HEART MUSIC: what changed
HEART MUSIC
Largest movements
- Cash +€28,906
up €28,906 (+190%), from €15,196 to €44,102
mainly Receivables within one year (+€16,112) and Net result for the year (+€11,295)
- Receivables within one year -€16,112
down €16,112 (-66.8%), from €24,122 to €8,009
of which Trade receivables: -€15,020
- Profit (loss) carried forward +€11,295
up €11,295 (+23.0%), from -€49,149 to -€37,854
- Other debts +€1,295
up €1,295 (+1.9%), from €67,574 to €68,869
- Gross operating margin -€10,845
down €10,845 (-46.3%), from €23,403 to €12,557
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,336 | €53,218 | +€12,882 | +31.9% |
| Current assets | 29/58 | €40,336 | €53,218 | +€12,882 | +31.9% |
| Stocks and contracts in progress | 3 | €965 | €1,053 | +€89 | +9.2% |
| Stocks | 30/36 | €965 | €1,053 | +€89 | +9.2% |
| Amounts receivable within one year | 40/41 | €24,122 | €8,009 | -€16,112 | -66.8% |
| Trade receivables | 40 | €15,705 | €685 | -€15,020 | -95.6% |
| Other amounts receivable | 41 | €8,417 | €7,325 | -€1,092 | -13.0% |
| Cash at bank and in hand | 54/58 | €15,196 | €44,102 | +€28,906 | +190% |
| Deferred charges and accrued income | 490/1 | €54 | €54 | = | 0.0% |
| Total equity and liabilities | 10/49 | €40,336 | €53,218 | +€12,882 | +31.9% |
| Equity | 10/15 | -€28,689 | -€17,394 | +€11,295 | +39.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,149 | -€37,854 | +€11,295 | +23.0% |
| Amounts payable | 17/49 | €69,025 | €70,613 | +€1,588 | +2.3% |
| Amounts payable within one year | 42/48 | €67,730 | €69,248 | +€1,518 | +2.2% |
| Trade debts | 44 | €156 | €126 | -€30 | -19.4% |
| Suppliers | 440/4 | €156 | €126 | -€30 | -19.4% |
| Taxes, remuneration and social security | 45 | - | €254 | +€254 | |
| Taxes | 450/3 | - | €254 | +€254 | |
| Other amounts payable | 47/48 | €67,574 | €68,869 | +€1,295 | +1.9% |
| Accrued charges and deferred income | 492/3 | €1,295 | €1,364 | +€69 | +5.4% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €23,403 | €12,557 | -€10,845 | -46.3% |
| Operating profit (loss) | 9901 | €23,341 | €12,495 | -€10,845 | -46.5% |
| Financial income | 75/76B | €418 | €404 | -€14 | -3.4% |
| Recurring financial income | 75 | €418 | €404 | -€14 | -3.4% |
| Financial charges | 65/66B | €1,527 | €1,605 | +€78 | +5.1% |
| Recurring financial charges | 65 | €1,527 | €1,605 | +€78 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €22,232 | €11,295 | -€10,937 | -49.2% |
| Profit (loss) for the period | 9904 | €22,232 | €11,295 | -€10,937 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,232 | €11,295 | -€10,937 | -49.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.