MURCO: 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.
MURCO
Largest movements
- Tangible fixed assets +€634
up €634 (+9.7%), from €6,539 to €7,173
of which Plant, machinery and equipment: +€3,222
- Cash +€536
up €536 (+12.3%), from €4,352 to €4,888
mainly Depreciation (+€3,008) and Net result for the year (+€2,227)
- Profit (loss) carried forward +€2,227
up €2,227 (+22.3%), from -€9,995 to -€7,768
- Other debts -€1,800
down €1,800 (-82.9%), from €2,172 to €372
- Tax, wage and social debts +€660
up €660 (+103%), from €642 to €1,302
- Gross operating margin -€1,459
down €1,459 (-20.0%), from €7,311 to €5,852
- Depreciation -€991
down €991 (-24.8%), from €3,999 to €3,008
- Other operating charges -€802
down €802 (-69.2%), from €1,160 to €358
- Taxes -€642
down €642 (-100%), from €642 to €0
- Financial charges +€153
up €153 (+145%), from €106 to €259
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 | €11,589 | €12,770 | +€1,181 | +10.2% |
| Fixed assets | 21/28 | €6,539 | €7,173 | +€634 | +9.7% |
| Tangible fixed assets | 22/27 | €6,539 | €7,173 | +€634 | +9.7% |
| Plant, machinery and equipment | 23 | €282 | €3,504 | +€3,222 | +1,141% |
| Furniture and vehicles | 24 | €6,257 | €3,669 | -€2,588 | -41.4% |
| Current assets | 29/58 | €5,050 | €5,597 | +€547 | +10.8% |
| Amounts receivable within one year | 40/41 | €595 | €600 | +€5 | +0.9% |
| Other amounts receivable | 41 | €595 | €600 | +€5 | +0.9% |
| Cash at bank and in hand | 54/58 | €4,352 | €4,888 | +€536 | +12.3% |
| Deferred charges and accrued income | 490/1 | €103 | €109 | +€6 | +5.6% |
| Total equity and liabilities | 10/49 | €11,589 | €12,770 | +€1,181 | +10.2% |
| Equity | 10/15 | €8,605 | €10,832 | +€2,227 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,995 | -€7,768 | +€2,227 | +22.3% |
| Amounts payable | 17/49 | €2,984 | €1,938 | -€1,046 | -35.1% |
| Amounts payable within one year | 42/48 | €2,984 | €1,938 | -€1,046 | -35.1% |
| Trade debts | 44 | €170 | €264 | +€94 | +55.5% |
| Suppliers | 440/4 | €170 | €264 | +€94 | +55.5% |
| Taxes, remuneration and social security | 45 | €642 | €1,302 | +€660 | +103% |
| Taxes | 450/3 | €642 | €1,302 | +€660 | +103% |
| Other amounts payable | 47/48 | €2,172 | €372 | -€1,800 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,999 | €3,008 | -€991 | -24.8% |
| Other operating charges | 640/8 | €1,160 | €358 | -€802 | -69.2% |
| Gross operating margin | 9900 | €7,311 | €5,852 | -€1,459 | -20.0% |
| Operating profit (loss) | 9901 | €2,151 | €2,486 | +€335 | +15.6% |
| Financial charges | 65/66B | €106 | €259 | +€153 | +145% |
| Recurring financial charges | 65 | €106 | €259 | +€153 | +145% |
| Profit (loss) for the period before taxes | 9903 | €2,045 | €2,227 | +€181 | +8.9% |
| Income taxes | 67/77 | €642 | €0 | -€642 | -100% |
| Profit (loss) for the period | 9904 | €1,403 | €2,227 | +€824 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,403 | €2,227 | +€824 | +58.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.