Murced BV: 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.
Murced BV
Largest movements
- Tangible fixed assets +€45,905
up €45,905 (+28.8%), from €159,627 to €205,532
- Receivables within one year +€36,427
up €36,427 (+11.7%), from €312,547 to €348,973
of which Other amounts receivable: +€37,945
- Reserves +€91,970
up €91,970 (+39.0%), from €235,804 to €327,774
- Advances received -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin +€59,904
up €59,904 (+77.4%), from €77,360 to €137,264
- Taxes +€13,366
up €13,366 (+87.4%), from €15,285 to €28,651
- Depreciation +€1,920
up €1,920 (+15.6%), from €12,343 to €14,263
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 | €491,615 | €573,238 | +€81,623 | +16.6% |
| Fixed assets | 21/28 | €159,627 | €205,532 | +€45,905 | +28.8% |
| Tangible fixed assets | 22/27 | €159,627 | €205,532 | +€45,905 | +28.8% |
| Land and buildings | 22 | €159,627 | €205,532 | +€45,905 | +28.8% |
| Current assets | 29/58 | €331,988 | €367,706 | +€35,718 | +10.8% |
| Amounts receivable within one year | 40/41 | €312,547 | €348,973 | +€36,427 | +11.7% |
| Trade receivables | 40 | €1,518 | - | -€1,518 | |
| Other amounts receivable | 41 | €311,028 | €348,973 | +€37,945 | +12.2% |
| Cash at bank and in hand | 54/58 | €17,125 | €16,303 | -€822 | -4.8% |
| Deferred charges and accrued income | 490/1 | €2,317 | €2,430 | +€113 | +4.9% |
| Total equity and liabilities | 10/49 | €491,615 | €573,238 | +€81,623 | +16.6% |
| Equity | 10/15 | €422,288 | €514,258 | +€91,970 | +21.8% |
| Contributions | 10/11 | €186,483 | €186,483 | = | 0.0% |
| Reserves | 13 | €235,804 | €327,774 | +€91,970 | +39.0% |
| Distributable reserves | 133 | €235,804 | €327,774 | +€91,970 | +39.0% |
| Amounts payable | 17/49 | €69,327 | €58,980 | -€10,347 | -14.9% |
| Amounts payable within one year | 42/48 | €67,327 | €56,569 | -€10,758 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €1,409 | - | -€1,409 | |
| Trade debts | 44 | €12,505 | €12,516 | +€11 | +0.1% |
| Suppliers | 440/4 | €12,505 | €12,516 | +€11 | +0.1% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | - | €640 | +€640 | |
| Taxes | 450/3 | - | €640 | +€640 | |
| Other amounts payable | 47/48 | €43,413 | €43,413 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,411 | +€411 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,343 | €14,263 | +€1,920 | +15.6% |
| Other operating charges | 640/8 | €1,861 | €1,822 | -€38 | -2.1% |
| Gross operating margin | 9900 | €77,360 | €137,264 | +€59,904 | +77.4% |
| Operating profit (loss) | 9901 | €63,156 | €121,179 | +€58,023 | +91.9% |
| Financial charges | 65/66B | €501 | €558 | +€57 | +11.5% |
| Recurring financial charges | 65 | €501 | €558 | +€57 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €62,656 | €120,621 | +€57,966 | +92.5% |
| Income taxes | 67/77 | €15,285 | €28,651 | +€13,366 | +87.4% |
| Profit (loss) for the period | 9904 | €47,370 | €91,970 | +€44,600 | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,370 | €91,970 | +€44,600 | +94.2% |
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.