MULTIWORKS BELGIUM: 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.
MULTIWORKS BELGIUM
Largest movements
- Current investments -€36,478
no longer reported in 2024 (was €36,478)
- Tangible fixed assets +€34,059
up €34,059 (+55.5%), from €61,336 to €95,395
of which Furniture and vehicles: +€35,083
- Receivables within one year +€32,388
up €32,388 (+62.0%), from €52,260 to €84,647
of which Trade receivables: +€33,086
- Other debts +€108,593
up €108,593 (+151%), from €71,908 to €180,502
- Profit (loss) carried forward -€52,396
down €52,396 (-2,063%), from -€2,540 to -€54,936
- Trade debts -€27,441
down €27,441 (-49.7%), from €55,257 to €27,816
- Tax, wage and social debts +€10,000
up €10,000 (+594%), from €1,683 to €11,682
of which Remuneration and social security: +€7,969
- Debts after one year -€7,201
down €7,201 (-30.3%), from €23,765 to €16,564
- Gross operating margin -€82,084
down €82,084 (-72.0%), from €114,044 to €31,960
- Staff costs -€41,670
down €41,670 (-45.9%), from €90,754 to €49,085
- Depreciation +€20,426
up €20,426 (+160%), from €12,754 to €33,180
- Other operating charges -€11,101
down €11,101 (-85.9%), from €12,923 to €1,822
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,073 | €181,628 | +€31,555 | +21.0% |
| Fixed assets | 21/28 | €61,336 | €95,395 | +€34,059 | +55.5% |
| Tangible fixed assets | 22/27 | €61,336 | €95,395 | +€34,059 | +55.5% |
| Plant, machinery and equipment | 23 | €4,767 | €3,743 | -€1,024 | -21.5% |
| Furniture and vehicles | 24 | €56,569 | €91,652 | +€35,083 | +62.0% |
| Current assets | 29/58 | €88,738 | €86,233 | -€2,505 | -2.8% |
| Amounts receivable within one year | 40/41 | €52,260 | €84,647 | +€32,388 | +62.0% |
| Trade receivables | 40 | €47,562 | €80,648 | +€33,086 | +69.6% |
| Other amounts receivable | 41 | €4,697 | €3,999 | -€698 | -14.9% |
| Current investments | 50/53 | €36,478 | - | -€36,478 | |
| Cash at bank and in hand | 54/58 | - | €1,586 | +€1,586 | |
| Total equity and liabilities | 10/49 | €150,073 | €181,628 | +€31,555 | +21.0% |
| Equity | 10/15 | -€2,540 | -€54,936 | -€52,396 | -2,063% |
| Profit (loss) carried forward | 14 | -€2,540 | -€54,936 | -€52,396 | -2,063% |
| Amounts payable | 17/49 | €152,613 | €236,564 | +€83,950 | +55.0% |
| Amounts payable after more than one year | 17 | €23,765 | €16,564 | -€7,201 | -30.3% |
| Financial debts | 170/4 | €23,765 | €16,564 | -€7,201 | -30.3% |
| Amounts payable within one year | 42/48 | €128,848 | €220,000 | +€91,152 | +70.7% |
| Trade debts | 44 | €55,257 | €27,816 | -€27,441 | -49.7% |
| Suppliers | 440/4 | €55,257 | €27,816 | -€27,441 | -49.7% |
| Taxes, remuneration and social security | 45 | €1,683 | €11,682 | +€10,000 | +594% |
| Taxes | 450/3 | - | €2,031 | +€2,031 | |
| Remuneration and social security | 454/9 | €1,683 | €9,651 | +€7,969 | +474% |
| Other amounts payable | 47/48 | €71,908 | €180,502 | +€108,593 | +151% |
| Remuneration, social security and pensions | 62 | €90,754 | €49,085 | -€41,670 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,754 | €33,180 | +€20,426 | +160% |
| Other operating charges | 640/8 | €12,923 | €1,822 | -€11,101 | -85.9% |
| Gross operating margin | 9900 | €114,044 | €31,960 | -€82,084 | -72.0% |
| Operating profit (loss) | 9901 | -€2,387 | -€52,127 | -€49,739 | -2,083% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €160 | €269 | +€109 | +68.6% |
| Recurring financial charges | 65 | €160 | €269 | +€109 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,540 | -€52,396 | -€49,856 | -1,963% |
| Profit (loss) for the period | 9904 | -€2,540 | -€52,396 | -€49,856 | -1,963% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,540 | -€52,396 | -€49,856 | -1,963% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.