MOURY CONSTRUCT: 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.
What changed
MOURY CONSTRUCT
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27.4m
2024 · €15.5m+€11.9m
Equity
€76.2m
2024 · €57.3m+€18.9m
Cash
€8.9m
2024 · €2.3m+€6.5m
Balance sheet total
€85.3m
2024 · €64.8m+€20.5m
Largest movements
Assets
- Current investments +€13.8m
up €13.8m (+51.3%), from €26.9m to €40.8m
of which Other investments: +€13.3m
- Cash +€6.5m
up €6.5m (+281%), from €2.3m to €8.9m
mainly Net result for the year (+€27.4m) and Other debts (+€1.7m)
Equity and liabilities
- Profit (loss) carried forward +€18.4m
up €18.4m (+64.6%), from €28.4m to €46.7m
- Other debts +€1.7m
up €1.7m (+22.4%), from €7.4m to €9.0m
Income statement
- Financial income +€12.4m
up €12.4m (+77.7%), from €16.0m to €28.4m
- Taxes +€635,570
up €635,570 (+450%), from €141,352 to €776,922
of which Taxes: +€628,862
- Financial charges -€167,255
down €167,255 (-63.5%), from €263,507 to €96,251
- Goods and materials +€13,871
up €13,871 (+1,158%), from €1,198 to €15,069
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.
Result 2024
€15.5m
Turnover
+€2,084
Goods and materials
-€13,871
Services and other goods
+€1,858
Staff costs
-€486
Other operating charges
+€932
Financial income
+€12.4m
Financial charges
+€167,255
Taxes
-€635,570
Result 2025
€27.4m
raises the resultlowers the result
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.
From operations
+€29.0m
Investment
-€13.8m
Financing
-€8.6m
Cash 2024
€2.3m
From operations (derived)
+€29.0m
Net result for the year
+€27.4m
Depreciation
+€1,674
Smaller working-capital items
-€14,166
Deferred charges and accrued income
-€131,596
Other debts
+€1.7m
Investment (derived)
-€13.8m
Investment in fixed assets (net)
-€24,503
Current investments
-€13.8m
Financing
-€8.6m
Contributions, distributions and other
-€8.6m
Cash 2025
€8.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,799,712 | €85,349,318 | +€20.5m | +31.7% |
| Fixed assets | 21/28 | €35,211,658 | €35,234,487 | +€22,829 | +0.1% |
| Tangible fixed assets | 22/27 | €23,498 | €21,824 | -€1,674 | -7.1% |
| Land and buildings | 22 | €23,498 | €21,824 | -€1,674 | -7.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €35,188,160 | €35,212,663 | +€24,503 | +0.1% |
| Affiliated companies | 280/1 | €35,067,842 | €35,067,842 | = | 0.0% |
| Participating interests | 280 | €35,067,842 | €35,067,842 | = | 0.0% |
| Other financial fixed assets | 284/8 | €120,318 | €144,821 | +€24,503 | +20.4% |
| Shares | 284 | €120,318 | €144,821 | +€24,503 | +20.4% |
| Current assets | 29/58 | €29,588,055 | €50,114,831 | +€20.5m | +69.4% |
| Amounts receivable within one year | 40/41 | €315,896 | €352,160 | +€36,264 | +11.5% |
| Trade receivables | 40 | €241,188 | €219,852 | -€21,336 | -8.8% |
| Other amounts receivable | 41 | €74,708 | €132,308 | +€57,600 | +77.1% |
| Current investments | 50/53 | €26,943,004 | €40,752,157 | +€13.8m | +51.3% |
| Own shares | 50 | €1,169,699 | €1,692,799 | +€523,100 | +44.7% |
| Other investments | 51/53 | €25,773,305 | €39,059,358 | +€13.3m | +51.5% |
| Cash at bank and in hand | 54/58 | €2,327,847 | €8,877,611 | +€6.5m | +281% |
| Deferred charges and accrued income | 490/1 | €1,307 | €132,903 | +€131,596 | +10,067% |
| Total equity and liabilities | 10/49 | €64,799,712 | €85,349,318 | +€20.5m | +31.7% |
| Equity | 10/15 | €57,345,353 | €76,220,562 | +€18.9m | +32.9% |
| Contributions | 10/11 | €25,244,700 | €25,244,700 | = | 0.0% |
| Capital | 10 | €25,244,700 | €25,244,700 | = | 0.0% |
| Issued capital | 100 | €25,244,700 | €25,244,700 | = | 0.0% |
