MUZIKPROD: 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.
MUZIKPROD
Largest movements
- Receivables within one year +€169,293
up €169,293 (+534%), from €31,690 to €200,983
of which Trade receivables: +€148,654
- Cash -€104,258
down €104,258 (-43.4%), from €240,001 to €135,743
mainly Receivables within one year (-€169,293) and Tax, wage and social debts (-€17,175)
- Tangible fixed assets -€9,243
down €9,243 (-4.3%), from €213,183 to €203,939
of which Other tangible fixed assets: -€11,037
- Trade debts +€76,424
up €76,424 (+91.6%), from €83,406 to €159,830
- Tax, wage and social debts -€17,175
no longer reported in 2025 (was €17,175)
- Debts after one year -€12,368
down €12,368 (-9.9%), from €125,445 to €113,077
- Profit (loss) carried forward +€10,197
up €10,197 (+5.3%), from €192,964 to €203,160
- Gross operating margin -€198,671
down €198,671 (-82.7%), from €240,169 to €41,499
- Taxes -€41,560
down €41,560 (-88.1%), from €47,175 to €5,615
- Depreciation -€6,399
down €6,399 (-23.2%), from €27,609 to €21,210
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 | €484,874 | €540,665 | +€55,791 | +11.5% |
| Fixed assets | 21/28 | €213,183 | €203,939 | -€9,243 | -4.3% |
| Tangible fixed assets | 22/27 | €213,183 | €203,939 | -€9,243 | -4.3% |
| Land and buildings | 22 | €144,800 | €139,400 | -€5,400 | -3.7% |
| Furniture and vehicles | 24 | €4,259 | €11,452 | +€7,194 | +169% |
| Other tangible fixed assets | 26 | €64,124 | €53,087 | -€11,037 | -17.2% |
| Current assets | 29/58 | €271,691 | €336,726 | +€65,035 | +23.9% |
| Amounts receivable within one year | 40/41 | €31,690 | €200,983 | +€169,293 | +534% |
| Trade receivables | 40 | €6,584 | €155,239 | +€148,654 | +2,258% |
| Other amounts receivable | 41 | €25,105 | €45,744 | +€20,639 | +82.2% |
| Cash at bank and in hand | 54/58 | €240,001 | €135,743 | -€104,258 | -43.4% |
| Total equity and liabilities | 10/49 | €484,874 | €540,665 | +€55,791 | +11.5% |
| Equity | 10/15 | €197,964 | €208,160 | +€10,197 | +5.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,964 | €203,160 | +€10,197 | +5.3% |
| Amounts payable | 17/49 | €286,910 | €332,505 | +€45,595 | +15.9% |
| Amounts payable after more than one year | 17 | €125,445 | €113,077 | -€12,368 | -9.9% |
| Financial debts | 170/4 | €125,445 | €113,077 | -€12,368 | -9.9% |
| Amounts payable within one year | 42/48 | €161,465 | €219,428 | +€57,963 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €16,619 | €12,368 | -€4,251 | -25.6% |
| Trade debts | 44 | €83,406 | €159,830 | +€76,424 | +91.6% |
| Suppliers | 440/4 | €83,406 | €159,830 | +€76,424 | +91.6% |
| Taxes, remuneration and social security | 45 | €17,175 | - | -€17,175 | |
| Taxes | 450/3 | €17,175 | - | -€17,175 | |
| Other amounts payable | 47/48 | €44,265 | €47,229 | +€2,965 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,609 | €21,210 | -€6,399 | -23.2% |
| Other operating charges | 640/8 | €1,188 | €481 | -€708 | -59.5% |
| Gross operating margin | 9900 | €240,169 | €41,499 | -€198,671 | -82.7% |
| Operating profit (loss) | 9901 | €211,372 | €19,808 | -€191,564 | -90.6% |
| Financial income | 75/76B | - | €1,380 | +€1,380 | |
| Recurring financial income | 75 | - | €1,380 | +€1,380 | |
| Financial charges | 65/66B | €6,673 | €5,376 | -€1,297 | -19.4% |
| Recurring financial charges | 65 | €6,673 | €5,376 | -€1,297 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €204,699 | €15,811 | -€188,887 | -92.3% |
| Income taxes | 67/77 | €47,175 | €5,615 | -€41,560 | -88.1% |
| Profit (loss) for the period | 9904 | €157,524 | €10,197 | -€147,327 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €157,524 | €10,197 | -€147,327 | -93.5% |
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 23 October 2026 via checked.be.