MURAT: 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.
MURAT
Largest movements
- Financial fixed assets -€2,205
no longer reported in 2025 (was €2,205)
- Other debts -€5,029
down €5,029 (-3.5%), from €145,369 to €140,340
- Profit (loss) carried forward +€4,186
up €4,186 (+3.5%), from -€119,346 to -€115,160
- Trade debts -€1,781
down €1,781 (-49.7%), from €3,586 to €1,805
- Tax, wage and social debts +€372
up €372 (+13.4%), from €2,786 to €3,158
- Gross operating margin +€4,021
up €4,021 (+479.7%), from €838 to €4,860
- Financial charges +€124
up €124 (+64.9%), from €192 to €316
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 | €34,873 | €32,621 | -€2,253 | -6.5% |
| Fixed assets | 21/28 | €2,205 | - | -€2,205 | |
| Financial fixed assets | 28 | €2,205 | - | -€2,205 | |
| Current assets | 29/58 | €32,669 | €32,621 | -€48 | -0.1% |
| Stocks and contracts in progress | 3 | €32,231 | €32,021 | -€209 | -0.6% |
| Stocks | 30/36 | €32,231 | €32,021 | -€209 | -0.6% |
| Cash at bank and in hand | 54/58 | €438 | €599 | +€162 | +36.9% |
| Total equity and liabilities | 10/49 | €34,873 | €32,621 | -€2,253 | -6.5% |
| Equity | 10/15 | -€116,867 | -€112,682 | +€4,186 | +3.6% |
| Contributions | 10/11 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,346 | -€115,160 | +€4,186 | +3.5% |
| Amounts payable | 17/49 | €151,741 | €145,302 | -€6,438 | -4.2% |
| Amounts payable within one year | 42/48 | €151,741 | €145,302 | -€6,438 | -4.2% |
| Trade debts | 44 | €3,586 | €1,805 | -€1,781 | -49.7% |
| Suppliers | 440/4 | €3,586 | €1,805 | -€1,781 | -49.7% |
| Taxes, remuneration and social security | 45 | €2,786 | €3,158 | +€372 | +13.4% |
| Taxes | 450/3 | €2,786 | €3,158 | +€372 | +13.4% |
| Other amounts payable | 47/48 | €145,369 | €140,340 | -€5,029 | -3.5% |
| Other operating charges | 640/8 | €324 | €358 | +€34 | +10.3% |
| Gross operating margin | 9900 | €838 | €4,860 | +€4,021 | +479.7% |
| Operating profit (loss) | 9901 | €514 | €4,502 | +€3,988 | +775.7% |
| Financial charges | 65/66B | €192 | €316 | +€124 | +64.9% |
| Recurring financial charges | 65 | €192 | €316 | +€124 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | €322 | €4,186 | +€3,864 | +1199.0% |
| Profit (loss) for the period | 9904 | €322 | €4,186 | +€3,864 | +1199.0% |
| Profit (loss) for the period to be appropriated | 9905 | €322 | €4,186 | +€3,864 | +1199.0% |
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 5 October 2026 via checked.be.