Mourue Management: 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.
Mourue Management
Largest movements
- Cash +€48,446
up €48,446 (+28.8%), from €168,087 to €216,533
mainly Net result for the year (+€86,385) and Trade debts (+€3,202)
- Receivables within one year +€37,383
up €37,383 (+591%), from €6,325 to €43,708
of which Trade receivables: +€37,380
- Reserves +€86,385
up €86,385 (+67.4%), from €128,077 to €214,463
- Trade debts +€3,202
up €3,202 (+363%), from €881 to €4,084
- Gross operating margin +€5,704
up €5,704 (+5.3%), from €107,145 to €112,849
- Financial charges +€2,232
up €2,232 (+1,867%), from €120 to €2,351
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 | €177,436 | €263,502 | +€86,066 | +48.5% |
| Fixed assets | 21/28 | €2,402 | €2,690 | +€288 | +12.0% |
| Tangible fixed assets | 22/27 | €2,402 | €2,690 | +€288 | +12.0% |
| Furniture and vehicles | 24 | - | €728 | +€728 | |
| Other tangible fixed assets | 26 | €2,402 | €1,962 | -€440 | -18.3% |
| Current assets | 29/58 | €175,034 | €260,812 | +€85,778 | +49.0% |
| Amounts receivable within one year | 40/41 | €6,325 | €43,708 | +€37,383 | +591% |
| Trade receivables | 40 | €6,325 | €43,705 | +€37,380 | +591% |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €168,087 | €216,533 | +€48,446 | +28.8% |
| Deferred charges and accrued income | 490/1 | €622 | €572 | -€50 | -8.0% |
| Total equity and liabilities | 10/49 | €177,436 | €263,502 | +€86,066 | +48.5% |
| Equity | 10/15 | €129,077 | €215,463 | +€86,385 | +66.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €128,077 | €214,463 | +€86,385 | +67.4% |
| Distributable reserves | 133 | €128,077 | €214,463 | +€86,385 | +67.4% |
| Amounts payable | 17/49 | €48,359 | €48,039 | -€319 | -0.7% |
| Amounts payable within one year | 42/48 | €48,106 | €48,031 | -€75 | -0.2% |
| Trade debts | 44 | €881 | €4,084 | +€3,202 | +363% |
| Suppliers | 440/4 | €881 | €4,084 | +€3,202 | +363% |
| Taxes, remuneration and social security | 45 | €46,366 | €43,947 | -€2,418 | -5.2% |
| Taxes | 450/3 | €46,366 | €43,947 | -€2,418 | -5.2% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €253 | €9 | -€244 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31 | €948 | +€918 | +2,983% |
| Other operating charges | 640/8 | €401 | €621 | +€220 | +54.8% |
| Gross operating margin | 9900 | €107,145 | €112,849 | +€5,704 | +5.3% |
| Operating profit (loss) | 9901 | €106,713 | €111,280 | +€4,566 | +4.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €120 | €2,351 | +€2,232 | +1,867% |
| Recurring financial charges | 65 | €120 | €2,351 | +€2,232 | +1,867% |
| Profit (loss) for the period before taxes | 9903 | €106,594 | €108,929 | +€2,335 | +2.2% |
| Income taxes | 67/77 | €21,975 | €22,544 | +€568 | +2.6% |
| Profit (loss) for the period | 9904 | €84,619 | €86,385 | +€1,766 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,619 | €86,385 | +€1,766 | +2.1% |
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 18 October 2026 via checked.be.