MULTISYN: what changed
MULTISYN
Largest movements
- Cash -€60,602
down €60,602 (-70.8%), from €85,620 to €25,019
mainly Net result for the year (-€34,289) and Deferred charges and accrued income (-€28,713)
- Tangible fixed assets -€30,193
down €30,193 (-33.3%), from €90,772 to €60,579
of which Furniture and vehicles: -€27,126
- Deferred charges and accrued income +€28,713
up €28,713 (+242%), from €11,872 to €40,585
- Receivables within one year -€19,135
down €19,135 (-30.9%), from €62,019 to €42,884
of which Trade receivables: -€10,003
- Financial fixed assets +€10,000
up €10,000 (+3,460%), from €289 to €10,289
- Profit (loss) carried forward -€34,289
down €34,289 (-31.0%), from €110,612 to €76,323
- Debts after one year -€19,344
down €19,344 (-54.7%), from €35,393 to €16,049
- Current portion of long-term debt -€14,901
down €14,901 (-43.5%), from €34,245 to €19,344
- Trade debts -€3,572
down €3,572 (-51.9%), from €6,885 to €3,313
- Staff costs +€156,082
up €156,082 (+29.4%), from €530,438 to €686,521
- Gross operating margin +€98,213
up €98,213 (+16.3%), from €602,011 to €700,224
- Taxes -€11,776
down €11,776 (-80.3%), from €14,669 to €2,894
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
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,656 | €237,062 | -€72,594 | -23.4% |
| Fixed assets | 21/28 | €93,345 | €71,774 | -€21,570 | -23.1% |
| Intangible fixed assets | 21 | €2,283 | €906 | -€1,377 | -60.3% |
| Tangible fixed assets | 22/27 | €90,772 | €60,579 | -€30,193 | -33.3% |
| Furniture and vehicles | 24 | €79,285 | €52,159 | -€27,126 | -34.2% |
| Other tangible fixed assets | 26 | €11,488 | €8,421 | -€3,067 | -26.7% |
| Financial fixed assets | 28 | €289 | €10,289 | +€10,000 | +3,460% |
| Current assets | 29/58 | €216,311 | €165,288 | -€51,024 | -23.6% |
| Amounts receivable within one year | 40/41 | €62,019 | €42,884 | -€19,135 | -30.9% |
| Trade receivables | 40 | €40,781 | €30,778 | -€10,003 | -24.5% |
| Other amounts receivable | 41 | €21,239 | €12,106 | -€9,132 | -43.0% |
| Current investments | 50/53 | €56,800 | €56,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,620 | €25,019 | -€60,602 | -70.8% |
| Deferred charges and accrued income | 490/1 | €11,872 | €40,585 | +€28,713 | +242% |
| Total equity and liabilities | 10/49 | €309,656 | €237,062 | -€72,594 | -23.4% |
| Equity | 10/15 | €187,817 | €153,528 | -€34,289 | -18.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €58,655 | €58,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,800 | €56,800 | = | 0.0% |
| Own shares acquired | 1312 | €56,800 | €56,800 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,612 | €76,323 | -€34,289 | -31.0% |
| Amounts payable | 17/49 | €121,839 | €83,534 | -€38,305 | -31.4% |
| Amounts payable after more than one year | 17 | €35,393 | €16,049 | -€19,344 | -54.7% |
| Financial debts | 170/4 | €35,393 | €16,049 | -€19,344 | -54.7% |
| Amounts payable within one year | 42/48 | €86,446 | €67,484 | -€18,961 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €34,245 | €19,344 | -€14,901 | -43.5% |
| Trade debts | 44 | €6,885 | €3,313 | -€3,572 | -51.9% |
| Suppliers | 440/4 | €6,885 | €3,313 | -€3,572 | -51.9% |
| Taxes, remuneration and social security | 45 | €45,315 | €44,828 | -€488 | -1.1% |
| Taxes | 450/3 | €10,912 | €18,848 | +€7,936 | +72.7% |
| Remuneration and social security | 454/9 | €34,403 | €25,980 | -€8,423 | -24.5% |
| Non-recurring operating income | 76A | €7,112 | - | -€7,112 | |
| Remuneration, social security and pensions | 62 | €530,438 | €686,521 | +€156,082 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,276 | €30,023 | -€4,253 | -12.4% |
| Other operating charges | 640/8 | €4,561 | €3,030 | -€1,530 | -33.6% |
| Gross operating margin | 9900 | €602,011 | €700,224 | +€98,213 | +16.3% |
| Operating profit (loss) | 9901 | €32,736 | -€19,350 | -€52,085 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +506% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +506% |
| Financial charges | 65/66B | €6,622 | €12,047 | +€5,425 | +81.9% |
| Recurring financial charges | 65 | €6,622 | €12,047 | +€5,425 | +81.9% |
| Profit (loss) for the period before taxes | 9903 | €26,114 | -€31,395 | -€57,509 | |
| Income taxes | 67/77 | €14,669 | €2,894 | -€11,776 | -80.3% |
| Profit (loss) for the period | 9904 | €11,444 | -€34,289 | -€45,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,444 | -€34,289 | -€45,734 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.