MULTIMAGO: 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.
MULTIMAGO
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€94,661
up €94,661 (+61.8%), from €153,133 to €247,794
mainly Current investments (+€100,000) and Net result for the year (+€66,571)
- Receivables within one year +€25,967
up €25,967 (+997%), from €2,604 to €28,571
of which Trade receivables: +€27,128
- Trade debts +€14,311
up €14,311 (+433%), from €3,309 to €17,619
- Other debts +€12,824
up €12,824 (+27.6%), from €46,517 to €59,341
- Reserves -€12,642
down €12,642 (-6.1%), from €207,544 to €194,903
- Gross operating margin +€26,823
up €26,823 (+39.2%), from €68,450 to €95,274
- Taxes +€8,721
up €8,721 (+48.7%), from €17,917 to €26,639
- Financial income +€2,000
up €2,000, from €0 to €2,000
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 | €265,785 | €282,310 | +€16,525 | +6.2% |
| Fixed assets | 21/28 | €2,487 | €1,175 | -€1,311 | -52.7% |
| Tangible fixed assets | 22/27 | €2,487 | €1,175 | -€1,311 | -52.7% |
| Plant, machinery and equipment | 23 | €95 | €0 | -€95 | -100% |
| Furniture and vehicles | 24 | €2,392 | €1,175 | -€1,216 | -50.9% |
| Current assets | 29/58 | €263,298 | €281,135 | +€17,837 | +6.8% |
| Amounts receivable within one year | 40/41 | €2,604 | €28,571 | +€25,967 | +997% |
| Trade receivables | 40 | €1,392 | €28,520 | +€27,128 | +1,950% |
| Other amounts receivable | 41 | €1,213 | €52 | -€1,161 | -95.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €153,133 | €247,794 | +€94,661 | +61.8% |
| Deferred charges and accrued income | 490/1 | €7,561 | €4,769 | -€2,792 | -36.9% |
| Total equity and liabilities | 10/49 | €265,785 | €282,310 | +€16,525 | +6.2% |
| Equity | 10/15 | €213,744 | €201,103 | -€12,642 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €207,544 | €194,903 | -€12,642 | -6.1% |
| Distributable reserves | 133 | €207,544 | €194,903 | -€12,642 | -6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,041 | €81,207 | +€29,167 | +56.0% |
| Amounts payable within one year | 42/48 | €52,041 | €81,207 | +€29,167 | +56.0% |
| Financial debts | 43 | €322 | €207 | -€115 | -35.7% |
| Credit institutions | 430/8 | €322 | €0 | -€322 | -100% |
| Other loans | 439 | - | €207 | +€207 | |
| Trade debts | 44 | €3,309 | €17,619 | +€14,311 | +433% |
| Suppliers | 440/4 | €3,309 | €17,619 | +€14,311 | +433% |
| Taxes, remuneration and social security | 45 | €1,892 | €4,040 | +€2,147 | +113% |
| Taxes | 450/3 | €1,892 | €4,040 | +€2,147 | +113% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €46,517 | €59,341 | +€12,824 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,786 | €1,311 | -€474 | -26.6% |
| Other operating charges | 640/8 | €559 | €575 | +€15 | +2.8% |
| Gross operating margin | 9900 | €68,450 | €95,274 | +€26,823 | +39.2% |
| Operating profit (loss) | 9901 | €66,105 | €93,387 | +€27,282 | +41.3% |
| Financial income | 75/76B | €0 | €2,000 | +€2,000 | |
| Recurring financial income | 75 | €0 | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €2,130 | €2,178 | +€48 | +2.3% |
| Recurring financial charges | 65 | €2,130 | €2,178 | +€48 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €63,975 | €93,209 | +€29,235 | +45.7% |
| Income taxes | 67/77 | €17,917 | €26,639 | +€8,721 | +48.7% |
| Profit (loss) for the period | 9904 | €46,058 | €66,571 | +€20,513 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,058 | €66,571 | +€20,513 | +44.5% |
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 17 October 2026 via checked.be.