MURHATAN: what changed
Two fiscal 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.
MURHATAN
Largest movements
- Tangible fixed assets +€39,384
up €39,384 (+49.2%), from €80,055 to €119,438
of which Furniture and vehicles: +€49,500
- Receivables within one year +€32,904
up €32,904 (+49.7%), from €66,258 to €99,163
of which Trade receivables: +€37,671
- Cash -€17,575
down €17,575 (-83.2%), from €21,125 to €3,550
mainly Investment in fixed assets (net) (-€50,100) and Receivables within one year (-€32,904)
- Trade debts +€45,761
up €45,761 (+405.0%), from €11,299 to €57,060
- Other debts +€22,022
up €22,022 (+135.1%), from €16,299 to €38,321
- Profit (loss) carried forward -€17,154
down €17,154 (-14.3%), from €120,333 to €103,179
- Current portion of long-term debt +€6,766
up €6,766 (+119.5%), from €5,664 to €12,429
- Tax, wage and social debts -€2,682
down €2,682 (-64.7%), from €4,143 to €1,461
of which Taxes: -€4,093
- Gross operating margin -€77,216
down €77,216 (-58.1%), from €132,852 to €55,636
- Staff costs -€27,771
down €27,771 (-33.1%), from €83,912 to €56,141
- Other operating charges +€2,550
up €2,550 (+263.3%), from €968 to €3,518
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,774 | €259,486 | +€54,712 | +26.7% |
| Fixed assets | 21/28 | €105,055 | €144,438 | +€39,384 | +37.5% |
| Intangible fixed assets | 21 | €25,000 | €25,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €80,055 | €119,438 | +€39,384 | +49.2% |
| Land and buildings | 22 | €11,000 | €6,600 | -€4,400 | -40.0% |
| Plant, machinery and equipment | 23 | €17,555 | €11,839 | -€5,717 | -32.6% |
| Furniture and vehicles | 24 | €51,500 | €101,000 | +€49,500 | +96.1% |
| Current assets | 29/58 | €99,719 | €115,048 | +€15,329 | +15.4% |
| Stocks and contracts in progress | 3 | €12,335 | €12,335 | = | 0.0% |
| Stocks | 30/36 | €12,335 | €12,335 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,258 | €99,163 | +€32,904 | +49.7% |
| Trade receivables | 40 | €49,770 | €87,441 | +€37,671 | +75.7% |
| Other amounts receivable | 41 | €16,488 | €11,722 | -€4,767 | -28.9% |
| Cash at bank and in hand | 54/58 | €21,125 | €3,550 | -€17,575 | -83.2% |
| Total equity and liabilities | 10/49 | €204,774 | €259,486 | +€54,712 | +26.7% |
| Equity | 10/15 | €145,333 | €128,179 | -€17,154 | -11.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | - | -€25,000 | |
| Issued capital | 100 | €25,000 | - | -€25,000 | |
| Profit (loss) carried forward | 14 | €120,333 | €103,179 | -€17,154 | -14.3% |
| Amounts payable | 17/49 | €59,440 | €131,307 | +€71,867 | +120.9% |
| Amounts payable after more than one year | 17 | €22,035 | €22,035 | -€0 | 0.0% |
| Financial debts | 170/4 | €22,035 | €22,035 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €37,405 | €109,271 | +€71,867 | +192.1% |
| Current portion of amounts payable after more than one year | 42 | €5,664 | €12,429 | +€6,766 | +119.5% |
| Trade debts | 44 | €11,299 | €57,060 | +€45,761 | +405.0% |
| Suppliers | 440/4 | €11,299 | €57,060 | +€45,761 | +405.0% |
| Taxes, remuneration and social security | 45 | €4,143 | €1,461 | -€2,682 | -64.7% |
| Taxes | 450/3 | €4,143 | €50 | -€4,093 | -98.8% |
| Remuneration and social security | 454/9 | - | €1,411 | +€1,411 | |
| Other amounts payable | 47/48 | €16,299 | €38,321 | +€22,022 | +135.1% |
| Remuneration, social security and pensions | 62 | €83,912 | €56,141 | -€27,771 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,539 | €10,716 | +€178 | +1.7% |
| Other operating charges | 640/8 | €968 | €3,518 | +€2,550 | +263.3% |
| Gross operating margin | 9900 | €132,852 | €55,636 | -€77,216 | -58.1% |
| Operating profit (loss) | 9901 | €37,433 | -€14,740 | -€52,173 | |
| Financial income | 75/76B | €7 | €11 | +€3 | +47.0% |
| Recurring financial income | 75 | €7 | €11 | +€3 | +47.0% |
| Financial charges | 65/66B | €3,054 | €2,425 | -€630 | -20.6% |
| Recurring financial charges | 65 | €3,054 | €2,425 | -€630 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €34,385 | -€17,154 | -€51,539 | |
| Profit (loss) for the period | 9904 | €34,385 | -€17,154 | -€51,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,385 | -€17,154 | -€51,539 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.