MURAILLE - LENOIR: 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.
MURAILLE - LENOIR
Largest movements
- Cash +€87,270
up €87,270 (+55.1%), from €158,438 to €245,708
mainly Net result for the year (+€203,944) and Other debts (+€143,447)
- Receivables within one year +€44,803
up €44,803 (+55.0%), from €81,487 to €126,289
of which Trade receivables: +€43,281
- Tangible fixed assets +€13,933
up €13,933 (+58.7%), from €23,756 to €37,689
of which Furniture and vehicles: +€11,561
- Other debts +€143,447
up €143,447 (+203%), from €70,588 to €214,035
- Reserves -€14,035
down €14,035 (-30.6%), from €45,916 to €31,881
of which Distributable reserves: -€14,035
- Current portion of long-term debt +€10,921
up €10,921 (+27.7%), from €39,437 to €50,358
- Tax, wage and social debts -€10,741
down €10,741 (-100%), from €10,741 to €0
- Debts after one year +€10,518
up €10,518 (+99.6%), from €10,561 to €21,079
- Gross operating margin +€158,269
up €158,269 (+131%), from €120,386 to €278,655
- Taxes +€38,781
up €38,781 (+127%), from €30,480 to €69,261
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 | €263,851 | €410,183 | +€146,333 | +55.5% |
| Fixed assets | 21/28 | €23,756 | €37,689 | +€13,933 | +58.7% |
| Tangible fixed assets | 22/27 | €23,756 | €37,689 | +€13,933 | +58.7% |
| Land and buildings | 22 | - | €2,587 | +€2,587 | |
| Plant, machinery and equipment | 23 | €311 | €97 | -€215 | -68.9% |
| Furniture and vehicles | 24 | €23,445 | €35,005 | +€11,561 | +49.3% |
| Current assets | 29/58 | €240,095 | €372,494 | +€132,400 | +55.1% |
| Amounts receivable within one year | 40/41 | €81,487 | €126,289 | +€44,803 | +55.0% |
| Trade receivables | 40 | €7,319 | €50,600 | +€43,281 | +591% |
| Other amounts receivable | 41 | €74,168 | €75,690 | +€1,522 | +2.1% |
| Cash at bank and in hand | 54/58 | €158,438 | €245,708 | +€87,270 | +55.1% |
| Deferred charges and accrued income | 490/1 | €170 | €497 | +€327 | +193% |
| Total equity and liabilities | 10/49 | €263,851 | €410,183 | +€146,333 | +55.5% |
| Equity | 10/15 | €114,211 | €104,120 | -€10,091 | -8.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €45,916 | €31,881 | -€14,035 | -30.6% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €45,866 | €31,831 | -€14,035 | -30.6% |
| Profit (loss) carried forward | 14 | €67,795 | €71,739 | +€3,944 | +5.8% |
| Amounts payable | 17/49 | €149,640 | €306,063 | +€156,424 | +105% |
| Amounts payable after more than one year | 17 | €10,561 | €21,079 | +€10,518 | +99.6% |
| Financial debts | 170/4 | €10,561 | €21,079 | +€10,518 | +99.6% |
| Amounts payable within one year | 42/48 | €139,079 | €284,984 | +€145,905 | +105% |
| Current portion of amounts payable after more than one year | 42 | €39,437 | €50,358 | +€10,921 | +27.7% |
| Trade debts | 44 | €18,313 | €20,591 | +€2,278 | +12.4% |
| Suppliers | 440/4 | €18,313 | €20,591 | +€2,278 | +12.4% |
| Taxes, remuneration and social security | 45 | €10,741 | €0 | -€10,741 | -100% |
| Taxes | 450/3 | €10,741 | €0 | -€10,741 | -100% |
| Other amounts payable | 47/48 | €70,588 | €214,035 | +€143,447 | +203% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,636 | €400 | -€1,236 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,359 | €8,674 | +€2,315 | +36.4% |
| Other operating charges | 640/8 | €1,119 | €840 | -€279 | -24.9% |
| Gross operating margin | 9900 | €120,386 | €278,655 | +€158,269 | +131% |
| Operating profit (loss) | 9901 | €111,273 | €268,742 | +€157,469 | +142% |
| Financial income | 75/76B | €5,498 | €6,421 | +€923 | +16.8% |
| Recurring financial income | 75 | €5,498 | €6,421 | +€923 | +16.8% |
| Financial charges | 65/66B | €1,171 | €1,957 | +€786 | +67.1% |
| Recurring financial charges | 65 | €1,171 | €1,957 | +€786 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €115,600 | €273,205 | +€157,605 | +136% |
| Income taxes | 67/77 | €30,480 | €69,261 | +€38,781 | +127% |
| Profit (loss) for the period | 9904 | €85,120 | €203,944 | +€118,824 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €85,120 | €203,944 | +€118,824 | +140% |
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 20 October 2026 via checked.be.