MURAY TICARET: 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.
MURAY TICARET
Largest movements
- Receivables after one year +€64,224
up €64,224 (+46.0%), from €139,757 to €203,981
- Cash -€41,250
down €41,250 (-55.8%), from €73,938 to €32,688
mainly Receivables after one year (-€64,224) and Investment in fixed assets (net) (-€18,967)
- Receivables within one year +€18,164
up €18,164 (+11.7%), from €155,893 to €174,057
of which Trade receivables: +€14,146
- Tangible fixed assets -€9,501
down €9,501 (-14.8%), from €64,086 to €54,584
of which Furniture and vehicles: -€9,780
- Reserves +€39,000
up €39,000 (+28.0%), from €139,480 to €178,480
of which Distributable reserves: +€39,000
- Debts after one year -€13,437
down €13,437 (-73.4%), from €18,306 to €4,870
- Tax, wage and social debts +€12,633
up €12,633 (+16.0%), from €79,133 to €91,766
of which Taxes: +€22,544
- Current portion of long-term debt -€4,989
down €4,989 (-26.3%), from €18,946 to €13,957
- Gross operating margin -€110,360
down €110,360 (-47.5%), from €232,486 to €122,125
- Staff costs -€85,577
down €85,577 (-78.5%), from €109,066 to €23,489
- Taxes -€12,042
down €12,042 (-34.8%), from €34,586 to €22,544
- Other operating charges -€6,764
down €6,764 (-61.1%), from €11,063 to €4,299
- Depreciation +€5,022
up €5,022 (+21.4%), from €23,446 to €28,468
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,673 | €465,310 | +€31,637 | +7.3% |
| Fixed assets | 21/28 | €64,086 | €54,584 | -€9,501 | -14.8% |
| Tangible fixed assets | 22/27 | €64,086 | €54,584 | -€9,501 | -14.8% |
| Plant, machinery and equipment | 23 | €20,076 | €20,354 | +€279 | +1.4% |
| Furniture and vehicles | 24 | €44,010 | €34,230 | -€9,780 | -22.2% |
| Current assets | 29/58 | €369,587 | €410,725 | +€41,138 | +11.1% |
| Amounts receivable after more than one year | 29 | €139,757 | €203,981 | +€64,224 | +46.0% |
| Other amounts receivable | 291 | €139,757 | €203,981 | +€64,224 | +46.0% |
| Amounts receivable within one year | 40/41 | €155,893 | €174,057 | +€18,164 | +11.7% |
| Trade receivables | 40 | €117,777 | €131,924 | +€14,146 | +12.0% |
| Other amounts receivable | 41 | €38,115 | €42,133 | +€4,018 | +10.5% |
| Cash at bank and in hand | 54/58 | €73,938 | €32,688 | -€41,250 | -55.8% |
| Total equity and liabilities | 10/49 | €433,673 | €465,310 | +€31,637 | +7.3% |
| Equity | 10/15 | €189,613 | €228,819 | +€39,206 | +20.7% |
| Contributions | 10/11 | €6,253 | €6,253 | = | 0.0% |
| Reserves | 13 | €139,480 | €178,480 | +€39,000 | +28.0% |
| Non-distributable reserves | 130/1 | €793 | €793 | = | 0.0% |
| Reserves not available under the articles | 1311 | €793 | €793 | = | 0.0% |
| Distributable reserves | 133 | €138,687 | €177,687 | +€39,000 | +28.1% |
| Profit (loss) carried forward | 14 | €43,880 | €44,085 | +€206 | +0.5% |
| Amounts payable | 17/49 | €244,060 | €236,491 | -€7,569 | -3.1% |
| Amounts payable after more than one year | 17 | €18,306 | €4,870 | -€13,437 | -73.4% |
| Financial debts | 170/4 | €18,306 | €4,870 | -€13,437 | -73.4% |
| Amounts payable within one year | 42/48 | €225,754 | €231,621 | +€5,868 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €18,946 | €13,957 | -€4,989 | -26.3% |
| Trade debts | 44 | €127,674 | €125,898 | -€1,776 | -1.4% |
| Suppliers | 440/4 | €127,674 | €125,898 | -€1,776 | -1.4% |
| Taxes, remuneration and social security | 45 | €79,133 | €91,766 | +€12,633 | +16.0% |
| Taxes | 450/3 | €67,890 | €90,434 | +€22,544 | +33.2% |
| Remuneration and social security | 454/9 | €11,243 | €1,332 | -€9,911 | -88.2% |
| Remuneration, social security and pensions | 62 | €109,066 | €23,489 | -€85,577 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,446 | €28,468 | +€5,022 | +21.4% |
| Other operating charges | 640/8 | €11,063 | €4,299 | -€6,764 | -61.1% |
| Gross operating margin | 9900 | €232,486 | €122,125 | -€110,360 | -47.5% |
| Operating profit (loss) | 9901 | €88,910 | €65,869 | -€23,041 | -25.9% |
| Financial income | 75/76B | €3,222 | €4,498 | +€1,276 | +39.6% |
| Recurring financial income | 75 | €3,222 | €4,498 | +€1,276 | +39.6% |
| Financial charges | 65/66B | €6,030 | €3,618 | -€2,413 | -40.0% |
| Recurring financial charges | 65 | €6,030 | €3,618 | -€2,413 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €86,102 | €66,750 | -€19,352 | -22.5% |
| Income taxes | 67/77 | €34,586 | €22,544 | -€12,042 | -34.8% |
| Profit (loss) for the period | 9904 | €51,516 | €44,206 | -€7,310 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,516 | €44,206 | -€7,310 | -14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.