MUSE ACCOUNTANCY: 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.
MUSE ACCOUNTANCY
Largest movements
- Cash +€18,974
up €18,974 (+61.3%), from €30,933 to €49,907
mainly Net result for the year (+€22,080) and Tax, wage and social debts (+€5,025)
- Deferred charges and accrued income +€7,306
up €7,306 (+418%), from €1,746 to €9,052
- Tangible fixed assets +€6,043
up €6,043 (+454%), from €1,331 to €7,374
- Receivables within one year -€993
down €993 (-8.1%), from €12,192 to €11,199
- Reserves +€22,080
up €22,080 (+111%), from €19,867 to €41,947
- Tax, wage and social debts +€5,025
up €5,025 (+36.9%), from €13,612 to €18,637
- Other debts +€1,547
up €1,547 (+23.0%), from €6,738 to €8,285
- Debts after one year +€1,368
new in 2025: €1,368
- Current portion of long-term debt +€1,125
new in 2025: €1,125
- Gross operating margin +€3,164
up €3,164 (+10.7%), from €29,462 to €32,627
- Taxes +€855
up €855 (+16.2%), from €5,291 to €6,146
- Depreciation +€400
up €400 (+23.7%), from €1,684 to €2,083
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 | €46,202 | €77,533 | +€31,330 | +67.8% |
| Fixed assets | 21/28 | €1,331 | €7,374 | +€6,043 | +454% |
| Tangible fixed assets | 22/27 | €1,331 | €7,374 | +€6,043 | +454% |
| Furniture and vehicles | 24 | €1,331 | €7,374 | +€6,043 | +454% |
| Current assets | 29/58 | €44,872 | €70,159 | +€25,287 | +56.4% |
| Amounts receivable within one year | 40/41 | €12,192 | €11,199 | -€993 | -8.1% |
| Trade receivables | 40 | €12,192 | €11,199 | -€993 | -8.1% |
| Cash at bank and in hand | 54/58 | €30,933 | €49,907 | +€18,974 | +61.3% |
| Deferred charges and accrued income | 490/1 | €1,746 | €9,052 | +€7,306 | +418% |
| Total equity and liabilities | 10/49 | €46,202 | €77,533 | +€31,330 | +67.8% |
| Equity | 10/15 | €24,867 | €46,947 | +€22,080 | +88.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,867 | €41,947 | +€22,080 | +111% |
| Distributable reserves | 133 | €19,867 | €41,947 | +€22,080 | +111% |
| Amounts payable | 17/49 | €21,336 | €30,586 | +€9,250 | +43.4% |
| Amounts payable after more than one year | 17 | - | €1,368 | +€1,368 | |
| Financial debts | 170/4 | - | €1,368 | +€1,368 | |
| Amounts payable within one year | 42/48 | €21,336 | €28,766 | +€7,430 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,125 | +€1,125 | |
| Trade debts | 44 | €986 | €719 | -€268 | -27.1% |
| Suppliers | 440/4 | €986 | €719 | -€268 | -27.1% |
| Taxes, remuneration and social security | 45 | €13,612 | €18,637 | +€5,025 | +36.9% |
| Taxes | 450/3 | €13,612 | €18,637 | +€5,025 | +36.9% |
| Other amounts payable | 47/48 | €6,738 | €8,285 | +€1,547 | +23.0% |
| Accrued charges and deferred income | 492/3 | - | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,684 | €2,083 | +€400 | +23.7% |
| Other operating charges | 640/8 | €382 | €300 | -€82 | -21.5% |
| Gross operating margin | 9900 | €29,462 | €32,627 | +€3,164 | +10.7% |
| Operating profit (loss) | 9901 | €27,396 | €30,243 | +€2,847 | +10.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,239 | €2,018 | -€221 | -9.9% |
| Recurring financial charges | 65 | €2,239 | €2,018 | -€221 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €25,157 | €28,226 | +€3,068 | +12.2% |
| Income taxes | 67/77 | €5,291 | €6,146 | +€855 | +16.2% |
| Profit (loss) for the period | 9904 | €19,867 | €22,080 | +€2,213 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,867 | €22,080 | +€2,213 | +11.1% |
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 30 October 2026 via checked.be.