MULTRASHIP 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.
MULTRASHIP BELGIUM
Largest movements
- Cash +€32,307
up €32,307 (+66.1%), from €48,843 to €81,150
mainly Receivables within one year (+€14,313) and Tax, wage and social debts (+€13,394)
- Receivables within one year -€14,313
down €14,313 (-21.1%), from €67,906 to €53,594
- Tangible fixed assets -€11,005
down €11,005 (-32.4%), from €33,934 to €22,929
- Tax, wage and social debts +€13,394
up €13,394 (+76.0%), from €17,628 to €31,022
- Profit (loss) carried forward -€8,841
down €8,841 (-15.3%), from €57,658 to €48,817
- Staff costs +€27,785
up €27,785 (+20.9%), from €132,633 to €160,418
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 | €155,486 | €160,944 | +€5,458 | +3.5% |
| Fixed assets | 21/28 | €38,736 | €26,200 | -€12,536 | -32.4% |
| Intangible fixed assets | 21 | €2,298 | €767 | -€1,531 | -66.6% |
| Tangible fixed assets | 22/27 | €33,934 | €22,929 | -€11,005 | -32.4% |
| Furniture and vehicles | 24 | €33,934 | €22,929 | -€11,005 | -32.4% |
| Financial fixed assets | 28 | €2,505 | €2,505 | = | 0.0% |
| Current assets | 29/58 | €116,750 | €134,744 | +€17,994 | +15.4% |
| Amounts receivable within one year | 40/41 | €67,906 | €53,594 | -€14,313 | -21.1% |
| Other amounts receivable | 41 | €67,906 | €53,594 | -€14,313 | -21.1% |
| Cash at bank and in hand | 54/58 | €48,843 | €81,150 | +€32,307 | +66.1% |
| Total equity and liabilities | 10/49 | €155,486 | €160,944 | +€5,458 | +3.5% |
| Equity | 10/15 | €125,308 | €116,467 | -€8,841 | -7.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,658 | €48,817 | -€8,841 | -15.3% |
| Amounts payable | 17/49 | €30,178 | €44,477 | +€14,299 | +47.4% |
| Amounts payable within one year | 42/48 | €30,178 | €44,477 | +€14,299 | +47.4% |
| Trade debts | 44 | €12,550 | €13,455 | +€905 | +7.2% |
| Suppliers | 440/4 | €12,550 | €13,455 | +€905 | +7.2% |
| Taxes, remuneration and social security | 45 | €17,628 | €31,022 | +€13,394 | +76.0% |
| Remuneration and social security | 454/9 | €17,628 | €31,022 | +€13,394 | +76.0% |
| Remuneration, social security and pensions | 62 | €132,633 | €160,418 | +€27,785 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,331 | €12,536 | -€795 | -6.0% |
| Other operating charges | 640/8 | €866 | €1,527 | +€661 | +76.3% |
| Gross operating margin | 9900 | €167,158 | €166,743 | -€415 | -0.2% |
| Operating profit (loss) | 9901 | €20,328 | -€7,739 | -€28,066 | |
| Financial charges | 65/66B | €1,185 | €1,102 | -€83 | -7.0% |
| Recurring financial charges | 65 | €1,185 | €1,102 | -€83 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €19,143 | -€8,841 | -€27,983 | |
| Profit (loss) for the period | 9904 | €19,143 | -€8,841 | -€27,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,143 | -€8,841 | -€27,983 |
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 28 October 2026 via checked.be.