museumPASSmusées: 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.
What changed
museumPASSmusées
NACE 90.120, Visual arts creation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€718,214
2024 · €427,126+€291,088
Equity
-€192,587
2024 · -€910,801+€718,214
Cash
€1.9m
2024 · €1.0m+€855,265
Balance sheet total
€8.6m
2024 · €6.8m+€1.8m
Largest movements
Assets
- Cash +€855,265
up €855,265 (+84.3%), from €1.0m to €1.9m
mainly Trade debts (+€1.2m) and Net result for the year (+€718,214)
- Current investments +€653,413
up €653,413 (+14.7%), from €4.5m to €5.1m
- Receivables within one year +€303,910
up €303,910 (+28.0%), from €1.1m to €1.4m
of which Trade receivables: +€281,035
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+16.7%), from €7.5m to €8.7m
- Profit (loss) carried forward +€718,214
up €718,214 (+71.1%), from -€1.0m to -€292,587
Income statement
- Turnover +€13.6m
new in 2025: €13.6m
- Services and other goods +€13.0m
new in 2025: €13.0m
- Gross operating margin -€753,526
no longer reported in 2025 (was €753,526)
- Other operating income +€535,956
new in 2025: €535,956
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.
Result 2024
€427,126
Turnover
+€13.6m
Other operating income
+€535,956
Goods and materials
-€2,176
Services and other goods
-€13.0m
Staff costs
-€69,064
Depreciation
-€27,763
Other operating charges
-€1,366
Other operating items
-€753,526
Financial income
-€28,564
Financial charges
+€2,672
Taxes
+€6,070
Result 2025
€718,214
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
-€903,433
Financing
-€76,999
Cash 2024
€1.0m
From operations (derived)
+€1.8m
Net result for the year
+€718,214
Depreciation
+€218,696
Receivables within one year
-€303,910
Smaller working-capital items
+€1,734
Trade debts
+€1.2m
Tax, wage and social debts
+€6,754
Other debts
-€51,614
Investment (derived)
-€903,433
Investment in fixed assets (net)
-€250,020
Current investments
-€653,413
Financing
-€76,999
Debts after one year
-€10,117
Current portion of long-term debt
-€66,882
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,778,209 | €8,622,340 | +€1.8m | +27.2% |
| Fixed assets | 21/28 | €202,272 | €233,596 | +€31,325 | +15.5% |
| Intangible fixed assets | 21 | €137,480 | €190,763 | +€53,282 | +38.8% |
| Tangible fixed assets | 22/27 | €64,791 | €42,834 | -€21,958 | -33.9% |
| Plant, machinery and equipment | 23 | €64,791 | €42,834 | -€21,958 | -33.9% |
| Current assets | 29/58 | €6,575,937 | €8,388,744 | +€1.8m | +27.6% |
| Amounts receivable within one year | 40/41 | €1,087,327 | €1,391,237 | +€303,910 | +28.0% |
| Trade receivables | 40 | €1,074,609 | €1,355,644 | +€281,035 | +26.2% |
| Other amounts receivable | 41 | €12,718 | €35,593 | +€22,875 | +180% |
| Current investments | 50/53 | €4,452,491 | €5,105,904 | +€653,413 | +14.7% |
| Other investments | 51/53 | - | €5,105,904 | +€5.1m | |
| Cash at bank and in hand | 54/58 | €1,014,566 | €1,869,832 | +€855,265 | +84.3% |
| Deferred charges and accrued income | 490/1 | €21,553 | €21,771 | +€218 | +1.0% |
| Total equity and liabilities | 10/49 | €6,778,209 | €8,622,340 | +€1.8m | +27.2% |
| Equity | 10/15 | -€910,801 | -€192,587 | +€718,214 | +78.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,010,801 | -€292,587 | +€718,214 | +71.1% |
| Amounts payable | 17/49 | €7,689,010 | €8,814,927 | +€1.1m | +14.6% |
| Amounts payable after more than one year | 17 | €56,317 | €46,200 | -€10,117 | -18.0% |
| Financial debts | 170/4 | €13,262 | - | -€13,262 | |
| Other amounts payable | 178/9 | €43,055 | €46,200 | +€3,145 | +7.3% |
| Amounts payable within one year | 42/48 | €7,617,123 | €8,751,205 | +€1.1m | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €80,144 | €13,262 | -€66,882 | -83.5% |
| Trade debts | 44 | €7,459,677 | €8,705,501 | +€1.2m | +16.7% |
| Suppliers | 440/4 | €7,459,677 | €8,705,501 | +€1.2m | +16.7% |
| Taxes, remuneration and social security | 45 | €25,688 | €32,442 | +€6,754 | +26.3% |
| Remuneration and social security | 454/9 | €25,688 | €32,442 | +€6,754 | +26.3% |
| Other amounts payable | 47/48 | €51,614 | - | -€51,614 | |
| Accrued charges and deferred income | 492/3 | €15,570 | €17,522 | +€1,952 | +12.5% |
| Operating income | 70/76A | - | €14,115,631 | +€14.1m | |
| Turnover | 70 | - | €13,579,676 | +€13.6m | |
| Other operating income | 74 | - | €535,956 | +€535,956 | |
| Operating charges | 60/66A | - | €13,464,944 | +€13.5m | |
| Goods for resale, raw materials and consumables | 60 | - | €2,176 | +€2,176 | |
| Purchases | 600/8 | - | €2,176 | +€2,176 | |
| Services and other goods | 61 | - | €12,950,828 | +€13.0m | |
| Remuneration, social security and pensions | 62 | €221,847 | €290,911 | +€69,064 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,933 | €218,696 | +€27,763 | +14.5% |
| Other operating charges | 640/8 | €968 | €2,333 | +€1,366 | +141% |
| Gross operating margin | 9900 | €753,526 | - | -€753,526 | |
| Operating profit (loss) | 9901 | €339,778 | €650,688 | +€310,910 | +91.5% |
| Financial income | 75/76B | €128,896 | €100,332 | -€28,564 | -22.2% |
| Recurring financial income | 75 | €128,896 | €100,332 | -€28,564 | -22.2% |
| Income from current assets | 751 | - | €99,825 | +€99,825 | |
| Other financial income | 752/9 | - | €506 | +€506 | |
| Financial charges | 65/66B | €5,530 | €2,858 | -€2,672 | -48.3% |
| Recurring financial charges | 65 | €5,530 | €1,479 | -€4,051 | -73.3% |
| Debt charges | 650 | - | €1,117 | +€1,117 | |
| Other financial charges | 652/9 | - | €362 | +€362 | |
| Non-recurring financial charges | 66B | - | €1,379 | +€1,379 | |
| Profit (loss) for the period before taxes | 9903 | €463,144 | €748,162 | +€285,018 | +61.5% |
| Income taxes | 67/77 | €36,018 | €29,948 | -€6,070 | -16.9% |
| Taxes | 670/3 | - | €29,948 | +€29,948 | |
| Profit (loss) for the period | 9904 | €427,126 | €718,214 | +€291,088 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €427,126 | €718,214 | +€291,088 | +68.2% |
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 18 October 2026 via checked.be.