Musicament: 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.
Musicament
Largest movements
- Tangible fixed assets +€892
up €892 (+5.4%), from €16,657 to €17,550
of which Furniture and vehicles: +€1,135
- Receivables within one year -€857
down €857 (-42.7%), from €2,005 to €1,148
of which Trade receivables: -€1,696
- Cash -€796
down €796 (-2.7%), from €29,230 to €28,434
mainly Other debts (-€17,494) and Investment in fixed assets (net) (-€6,040)
- Debts after one year +€20,032
up €20,032 (+33.4%), from €60,000 to €80,032
- Other debts -€17,494
no longer reported in 2025 (was €17,494)
- Profit (loss) carried forward -€2,741
down €2,741 (-7.8%), from -€35,068 to -€37,809
- Gross operating margin +€858
up €858 (+34.6%), from €2,479 to €3,337
- Depreciation +€550
up €550 (+12.0%), from €4,597 to €5,147
- Other operating charges -€157
down €157 (-15.4%), from €1,025 to €868
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 | €48,304 | €47,965 | -€338 | -0.7% |
| Fixed assets | 21/28 | €16,657 | €17,550 | +€892 | +5.4% |
| Tangible fixed assets | 22/27 | €16,657 | €17,550 | +€892 | +5.4% |
| Plant, machinery and equipment | 23 | €12,828 | €12,585 | -€243 | -1.9% |
| Furniture and vehicles | 24 | €3,830 | €4,965 | +€1,135 | +29.6% |
| Current assets | 29/58 | €31,646 | €30,416 | -€1,231 | -3.9% |
| Amounts receivable within one year | 40/41 | €2,005 | €1,148 | -€857 | -42.7% |
| Trade receivables | 40 | €1,696 | €0 | -€1,696 | -100% |
| Other amounts receivable | 41 | €309 | €1,148 | +€839 | +272% |
| Cash at bank and in hand | 54/58 | €29,230 | €28,434 | -€796 | -2.7% |
| Deferred charges and accrued income | 490/1 | €411 | €833 | +€422 | +103% |
| Total equity and liabilities | 10/49 | €48,304 | €47,965 | -€338 | -0.7% |
| Equity | 10/15 | -€29,568 | -€32,309 | -€2,741 | -9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | - | -€500 | |
| Reserves not available under the articles | 1311 | €500 | - | -€500 | |
| Distributable reserves | 133 | - | €500 | +€500 | |
| Profit (loss) carried forward | 14 | -€35,068 | -€37,809 | -€2,741 | -7.8% |
| Amounts payable | 17/49 | €77,872 | €80,274 | +€2,402 | +3.1% |
| Amounts payable after more than one year | 17 | €60,000 | €80,032 | +€20,032 | +33.4% |
| Financial debts | 170/4 | €60,000 | €80,032 | +€20,032 | +33.4% |
| Amounts payable within one year | 42/48 | €17,872 | €242 | -€17,630 | -98.6% |
| Trade debts | 44 | €378 | €242 | -€136 | -36.0% |
| Suppliers | 440/4 | €378 | €242 | -€136 | -36.0% |
| Other amounts payable | 47/48 | €17,494 | - | -€17,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,597 | €5,147 | +€550 | +12.0% |
| Other operating charges | 640/8 | €1,025 | €868 | -€157 | -15.4% |
| Gross operating margin | 9900 | €2,479 | €3,337 | +€858 | +34.6% |
| Operating profit (loss) | 9901 | -€3,144 | -€2,678 | +€466 | +14.8% |
| Financial charges | 65/66B | €59 | €62 | +€3 | +5.3% |
| Recurring financial charges | 65 | €59 | €62 | +€3 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,203 | -€2,741 | +€462 | +14.4% |
| Profit (loss) for the period | 9904 | -€3,203 | -€2,741 | +€462 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,203 | -€2,741 | +€462 | +14.4% |
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 29 October 2026 via checked.be.