MUR REFECTION: what changed
What changed
MUR REFECTION
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
€21,649
2024 · €87,351-€65,702
Equity
€825,334
2024 · €803,685+€21,649
Cash
€11,059
2024 · €9,958+€1,101
Balance sheet total
€890,726
2024 · €873,706+€17,020
Largest movements
Assets
- Deferred charges and accrued income +€37,319
up €37,319 (+50.2%), from €74,402 to €111,721
- Receivables within one year -€20,205
down €20,205 (-6.0%), from €334,919 to €314,714
of which Trade receivables: -€46,247
Equity and liabilities
- Reserves +€21,649
up €21,649 (+16.3%), from €132,900 to €154,549
- Trade debts -€11,036
down €11,036 (-23.3%), from €47,435 to €36,399
Income statement
- Gross operating margin -€82,553
down €82,553 (-92.7%), from €89,095 to €6,543
- Taxes -€16,129
down €16,129 (-57.1%), from €28,265 to €12,136
- Financial charges -€1,680
down €1,680 (-95.0%), from €1,769 to €89
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€87,351
Gross operating margin
-€82,553
Depreciation
-€719
Other operating charges
+€58
Financial income
-€297
Financial charges
+€1,680
Taxes
+€16,129
Result 2025
€21,649
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2,126
Investment
€0
Financing
+€3,227
Cash 2024
€9,958
From operations (derived)
-€2,126
Net result for the year
+€21,649
Depreciation
+€1,195
Receivables within one year
+€20,205
Deferred charges and accrued income
-€37,319
Trade debts
-€11,036
Tax, wage and social debts
+€3,181
Financing
+€3,227
Current portion of long-term debt
+€3,227
Cash 2025
€11,059
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,706 | €890,726 | +€17,020 | +1.9% |
| Fixed assets | 21/28 | €4,418 | €3,223 | -€1,195 | -27.0% |
| Tangible fixed assets | 22/27 | €3,910 | €2,715 | -€1,195 | -30.6% |
| Furniture and vehicles | 24 | €3,910 | €2,715 | -€1,195 | -30.6% |
| Financial fixed assets | 28 | €508 | €508 | = | 0.0% |
| Current assets | 29/58 | €869,288 | €887,503 | +€18,215 | +2.1% |
| Amounts receivable after more than one year | 29 | €450,000 | €450,000 | = | 0.0% |
| Other amounts receivable | 291 | €450,000 | €450,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €334,919 | €314,714 | -€20,205 | -6.0% |
| Trade receivables | 40 | €150,210 | €103,963 | -€46,247 | -30.8% |
| Other amounts receivable | 41 | €184,709 | €210,751 | +€26,042 | +14.1% |
| Current investments | 50/53 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,958 | €11,059 | +€1,101 | +11.1% |
| Deferred charges and accrued income | 490/1 | €74,402 | €111,721 | +€37,319 | +50.2% |
| Total equity and liabilities | 10/49 | €873,706 | €890,726 | +€17,020 | +1.9% |
| Equity | 10/15 | €803,685 | €825,334 | +€21,649 | +2.7% |
| Contributions | 10/11 | €14,564 | €14,564 | = | 0.0% |
| Reserves | 13 | €132,900 | €154,549 | +€21,649 | +16.3% |
| Distributable reserves | 133 | €132,900 | €154,549 | +€21,649 | +16.3% |
| Profit (loss) carried forward | 14 | €656,221 | €656,221 | = | 0.0% |
| Amounts payable | 17/49 | €70,021 | €65,392 | -€4,629 | -6.6% |
| Amounts payable within one year | 42/48 | €70,021 | €65,392 | -€4,629 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,227 | +€3,227 | |
| Trade debts | 44 | €47,435 | €36,399 | -€11,036 | -23.3% |
| Suppliers | 440/4 | €47,435 | €36,399 | -€11,036 | -23.3% |
| Taxes, remuneration and social security | 45 | €22,586 | €25,767 | +€3,181 | +14.1% |
| Taxes | 450/3 | €22,586 | €25,767 | +€3,181 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €1,195 | +€719 | +151% |
| Other operating charges | 640/8 | €458 | €400 | -€58 | -12.7% |
| Gross operating margin | 9900 | €89,095 | €6,543 | -€82,553 | -92.7% |
| Operating profit (loss) | 9901 | €88,161 | €4,948 | -€83,213 | -94.4% |
| Financial income | 75/76B | €29,223 | €28,926 | -€297 | -1.0% |
| Recurring financial income | 75 | €29,223 | €28,926 | -€297 | -1.0% |
| Financial charges | 65/66B | €1,769 | €89 | -€1,680 | -95.0% |
| Recurring financial charges | 65 | €1,769 | €89 | -€1,680 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | €115,616 | €33,785 | -€81,831 | -70.8% |
| Income taxes | 67/77 | €28,265 | €12,136 | -€16,129 | -57.1% |
| Profit (loss) for the period | 9904 | €87,351 | €21,649 | -€65,702 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,351 | €21,649 | -€65,702 | -75.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.