DO IT WITH 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.
DO IT WITH MUSIC
Largest movements
- Receivables within one year +€30,766
up €30,766 (+54.1%), from €56,851 to €87,616
of which Trade receivables: +€20,873
- Tangible fixed assets +€1,069
up €1,069 (+76.2%), from €1,403 to €2,473
- Deferred charges and accrued income +€1,057
up €1,057 (+272%), from €388 to €1,445
- Other debts +€23,000
new in 2025: €23,000
- Trade debts +€10,201
up €10,201 (+97.8%), from €10,426 to €20,628
- Tax, wage and social debts +€9,538
up €9,538 (+3,116%), from €306 to €9,844
of which Taxes: +€9,842
- Reserves -€9,000
down €9,000 (-22.0%), from €40,860 to €31,860
- Current portion of long-term debt -€1,078
down €1,078 (-77.5%), from €1,390 to €312
- Gross operating margin +€2,315
up €2,315 (+14.2%), from €16,250 to €18,565
- Taxes +€1,455
up €1,455 (+51.8%), from €2,806 to €4,261
- Financial charges -€484
down €484 (-24.2%), from €2,000 to €1,516
- Depreciation -€346
down €346 (-33.4%), from €1,036 to €690
- Other operating charges +€218
up €218 (+37.7%), from €578 to €795
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 | €59,769 | €92,675 | +€32,906 | +55.1% |
| Fixed assets | 21/28 | €2,183 | €3,253 | +€1,069 | +49.0% |
| Tangible fixed assets | 22/27 | €1,403 | €2,473 | +€1,069 | +76.2% |
| Furniture and vehicles | 24 | €1,403 | €2,473 | +€1,069 | +76.2% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €57,585 | €89,422 | +€31,837 | +55.3% |
| Amounts receivable within one year | 40/41 | €56,851 | €87,616 | +€30,766 | +54.1% |
| Trade receivables | 40 | €2,639 | €23,512 | +€20,873 | +791% |
| Other amounts receivable | 41 | €54,211 | €64,104 | +€9,893 | +18.2% |
| Cash at bank and in hand | 54/58 | €347 | €361 | +€14 | +4.0% |
| Deferred charges and accrued income | 490/1 | €388 | €1,445 | +€1,057 | +272% |
| Total equity and liabilities | 10/49 | €59,769 | €92,675 | +€32,906 | +55.1% |
| Equity | 10/15 | €47,646 | €38,670 | -€8,976 | -18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,860 | €31,860 | -€9,000 | -22.0% |
| Distributable reserves | 133 | €40,860 | €31,860 | -€9,000 | -22.0% |
| Profit (loss) carried forward | 14 | €586 | €610 | +€24 | +4.1% |
| Amounts payable | 17/49 | €12,122 | €54,005 | +€41,883 | +345% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €12,122 | €53,784 | +€41,662 | +344% |
| Current portion of amounts payable after more than one year | 42 | €1,390 | €312 | -€1,078 | -77.5% |
| Trade debts | 44 | €10,426 | €20,628 | +€10,201 | +97.8% |
| Suppliers | 440/4 | €10,426 | €20,628 | +€10,201 | +97.8% |
| Taxes, remuneration and social security | 45 | €306 | €9,844 | +€9,538 | +3,116% |
| Taxes | 450/3 | €2 | €9,844 | +€9,842 | +473,177% |
| Remuneration and social security | 454/9 | €304 | €0 | -€304 | -100% |
| Other amounts payable | 47/48 | - | €23,000 | +€23,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €221 | +€221 | |
| Non-recurring operating income | 76A | - | €390 | +€390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,036 | €690 | -€346 | -33.4% |
| Other operating charges | 640/8 | €578 | €795 | +€218 | +37.7% |
| Non-recurring operating charges | 66A | €1,608 | €0 | -€1,608 | -100% |
| Gross operating margin | 9900 | €16,250 | €18,565 | +€2,315 | +14.2% |
| Operating profit (loss) | 9901 | €13,028 | €17,080 | +€4,051 | +31.1% |
| Financial income | 75/76B | €2,583 | €2,722 | +€139 | +5.4% |
| Recurring financial income | 75 | €2,583 | €2,722 | +€139 | +5.4% |
| Financial charges | 65/66B | €2,000 | €1,516 | -€484 | -24.2% |
| Recurring financial charges | 65 | €2,000 | €1,516 | -€484 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €13,611 | €18,285 | +€4,674 | +34.3% |
| Income taxes | 67/77 | €2,806 | €4,261 | +€1,455 | +51.8% |
| Profit (loss) for the period | 9904 | €10,804 | €14,024 | +€3,220 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,804 | €14,024 | +€3,220 | +29.8% |
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 26 October 2026 via checked.be.