MURAVERA: 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.
MURAVERA
Largest movements
- Tangible fixed assets -€10,276
down €10,276 (-4.5%), from €229,426 to €219,149
of which Land and buildings: -€6,808
- Cash +€5,890
up €5,890 (+8.7%), from €67,564 to €73,454
mainly Other debts (+€160,364) and Net result for the year (+€85,665)
- Other debts +€160,364
up €160,364 (+1,786%), from €8,977 to €169,341
- Reserves -€151,842
no longer reported in 2025 (was €151,842)
- Debts after one year -€10,626
down €10,626 (-11.7%), from €91,035 to €80,409
- Gross operating margin +€32,536
up €32,536 (+25.9%), from €125,833 to €158,368
- Taxes +€7,471
up €7,471 (+44.1%), from €16,949 to €24,420
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 | €318,521 | €317,138 | -€1,382 | -0.4% |
| Fixed assets | 21/28 | €229,426 | €219,149 | -€10,276 | -4.5% |
| Tangible fixed assets | 22/27 | €229,426 | €219,149 | -€10,276 | -4.5% |
| Land and buildings | 22 | €194,984 | €188,176 | -€6,808 | -3.5% |
| Plant, machinery and equipment | 23 | €34,441 | €30,973 | -€3,468 | -10.1% |
| Current assets | 29/58 | €89,095 | €97,989 | +€8,894 | +10.0% |
| Amounts receivable within one year | 40/41 | €21,027 | €23,929 | +€2,902 | +13.8% |
| Trade receivables | 40 | €21,027 | €23,929 | +€2,902 | +13.8% |
| Cash at bank and in hand | 54/58 | €67,564 | €73,454 | +€5,890 | +8.7% |
| Deferred charges and accrued income | 490/1 | €504 | €606 | +€102 | +20.2% |
| Total equity and liabilities | 10/49 | €318,521 | €317,138 | -€1,382 | -0.4% |
| Equity | 10/15 | €170,442 | €18,600 | -€151,842 | -89.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €151,842 | - | -€151,842 | |
| Distributable reserves | 133 | €151,842 | - | -€151,842 | |
| Amounts payable | 17/49 | €148,079 | €298,538 | +€150,459 | +102% |
| Amounts payable after more than one year | 17 | €91,035 | €80,409 | -€10,626 | -11.7% |
| Financial debts | 170/4 | €91,035 | €80,409 | -€10,626 | -11.7% |
| Amounts payable within one year | 42/48 | €57,044 | €218,129 | +€161,085 | +282% |
| Current portion of amounts payable after more than one year | 42 | €10,455 | €10,626 | +€171 | +1.6% |
| Trade debts | 44 | €10,728 | €12,484 | +€1,756 | +16.4% |
| Suppliers | 440/4 | €10,728 | €12,484 | +€1,756 | +16.4% |
| Taxes, remuneration and social security | 45 | €26,884 | €25,679 | -€1,205 | -4.5% |
| Taxes | 450/3 | €20,157 | €21,058 | +€901 | +4.5% |
| Remuneration and social security | 454/9 | €6,726 | €4,620 | -€2,106 | -31.3% |
| Other amounts payable | 47/48 | €8,977 | €169,341 | +€160,364 | +1,786% |
| Remuneration, social security and pensions | 62 | €31,969 | €32,807 | +€838 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,276 | €10,276 | = | 0.0% |
| Other operating charges | 640/8 | €1,622 | €3,028 | +€1,406 | +86.6% |
| Gross operating margin | 9900 | €125,833 | €158,368 | +€32,536 | +25.9% |
| Operating profit (loss) | 9901 | €81,966 | €112,258 | +€30,292 | +37.0% |
| Financial income | 75/76B | €4 | €19 | +€15 | +391% |
| Recurring financial income | 75 | €4 | €19 | +€15 | +391% |
| Financial charges | 65/66B | €3,549 | €2,192 | -€1,357 | -38.2% |
| Recurring financial charges | 65 | €3,549 | €2,192 | -€1,357 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €78,421 | €110,085 | +€31,664 | +40.4% |
| Income taxes | 67/77 | €16,949 | €24,420 | +€7,471 | +44.1% |
| Profit (loss) for the period | 9904 | €61,471 | €85,665 | +€24,193 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,471 | €85,665 | +€24,193 | +39.4% |
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 21 October 2026 via checked.be.