MULTITRAVEL: 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.
MULTITRAVEL
Largest movements
- Cash +€27,370
up €27,370 (+9.0%), from €305,594 to €332,964
mainly Other debts (+€52,684) and Net result for the year (+€16,140)
- Receivables within one year +€5,820
up €5,820 (+91.5%), from €6,359 to €12,179
of which Trade receivables: +€5,406
- Other debts +€52,684
new in 2025: €52,684
- Reserves -€40,060
down €40,060 (-28.1%), from €142,639 to €102,579
- Trade debts +€10,991
up €10,991 (+25.2%), from €43,627 to €54,618
- Tax, wage and social debts +€8,566
up €8,566 (+283%), from €3,031 to €11,597
- Taxes +€3,173
up €3,173 (+169%), from €1,876 to €5,049
- Gross operating margin +€2,558
up €2,558 (+10.5%), from €24,459 to €27,017
- Financial income +€529
up €529 (+32.4%), from €1,633 to €2,162
- Depreciation +€385
up €385 (+23.2%), from €1,658 to €2,042
- Financial charges -€285
down €285 (-10.4%), from €2,752 to €2,467
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 | €317,798 | €349,978 | +€32,180 | +10.1% |
| Fixed assets | 21/28 | €5,845 | €4,835 | -€1,010 | -17.3% |
| Tangible fixed assets | 22/27 | €3,486 | €2,476 | -€1,010 | -29.0% |
| Plant, machinery and equipment | 23 | - | €975 | +€975 | |
| Furniture and vehicles | 24 | €3,486 | €1,501 | -€1,985 | -56.9% |
| Financial fixed assets | 28 | €2,359 | €2,359 | = | 0.0% |
| Current assets | 29/58 | €311,953 | €345,143 | +€33,190 | +10.6% |
| Amounts receivable within one year | 40/41 | €6,359 | €12,179 | +€5,820 | +91.5% |
| Trade receivables | 40 | €4,973 | €10,379 | +€5,406 | +109% |
| Other amounts receivable | 41 | €1,386 | €1,800 | +€414 | +29.9% |
| Cash at bank and in hand | 54/58 | €305,594 | €332,964 | +€27,370 | +9.0% |
| Total equity and liabilities | 10/49 | €317,798 | €349,978 | +€32,180 | +10.1% |
| Equity | 10/15 | €271,139 | €231,079 | -€40,060 | -14.8% |
| Contributions | 10/11 | €128,500 | €128,500 | = | 0.0% |
| Reserves | 13 | €142,639 | €102,579 | -€40,060 | -28.1% |
| Distributable reserves | 133 | €142,639 | €102,579 | -€40,060 | -28.1% |
| Amounts payable | 17/49 | €46,658 | €118,899 | +€72,240 | +155% |
| Amounts payable within one year | 42/48 | €46,658 | €118,899 | +€72,240 | +155% |
| Trade debts | 44 | €43,627 | €54,618 | +€10,991 | +25.2% |
| Suppliers | 440/4 | €43,627 | €54,618 | +€10,991 | +25.2% |
| Taxes, remuneration and social security | 45 | €3,031 | €11,597 | +€8,566 | +283% |
| Taxes | 450/3 | €3,031 | €11,597 | +€8,566 | +283% |
| Other amounts payable | 47/48 | - | €52,684 | +€52,684 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,658 | €2,042 | +€385 | +23.2% |
| Other operating charges | 640/8 | €3,398 | €3,481 | +€83 | +2.5% |
| Gross operating margin | 9900 | €24,459 | €27,017 | +€2,558 | +10.5% |
| Operating profit (loss) | 9901 | €19,403 | €21,494 | +€2,090 | +10.8% |
| Financial income | 75/76B | €1,633 | €2,162 | +€529 | +32.4% |
| Recurring financial income | 75 | €1,633 | €2,162 | +€529 | +32.4% |
| Financial charges | 65/66B | €2,752 | €2,467 | -€285 | -10.4% |
| Recurring financial charges | 65 | €2,752 | €2,467 | -€285 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €18,284 | €21,189 | +€2,904 | +15.9% |
| Income taxes | 67/77 | €1,876 | €5,049 | +€3,173 | +169% |
| Profit (loss) for the period | 9904 | €16,408 | €16,140 | -€268 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,408 | €16,140 | -€268 | -1.6% |
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 17 October 2026 via checked.be.