Multitra: 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
Multitra
NACE 52.250, Logistics services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€751,032
2024 · €1.2m-€491,227
Equity
€4.2m
2024 · €4.4m-€201,821
Cash
€1.2m
2024 · €1.1m+€112,818
Balance sheet total
€14.5m
2024 · €13.5m+€982,966
Largest movements
Assets
- Current investments +€1.3m
new in 2025: €1.3m
- Receivables within one year -€261,705
down €261,705 (-11.0%), from €2.4m to €2.1m
of which Trade receivables: -€261,705
Equity and liabilities
- Profit (loss) carried forward -€2.8m
down €2.8m (-72.8%), from €3.9m to €1.1m
- Reserves +€2.6m
up €2.6m (+636.0%), from €412,632 to €3.0m
of which Distributable reserves: +€2.6m
- Other debts +€940,000
new in 2025: €940,000
- Debts after one year -€864,548
down €864,548 (-11.4%), from €7.6m to €6.7m
- Current portion of long-term debt +€852,274
up €852,274 (+6943.8%), from €12,274 to €864,548
Income statement
- Goods and materials +€9.7m
new in 2025: €9.7m
- Gross operating margin -€2.5m
no longer reported in 2025 (was €2.5m)
- Turnover -€1.6m
down €1.6m (-11.7%), from €13.6m to €12.0m
- Services and other goods +€475,851
new in 2025: €475,851
- Other operating income +€472,291
new in 2025: €472,291
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.
Result 2024
€1.2m
Turnover
-€1.6m
Other operating income
+€472,291
Goods and materials
-€9.7m
Services and other goods
-€475,851
Staff costs
+€24,748
Depreciation
-€6,179
Other operating charges
+€992
Other operating items
+€11.2m
Financial income
-€233,703
Financial charges
-€265,314
Taxes
+€143,296
Result 2025
€751,032
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.
From operations
+€2.4m
Investment
-€1.3m
Financing
-€965,127
Cash 2024
€1.1m
From operations (derived)
+€2.4m
Net result for the year
+€751,032
Depreciation
+€131,955
Receivables within one year
+€261,705
Deferred charges and accrued income
+€42,770
Trade debts
+€181,492
Tax, wage and social debts
+€39,677
Other debts
+€940,000
Accrued charges and deferred income
+€35,892
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€56,579
Current investments
-€1.3m
Financing
-€965,127
Debts after one year
-€864,548
Current portion of long-term debt
+€852,274
Contributions, distributions and other
-€952,853
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,549,528 | €14,532,495 | +€982,966 | +7.3% |
| Fixed assets | 21/28 | €9,976,068 | €9,900,692 | -€75,376 | -0.8% |
| Intangible fixed assets | 21 | €2,203 | €917 | -€1,286 | -58.4% |
| Tangible fixed assets | 22/27 | €613,769 | €539,679 | -€74,090 | -12.1% |
| Land and buildings | 22 | €545,050 | €452,590 | -€92,460 | -17.0% |
| Plant, machinery and equipment | 23 | €20,889 | €24,153 | +€3,264 | +15.6% |
| Furniture and vehicles | 24 | €47,830 | €62,935 | +€15,106 | +31.6% |
| Financial fixed assets | 28 | €9,360,096 | €9,360,096 | = | 0.0% |
| Affiliated companies | 280/1 | - | €9,353,123 | +€9.4m | |
| Participating interests | 280 | - | €9,353,123 | +€9.4m | |
| Other financial fixed assets | 284/8 | - | €6,973 | +€6,973 | |
| Amounts receivable and cash guarantees | 285/8 | - | €6,973 | +€6,973 | |
| Current assets | 29/58 | €3,573,461 | €4,631,803 | +€1.1m | +29.6% |
| Amounts receivable within one year | 40/41 | €2,385,325 | €2,123,620 | -€261,705 | -11.0% |
| Trade receivables | 40 | €2,360,949 | €2,099,244 | -€261,705 | -11.1% |
| Other amounts receivable | 41 | €24,376 | €24,376 | = | 0.0% |
| Current investments | 50/53 | - | €1,250,000 | +€1.3m | |
| Other investments | 51/53 | - | €1,250,000 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €1,095,265 | €1,208,082 | +€112,818 | +10.3% |
| Deferred charges and accrued income | 490/1 | €92,870 | €50,100 | -€42,770 | -46.1% |
