MULTIFINANCES: 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
MULTIFINANCES
NACE 66.191, Agents and brokers in banking services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€230,725
2024 · €231,320-€595
Equity
€2.4m
2024 · €2.2m+€221,725
Cash
€202,916
2024 · €99,286+€103,630
Balance sheet total
€3.9m
2024 · €3.8m+€39,578
Largest movements
Assets
- Cash +€103,630
up €103,630 (+104%), from €99,286 to €202,916
mainly Net result for the year (+€230,725) and Depreciation (+€105,538)
Equity and liabilities
- Reserves +€221,725
up €221,725 (+10.4%), from €2.1m to €2.3m
of which Distributable reserves: +€221,725
- Debts after one year -€178,062
down €178,062 (-20.5%), from €870,708 to €692,646
Income statement
- Gross operating margin +€56,603
up €56,603 (+12.4%), from €458,009 to €514,612
- Depreciation +€50,252
up €50,252 (+90.9%), from €55,286 to €105,538
- Staff costs +€5,439
up €5,439 (+7.8%), from €69,887 to €75,326
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
€231,320
Gross operating margin
+€56,603
Staff costs
-€5,439
Depreciation
-€50,252
Other operating charges
+€38
Financial income
-€1,177
Financial charges
-€27
Taxes
-€341
Result 2025
€230,725
raises the resultlowers the result
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
+€357,707
Investment
-€69,698
Financing
-€184,378
Cash 2024
€99,286
From operations (derived)
+€357,707
Net result for the year
+€230,725
Depreciation
+€105,538
Receivables within one year
+€31,768
Deferred charges and accrued income
-€3,555
Trade debts
-€6,566
Tax, wage and social debts
-€2,375
Other debts
+€2,172
Investment (derived)
-€69,698
Investment in fixed assets (net)
-€69,698
Financing
-€184,378
Debts after one year
-€178,062
Current portion of long-term debt
+€2,684
Contributions, distributions and other
-€9,000
Cash 2025
€202,916
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,849,499 | €3,889,077 | +€39,578 | +1.0% |
| Fixed assets | 21/28 | €3,622,638 | €3,586,798 | -€35,839 | -1.0% |
| Tangible fixed assets | 22/27 | €3,622,638 | €3,586,798 | -€35,839 | -1.0% |
| Land and buildings | 22 | €747,756 | €3,582,437 | +€2.8m | +379% |
| Plant, machinery and equipment | 23 | €4,280 | €3,531 | -€748 | -17.5% |
| Furniture and vehicles | 24 | €980 | €830 | -€150 | -15.3% |
| Other tangible fixed assets | 26 | €15 | - | -€15 | |
| Assets under construction and advance payments | 27 | €2,869,607 | - | -€2.9m | |
| Current assets | 29/58 | €226,861 | €302,279 | +€75,418 | +33.2% |
| Amounts receivable within one year | 40/41 | €115,068 | €83,300 | -€31,768 | -27.6% |
| Trade receivables | 40 | €1,768 | - | -€1,768 | |
| Other amounts receivable | 41 | €113,300 | €83,300 | -€30,000 | -26.5% |
| Cash at bank and in hand | 54/58 | €99,286 | €202,916 | +€103,630 | +104% |
| Deferred charges and accrued income | 490/1 | €12,507 | €16,062 | +€3,555 | +28.4% |
| Total equity and liabilities | 10/49 | €3,849,499 | €3,889,077 | +€39,578 | +1.0% |
| Equity | 10/15 | €2,170,593 | €2,392,318 | +€221,725 | +10.2% |
| Contributions | 10/11 | €43,401 | €43,401 | = | 0.0% |
| Reserves | 13 | €2,126,331 | €2,348,056 | +€221,725 | +10.4% |
| Non-distributable reserves | 130/1 | €5,580 | €5,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,580 | €5,580 | = | 0.0% |
| Distributable reserves | 133 | €2,120,751 | €2,342,476 | +€221,725 | +10.5% |
| Profit (loss) carried forward | 14 | €861 | €861 | = | 0.0% |
| Amounts payable | 17/49 | €1,678,906 | €1,496,759 | -€182,147 | -10.8% |
| Amounts payable after more than one year | 17 | €870,708 | €692,646 | -€178,062 | -20.5% |
| Financial debts | 170/4 | €870,708 | €692,646 | -€178,062 | -20.5% |
| Amounts payable within one year | 42/48 | €808,197 | €804,113 | -€4,085 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €195,554 | €198,238 | +€2,684 | +1.4% |
| Trade debts | 44 | €52,573 | €46,007 | -€6,566 | -12.5% |
| Suppliers | 440/4 | €52,573 | €46,007 | -€6,566 | -12.5% |
| Taxes, remuneration and social security | 45 | €34,261 | €31,886 | -€2,375 | -6.9% |
| Taxes | 450/3 | €30,920 | €31,203 | +€283 | +0.9% |
| Remuneration and social security | 454/9 | €3,341 | €683 | -€2,658 | -79.6% |
| Other amounts payable | 47/48 | €525,810 | €527,982 | +€2,172 | +0.4% |
| Remuneration, social security and pensions | 62 | €69,887 | €75,326 | +€5,439 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,286 | €105,538 | +€50,252 | +90.9% |
| Other operating charges | 640/8 | €12,257 | €12,219 | -€38 | -0.3% |
| Gross operating margin | 9900 | €458,009 | €514,612 | +€56,603 | +12.4% |
| Operating profit (loss) | 9901 | €320,578 | €321,529 | +€950 | +0.3% |
| Financial income | 75/76B | €1,446 | €268 | -€1,177 | -81.4% |
| Recurring financial income | 75 | €1,446 | €268 | -€1,177 | -81.4% |
| Financial charges | 65/66B | €19,784 | €19,811 | +€27 | +0.1% |
| Recurring financial charges | 65 | €19,784 | €19,811 | +€27 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €302,240 | €301,986 | -€254 | -0.1% |
| Income taxes | 67/77 | €70,920 | €71,261 | +€341 | +0.5% |
| Profit (loss) for the period | 9904 | €231,320 | €230,725 | -€595 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €231,320 | €230,725 | -€595 | -0.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.