| Reserves | 13 | €3,707,527 | €4,229,814 | +€522,287 | +14.1% |
| Non-distributable reserves | 130/1 | €3,694,169 | €4,217,269 | +€523,100 | +14.2% |
| Legal reserve | 130 | €2,524,470 | €2,524,470 | = | 0.0% |
| Own shares acquired | 1312 | €1,169,699 | €1,692,799 | +€523,100 | +44.7% |
| Tax-exempt reserves | 132 | €8,400 | €7,587 | -€813 | -9.7% |
| Distributable reserves | 133 | €4,958 | €4,958 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,393,126 | €46,746,048 | +€18.4m | +64.6% |
| Provisions and deferred taxes | 16 | €4,326 | €3,907 | -€419 | -9.7% |
| Deferred taxes | 168 | €4,326 | €3,907 | -€419 | -9.7% |
| Amounts payable | 17/49 | €7,450,033 | €9,124,849 | +€1.7m | +22.5% |
| Amounts payable after more than one year | 17 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 178/9 | €2,200 | €2,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,447,591 | €9,122,649 | +€1.7m | +22.5% |
| Trade debts | 44 | €48,384 | €75,237 | +€26,853 | +55.5% |
| Suppliers | 440/4 | €48,384 | €75,237 | +€26,853 | +55.5% |
| Taxes, remuneration and social security | 45 | €25,718 | €21,624 | -€4,094 | -15.9% |
| Taxes | 450/3 | €10,711 | €13,388 | +€2,677 | +25.0% |
| Remuneration and social security | 454/9 | €15,008 | €8,237 | -€6,771 | -45.1% |
| Other amounts payable | 47/48 | €7,373,488 | €9,025,788 | +€1.7m | +22.4% |
| Accrued charges and deferred income | 492/3 | €242 | €0 | -€242 | -100% |
| Operating income | 70/76A | €543,419 | €545,503 | +€2,084 | +0.4% |
| Turnover | 70 | €543,419 | €545,503 | +€2,084 | +0.4% |
| Operating charges | 60/66A | €605,127 | €616,694 | +€11,567 | +1.9% |
| Goods for resale, raw materials and consumables | 60 | €1,198 | €15,069 | +€13,871 | +1,158% |
| Purchases | 600/8 | €1,198 | €15,069 | +€13,871 | +1,158% |
| Services and other goods | 61 | €534,704 | €532,845 | -€1,858 | -0.3% |
| Remuneration, social security and pensions | 62 | €66,295 | €66,781 | +€486 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,674 | €1,674 | = | 0.0% |
| Other operating charges | 640/8 | €1,256 | €324 | -€932 | -74.2% |
| Operating profit (loss) | 9901 | -€61,709 | -€71,191 | -€9,482 | -15.4% |
| Financial income | 75/76B | €15,977,789 | €28,391,305 | +€12.4m | +77.7% |
| Recurring financial income | 75 | €15,977,789 | €28,391,305 | +€12.4m | +77.7% |
| Income from financial fixed assets | 750 | €15,249,417 | €24,749,073 | +€9.5m | +62.3% |
| Income from current assets | 751 | €481,671 | €927,454 | +€445,783 | +92.5% |
| Other financial income | 752/9 | €246,701 | €2,714,778 | +€2.5m | +1,000% |
| Financial charges | 65/66B | €263,507 | €96,251 | -€167,255 | -63.5% |
| Recurring financial charges | 65 | €263,507 | €96,251 | -€167,255 | -63.5% |
| Debt charges | 650 | €6,894 | €6,598 | -€296 | -4.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €129,977 | -€453,916 | -€583,893 | |
| Other financial charges | 652/9 | €126,636 | €543,569 | +€416,934 | +329% |
| Profit (loss) for the period before taxes | 9903 | €15,652,574 | €28,223,863 | +€12.6m | +80.3% |
| Transfer from deferred taxes | 780 | €419 | €419 | = | 0.0% |
| Income taxes | 67/77 | €141,352 | €776,922 | +€635,570 | +450% |
| Taxes | 670/3 | €148,061 | €776,922 | +€628,862 | +425% |
| Tax adjustments and reversals of tax provisions | 77 | €6,708 | - | -€6,708 | |
| Profit (loss) for the period | 9904 | €15,511,640 | €27,447,360 | +€11.9m | +76.9% |
| Transfer from tax-exempt reserves | 789 | €813 | €813 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,512,453 | €27,448,173 | +€11.9m | +76.9% |
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 1 November 2026 via checked.be.