MASTER 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.
MASTER MUSIC
Largest movements
- Receivables within one year -€2,000
down €2,000 (-1.9%), from €105,000 to €103,000
of which Trade receivables: -€5,000
- Other debts -€2,001
down €2,001 (-1.9%), from €105,154 to €103,153
- Financial income -€1,000
down €1,000 (-25.0%), from €4,000 to €3,000
- Taxes -€292
down €292 (-34.7%), from €842 to €550
- Gross operating margin -€14
down €14 (-3.1%), from -€451 to -€465
- Financial charges +€13
up €13 (+7.7%), from €168 to €181
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 | €159,531 | €158,429 | -€1,102 | -0.7% |
| Fixed assets | 21/28 | €26,000 | €26,000 | = | 0.0% |
| Financial fixed assets | 28 | €26,000 | €26,000 | = | 0.0% |
| Current assets | 29/58 | €133,531 | €132,429 | -€1,102 | -0.8% |
| Amounts receivable within one year | 40/41 | €105,000 | €103,000 | -€2,000 | -1.9% |
| Trade receivables | 40 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 41 | €100,000 | €103,000 | +€3,000 | +3.0% |
| Cash at bank and in hand | 54/58 | €28,531 | €29,429 | +€898 | +3.1% |
| Total equity and liabilities | 10/49 | €159,531 | €158,429 | -€1,102 | -0.7% |
| Equity | 10/15 | €53,216 | €54,726 | +€1,510 | +2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,765 | €34,275 | +€1,510 | +4.6% |
| Amounts payable | 17/49 | €106,315 | €103,703 | -€2,612 | -2.5% |
| Amounts payable within one year | 42/48 | €106,315 | €103,703 | -€2,612 | -2.5% |
| Trade debts | 44 | €319 | - | -€319 | |
| Suppliers | 440/4 | €319 | - | -€319 | |
| Taxes, remuneration and social security | 45 | €842 | €550 | -€292 | -34.7% |
| Taxes | 450/3 | €842 | €550 | -€292 | -34.7% |
| Other amounts payable | 47/48 | €105,154 | €103,153 | -€2,001 | -1.9% |
| Other operating charges | 640/8 | €291 | €294 | +€3 | +1.0% |
| Gross operating margin | 9900 | -€451 | -€465 | -€14 | -3.1% |
| Operating profit (loss) | 9901 | -€742 | -€759 | -€17 | -2.3% |
| Financial income | 75/76B | €4,000 | €3,000 | -€1,000 | -25.0% |
| Recurring financial income | 75 | €4,000 | €3,000 | -€1,000 | -25.0% |
| Financial charges | 65/66B | €168 | €181 | +€13 | +7.7% |
| Recurring financial charges | 65 | €168 | €181 | +€13 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €3,090 | €2,060 | -€1,030 | -33.3% |
| Income taxes | 67/77 | €842 | €550 | -€292 | -34.7% |
| Profit (loss) for the period | 9904 | €2,248 | €1,510 | -€738 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,248 | €1,510 | -€738 | -32.8% |
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 18 October 2026 via checked.be.