MULTITRA LOGISTICS: 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 LOGISTICS
Largest movements
- Current investments +€1.6m
up €1.6m (+185%), from €859,280 to €2.5m
- Cash -€696,738
down €696,738 (-63.3%), from €1.1m to €404,757
mainly Current investments (-€1.6m) and Contributions, distributions and other (-€905,885)
- Receivables within one year +€248,057
up €248,057 (+32.1%), from €771,905 to €1.0m
of which Trade receivables: +€219,033
- Tangible fixed assets -€106,945
down €106,945 (-5.9%), from €1.8m to €1.7m
of which Land and buildings: -€148,427
- Reserves +€2.8m
up €2.8m (+153,060%), from €1,860 to €2.8m
- Profit (loss) carried forward -€2.8m
down €2.8m (-75.1%), from €3.8m to €941,318
- Other debts +€880,000
up €880,000, from €0 to €880,000
- Trade debts +€186,808
up €186,808 (+58.7%), from €318,309 to €505,117
- Gross operating margin +€166,458
up €166,458 (+10.2%), from €1.6m to €1.8m
- Financial income -€132,335
down €132,335 (-29.8%), from €444,811 to €312,476
- Staff costs +€116,406
up €116,406 (+16.4%), from €710,259 to €826,664
- Financial charges -€24,728
down €24,728 (-88.2%), from €28,045 to €3,317
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.
Derived cash bridge
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 | €4,574,843 | €5,613,112 | +€1.0m | +22.7% |
| Fixed assets | 21/28 | €1,825,741 | €1,718,796 | -€106,945 | -5.9% |
| Tangible fixed assets | 22/27 | €1,813,143 | €1,706,199 | -€106,945 | -5.9% |
| Land and buildings | 22 | €1,728,744 | €1,580,317 | -€148,427 | -8.6% |
| Plant, machinery and equipment | 23 | €38,967 | €91,578 | +€52,610 | +135% |
| Furniture and vehicles | 24 | €45,432 | €34,304 | -€11,128 | -24.5% |
| Financial fixed assets | 28 | €12,597 | €12,597 | = | 0.0% |
| Current assets | 29/58 | €2,749,102 | €3,894,316 | +€1.1m | +41.7% |
| Amounts receivable within one year | 40/41 | €771,905 | €1,019,962 | +€248,057 | +32.1% |
| Trade receivables | 40 | €771,905 | €990,938 | +€219,033 | +28.4% |
| Other amounts receivable | 41 | €0 | €29,024 | +€29,024 | |
| Current investments | 50/53 | €859,280 | €2,450,000 | +€1.6m | +185% |
| Cash at bank and in hand | 54/58 | €1,101,495 | €404,757 | -€696,738 | -63.3% |
| Deferred charges and accrued income | 490/1 | €16,422 | €19,598 | +€3,176 | +19.3% |
| Total equity and liabilities | 10/49 | €4,574,843 | €5,613,112 | +€1.0m | +22.7% |
| Equity | 10/15 | €4,108,187 | €4,084,231 | -€23,956 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €2,848,769 | +€2.8m | +153,060% |
| Distributable reserves | 133 | €1,860 | €2,848,769 | +€2.8m | +153,060% |
| Profit (loss) carried forward | 14 | €3,786,297 | €941,318 | -€2.8m | -75.1% |
| Investment grants | 15 | €301,430 | €275,545 | -€25,885 | -8.6% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Amounts payable | 17/49 | €466,656 | €1,528,881 | +€1.1m | +228% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €466,428 | €1,527,816 | +€1.1m | +228% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Trade debts | 44 | €318,309 | €505,117 | +€186,808 | +58.7% |
| Suppliers | 440/4 | €318,309 | €505,117 | +€186,808 | +58.7% |
| Taxes, remuneration and social security | 45 | €148,119 | €142,699 | -€5,419 | -3.7% |
| Taxes | 450/3 | €81,340 | €36,480 | -€44,860 | -55.2% |
| Remuneration and social security | 454/9 | €66,778 | €106,219 | +€39,441 | +59.1% |
| Other amounts payable | 47/48 | €0 | €880,000 | +€880,000 | |
| Accrued charges and deferred income | 492/3 | €228 | €1,066 | +€837 | +367% |
| Non-recurring operating income | 76A | €5,853 | €1,343 | -€4,509 | -77.0% |
| Remuneration, social security and pensions | 62 | €710,259 | €826,664 | +€116,406 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,493 | €183,287 | -€5,206 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Other operating charges | 640/8 | €15,839 | €17,782 | +€1,942 | +12.3% |
| Non-recurring operating charges | 66A | - | €9,747 | +€9,747 | |
| Gross operating margin | 9900 | €1,637,932 | €1,804,390 | +€166,458 | +10.2% |
| Operating profit (loss) | 9901 | €723,342 | €766,911 | +€43,569 | +6.0% |
| Financial income | 75/76B | €444,811 | €312,476 | -€132,335 | -29.8% |
| Recurring financial income | 75 | €444,811 | €312,476 | -€132,335 | -29.8% |
| Financial charges | 65/66B | €28,045 | €3,317 | -€24,728 | -88.2% |
| Recurring financial charges | 65 | €28,045 | €3,317 | -€24,728 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €1,140,108 | €1,076,069 | -€64,038 | -5.6% |
| Income taxes | 67/77 | €200,719 | €194,141 | -€6,578 | -3.3% |
| Profit (loss) for the period | 9904 | €939,389 | €881,929 | -€57,460 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €939,389 | €881,929 | -€57,460 | -6.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.