LA MUSE GUEULE: what changed
Two fiscal 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.
LA MUSE GUEULE
Largest movements
- Tangible fixed assets -€19,870
down €19,870 (-13.2%), from €150,856 to €130,986
of which Land and buildings: -€11,464
- Cash -€13,933
down €13,933 (-60.2%), from €23,147 to €9,214
mainly Other debts (-€19,253) and Receivables within one year (-€13,087)
- Receivables within one year +€13,087
up €13,087 (+74.3%), from €17,612 to €30,700
of which Trade receivables: +€10,532
- Other debts -€19,253
down €19,253 (-61.5%), from €31,311 to €12,058
- Debts after one year -€9,318
down €9,318 (-8.1%), from €115,077 to €105,758
- Trade debts +€7,339
up €7,339 (+164.4%), from €4,464 to €11,804
- Tax, wage and social debts -€2,371
down €2,371 (-33.0%), from €7,183 to €4,812
- Gross operating margin -€27,206
down €27,206 (-44.7%), from €60,920 to €33,714
- Depreciation +€2,770
up €2,770 (+15.3%), from €18,144 to €20,913
- Other operating charges +€713
up €713 (+16.7%), from €4,258 to €4,971
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.
Cash bridge derived
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 | €195,249 | €173,395 | -€21,854 | -11.2% |
| Fixed assets | 21/28 | €151,466 | €131,596 | -€19,870 | -13.1% |
| Tangible fixed assets | 22/27 | €150,856 | €130,986 | -€19,870 | -13.2% |
| Land and buildings | 22 | €116,454 | €104,990 | -€11,464 | -9.8% |
| Plant, machinery and equipment | 23 | €4,169 | €3,987 | -€182 | -4.4% |
| Furniture and vehicles | 24 | €30,232 | €22,008 | -€8,224 | -27.2% |
| Financial fixed assets | 28 | €610 | €610 | = | 0.0% |
| Current assets | 29/58 | €43,783 | €41,799 | -€1,984 | -4.5% |
| Amounts receivable within one year | 40/41 | €17,612 | €30,700 | +€13,087 | +74.3% |
| Trade receivables | 40 | €14,493 | €25,025 | +€10,532 | +72.7% |
| Other amounts receivable | 41 | €3,119 | €5,675 | +€2,556 | +81.9% |
| Cash at bank and in hand | 54/58 | €23,147 | €9,214 | -€13,933 | -60.2% |
| Deferred charges and accrued income | 490/1 | €3,023 | €1,885 | -€1,138 | -37.6% |
| Total equity and liabilities | 10/49 | €195,249 | €173,395 | -€21,854 | -11.2% |
| Equity | 10/15 | €27,117 | €28,595 | +€1,478 | +5.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €20,117 | €21,595 | +€1,478 | +7.3% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €15,617 | €17,095 | +€1,478 | +9.5% |
| Amounts payable | 17/49 | €168,132 | €144,800 | -€23,332 | -13.9% |
| Amounts payable after more than one year | 17 | €115,077 | €105,758 | -€9,318 | -8.1% |
| Financial debts | 170/4 | €115,077 | €105,758 | -€9,318 | -8.1% |
| Amounts payable within one year | 42/48 | €53,055 | €39,042 | -€14,014 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €10,097 | €10,367 | +€271 | +2.7% |
| Trade debts | 44 | €4,464 | €11,804 | +€7,339 | +164.4% |
| Suppliers | 440/4 | €4,464 | €11,804 | +€7,339 | +164.4% |
| Taxes, remuneration and social security | 45 | €7,183 | €4,812 | -€2,371 | -33.0% |
| Taxes | 450/3 | €7,183 | €4,812 | -€2,371 | -33.0% |
| Other amounts payable | 47/48 | €31,311 | €12,058 | -€19,253 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,144 | €20,913 | +€2,770 | +15.3% |
| Other operating charges | 640/8 | €4,258 | €4,971 | +€713 | +16.7% |
| Gross operating margin | 9900 | €60,920 | €33,714 | -€27,206 | -44.7% |
| Operating profit (loss) | 9901 | €38,519 | €7,830 | -€30,689 | -79.7% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €4,277 | €4,309 | +€32 | +0.8% |
| Recurring financial charges | 65 | €4,277 | €4,309 | +€32 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €34,249 | €3,521 | -€30,729 | -89.7% |
| Income taxes | 67/77 | €881 | €325 | -€556 | -63.1% |
| Profit (loss) for the period | 9904 | €33,369 | €3,196 | -€30,173 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,369 | €3,196 | -€30,173 | -90.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.