CLOSE 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.
CLOSE MUSIC
Largest movements
- Cash -€20,018
down €20,018 (-80.0%), from €25,014 to €4,997
mainly Receivables within one year (-€10,145) and Net result for the year (-€9,706)
- Receivables within one year +€10,145
up €10,145 (+10.1%), from €100,509 to €110,654
- Reserves -€9,706
down €9,706 (-9.5%), from €102,345 to €92,639
- Gross operating margin +€2,390
up €2,390 (+20.5%), from -€11,684 to -€9,294
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 | €125,523 | €115,650 | -€9,873 | -7.9% |
| Current assets | 29/58 | €125,523 | €115,650 | -€9,873 | -7.9% |
| Amounts receivable within one year | 40/41 | €100,509 | €110,654 | +€10,145 | +10.1% |
| Other amounts receivable | 41 | €100,509 | €110,654 | +€10,145 | +10.1% |
| Cash at bank and in hand | 54/58 | €25,014 | €4,997 | -€20,018 | -80.0% |
| Total equity and liabilities | 10/49 | €125,523 | €115,650 | -€9,873 | -7.9% |
| Equity | 10/15 | €120,937 | €111,231 | -€9,706 | -8.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €102,345 | €92,639 | -€9,706 | -9.5% |
| Distributable reserves | 133 | €102,345 | €92,639 | -€9,706 | -9.5% |
| Amounts payable | 17/49 | €4,586 | €4,419 | -€166 | -3.6% |
| Amounts payable within one year | 42/48 | €4,586 | €4,419 | -€166 | -3.6% |
| Trade debts | 44 | €4,586 | €4,419 | -€166 | -3.6% |
| Suppliers | 440/4 | €4,586 | €4,419 | -€166 | -3.6% |
| Non-recurring operating income | 76A | - | €398 | +€398 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€11,684 | -€9,294 | +€2,390 | +20.5% |
| Operating profit (loss) | 9901 | -€12,072 | -€9,694 | +€2,378 | +19.7% |
| Financial income | 75/76B | €76 | €153 | +€77 | +102% |
| Recurring financial income | 75 | €76 | €153 | +€77 | +102% |
| Financial charges | 65/66B | €150 | €165 | +€15 | +10.2% |
| Recurring financial charges | 65 | €150 | €165 | +€15 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,146 | -€9,706 | +€2,440 | +20.1% |
| Profit (loss) for the period | 9904 | -€12,146 | -€9,706 | +€2,440 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,146 | -€9,706 | +€2,440 | +20.1% |
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 30 October 2026 via checked.be.