MUSEforce: what changed
Two fiscal 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.
MUSEforce
Largest movements
- Cash +€40,669
up €40,669 (+173.8%), from €23,398 to €64,067
mainly Net result for the year (+€43,011) and Receivables within one year (+€13,991)
- Receivables within one year -€13,991
down €13,991 (-99.2%), from €14,100 to €109
of which Trade receivables: -€13,830
- Tangible fixed assets -€2,160
down €2,160 (-11.5%), from €18,771 to €16,611
of which Other tangible fixed assets: -€1,899
- Reserves +€43,011
up €43,011 (+248.3%), from €17,321 to €60,331
- Trade debts -€20,672
down €20,672 (-98.1%), from €21,062 to €390
- Tax, wage and social debts +€2,165
up €2,165 (+20.5%), from €10,543 to €12,708
- Other debts +€900
up €900 (+26.0%), from €3,459 to €4,359
- Accrued charges and deferred income -€885
no longer reported in 2025 (was €885)
- Gross operating margin +€33,628
up €33,628 (+145.5%), from €23,115 to €56,743
- Taxes +€6,558
up €6,558 (+143.8%), from €4,562 to €11,120
- Depreciation +€1,587
up €1,587 (+276.9%), from €573 to €2,160
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.
Cash bridge derived
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 | €56,270 | €80,787 | +€24,518 | +43.6% |
| Fixed assets | 21/28 | €18,771 | €16,611 | -€2,160 | -11.5% |
| Tangible fixed assets | 22/27 | €18,771 | €16,611 | -€2,160 | -11.5% |
| Furniture and vehicles | 24 | €261 | - | -€261 | |
| Other tangible fixed assets | 26 | €18,510 | €16,611 | -€1,899 | -10.3% |
| Current assets | 29/58 | €37,499 | €64,177 | +€26,678 | +71.1% |
| Amounts receivable within one year | 40/41 | €14,100 | €109 | -€13,991 | -99.2% |
| Trade receivables | 40 | €13,925 | €95 | -€13,830 | -99.3% |
| Other amounts receivable | 41 | €175 | €14 | -€161 | -91.9% |
| Cash at bank and in hand | 54/58 | €23,398 | €64,067 | +€40,669 | +173.8% |
| Total equity and liabilities | 10/49 | €56,270 | €80,787 | +€24,518 | +43.6% |
| Equity | 10/15 | €20,321 | €63,331 | +€43,011 | +211.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,321 | €60,331 | +€43,011 | +248.3% |
| Distributable reserves | 133 | €17,321 | €60,331 | +€43,011 | +248.3% |
| Amounts payable | 17/49 | €35,949 | €17,456 | -€18,493 | -51.4% |
| Amounts payable within one year | 42/48 | €35,064 | €17,456 | -€17,608 | -50.2% |
| Trade debts | 44 | €21,062 | €390 | -€20,672 | -98.1% |
| Suppliers | 440/4 | €21,062 | €390 | -€20,672 | -98.1% |
| Taxes, remuneration and social security | 45 | €10,543 | €12,708 | +€2,165 | +20.5% |
| Taxes | 450/3 | €10,543 | €12,708 | +€2,165 | +20.5% |
| Other amounts payable | 47/48 | €3,459 | €4,359 | +€900 | +26.0% |
| Accrued charges and deferred income | 492/3 | €885 | - | -€885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €573 | €2,160 | +€1,587 | +276.9% |
| Other operating charges | 640/8 | €652 | €299 | -€353 | -54.1% |
| Gross operating margin | 9900 | €23,115 | €56,743 | +€33,628 | +145.5% |
| Operating profit (loss) | 9901 | €21,890 | €54,283 | +€32,394 | +148.0% |
| Financial charges | 65/66B | €8 | €153 | +€146 | +1945.5% |
| Recurring financial charges | 65 | €8 | €153 | +€146 | +1945.5% |
| Profit (loss) for the period before taxes | 9903 | €21,882 | €54,130 | +€32,248 | +147.4% |
| Income taxes | 67/77 | €4,562 | €11,120 | +€6,558 | +143.8% |
| Profit (loss) for the period | 9904 | €17,321 | €43,011 | +€25,690 | +148.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,321 | €43,011 | +€25,690 | +148.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.