Muzette: what changed
Two fiscal 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.
Muzette
Largest movements
- Cash +€13,056
up €13,056 (+10.0%), from €130,827 to €143,883
mainly Net result for the year (+€14,413) and Contributions, distributions and other (+€444)
- Profit (loss) carried forward +€14,857
up €14,857 (+15.3%), from €96,944 to €111,801
- Gross operating margin +€16,830
up €16,830, from -€2,758 to €14,072
- Turnover +€9,312
up €9,312 (+27.0%), from €34,533 to €43,845
- Purchases and services -€7,518
down €7,518 (-20.2%), from €37,291 to €29,773
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 | €203,827 | €217,463 | +€13,636 | +6.7% |
| Current assets | 29/58 | €203,827 | €217,463 | +€13,636 | +6.7% |
| Amounts receivable within one year | 40/41 | €73,000 | €73,320 | +€320 | +0.4% |
| Trade receivables | 40 | - | €320 | +€320 | |
| Other amounts receivable | 41 | €73,000 | €73,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €130,827 | €143,883 | +€13,056 | +10.0% |
| Deferred charges and accrued income | 490/1 | - | €260 | +€260 | |
| Total equity and liabilities | 10/49 | €203,827 | €217,463 | +€13,636 | +6.7% |
| Equity | 10/15 | €199,006 | €213,863 | +€14,857 | +7.5% |
| Reserves | 13 | €102,062 | €102,061 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | €96,944 | €111,801 | +€14,857 | +15.3% |
| Amounts payable | 17/49 | €4,821 | €3,600 | -€1,221 | -25.3% |
| Amounts payable within one year | 42/48 | €147 | - | -€147 | |
| Trade debts | 44 | €147 | - | -€147 | |
| Suppliers | 440/4 | €147 | - | -€147 | |
| Accrued charges and deferred income | 492/3 | €4,674 | €3,600 | -€1,074 | -23.0% |
| Turnover | 70 | €34,533 | €43,845 | +€9,312 | +27.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €37,291 | €29,773 | -€7,518 | -20.2% |
| Non-recurring operating charges | 66A | €5,000 | - | -€5,000 | |
| Gross operating margin | 9900 | -€2,758 | €14,072 | +€16,830 | |
| Operating profit (loss) | 9901 | -€7,758 | €14,072 | +€21,830 | |
| Financial income | 75/76B | €339 | €536 | +€197 | +58.0% |
| Recurring financial income | 75 | €339 | €536 | +€197 | +58.0% |
| Financial charges | 65/66B | €157 | €194 | +€37 | +23.7% |
| Recurring financial charges | 65 | €157 | €194 | +€37 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,576 | €14,413 | +€21,989 | |
| Profit (loss) for the period | 9904 | -€7,576 | €14,413 | +€21,989 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,576 | €14,413 | +€21,989 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.