MURKAR: 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.
MURKAR
Largest movements
- Receivables within one year -€22,480
down €22,480 (-57.7%), from €38,993 to €16,512
of which Other amounts receivable: -€22,480
- Profit (loss) carried forward -€137,000
down €137,000 (-72.4%), from €189,117 to €52,117
- Reserves +€93,504
up €93,504 (+502%), from €18,630 to €112,134
of which Distributable reserves: +€93,504
- Other debts +€17,864
up €17,864 (+14.0%), from €127,835 to €145,699
- Tax, wage and social debts +€6,458
up €6,458 (+33.4%), from €19,323 to €25,781
of which Taxes: +€4,458
- Financial income +€54,777
up €54,777 (+2,475%), from €2,213 to €56,990
- Gross operating margin -€9,761
down €9,761 (-13.6%), from €71,642 to €61,881
- Taxes +€7,210
up €7,210 (+50.3%), from €14,338 to €21,548
- Other operating charges +€1,046
up €1,046 (+204%), from €513 to €1,559
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 | €378,527 | €357,500 | -€21,027 | -5.6% |
| Fixed assets | 21/28 | €328,000 | €328,000 | = | 0.0% |
| Financial fixed assets | 28 | €328,000 | €328,000 | = | 0.0% |
| Current assets | 29/58 | €50,527 | €29,500 | -€21,027 | -41.6% |
| Amounts receivable within one year | 40/41 | €38,993 | €16,512 | -€22,480 | -57.7% |
| Trade receivables | 40 | €16,250 | €16,250 | = | 0.0% |
| Other amounts receivable | 41 | €22,743 | €262 | -€22,480 | -98.8% |
| Cash at bank and in hand | 54/58 | €9,321 | €11,010 | +€1,689 | +18.1% |
| Deferred charges and accrued income | 490/1 | €2,213 | €1,978 | -€235 | -10.6% |
| Total equity and liabilities | 10/49 | €378,527 | €357,500 | -€21,027 | -5.6% |
| Equity | 10/15 | €226,347 | €182,851 | -€43,496 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,630 | €112,134 | +€93,504 | +502% |
| 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 | €16,770 | €110,274 | +€93,504 | +558% |
| Profit (loss) carried forward | 14 | €189,117 | €52,117 | -€137,000 | -72.4% |
| Amounts payable | 17/49 | €152,180 | €174,649 | +€22,470 | +14.8% |
| Amounts payable within one year | 42/48 | €149,749 | €172,517 | +€22,768 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,591 | €1,037 | -€1,554 | -60.0% |
| Suppliers | 440/4 | €2,591 | €1,037 | -€1,554 | -60.0% |
| Taxes, remuneration and social security | 45 | €19,323 | €25,781 | +€6,458 | +33.4% |
| Taxes | 450/3 | €13,323 | €17,781 | +€4,458 | +33.5% |
| Remuneration and social security | 454/9 | €6,000 | €8,000 | +€2,000 | +33.3% |
| Other amounts payable | 47/48 | €127,835 | €145,699 | +€17,864 | +14.0% |
| Accrued charges and deferred income | 492/3 | €2,431 | €2,133 | -€298 | -12.3% |
| Other operating charges | 640/8 | €513 | €1,559 | +€1,046 | +204% |
| Gross operating margin | 9900 | €71,642 | €61,881 | -€9,761 | -13.6% |
| Operating profit (loss) | 9901 | €71,128 | €60,322 | -€10,807 | -15.2% |
| Financial income | 75/76B | €2,213 | €56,990 | +€54,777 | +2,475% |
| Recurring financial income | 75 | €2,213 | €56,990 | +€54,777 | +2,475% |
| Financial charges | 65/66B | €2,948 | €2,260 | -€687 | -23.3% |
| Recurring financial charges | 65 | €2,948 | €2,260 | -€687 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €70,394 | €115,051 | +€44,657 | +63.4% |
| Income taxes | 67/77 | €14,338 | €21,548 | +€7,210 | +50.3% |
| Profit (loss) for the period | 9904 | €56,056 | €93,504 | +€37,447 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,056 | €93,504 | +€37,447 | +66.8% |
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 20 October 2026 via checked.be.