Musical ARTworkz: 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.
Musical ARTworkz
Largest movements
- Tangible fixed assets -€44,607
down €44,607 (-35.3%), from €126,243 to €81,636
of which Plant, machinery and equipment: -€40,589
- Receivables within one year -€21,659
down €21,659 (-83.2%), from €26,018 to €4,359
of which Trade receivables: -€20,754
- Cash +€9,413
up €9,413 (+27.1%), from €34,737 to €44,150
mainly Depreciation (+€66,379) and Net result for the year (+€30,687)
- Other debts -€93,013
down €93,013 (-31.5%), from €295,585 to €202,572
- Profit (loss) carried forward +€30,687
up €30,687 (+9.9%), from -€310,053 to -€279,366
- Trade debts +€3,227
up €3,227 (+220.1%), from €1,466 to €4,692
- Tax, wage and social debts +€2,301
new in 2025: €2,301
- Gross operating margin -€23,681
down €23,681 (-19.5%), from €121,481 to €97,800
- Depreciation +€6,021
up €6,021 (+10.0%), from €60,357 to €66,379
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 | €186,998 | €130,200 | -€56,798 | -30.4% |
| Fixed assets | 21/28 | €126,243 | €81,636 | -€44,607 | -35.3% |
| Tangible fixed assets | 22/27 | €126,243 | €81,636 | -€44,607 | -35.3% |
| Land and buildings | 22 | €16,975 | €14,146 | -€2,829 | -16.7% |
| Plant, machinery and equipment | 23 | €102,711 | €62,123 | -€40,589 | -39.5% |
| Furniture and vehicles | 24 | €6,557 | €5,368 | -€1,189 | -18.1% |
| Current assets | 29/58 | €60,755 | €48,564 | -€12,191 | -20.1% |
| Amounts receivable within one year | 40/41 | €26,018 | €4,359 | -€21,659 | -83.2% |
| Trade receivables | 40 | €25,113 | €4,359 | -€20,754 | -82.6% |
| Other amounts receivable | 41 | €905 | - | -€905 | |
| Cash at bank and in hand | 54/58 | €34,737 | €44,150 | +€9,413 | +27.1% |
| Deferred charges and accrued income | 490/1 | - | €55 | +€55 | |
| Total equity and liabilities | 10/49 | €186,998 | €130,200 | -€56,798 | -30.4% |
| Equity | 10/15 | -€110,053 | -€79,366 | +€30,687 | +27.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,053 | -€279,366 | +€30,687 | +9.9% |
| Amounts payable | 17/49 | €297,051 | €209,566 | -€87,485 | -29.5% |
| Amounts payable within one year | 42/48 | €297,051 | €209,566 | -€87,485 | -29.5% |
| Trade debts | 44 | €1,466 | €4,692 | +€3,227 | +220.1% |
| Suppliers | 440/4 | €1,466 | €4,692 | +€3,227 | +220.1% |
| Taxes, remuneration and social security | 45 | - | €2,301 | +€2,301 | |
| Taxes | 450/3 | - | €2,301 | +€2,301 | |
| Other amounts payable | 47/48 | €295,585 | €202,572 | -€93,013 | -31.5% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,357 | €66,379 | +€6,021 | +10.0% |
| Other operating charges | 640/8 | €544 | €520 | -€24 | -4.4% |
| Gross operating margin | 9900 | €121,481 | €97,800 | -€23,681 | -19.5% |
| Operating profit (loss) | 9901 | €60,580 | €30,902 | -€29,678 | -49.0% |
| Financial income | 75/76B | €762 | €1 | -€762 | -99.9% |
| Recurring financial income | 75 | €294 | €1 | -€293 | -99.7% |
| Non-recurring financial income | 76B | €468 | - | -€468 | |
| Financial charges | 65/66B | €781 | €216 | -€565 | -72.4% |
| Recurring financial charges | 65 | €781 | €216 | -€565 | -72.4% |
| Profit (loss) for the period before taxes | 9903 | €60,561 | €30,687 | -€29,875 | -49.3% |
| Profit (loss) for the period | 9904 | €60,561 | €30,687 | -€29,875 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,561 | €30,687 | -€29,875 | -49.3% |
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 10 October 2026 via checked.be.