| Total equity and liabilities | 10/49 | €13,549,528 | €14,532,495 | +€982,966 | +7.3% |
| Equity | 10/15 | €4,365,010 | €4,163,188 | -€201,821 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €412,632 | €3,036,977 | +€2.6m | +636.0% |
| Tax-exempt reserves | 132 | €489 | €489 | = | 0.0% |
| Distributable reserves | 133 | €412,143 | €3,036,488 | +€2.6m | +636.8% |
| Profit (loss) carried forward | 14 | €3,866,603 | €1,053,290 | -€2.8m | -72.8% |
| Investment grants | 15 | €67,174 | €54,322 | -€12,853 | -19.1% |
| Amounts payable | 17/49 | €9,184,519 | €10,369,306 | +€1.2m | +12.9% |
| Amounts payable after more than one year | 17 | €7,600,000 | €6,735,452 | -€864,548 | -11.4% |
| Financial debts | 170/4 | €7,600,000 | €6,735,452 | -€864,548 | -11.4% |
| Credit institutions | 173 | - | €4,735,452 | +€4.7m | |
| Other loans | 174 | - | €2,000,000 | +€2.0m | |
| Amounts payable within one year | 42/48 | €1,581,770 | €3,595,214 | +€2.0m | +127.3% |
| Current portion of amounts payable after more than one year | 42 | €12,274 | €864,548 | +€852,274 | +6943.8% |
| Trade debts | 44 | €1,398,074 | €1,579,566 | +€181,492 | +13.0% |
| Suppliers | 440/4 | €1,398,074 | €1,579,566 | +€181,492 | +13.0% |
| Taxes, remuneration and social security | 45 | €171,423 | €211,100 | +€39,677 | +23.1% |
| Taxes | 450/3 | €72,085 | €98,739 | +€26,653 | +37.0% |
| Remuneration and social security | 454/9 | €99,337 | €112,361 | +€13,024 | +13.1% |
| Other amounts payable | 47/48 | - | €940,000 | +€940,000 | |
| Accrued charges and deferred income | 492/3 | €2,749 | €38,640 | +€35,892 | +1305.9% |
| Operating income | 70/76A | - | €12,487,834 | +€12.5m | |
| Turnover | 70 | €13,583,053 | €11,998,768 | -€1.6m | -11.7% |
| Other operating income | 74 | - | €472,291 | +€472,291 | |
| Non-recurring operating income | 76A | €10,213 | €16,776 | +€6,563 | +64.3% |
| Operating charges | 60/66A | - | €11,281,944 | +€11.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,654,875 | - | -€11.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €9,724,476 | +€9.7m | |
| Purchases | 600/8 | - | €9,724,476 | +€9.7m | |
| Services and other goods | 61 | - | €475,851 | +€475,851 | |
| Remuneration, social security and pensions | 62 | €936,550 | €911,803 | -€24,748 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,776 | €131,955 | +€6,179 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €29,766 | €28,774 | -€992 | -3.3% |
| Non-recurring operating charges | 66A | €46,433 | €9,086 | -€37,347 | -80.4% |
| Gross operating margin | 9900 | €2,479,921 | - | -€2.5m | |
| Operating profit (loss) | 9901 | €1,341,396 | €1,205,890 | -€135,506 | -10.1% |
| Financial income | 75/76B | €274,632 | €40,928 | -€233,703 | -85.1% |
| Recurring financial income | 75 | €274,632 | €40,928 | -€233,703 | -85.1% |
| Income from current assets | 751 | - | €24,644 | +€24,644 | |
| Other financial income | 752/9 | - | €16,284 | +€16,284 | |
| Financial charges | 65/66B | -€9,373 | €255,941 | +€265,314 | |
| Recurring financial charges | 65 | -€9,373 | €255,941 | +€265,314 | |
| Debt charges | 650 | - | €247,800 | +€247,800 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €0 | = | |
| Other financial charges | 652/9 | - | €8,141 | +€8,141 | |
| Profit (loss) for the period before taxes | 9903 | €1,625,401 | €990,877 | -€634,523 | -39.0% |
| Income taxes | 67/77 | €383,142 | €239,846 | -€143,296 | -37.4% |
| Taxes | 670/3 | - | €239,846 | +€239,846 | |
| Profit (loss) for the period | 9904 | €1,242,259 | €751,032 | -€491,227 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,242,259 | €751,032 | -€491,227 | -39.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.