Multum Bouwadvies: 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.
Multum Bouwadvies
Largest movements
- Cash +€50,212
up €50,212 (+48.6%), from €103,371 to €153,583
mainly Net result for the year (+€49,618) and Depreciation (+€14,356)
- Deferred charges and accrued income -€4,279
down €4,279 (-76.0%), from €5,631 to €1,352
- Reserves +€49,618
up €49,618 (+75.1%), from €66,064 to €115,682
- Debts after one year -€15,046
down €15,046 (-6.6%), from €229,377 to €214,331
- Trade debts +€8,128
up €8,128 (+218%), from €3,731 to €11,859
- Tax, wage and social debts +€4,901
up €4,901 (+55.2%), from €8,875 to €13,776
- Gross operating margin +€45,955
up €45,955 (+95.7%), from €48,021 to €93,976
- Other operating charges -€26,942
down €26,942 (-95.9%), from €28,091 to €1,150
- Taxes +€15,697
up €15,697 (+742%), from €2,115 to €17,812
- Depreciation +€5,409
up €5,409 (+60.5%), from €8,947 to €14,356
- Financial charges +€3,134
up €3,134 (+39.6%), from €7,906 to €11,041
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 | €348,553 | €397,111 | +€48,559 | +13.9% |
| Fixed assets | 21/28 | €237,877 | €239,714 | +€1,837 | +0.8% |
| Tangible fixed assets | 22/27 | €237,877 | €239,714 | +€1,837 | +0.8% |
| Land and buildings | 22 | €230,472 | €233,763 | +€3,291 | +1.4% |
| Plant, machinery and equipment | 23 | - | €4,043 | +€4,043 | |
| Furniture and vehicles | 24 | €7,405 | €1,908 | -€5,497 | -74.2% |
| Current assets | 29/58 | €110,676 | €157,398 | +€46,722 | +42.2% |
| Amounts receivable within one year | 40/41 | €1,674 | €2,463 | +€789 | +47.2% |
| Trade receivables | 40 | €1,611 | €2,463 | +€852 | +52.9% |
| Other amounts receivable | 41 | €63 | €0 | -€63 | -100% |
| Cash at bank and in hand | 54/58 | €103,371 | €153,583 | +€50,212 | +48.6% |
| Deferred charges and accrued income | 490/1 | €5,631 | €1,352 | -€4,279 | -76.0% |
| Total equity and liabilities | 10/49 | €348,553 | €397,111 | +€48,559 | +13.9% |
| Equity | 10/15 | €72,064 | €121,682 | +€49,618 | +68.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €66,064 | €115,682 | +€49,618 | +75.1% |
| Distributable reserves | 133 | €66,064 | €115,682 | +€49,618 | +75.1% |
| Amounts payable | 17/49 | €276,489 | €275,430 | -€1,059 | -0.4% |
| Amounts payable after more than one year | 17 | €229,377 | €214,331 | -€15,046 | -6.6% |
| Financial debts | 170/4 | €229,377 | €214,331 | -€15,046 | -6.6% |
| Amounts payable within one year | 42/48 | €46,084 | €59,787 | +€13,703 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €16,977 | €15,046 | -€1,931 | -11.4% |
| Trade debts | 44 | €3,731 | €11,859 | +€8,128 | +218% |
| Suppliers | 440/4 | €3,731 | €11,859 | +€8,128 | +218% |
| Taxes, remuneration and social security | 45 | €8,875 | €13,776 | +€4,901 | +55.2% |
| Taxes | 450/3 | €8,875 | €13,776 | +€4,901 | +55.2% |
| Other amounts payable | 47/48 | €16,500 | €19,105 | +€2,605 | +15.8% |
| Accrued charges and deferred income | 492/3 | €1,029 | €1,312 | +€283 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,947 | €14,356 | +€5,409 | +60.5% |
| Other operating charges | 640/8 | €28,091 | €1,150 | -€26,942 | -95.9% |
| Gross operating margin | 9900 | €48,021 | €93,976 | +€45,955 | +95.7% |
| Operating profit (loss) | 9901 | €10,983 | €78,471 | +€67,488 | +615% |
| Financial income | 75/76B | €122 | €0 | -€122 | -100.0% |
| Recurring financial income | 75 | €122 | €0 | -€122 | -100.0% |
| Financial charges | 65/66B | €7,906 | €11,041 | +€3,134 | +39.6% |
| Recurring financial charges | 65 | €7,906 | €11,041 | +€3,134 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €3,198 | €67,430 | +€64,232 | +2,008% |
| Income taxes | 67/77 | €2,115 | €17,812 | +€15,697 | +742% |
| Profit (loss) for the period | 9904 | €1,084 | €49,618 | +€48,534 | +4,479% |
| Profit (loss) for the period to be appropriated | 9905 | €1,084 | €49,618 | +€48,534 | +4,479% |
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 25 October 2026 via checked.be.