MUSICA: 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.
MUSICA
Largest movements
- Cash +€122,533
up €122,533 (+29.1%), from €420,457 to €542,990
mainly Receivables within one year (+€109,802) and Net result for the year (+€63,629)
- Receivables within one year -€109,802
down €109,802 (-46.2%), from €237,739 to €127,937
of which Trade receivables: -€88,790
- Tangible fixed assets +€43,519
up €43,519, from €0 to €43,519
of which Furniture and vehicles: +€38,947
- Deferred charges and accrued income -€17,803
down €17,803 (-68.6%), from €25,952 to €8,149
- Reserves +€63,629
up €63,629 (+74.9%), from €85,000 to €148,629
- Trade debts -€63,069
down €63,069 (-53.4%), from €118,205 to €55,136
- Tax, wage and social debts +€45,074
up €45,074 (+75.1%), from €59,993 to €105,067
of which Remuneration and social security: +€26,341
- Provisions -€7,500
down €7,500 (-10.8%), from €69,476 to €61,976
- Purchases and services +€592,981
new in 2025: €592,981
- Turnover +€298,729
new in 2025: €298,729
- Staff costs +€73,454
up €73,454 (+11.9%), from €617,997 to €691,451
- Gross operating margin -€69,462
down €69,462 (-8.3%), from €834,709 to €765,247
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 | €689,898 | €728,750 | +€38,852 | +5.6% |
| Fixed assets | 21/28 | €5,750 | €49,674 | +€43,924 | +764% |
| Intangible fixed assets | 21 | €5,750 | €5,156 | -€595 | -10.3% |
| Tangible fixed assets | 22/27 | €0 | €43,519 | +€43,519 | |
| Plant, machinery and equipment | 23 | €0 | €4,572 | +€4,572 | |
| Furniture and vehicles | 24 | - | €38,947 | +€38,947 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €684,148 | €679,076 | -€5,072 | -0.7% |
| Amounts receivable within one year | 40/41 | €237,739 | €127,937 | -€109,802 | -46.2% |
| Trade receivables | 40 | €130,604 | €41,814 | -€88,790 | -68.0% |
| Other amounts receivable | 41 | €107,135 | €86,123 | -€21,012 | -19.6% |
| Cash at bank and in hand | 54/58 | €420,457 | €542,990 | +€122,533 | +29.1% |
| Deferred charges and accrued income | 490/1 | €25,952 | €8,149 | -€17,803 | -68.6% |
| Total equity and liabilities | 10/49 | €689,898 | €728,750 | +€38,852 | +5.6% |
| Equity | 10/15 | €381,022 | €444,651 | +€63,629 | +16.7% |
| Reserves | 13 | €85,000 | €148,629 | +€63,629 | +74.9% |
| Profit (loss) carried forward | 14 | €296,022 | €296,022 | = | 0.0% |
| Provisions and deferred taxes | 16 | €69,476 | €61,976 | -€7,500 | -10.8% |
| Provisions for liabilities and charges | 160/5 | €69,476 | €61,976 | -€7,500 | -10.8% |
| Major repairs and maintenance | 162 | €14,000 | €6,500 | -€7,500 | -53.6% |
| Other liabilities and charges | 164/5 | €55,476 | €55,476 | = | 0.0% |
| Amounts payable | 17/49 | €239,400 | €222,123 | -€17,276 | -7.2% |
| Amounts payable within one year | 42/48 | €179,073 | €160,202 | -€18,871 | -10.5% |
| Trade debts | 44 | €118,205 | €55,136 | -€63,069 | -53.4% |
| Suppliers | 440/4 | €118,205 | €55,136 | -€63,069 | -53.4% |
| Advances received on contracts in progress | 46 | €875 | - | -€875 | |
| Taxes, remuneration and social security | 45 | €59,993 | €105,067 | +€45,074 | +75.1% |
| Taxes | 450/3 | €32 | €18,764 | +€18,732 | +58,759% |
| Remuneration and social security | 454/9 | €59,961 | €86,302 | +€26,341 | +43.9% |
| Accrued charges and deferred income | 492/3 | €60,326 | €61,921 | +€1,595 | +2.6% |
| Turnover | 70 | - | €298,729 | +€298,729 | |
| Membership fees, donations, legacies and grants | 73 | - | €1,009,424 | +€1.0m | |
| Non-recurring operating income | 76A | €2,431 | €38,669 | +€36,237 | +1,490% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €592,981 | +€592,981 | |
| Remuneration, social security and pensions | 62 | €617,997 | €691,451 | +€73,454 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,817 | €18,504 | +€4,687 | +33.9% |
| Other operating charges | 640/8 | €107 | €1,361 | +€1,254 | +1,174% |
| Gross operating margin | 9900 | €834,709 | €765,247 | -€69,462 | -8.3% |
| Operating profit (loss) | 9901 | €178,498 | €61,430 | -€117,068 | -65.6% |
| Financial income | 75/76B | €4,172 | €3,940 | -€232 | -5.6% |
| Recurring financial income | 75 | €4,172 | €3,940 | -€232 | -5.6% |
| Financial charges | 65/66B | €439 | €1,742 | +€1,303 | +297% |
| Recurring financial charges | 65 | €439 | €1,742 | +€1,303 | +297% |
| Profit (loss) for the period before taxes | 9903 | €182,231 | €63,629 | -€118,603 | -65.1% |
| Profit (loss) for the period | 9904 | €182,231 | €63,629 | -€118,603 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €182,231 | €63,629 | -€118,603 | -65.1% |
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 1 November 2026 via checked.be.