MURRELEKTRONIK: 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.
MURRELEKTRONIK
Largest movements
- Receivables within one year +€73,620
up €73,620 (+14.7%), from €499,775 to €573,394
of which Trade receivables: +€74,656
- Trade debts +€32,775
up €32,775 (+15.3%), from €214,418 to €247,193
- Tax, wage and social debts +€24,935
up €24,935 (+36.9%), from €67,579 to €92,514
of which Remuneration and social security: +€15,577
- Profit (loss) carried forward +€21,865
up €21,865 (+3.6%), from €600,546 to €622,412
- Gross operating margin +€190,871
up €190,871 (+42.9%), from €444,847 to €635,718
- Staff costs +€189,128
up €189,128 (+62.3%), from €303,657 to €492,785
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 | €989,811 | €1,064,737 | +€74,926 | +7.6% |
| Fixed assets | 21/28 | €7,864 | €7,338 | -€527 | -6.7% |
| Tangible fixed assets | 22/27 | €7,864 | €7,338 | -€527 | -6.7% |
| Furniture and vehicles | 24 | €7,864 | €7,338 | -€527 | -6.7% |
| Current assets | 29/58 | €981,947 | €1,057,400 | +€75,453 | +7.7% |
| Amounts receivable within one year | 40/41 | €499,775 | €573,394 | +€73,620 | +14.7% |
| Trade receivables | 40 | €460,887 | €535,543 | +€74,656 | +16.2% |
| Other amounts receivable | 41 | €38,887 | €37,852 | -€1,036 | -2.7% |
| Cash at bank and in hand | 54/58 | €472,332 | €465,202 | -€7,130 | -1.5% |
| Deferred charges and accrued income | 490/1 | €9,840 | €18,803 | +€8,963 | +91.1% |
| Total equity and liabilities | 10/49 | €989,811 | €1,064,737 | +€74,926 | +7.6% |
| Equity | 10/15 | €627,814 | €649,680 | +€21,865 | +3.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €600,546 | €622,412 | +€21,865 | +3.6% |
| Amounts payable | 17/49 | €361,997 | €415,057 | +€53,061 | +14.7% |
| Amounts payable within one year | 42/48 | €361,997 | €414,707 | +€52,710 | +14.6% |
| Trade debts | 44 | €214,418 | €247,193 | +€32,775 | +15.3% |
| Suppliers | 440/4 | €214,418 | €247,193 | +€32,775 | +15.3% |
| Taxes, remuneration and social security | 45 | €67,579 | €92,514 | +€24,935 | +36.9% |
| Taxes | 450/3 | €32,079 | €41,437 | +€9,358 | +29.2% |
| Remuneration and social security | 454/9 | €35,500 | €51,077 | +€15,577 | +43.9% |
| Other amounts payable | 47/48 | €80,000 | €75,000 | -€5,000 | -6.3% |
| Accrued charges and deferred income | 492/3 | - | €351 | +€351 | |
| Remuneration, social security and pensions | 62 | €303,657 | €492,785 | +€189,128 | +62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580 | €2,737 | +€1,156 | +73.2% |
| Other operating charges | 640/8 | €4,259 | €1,543 | -€2,716 | -63.8% |
| Gross operating margin | 9900 | €444,847 | €635,718 | +€190,871 | +42.9% |
| Operating profit (loss) | 9901 | €135,351 | €138,652 | +€3,302 | +2.4% |
| Financial income | 75/76B | €938 | €1,509 | +€571 | +60.9% |
| Recurring financial income | 75 | €938 | €1,509 | +€571 | +60.9% |
| Financial charges | 65/66B | €2,211 | €5,471 | +€3,260 | +147% |
| Recurring financial charges | 65 | €2,211 | €5,471 | +€3,260 | +147% |
| Profit (loss) for the period before taxes | 9903 | €134,077 | €134,691 | +€613 | +0.5% |
| Income taxes | 67/77 | €37,912 | €37,825 | -€86 | -0.2% |
| Profit (loss) for the period | 9904 | €96,166 | €96,865 | +€700 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,166 | €96,865 | +€700 | +0.7% |
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 29 October 2026 via checked.be.