DNF 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.
DNF MUSIC
Largest movements
- Tangible fixed assets +€194,360
up €194,360 (+87.4%), from €222,420 to €416,780
of which Plant, machinery and equipment: +€167,173
- Receivables within one year +€19,043
up €19,043 (+11.8%), from €160,734 to €179,777
of which Other amounts receivable: +€43,161
- Debts after one year +€144,305
up €144,305 (+273%), from €52,903 to €197,208
- Trade debts +€52,344
up €52,344 (+92.3%), from €56,705 to €109,049
- Short-term financial debts +€38,817
up €38,817 (+44.6%), from €87,020 to €125,837
- Profit (loss) carried forward -€25,758
down €25,758 (-135%), from -€19,145 to -€44,903
- Tax, wage and social debts -€14,123
down €14,123 (-74.4%), from €18,977 to €4,854
of which Taxes: -€14,721
- Gross operating margin -€69,451
down €69,451 (-25.8%), from €268,991 to €199,540
- Depreciation +€33,808
up €33,808 (+59.9%), from €56,456 to €90,264
- Other operating charges +€33,244
up €33,244 (+268%), from €12,421 to €45,665
- Financial charges +€17,109
up €17,109 (+77.9%), from €21,959 to €39,068
- Staff costs -€14,091
down €14,091 (-21.7%), from €64,988 to €50,897
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,035 | €604,405 | +€210,370 | +53.4% |
| Fixed assets | 21/28 | €222,615 | €418,675 | +€196,060 | +88.1% |
| Tangible fixed assets | 22/27 | €222,420 | €416,780 | +€194,360 | +87.4% |
| Plant, machinery and equipment | 23 | €189,685 | €356,858 | +€167,173 | +88.1% |
| Furniture and vehicles | 24 | €17,005 | €46,016 | +€29,011 | +171% |
| Other tangible fixed assets | 26 | €15,730 | €13,906 | -€1,824 | -11.6% |
| Financial fixed assets | 28 | €195 | €1,895 | +€1,700 | +872% |
| Current assets | 29/58 | €171,420 | €185,730 | +€14,310 | +8.3% |
| Amounts receivable within one year | 40/41 | €160,734 | €179,777 | +€19,043 | +11.8% |
| Trade receivables | 40 | €140,098 | €115,980 | -€24,118 | -17.2% |
| Other amounts receivable | 41 | €20,636 | €63,797 | +€43,161 | +209% |
| Deferred charges and accrued income | 490/1 | €10,686 | €5,953 | -€4,733 | -44.3% |
| Total equity and liabilities | 10/49 | €394,035 | €604,405 | +€210,370 | +53.4% |
| Equity | 10/15 | €104,855 | €79,097 | -€25,758 | -24.6% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,145 | -€44,903 | -€25,758 | -135% |
| Amounts payable | 17/49 | €289,180 | €525,308 | +€236,128 | +81.7% |
| Amounts payable after more than one year | 17 | €52,903 | €197,208 | +€144,305 | +273% |
| Financial debts | 170/4 | €52,903 | €197,208 | +€144,305 | +273% |
| Amounts payable within one year | 42/48 | €236,277 | €326,407 | +€90,130 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €73,575 | €86,667 | +€13,092 | +17.8% |
| Financial debts | 43 | €87,020 | €125,837 | +€38,817 | +44.6% |
| Credit institutions | 430/8 | €87,020 | €125,837 | +€38,817 | +44.6% |
| Trade debts | 44 | €56,705 | €109,049 | +€52,344 | +92.3% |
| Suppliers | 440/4 | €56,705 | €109,049 | +€52,344 | +92.3% |
| Taxes, remuneration and social security | 45 | €18,977 | €4,854 | -€14,123 | -74.4% |
| Taxes | 450/3 | €14,735 | €14 | -€14,721 | -99.9% |
| Remuneration and social security | 454/9 | €4,242 | €4,840 | +€598 | +14.1% |
| Accrued charges and deferred income | 492/3 | - | €1,693 | +€1,693 | |
| Non-recurring operating income | 76A | - | €17,499 | +€17,499 | |
| Remuneration, social security and pensions | 62 | €64,988 | €50,897 | -€14,091 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,456 | €90,264 | +€33,808 | +59.9% |
| Other operating charges | 640/8 | €12,421 | €45,665 | +€33,244 | +268% |
| Gross operating margin | 9900 | €268,991 | €199,540 | -€69,451 | -25.8% |
| Operating profit (loss) | 9901 | €135,126 | €12,714 | -€122,412 | -90.6% |
| Financial income | 75/76B | €1,185 | €1,134 | -€51 | -4.3% |
| Recurring financial income | 75 | €1,185 | €1,134 | -€51 | -4.3% |
| Financial charges | 65/66B | €21,959 | €39,068 | +€17,109 | +77.9% |
| Recurring financial charges | 65 | €21,959 | €39,068 | +€17,109 | +77.9% |
| Profit (loss) for the period before taxes | 9903 | €114,352 | -€25,220 | -€139,572 | |
| Income taxes | 67/77 | €1,140 | €538 | -€602 | -52.8% |
| Profit (loss) for the period | 9904 | €113,212 | -€25,758 | -€138,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €113,212 | -€25,758 | -€138,970 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.