MUSICOOL: 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.
What changed
MUSICOOL
NACE 46.499, Wholesale of other household goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,085
2024 · €59,943-€34,858
Equity
€358,361
2024 · €340,476+€17,885
Cash
€46,293
2024 · €48,268-€1,975
Balance sheet total
€543,464
2024 · €521,184+€22,280
Largest movements
Assets
- Stocks and contracts +€28,434
up €28,434 (+9.6%), from €296,683 to €325,117
Equity and liabilities
- Trade debts +€21,011
up €21,011 (+62.6%), from €33,582 to €54,593
- Profit (loss) carried forward +€17,885
up €17,885 (+7.3%), from €245,016 to €262,901
- Debts after one year -€11,281
down €11,281 (-14.5%), from €77,810 to €66,529
- Tax, wage and social debts -€9,559
down €9,559 (-35.3%), from €27,076 to €17,517
of which Taxes: -€9,149
- Other debts +€5,721
up €5,721 (+24.6%), from €23,258 to €28,979
Income statement
- Gross operating margin -€56,132
down €56,132 (-42.2%), from €133,054 to €76,922
- Staff costs -€11,653
down €11,653 (-33.6%), from €34,693 to €23,039
- Taxes -€5,754
down €5,754 (-42.0%), from €13,693 to €7,939
- Financial charges -€3,511
down €3,511 (-37.0%), from €9,483 to €5,972
- Depreciation -€2,641
down €2,641 (-14.7%), from €17,979 to €15,338
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.
Result 2024
€59,943
Gross operating margin
-€56,132
Staff costs
+€11,653
Depreciation
+€2,641
Other operating charges
-€60
Other operating items
+€217
Financial income
-€2,444
Financial charges
+€3,511
Taxes
+€5,754
Result 2025
€25,085
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€30,545
Investment
-€10,099
Financing
-€22,421
Cash 2024
€48,268
From operations (derived)
+€30,545
Net result for the year
+€25,085
Depreciation
+€15,338
Stocks and contracts
-€28,434
Receivables within one year
-€367
Deferred charges and accrued income
-€693
Trade debts
+€21,011
Tax, wage and social debts
-€9,559
Other debts
+€5,721
Accrued charges and deferred income
+€2,442
Investment (derived)
-€10,099
Investment in fixed assets (net)
-€10,099
Financing
-€22,421
Debts after one year
-€11,281
Current portion of long-term debt
-€3,940
Contributions, distributions and other
-€7,200
Cash 2025
€46,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €521,184 | €543,464 | +€22,280 | +4.3% |
| Fixed assets | 21/28 | €140,641 | €135,402 | -€5,239 | -3.7% |
| Tangible fixed assets | 22/27 | €140,641 | €135,402 | -€5,239 | -3.7% |
| Land and buildings | 22 | €101,001 | €97,360 | -€3,641 | -3.6% |
| Plant, machinery and equipment | 23 | - | €3,767 | +€3,767 | |
| Furniture and vehicles | 24 | €7,993 | €2,198 | -€5,796 | -72.5% |
| Other tangible fixed assets | 26 | €31,647 | €32,078 | +€431 | +1.4% |
| Current assets | 29/58 | €380,543 | €408,062 | +€27,518 | +7.2% |
| Stocks and contracts in progress | 3 | €296,683 | €325,117 | +€28,434 | +9.6% |
| Stocks | 30/36 | €296,683 | €325,117 | +€28,434 | +9.6% |
| Amounts receivable within one year | 40/41 | €24,727 | €25,093 | +€367 | +1.5% |
| Trade receivables | 40 | €24,727 | €20,923 | -€3,803 | -15.4% |
| Other amounts receivable | 41 | - | €4,170 | +€4,170 | |
| Cash at bank and in hand | 54/58 | €48,268 | €46,293 | -€1,975 | -4.1% |
| Deferred charges and accrued income | 490/1 | €10,866 | €11,558 | +€693 | +6.4% |
| Total equity and liabilities | 10/49 | €521,184 | €543,464 | +€22,280 | +4.3% |
| Equity | 10/15 | €340,476 | €358,361 | +€17,885 | +5.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,016 | €262,901 | +€17,885 | +7.3% |
| Amounts payable | 17/49 | €180,708 | €185,103 | +€4,395 | +2.4% |
| Amounts payable after more than one year | 17 | €77,810 | €66,529 | -€11,281 | -14.5% |
| Financial debts | 170/4 | €77,810 | €66,529 | -€11,281 | -14.5% |
| Amounts payable within one year | 42/48 | €98,898 | €112,131 | +€13,233 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €14,982 | €11,042 | -€3,940 | -26.3% |
| Trade debts | 44 | €33,582 | €54,593 | +€21,011 | +62.6% |
| Suppliers | 440/4 | €33,582 | €54,593 | +€21,011 | +62.6% |
| Taxes, remuneration and social security | 45 | €27,076 | €17,517 | -€9,559 | -35.3% |
| Taxes | 450/3 | €20,593 | €11,445 | -€9,149 | -44.4% |
| Remuneration and social security | 454/9 | €6,483 | €6,072 | -€411 | -6.3% |
| Other amounts payable | 47/48 | €23,258 | €28,979 | +€5,721 | +24.6% |
| Accrued charges and deferred income | 492/3 | €4,000 | €6,442 | +€2,442 | +61.1% |
| Non-recurring operating income | 76A | €3,306 | - | -€3,306 | |
| Remuneration, social security and pensions | 62 | €34,693 | €23,039 | -€11,653 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,979 | €15,338 | -€2,641 | -14.7% |
| Other operating charges | 640/8 | €1,751 | €1,811 | +€60 | +3.4% |
| Non-recurring operating charges | 66A | €217 | - | -€217 | |
| Gross operating margin | 9900 | €133,054 | €76,922 | -€56,132 | -42.2% |
| Operating profit (loss) | 9901 | €78,413 | €36,733 | -€41,680 | -53.2% |
| Financial income | 75/76B | €4,706 | €2,262 | -€2,444 | -51.9% |
| Recurring financial income | 75 | €4,706 | €2,262 | -€2,444 | -51.9% |
| Financial charges | 65/66B | €9,483 | €5,972 | -€3,511 | -37.0% |
| Recurring financial charges | 65 | €9,483 | €5,972 | -€3,511 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €73,636 | €33,023 | -€40,613 | -55.2% |
| Income taxes | 67/77 | €13,693 | €7,939 | -€5,754 | -42.0% |
| Profit (loss) for the period | 9904 | €59,943 | €25,085 | -€34,858 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,943 | €25,085 | -€34,858 | -58.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.