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MURAT CAN: 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.

What changed

MURAT CAN

BE 0543.580.971
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€49,429
2024 · €56,152-€6,723
Equity
€162,297
2024 · €112,867+€49,429
Cash
€3,872
2024 · €23,822-€19,950
Balance sheet total
€247,289
2024 · €251,422-€4,134

Largest movements

2024 to 2025
Assets
  • Cash -€19,950

    down €19,950 (-83.7%), from €23,822 to €3,872

    mainly Other debts (-€55,001) and Receivables within one year (-€15,816)

  • Receivables within one year +€15,816

    new in 2025: €15,816

    of which Trade receivables: +€15,812

Equity and liabilities
  • Other debts -€55,001

    down €55,001 (-40.3%), from €136,602 to €81,601

  • Profit (loss) carried forward +€49,429

    up €49,429 (+52.8%), from €93,689 to €143,118

Income statement
  • Financial income -€8,000

    down €8,000 (-16.0%), from €50,000 to €42,000

  • Gross operating margin +€2,641

    up €2,641 (+30.4%), from €8,679 to €11,320

  • Taxes +€1,438

    up €1,438 (+113.6%), from €1,266 to €2,704

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €56,152
Gross operating margin +€2,641
Other operating charges -€12
Financial income -€8,000
Financial charges +€87
Taxes -€1,438
Result 2025 €49,429

Cash bridge derived

cash 2024 to 2025

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.

From operations -€19,950
Investment €0
Financing €0
Cash 2024 €23,822
Net result for the year +€49,429
Receivables within one year -€15,816
Trade debts +€2
Tax, wage and social debts +€1,436
Other debts -€55,001
Cash 2025 €3,872
Every line side by side 32 lines
Line Code 2024 2025 Change %
Total assets 20/58 €251,422 €247,289 -€4,134 -1.6%
Fixed assets 21/28 €227,600 €227,600 = 0.0%
Financial fixed assets 28 €227,600 €227,600 = 0.0%
Current assets 29/58 €23,822 €19,689 -€4,134 -17.4%
Amounts receivable within one year 40/41 - €15,816 +€15,816
Trade receivables 40 - €15,812 +€15,812
Other amounts receivable 41 - €4 +€4
Cash at bank and in hand 54/58 €23,822 €3,872 -€19,950 -83.7%
Total equity and liabilities 10/49 €251,422 €247,289 -€4,134 -1.6%
Equity 10/15 €112,867 €162,297 +€49,429 +43.8%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €578 €578 = 0.0%
Distributable reserves 133 €578 €578 = 0.0%
Profit (loss) carried forward 14 €93,689 €143,118 +€49,429 +52.8%
Amounts payable 17/49 €138,555 €84,992 -€53,563 -38.7%
Amounts payable within one year 42/48 €138,555 €84,992 -€53,563 -38.7%
Trade debts 44 €88 €89 +€2 +1.9%
Suppliers 440/4 €88 €89 +€2 +1.9%
Taxes, remuneration and social security 45 €1,865 €3,301 +€1,436 +77.0%
Taxes 450/3 €1,865 €3,301 +€1,436 +77.0%
Other amounts payable 47/48 €136,602 €81,601 -€55,001 -40.3%
Other operating charges 640/8 €387 €400 +€12 +3.2%
Gross operating margin 9900 €8,679 €11,320 +€2,641 +30.4%
Operating profit (loss) 9901 €8,292 €10,920 +€2,628 +31.7%
Financial income 75/76B €50,000 €42,000 -€8,000 -16.0%
Recurring financial income 75 €50,000 €42,000 -€8,000 -16.0%
Financial charges 65/66B €874 €786 -€87 -10.0%
Recurring financial charges 65 €874 €786 -€87 -10.0%
Profit (loss) for the period before taxes 9903 €57,418 €52,134 -€5,284 -9.2%
Income taxes 67/77 €1,266 €2,704 +€1,438 +113.6%
Profit (loss) for the period 9904 €56,152 €49,429 -€6,723 -12.0%
Profit (loss) for the period to be appropriated 9905 €56,152 €49,429 -€6,723 -12.0%

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 4 October 2026 via checked.be.