MULTIX: what changed
Two fiscal 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.
MULTIX
Largest movements
- Receivables within one year +€19,890
up €19,890 (+46.5%), from €42,773 to €62,663
of which Other amounts receivable: +€21,817
- Cash -€17,807
down €17,807 (-47.2%), from €37,695 to €19,888
mainly Contributions, distributions and other (-€48,000) and Receivables within one year (-€19,890)
- Profit (loss) carried forward +€23,772
up €23,772 (+30.6%), from €77,637 to €101,409
- Tax, wage and social debts -€14,793
down €14,793 (-57.1%), from €25,902 to €11,108
of which Taxes: -€14,793
- Gross operating margin -€12,535
down €12,535 (-9.9%), from €126,111 to €113,576
- Taxes -€3,612
down €3,612 (-12.7%), from €28,355 to €24,743
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.
Cash bridge derived
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 | €731,115 | €734,633 | +€3,518 | +0.5% |
| Fixed assets | 21/28 | €557,778 | €552,768 | -€5,010 | -0.9% |
| Tangible fixed assets | 22/27 | €557,778 | €552,768 | -€5,010 | -0.9% |
| Land and buildings | 22 | €550,000 | €550,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,669 | €819 | -€850 | -50.9% |
| Furniture and vehicles | 24 | €6,109 | €1,949 | -€4,160 | -68.1% |
| Current assets | 29/58 | €173,337 | €181,865 | +€8,528 | +4.9% |
| Amounts receivable after more than one year | 29 | €46,914 | €46,914 | = | 0.0% |
| Other amounts receivable | 291 | €46,914 | €46,914 | = | 0.0% |
| Stocks and contracts in progress | 3 | €38,548 | €38,548 | = | 0.0% |
| Stocks | 30/36 | €38,548 | €38,548 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,773 | €62,663 | +€19,890 | +46.5% |
| Trade receivables | 40 | €1,976 | €49 | -€1,927 | -97.5% |
| Other amounts receivable | 41 | €40,797 | €62,614 | +€21,817 | +53.5% |
| Cash at bank and in hand | 54/58 | €37,695 | €19,888 | -€17,807 | -47.2% |
| Deferred charges and accrued income | 490/1 | €7,406 | €13,852 | +€6,446 | +87.0% |
| Total equity and liabilities | 10/49 | €731,115 | €734,633 | +€3,518 | +0.5% |
| Equity | 10/15 | €648,097 | €671,869 | +€23,772 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,637 | €101,409 | +€23,772 | +30.6% |
| Amounts payable | 17/49 | €83,018 | €62,765 | -€20,254 | -24.4% |
| Amounts payable within one year | 42/48 | €76,653 | €62,765 | -€13,889 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €2,639 | - | -€2,639 | |
| Trade debts | 44 | €112 | €3,656 | +€3,544 | +3152.4% |
| Suppliers | 440/4 | €112 | €3,656 | +€3,544 | +3152.4% |
| Taxes, remuneration and social security | 45 | €25,902 | €11,108 | -€14,793 | -57.1% |
| Taxes | 450/3 | €25,892 | €11,098 | -€14,793 | -57.1% |
| Remuneration and social security | 454/9 | €10 | €10 | = | 0.0% |
| Other amounts payable | 47/48 | €48,000 | €48,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,365 | - | -€6,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,271 | €5,010 | -€261 | -5.0% |
| Other operating charges | 640/8 | €11,472 | €11,977 | +€505 | +4.4% |
| Gross operating margin | 9900 | €126,111 | €113,576 | -€12,535 | -9.9% |
| Operating profit (loss) | 9901 | €109,368 | €96,589 | -€12,779 | -11.7% |
| Financial income | 75/76B | €25 | €30 | +€5 | +20.0% |
| Recurring financial income | 75 | €25 | €30 | +€5 | +20.0% |
| Financial charges | 65/66B | €197 | €104 | -€93 | -47.4% |
| Recurring financial charges | 65 | €197 | €104 | -€93 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €109,196 | €96,515 | -€12,681 | -11.6% |
| Income taxes | 67/77 | €28,355 | €24,743 | -€3,612 | -12.7% |
| Profit (loss) for the period | 9904 | €80,841 | €71,772 | -€9,069 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,841 | €71,772 | -€9,069 | -11.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.