MULTRONIC: 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.
What changed
MULTRONIC
NACE 46.140, Agents in the wholesale of industrial machinery, ships and aircraft
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €2.0m+€2.0m
Equity
€8.3m
2024 · €5.3m+€3.0m
Cash
€3.4m
2024 · €1.5m+€1.9m
Balance sheet total
€11.0m
2024 · €8.4m+€2.6m
Largest movements
Assets
- Cash +€1.9m
up €1.9m (+124%), from €1.5m to €3.4m
mainly Net result for the year (+€4.0m) and Receivables within one year (+€329,935)
- Tangible fixed assets +€376,802
up €376,802 (+162%), from €232,332 to €609,134
of which Furniture and vehicles: +€189,320
- Stocks and contracts +€369,041
up €369,041 (+20.1%), from €1.8m to €2.2m
- Receivables within one year -€329,935
down €329,935 (-15.4%), from €2.1m to €1.8m
of which Trade receivables: -€572,009
- Financial fixed assets +€260,000
up €260,000 (+10.8%), from €2.4m to €2.7m
of which Affiliated companies: +€2.1m
Equity and liabilities
- Profit (loss) carried forward +€3.3m
up €3.3m (+142%), from €2.3m to €5.6m
- Trade debts -€366,417
down €366,417 (-30.1%), from €1.2m to €852,085
- Reserves -€297,924
down €297,924 (-41.3%), from €721,307 to €423,383
of which Distributable reserves: -€297,924
- Tax, wage and social debts -€134,876
down €134,876 (-39.7%), from €339,997 to €205,121
of which Taxes: -€172,833
- Advances received +€113,896
up €113,896 (+64.3%), from €177,092 to €290,988
Income statement
- Turnover +€11.5m
new in 2025: €11.5m
- Goods and materials +€5.1m
new in 2025: €5.1m
of which Purchases: +€5.5m
- Gross operating margin -€4.7m
no longer reported in 2025 (was €4.7m)
- Services and other goods +€2.4m
new in 2025: €2.4m
- Financial income +€2.1m
up €2.1m (+21,211%), from €9,797 to €2.1m
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.
Result 2024
€2.0m
Turnover
+€11.5m
Other operating income
+€78,404
Goods and materials
-€5.1m
Services and other goods
-€2.4m
Staff costs
-€215,312
Depreciation
-€34,073
Provisions
+€747,800
Other operating charges
-€611
Other operating items
-€4.7m
Financial income
+€2.1m
Financial charges
-€7,447
Taxes
-€249
Result 2025
€4.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.7m
Investment
-€775,022
Financing
-€997,267
Cash 2024
€1.5m
From operations (derived)
+€3.7m
Net result for the year
+€4.0m
Depreciation
+€148,220
Stocks and contracts
-€369,041
Receivables within one year
+€329,935
Deferred charges and accrued income
-€63,481
Provisions
+€16,535
Trade debts
-€366,417
Tax, wage and social debts
-€134,876
Advances received
+€113,896
Accrued charges and deferred income
-€38
Investment (derived)
-€775,022
Investment in fixed assets (net)
-€775,022
Financing
-€997,267
Debts after one year
+€7,412
Current portion of long-term debt
-€4,679
Contributions, distributions and other
-€1.0m
Cash 2025
€3.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,386,472 | €11,024,928 | +€2.6m | +31.5% |
| Fixed assets | 21/28 | €2,647,365 | €3,274,167 | +€626,802 | +23.7% |
| Intangible fixed assets | 21 | €12,986 | €2,986 | -€10,000 | -77.0% |
| Tangible fixed assets | 22/27 | €232,332 | €609,134 | +€376,802 | +162% |
| Plant, machinery and equipment | 23 | €122,708 | €310,190 | +€187,481 | +153% |
| Furniture and vehicles | 24 | €109,624 | €298,944 | +€189,320 | +173% |
| Financial fixed assets | 28 | €2,402,047 | €2,662,047 | +€260,000 | +10.8% |
| Affiliated companies | 280/1 | - | €2,101,567 | +€2.1m | |
| Participating interests | 280 | - | €2,101,567 | +€2.1m | |
| Companies linked by participating interests | 282/3 | - | €560,480 | +€560,480 | |
| Participating interests | 282 | - | €480 | +€480 | |
| Amounts receivable | 283 | - | €560,000 | +€560,000 | |
| Current assets | 29/58 | €5,739,106 | €7,750,761 | +€2.0m | +35.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,840,234 | €2,209,275 | +€369,041 | +20.1% |
| Stocks | 30/36 | €1,840,234 | €2,209,275 | +€369,041 | +20.1% |
| Goods purchased for resale | 34 | - | €2,209,275 | +€2.2m | |
| Amounts receivable within one year | 40/41 | €2,136,874 | €1,806,938 | -€329,935 | -15.4% |
| Trade receivables | 40 | €1,630,235 | €1,058,226 | -€572,009 | -35.1% |
| Other amounts receivable | 41 | €506,638 | €748,712 | +€242,074 | +47.8% |
| Cash at bank and in hand | 54/58 | €1,537,017 | €3,446,085 | +€1.9m | +124% |
