Chic Music: 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.
Chic Music
Largest movements
- Intangible fixed assets -€189,489
no longer reported in 2024 (was €189,489)
- Receivables within one year +€94,168
up €94,168 (+25.8%), from €364,936 to €459,104
of which Trade receivables: +€93,696
- Tangible fixed assets -€41,868
down €41,868 (-4.4%), from €949,277 to €907,409
of which Land and buildings: -€29,856
- Other debts -€138,599
down €138,599 (-32.4%), from €428,156 to €289,557
- Trade debts -€47,048
down €47,048 (-68.5%), from €68,647 to €21,599
- Profit (loss) carried forward +€46,086
up €46,086 (+1579.4%), from €2,918 to €49,004
- Tax, wage and social debts +€42,721
up €42,721 (+89.9%), from €47,518 to €90,239
- Debts after one year -€41,913
down €41,913 (-36.5%), from €114,682 to €72,769
- Gross operating margin -€750,477
down €750,477 (-82.0%), from €915,766 to €165,289
- Taxes -€23,812
down €23,812 (-50.1%), from €47,518 to €23,705
- Other operating charges +€14,572
up €14,572 (+53.1%), from €27,439 to €42,011
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,605,948 | €1,460,354 | -€145,593 | -9.1% |
| Fixed assets | 21/28 | €1,138,766 | €907,409 | -€231,357 | -20.3% |
| Intangible fixed assets | 21 | €189,489 | - | -€189,489 | |
| Tangible fixed assets | 22/27 | €949,277 | €907,409 | -€41,868 | -4.4% |
| Land and buildings | 22 | €846,225 | €816,369 | -€29,856 | -3.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €103,052 | €91,040 | -€12,012 | -11.7% |
| Current assets | 29/58 | €467,181 | €552,945 | +€85,764 | +18.4% |
| Amounts receivable within one year | 40/41 | €364,936 | €459,104 | +€94,168 | +25.8% |
| Trade receivables | 40 | €158,652 | €252,349 | +€93,696 | +59.1% |
| Other amounts receivable | 41 | €206,283 | €206,755 | +€472 | +0.2% |
| Cash at bank and in hand | 54/58 | €95,182 | €87,885 | -€7,297 | -7.7% |
| Deferred charges and accrued income | 490/1 | €7,064 | €5,956 | -€1,108 | -15.7% |
| Total equity and liabilities | 10/49 | €1,605,948 | €1,460,354 | -€145,593 | -9.1% |
| Equity | 10/15 | €696,890 | €737,365 | +€40,475 | +5.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €631,972 | €626,360 | -€5,611 | -0.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €625,772 | €620,160 | -€5,611 | -0.9% |
| Profit (loss) carried forward | 14 | €2,918 | €49,004 | +€46,086 | +1579.4% |
| Provisions and deferred taxes | 16 | €208,591 | €206,720 | -€1,870 | -0.9% |
| Deferred taxes | 168 | €208,591 | €206,720 | -€1,870 | -0.9% |
| Amounts payable | 17/49 | €700,467 | €516,270 | -€184,198 | -26.3% |
| Amounts payable after more than one year | 17 | €114,682 | €72,769 | -€41,913 | -36.5% |
| Financial debts | 170/4 | €114,682 | €72,769 | -€41,913 | -36.5% |
| Amounts payable within one year | 42/48 | €585,786 | €443,501 | -€142,285 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €41,465 | €42,106 | +€640 | +1.5% |
| Trade debts | 44 | €68,647 | €21,599 | -€47,048 | -68.5% |
| Suppliers | 440/4 | €68,647 | €21,599 | -€47,048 | -68.5% |
| Taxes, remuneration and social security | 45 | €47,518 | €90,239 | +€42,721 | +89.9% |
| Taxes | 450/3 | €47,518 | €90,239 | +€42,721 | +89.9% |
| Other amounts payable | 47/48 | €428,156 | €289,557 | -€138,599 | -32.4% |
| Non-recurring operating income | 76A | €803,160 | €50,000 | -€753,160 | -93.8% |
| Remuneration, social security and pensions | 62 | €6,944 | - | -€6,944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,616 | €57,055 | -€6,561 | -10.3% |
| Other operating charges | 640/8 | €27,439 | €42,011 | +€14,572 | +53.1% |
| Gross operating margin | 9900 | €915,766 | €165,289 | -€750,477 | -82.0% |
| Operating profit (loss) | 9901 | €817,767 | €66,223 | -€751,543 | -91.9% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.8% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.8% |
| Financial charges | 65/66B | €5,165 | €3,914 | -€1,252 | -24.2% |
| Recurring financial charges | 65 | €5,165 | €3,914 | -€1,252 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €812,616 | €62,310 | -€750,306 | -92.3% |
| Transfer from deferred taxes | 780 | €1,870 | €1,870 | = | 0.0% |
| Transfer to deferred taxes | 680 | €165,973 | - | -€165,973 | |
| Income taxes | 67/77 | €47,518 | €23,705 | -€23,812 | -50.1% |
| Profit (loss) for the period | 9904 | €600,995 | €40,475 | -€560,520 | -93.3% |
| Transfer from tax-exempt reserves | 789 | €5,611 | €5,611 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €497,919 | - | -€497,919 | |
| Profit (loss) for the period to be appropriated | 9905 | €108,688 | €46,086 | -€62,601 | -57.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.