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MUZIEKLO: what changed

What changed

MUZIEKLO

BE 0678.857.963
NACE 55.204, Guest rooms (bed and breakfast)
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€32,663
2024 · €12,336+€20,327
Equity
€95,592
2024 · €62,929+€32,663
Cash
€2,739
2024 · €3,958-€1,219
Balance sheet total
€159,480
2024 · €158,246+€1,233

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€7,282

    up €7,282 (+5.6%), from €129,677 to €136,960

    of which Trade receivables: +€7,398

  • Tangible fixed assets -€2,430

    down €2,430 (-19.3%), from €12,618 to €10,188

    of which Other tangible fixed assets: -€2,658

  • Intangible fixed assets -€2,400

    down €2,400 (-20.0%), from €11,993 to €9,593

Equity and liabilities
  • Reserves +€30,000

    up €30,000 (+10,000%), from €300 to €30,300

    of which Distributable reserves: +€30,000

  • Debts after one year -€24,181

    down €24,181 (-91.6%), from €26,390 to €2,209

    of which Advances received on contracts in progress: -€20,995

  • Trade debts -€14,672

    down €14,672 (-49.8%), from €29,478 to €14,806

  • Tax, wage and social debts +€11,269

    up €11,269 (+57.8%), from €19,495 to €30,765

  • Other debts -€3,710

    down €3,710 (-22.3%), from €16,632 to €12,922

Income statement
  • Gross operating margin +€32,448

    up €32,448 (+141%), from €22,957 to €55,405

  • Taxes +€13,519

    up €13,519 (+10,020%), from €135 to €13,654

  • Financial charges -€920

    down €920 (-64.2%), from €1,433 to €513

Change in the result, 2024 to 2025

effect on the result

For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.

Result 2024 €12,336
Gross operating margin +€32,448
Staff costs -€28
Depreciation +€271
Other operating charges +€236
Financial charges +€920
Taxes -€13,519
Result 2025 €32,663
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.

From operations +€25,563
Investment -€2,466
Financing -€24,317
Cash 2024 €3,958
Net result for the year +€32,663
Depreciation +€7,296
Receivables within one year -€7,282
Trade debts -€14,672
Tax, wage and social debts +€11,269
Other debts -€3,710
Investment in fixed assets (net) -€2,466
Debts after one year -€24,181
Current portion of long-term debt -€135
Cash 2025 €2,739
brings cash intakes cash out
Every line side by side 49 lines
Line Code 2024 2025 Change %
Total assets 20/58 €158,246 €159,480 +€1,233 +0.8%
Fixed assets 21/28 €24,611 €19,781 -€4,830 -19.6%
Intangible fixed assets 21 €11,993 €9,593 -€2,400 -20.0%
Tangible fixed assets 22/27 €12,618 €10,188 -€2,430 -19.3%
Land and buildings 22 €1,032 €821 -€210 -20.4%
Plant, machinery and equipment 23 €259 €1,154 +€896 +346%
Furniture and vehicles 24 €1,309 €851 -€457 -34.9%
Other tangible fixed assets 26 €10,019 €7,361 -€2,658 -26.5%
Current assets 29/58 €133,635 €139,698 +€6,063 +4.5%
Amounts receivable within one year 40/41 €129,677 €136,960 +€7,282 +5.6%
Trade receivables 40 €77,522 €84,921 +€7,398 +9.5%
Other amounts receivable 41 €52,155 €52,039 -€116 -0.2%
Cash at bank and in hand 54/58 €3,958 €2,739 -€1,219 -30.8%
Deferred charges and accrued income 490/1 €0 - =
Total equity and liabilities 10/49 €158,246 €159,480 +€1,233 +0.8%
Equity 10/15 €62,929 €95,592 +€32,663 +51.9%
Contributions 10/11 €51,100 €51,100 = 0.0%
Capital 10 €18,600 €18,600 = 0.0%
Issued capital 100 €18,600 €18,600 = 0.0%
Contributions outside capital 11 €32,500 €32,500 = 0.0%
Other 1109/19 €32,500 €32,500 = 0.0%
Reserves 13 €300 €30,300 +€30,000 +10,000%
Non-distributable reserves 130/1 €300 €300 = 0.0%
Legal reserve 130 €300 €300 = 0.0%
Distributable reserves 133 - €30,000 +€30,000
Profit (loss) carried forward 14 €11,529 €14,192 +€2,663 +23.1%
Amounts payable 17/49 €95,317 €63,888 -€31,429 -33.0%
Amounts payable after more than one year 17 €26,390 €2,209 -€24,181 -91.6%
Financial debts 170/4 €5,395 €2,209 -€3,186 -59.1%
Advances received on contracts in progress 176 €20,995 €0 -€20,995 -100%
Amounts payable within one year 42/48 €68,927 €61,679 -€7,248 -10.5%
Current portion of amounts payable after more than one year 42 €3,322 €3,186 -€135 -4.1%
Trade debts 44 €29,478 €14,806 -€14,672 -49.8%
Suppliers 440/4 €29,478 €14,806 -€14,672 -49.8%
Taxes, remuneration and social security 45 €19,495 €30,765 +€11,269 +57.8%
Taxes 450/3 €19,495 €30,765 +€11,269 +57.8%
Other amounts payable 47/48 €16,632 €12,922 -€3,710 -22.3%
Remuneration, social security and pensions 62 €0 €28 +€28
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,567 €7,296 -€271 -3.6%
Other operating charges 640/8 €1,486 €1,251 -€236 -15.8%
Non-recurring operating charges 66A €0 - =
Gross operating margin 9900 €22,957 €55,405 +€32,448 +141%
Operating profit (loss) 9901 €13,903 €46,830 +€32,927 +237%
Financial charges 65/66B €1,433 €513 -€920 -64.2%
Recurring financial charges 65 €1,433 €513 -€920 -64.2%
Profit (loss) for the period before taxes 9903 €12,471 €46,317 +€33,846 +271%
Income taxes 67/77 €135 €13,654 +€13,519 +10,020%
Profit (loss) for the period 9904 €12,336 €32,663 +€20,327 +165%
Profit (loss) for the period to be appropriated 9905 €12,336 €32,663 +€20,327 +165%
Calculation and sources

Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.