MULTI - VALUE: what changed
What changed
MULTI - VALUE
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€158,443
2024 · €4,955+€153,487
Equity
€325,712
2024 · €167,270+€158,443
Cash
€106,386
2024 · €190+€106,196
Balance sheet total
€1.4m
2024 · €913,818+€517,345
Largest movements
Assets
- Receivables within one year +€229,320
up €229,320 (+28.2%), from €814,091 to €1.0m
of which Trade receivables: +€306,559
- Intangible fixed assets +€189,037
up €189,037 (+2,229%), from €8,480 to €197,517
- Cash +€106,196
up €106,196 (+56,011%), from €190 to €106,386
mainly Trade debts (+€408,855) and Net result for the year (+€158,443)
Equity and liabilities
- Trade debts +€408,855
up €408,855 (+388%), from €105,474 to €514,329
- Reserves +€158,443
up €158,443 (+108%), from €147,270 to €305,712
- Accrued charges and deferred income +€132,166
up €132,166 (+153%), from €86,151 to €218,317
- Advances received -€100,000
down €100,000 (-97.6%), from €102,500 to €2,500
- Tax, wage and social debts -€59,825
down €59,825 (-37.8%), from €158,214 to €98,390
of which Remuneration and social security: -€33,802
Income statement
- Gross operating margin +€245,247
up €245,247 (+26.5%), from €926,604 to €1.2m
- Staff costs +€189,848
up €189,848 (+25.2%), from €752,835 to €942,683
- Financial charges -€147,743
down €147,743 (-91.0%), from €162,344 to €14,600
of which Non-recurring financial charges: -€150,343
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.
Result 2024
€4,955
Gross operating margin
+€245,247
Staff costs
-€189,848
Depreciation
-€1,139
Other operating charges
-€411
Other operating items
-€49,000
Financial income
+€8,353
Financial charges
+€147,743
Taxes
-€7,457
Result 2025
€158,443
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€337,088
Investment
-€186,681
Financing
-€44,210
Cash 2024
€190
From operations (derived)
+€337,088
Net result for the year
+€158,443
Depreciation
+€7,886
Receivables within one year
-€229,320
Deferred charges and accrued income
-€3,034
Trade debts
+€408,855
Tax, wage and social debts
-€59,825
Advances received
-€100,000
Other debts
+€21,916
Accrued charges and deferred income
+€132,166
Investment (derived)
-€186,681
Investment in fixed assets (net)
-€186,681
Financing
-€44,210
Short-term financial debts
-€44,210
Cash 2025
€106,386
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,818 | €1,431,163 | +€517,345 | +56.6% |
| Fixed assets | 21/28 | €96,776 | €275,571 | +€178,795 | +185% |
| Intangible fixed assets | 21 | €8,480 | €197,517 | +€189,037 | +2,229% |
| Tangible fixed assets | 22/27 | €4,029 | €7,129 | +€3,100 | +77.0% |
| Plant, machinery and equipment | 23 | €1,722 | €3,050 | +€1,328 | +77.1% |
| Furniture and vehicles | 24 | €2,306 | €4,078 | +€1,772 | +76.8% |
| Financial fixed assets | 28 | €84,268 | €70,925 | -€13,342 | -15.8% |
| Current assets | 29/58 | €817,042 | €1,155,592 | +€338,550 | +41.4% |
| Amounts receivable within one year | 40/41 | €814,091 | €1,043,411 | +€229,320 | +28.2% |
| Trade receivables | 40 | €732,524 | €1,039,083 | +€306,559 | +41.8% |
| Other amounts receivable | 41 | €81,567 | €4,328 | -€77,239 | -94.7% |
| Cash at bank and in hand | 54/58 | €190 | €106,386 | +€106,196 | +56,011% |
| Deferred charges and accrued income | 490/1 | €2,761 | €5,795 | +€3,034 | +110% |
| Total equity and liabilities | 10/49 | €913,818 | €1,431,163 | +€517,345 | +56.6% |
| Equity | 10/15 | €167,270 | €325,712 | +€158,443 | +94.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €147,270 | €305,712 | +€158,443 | +108% |
| Distributable reserves | 133 | €147,270 | €305,712 | +€158,443 | +108% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €746,548 | €1,105,451 | +€358,902 | +48.1% |
| Amounts payable within one year | 42/48 | €660,398 | €887,134 | +€226,737 | +34.3% |
| Financial debts | 43 | €94,210 | €50,000 | -€44,210 | -46.9% |
| Credit institutions | 430/8 | €94,210 | €50,000 | -€44,210 | -46.9% |
| Trade debts | 44 | €105,474 | €514,329 | +€408,855 | +388% |
| Suppliers | 440/4 | €105,474 | €514,329 | +€408,855 | +388% |
| Advances received on contracts in progress | 46 | €102,500 | €2,500 | -€100,000 | -97.6% |
| Taxes, remuneration and social security | 45 | €158,214 | €98,390 | -€59,825 | -37.8% |
| Taxes | 450/3 | €44,802 | €18,779 | -€26,023 | -58.1% |
| Remuneration and social security | 454/9 | €113,412 | €79,610 | -€33,802 | -29.8% |
| Other amounts payable | 47/48 | €200,000 | €221,916 | +€21,916 | +11.0% |
| Accrued charges and deferred income | 492/3 | €86,151 | €218,317 | +€132,166 | +153% |
| Non-recurring operating income | 76A | - | €12,433 | +€12,433 | |
| Remuneration, social security and pensions | 62 | €752,835 | €942,683 | +€189,848 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,748 | €7,886 | +€1,139 | +16.9% |
| Other operating charges | 640/8 | €1,021 | €1,432 | +€411 | +40.3% |
| Non-recurring operating charges | 66A | - | €49,000 | +€49,000 | |
| Gross operating margin | 9900 | €926,604 | €1,171,851 | +€245,247 | +26.5% |
| Operating profit (loss) | 9901 | €166,001 | €170,849 | +€4,848 | +2.9% |
| Financial income | 75/76B | €1,840 | €10,192 | +€8,353 | +454% |
| Recurring financial income | 75 | €1,840 | €192 | -€1,647 | -89.6% |
| Non-recurring financial income | 76B | - | €10,000 | +€10,000 | |
| Financial charges | 65/66B | €162,344 | €14,600 | -€147,743 | -91.0% |
| Recurring financial charges | 65 | €12,001 | €14,600 | +€2,599 | +21.7% |
| Non-recurring financial charges | 66B | €150,343 | €0 | -€150,343 | -100% |
| Profit (loss) for the period before taxes | 9903 | €5,497 | €166,441 | +€160,944 | +2,928% |
| Income taxes | 67/77 | €541 | €7,998 | +€7,457 | +1,378% |
| Profit (loss) for the period | 9904 | €4,955 | €158,443 | +€153,487 | +3,097% |
| Profit (loss) for the period to be appropriated | 9905 | €4,955 | €158,443 | +€153,487 | +3,097% |
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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.