LE MURMURE: 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.
LE MURMURE
Largest movements
- Cash -€125,878
down €125,878 (-64.8%), from €194,146 to €68,268
mainly Debts after one year (-€129,233) and Receivables within one year (-€58,048)
- Receivables within one year +€58,048
up €58,048 (+586%), from €9,901 to €67,949
of which Trade receivables: +€58,048
- Tangible fixed assets -€12,504
down €12,504 (-1.5%), from €855,017 to €842,513
of which Land and buildings: -€24,365
- Debts after one year -€129,233
down €129,233 (-15.5%), from €832,023 to €702,790
- Trade debts +€39,194
up €39,194 (+114%), from €34,234 to €73,429
- Turnover +€83,798
up €83,798 (+14.1%), from €595,217 to €679,015
- Purchases and services +€54,467
up €54,467 (+13.9%), from €393,008 to €447,475
- Gross operating margin +€39,815
up €39,815 (+19.3%), from €206,759 to €246,574
- Financial charges +€12,591
up €12,591 (+70.6%), from €17,843 to €30,434
- Depreciation +€10,455
up €10,455 (+50.1%), from €20,861 to €31,316
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 | €1,146,923 | €1,056,484 | -€90,439 | -7.9% |
| Fixed assets | 21/28 | €855,552 | €843,048 | -€12,504 | -1.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €855,017 | €842,513 | -€12,504 | -1.5% |
| Land and buildings | 22 | €844,554 | €820,189 | -€24,365 | -2.9% |
| Plant, machinery and equipment | 23 | €0 | €16,623 | +€16,623 | |
| Furniture and vehicles | 24 | €10,463 | €5,701 | -€4,762 | -45.5% |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €291,371 | €213,436 | -€77,935 | -26.7% |
| Stocks and contracts in progress | 3 | €83,133 | €73,133 | -€10,000 | -12.0% |
| Stocks | 30/36 | €83,133 | €73,133 | -€10,000 | -12.0% |
| Amounts receivable within one year | 40/41 | €9,901 | €67,949 | +€58,048 | +586% |
| Trade receivables | 40 | €9,901 | €67,949 | +€58,048 | +586% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €194,146 | €68,268 | -€125,878 | -64.8% |
| Deferred charges and accrued income | 490/1 | €4,191 | €4,086 | -€105 | -2.5% |
| Total equity and liabilities | 10/49 | €1,146,923 | €1,056,484 | -€90,439 | -7.9% |
| Equity | 10/15 | €155,009 | €153,675 | -€1,335 | -0.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €21,169 | €21,169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,169 | €17,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,012 | €67,473 | -€539 | -0.8% |
| Investment grants | 15 | €25,828 | €25,033 | -€795 | -3.1% |
| Amounts payable | 17/49 | €991,914 | €902,810 | -€89,104 | -9.0% |
| Amounts payable after more than one year | 17 | €832,023 | €702,790 | -€129,233 | -15.5% |
| Financial debts | 170/4 | €832,023 | €702,790 | -€129,233 | -15.5% |
| Amounts payable within one year | 42/48 | €159,891 | €200,020 | +€40,129 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €34,179 | €34,802 | +€623 | +1.8% |
| Trade debts | 44 | €34,234 | €73,429 | +€39,194 | +114% |
| Suppliers | 440/4 | €34,234 | €73,429 | +€39,194 | +114% |
| Taxes, remuneration and social security | 45 | €43,756 | €41,665 | -€2,091 | -4.8% |
| Taxes | 450/3 | €30,196 | €15,630 | -€14,566 | -48.2% |
| Remuneration and social security | 454/9 | €13,560 | €26,035 | +€12,475 | +92.0% |
| Other amounts payable | 47/48 | €47,722 | €50,125 | +€2,403 | +5.0% |
| Turnover | 70 | €595,217 | €679,015 | +€83,798 | +14.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €393,008 | €447,475 | +€54,467 | +13.9% |
| Remuneration, social security and pensions | 62 | €175,270 | €181,544 | +€6,274 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,861 | €31,316 | +€10,455 | +50.1% |
| Other operating charges | 640/8 | €12,673 | €4,616 | -€8,057 | -63.6% |
| Gross operating margin | 9900 | €206,759 | €246,574 | +€39,815 | +19.3% |
| Operating profit (loss) | 9901 | -€2,044 | €29,099 | +€31,143 | |
| Financial income | 75/76B | €677 | €795 | +€119 | +17.5% |
| Recurring financial income | 75 | €677 | €795 | +€119 | +17.5% |
| Financial charges | 65/66B | €17,843 | €30,434 | +€12,591 | +70.6% |
| Recurring financial charges | 65 | €17,843 | €30,434 | +€12,591 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,210 | -€539 | +€18,671 | +97.2% |
| Income taxes | 67/77 | -€271 | - | +€271 | |
| Profit (loss) for the period | 9904 | -€18,939 | -€539 | +€18,400 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,939 | -€539 | +€18,400 | +97.2% |
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 20 October 2026 via checked.be.