MUSESTREIZE: 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.
MUSESTREIZE
Largest movements
- Receivables within one year +€249,273
up €249,273 (+13.6%), from €1.8m to €2.1m
of which Other amounts receivable: +€243,606
- Cash -€89,680
down €89,680 (-90.9%), from €98,605 to €8,925
mainly Debts after one year (-€867,114) and Receivables within one year (-€249,273)
- Deferred charges and accrued income -€60,075
down €60,075 (-62.8%), from €95,694 to €35,619
- Other debts +€1.1m
up €1.1m (+85.3%), from €1.2m to €2.3m
- Debts after one year -€867,114
down €867,114 (-88.6%), from €978,435 to €111,321
of which Financial debts: -€867,114
- Accrued charges and deferred income -€58,500
no longer reported in 2024 (was €58,500)
- Profit (loss) carried forward -€34,148
down €34,148 (-27.3%), from -€125,181 to -€159,329
- Gross operating margin -€121,541
down €121,541 (-79.1%), from €153,650 to €32,108
- Financial income +€35,965
up €35,965 (+335%), from €10,738 to €46,703
- Depreciation -€18,617
down €18,617 (-52.6%), from €35,372 to €16,755
- Staff costs -€1,763
down €1,763 (-3.7%), from €47,766 to €46,003
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,418,673 | €2,490,143 | +€71,470 | +3.0% |
| Fixed assets | 21/28 | €385,149 | €357,100 | -€28,049 | -7.3% |
| Tangible fixed assets | 22/27 | €171,194 | €154,945 | -€16,249 | -9.5% |
| Land and buildings | 22 | €131,582 | €124,611 | -€6,972 | -5.3% |
| Plant, machinery and equipment | 23 | €38,807 | €30,107 | -€8,700 | -22.4% |
| Furniture and vehicles | 24 | €804 | €227 | -€577 | -71.7% |
| Financial fixed assets | 28 | €213,956 | €202,156 | -€11,800 | -5.5% |
| Current assets | 29/58 | €2,033,524 | €2,133,042 | +€99,518 | +4.9% |
| Amounts receivable within one year | 40/41 | €1,839,225 | €2,088,498 | +€249,273 | +13.6% |
| Trade receivables | 40 | €815,264 | €820,931 | +€5,667 | +0.7% |
| Other amounts receivable | 41 | €1,023,962 | €1,267,567 | +€243,606 | +23.8% |
| Cash at bank and in hand | 54/58 | €98,605 | €8,925 | -€89,680 | -90.9% |
| Deferred charges and accrued income | 490/1 | €95,694 | €35,619 | -€60,075 | -62.8% |
| Total equity and liabilities | 10/49 | €2,418,673 | €2,490,143 | +€71,470 | +3.0% |
| Equity | 10/15 | €49,991 | €15,844 | -€34,148 | -68.3% |
| Contributions | 10/11 | €165,500 | €165,500 | = | 0.0% |
| Capital | 10 | €165,500 | €165,500 | = | 0.0% |
| Issued capital | 100 | €165,500 | €165,500 | = | 0.0% |
| Reserves | 13 | €9,672 | €9,672 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,672 | €9,672 | = | 0.0% |
| Legal reserve | 130 | €9,672 | €9,672 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,181 | -€159,329 | -€34,148 | -27.3% |
| Amounts payable | 17/49 | €2,368,682 | €2,474,299 | +€105,617 | +4.5% |
| Amounts payable after more than one year | 17 | €978,435 | €111,321 | -€867,114 | -88.6% |
| Financial debts | 170/4 | €966,635 | €99,521 | -€867,114 | -89.7% |
| Other amounts payable | 178/9 | €11,800 | €11,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,331,747 | €2,362,978 | +€1.0m | +77.4% |
| Current portion of amounts payable after more than one year | 42 | €11,990 | €11,360 | -€630 | -5.3% |
| Trade debts | 44 | €40,251 | €27,165 | -€13,085 | -32.5% |
| Suppliers | 440/4 | €40,251 | €27,165 | -€13,085 | -32.5% |
| Taxes, remuneration and social security | 45 | €40,242 | €28,343 | -€11,899 | -29.6% |
| Taxes | 450/3 | €33,019 | €18,796 | -€14,223 | -43.1% |
| Remuneration and social security | 454/9 | €7,223 | €9,546 | +€2,324 | +32.2% |
| Other amounts payable | 47/48 | €1,239,264 | €2,296,110 | +€1.1m | +85.3% |
| Accrued charges and deferred income | 492/3 | €58,500 | - | -€58,500 | |
| Non-recurring operating income | 76A | €99,545 | - | -€99,545 | |
| Remuneration, social security and pensions | 62 | €47,766 | €46,003 | -€1,763 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,372 | €16,755 | -€18,617 | -52.6% |
| Other operating charges | 640/8 | €3,437 | €4,387 | +€951 | +27.7% |
| Gross operating margin | 9900 | €153,650 | €32,108 | -€121,541 | -79.1% |
| Operating profit (loss) | 9901 | €67,075 | -€35,037 | -€102,112 | |
| Financial income | 75/76B | €10,738 | €46,703 | +€35,965 | +335% |
| Recurring financial income | 75 | €10,738 | €46,703 | +€35,965 | +335% |
| Financial charges | 65/66B | €46,339 | €45,053 | -€1,286 | -2.8% |
| Recurring financial charges | 65 | €46,339 | €45,053 | -€1,286 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €31,473 | -€33,387 | -€64,860 | |
| Income taxes | 67/77 | €737 | €760 | +€24 | +3.3% |
| Profit (loss) for the period | 9904 | €30,737 | -€34,148 | -€64,884 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,737 | -€34,148 | -€64,884 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.