MURO: 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.
MURO
Largest movements
- Receivables within one year -€56,363
down €56,363 (-100.0%), from €56,363 to €0
- Tangible fixed assets -€3,685
down €3,685 (-20.4%), from €18,061 to €14,377
of which Land and buildings: -€2,636
- Cash -€1,489
down €1,489 (-88.4%), from €1,684 to €196
mainly Contributions, distributions and other (-€64,746) and Net result for the year (-€5,933)
- Contributions -€60,000
down €60,000 (-84.5%), from €71,000 to €11,000
- Other debts +€9,145
new in 2025: €9,145
- Reserves -€5,616
down €5,616 (-100.0%), from €5,616 to €0
of which Non-distributable reserves: -€4,960
- Profit (loss) carried forward -€5,063
down €5,063, from €0 to -€5,063
- Gross operating margin -€7,585
down €7,585, from €4,488 to -€3,097
- Financial income -€1,420
down €1,420 (-45.1%), from €3,147 to €1,727
- Other operating charges +€73
up €73 (+9.6%), from €761 to €833
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 | €76,616 | €15,082 | -€61,534 | -80.3% |
| Fixed assets | 21/28 | €18,185 | €14,501 | -€3,685 | -20.3% |
| Tangible fixed assets | 22/27 | €18,061 | €14,377 | -€3,685 | -20.4% |
| Land and buildings | 22 | €16,418 | €13,782 | -€2,636 | -16.1% |
| Plant, machinery and equipment | 23 | €1,643 | €594 | -€1,049 | -63.8% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €58,431 | €582 | -€57,849 | -99.0% |
| Amounts receivable within one year | 40/41 | €56,363 | €0 | -€56,363 | -100.0% |
| Other amounts receivable | 41 | €56,363 | €0 | -€56,363 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,684 | €196 | -€1,489 | -88.4% |
| Deferred charges and accrued income | 490/1 | €384 | €386 | +€2 | +0.6% |
| Total equity and liabilities | 10/49 | €76,616 | €15,082 | -€61,534 | -80.3% |
| Equity | 10/15 | €76,616 | €5,937 | -€70,679 | -92.3% |
| Contributions | 10/11 | €71,000 | €11,000 | -€60,000 | -84.5% |
| Contributions outside capital | 11 | €71,000 | - | -€71,000 | |
| Other | 1109/19 | €71,000 | - | -€71,000 | |
| Reserves | 13 | €5,616 | €0 | -€5,616 | -100.0% |
| Non-distributable reserves | 130/1 | €4,960 | €0 | -€4,960 | -100.0% |
| Reserves not available under the articles | 1311 | €4,960 | €0 | -€4,960 | -100.0% |
| Distributable reserves | 133 | €656 | €0 | -€656 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€5,063 | -€5,063 | |
| Amounts payable | 17/49 | - | €9,145 | +€9,145 | |
| Amounts payable within one year | 42/48 | - | €9,145 | +€9,145 | |
| Other amounts payable | 47/48 | - | €9,145 | +€9,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,685 | €3,685 | = | 0.0% |
| Other operating charges | 640/8 | €761 | €833 | +€73 | +9.6% |
| Gross operating margin | 9900 | €4,488 | -€3,097 | -€7,585 | |
| Operating profit (loss) | 9901 | €42 | -€7,615 | -€7,657 | |
| Financial income | 75/76B | €3,147 | €1,727 | -€1,420 | -45.1% |
| Recurring financial income | 75 | €3,147 | €1,727 | -€1,420 | -45.1% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.7% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €3,146 | -€5,933 | -€9,079 | |
| Profit (loss) for the period | 9904 | €3,146 | -€5,933 | -€9,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,146 | -€5,933 | -€9,079 |
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 9 October 2026 via checked.be.