LA TABLE DE MUS: 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.
LA TABLE DE MUS
Largest movements
- Receivables within one year -€85,199
down €85,199 (-25.7%), from €331,251 to €246,052
of which Trade receivables: -€95,066
- Tangible fixed assets -€18,093
down €18,093 (-23.2%), from €78,086 to €59,993
of which Other tangible fixed assets: -€9,959
- Cash -€13,915
down €13,915 (-24.5%), from €56,785 to €42,870
mainly Trade debts (-€246,633) and Stocks and contracts (-€12,000)
- Stocks and contracts +€12,000
up €12,000 (+401%), from €2,995 to €14,995
- Trade debts -€246,633
down €246,633 (-61.4%), from €401,673 to €155,040
- Profit (loss) carried forward +€78,475
up €78,475 (+33.4%), from €235,210 to €313,685
- Tax, wage and social debts +€57,952
up €57,952 (+82.4%), from €70,321 to €128,273
of which Remuneration and social security: +€37,983
- Staff costs -€99,337
down €99,337 (-44.0%), from €225,637 to €126,300
- Gross operating margin +€65,182
up €65,182 (+34.7%), from €188,018 to €253,200
- Taxes +€18,498
up €18,498 (+1,906%), from €971 to €19,468
- Other operating charges -€8,140
down €8,140 (-68.7%), from €11,848 to €3,708
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 | €769,304 | €664,098 | -€105,207 | -13.7% |
| Fixed assets | 21/28 | €78,274 | €60,180 | -€18,093 | -23.1% |
| Tangible fixed assets | 22/27 | €78,086 | €59,993 | -€18,093 | -23.2% |
| Plant, machinery and equipment | 23 | €4,472 | €3,207 | -€1,265 | -28.3% |
| Furniture and vehicles | 24 | €19,416 | €12,546 | -€6,870 | -35.4% |
| Other tangible fixed assets | 26 | €54,199 | €44,240 | -€9,959 | -18.4% |
| Financial fixed assets | 28 | €188 | €188 | = | 0.0% |
| Current assets | 29/58 | €691,031 | €603,917 | -€87,113 | -12.6% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,995 | €14,995 | +€12,000 | +401% |
| Stocks | 30/36 | €2,995 | €14,995 | +€12,000 | +401% |
| Amounts receivable within one year | 40/41 | €331,251 | €246,052 | -€85,199 | -25.7% |
| Trade receivables | 40 | €218,258 | €123,192 | -€95,066 | -43.6% |
| Other amounts receivable | 41 | €112,993 | €122,860 | +€9,868 | +8.7% |
| Cash at bank and in hand | 54/58 | €56,785 | €42,870 | -€13,915 | -24.5% |
| Total equity and liabilities | 10/49 | €769,304 | €664,098 | -€105,207 | -13.7% |
| Equity | 10/15 | €256,710 | €335,185 | +€78,475 | +30.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Contributions outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Share premium | 1100/10 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,210 | €313,685 | +€78,475 | +33.4% |
| Amounts payable | 17/49 | €512,594 | €328,913 | -€183,681 | -35.8% |
| Amounts payable within one year | 42/48 | €512,594 | €328,913 | -€183,681 | -35.8% |
| Trade debts | 44 | €401,673 | €155,040 | -€246,633 | -61.4% |
| Suppliers | 440/4 | €401,673 | €155,040 | -€246,633 | -61.4% |
| Taxes, remuneration and social security | 45 | €70,321 | €128,273 | +€57,952 | +82.4% |
| Taxes | 450/3 | €24,862 | €44,831 | +€19,969 | +80.3% |
| Remuneration and social security | 454/9 | €45,459 | €83,442 | +€37,983 | +83.6% |
| Other amounts payable | 47/48 | €40,600 | €45,600 | +€5,000 | +12.3% |
| Remuneration, social security and pensions | 62 | €225,637 | €126,300 | -€99,337 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,658 | €23,566 | +€1,908 | +8.8% |
| Other operating charges | 640/8 | €11,848 | €3,708 | -€8,140 | -68.7% |
| Gross operating margin | 9900 | €188,018 | €253,200 | +€65,182 | +34.7% |
| Operating profit (loss) | 9901 | -€71,125 | €99,626 | +€170,751 | |
| Financial income | 75/76B | €7,818 | €6,443 | -€1,376 | -17.6% |
| Recurring financial income | 75 | €7,818 | €6,443 | -€1,376 | -17.6% |
| Financial charges | 65/66B | €9,172 | €8,126 | -€1,046 | -11.4% |
| Recurring financial charges | 65 | €9,172 | €8,126 | -€1,046 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€72,479 | €97,943 | +€170,421 | |
| Income taxes | 67/77 | €971 | €19,468 | +€18,498 | +1,906% |
| Profit (loss) for the period | 9904 | -€73,449 | €78,475 | +€151,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,449 | €78,475 | +€151,924 |
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 27 October 2026 via checked.be.