MURIELLE SURQUIN: what changed
MURIELLE SURQUIN
Largest movements
- Cash +€83,653
up €83,653 (+102%), from €81,888 to €165,541
mainly Net result for the year (+€61,691) and Tax, wage and social debts (+€25,413)
- Receivables within one year -€9,778
no longer reported in 2025 (was €9,778)
- Tangible fixed assets -€9,200
down €9,200 (-39.0%), from €23,567 to €14,367
- Reserves +€61,691
up €61,691 (+199%), from €31,061 to €92,752
of which Distributable reserves: +€61,691
- Tax, wage and social debts +€25,413
up €25,413 (+803%), from €3,166 to €28,579
- Other debts -€12,246
down €12,246 (-13.7%), from €89,126 to €76,880
- Debts after one year -€8,558
down €8,558 (-66.2%), from €12,931 to €4,373
- Financial charges -€43,958
down €43,958 (-97.2%), from €45,206 to €1,247
- Taxes +€22,226
up €22,226 (+698%), from €3,186 to €25,413
- Gross operating margin +€8,566
up €8,566 (+9.6%), from €89,208 to €97,775
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,052 | €181,784 | +€64,732 | +55.3% |
| Fixed assets | 21/28 | €23,567 | €14,367 | -€9,200 | -39.0% |
| Tangible fixed assets | 22/27 | €23,567 | €14,367 | -€9,200 | -39.0% |
| Furniture and vehicles | 24 | €23,567 | €14,367 | -€9,200 | -39.0% |
| Current assets | 29/58 | €93,485 | €167,417 | +€73,932 | +79.1% |
| Amounts receivable within one year | 40/41 | €9,778 | - | -€9,778 | |
| Other amounts receivable | 41 | €9,778 | - | -€9,778 | |
| Cash at bank and in hand | 54/58 | €81,888 | €165,541 | +€83,653 | +102% |
| Deferred charges and accrued income | 490/1 | €1,819 | €1,875 | +€56 | +3.1% |
| Total equity and liabilities | 10/49 | €117,052 | €181,784 | +€64,732 | +55.3% |
| Equity | 10/15 | -€113 | €61,578 | +€61,691 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,061 | €92,752 | +€61,691 | +199% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,201 | €90,892 | +€61,691 | +211% |
| Profit (loss) carried forward | 14 | -€43,574 | -€43,574 | = | 0.0% |
| Amounts payable | 17/49 | €117,165 | €120,205 | +€3,040 | +2.6% |
| Amounts payable after more than one year | 17 | €12,931 | €4,373 | -€8,558 | -66.2% |
| Financial debts | 170/4 | €12,931 | €4,373 | -€8,558 | -66.2% |
| Amounts payable within one year | 42/48 | €104,233 | €115,832 | +€11,599 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €8,313 | €8,558 | +€245 | +2.9% |
| Trade debts | 44 | €3,628 | €1,815 | -€1,813 | -50.0% |
| Suppliers | 440/4 | €3,628 | €1,815 | -€1,813 | -50.0% |
| Taxes, remuneration and social security | 45 | €3,166 | €28,579 | +€25,413 | +803% |
| Taxes | 450/3 | €3,166 | €28,579 | +€25,413 | +803% |
| Other amounts payable | 47/48 | €89,126 | €76,880 | -€12,246 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,200 | €9,200 | = | 0.0% |
| Other operating charges | 640/8 | €556 | €412 | -€144 | -25.9% |
| Gross operating margin | 9900 | €89,208 | €97,775 | +€8,566 | +9.6% |
| Operating profit (loss) | 9901 | €79,453 | €88,163 | +€8,710 | +11.0% |
| Financial income | 75/76B | - | €188 | +€188 | |
| Recurring financial income | 75 | - | €188 | +€188 | |
| Financial charges | 65/66B | €45,206 | €1,247 | -€43,958 | -97.2% |
| Recurring financial charges | 65 | €45,206 | €1,247 | -€43,958 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €34,247 | €87,104 | +€52,857 | +154% |
| Income taxes | 67/77 | €3,186 | €25,413 | +€22,226 | +698% |
| Profit (loss) for the period | 9904 | €31,061 | €61,691 | +€30,631 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,061 | €61,691 | +€30,631 | +98.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.