MUREX-STONE: 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.
MUREX-STONE
Largest movements
- Receivables within one year -€25,444
down €25,444 (-4.5%), from €566,804 to €541,360
of which Other amounts receivable: -€30,986
- Stocks and contracts -€18,121
no longer reported in 2025 (was €18,121)
- Tax, wage and social debts -€34,104
down €34,104 (-98.7%), from €34,556 to €452
- Trade debts -€18,677
down €18,677 (-7.4%), from €252,355 to €233,678
- Profit (loss) carried forward +€13,682
up €13,682 (+43.3%), from €31,628 to €45,310
- Gross operating margin -€41,835
down €41,835 (-59.8%), from €69,911 to €28,076
- Taxes -€5,359
no longer reported in 2025 (was €5,359)
- Other operating charges -€1,773
down €1,773 (-26.4%), from €6,714 to €4,941
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 | €592,173 | €548,069 | -€44,104 | -7.4% |
| Fixed assets | 21/28 | €415 | €1,659 | +€1,244 | +300% |
| Tangible fixed assets | 22/27 | - | €1,244 | +€1,244 | |
| Furniture and vehicles | 24 | - | €1,244 | +€1,244 | |
| Financial fixed assets | 28 | €415 | €415 | = | 0.0% |
| Current assets | 29/58 | €591,758 | €546,410 | -€45,348 | -7.7% |
| Stocks and contracts in progress | 3 | €18,121 | - | -€18,121 | |
| Contracts in progress | 37 | €18,121 | - | -€18,121 | |
| Amounts receivable within one year | 40/41 | €566,804 | €541,360 | -€25,444 | -4.5% |
| Trade receivables | 40 | €517,628 | €523,170 | +€5,542 | +1.1% |
| Other amounts receivable | 41 | €49,177 | €18,191 | -€30,986 | -63.0% |
| Cash at bank and in hand | 54/58 | €4,513 | €2,930 | -€1,583 | -35.1% |
| Deferred charges and accrued income | 490/1 | €2,320 | €2,120 | -€200 | -8.6% |
| Total equity and liabilities | 10/49 | €592,173 | €548,069 | -€44,104 | -7.4% |
| Equity | 10/15 | €203,552 | €217,234 | +€13,682 | +6.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €21,925 | €21,925 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €6,925 | €6,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,628 | €45,310 | +€13,682 | +43.3% |
| Amounts payable | 17/49 | €388,621 | €330,834 | -€57,786 | -14.9% |
| Amounts payable within one year | 42/48 | €388,621 | €330,834 | -€57,786 | -14.9% |
| Financial debts | 43 | €101,710 | €96,705 | -€5,005 | -4.9% |
| Credit institutions | 430/8 | €101,710 | €96,705 | -€5,005 | -4.9% |
| Trade debts | 44 | €252,355 | €233,678 | -€18,677 | -7.4% |
| Suppliers | 440/4 | €252,355 | €233,678 | -€18,677 | -7.4% |
| Taxes, remuneration and social security | 45 | €34,556 | €452 | -€34,104 | -98.7% |
| Taxes | 450/3 | €34,556 | €452 | -€34,104 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22 | +€22 | |
| Other operating charges | 640/8 | €6,714 | €4,941 | -€1,773 | -26.4% |
| Non-recurring operating charges | 66A | €35,000 | - | -€35,000 | |
| Gross operating margin | 9900 | €69,911 | €28,076 | -€41,835 | -59.8% |
| Operating profit (loss) | 9901 | €28,196 | €23,113 | -€5,084 | -18.0% |
| Financial charges | 65/66B | €9,116 | €9,431 | +€315 | +3.5% |
| Recurring financial charges | 65 | €9,116 | €9,431 | +€315 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €19,081 | €13,682 | -€5,399 | -28.3% |
| Income taxes | 67/77 | €5,359 | - | -€5,359 | |
| Profit (loss) for the period | 9904 | €13,722 | €13,682 | -€40 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,722 | €13,682 | -€40 | -0.3% |
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 14 October 2026 via checked.be.