| Deferred charges and accrued income | 490/1 | €24,982 | €88,463 | +€63,481 | +254% |
| Total equity and liabilities | 10/49 | €8,386,472 | €11,024,928 | +€2.6m | +31.5% |
| Equity | 10/15 | €5,258,777 | €8,265,401 | +€3.0m | +57.2% |
| Contributions | 10/11 | €2,209,767 | €2,209,767 | = | 0.0% |
| Capital | 10 | €2,209,767 | €2,209,767 | = | 0.0% |
| Issued capital | 100 | €2,209,767 | €2,209,767 | = | 0.0% |
| Reserves | 13 | €721,307 | €423,383 | -€297,924 | -41.3% |
| Non-distributable reserves | 130/1 | €223,383 | €223,383 | = | 0.0% |
| Legal reserve | 130 | €223,383 | €223,383 | = | 0.0% |
| Distributable reserves | 133 | €497,924 | €200,000 | -€297,924 | -59.8% |
| Profit (loss) carried forward | 14 | €2,327,703 | €5,632,251 | +€3.3m | +142% |
| Provisions and deferred taxes | 16 | €1,287,852 | €1,304,386 | +€16,535 | +1.3% |
| Provisions for liabilities and charges | 160/5 | €1,287,852 | €1,304,386 | +€16,535 | +1.3% |
| Other liabilities and charges | 164/5 | €1,287,852 | €1,304,386 | +€16,535 | +1.3% |
| Amounts payable | 17/49 | €1,839,842 | €1,455,141 | -€384,701 | -20.9% |
| Amounts payable after more than one year | 17 | €39,765 | €47,177 | +€7,412 | +18.6% |
| Financial debts | 170/4 | €39,765 | €47,177 | +€7,412 | +18.6% |
| Credit institutions | 173 | - | €47,177 | +€47,177 | |
| Amounts payable within one year | 42/48 | €1,800,039 | €1,407,964 | -€392,076 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €64,448 | €59,769 | -€4,679 | -7.3% |
| Trade debts | 44 | €1,218,502 | €852,085 | -€366,417 | -30.1% |
| Suppliers | 440/4 | €1,218,502 | €852,085 | -€366,417 | -30.1% |
| Advances received on contracts in progress | 46 | €177,092 | €290,988 | +€113,896 | +64.3% |
| Taxes, remuneration and social security | 45 | €339,997 | €205,121 | -€134,876 | -39.7% |
| Taxes | 450/3 | €240,137 | €67,303 | -€172,833 | -72.0% |
| Remuneration and social security | 454/9 | €99,861 | €137,818 | +€37,957 | +38.0% |
| Accrued charges and deferred income | 492/3 | €38 | €0 | -€38 | -100% |
| Operating income | 70/76A | - | €11,627,027 | +€11.6m | |
| Turnover | 70 | - | €11,533,411 | +€11.5m | |
| Other operating income | 74 | - | €78,404 | +€78,404 | |
| Non-recurring operating income | 76A | €2,500 | €15,212 | +€12,712 | +508% |
| Operating charges | 60/66A | - | €8,982,749 | +€9.0m | |
| Goods for resale, raw materials and consumables | 60 | - | €5,116,591 | +€5.1m | |
| Purchases | 600/8 | - | €5,485,632 | +€5.5m | |
| Change in stocks: decrease (increase) | 609 | - | -€369,041 | -€369,041 | |
| Services and other goods | 61 | - | €2,351,863 | +€2.4m | |
| Remuneration, social security and pensions | 62 | €1,114,553 | €1,329,864 | +€215,312 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,147 | €148,220 | +€34,073 | +29.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €764,334 | €16,535 | -€747,800 | -97.8% |
| Other operating charges | 640/8 | €13,004 | €13,614 | +€611 | +4.7% |
| Non-recurring operating charges | 66A | - | €6,063 | +€6,063 | |
| Gross operating margin | 9900 | €4,678,908 | - | -€4.7m | |
| Operating profit (loss) | 9901 | €2,672,871 | €2,644,277 | -€28,593 | -1.1% |
| Financial income | 75/76B | €9,797 | €2,087,745 | +€2.1m | +21,211% |
| Recurring financial income | 75 | €9,797 | €2,087,745 | +€2.1m | +21,211% |
| Income from financial fixed assets | 750 | - | €2,000,000 | +€2.0m | |
| Income from current assets | 751 | - | €82,210 | +€82,210 | |
| Other financial income | 752/9 | - | €5,535 | +€5,535 | |
| Financial charges | 65/66B | €29,023 | €36,470 | +€7,447 | +25.7% |
| Recurring financial charges | 65 | €29,023 | €36,470 | +€7,447 | +25.7% |
| Debt charges | 650 | - | €4,881 | +€4,881 | |
| Other financial charges | 652/9 | - | €31,589 | +€31,589 | |
| Profit (loss) for the period before taxes | 9903 | €2,653,645 | €4,695,553 | +€2.0m | +76.9% |
| Income taxes | 67/77 | €688,680 | €688,929 | +€249 | 0.0% |
| Taxes | 670/3 | - | €688,929 | +€688,929 | |
| Profit (loss) for the period | 9904 | €1,964,965 | €4,006,623 | +€2.0m | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €1,964,965 | €4,006,623 | +€2.0m | +104% |
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 14 October 2026 via checked.be.