MUR MED: what changed
Two fiscal 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.
MUR MED
Largest movements
- Intangible fixed assets +€272,000
new in 2025: €272,000
- Cash +€91,790
up €91,790 (+2294.8%), from €4,000 to €95,790
mainly Debts after one year (+€285,262) and Depreciation (+€68,000)
- Receivables within one year +€21,690
new in 2025: €21,690
- Deferred charges and accrued income +€7,608
new in 2025: €7,608
- Debts after one year +€285,262
new in 2025: €285,262
- Profit (loss) carried forward +€64,932
up €64,932, from -€2,071 to €62,861
- Current portion of long-term debt +€30,241
new in 2025: €30,241
- Tax, wage and social debts +€16,000
new in 2025: €16,000
- Gross operating margin +€159,973
up €159,973, from -€2,071 to €157,902
- Depreciation +€68,000
new in 2025: €68,000
- Taxes +€16,000
new in 2025: €16,000
- Financial charges +€8,714
new in 2025: €8,714
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.
Cash bridge derived
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 | €4,000 | €398,364 | +€394,364 | +9859.1% |
| Fixed assets | 21/28 | - | €273,276 | +€273,276 | |
| Intangible fixed assets | 21 | - | €272,000 | +€272,000 | |
| Tangible fixed assets | 22/27 | - | €1,276 | +€1,276 | |
| Furniture and vehicles | 24 | - | €1,276 | +€1,276 | |
| Current assets | 29/58 | €4,000 | €125,088 | +€121,088 | +3027.2% |
| Amounts receivable within one year | 40/41 | - | €21,690 | +€21,690 | |
| Other amounts receivable | 41 | - | €21,690 | +€21,690 | |
| Cash at bank and in hand | 54/58 | €4,000 | €95,790 | +€91,790 | +2294.8% |
| Deferred charges and accrued income | 490/1 | - | €7,608 | +€7,608 | |
| Total equity and liabilities | 10/49 | €4,000 | €398,364 | +€394,364 | +9859.1% |
| Equity | 10/15 | €1,929 | €66,861 | +€64,932 | +3365.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,071 | €62,861 | +€64,932 | |
| Amounts payable | 17/49 | €2,071 | €331,503 | +€329,432 | +15908.4% |
| Amounts payable after more than one year | 17 | - | €285,262 | +€285,262 | |
| Financial debts | 170/4 | - | €285,262 | +€285,262 | |
| Amounts payable within one year | 42/48 | €2,071 | €46,241 | +€44,170 | +2133.0% |
| Current portion of amounts payable after more than one year | 42 | - | €30,241 | +€30,241 | |
| Financial debts | 43 | €2,071 | - | -€2,071 | |
| Credit institutions | 430/8 | €2,071 | - | -€2,071 | |
| Taxes, remuneration and social security | 45 | - | €16,000 | +€16,000 | |
| Taxes | 450/3 | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €68,000 | +€68,000 | |
| Other operating charges | 640/8 | - | €257 | +€257 | |
| Gross operating margin | 9900 | -€2,071 | €157,902 | +€159,973 | |
| Operating profit (loss) | 9901 | -€2,071 | €89,646 | +€91,716 | |
| Financial charges | 65/66B | - | €8,714 | +€8,714 | |
| Recurring financial charges | 65 | - | €8,714 | +€8,714 | |
| Profit (loss) for the period before taxes | 9903 | -€2,071 | €80,932 | +€83,003 | |
| Income taxes | 67/77 | - | €16,000 | +€16,000 | |
| Profit (loss) for the period | 9904 | -€2,071 | €64,932 | +€67,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,071 | €64,932 | +€67,003 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.