Musiq4All: 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.
Musiq4All
Largest movements
- Cash -€83,305
no longer reported in 2025 (was €83,305)
mainly Other debts (-€102,540) and Trade debts (-€20,649)
- Receivables within one year -€33,596
down €33,596 (-98.0%), from €34,292 to €696
of which Trade receivables: -€33,413
- Tangible fixed assets -€13,522
no longer reported in 2025 (was €13,522)
- Current investments -€6,992
down €6,992 (-14.0%), from €50,000 to €43,008
- Other debts -€102,540
down €102,540 (-97.5%), from €105,140 to €2,600
- Trade debts -€20,649
down €20,649 (-94.2%), from €21,910 to €1,261
- Current portion of long-term debt -€10,596
no longer reported in 2025 (was €10,596)
- Debts after one year -€2,662
no longer reported in 2025 (was €2,662)
- Tax, wage and social debts -€2,166
down €2,166 (-98.1%), from €2,209 to €43
- Gross operating margin +€35,337
up €35,337, from -€25,370 to €9,968
- Write-downs +€27,173
up €27,173, from -€6,928 to €20,245
- Provisions +€14,678
no longer reported in 2025 (was -€14,678)
- Depreciation -€10,823
no longer reported in 2025 (was €10,823)
- Staff costs -€9,526
no longer reported in 2025 (was €9,526)
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 | €181,118 | €43,704 | -€137,415 | -75.9% |
| Fixed assets | 21/28 | €13,522 | - | -€13,522 | |
| Tangible fixed assets | 22/27 | €13,522 | - | -€13,522 | |
| Furniture and vehicles | 24 | €13,522 | - | -€13,522 | |
| Current assets | 29/58 | €167,597 | €43,704 | -€123,893 | -73.9% |
| Amounts receivable within one year | 40/41 | €34,292 | €696 | -€33,596 | -98.0% |
| Trade receivables | 40 | €33,413 | - | -€33,413 | |
| Other amounts receivable | 41 | €878 | €696 | -€183 | -20.8% |
| Current investments | 50/53 | €50,000 | €43,008 | -€6,992 | -14.0% |
| Cash at bank and in hand | 54/58 | €83,305 | - | -€83,305 | |
| Total equity and liabilities | 10/49 | €181,118 | €43,704 | -€137,415 | -75.9% |
| Equity | 10/15 | €37,036 | €38,232 | +€1,196 | +3.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €26,334 | €26,334 | = | 0.0% |
| Distributable reserves | 133 | €26,334 | €26,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,297 | -€13,101 | +€1,196 | +8.4% |
| Amounts payable | 17/49 | €144,082 | €5,471 | -€138,611 | -96.2% |
| Amounts payable after more than one year | 17 | €2,662 | - | -€2,662 | |
| Financial debts | 170/4 | €2,662 | - | -€2,662 | |
| Amounts payable within one year | 42/48 | €139,855 | €3,904 | -€135,951 | -97.2% |
| Current portion of amounts payable after more than one year | 42 | €10,596 | - | -€10,596 | |
| Trade debts | 44 | €21,910 | €1,261 | -€20,649 | -94.2% |
| Suppliers | 440/4 | €21,910 | €1,261 | -€20,649 | -94.2% |
| Taxes, remuneration and social security | 45 | €2,209 | €43 | -€2,166 | -98.1% |
| Taxes | 450/3 | €2,209 | €43 | -€2,166 | -98.1% |
| Other amounts payable | 47/48 | €105,140 | €2,600 | -€102,540 | -97.5% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,567 | +€1 | +0.1% |
| Remuneration, social security and pensions | 62 | €9,526 | - | -€9,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,823 | - | -€10,823 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,928 | €20,245 | +€27,173 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€14,678 | - | +€14,678 | |
| Other operating charges | 640/8 | €1,419 | €1,048 | -€372 | -26.2% |
| Non-recurring operating charges | 66A | €180 | - | -€180 | |
| Gross operating margin | 9900 | -€25,370 | €9,968 | +€35,337 | |
| Operating profit (loss) | 9901 | -€25,712 | -€11,325 | +€14,387 | +56.0% |
| Financial income | 75/76B | €12,249 | €12,730 | +€481 | +3.9% |
| Recurring financial income | 75 | €4,249 | €911 | -€3,338 | -78.6% |
| Non-recurring financial income | 76B | €8,000 | €11,819 | +€3,819 | +47.7% |
| Financial charges | 65/66B | €438 | €192 | -€246 | -56.2% |
| Recurring financial charges | 65 | €438 | €192 | -€246 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,901 | €1,213 | +€15,114 | |
| Income taxes | 67/77 | €396 | €16 | -€380 | -95.9% |
| Profit (loss) for the period | 9904 | -€14,297 | €1,196 | +€15,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,297 | €1,196 | +€15,494 |
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.