MULTI GROUP: what changed
What changed
MULTI GROUP
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€1,209
2024 · €4,919-€3,711
Equity
€111,621
2024 · €110,413+€1,209
Cash
€54,752
2024 · €13,465+€41,287
Balance sheet total
€575,315
2024 · €796,616-€221,300
Largest movements
Assets
- Receivables within one year -€160,577
down €160,577 (-31.1%), from €516,636 to €356,059
of which Trade receivables: -€161,134
- Stocks and contracts -€101,595
down €101,595 (-38.2%), from €266,099 to €164,504
- Cash +€41,287
up €41,287 (+307%), from €13,465 to €54,752
mainly Receivables within one year (+€160,577) and Stocks and contracts (+€101,595)
Equity and liabilities
- Trade debts -€201,654
down €201,654 (-53.4%), from €377,379 to €175,726
- Other debts -€23,818
down €23,818 (-70.3%), from €33,865 to €10,047
Income statement
- Other operating charges +€4,059
up €4,059 (+69.2%), from €5,870 to €9,929
- Gross operating margin +€1,763
up €1,763 (+2.3%), from €78,325 to €80,088
- Financial charges -€1,719
down €1,719 (-9.6%), from €17,962 to €16,243
of which Non-recurring financial charges: -€1,116
- Taxes -€1,557
down €1,557 (-97.6%), from €1,596 to €39
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
€4,919
Gross operating margin
+€1,763
Staff costs
+€26
Other operating charges
-€4,059
Other operating items
-€4,709
Financial income
-€7
Financial charges
+€1,719
Taxes
+€1,557
Result 2025
€1,209
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
+€41,346
Investment
€0
Financing
-€59
Cash 2024
€13,465
From operations (derived)
+€41,346
Net result for the year
+€1,209
Stocks and contracts
+€101,595
Receivables within one year
+€160,577
Smaller working-capital items
+€429
Trade debts
-€201,654
Tax, wage and social debts
+€3,007
Other debts
-€23,818
Financing
-€59
Short-term financial debts
-€59
Cash 2025
€54,752
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €796,616 | €575,315 | -€221,300 | -27.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €796,616 | €575,315 | -€221,300 | -27.8% |
| Stocks and contracts in progress | 3 | €266,099 | €164,504 | -€101,595 | -38.2% |
| Stocks | 30/36 | €266,099 | €164,504 | -€101,595 | -38.2% |
| Amounts receivable within one year | 40/41 | €516,636 | €356,059 | -€160,577 | -31.1% |
| Trade receivables | 40 | €511,639 | €350,504 | -€161,134 | -31.5% |
| Other amounts receivable | 41 | €4,997 | €5,554 | +€558 | +11.2% |
| Cash at bank and in hand | 54/58 | €13,465 | €54,752 | +€41,287 | +307% |
| Deferred charges and accrued income | 490/1 | €415 | €0 | -€415 | -100% |
| Total equity and liabilities | 10/49 | €796,616 | €575,315 | -€221,300 | -27.8% |
| Equity | 10/15 | €110,413 | €111,621 | +€1,209 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,593 | €104,801 | +€1,209 | +1.2% |
| Amounts payable | 17/49 | €686,203 | €463,694 | -€222,509 | -32.4% |
| Amounts payable within one year | 42/48 | €686,203 | €463,680 | -€222,523 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 43 | €64,935 | €64,876 | -€59 | -0.1% |
| Credit institutions | 430/8 | €64,935 | €64,876 | -€59 | -0.1% |
| Trade debts | 44 | €377,379 | €175,726 | -€201,654 | -53.4% |
| Suppliers | 440/4 | €377,379 | €175,726 | -€201,654 | -53.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,024 | €13,031 | +€3,007 | +30.0% |
| Taxes | 450/3 | €3,219 | €5,387 | +€2,168 | +67.4% |
| Remuneration and social security | 454/9 | €6,805 | €7,644 | +€839 | +12.3% |
| Other amounts payable | 47/48 | €33,865 | €10,047 | -€23,818 | -70.3% |
| Accrued charges and deferred income | 492/3 | - | €14 | +€14 | |
| Non-recurring operating income | 76A | - | €70 | +€70 | |
| Remuneration, social security and pensions | 62 | €47,986 | €47,960 | -€26 | -0.1% |
| Other operating charges | 640/8 | €5,870 | €9,929 | +€4,059 | +69.2% |
| Non-recurring operating charges | 66A | - | €4,709 | +€4,709 | |
| Gross operating margin | 9900 | €78,325 | €80,088 | +€1,763 | +2.3% |
| Operating profit (loss) | 9901 | €24,470 | €17,490 | -€6,980 | -28.5% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €17,962 | €16,243 | -€1,719 | -9.6% |
| Recurring financial charges | 65 | €16,847 | €16,243 | -€604 | -3.6% |
| Non-recurring financial charges | 66B | €1,116 | €0 | -€1,116 | -100% |
| Profit (loss) for the period before taxes | 9903 | €6,515 | €1,247 | -€5,268 | -80.9% |
| Income taxes | 67/77 | €1,596 | €39 | -€1,557 | -97.6% |
| Profit (loss) for the period | 9904 | €4,919 | €1,209 | -€3,711 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,919 | €1,209 | -€3,711 | -75.4% |
Next steps
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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 3 November 2026 via checked.be.