Muurtuin: 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.
Muurtuin
Largest movements
- Receivables within one year +€6,491
up €6,491 (+181%), from €3,596 to €10,087
of which Trade receivables: +€8,878
- Cash -€3,463
down €3,463 (-35.9%), from €9,654 to €6,191
mainly Trade debts (-€39,299) and Receivables within one year (-€6,491)
- Tangible fixed assets -€2,474
down €2,474 (-8.9%), from €27,836 to €25,362
of which Land and buildings: -€2,196
- Trade debts -€39,299
down €39,299 (-94.6%), from €41,560 to €2,261
- Other debts +€30,770
up €30,770, from €0 to €30,770
- Profit (loss) carried forward +€9,947
up €9,947 (+25.5%), from -€38,995 to -€29,048
- Short-term financial debts -€1,130
down €1,130 (-95.8%), from €1,180 to €50
- Gross operating margin +€32,944
up €32,944, from -€17,472 to €15,473
- Other operating charges +€892
up €892 (+148%), from €605 to €1,496
- Depreciation +€255
up €255 (+6.9%), from €3,682 to €3,938
- Financial income -€199
down €199 (-100%), from €199 to €0
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 | €55,853 | €56,558 | +€704 | +1.3% |
| Fixed assets | 21/28 | €27,914 | €25,362 | -€2,552 | -9.1% |
| Intangible fixed assets | 21 | €78 | €0 | -€78 | -100% |
| Tangible fixed assets | 22/27 | €27,836 | €25,362 | -€2,474 | -8.9% |
| Land and buildings | 22 | €20,077 | €17,881 | -€2,196 | -10.9% |
| Plant, machinery and equipment | 23 | €1,510 | €2,401 | +€892 | +59.1% |
| Furniture and vehicles | 24 | €53 | €0 | -€53 | -100% |
| Other tangible fixed assets | 26 | €6,196 | €5,079 | -€1,117 | -18.0% |
| Current assets | 29/58 | €27,940 | €31,196 | +€3,256 | +11.7% |
| Stocks and contracts in progress | 3 | €14,314 | €14,064 | -€250 | -1.7% |
| Stocks | 30/36 | €14,314 | €14,064 | -€250 | -1.7% |
| Amounts receivable within one year | 40/41 | €3,596 | €10,087 | +€6,491 | +181% |
| Trade receivables | 40 | €1,191 | €10,068 | +€8,878 | +746% |
| Other amounts receivable | 41 | €2,405 | €18 | -€2,387 | -99.2% |
| Cash at bank and in hand | 54/58 | €9,654 | €6,191 | -€3,463 | -35.9% |
| Deferred charges and accrued income | 490/1 | €376 | €854 | +€478 | +127% |
| Total equity and liabilities | 10/49 | €55,853 | €56,558 | +€704 | +1.3% |
| Equity | 10/15 | €13,113 | €23,061 | +€9,947 | +75.9% |
| Contributions | 10/11 | €6,775 | €6,775 | = | 0.0% |
| Reserves | 13 | €45,334 | €45,334 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,474 | €43,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,995 | -€29,048 | +€9,947 | +25.5% |
| Amounts payable | 17/49 | €42,740 | €33,497 | -€9,243 | -21.6% |
| Amounts payable within one year | 42/48 | €42,740 | €33,497 | -€9,243 | -21.6% |
| Financial debts | 43 | €1,180 | €50 | -€1,130 | -95.8% |
| Credit institutions | 430/8 | €1,180 | €50 | -€1,130 | -95.8% |
| Trade debts | 44 | €41,560 | €2,261 | -€39,299 | -94.6% |
| Suppliers | 440/4 | €41,560 | €2,261 | -€39,299 | -94.6% |
| Taxes, remuneration and social security | 45 | €0 | €415 | +€415 | |
| Taxes | 450/3 | €0 | €415 | +€415 | |
| Other amounts payable | 47/48 | €0 | €30,770 | +€30,770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,682 | €3,938 | +€255 | +6.9% |
| Other operating charges | 640/8 | €605 | €1,496 | +€892 | +148% |
| Gross operating margin | 9900 | -€17,472 | €15,473 | +€32,944 | |
| Operating profit (loss) | 9901 | -€21,759 | €10,039 | +€31,797 | |
| Financial income | 75/76B | €199 | €0 | -€199 | -100% |
| Recurring financial income | 75 | €199 | €0 | -€199 | -100% |
| Financial charges | 65/66B | €199 | €91 | -€108 | -54.1% |
| Recurring financial charges | 65 | €199 | €91 | -€108 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,759 | €9,947 | +€31,706 | |
| Profit (loss) for the period | 9904 | -€21,759 | €9,947 | +€31,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,759 | €9,947 | +€31,706 |
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 13 October 2026 via checked.be.