Murakhovskyi: 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.
Murakhovskyi
Largest movements
- Tangible fixed assets -€12,664
down €12,664 (-25.7%), from €49,211 to €36,547
of which Furniture and vehicles: -€14,238
- Cash -€10,958
down €10,958 (-99.6%), from €11,002 to €44
mainly Net result for the year (-€19,468) and Debts after one year (-€8,563)
- Receivables within one year -€1,511
down €1,511 (-5.3%), from €28,575 to €27,064
of which Other amounts receivable: -€8,379
- Reserves -€19,468
down €19,468 (-37.3%), from €52,258 to €32,790
- Debts after one year -€8,563
down €8,563 (-65.7%), from €13,029 to €4,466
- Tax, wage and social debts +€5,723
up €5,723 (+74.4%), from €7,695 to €13,418
of which Remuneration and social security: +€4,571
- Trade debts -€3,567
down €3,567 (-75.7%), from €4,713 to €1,146
- Staff costs +€33,889
up €33,889 (+225%), from €15,050 to €48,939
- Taxes -€5,846
down €5,846 (-97.4%), from €6,000 to €154
- Gross operating margin -€5,766
down €5,766 (-10.9%), from €52,949 to €47,183
- Depreciation +€4,201
up €4,201 (+34.7%), from €12,103 to €16,304
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 | €88,788 | €63,655 | -€25,133 | -28.3% |
| Fixed assets | 21/28 | €49,211 | €36,547 | -€12,664 | -25.7% |
| Tangible fixed assets | 22/27 | €49,211 | €36,547 | -€12,664 | -25.7% |
| Plant, machinery and equipment | 23 | €2,102 | €3,676 | +€1,574 | +74.9% |
| Furniture and vehicles | 24 | €47,109 | €32,871 | -€14,238 | -30.2% |
| Current assets | 29/58 | €39,577 | €27,108 | -€12,469 | -31.5% |
| Amounts receivable within one year | 40/41 | €28,575 | €27,064 | -€1,511 | -5.3% |
| Trade receivables | 40 | €17,562 | €24,430 | +€6,868 | +39.1% |
| Other amounts receivable | 41 | €11,013 | €2,634 | -€8,379 | -76.1% |
| Cash at bank and in hand | 54/58 | €11,002 | €44 | -€10,958 | -99.6% |
| Total equity and liabilities | 10/49 | €88,788 | €63,655 | -€25,133 | -28.3% |
| Equity | 10/15 | €55,258 | €35,790 | -€19,468 | -35.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,258 | €32,790 | -€19,468 | -37.3% |
| Distributable reserves | 133 | €52,258 | €32,790 | -€19,468 | -37.3% |
| Amounts payable | 17/49 | €33,530 | €27,865 | -€5,665 | -16.9% |
| Amounts payable after more than one year | 17 | €13,029 | €4,466 | -€8,563 | -65.7% |
| Financial debts | 170/4 | €13,029 | €4,466 | -€8,563 | -65.7% |
| Amounts payable within one year | 42/48 | €20,501 | €23,399 | +€2,898 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €8,093 | €8,563 | +€470 | +5.8% |
| Financial debts | 43 | - | €272 | +€272 | |
| Credit institutions | 430/8 | - | €272 | +€272 | |
| Trade debts | 44 | €4,713 | €1,146 | -€3,567 | -75.7% |
| Suppliers | 440/4 | €4,713 | €1,146 | -€3,567 | -75.7% |
| Taxes, remuneration and social security | 45 | €7,695 | €13,418 | +€5,723 | +74.4% |
| Taxes | 450/3 | €6,000 | €7,152 | +€1,152 | +19.2% |
| Remuneration and social security | 454/9 | €1,695 | €6,266 | +€4,571 | +270% |
| Remuneration, social security and pensions | 62 | €15,050 | €48,939 | +€33,889 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,103 | €16,304 | +€4,201 | +34.7% |
| Other operating charges | 640/8 | €449 | €62 | -€387 | -86.2% |
| Gross operating margin | 9900 | €52,949 | €47,183 | -€5,766 | -10.9% |
| Operating profit (loss) | 9901 | €25,347 | -€18,122 | -€43,469 | |
| Financial charges | 65/66B | €1,299 | €1,192 | -€107 | -8.2% |
| Recurring financial charges | 65 | €918 | €1,192 | +€274 | +29.8% |
| Non-recurring financial charges | 66B | €381 | - | -€381 | |
| Profit (loss) for the period before taxes | 9903 | €24,048 | -€19,314 | -€43,362 | |
| Income taxes | 67/77 | €6,000 | €154 | -€5,846 | -97.4% |
| Profit (loss) for the period | 9904 | €18,048 | -€19,468 | -€37,516 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,048 | -€19,468 | -€37,516 |
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 16 October 2026 via checked.be.