Mozart: 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.
Mozart
Largest movements
- Tangible fixed assets -€82,994
down €82,994 (-9.9%), from €836,420 to €753,425
- Current investments +€26,500
up €26,500 (+7.0%), from €380,000 to €406,500
- Cash +€13,730
up €13,730 (+46.7%), from €29,404 to €43,134
mainly Depreciation (+€70,013) and Investment in fixed assets (net) (+€12,982)
- Other debts -€30,000
down €30,000 (-100%), from €30,000 to €0
- Reserves -€24,635
down €24,635 (-2.1%), from €1.1m to €1.1m
of which Tax-exempt reserves: -€18,713
- Gross operating margin -€303,279
down €303,279 (-69.3%), from €437,787 to €134,508
- Staff costs -€230,985
down €230,985 (-72.6%), from €318,325 to €87,341
- Depreciation -€11,983
down €11,983 (-14.6%), from €81,996 to €70,013
- Financial charges -€5,815
down €5,815 (-79.4%), from €7,321 to €1,506
- Financial income -€5,584
down €5,584 (-45.0%), from €12,422 to €6,838
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 | €1,316,412 | €1,260,958 | -€55,454 | -4.2% |
| Fixed assets | 21/28 | €836,420 | €753,425 | -€82,994 | -9.9% |
| Tangible fixed assets | 22/27 | €836,420 | €753,425 | -€82,994 | -9.9% |
| Land and buildings | 22 | €715,376 | €678,278 | -€37,098 | -5.2% |
| Plant, machinery and equipment | 23 | €58,492 | €44,857 | -€13,635 | -23.3% |
| Furniture and vehicles | 24 | €62,552 | €30,291 | -€32,262 | -51.6% |
| Current assets | 29/58 | €479,993 | €507,533 | +€27,540 | +5.7% |
| Stocks and contracts in progress | 3 | €16,139 | €13,236 | -€2,903 | -18.0% |
| Stocks | 30/36 | €16,139 | €13,236 | -€2,903 | -18.0% |
| Amounts receivable within one year | 40/41 | €46,508 | €34,729 | -€11,779 | -25.3% |
| Trade receivables | 40 | €5,891 | €25,173 | +€19,282 | +327% |
| Other amounts receivable | 41 | €40,617 | €9,557 | -€31,060 | -76.5% |
| Current investments | 50/53 | €380,000 | €406,500 | +€26,500 | +7.0% |
| Cash at bank and in hand | 54/58 | €29,404 | €43,134 | +€13,730 | +46.7% |
| Deferred charges and accrued income | 490/1 | €7,941 | €9,934 | +€1,993 | +25.1% |
| Total equity and liabilities | 10/49 | €1,316,412 | €1,260,958 | -€55,454 | -4.2% |
| Equity | 10/15 | €1,186,327 | €1,161,692 | -€24,635 | -2.1% |
| Contributions | 10/11 | €37,100 | €37,100 | = | 0.0% |
| Reserves | 13 | €1,149,227 | €1,124,592 | -€24,635 | -2.1% |
| Non-distributable reserves | 130/1 | €3,710 | €3,710 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,710 | €3,710 | = | 0.0% |
| Tax-exempt reserves | 132 | €216,024 | €197,311 | -€18,713 | -8.7% |
| Distributable reserves | 133 | €929,493 | €923,571 | -€5,922 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €72,008 | €65,770 | -€6,238 | -8.7% |
| Deferred taxes | 168 | €72,008 | €65,770 | -€6,238 | -8.7% |
| Amounts payable | 17/49 | €58,077 | €33,496 | -€24,582 | -42.3% |
| Amounts payable within one year | 42/48 | €55,905 | €26,795 | -€29,111 | -52.1% |
| Trade debts | 44 | €3,305 | €7,737 | +€4,432 | +134% |
| Suppliers | 440/4 | €3,305 | €7,737 | +€4,432 | +134% |
| Advances received on contracts in progress | 46 | €1,486 | €141 | -€1,345 | -90.5% |
| Taxes, remuneration and social security | 45 | €21,114 | €18,917 | -€2,198 | -10.4% |
| Taxes | 450/3 | €358 | €12,099 | +€11,741 | +3,278% |
| Remuneration and social security | 454/9 | €20,756 | €6,818 | -€13,939 | -67.2% |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100% |
| Accrued charges and deferred income | 492/3 | €2,172 | €6,701 | +€4,529 | +209% |
| Non-recurring operating income | 76A | - | €38,403 | +€38,403 | |
| Remuneration, social security and pensions | 62 | €318,325 | €87,341 | -€230,985 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,996 | €70,013 | -€11,983 | -14.6% |
| Other operating charges | 640/8 | €12,409 | €12,657 | +€248 | +2.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €437,787 | €134,508 | -€303,279 | -69.3% |
| Operating profit (loss) | 9901 | €25,056 | -€35,503 | -€60,559 | |
| Financial income | 75/76B | €12,422 | €6,838 | -€5,584 | -45.0% |
| Recurring financial income | 75 | €12,422 | €6,838 | -€5,584 | -45.0% |
| Financial charges | 65/66B | €7,321 | €1,506 | -€5,815 | -79.4% |
| Recurring financial charges | 65 | €7,321 | €1,506 | -€5,815 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €30,158 | -€30,171 | -€60,329 | |
| Transfer from deferred taxes | 780 | €5,238 | €6,238 | +€1,000 | +19.1% |
| Income taxes | 67/77 | €6,035 | €702 | -€5,333 | -88.4% |
| Profit (loss) for the period | 9904 | €29,361 | -€24,635 | -€53,996 | |
| Transfer from tax-exempt reserves | 789 | €15,714 | €18,713 | +€2,999 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,075 | -€5,922 | -€50,997 |
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 15 October 2026 via checked.be.