Muradent: what changed
Muradent
Largest movements
- Receivables after one year +€175,000
new in 2025: €175,000
- Cash -€33,134
down €33,134 (-49.2%), from €67,375 to €34,241
mainly Receivables after one year (-€175,000) and Debts after one year (-€10,839)
- Tangible fixed assets -€13,509
down €13,509 (-23.7%), from €56,960 to €43,451
- Receivables within one year -€6,431
down €6,431 (-27.5%), from €23,417 to €16,986
of which Other amounts receivable: -€10,751
- Profit (loss) carried forward +€101,617
up €101,617 (+132%), from €77,057 to €178,674
- Tax, wage and social debts +€28,018
up €28,018 (+143%), from €19,641 to €47,659
- Debts after one year -€10,839
down €10,839 (-28.6%), from €37,860 to €27,021
- Gross operating margin +€38,207
up €38,207 (+35.7%), from €107,107 to €145,315
- Taxes +€8,376
up €8,376 (+42.6%), from €19,641 to €28,018
- Depreciation +€4,533
up €4,533 (+50.5%), from €8,976 to €13,509
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,752 | €269,679 | +€121,926 | +82.5% |
| Fixed assets | 21/28 | €56,960 | €43,451 | -€13,509 | -23.7% |
| Tangible fixed assets | 22/27 | €56,960 | €43,451 | -€13,509 | -23.7% |
| Furniture and vehicles | 24 | €56,960 | €43,451 | -€13,509 | -23.7% |
| Current assets | 29/58 | €90,792 | €226,227 | +€135,435 | +149% |
| Amounts receivable after more than one year | 29 | - | €175,000 | +€175,000 | |
| Other amounts receivable | 291 | - | €175,000 | +€175,000 | |
| Amounts receivable within one year | 40/41 | €23,417 | €16,986 | -€6,431 | -27.5% |
| Trade receivables | 40 | €12,666 | €16,986 | +€4,320 | +34.1% |
| Other amounts receivable | 41 | €10,751 | - | -€10,751 | |
| Cash at bank and in hand | 54/58 | €67,375 | €34,241 | -€33,134 | -49.2% |
| Total equity and liabilities | 10/49 | €147,752 | €269,679 | +€121,926 | +82.5% |
| Equity | 10/15 | €79,557 | €181,174 | +€101,617 | +128% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,057 | €178,674 | +€101,617 | +132% |
| Amounts payable | 17/49 | €68,195 | €88,504 | +€20,310 | +29.8% |
| Amounts payable after more than one year | 17 | €37,860 | €27,021 | -€10,839 | -28.6% |
| Financial debts | 170/4 | €37,860 | €27,021 | -€10,839 | -28.6% |
| Amounts payable within one year | 42/48 | €30,334 | €61,483 | +€31,149 | +103% |
| Current portion of amounts payable after more than one year | 42 | €10,419 | €10,839 | +€420 | +4.0% |
| Trade debts | 44 | €274 | €978 | +€704 | +257% |
| Suppliers | 440/4 | €274 | €978 | +€704 | +257% |
| Taxes, remuneration and social security | 45 | €19,641 | €47,659 | +€28,018 | +143% |
| Taxes | 450/3 | €19,641 | €47,659 | +€28,018 | +143% |
| Other amounts payable | 47/48 | - | €2,007 | +€2,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,976 | €13,509 | +€4,533 | +50.5% |
| Other operating charges | 640/8 | €50 | €240 | +€190 | +380% |
| Gross operating margin | 9900 | €107,107 | €145,315 | +€38,207 | +35.7% |
| Operating profit (loss) | 9901 | €98,081 | €131,566 | +€33,485 | +34.1% |
| Financial charges | 65/66B | €1,383 | €1,932 | +€549 | +39.7% |
| Recurring financial charges | 65 | €1,383 | €1,932 | +€549 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €96,699 | €129,634 | +€32,936 | +34.1% |
| Income taxes | 67/77 | €19,641 | €28,018 | +€8,376 | +42.6% |
| Profit (loss) for the period | 9904 | €77,057 | €101,617 | +€24,559 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,057 | €101,617 | +€24,559 | +31.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.