MUROS: 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.
MUROS
Largest movements
- Receivables within one year +€442,454
up €442,454 (+335.6%), from €131,844 to €574,298
of which Other amounts receivable: +€442,159
- Tangible fixed assets -€114,310
down €114,310 (-2.1%), from €5.4m to €5.3m
of which Land and buildings: -€115,068
- Debts after one year +€211,815
up €211,815 (+5.6%), from €3.8m to €4.0m
of which Financial debts: +€177,467
- Reserves +€88,288
up €88,288 (+8.1%), from €1.1m to €1.2m
of which Distributable reserves: +€100,000
- Gross operating margin +€121,078
up €121,078 (+17.3%), from €699,946 to €821,024
- Financial charges +€80,744
up €80,744 (+143.3%), from €56,332 to €137,076
- Depreciation +€51,269
up €51,269 (+38.1%), from €134,537 to €185,806
- Taxes +€16,533
up €16,533 (+10.9%), from €152,258 to €168,791
- Financial income -€12,731
down €12,731 (-51.9%), from €24,545 to €11,814
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 | €5,717,023 | €6,046,510 | +€329,487 | +5.8% |
| Fixed assets | 21/28 | €5,365,770 | €5,251,460 | -€114,310 | -2.1% |
| Tangible fixed assets | 22/27 | €5,365,274 | €5,250,964 | -€114,310 | -2.1% |
| Land and buildings | 22 | €5,365,015 | €5,249,948 | -€115,068 | -2.1% |
| Plant, machinery and equipment | 23 | - | €434 | +€434 | |
| Furniture and vehicles | 24 | €259 | €583 | +€324 | +125.3% |
| Financial fixed assets | 28 | €496 | €496 | = | 0.0% |
| Current assets | 29/58 | €351,254 | €795,050 | +€443,796 | +126.3% |
| Amounts receivable within one year | 40/41 | €131,844 | €574,298 | +€442,454 | +335.6% |
| Trade receivables | 40 | €1,349 | €1,643 | +€295 | +21.9% |
| Other amounts receivable | 41 | €130,496 | €572,655 | +€442,159 | +338.8% |
| Current investments | 50/53 | €135,000 | €120,000 | -€15,000 | -11.1% |
| Cash at bank and in hand | 54/58 | €80,760 | €93,228 | +€12,468 | +15.4% |
| Deferred charges and accrued income | 490/1 | €3,649 | €7,524 | +€3,875 | +106.2% |
| Total equity and liabilities | 10/49 | €5,717,023 | €6,046,510 | +€329,487 | +5.8% |
| Equity | 10/15 | €1,187,127 | €1,275,666 | +€88,539 | +7.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,086,930 | €1,175,218 | +€88,288 | +8.1% |
| Non-distributable reserves | 130/1 | €96,678 | €96,678 | = | 0.0% |
| Legal reserve | 130 | €96,678 | €96,678 | = | 0.0% |
| Tax-exempt reserves | 132 | €355,251 | €343,540 | -€11,712 | -3.3% |
| Distributable reserves | 133 | €635,000 | €735,000 | +€100,000 | +15.7% |
| Profit (loss) carried forward | 14 | €197 | €448 | +€251 | +127.4% |
| Provisions and deferred taxes | 16 | €118,417 | €114,513 | -€3,904 | -3.3% |
| Deferred taxes | 168 | €118,417 | €114,513 | -€3,904 | -3.3% |
| Amounts payable | 17/49 | €4,411,480 | €4,656,331 | +€244,852 | +5.6% |
| Amounts payable after more than one year | 17 | €3,783,946 | €3,995,761 | +€211,815 | +5.6% |
| Financial debts | 170/4 | €3,111,732 | €3,289,199 | +€177,467 | +5.7% |
| Other amounts payable | 178/9 | €672,213 | €706,562 | +€34,348 | +5.1% |
| Amounts payable within one year | 42/48 | €627,534 | €632,118 | +€4,584 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €247,399 | €276,611 | +€29,212 | +11.8% |
| Trade debts | 44 | €32 | €2,053 | +€2,021 | +6328.8% |
| Suppliers | 440/4 | €32 | €2,053 | +€2,021 | +6328.8% |
| Taxes, remuneration and social security | 45 | €160,628 | €102,319 | -€58,309 | -36.3% |
| Taxes | 450/3 | €160,628 | €102,319 | -€58,309 | -36.3% |
| Other amounts payable | 47/48 | €219,475 | €251,134 | +€31,659 | +14.4% |
| Accrued charges and deferred income | 492/3 | - | €28,452 | +€28,452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,537 | €185,806 | +€51,269 | +38.1% |
| Other operating charges | 640/8 | €1,483 | €1,530 | +€46 | +3.1% |
| Gross operating margin | 9900 | €699,946 | €821,024 | +€121,078 | +17.3% |
| Operating profit (loss) | 9901 | €563,926 | €633,689 | +€69,763 | +12.4% |
| Financial income | 75/76B | €24,545 | €11,814 | -€12,731 | -51.9% |
| Recurring financial income | 75 | €24,545 | €11,814 | -€12,731 | -51.9% |
| Financial charges | 65/66B | €56,332 | €137,076 | +€80,744 | +143.3% |
| Recurring financial charges | 65 | €56,332 | €137,076 | +€80,744 | +143.3% |
| Profit (loss) for the period before taxes | 9903 | €532,139 | €508,426 | -€23,712 | -4.5% |
| Transfer from deferred taxes | 780 | €3,904 | €3,904 | = | 0.0% |
| Income taxes | 67/77 | €152,258 | €168,791 | +€16,533 | +10.9% |
| Profit (loss) for the period | 9904 | €383,784 | €343,539 | -€40,245 | -10.5% |
| Transfer from tax-exempt reserves | 789 | €11,712 | €11,712 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €395,496 | €355,251 | -€40,245 | -10.2% |
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 10 October 2026 via checked.be.