MULTITHERM: what changed
MULTITHERM
Largest movements
- Receivables within one year -€45,042
down €45,042 (-93.1%), from €48,380 to €3,337
of which Trade receivables: -€48,380
- Cash +€19,121
up €19,121 (+282%), from €6,778 to €25,899
- Tangible fixed assets -€2,005
down €2,005 (-10.1%), from €19,880 to €17,875
of which Furniture and vehicles: -€2,427
- Profit (loss) carried forward -€57,114
down €57,114, from €54,442 to -€2,672
- Other debts +€21,471
new in 2024: €21,471
- Tax, wage and social debts +€13,923
up €13,923 (+274%), from €5,078 to €19,001
of which Remuneration and social security: +€14,462
- Trade debts -€6,208
down €6,208 (-93.2%), from €6,658 to €450
- Staff costs +€43,869
up €43,869 (+187%), from €23,415 to €67,284
- Gross operating margin -€3,832
down €3,832 (-11.6%), from €33,100 to €29,267
- Taxes +€3,248
up €3,248 (+415%), from €783 to €4,032
- Other operating charges -€828
down €828 (-26.0%), from €3,179 to €2,351
- Depreciation +€664
up €664 (+6.8%), from €9,795 to €10,459
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,037 | €47,111 | -€27,927 | -37.2% |
| Fixed assets | 21/28 | €19,880 | €17,875 | -€2,005 | -10.1% |
| Tangible fixed assets | 22/27 | €19,880 | €17,875 | -€2,005 | -10.1% |
| Plant, machinery and equipment | 23 | - | €422 | +€422 | |
| Furniture and vehicles | 24 | €19,880 | €17,452 | -€2,427 | -12.2% |
| Current assets | 29/58 | €55,158 | €29,236 | -€25,922 | -47.0% |
| Amounts receivable within one year | 40/41 | €48,380 | €3,337 | -€45,042 | -93.1% |
| Trade receivables | 40 | €48,380 | - | -€48,380 | |
| Other amounts receivable | 41 | - | €3,337 | +€3,337 | |
| Cash at bank and in hand | 54/58 | €6,778 | €25,899 | +€19,121 | +282% |
| Total equity and liabilities | 10/49 | €75,037 | €47,111 | -€27,927 | -37.2% |
| Equity | 10/15 | €63,302 | €6,188 | -€57,114 | -90.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,442 | -€2,672 | -€57,114 | |
| Amounts payable | 17/49 | €11,736 | €40,922 | +€29,187 | +249% |
| Amounts payable within one year | 42/48 | €11,736 | €40,922 | +€29,187 | +249% |
| Trade debts | 44 | €6,658 | €450 | -€6,208 | -93.2% |
| Suppliers | 440/4 | €6,658 | €450 | -€6,208 | -93.2% |
| Taxes, remuneration and social security | 45 | €5,078 | €19,001 | +€13,923 | +274% |
| Taxes | 450/3 | €5,078 | €4,539 | -€538 | -10.6% |
| Remuneration and social security | 454/9 | - | €14,462 | +€14,462 | |
| Other amounts payable | 47/48 | - | €21,471 | +€21,471 | |
| Remuneration, social security and pensions | 62 | €23,415 | €67,284 | +€43,869 | +187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,795 | €10,459 | +€664 | +6.8% |
| Other operating charges | 640/8 | €3,179 | €2,351 | -€828 | -26.0% |
| Gross operating margin | 9900 | €33,100 | €29,267 | -€3,832 | -11.6% |
| Operating profit (loss) | 9901 | -€3,289 | -€50,827 | -€47,538 | -1,445% |
| Financial income | 75/76B | - | €92 | +€92 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Financial charges | 65/66B | €2,240 | €2,347 | +€107 | +4.8% |
| Recurring financial charges | 65 | €2,240 | €2,347 | +€107 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,529 | -€53,082 | -€47,553 | -860% |
| Income taxes | 67/77 | €783 | €4,032 | +€3,248 | +415% |
| Profit (loss) for the period | 9904 | -€6,312 | -€57,114 | -€50,801 | -805% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,312 | -€57,114 | -€50,801 | -805% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.