Muradent: 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.
Muradent
Largest movements
- Receivables after one year +€175,000
new in 2025: €175,000
- Cash -€33,134
down €33,134 (-49.2%), from €67,375 to €34,241
mainly Receivables after one year (-€175,000) and Debts after one year (-€10,839)
- Tangible fixed assets -€13,509
down €13,509 (-23.7%), from €56,960 to €43,451
- Receivables within one year -€6,431
down €6,431 (-27.5%), from €23,417 to €16,986
of which Other amounts receivable: -€10,751
- Profit (loss) carried forward +€101,617
up €101,617 (+131.9%), from €77,057 to €178,674
- Tax, wage and social debts +€28,018
up €28,018 (+142.6%), from €19,641 to €47,659
- Debts after one year -€10,839
down €10,839 (-28.6%), from €37,860 to €27,021
- Gross operating margin +€38,207
up €38,207 (+35.7%), from €107,107 to €145,315
- Taxes +€8,376
up €8,376 (+42.6%), from €19,641 to €28,018
- Depreciation +€4,533
up €4,533 (+50.5%), from €8,976 to €13,509
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 | €147,752 | €269,679 | +€121,926 | +82.5% |
| Fixed assets | 21/28 | €56,960 | €43,451 | -€13,509 | -23.7% |
| Tangible fixed assets | 22/27 | €56,960 | €43,451 | -€13,509 | -23.7% |
| Furniture and vehicles | 24 | €56,960 | €43,451 | -€13,509 | -23.7% |
| Current assets | 29/58 | €90,792 | €226,227 | +€135,435 | +149.2% |
| Amounts receivable after more than one year | 29 | - | €175,000 | +€175,000 | |
| Other amounts receivable | 291 | - | €175,000 | +€175,000 | |
| Amounts receivable within one year | 40/41 | €23,417 | €16,986 | -€6,431 | -27.5% |
| Trade receivables | 40 | €12,666 | €16,986 | +€4,320 | +34.1% |
| Other amounts receivable | 41 | €10,751 | - | -€10,751 | |
| Cash at bank and in hand | 54/58 | €67,375 | €34,241 | -€33,134 | -49.2% |
| Total equity and liabilities | 10/49 | €147,752 | €269,679 | +€121,926 | +82.5% |
| Equity | 10/15 | €79,557 | €181,174 | +€101,617 | +127.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,057 | €178,674 | +€101,617 | +131.9% |
| Amounts payable | 17/49 | €68,195 | €88,504 | +€20,310 | +29.8% |
| Amounts payable after more than one year | 17 | €37,860 | €27,021 | -€10,839 | -28.6% |
| Financial debts | 170/4 | €37,860 | €27,021 | -€10,839 | -28.6% |
| Amounts payable within one year | 42/48 | €30,334 | €61,483 | +€31,149 | +102.7% |
| Current portion of amounts payable after more than one year | 42 | €10,419 | €10,839 | +€420 | +4.0% |
| Trade debts | 44 | €274 | €978 | +€704 | +256.9% |
| Suppliers | 440/4 | €274 | €978 | +€704 | +256.9% |
| Taxes, remuneration and social security | 45 | €19,641 | €47,659 | +€28,018 | +142.6% |
| Taxes | 450/3 | €19,641 | €47,659 | +€28,018 | +142.6% |
| Other amounts payable | 47/48 | - | €2,007 | +€2,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,976 | €13,509 | +€4,533 | +50.5% |
| Other operating charges | 640/8 | €50 | €240 | +€190 | +380.0% |
| Gross operating margin | 9900 | €107,107 | €145,315 | +€38,207 | +35.7% |
| Operating profit (loss) | 9901 | €98,081 | €131,566 | +€33,485 | +34.1% |
| Financial charges | 65/66B | €1,383 | €1,932 | +€549 | +39.7% |
| Recurring financial charges | 65 | €1,383 | €1,932 | +€549 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €96,699 | €129,634 | +€32,936 | +34.1% |
| Income taxes | 67/77 | €19,641 | €28,018 | +€8,376 | +42.6% |
| Profit (loss) for the period | 9904 | €77,057 | €101,617 | +€24,559 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,057 | €101,617 | +€24,559 | +31.9% |
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 2 October 2026 via checked.be.