MULTIDEAL: what changed
MULTIDEAL
Largest movements
- Tangible fixed assets -€19,145
down €19,145 (-8.6%), from €221,976 to €202,832
of which Land and buildings: -€11,727
- Receivables within one year -€4,746
no longer reported in 2025 (was €4,746)
of which Trade receivables: -€2,834
- Other debts +€19,628
up €19,628 (+30.5%), from €64,290 to €83,918
- Profit (loss) carried forward -€16,931
down €16,931 (-290%), from -€5,841 to -€22,772
- Short-term financial debts -€14,420
down €14,420 (-76.0%), from €18,983 to €4,563
- Debts after one year -€3,645
down €3,645 (-19.5%), from €18,645 to €15,000
of which Financial debts: -€3,645
- Tax, wage and social debts -€3,092
down €3,092 (-84.4%), from €3,661 to €569
- Gross operating margin -€7,519
down €7,519 (-94.0%), from €7,997 to €477
- Depreciation -€2,755
down €2,755 (-18.5%), from €14,919 to €12,164
- Other operating charges -€2,691
down €2,691 (-92.4%), from €2,910 to €220
- Financial income -€1,647
no longer reported in 2025 (was €1,647)
- Financial charges -€1,116
down €1,116 (-30.4%), from €3,670 to €2,553
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,803 | €203,446 | -€24,357 | -10.7% |
| Fixed assets | 21/28 | €221,976 | €202,832 | -€19,145 | -8.6% |
| Tangible fixed assets | 22/27 | €221,976 | €202,832 | -€19,145 | -8.6% |
| Land and buildings | 22 | €214,268 | €202,541 | -€11,727 | -5.5% |
| Furniture and vehicles | 24 | €7,708 | €291 | -€7,417 | -96.2% |
| Current assets | 29/58 | €5,826 | €614 | -€5,212 | -89.5% |
| Amounts receivable within one year | 40/41 | €4,746 | - | -€4,746 | |
| Trade receivables | 40 | €2,834 | - | -€2,834 | |
| Other amounts receivable | 41 | €1,912 | - | -€1,912 | |
| Current investments | 50/53 | €496 | €0 | -€496 | -100.0% |
| Deferred charges and accrued income | 490/1 | €584 | €614 | +€29 | +5.0% |
| Total equity and liabilities | 10/49 | €227,803 | €203,446 | -€24,357 | -10.7% |
| Equity | 10/15 | €105,170 | €86,226 | -€18,944 | -18.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €92,419 | €90,406 | -€2,013 | -2.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,160 | €22,147 | -€2,013 | -8.3% |
| Distributable reserves | 133 | €66,400 | €66,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,841 | -€22,772 | -€16,931 | -290% |
| Provisions and deferred taxes | 16 | €8,044 | €7,373 | -€670 | -8.3% |
| Deferred taxes | 168 | €8,044 | €7,373 | -€670 | -8.3% |
| Amounts payable | 17/49 | €114,589 | €109,846 | -€4,743 | -4.1% |
| Amounts payable after more than one year | 17 | €18,645 | €15,000 | -€3,645 | -19.5% |
| Financial debts | 170/4 | €3,645 | - | -€3,645 | |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,944 | €94,846 | -€1,098 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €6,076 | €3,645 | -€2,431 | -40.0% |
| Financial debts | 43 | €18,983 | €4,563 | -€14,420 | -76.0% |
| Credit institutions | 430/8 | €18,983 | €4,563 | -€14,420 | -76.0% |
| Trade debts | 44 | €2,934 | €2,151 | -€782 | -26.7% |
| Suppliers | 440/4 | €2,934 | €2,151 | -€782 | -26.7% |
| Taxes, remuneration and social security | 45 | €3,661 | €569 | -€3,092 | -84.4% |
| Taxes | 450/3 | €3,661 | €569 | -€3,092 | -84.4% |
| Other amounts payable | 47/48 | €64,290 | €83,918 | +€19,628 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,919 | €12,164 | -€2,755 | -18.5% |
| Other operating charges | 640/8 | €2,910 | €220 | -€2,691 | -92.4% |
| Non-recurring operating charges | 66A | - | €4,080 | +€4,080 | |
| Gross operating margin | 9900 | €7,997 | €477 | -€7,519 | -94.0% |
| Operating profit (loss) | 9901 | -€9,833 | -€15,987 | -€6,154 | -62.6% |
| Financial income | 75/76B | €1,647 | - | -€1,647 | |
| Recurring financial income | 75 | €1,647 | - | -€1,647 | |
| Financial charges | 65/66B | €3,670 | €2,553 | -€1,116 | -30.4% |
| Recurring financial charges | 65 | €3,670 | €2,553 | -€1,116 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,856 | -€18,541 | -€6,684 | -56.4% |
| Transfer from deferred taxes | 780 | €670 | €670 | = | 0.0% |
| Income taxes | 67/77 | - | €1,074 | +€1,074 | |
| Profit (loss) for the period | 9904 | -€11,186 | -€18,944 | -€7,758 | -69.4% |
| Transfer from tax-exempt reserves | 789 | €2,013 | €2,013 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,173 | -€16,931 | -€7,758 | -84.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.