MULTITRACK: 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.
MULTITRACK
Largest movements
- Tangible fixed assets -€18,095
down €18,095 (-49.0%), from €36,933 to €18,838
of which Furniture and vehicles: -€9,300
- Receivables within one year -€4,962
down €4,962 (-56.0%), from €8,866 to €3,904
of which Trade receivables: -€4,791
- Debts after one year -€26,115
down €26,115 (-84.6%), from €30,864 to €4,749
- Reserves +€9,322
up €9,322 (+10.5%), from €88,565 to €97,888
- Trade debts -€6,421
down €6,421 (-89.8%), from €7,150 to €729
- Gross operating margin +€3,968
up €3,968 (+13.3%), from €29,734 to €33,702
- Taxes +€932
up €932 (+28.7%), from €3,246 to €4,178
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 | €141,579 | €119,464 | -€22,115 | -15.6% |
| Fixed assets | 21/28 | €36,933 | €18,838 | -€18,095 | -49.0% |
| Tangible fixed assets | 22/27 | €36,933 | €18,838 | -€18,095 | -49.0% |
| Plant, machinery and equipment | 23 | €13,416 | €4,621 | -€8,795 | -65.6% |
| Furniture and vehicles | 24 | €23,518 | €14,218 | -€9,300 | -39.5% |
| Current assets | 29/58 | €104,646 | €100,625 | -€4,020 | -3.8% |
| Stocks and contracts in progress | 3 | €521 | €364 | -€157 | -30.1% |
| Stocks | 30/36 | €521 | €364 | -€157 | -30.1% |
| Amounts receivable within one year | 40/41 | €8,866 | €3,904 | -€4,962 | -56.0% |
| Trade receivables | 40 | €4,791 | €0 | -€4,791 | -100% |
| Other amounts receivable | 41 | €4,075 | €3,904 | -€171 | -4.2% |
| Cash at bank and in hand | 54/58 | €93,319 | €94,092 | +€773 | +0.8% |
| Deferred charges and accrued income | 490/1 | €1,939 | €2,265 | +€326 | +16.8% |
| Total equity and liabilities | 10/49 | €141,579 | €119,464 | -€22,115 | -15.6% |
| Equity | 10/15 | €100,965 | €110,288 | +€9,322 | +9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €88,565 | €97,888 | +€9,322 | +10.5% |
| Distributable reserves | 133 | €88,565 | €97,888 | +€9,322 | +10.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,613 | €9,176 | -€31,437 | -77.4% |
| Amounts payable after more than one year | 17 | €30,864 | €4,749 | -€26,115 | -84.6% |
| Financial debts | 170/4 | €30,864 | €4,749 | -€26,115 | -84.6% |
| Amounts payable within one year | 42/48 | €9,718 | €4,396 | -€5,323 | -54.8% |
| Trade debts | 44 | €7,150 | €729 | -€6,421 | -89.8% |
| Suppliers | 440/4 | €7,150 | €729 | -€6,421 | -89.8% |
| Taxes, remuneration and social security | 45 | €2,568 | €3,667 | +€1,099 | +42.8% |
| Taxes | 450/3 | €2,568 | €3,667 | +€1,099 | +42.8% |
| Accrued charges and deferred income | 492/3 | €31 | €31 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,155 | €18,095 | -€60 | -0.3% |
| Other operating charges | 640/8 | €860 | €883 | +€23 | +2.7% |
| Gross operating margin | 9900 | €29,734 | €33,702 | +€3,968 | +13.3% |
| Operating profit (loss) | 9901 | €10,719 | €14,724 | +€4,005 | +37.4% |
| Financial income | 75/76B | €324 | €510 | +€186 | +57.4% |
| Recurring financial income | 75 | €324 | €510 | +€186 | +57.4% |
| Financial charges | 65/66B | €116 | €67 | -€49 | -41.9% |
| Recurring financial charges | 65 | €116 | €67 | -€49 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €10,927 | €15,166 | +€4,239 | +38.8% |
| Income taxes | 67/77 | €3,246 | €4,178 | +€932 | +28.7% |
| Profit (loss) for the period | 9904 | €7,681 | €10,988 | +€3,308 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,681 | €10,988 | +€3,308 | +43.1% |
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.