | €172,889 | +€21,095 | +13.9% |
| Deferred charges and accrued income | 490/1 | €18,688 | €18,641 | -€47 | -0.3% |
| Total equity and liabilities | 10/49 | €956,046 | €940,078 | -€15,968 | -1.7% |
| Equity | 10/15 | €506,704 | €209,817 | -€296,887 | -58.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €488,104 | €191,217 | -€296,887 | -60.8% |
| Distributable reserves | 133 | €488,104 | €191,217 | -€296,887 | -60.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €449,342 | €730,262 | +€280,919 | +62.5% |
| Amounts payable after more than one year | 17 | €37,104 | €24,199 | -€12,905 | -34.8% |
| Financial debts | 170/4 | €37,104 | €24,199 | -€12,905 | -34.8% |
| Amounts payable within one year | 42/48 | €412,238 | €706,063 | +€293,824 | +71.3% |
| Current portion of amounts payable after more than one year | 42 | €16,061 | €12,905 | -€3,157 | -19.7% |
| Trade debts | 44 | €367,264 | €338,032 | -€29,233 | -8.0% |
| Suppliers | 440/4 | €367,264 | €338,032 | -€29,233 | -8.0% |
| Taxes, remuneration and social security | 45 | €1,238 | €2,765 | +€1,527 | +123% |
| Taxes | 450/3 | €1,238 | €1,238 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €1,527 | +€1,527 | |
| Other amounts payable | 47/48 | €27,675 | €352,362 | +€324,687 | +1,173% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €475,054 | €481,707 | +€6,654 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,601 | €31,067 | +€3,466 | +12.6% |
| Other operating charges | 640/8 | €2,086 | €2,282 | +€196 | +9.4% |
| Gross operating margin | 9900 | €621,584 | €601,095 | -€20,489 | -3.3% |
| Operating profit (loss) | 9901 | €116,843 | €86,039 | -€30,804 | -26.4% |
| Financial income | 75/76B | €5,269 | €2,497 | -€2,772 | -52.6% |
| Recurring financial income | 75 | €5,269 | €2,497 | -€2,772 | -52.6% |
| Financial charges | 65/66B | €14,587 | €15,634 | +€1,047 | +7.2% |
| Recurring financial charges | 65 | €14,587 | €15,634 | +€1,047 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €107,525 | €72,902 | -€34,623 | -32.2% |
| Income taxes | 67/77 | €21,238 | €19,789 | -€1,449 | -6.8% |
| Profit (loss) for the period | 9904 | €86,287 | €53,113 | -€33,174 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,287 | €53,113 | -€33,174 | -38.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.