MUSIC DYNAMIC: 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.
MUSIC DYNAMIC
Largest movements
- Cash +€40,338
up €40,338 (+19.1%), from €211,711 to €252,049
mainly Receivables within one year (+€24,707) and Net result for the year (+€14,658)
- Receivables within one year -€24,707
down €24,707 (-29.3%), from €84,431 to €59,724
of which Other amounts receivable: -€23,228
- Reserves +€14,658
up €14,658 (+17.0%), from €86,185 to €100,842
of which Distributable reserves: +€14,658
- Financial income +€4,319
up €4,319 (+801%), from €539 to €4,858
- Taxes +€1,716
up €1,716 (+40.0%), from €4,287 to €6,003
- Gross operating margin +€691
up €691 (+1.8%), from €39,181 to €39,872
- Financial charges -€627
down €627 (-58.8%), from €1,067 to €439
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 | €303,673 | €319,235 | +€15,562 | +5.1% |
| Fixed assets | 21/28 | €3,296 | €2,851 | -€444 | -13.5% |
| Tangible fixed assets | 22/27 | €3,109 | €2,664 | -€444 | -14.3% |
| Land and buildings | 22 | €3,109 | €2,664 | -€444 | -14.3% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €300,377 | €316,383 | +€16,006 | +5.3% |
| Stocks and contracts in progress | 3 | €4,235 | €4,610 | +€375 | +8.9% |
| Stocks | 30/36 | €4,235 | €4,610 | +€375 | +8.9% |
| Amounts receivable within one year | 40/41 | €84,431 | €59,724 | -€24,707 | -29.3% |
| Trade receivables | 40 | €14,382 | €12,902 | -€1,480 | -10.3% |
| Other amounts receivable | 41 | €70,050 | €46,822 | -€23,228 | -33.2% |
| Cash at bank and in hand | 54/58 | €211,711 | €252,049 | +€40,338 | +19.1% |
| Total equity and liabilities | 10/49 | €303,673 | €319,235 | +€15,562 | +5.1% |
| Equity | 10/15 | €275,101 | €289,758 | +€14,658 | +5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €86,185 | €100,842 | +€14,658 | +17.0% |
| 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 | €84,325 | €98,983 | +€14,658 | +17.4% |
| Profit (loss) carried forward | 14 | €170,324 | €170,324 | = | 0.0% |
| Amounts payable | 17/49 | €28,572 | €29,476 | +€904 | +3.2% |
| Amounts payable within one year | 42/48 | €28,572 | €29,476 | +€904 | +3.2% |
| Trade debts | 44 | €302 | €1,172 | +€870 | +288% |
| Suppliers | 440/4 | €302 | €1,172 | +€870 | +288% |
| Other amounts payable | 47/48 | €28,270 | €28,304 | +€34 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €444 | €444 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,513 | €22,513 | = | 0.0% |
| Other operating charges | 640/8 | €737 | €673 | -€64 | -8.7% |
| Gross operating margin | 9900 | €39,181 | €39,872 | +€691 | +1.8% |
| Operating profit (loss) | 9901 | €15,486 | €16,241 | +€755 | +4.9% |
| Financial income | 75/76B | €539 | €4,858 | +€4,319 | +801% |
| Recurring financial income | 75 | €539 | €4,858 | +€4,319 | +801% |
| Financial charges | 65/66B | €1,067 | €439 | -€627 | -58.8% |
| Recurring financial charges | 65 | €1,067 | €439 | -€627 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €14,959 | €20,660 | +€5,701 | +38.1% |
| Income taxes | 67/77 | €4,287 | €6,003 | +€1,716 | +40.0% |
| Profit (loss) for the period | 9904 | €10,672 | €14,658 | +€3,986 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,672 | €14,658 | +€3,986 | +37.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.