MusGeorges: 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.
MusGeorges
Largest movements
- Tangible fixed assets -€7,652
down €7,652 (-13.7%), from €55,670 to €48,017
of which Land and buildings: -€7,447
- Cash +€5,472
up €5,472 (+3.2%), from €172,356 to €177,828
mainly Net result for the year (+€11,657) and Depreciation (+€7,652)
- Reserves -€12,027
down €12,027 (-4.8%), from €250,155 to €238,128
of which Distributable reserves: -€12,027
- Tax, wage and social debts +€6,148
up €6,148 (+12603.1%), from €49 to €6,197
- Other debts +€3,498
up €3,498 (+61.8%), from €5,659 to €9,156
- Gross operating margin +€15,042
up €15,042 (+101.0%), from €14,887 to €29,929
- Taxes +€6,148
up €6,148 (+12603.1%), from €49 to €6,197
- Depreciation -€2,113
down €2,113 (-21.6%), from €9,766 to €7,652
- Other operating charges -€1,018
down €1,018 (-16.6%), from €6,130 to €5,112
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 | €276,957 | €274,584 | -€2,373 | -0.9% |
| Fixed assets | 21/28 | €55,670 | €48,017 | -€7,652 | -13.7% |
| Tangible fixed assets | 22/27 | €55,670 | €48,017 | -€7,652 | -13.7% |
| Land and buildings | 22 | €55,100 | €47,653 | -€7,447 | -13.5% |
| Furniture and vehicles | 24 | €570 | €364 | -€206 | -36.1% |
| Current assets | 29/58 | €221,287 | €226,567 | +€5,279 | +2.4% |
| Amounts receivable after more than one year | 29 | €48,612 | €48,612 | = | 0.0% |
| Other amounts receivable | 291 | €48,612 | €48,612 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €172,356 | €177,828 | +€5,472 | +3.2% |
| Deferred charges and accrued income | 490/1 | €320 | €127 | -€192 | -60.2% |
| Total equity and liabilities | 10/49 | €276,957 | €274,584 | -€2,373 | -0.9% |
| Equity | 10/15 | €268,747 | €256,720 | -€12,027 | -4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €250,155 | €238,128 | -€12,027 | -4.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €248,296 | €236,269 | -€12,027 | -4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,210 | €17,864 | +€9,654 | +117.6% |
| Amounts payable within one year | 42/48 | €7,825 | €16,951 | +€9,126 | +116.6% |
| Trade debts | 44 | €2,118 | €1,599 | -€519 | -24.5% |
| Suppliers | 440/4 | €2,118 | €1,599 | -€519 | -24.5% |
| Taxes, remuneration and social security | 45 | €49 | €6,197 | +€6,148 | +12603.1% |
| Taxes | 450/3 | €49 | €6,197 | +€6,148 | +12603.1% |
| Other amounts payable | 47/48 | €5,659 | €9,156 | +€3,498 | +61.8% |
| Accrued charges and deferred income | 492/3 | €384 | €912 | +€528 | +137.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,766 | €7,652 | -€2,113 | -21.6% |
| Other operating charges | 640/8 | €6,130 | €5,112 | -€1,018 | -16.6% |
| Gross operating margin | 9900 | €14,887 | €29,929 | +€15,042 | +101.0% |
| Operating profit (loss) | 9901 | -€1,009 | €17,164 | +€18,174 | |
| Financial income | 75/76B | €1,264 | €1,264 | = | 0.0% |
| Recurring financial income | 75 | €1,264 | €1,264 | = | 0.0% |
| Financial charges | 65/66B | €703 | €575 | -€127 | -18.1% |
| Recurring financial charges | 65 | €703 | €575 | -€127 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€448 | €17,853 | +€18,301 | |
| Income taxes | 67/77 | €49 | €6,197 | +€6,148 | +12603.1% |
| Profit (loss) for the period | 9904 | -€497 | €11,657 | +€12,153 | |
| Profit (loss) for the period to be appropriated | 9905 | -€497 | €11,657 | +€12,153 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.