Music World: what changed
Music World
Largest movements
- Receivables within one year +€4,376
up €4,376 (+5.7%), from €76,351 to €80,727
of which Other amounts receivable: +€4,488
- Reserves +€3,199
up €3,199 (+25.3%), from €12,639 to €15,838
of which Distributable reserves: +€3,199
- Gross operating margin +€464
up €464 (+15.3%), from €3,023 to €3,487
- Depreciation -€417
down €417 (-64.3%), from €649 to €232
- Financial income +€100
up €100 (+4.3%), from €2,332 to €2,432
- Taxes +€89
up €89 (+39.4%), from €226 to €315
- Other operating charges -€49
down €49 (-2.4%), from €2,007 to €1,958
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,318 | €97,517 | +€4,199 | +4.5% |
| Fixed assets | 21/28 | €16,197 | €15,965 | -€232 | -1.4% |
| Tangible fixed assets | 22/27 | €16,197 | €15,965 | -€232 | -1.4% |
| Land and buildings | 22 | €16,197 | €15,965 | -€232 | -1.4% |
| Current assets | 29/58 | €77,121 | €81,552 | +€4,431 | +5.7% |
| Amounts receivable within one year | 40/41 | €76,351 | €80,727 | +€4,376 | +5.7% |
| Trade receivables | 40 | €8,157 | €8,045 | -€112 | -1.4% |
| Other amounts receivable | 41 | €68,194 | €72,682 | +€4,488 | +6.6% |
| Cash at bank and in hand | 54/58 | €770 | €825 | +€55 | +7.1% |
| Total equity and liabilities | 10/49 | €93,318 | €97,517 | +€4,199 | +4.5% |
| Equity | 10/15 | €90,992 | €94,191 | +€3,199 | +3.5% |
| Contributions | 10/11 | €87,060 | €87,060 | = | 0.0% |
| Capital | 10 | €87,060 | €87,060 | = | 0.0% |
| Issued capital | 100 | €87,060 | €87,060 | = | 0.0% |
| Reserves | 13 | €12,639 | €15,838 | +€3,199 | +25.3% |
| Non-distributable reserves | 130/1 | €8,707 | €8,707 | = | 0.0% |
| Legal reserve | 130 | €8,707 | €8,707 | = | 0.0% |
| Distributable reserves | 133 | €3,932 | €7,131 | +€3,199 | +81.4% |
| Profit (loss) carried forward | 14 | -€8,707 | -€8,707 | = | 0.0% |
| Amounts payable | 17/49 | €2,326 | €3,326 | +€1,000 | +43.0% |
| Amounts payable within one year | 42/48 | €2,326 | €3,326 | +€1,000 | +43.0% |
| Trade debts | 44 | €1,903 | €2,388 | +€485 | +25.5% |
| Suppliers | 440/4 | €1,903 | €2,388 | +€485 | +25.5% |
| Taxes, remuneration and social security | 45 | €393 | €315 | -€78 | -19.8% |
| Taxes | 450/3 | €393 | €315 | -€78 | -19.8% |
| Other amounts payable | 47/48 | €30 | €623 | +€593 | +1,977% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €649 | €232 | -€417 | -64.3% |
| Other operating charges | 640/8 | €2,007 | €1,958 | -€49 | -2.4% |
| Gross operating margin | 9900 | €3,023 | €3,487 | +€464 | +15.3% |
| Operating profit (loss) | 9901 | €367 | €1,297 | +€930 | +253% |
| Financial income | 75/76B | €2,332 | €2,432 | +€100 | +4.3% |
| Recurring financial income | 75 | €2,332 | €2,432 | +€100 | +4.3% |
| Financial charges | 65/66B | €222 | €215 | -€7 | -3.2% |
| Recurring financial charges | 65 | €222 | €215 | -€7 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €2,477 | €3,514 | +€1,037 | +41.9% |
| Income taxes | 67/77 | €226 | €315 | +€89 | +39.4% |
| Profit (loss) for the period | 9904 | €2,251 | €3,199 | +€948 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,251 | €3,199 | +€948 | +42.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.