MURANO: 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.
MURANO
Largest movements
- Receivables within one year -€40,000
down €40,000 (-47.4%), from €84,456 to €44,456
of which Trade receivables: -€40,000
- Debts after one year +€209,343
up €209,343 (+33.7%), from €621,153 to €830,497
of which Other amounts payable: +€231,410
- Trade debts -€161,011
down €161,011 (-57.1%), from €281,995 to €120,984
- Profit (loss) carried forward -€79,796
down €79,796 (-352%), from -€22,660 to -€102,456
- Gross operating margin -€41,177
down €41,177 (-62.8%), from €65,565 to €24,388
- Depreciation +€26,181
up €26,181 (+49.8%), from €52,527 to €78,708
- Financial charges -€10,555
down €10,555 (-34.1%), from €30,993 to €20,439
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 | €1,399,250 | €1,363,421 | -€35,829 | -2.6% |
| Fixed assets | 21/28 | €1,314,431 | €1,316,438 | +€2,007 | +0.2% |
| Tangible fixed assets | 22/27 | €1,314,431 | €1,316,438 | +€2,007 | +0.2% |
| Land and buildings | 22 | €1,314,431 | €1,316,438 | +€2,007 | +0.2% |
| Current assets | 29/58 | €84,819 | €46,983 | -€37,836 | -44.6% |
| Amounts receivable within one year | 40/41 | €84,456 | €44,456 | -€40,000 | -47.4% |
| Trade receivables | 40 | €84,162 | €44,162 | -€40,000 | -47.5% |
| Other amounts receivable | 41 | €294 | €294 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19 | €927 | +€908 | +4,691% |
| Deferred charges and accrued income | 490/1 | €344 | €1,601 | +€1,257 | +366% |
| Total equity and liabilities | 10/49 | €1,399,250 | €1,363,421 | -€35,829 | -2.6% |
| Equity | 10/15 | €13,402 | -€66,394 | -€79,796 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €6,062 | €6,062 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,062 | €3,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,660 | -€102,456 | -€79,796 | -352% |
| Amounts payable | 17/49 | €1,385,848 | €1,429,815 | +€43,967 | +3.2% |
| Amounts payable after more than one year | 17 | €621,153 | €830,497 | +€209,343 | +33.7% |
| Financial debts | 170/4 | €120,118 | €98,051 | -€22,067 | -18.4% |
| Other amounts payable | 178/9 | €501,035 | €732,446 | +€231,410 | +46.2% |
| Amounts payable within one year | 42/48 | €761,675 | €599,318 | -€162,357 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €25,279 | €23,889 | -€1,390 | -5.5% |
| Financial debts | 43 | €451,915 | €450,000 | -€1,915 | -0.4% |
| Credit institutions | 430/8 | €451,915 | €450,000 | -€1,915 | -0.4% |
| Trade debts | 44 | €281,995 | €120,984 | -€161,011 | -57.1% |
| Suppliers | 440/4 | €281,995 | €120,984 | -€161,011 | -57.1% |
| Taxes, remuneration and social security | 45 | €2,486 | €4,446 | +€1,960 | +78.8% |
| Taxes | 450/3 | €2,486 | €4,446 | +€1,960 | +78.8% |
| Accrued charges and deferred income | 492/3 | €3,019 | - | -€3,019 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,527 | €78,708 | +€26,181 | +49.8% |
| Other operating charges | 640/8 | €4,705 | €5,038 | +€333 | +7.1% |
| Gross operating margin | 9900 | €65,565 | €24,388 | -€41,177 | -62.8% |
| Operating profit (loss) | 9901 | €8,334 | -€59,358 | -€67,692 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €30,993 | €20,439 | -€10,555 | -34.1% |
| Recurring financial charges | 65 | €30,993 | €20,439 | -€10,555 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,660 | -€79,796 | -€57,137 | -252% |
| Profit (loss) for the period | 9904 | -€22,660 | -€79,796 | -€57,137 | -252% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,660 | -€79,796 | -€57,137 | -252% |
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 18 October 2026 via checked.be.