MURESAN SDC: 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.
MURESAN SDC
Largest movements
- Tangible fixed assets +€240,025
up €240,025 (+36.7%), from €653,457 to €893,482
of which Land and buildings: +€251,322
- Cash +€29,480
up €29,480 (+13.5%), from €218,925 to €248,406
mainly Debts after one year (+€237,632) and Depreciation (+€123,014)
- Receivables within one year +€18,081
up €18,081 (+36.3%), from €49,752 to €67,834
of which Other amounts receivable: +€20,190
- Debts after one year +€237,632
up €237,632 (+101%), from €234,488 to €472,120
- Reserves +€97,586
up €97,586 (+19.6%), from €499,000 to €596,586
of which Non-distributable reserves: +€97,586
- Tax, wage and social debts -€37,810
down €37,810 (-47.6%), from €79,366 to €41,556
of which Taxes: -€39,206
- Trade debts -€12,905
down €12,905 (-25.9%), from €49,854 to €36,949
- Staff costs -€66,431
down €66,431 (-27.1%), from €244,713 to €178,282
- Depreciation +€37,304
up €37,304 (+43.5%), from €85,709 to €123,014
- Gross operating margin +€31,881
up €31,881 (+7.4%), from €429,877 to €461,758
- Taxes +€19,906
up €19,906 (+95.4%), from €20,874 to €40,779
- Other operating charges -€7,085
down €7,085 (-82.5%), from €8,583 to €1,498
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 | €933,447 | €1,222,517 | +€289,069 | +31.0% |
| Fixed assets | 21/28 | €653,592 | €893,617 | +€240,025 | +36.7% |
| Tangible fixed assets | 22/27 | €653,457 | €893,482 | +€240,025 | +36.7% |
| Land and buildings | 22 | €623,127 | €874,449 | +€251,322 | +40.3% |
| Plant, machinery and equipment | 23 | €2,899 | €2,903 | +€4 | +0.1% |
| Furniture and vehicles | 24 | €27,432 | €16,130 | -€11,302 | -41.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €279,855 | €328,899 | +€49,044 | +17.5% |
| Stocks and contracts in progress | 3 | €4,746 | €5,808 | +€1,062 | +22.4% |
| Stocks | 30/36 | €4,746 | €5,808 | +€1,062 | +22.4% |
| Amounts receivable within one year | 40/41 | €49,752 | €67,834 | +€18,081 | +36.3% |
| Trade receivables | 40 | €11,518 | €9,409 | -€2,109 | -18.3% |
| Other amounts receivable | 41 | €38,235 | €58,425 | +€20,190 | +52.8% |
| Cash at bank and in hand | 54/58 | €218,925 | €248,406 | +€29,480 | +13.5% |
| Deferred charges and accrued income | 490/1 | €6,431 | €6,852 | +€420 | +6.5% |
| Total equity and liabilities | 10/49 | €933,447 | €1,222,517 | +€289,069 | +31.0% |
| Equity | 10/15 | €518,460 | €616,045 | +€97,586 | +18.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €499,000 | €596,586 | +€97,586 | +19.6% |
| Non-distributable reserves | 130/1 | €402,831 | €500,417 | +€97,586 | +24.2% |
| Other | 1319 | €402,831 | €500,417 | +€97,586 | +24.2% |
| Distributable reserves | 133 | €96,169 | €96,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €910 | €910 | = | 0.0% |
| Amounts payable | 17/49 | €414,988 | €606,471 | +€191,484 | +46.1% |
| Amounts payable after more than one year | 17 | €234,488 | €472,120 | +€237,632 | +101% |
| Financial debts | 170/4 | €234,488 | €472,120 | +€237,632 | +101% |
| Amounts payable within one year | 42/48 | €178,800 | €134,351 | -€44,448 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €49,580 | €55,847 | +€6,267 | +12.6% |
| Trade debts | 44 | €49,854 | €36,949 | -€12,905 | -25.9% |
| Suppliers | 440/4 | €49,854 | €36,949 | -€12,905 | -25.9% |
| Taxes, remuneration and social security | 45 | €79,366 | €41,556 | -€37,810 | -47.6% |
| Taxes | 450/3 | €73,211 | €34,005 | -€39,206 | -53.6% |
| Remuneration and social security | 454/9 | €6,154 | €7,550 | +€1,396 | +22.7% |
| Accrued charges and deferred income | 492/3 | €1,700 | - | -€1,700 | |
| Remuneration, social security and pensions | 62 | €244,713 | €178,282 | -€66,431 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,709 | €123,014 | +€37,304 | +43.5% |
| Other operating charges | 640/8 | €8,583 | €1,498 | -€7,085 | -82.5% |
| Non-recurring operating charges | 66A | €585 | €389 | -€196 | -33.5% |
| Gross operating margin | 9900 | €429,877 | €461,758 | +€31,881 | +7.4% |
| Operating profit (loss) | 9901 | €90,286 | €158,575 | +€68,288 | +75.6% |
| Financial income | 75/76B | €1,039 | €3,835 | +€2,796 | +269% |
| Recurring financial income | 75 | €1,039 | €3,835 | +€2,796 | +269% |
| Financial charges | 65/66B | €21,120 | €24,045 | +€2,925 | +13.8% |
| Recurring financial charges | 65 | €21,120 | €24,045 | +€2,925 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €70,205 | €138,365 | +€68,160 | +97.1% |
| Income taxes | 67/77 | €20,874 | €40,779 | +€19,906 | +95.4% |
| Profit (loss) for the period | 9904 | €49,331 | €97,586 | +€48,254 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,331 | €97,586 | +€48,254 | +97.8% |
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 19 October 2026 via checked.be.