MUR-MUR: 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.
What changed
MUR-MUR
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,018
2024 · €34,579+€3,439
Equity
€6,337
2024 · -€31,681+€38,018
Cash
€59,798
2024 · €49,529+€10,269
Balance sheet total
€1.1m
2024 · €1.2m-€117,358
Largest movements
Assets
- Tangible fixed assets -€67,712
down €67,712 (-9.2%), from €733,414 to €665,702
- Stocks and contracts -€42,701
down €42,701 (-13.3%), from €320,790 to €278,089
- Receivables within one year -€18,886
down €18,886 (-15.6%), from €120,934 to €102,048
of which Trade receivables: -€35,579
Equity and liabilities
- Trade debts -€87,048
down €87,048 (-65.9%), from €132,071 to €45,022
- Debts after one year -€81,767
down €81,767 (-11.3%), from €725,573 to €643,806
- Profit (loss) carried forward +€38,018
up €38,018 (+72.9%), from -€52,141 to -€14,123
- Short-term financial debts +€35,936
new in 2025: €35,936
- Other debts -€33,569
down €33,569 (-12.3%), from €272,741 to €239,172
Income statement
- Taxes +€3,747
up €3,747, from -€1,780 to €1,967
- Staff costs -€3,064
down €3,064 (-19.0%), from €16,139 to €13,075
- Other operating charges -€2,710
down €2,710 (-55.3%), from €4,904 to €2,194
- Gross operating margin +€2,243
up €2,243 (+1.4%), from €156,096 to €158,339
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
€34,579
Gross operating margin
+€2,243
Staff costs
+€3,064
Depreciation
+€39
Other operating charges
+€2,710
Financial income
-€124
Financial charges
-€746
Taxes
-€3,747
Result 2025
€38,018
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.
From operations
+€53,422
Investment
€0
Financing
-€43,153
Cash 2024
€49,529
From operations (derived)
+€53,422
Net result for the year
+€38,018
Depreciation
+€67,712
Stocks and contracts
+€42,701
Receivables within one year
+€18,886
Deferred charges and accrued income
-€1,672
Trade debts
-€87,048
Tax, wage and social debts
+€7,436
Advances received
+€1,105
Other debts
-€33,569
Accrued charges and deferred income
-€147
Financing
-€43,153
Debts after one year
-€81,767
Current portion of long-term debt
+€2,677
Short-term financial debts
+€35,936
Cash 2025
€59,798
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,226,435 | €1,109,077 | -€117,358 | -9.6% |
| Fixed assets | 21/28 | €733,414 | €665,702 | -€67,712 | -9.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €733,414 | €665,702 | -€67,712 | -9.2% |
| Land and buildings | 22 | €676,827 | €643,185 | -€33,643 | -5.0% |
| Plant, machinery and equipment | 23 | €24,010 | €1,626 | -€22,384 | -93.2% |
| Furniture and vehicles | 24 | €3,883 | €1,211 | -€2,671 | -68.8% |
| Leasing and similar rights | 25 | €27,264 | €18,822 | -€8,442 | -31.0% |
| Other tangible fixed assets | 26 | €1,431 | €858 | -€573 | -40.0% |
| Current assets | 29/58 | €493,021 | €443,374 | -€49,647 | -10.1% |
| Stocks and contracts in progress | 3 | €320,790 | €278,089 | -€42,701 | -13.3% |
| Stocks | 30/36 | €320,790 | €278,089 | -€42,701 | -13.3% |
| Amounts receivable within one year | 40/41 | €120,934 | €102,048 | -€18,886 | -15.6% |
| Trade receivables | 40 | €102,620 | €67,042 | -€35,579 | -34.7% |
| Other amounts receivable | 41 | €18,314 | €35,006 | +€16,692 | +91.1% |
| Cash at bank and in hand | 54/58 | €49,529 | €59,798 | +€10,269 | +20.7% |
| Deferred charges and accrued income | 490/1 | €1,767 | €3,439 | +€1,672 | +94.6% |
| Total equity and liabilities | 10/49 | €1,226,435 | €1,109,077 | -€117,358 | -9.6% |
| Equity | 10/15 | -€31,681 | €6,337 | +€38,018 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,141 | -€14,123 | +€38,018 | +72.9% |
| Amounts payable | 17/49 | €1,258,116 | €1,102,740 | -€155,376 | -12.3% |
| Amounts payable after more than one year | 17 | €725,573 | €643,806 | -€81,767 | -11.3% |
| Financial debts | 170/4 | €725,573 | €643,806 | -€81,767 | -11.3% |
| Amounts payable within one year | 42/48 | €526,069 | €452,606 | -€73,463 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €88,807 | €91,485 | +€2,677 | +3.0% |
| Financial debts | 43 | - | €35,936 | +€35,936 | |
| Credit institutions | 430/8 | - | €35,936 | +€35,936 | |
| Trade debts | 44 | €132,071 | €45,022 | -€87,048 | -65.9% |
| Suppliers | 440/4 | €132,071 | €45,022 | -€87,048 | -65.9% |
| Advances received on contracts in progress | 46 | €1,523 | €2,628 | +€1,105 | +72.6% |
| Taxes, remuneration and social security | 45 | €30,927 | €38,363 | +€7,436 | +24.0% |
| Taxes | 450/3 | €28,554 | €37,846 | +€9,293 | +32.5% |
| Remuneration and social security | 454/9 | €2,373 | €516 | -€1,857 | -78.2% |
| Other amounts payable | 47/48 | €272,741 | €239,172 | -€33,569 | -12.3% |
| Accrued charges and deferred income | 492/3 | €6,475 | €6,328 | -€147 | -2.3% |
| Remuneration, social security and pensions | 62 | €16,139 | €13,075 | -€3,064 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,750 | €67,712 | -€39 | -0.1% |
| Other operating charges | 640/8 | €4,904 | €2,194 | -€2,710 | -55.3% |
| Gross operating margin | 9900 | €156,096 | €158,339 | +€2,243 | +1.4% |
| Operating profit (loss) | 9901 | €67,303 | €75,358 | +€8,056 | +12.0% |
| Financial income | 75/76B | €124 | - | -€124 | |
| Recurring financial income | 75 | €124 | - | -€124 | |
| Financial charges | 65/66B | €34,628 | €35,373 | +€746 | +2.2% |
| Recurring financial charges | 65 | €34,628 | €35,373 | +€746 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €32,799 | €39,985 | +€7,186 | +21.9% |
| Income taxes | 67/77 | -€1,780 | €1,967 | +€3,747 | |
| Profit (loss) for the period | 9904 | €34,579 | €38,018 | +€3,439 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,579 | €38,018 | +€3,439 | +9.9% |
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 6 October 2026 via checked.be.