MUSEAL: 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.
MUSEAL
Largest movements
- Cash +€31,059
up €31,059 (+169%), from €18,413 to €49,472
mainly Depreciation (+€18,660) and Net result for the year (+€11,555)
- Tangible fixed assets -€18,660
down €18,660 (-28.8%), from €64,894 to €46,234
- Profit (loss) carried forward +€11,555
up €11,555 (+61.7%), from €18,737 to €30,292
- Other debts +€3,159
up €3,159 (+5.5%), from €57,092 to €60,251
- Financial income +€2,784
up €2,784 (+520%), from €535 to €3,319
- Taxes +€784
up €784 (+25.6%), from €3,068 to €3,852
- Financial charges -€389
down €389 (-8.3%), from €4,670 to €4,282
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 | €178,402 | €192,729 | +€14,327 | +8.0% |
| Fixed assets | 21/28 | €64,894 | €46,234 | -€18,660 | -28.8% |
| Tangible fixed assets | 22/27 | €64,894 | €46,234 | -€18,660 | -28.8% |
| Land and buildings | 22 | €64,894 | €46,234 | -€18,660 | -28.8% |
| Current assets | 29/58 | €113,508 | €146,495 | +€32,987 | +29.1% |
| Amounts receivable within one year | 40/41 | €95 | €239 | +€144 | +152% |
| Other amounts receivable | 41 | €95 | €239 | +€144 | +152% |
| Current investments | 50/53 | €95,000 | €95,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,413 | €49,472 | +€31,059 | +169% |
| Deferred charges and accrued income | 490/1 | - | €1,784 | +€1,784 | |
| Total equity and liabilities | 10/49 | €178,402 | €192,729 | +€14,327 | +8.0% |
| Equity | 10/15 | €116,797 | €128,352 | +€11,555 | +9.9% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €5,060 | €5,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,060 | €5,060 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,060 | €5,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,737 | €30,292 | +€11,555 | +61.7% |
| Amounts payable | 17/49 | €61,605 | €64,377 | +€2,772 | +4.5% |
| Amounts payable within one year | 42/48 | €57,092 | €60,251 | +€3,159 | +5.5% |
| Other amounts payable | 47/48 | €57,092 | €60,251 | +€3,159 | +5.5% |
| Accrued charges and deferred income | 492/3 | €4,513 | €4,126 | -€387 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,660 | €18,660 | = | 0.0% |
| Other operating charges | 640/8 | €2,171 | €2,239 | +€68 | +3.1% |
| Gross operating margin | 9900 | €37,237 | €37,268 | +€32 | +0.1% |
| Operating profit (loss) | 9901 | €16,406 | €16,369 | -€36 | -0.2% |
| Financial income | 75/76B | €535 | €3,319 | +€2,784 | +520% |
| Recurring financial income | 75 | €535 | €3,319 | +€2,784 | +520% |
| Financial charges | 65/66B | €4,670 | €4,282 | -€389 | -8.3% |
| Recurring financial charges | 65 | €4,670 | €4,282 | -€389 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €12,271 | €15,406 | +€3,136 | +25.6% |
| Income taxes | 67/77 | €3,068 | €3,852 | +€784 | +25.6% |
| Profit (loss) for the period | 9904 | €9,203 | €11,555 | +€2,352 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,203 | €11,555 | +€2,352 | +25.6% |
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 13 October 2026 via checked.be.