MURMENS: 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.
MURMENS
Largest movements
- Tangible fixed assets +€42,362
up €42,362 (+6.4%), from €662,851 to €705,214
of which Plant, machinery and equipment: +€64,471
- Other debts +€77,890
up €77,890 (+62.4%), from €124,869 to €202,759
- Debts after one year -€43,734
down €43,734 (-9.6%), from €454,587 to €410,853
- Trade debts +€8,390
up €8,390 (+102.3%), from €8,204 to €16,594
- Depreciation -€40,651
down €40,651 (-59.2%), from €68,636 to €27,986
- Gross operating margin -€6,009
down €6,009 (-10.5%), from €57,282 to €51,273
- Financial charges +€2,429
up €2,429 (+17.2%), from €14,145 to €16,574
- Other operating charges +€1,964
up €1,964 (+20.1%), from €9,758 to €11,721
- Financial income +€1,106
up €1,106 (+15889.7%), from €7 to €1,113
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 | €676,120 | €715,121 | +€39,001 | +5.8% |
| Fixed assets | 21/28 | €662,851 | €705,214 | +€42,362 | +6.4% |
| Tangible fixed assets | 22/27 | €662,851 | €705,214 | +€42,362 | +6.4% |
| Land and buildings | 22 | €636,574 | €615,496 | -€21,078 | -3.3% |
| Plant, machinery and equipment | 23 | €20,446 | €84,916 | +€64,471 | +315.3% |
| Furniture and vehicles | 24 | €5,832 | €4,802 | -€1,030 | -17.7% |
| Current assets | 29/58 | €13,268 | €9,907 | -€3,361 | -25.3% |
| Amounts receivable within one year | 40/41 | €2,498 | €2,245 | -€253 | -10.1% |
| Trade receivables | 40 | €1,839 | - | -€1,839 | |
| Other amounts receivable | 41 | €659 | €2,245 | +€1,586 | +240.8% |
| Cash at bank and in hand | 54/58 | €4,021 | €5,050 | +€1,029 | +25.6% |
| Deferred charges and accrued income | 490/1 | €6,750 | €2,613 | -€4,137 | -61.3% |
| Total equity and liabilities | 10/49 | €676,120 | €715,121 | +€39,001 | +5.8% |
| Equity | 10/15 | €40,415 | €36,520 | -€3,895 | -9.6% |
| Contributions | 10/11 | €34,274 | €34,274 | = | 0.0% |
| Reserves | 13 | €2,367 | €2,367 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,367 | €2,367 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,367 | €2,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,774 | -€121 | -€3,895 | |
| Amounts payable | 17/49 | €635,705 | €678,601 | +€42,896 | +6.7% |
| Amounts payable after more than one year | 17 | €454,587 | €410,853 | -€43,734 | -9.6% |
| Financial debts | 170/4 | €454,587 | €410,853 | -€43,734 | -9.6% |
| Amounts payable within one year | 42/48 | €179,944 | €266,676 | +€86,732 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | €42,528 | €43,734 | +€1,206 | +2.8% |
| Financial debts | 43 | €3,491 | €3,590 | +€99 | +2.8% |
| Credit institutions | 430/8 | €3,491 | €3,590 | +€99 | +2.8% |
| Trade debts | 44 | €8,204 | €16,594 | +€8,390 | +102.3% |
| Suppliers | 440/4 | €8,204 | €16,594 | +€8,390 | +102.3% |
| Taxes, remuneration and social security | 45 | €852 | - | -€852 | |
| Taxes | 450/3 | €852 | - | -€852 | |
| Other amounts payable | 47/48 | €124,869 | €202,759 | +€77,890 | +62.4% |
| Accrued charges and deferred income | 492/3 | €1,175 | €1,072 | -€102 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,636 | €27,986 | -€40,651 | -59.2% |
| Other operating charges | 640/8 | €9,758 | €11,721 | +€1,964 | +20.1% |
| Gross operating margin | 9900 | €57,282 | €51,273 | -€6,009 | -10.5% |
| Operating profit (loss) | 9901 | -€21,112 | €11,566 | +€32,678 | |
| Financial income | 75/76B | €7 | €1,113 | +€1,106 | +15889.7% |
| Recurring financial income | 75 | €7 | €1,113 | +€1,106 | +15889.7% |
| Financial charges | 65/66B | €14,145 | €16,574 | +€2,429 | +17.2% |
| Recurring financial charges | 65 | €14,145 | €16,574 | +€2,429 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,250 | -€3,895 | +€31,355 | +89.0% |
| Profit (loss) for the period | 9904 | -€35,250 | -€3,895 | +€31,355 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,250 | -€3,895 | +€31,355 | +89.0% |
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 6 October 2026 via checked.be.