MURUKUTUM: 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.
MURUKUTUM
Largest movements
- Tangible fixed assets -€8,479
down €8,479 (-34.5%), from €24,565 to €16,087
of which Furniture and vehicles: -€4,665
- Intangible fixed assets -€5,000
down €5,000 (-16.1%), from €31,066 to €26,066
- Stocks and contracts +€1,959
up €1,959 (+25.4%), from €7,702 to €9,661
- Cash -€1,800
down €1,800 (-77.7%), from €2,318 to €518
mainly Tax, wage and social debts (-€10,674) and Trade debts (-€8,935)
- Tax, wage and social debts -€10,674
down €10,674 (-73.1%), from €14,609 to €3,934
of which Remuneration and social security: -€9,841
- Trade debts -€8,935
down €8,935 (-36.7%), from €24,358 to €15,423
- Other debts +€3,790
up €3,790 (+8.7%), from €43,592 to €47,382
- Profit (loss) carried forward +€2,500
up €2,500 (+2.7%), from -€91,908 to -€89,407
- Staff costs -€20,653
no longer reported in 2025 (was €20,653)
- Gross operating margin +€13,109
up €13,109 (+119%), from €11,012 to €24,121
- Other operating charges +€3,530
up €3,530 (+158%), from €2,239 to €5,769
- Depreciation +€261
up €261 (+1.7%), from €15,465 to €15,726
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 | €65,651 | €52,332 | -€13,319 | -20.3% |
| Fixed assets | 21/28 | €55,632 | €42,153 | -€13,479 | -24.2% |
| Intangible fixed assets | 21 | €31,066 | €26,066 | -€5,000 | -16.1% |
| Tangible fixed assets | 22/27 | €24,565 | €16,087 | -€8,479 | -34.5% |
| Plant, machinery and equipment | 23 | €9,393 | €5,579 | -€3,814 | -40.6% |
| Furniture and vehicles | 24 | €15,172 | €10,508 | -€4,665 | -30.7% |
| Current assets | 29/58 | €10,020 | €10,180 | +€160 | +1.6% |
| Stocks and contracts in progress | 3 | €7,702 | €9,661 | +€1,959 | +25.4% |
| Stocks | 30/36 | €7,702 | €9,661 | +€1,959 | +25.4% |
| Amounts receivable within one year | 40/41 | - | €1 | +€1 | |
| Trade receivables | 40 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €2,318 | €518 | -€1,800 | -77.7% |
| Total equity and liabilities | 10/49 | €65,651 | €52,332 | -€13,319 | -20.3% |
| Equity | 10/15 | -€66,908 | -€64,407 | +€2,500 | +3.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,908 | -€89,407 | +€2,500 | +2.7% |
| Amounts payable | 17/49 | €132,559 | €116,739 | -€15,819 | -11.9% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,559 | €71,739 | -€15,819 | -18.1% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €24,358 | €15,423 | -€8,935 | -36.7% |
| Suppliers | 440/4 | €24,358 | €15,423 | -€8,935 | -36.7% |
| Taxes, remuneration and social security | 45 | €14,609 | €3,934 | -€10,674 | -73.1% |
| Taxes | 450/3 | €3,118 | €2,284 | -€833 | -26.7% |
| Remuneration and social security | 454/9 | €11,491 | €1,650 | -€9,841 | -85.6% |
| Other amounts payable | 47/48 | €43,592 | €47,382 | +€3,790 | +8.7% |
| Remuneration, social security and pensions | 62 | €20,653 | - | -€20,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,465 | €15,726 | +€261 | +1.7% |
| Other operating charges | 640/8 | €2,239 | €5,769 | +€3,530 | +158% |
| Gross operating margin | 9900 | €11,012 | €24,121 | +€13,109 | +119% |
| Operating profit (loss) | 9901 | -€27,345 | €2,626 | +€29,970 | |
| Financial income | 75/76B | €5 | €12 | +€7 | +146% |
| Recurring financial income | 75 | €5 | €12 | +€7 | +146% |
| Financial charges | 65/66B | €197 | €138 | -€60 | -30.3% |
| Recurring financial charges | 65 | €197 | €138 | -€60 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,537 | €2,500 | +€30,037 | |
| Profit (loss) for the period | 9904 | -€27,537 | €2,500 | +€30,037 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,537 | €2,500 | +€30,037 |
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 23 October 2026 via checked.be.