KLAVIERMEESTER ORCHESTRA: 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.
What changed
KLAVIERMEESTER ORCHESTRA
NACE 47.690, Retail sale of other cultural and recreation goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€60,301
2024 · €28,635+€31,666
Equity
-€35,950
2024 · -€96,251+€60,301
Cash
€20,260
2024 · €7,175+€13,085
Balance sheet total
€1.3m
2024 · €1.4m-€69,284
Largest movements
Assets
- Receivables within one year -€51,963
down €51,963 (-94.4%), from €55,019 to €3,056
- Tangible fixed assets -€37,594
down €37,594 (-5.7%), from €656,027 to €618,433
of which Land and buildings: -€21,088
Equity and liabilities
- Debts after one year -€83,484
down €83,484 (-12.6%), from €660,407 to €576,923
- Profit (loss) carried forward +€60,301
up €60,301 (+41.9%), from -€143,815 to -€83,514
- Trade debts -€37,945
down €37,945 (-10.4%), from €364,820 to €326,875
Income statement
- Financial charges -€20,237
down €20,237 (-41.7%), from €48,541 to €28,305
- Gross operating margin +€9,016
up €9,016 (+4.8%), from €186,029 to €195,045
- Staff costs +€2,890
up €2,890 (+5.7%), from €50,906 to €53,796
- Depreciation -€2,658
down €2,658 (-6.0%), from €44,618 to €41,960
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.
Result 2024
€28,635
Gross operating margin
+€9,016
Staff costs
-€2,890
Depreciation
+€2,658
Other operating charges
-€136
Other operating items
+€2,400
Financial income
+€384
Financial charges
+€20,237
Taxes
-€5
Result 2025
€60,301
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€117,593
Investment
-€14,460
Financing
-€90,048
Cash 2024
€7,175
From operations (derived)
+€117,593
Net result for the year
+€60,301
Depreciation
+€41,960
Stocks and contracts
+€3,039
Receivables within one year
+€51,963
Deferred charges and accrued income
-€134
Trade debts
-€37,945
Tax, wage and social debts
-€10,842
Other debts
+€10,162
Accrued charges and deferred income
-€911
Investment (derived)
-€14,460
Investment in fixed assets (net)
-€4,366
Current investments
-€10,094
Financing
-€90,048
Debts after one year
-€83,484
Current portion of long-term debt
-€6,563
Cash 2025
€20,260
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,377,817 | €1,308,533 | -€69,284 | -5.0% |
| Fixed assets | 21/28 | €656,027 | €618,433 | -€37,594 | -5.7% |
| Tangible fixed assets | 22/27 | €656,027 | €618,433 | -€37,594 | -5.7% |
| Land and buildings | 22 | €445,803 | €424,715 | -€21,088 | -4.7% |
| Plant, machinery and equipment | 23 | €2,781 | €101 | -€2,680 | -96.4% |
| Furniture and vehicles | 24 | €3,713 | €2,224 | -€1,489 | -40.1% |
| Other tangible fixed assets | 26 | €203,730 | €191,393 | -€12,337 | -6.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €721,789 | €690,100 | -€31,690 | -4.4% |
| Stocks and contracts in progress | 3 | €645,537 | €642,498 | -€3,039 | -0.5% |
| Stocks | 30/36 | €645,537 | €642,498 | -€3,039 | -0.5% |
| Amounts receivable within one year | 40/41 | €55,019 | €3,056 | -€51,963 | -94.4% |
| Trade receivables | 40 | €55,019 | €3,056 | -€51,963 | -94.4% |
| Current investments | 50/53 | €10,042 | €20,136 | +€10,094 | +101% |
| Cash at bank and in hand | 54/58 | €7,175 | €20,260 | +€13,085 | +182% |
| Deferred charges and accrued income | 490/1 | €4,016 | €4,150 | +€134 | +3.3% |
| Total equity and liabilities | 10/49 | €1,377,817 | €1,308,533 | -€69,284 | -5.0% |
| Equity | 10/15 | -€96,251 | -€35,950 | +€60,301 | +62.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,964 | €28,964 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €28,964 | €28,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,815 | -€83,514 | +€60,301 | +41.9% |
| Amounts payable | 17/49 | €1,474,068 | €1,344,483 | -€129,584 | -8.8% |
| Amounts payable after more than one year | 17 | €660,407 | €576,923 | -€83,484 | -12.6% |
| Financial debts | 170/4 | €660,407 | €576,923 | -€83,484 | -12.6% |
| Amounts payable within one year | 42/48 | €811,999 | €766,810 | -€45,189 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €330,048 | €323,484 | -€6,563 | -2.0% |
| Trade debts | 44 | €364,820 | €326,875 | -€37,945 | -10.4% |
| Suppliers | 440/4 | €364,820 | €326,875 | -€37,945 | -10.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €32,639 | €21,796 | -€10,842 | -33.2% |
| Taxes | 450/3 | €28,319 | €16,362 | -€11,957 | -42.2% |
| Remuneration and social security | 454/9 | €4,320 | €5,435 | +€1,115 | +25.8% |
| Other amounts payable | 47/48 | €84,493 | €94,655 | +€10,162 | +12.0% |
| Accrued charges and deferred income | 492/3 | €1,661 | €750 | -€911 | -54.9% |
| Remuneration, social security and pensions | 62 | €50,906 | €53,796 | +€2,890 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,618 | €41,960 | -€2,658 | -6.0% |
| Other operating charges | 640/8 | €11,277 | €11,413 | +€136 | +1.2% |
| Non-recurring operating charges | 66A | €2,400 | €0 | -€2,400 | -100% |
| Gross operating margin | 9900 | €186,029 | €195,045 | +€9,016 | +4.8% |
| Operating profit (loss) | 9901 | €76,827 | €87,877 | +€11,050 | +14.4% |
| Financial income | 75/76B | €482 | €866 | +€384 | +79.7% |
| Recurring financial income | 75 | €482 | €866 | +€384 | +79.7% |
| Financial charges | 65/66B | €48,541 | €28,305 | -€20,237 | -41.7% |
| Recurring financial charges | 65 | €48,541 | €28,305 | -€20,237 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | €28,768 | €60,439 | +€31,671 | +110% |
| Income taxes | 67/77 | €133 | €138 | +€5 | +3.4% |
| Profit (loss) for the period | 9904 | €28,635 | €60,301 | +€31,666 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €28,635 | €60,301 | +€31,666 | +111% |
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 26 October 2026 via checked.be.