MUS & CO: 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.
MUS & CO
Largest movements
- Tangible fixed assets -€40,362
down €40,362 (-6.4%), from €633,559 to €593,197
of which Land and buildings: -€37,725
- Cash +€35,888
up €35,888 (+168%), from €21,424 to €57,313
mainly Depreciation (+€40,362) and Other debts (+€9,098)
- Debts after one year -€22,383
down €22,383 (-8.8%), from €255,722 to €233,338
of which Financial debts: -€22,383
- Other debts +€9,098
up €9,098 (+8.9%), from €102,663 to €111,760
- Gross operating margin +€11,565
up €11,565 (+21.6%), from €53,550 to €65,115
- Financial charges +€6,573
up €6,573 (+136%), from €4,822 to €11,395
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 | €658,550 | €654,078 | -€4,472 | -0.7% |
| Fixed assets | 21/28 | €633,559 | €593,197 | -€40,362 | -6.4% |
| Tangible fixed assets | 22/27 | €633,559 | €593,197 | -€40,362 | -6.4% |
| Land and buildings | 22 | €611,949 | €574,224 | -€37,725 | -6.2% |
| Plant, machinery and equipment | 23 | €1,883 | €1,415 | -€469 | -24.9% |
| Furniture and vehicles | 24 | €132 | €0 | -€132 | -100% |
| Other tangible fixed assets | 26 | €19,595 | €17,558 | -€2,037 | -10.4% |
| Current assets | 29/58 | €24,992 | €60,881 | +€35,890 | +144% |
| Amounts receivable within one year | 40/41 | €12 | €0 | -€12 | -100% |
| Trade receivables | 40 | €12 | €0 | -€12 | -100% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,424 | €57,313 | +€35,888 | +168% |
| Deferred charges and accrued income | 490/1 | €3,555 | €3,569 | +€13 | +0.4% |
| Total equity and liabilities | 10/49 | €658,550 | €654,078 | -€4,472 | -0.7% |
| Equity | 10/15 | €245,281 | €249,901 | +€4,620 | +1.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €45,950 | €45,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,859 | €15,859 | = | 0.0% |
| Legal reserve | 130 | €15,859 | €15,859 | = | 0.0% |
| Distributable reserves | 133 | €30,092 | €30,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,669 | -€46,049 | +€4,620 | +9.1% |
| Amounts payable | 17/49 | €413,270 | €404,178 | -€9,092 | -2.2% |
| Amounts payable after more than one year | 17 | €255,722 | €233,338 | -€22,383 | -8.8% |
| Financial debts | 170/4 | €251,922 | €229,538 | -€22,383 | -8.9% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €154,421 | €166,871 | +€12,450 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €22,024 | €22,383 | +€359 | +1.6% |
| Trade debts | 44 | €29,398 | €30,392 | +€994 | +3.4% |
| Suppliers | 440/4 | €29,398 | €30,392 | +€994 | +3.4% |
| Taxes, remuneration and social security | 45 | €336 | €2,335 | +€1,999 | +596% |
| Taxes | 450/3 | €336 | €2,335 | +€1,999 | +596% |
| Other amounts payable | 47/48 | €102,663 | €111,760 | +€9,098 | +8.9% |
| Accrued charges and deferred income | 492/3 | €3,127 | €3,968 | +€841 | +26.9% |
| Remuneration, social security and pensions | 62 | €138 | €50 | -€88 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,689 | €40,362 | -€327 | -0.8% |
| Other operating charges | 640/8 | €8,867 | €8,456 | -€411 | -4.6% |
| Gross operating margin | 9900 | €53,550 | €65,115 | +€11,565 | +21.6% |
| Operating profit (loss) | 9901 | €3,856 | €16,247 | +€12,391 | +321% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €4,822 | €11,395 | +€6,573 | +136% |
| Recurring financial charges | 65 | €4,822 | €11,395 | +€6,573 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€966 | €4,876 | +€5,842 | |
| Income taxes | 67/77 | €336 | €256 | -€79 | -23.6% |
| Profit (loss) for the period | 9904 | -€1,302 | €4,620 | +€5,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,302 | €4,620 | +€5,921 |
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 22 October 2026 via checked.be.