Musicoding Services: 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.
Musicoding Services
Largest movements
- Cash +€13,322
up €13,322 (+990%), from €1,346 to €14,668
mainly Net result for the year (+€25,051) and Depreciation (+€19,320)
- Tangible fixed assets -€11,559
down €11,559 (-13.5%), from €85,470 to €73,911
of which Furniture and vehicles: -€17,549
- Receivables within one year +€3,811
up €3,811 (+32.0%), from €11,904 to €15,715
of which Trade receivables: +€6,641
- Debts after one year -€14,964
down €14,964 (-26.4%), from €56,663 to €41,699
- Profit (loss) carried forward +€10,087
up €10,087 (+48.5%), from €20,811 to €30,898
- Tax, wage and social debts +€5,094
new in 2025: €5,094
- Other debts +€4,584
up €4,584 (+95.0%), from €4,824 to €9,408
- Gross operating margin +€36,753
up €36,753 (+180%), from €20,412 to €57,164
- Depreciation +€10,317
up €10,317 (+115%), from €9,004 to €19,320
- Taxes +€4,193
up €4,193 (+161%), from €2,598 to €6,791
- Financial charges +€2,773
up €2,773 (+122%), from €2,264 to €5,037
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 | €99,101 | €104,294 | +€5,193 | +5.2% |
| Fixed assets | 21/28 | €85,470 | €73,911 | -€11,559 | -13.5% |
| Tangible fixed assets | 22/27 | €85,470 | €73,911 | -€11,559 | -13.5% |
| Plant, machinery and equipment | 23 | €1,331 | €979 | -€353 | -26.5% |
| Furniture and vehicles | 24 | €84,139 | €66,590 | -€17,549 | -20.9% |
| Other tangible fixed assets | 26 | - | €6,343 | +€6,343 | |
| Current assets | 29/58 | €13,631 | €30,383 | +€16,752 | +123% |
| Amounts receivable within one year | 40/41 | €11,904 | €15,715 | +€3,811 | +32.0% |
| Trade receivables | 40 | €5,463 | €12,104 | +€6,641 | +122% |
| Other amounts receivable | 41 | €6,441 | €3,611 | -€2,830 | -43.9% |
| Cash at bank and in hand | 54/58 | €1,346 | €14,668 | +€13,322 | +990% |
| Deferred charges and accrued income | 490/1 | €381 | - | -€381 | |
| Total equity and liabilities | 10/49 | €99,101 | €104,294 | +€5,193 | +5.2% |
| Equity | 10/15 | €21,811 | €31,898 | +€10,087 | +46.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,811 | €30,898 | +€10,087 | +48.5% |
| Amounts payable | 17/49 | €77,291 | €72,397 | -€4,894 | -6.3% |
| Amounts payable after more than one year | 17 | €56,663 | €41,699 | -€14,964 | -26.4% |
| Financial debts | 170/4 | €56,663 | €41,699 | -€14,964 | -26.4% |
| Amounts payable within one year | 42/48 | €20,627 | €30,698 | +€10,070 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €14,071 | €14,964 | +€893 | +6.3% |
| Trade debts | 44 | €1,732 | €1,231 | -€502 | -29.0% |
| Suppliers | 440/4 | €1,732 | €1,231 | -€502 | -29.0% |
| Taxes, remuneration and social security | 45 | - | €5,094 | +€5,094 | |
| Taxes | 450/3 | - | €5,094 | +€5,094 | |
| Other amounts payable | 47/48 | €4,824 | €9,408 | +€4,584 | +95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,004 | €19,320 | +€10,317 | +115% |
| Other operating charges | 640/8 | €700 | €965 | +€266 | +38.0% |
| Gross operating margin | 9900 | €20,412 | €57,164 | +€36,753 | +180% |
| Operating profit (loss) | 9901 | €10,708 | €36,879 | +€26,170 | +244% |
| Financial charges | 65/66B | €2,264 | €5,037 | +€2,773 | +122% |
| Recurring financial charges | 65 | €2,264 | €5,037 | +€2,773 | +122% |
| Profit (loss) for the period before taxes | 9903 | €8,444 | €31,842 | +€23,398 | +277% |
| Income taxes | 67/77 | €2,598 | €6,791 | +€4,193 | +161% |
| Profit (loss) for the period | 9904 | €5,847 | €25,051 | +€19,204 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €5,847 | €25,051 | +€19,204 | +328% |
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.