De Muze.: 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.
De Muze.
Largest movements
- Cash -€12,345
down €12,345 (-41.0%), from €30,102 to €17,757
mainly Deferred charges and accrued income (-€10,519) and Net result for the year (-€4,320)
- Deferred charges and accrued income +€10,519
up €10,519 (+71.8%), from €14,658 to €25,177
- Tangible fixed assets -€2,506
down €2,506 (-53.6%), from €4,674 to €2,168
- Profit (loss) carried forward -€4,320
down €4,320 (-32.2%), from -€13,414 to -€17,734
- Gross operating margin -€24,595
down €24,595, from €23,244 to -€1,351
- Purchases and services +€19,554
up €19,554 (+17.4%), from €112,068 to €131,622
- Turnover -€2,696
down €2,696 (-9.5%), from €28,324 to €25,628
- Depreciation +€1,777
up €1,777 (+244%), from €729 to €2,506
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 | €80,216 | €75,132 | -€5,084 | -6.3% |
| Fixed assets | 21/28 | €4,674 | €2,168 | -€2,506 | -53.6% |
| Tangible fixed assets | 22/27 | €4,674 | €2,168 | -€2,506 | -53.6% |
| Furniture and vehicles | 24 | €4,674 | €2,168 | -€2,506 | -53.6% |
| Current assets | 29/58 | €75,542 | €72,963 | -€2,579 | -3.4% |
| Amounts receivable within one year | 40/41 | €30,782 | €30,030 | -€752 | -2.4% |
| Trade receivables | 40 | €2,835 | €2,083 | -€752 | -26.5% |
| Other amounts receivable | 41 | €27,947 | €27,947 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €30,102 | €17,757 | -€12,345 | -41.0% |
| Deferred charges and accrued income | 490/1 | €14,658 | €25,177 | +€10,519 | +71.8% |
| Total equity and liabilities | 10/49 | €80,216 | €75,132 | -€5,084 | -6.3% |
| Equity | 10/15 | €2,952 | -€1,368 | -€4,320 | |
| Reserves | 13 | €16,366 | €16,366 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€13,414 | -€17,734 | -€4,320 | -32.2% |
| Amounts payable | 17/49 | €77,264 | €76,500 | -€764 | -1.0% |
| Amounts payable within one year | 42/48 | €73,000 | €73,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,264 | €3,500 | -€764 | -17.9% |
| Turnover | 70 | €28,324 | €25,628 | -€2,696 | -9.5% |
| Membership fees, donations, legacies and grants | 73 | €97,461 | €104,093 | +€6,632 | +6.8% |
| Non-recurring operating income | 76A | €9,527 | €550 | -€8,977 | -94.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €112,068 | €131,622 | +€19,554 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | €2,506 | +€1,777 | +244% |
| Non-recurring operating charges | 66A | €3,235 | - | -€3,235 | |
| Gross operating margin | 9900 | €23,244 | -€1,351 | -€24,595 | |
| Operating profit (loss) | 9901 | €19,280 | -€3,856 | -€23,136 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €510 | €464 | -€46 | -9.0% |
| Recurring financial charges | 65 | €510 | €464 | -€46 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €18,770 | -€4,320 | -€23,090 | |
| Profit (loss) for the period | 9904 | €18,770 | -€4,320 | -€23,090 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,770 | -€4,320 | -€23,090 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.