MUSIC WORLD: 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 WORLD
Largest movements
- Cash +€29,325
up €29,325 (+57.4%), from €51,127 to €80,452
mainly Depreciation (+€23,688) and Net result for the year (+€3,045)
- Tangible fixed assets -€23,688
down €23,688 (-4.0%), from €599,123 to €575,435
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges -€23,327
down €23,327 (-85.4%), from €27,309 to €3,981
- Gross operating margin +€4,196
up €4,196 (+14.6%), from €28,667 to €32,863
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 | €1,426,574 | €1,432,212 | +€5,638 | +0.4% |
| Formation expenses | 20 | €5,479 | €5,479 | = | 0.0% |
| Fixed assets | 21/28 | €1,369,968 | €1,346,280 | -€23,688 | -1.7% |
| Tangible fixed assets | 22/27 | €599,123 | €575,435 | -€23,688 | -4.0% |
| Land and buildings | 22 | €599,123 | €575,435 | -€23,688 | -4.0% |
| Financial fixed assets | 28 | €770,845 | €770,845 | = | 0.0% |
| Current assets | 29/58 | €51,127 | €80,452 | +€29,325 | +57.4% |
| Cash at bank and in hand | 54/58 | €51,127 | €80,452 | +€29,325 | +57.4% |
| Total equity and liabilities | 10/49 | €1,426,574 | €1,432,212 | +€5,638 | +0.4% |
| Equity | 10/15 | €304,553 | €307,598 | +€3,045 | +1.0% |
| Contributions | 10/11 | €62,034 | €62,034 | = | 0.0% |
| Capital | 10 | €62,034 | €62,034 | = | 0.0% |
| Issued capital | 100 | €62,034 | €62,034 | = | 0.0% |
| Reserves | 13 | €242,519 | €245,564 | +€3,045 | +1.3% |
| Non-distributable reserves | 130/1 | €6,203 | €6,203 | = | 0.0% |
| Legal reserve | 130 | €6,203 | €6,203 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €217,566 | €220,611 | +€3,045 | +1.4% |
| Amounts payable | 17/49 | €1,122,021 | €1,124,614 | +€2,593 | +0.2% |
| Amounts payable after more than one year | 17 | €1,081,734 | €1,083,854 | +€2,120 | +0.2% |
| Financial debts | 170/4 | €1,081,734 | €1,083,854 | +€2,120 | +0.2% |
| Amounts payable within one year | 42/48 | €39,522 | €39,994 | +€472 | +1.2% |
| Other amounts payable | 47/48 | €39,522 | €39,994 | +€472 | +1.2% |
| Accrued charges and deferred income | 492/3 | €765 | €765 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6,958 | +€6,958 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,688 | €23,688 | = | 0.0% |
| Other operating charges | 640/8 | €27,309 | €3,981 | -€23,327 | -85.4% |
| Gross operating margin | 9900 | €28,667 | €32,863 | +€4,196 | +14.6% |
| Operating profit (loss) | 9901 | -€22,329 | €5,194 | +€27,523 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,128 | €2,150 | +€23 | +1.1% |
| Recurring financial charges | 65 | €2,128 | €2,150 | +€23 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,456 | €3,045 | +€27,501 | |
| Profit (loss) for the period | 9904 | -€24,456 | €3,045 | +€27,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,456 | €3,045 | +€27,501 |
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 27 October 2026 via checked.be.