LES MURANO: 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.
What changed
LES MURANO
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€676
2024 · -€18,733+€19,409
Equity
€560,401
2024 · €575,005-€14,604
Cash
€13,922
2024 · €3,830+€10,093
Balance sheet total
€1.4m
2024 · €1.4m-€75,325
Largest movements
Assets
- Tangible fixed assets -€81,682
down €81,682 (-5.7%), from €1.4m to €1.3m
of which Land and buildings: -€63,809
Equity and liabilities
- Debts after one year -€36,916
down €36,916 (-5.9%), from €624,911 to €587,995
- Other debts -€25,000
down €25,000 (-13.9%), from €180,000 to €155,000
- Investment grants -€15,380
down €15,380 (-7.2%), from €213,707 to €198,327
Income statement
- Gross operating margin +€11,038
up €11,038 (+11.2%), from €98,183 to €109,221
- Depreciation -€3,316
down €3,316 (-3.6%), from €93,307 to €89,991
- Financial charges -€3,020
down €3,020 (-14.9%), from €20,317 to €17,297
- Taxes -€1,893
no longer reported in 2025 (was €1,893)
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.
Result 2024
-€18,733
Gross operating margin
+€11,038
Depreciation
+€3,316
Other operating charges
-€546
Other operating items
+€619
Financial income
+€70
Financial charges
+€3,020
Taxes
+€1,893
Result 2025
€676
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€69,704
Investment
-€8,309
Financing
-€51,303
Cash 2024
€3,830
From operations (derived)
+€69,704
Net result for the year
+€676
Depreciation
+€89,991
Receivables within one year
+€4,010
Deferred charges and accrued income
-€274
Trade debts
-€137
Tax, wage and social debts
+€305
Advances received
-€669
Other debts
-€25,000
Accrued charges and deferred income
+€801
Investment (derived)
-€8,309
Investment in fixed assets (net)
-€8,309
Financing
-€51,303
Debts after one year
-€36,916
Current portion of long-term debt
+€894
Contributions, distributions and other
-€15,280
Cash 2025
€13,922
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,433,844 | €1,358,519 | -€75,325 | -5.3% |
| Fixed assets | 21/28 | €1,424,973 | €1,343,291 | -€81,682 | -5.7% |
| Tangible fixed assets | 22/27 | €1,424,698 | €1,343,016 | -€81,682 | -5.7% |
| Land and buildings | 22 | €1,336,927 | €1,273,118 | -€63,809 | -4.8% |
| Plant, machinery and equipment | 23 | €25,094 | €13,855 | -€11,239 | -44.8% |
| Furniture and vehicles | 24 | €57,735 | €51,496 | -€6,240 | -10.8% |
| Other tangible fixed assets | 26 | €4,942 | €4,547 | -€394 | -8.0% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €8,871 | €15,228 | +€6,357 | +71.7% |
| Amounts receivable within one year | 40/41 | €4,539 | €529 | -€4,010 | -88.3% |
| Trade receivables | 40 | €4,536 | €520 | -€4,017 | -88.5% |
| Other amounts receivable | 41 | €3 | €10 | +€7 | +221% |
| Cash at bank and in hand | 54/58 | €3,830 | €13,922 | +€10,093 | +264% |
| Deferred charges and accrued income | 490/1 | €502 | €777 | +€274 | +54.6% |
| Total equity and liabilities | 10/49 | €1,433,844 | €1,358,519 | -€75,325 | -5.3% |
| Equity | 10/15 | €575,005 | €560,401 | -€14,604 | -2.5% |
| Contributions | 10/11 | €376,300 | €376,400 | +€100 | 0.0% |
| Profit (loss) carried forward | 14 | -€15,002 | -€14,326 | +€676 | +4.5% |
| Investment grants | 15 | €213,707 | €198,327 | -€15,380 | -7.2% |
| Amounts payable | 17/49 | €858,839 | €798,118 | -€60,721 | -7.1% |
| Amounts payable after more than one year | 17 | €624,911 | €587,995 | -€36,916 | -5.9% |
| Financial debts | 170/4 | €624,911 | €587,995 | -€36,916 | -5.9% |
| Amounts payable within one year | 42/48 | €230,327 | €205,721 | -€24,606 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €36,022 | €36,916 | +€894 | +2.5% |
| Trade debts | 44 | €6,133 | €5,997 | -€137 | -2.2% |
| Suppliers | 440/4 | €6,133 | €5,997 | -€137 | -2.2% |
| Advances received on contracts in progress | 46 | €669 | - | -€669 | |
| Taxes, remuneration and social security | 45 | €7,502 | €7,808 | +€305 | +4.1% |
| Taxes | 450/3 | €7,502 | €7,808 | +€305 | +4.1% |
| Other amounts payable | 47/48 | €180,000 | €155,000 | -€25,000 | -13.9% |
| Accrued charges and deferred income | 492/3 | €3,601 | €4,403 | +€801 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,307 | €89,991 | -€3,316 | -3.6% |
| Other operating charges | 640/8 | €16,172 | €16,718 | +€546 | +3.4% |
| Non-recurring operating charges | 66A | €619 | - | -€619 | |
| Gross operating margin | 9900 | €98,183 | €109,221 | +€11,038 | +11.2% |
| Operating profit (loss) | 9901 | -€11,915 | €2,512 | +€14,426 | |
| Financial income | 75/76B | €15,391 | €15,461 | +€70 | +0.5% |
| Recurring financial income | 75 | €15,391 | €15,461 | +€70 | +0.5% |
| Financial charges | 65/66B | €20,317 | €17,297 | -€3,020 | -14.9% |
| Recurring financial charges | 65 | €20,317 | €17,297 | -€3,020 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€16,840 | €676 | +€17,516 | |
| Income taxes | 67/77 | €1,893 | - | -€1,893 | |
| Profit (loss) for the period | 9904 | -€18,733 | €676 | +€19,409 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,733 | €676 | +€19,409 |
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 14 October 2026 via checked.be.