Multiversity: 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.
Multiversity
Largest movements
- Receivables within one year +€23,748
up €23,748 (+209%), from €11,375 to €35,123
of which Trade receivables: +€24,948
- Cash -€15,682
down €15,682 (-55.3%), from €28,370 to €12,688
mainly Receivables within one year (-€23,748) and Other debts (-€7,059)
- Deferred charges and accrued income +€1,452
up €1,452, from €0 to €1,452
- Tangible fixed assets -€851
down €851 (-29.3%), from €2,908 to €2,058
of which Furniture and vehicles: -€851
- Trade debts +€11,821
up €11,821 (+1,199%), from €986 to €12,806
- Other debts -€7,059
down €7,059 (-100%), from €7,059 to €0
- Reserves +€5,255
up €5,255 (+54.9%), from €9,578 to €14,832
- Tax, wage and social debts -€1,351
down €1,351 (-21.0%), from €6,431 to €5,081
- Gross operating margin -€13,625
down €13,625 (-58.2%), from €23,396 to €9,771
- Taxes -€3,805
down €3,805 (-56.4%), from €6,745 to €2,940
- Depreciation +€630
up €630 (+285%), from €221 to €851
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 | €42,654 | €51,320 | +€8,666 | +20.3% |
| Fixed assets | 21/28 | €2,908 | €2,058 | -€851 | -29.3% |
| Tangible fixed assets | 22/27 | €2,908 | €2,058 | -€851 | -29.3% |
| Furniture and vehicles | 24 | €2,408 | €1,558 | -€851 | -35.3% |
| Other tangible fixed assets | 26 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €39,745 | €49,262 | +€9,517 | +23.9% |
| Amounts receivable within one year | 40/41 | €11,375 | €35,123 | +€23,748 | +209% |
| Trade receivables | 40 | €10,104 | €35,052 | +€24,948 | +247% |
| Other amounts receivable | 41 | €1,272 | €71 | -€1,201 | -94.4% |
| Cash at bank and in hand | 54/58 | €28,370 | €12,688 | -€15,682 | -55.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,452 | +€1,452 | |
| Total equity and liabilities | 10/49 | €42,654 | €51,320 | +€8,666 | +20.3% |
| Equity | 10/15 | €28,178 | €33,432 | +€5,255 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,578 | €14,832 | +€5,255 | +54.9% |
| Distributable reserves | 133 | €9,578 | €14,832 | +€5,255 | +54.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,476 | €17,887 | +€3,411 | +23.6% |
| Amounts payable within one year | 42/48 | €14,476 | €17,887 | +€3,411 | +23.6% |
| Trade debts | 44 | €986 | €12,806 | +€11,821 | +1,199% |
| Suppliers | 440/4 | €986 | €12,806 | +€11,821 | +1,199% |
| Taxes, remuneration and social security | 45 | €6,431 | €5,081 | -€1,351 | -21.0% |
| Taxes | 450/3 | €6,431 | €5,081 | -€1,351 | -21.0% |
| Other amounts payable | 47/48 | €7,059 | €0 | -€7,059 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221 | €851 | +€630 | +285% |
| Other operating charges | 640/8 | €580 | €595 | +€14 | +2.5% |
| Gross operating margin | 9900 | €23,396 | €9,771 | -€13,625 | -58.2% |
| Operating profit (loss) | 9901 | €22,595 | €8,326 | -€14,269 | -63.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €155 | €131 | -€24 | -15.3% |
| Recurring financial charges | 65 | €155 | €131 | -€24 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €22,440 | €8,195 | -€14,245 | -63.5% |
| Income taxes | 67/77 | €6,745 | €2,940 | -€3,805 | -56.4% |
| Profit (loss) for the period | 9904 | €15,695 | €5,255 | -€10,440 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,695 | €5,255 | -€10,440 | -66.5% |
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 18 October 2026 via checked.be.