MURKA: 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.
MURKA
Largest movements
- Receivables within one year -€13,040
down €13,040 (-12.8%), from €101,626 to €88,586
of which Other amounts receivable: -€11,539
- Stocks and contracts -€2,500
down €2,500 (-9.3%), from €27,000 to €24,500
- Profit (loss) carried forward -€23,616
down €23,616 (-21.6%), from €109,519 to €85,902
- Tax, wage and social debts +€5,046
up €5,046 (+33.0%), from €15,276 to €20,323
of which Remuneration and social security: +€5,949
- Trade debts +€2,057
up €2,057 (+30.1%), from €6,836 to €8,893
- Gross operating margin -€12,428
down €12,428 (-31.7%), from €39,202 to €26,774
- Staff costs +€8,561
up €8,561 (+20.4%), from €42,012 to €50,573
- Financial charges -€1,033
down €1,033 (-23.2%), from €4,450 to €3,416
- Financial income -€745
down €745 (-13.5%), from €5,530 to €4,784
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.
Cash bridge derived
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 | €138,188 | €121,877 | -€16,311 | -11.8% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €137,788 | €121,477 | -€16,311 | -11.8% |
| Stocks and contracts in progress | 3 | €27,000 | €24,500 | -€2,500 | -9.3% |
| Stocks | 30/36 | €27,000 | €24,500 | -€2,500 | -9.3% |
| Amounts receivable within one year | 40/41 | €101,626 | €88,586 | -€13,040 | -12.8% |
| Trade receivables | 40 | €1,501 | - | -€1,501 | |
| Other amounts receivable | 41 | €100,125 | €88,586 | -€11,539 | -11.5% |
| Cash at bank and in hand | 54/58 | €3,380 | €3,342 | -€38 | -1.1% |
| Deferred charges and accrued income | 490/1 | €5,782 | €5,049 | -€733 | -12.7% |
| Total equity and liabilities | 10/49 | €138,188 | €121,877 | -€16,311 | -11.8% |
| Equity | 10/15 | €115,719 | €92,102 | -€23,616 | -20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,519 | €85,902 | -€23,616 | -21.6% |
| Amounts payable | 17/49 | €22,469 | €29,775 | +€7,305 | +32.5% |
| Amounts payable within one year | 42/48 | €22,469 | €29,775 | +€7,305 | +32.5% |
| Financial debts | 43 | - | €71 | +€71 | |
| Credit institutions | 430/8 | - | €71 | +€71 | |
| Trade debts | 44 | €6,836 | €8,893 | +€2,057 | +30.1% |
| Suppliers | 440/4 | €6,836 | €8,893 | +€2,057 | +30.1% |
| Taxes, remuneration and social security | 45 | €15,276 | €20,323 | +€5,046 | +33.0% |
| Taxes | 450/3 | €3,231 | €2,329 | -€903 | -27.9% |
| Remuneration and social security | 454/9 | €12,045 | €17,994 | +€5,949 | +49.4% |
| Other amounts payable | 47/48 | €357 | €488 | +€131 | +36.7% |
| Remuneration, social security and pensions | 62 | €42,012 | €50,573 | +€8,561 | +20.4% |
| Other operating charges | 640/8 | €836 | €1,185 | +€349 | +41.8% |
| Gross operating margin | 9900 | €39,202 | €26,774 | -€12,428 | -31.7% |
| Operating profit (loss) | 9901 | -€3,646 | -€24,985 | -€21,339 | -585.3% |
| Financial income | 75/76B | €5,530 | €4,784 | -€745 | -13.5% |
| Recurring financial income | 75 | €5,530 | €4,784 | -€745 | -13.5% |
| Financial charges | 65/66B | €4,450 | €3,416 | -€1,033 | -23.2% |
| Recurring financial charges | 65 | €4,450 | €3,416 | -€1,033 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,566 | -€23,616 | -€21,051 | -820.4% |
| Profit (loss) for the period | 9904 | -€2,566 | -€23,616 | -€21,051 | -820.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,566 | -€23,616 | -€21,051 | -820.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.