MULTITRA: 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.
MULTITRA
Largest movements
- Tangible fixed assets -€266,616
down €266,616 (-28.6%), from €930,801 to €664,185
of which Land and buildings: -€266,616
- Cash +€111,494
up €111,494 (+596%), from €18,696 to €130,190
mainly Investment in fixed assets (net) (+€227,708) and Net result for the year (+€72,787)
- Debts after one year -€220,475
down €220,475 (-72.4%), from €304,368 to €83,893
- Profit (loss) carried forward +€147,320
up €147,320 (+73.2%), from €201,222 to €348,542
- Reserves -€74,534
down €74,534 (-30.7%), from €242,809 to €168,276
of which Tax-exempt reserves: -€104,534
- Tax, wage and social debts +€62,037
up €62,037 (+404%), from €15,356 to €77,393
- Provisions -€57,440
down €57,440 (-51.0%), from €112,601 to €55,161
- Gross operating margin +€77,110
up €77,110 (+118%), from €65,551 to €142,662
- Taxes +€63,953
up €63,953 (+952%), from €6,720 to €70,673
- Turnover +€57,440
new in 2024: €57,440
- Depreciation -€7,955
down €7,955 (-17.0%), from €46,862 to €38,907
- Financial charges +€1,965
up €1,965 (+19.0%), from €10,327 to €12,292
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €950,569 | €799,570 | -€150,999 | -15.9% |
| Fixed assets | 21/28 | €930,801 | €664,185 | -€266,616 | -28.6% |
| Tangible fixed assets | 22/27 | €930,801 | €664,185 | -€266,616 | -28.6% |
| Land and buildings | 22 | €930,801 | €664,185 | -€266,616 | -28.6% |
| Furniture and vehicles | 24 | €0 | €0 | -€0 | -100% |
| Current assets | 29/58 | €19,768 | €135,385 | +€115,617 | +585% |
| Amounts receivable after more than one year | 29 | - | €1,511 | +€1,511 | |
| Trade receivables | 290 | - | €1,511 | +€1,511 | |
| Amounts receivable within one year | 40/41 | €1,072 | €3,684 | +€2,612 | +244% |
| Other amounts receivable | 41 | €1,072 | €3,684 | +€2,612 | +244% |
| Cash at bank and in hand | 54/58 | €18,696 | €130,190 | +€111,494 | +596% |
| Total equity and liabilities | 10/49 | €950,569 | €799,570 | -€150,999 | -15.9% |
| Equity | 10/15 | €462,581 | €535,368 | +€72,787 | +15.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €242,809 | €168,276 | -€74,534 | -30.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €211,659 | €107,126 | -€104,534 | -49.4% |
| Distributable reserves | 133 | €25,000 | €55,000 | +€30,000 | +120% |
| Profit (loss) carried forward | 14 | €201,222 | €348,542 | +€147,320 | +73.2% |
| Provisions and deferred taxes | 16 | €112,601 | €55,161 | -€57,440 | -51.0% |
| Deferred taxes | 168 | €112,601 | €55,161 | -€57,440 | -51.0% |
| Amounts payable | 17/49 | €375,386 | €209,041 | -€166,346 | -44.3% |
| Amounts payable after more than one year | 17 | €304,368 | €83,893 | -€220,475 | -72.4% |
| Financial debts | 170/4 | €304,368 | €83,893 | -€220,475 | -72.4% |
| Amounts payable within one year | 42/48 | €67,358 | €116,787 | +€49,429 | +73.4% |
| Current portion of amounts payable after more than one year | 42 | €51,575 | €39,295 | -€12,281 | -23.8% |
| Trade debts | 44 | €427 | €100 | -€327 | -76.6% |
| Suppliers | 440/4 | €427 | €100 | -€327 | -76.6% |
| Taxes, remuneration and social security | 45 | €15,356 | €77,393 | +€62,037 | +404% |
| Taxes | 450/3 | €15,356 | €77,393 | +€62,037 | +404% |
| Accrued charges and deferred income | 492/3 | €3,660 | €8,360 | +€4,700 | +128% |
| Turnover | 70 | - | €57,440 | +€57,440 | |
| Non-recurring operating income | 76A | - | €77,292 | +€77,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,862 | €38,907 | -€7,955 | -17.0% |
| Other operating charges | 640/8 | €5,501 | €5,443 | -€58 | -1.0% |
| Gross operating margin | 9900 | €65,551 | €142,662 | +€77,110 | +118% |
| Operating profit (loss) | 9901 | €13,188 | €98,311 | +€85,123 | +645% |
| Financial charges | 65/66B | €10,327 | €12,292 | +€1,965 | +19.0% |
| Recurring financial charges | 65 | €10,327 | €12,292 | +€1,965 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €2,861 | €86,019 | +€83,158 | +2,906% |
| Transfer from deferred taxes | 780 | €5,241 | €57,440 | +€52,199 | +996% |
| Income taxes | 67/77 | €6,720 | €70,673 | +€63,953 | +952% |
| Profit (loss) for the period | 9904 | €1,383 | €72,787 | +€71,404 | +5,165% |
| Transfer from tax-exempt reserves | 789 | €10,179 | €104,534 | +€94,355 | +927% |
| Profit (loss) for the period to be appropriated | 9905 | €11,561 | €177,320 | +€165,759 | +1,434% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.