MULTONET: 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.
MULTONET
Largest movements
- Cash +€25,615
up €25,615 (+35.6%), from €71,903 to €97,518
mainly Trade debts (+€40,953) and Depreciation (+€5,132)
- Receivables within one year +€16,045
up €16,045 (+32.9%), from €48,715 to €64,760
of which Trade receivables: +€17,671
- Tangible fixed assets -€3,132
down €3,132 (-46.3%), from €6,767 to €3,635
of which Furniture and vehicles: -€5,050
- Trade debts +€40,953
up €40,953 (+365.1%), from €11,216 to €52,169
- Tax, wage and social debts -€1,971
down €1,971 (-26.0%), from €7,576 to €5,605
of which Taxes: -€4,971
- Purchases and services +€29,877
up €29,877 (+10.2%), from €292,948 to €322,826
- Turnover +€17,954
up €17,954 (+5.8%), from €307,637 to €325,591
- Gross operating margin -€11,923
down €11,923 (-81.2%), from €14,689 to €2,765
- Financial income +€4,811
up €4,811 (+1459.2%), from €330 to €5,140
of which Financial income: +€4,811
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.
Cash bridge derived
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 | €132,935 | €171,463 | +€38,527 | +29.0% |
| Fixed assets | 21/28 | €8,317 | €5,185 | -€3,132 | -37.7% |
| Tangible fixed assets | 22/27 | €6,767 | €3,635 | -€3,132 | -46.3% |
| Plant, machinery and equipment | 23 | - | €1,918 | +€1,918 | |
| Furniture and vehicles | 24 | €6,767 | €1,717 | -€5,050 | -74.6% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €124,618 | €166,278 | +€41,659 | +33.4% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,715 | €64,760 | +€16,045 | +32.9% |
| Trade receivables | 40 | €33,237 | €50,909 | +€17,671 | +53.2% |
| Other amounts receivable | 41 | €15,478 | €13,851 | -€1,627 | -10.5% |
| Cash at bank and in hand | 54/58 | €71,903 | €97,518 | +€25,615 | +35.6% |
| Total equity and liabilities | 10/49 | €132,935 | €171,463 | +€38,527 | +29.0% |
| Equity | 10/15 | €112,948 | €113,689 | +€740 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 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 | €92,488 | €93,229 | +€740 | +0.8% |
| Amounts payable | 17/49 | €19,987 | €57,774 | +€37,787 | +189.1% |
| Amounts payable after more than one year | 17 | €429 | - | -€429 | |
| Financial debts | 170/4 | €429 | - | -€429 | |
| Amounts payable within one year | 42/48 | €19,558 | €57,774 | +€38,216 | +195.4% |
| Current portion of amounts payable after more than one year | 42 | €766 | - | -€766 | |
| Trade debts | 44 | €11,216 | €52,169 | +€40,953 | +365.1% |
| Suppliers | 440/4 | €11,216 | €52,169 | +€40,953 | +365.1% |
| Taxes, remuneration and social security | 45 | €7,576 | €5,605 | -€1,971 | -26.0% |
| Taxes | 450/3 | €6,576 | €1,605 | -€4,971 | -75.6% |
| Remuneration and social security | 454/9 | €1,000 | €4,000 | +€3,000 | +300.0% |
| Turnover | 70 | €307,637 | €325,591 | +€17,954 | +5.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €292,948 | €322,826 | +€29,877 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,030 | €5,132 | +€2,102 | +69.4% |
| Other operating charges | 640/8 | €2,995 | €1,359 | -€1,637 | -54.6% |
| Non-recurring operating charges | 66A | - | €339 | +€339 | |
| Gross operating margin | 9900 | €14,689 | €2,765 | -€11,923 | -81.2% |
| Operating profit (loss) | 9901 | €8,663 | -€4,064 | -€12,728 | |
| Financial income | 75/76B | €330 | €5,140 | +€4,811 | +1459.2% |
| Recurring financial income | 75 | €330 | €5,140 | +€4,811 | +1459.2% |
| Non-recurring financial income | 76B | €330 | - | -€330 | |
| Financial charges | 65/66B | €685 | €336 | -€350 | -51.0% |
| Recurring financial charges | 65 | €168 | €336 | +€167 | +99.6% |
| Non-recurring financial charges | 66B | €517 | - | -€517 | |
| Profit (loss) for the period before taxes | 9903 | €8,308 | €740 | -€7,567 | -91.1% |
| Income taxes | 67/77 | €3,190 | - | -€3,190 | |
| Profit (loss) for the period | 9904 | €5,118 | €740 | -€4,378 | -85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,118 | €740 | -€4,378 | -85.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.