PAFFF MUSIC: what changed
PAFFF MUSIC
Largest movements
- Deferred charges and accrued income -€9,385
down €9,385 (-75.8%), from €12,385 to €3,000
- Cash -€8,512
down €8,512 (-50.1%), from €16,975 to €8,463
mainly Accrued charges and deferred income (-€26,270) and Other debts (-€5,515)
- Receivables after one year +€3,295
up €3,295 (+135%), from €2,441 to €5,735
of which Trade receivables: +€3,209
- Tangible fixed assets +€1,950
up €1,950 (+401%), from €486 to €2,436
of which Furniture and vehicles: +€2,436
- Intangible fixed assets +€1,416
new in 2025: €1,416
- Accrued charges and deferred income -€26,270
down €26,270 (-84.0%), from €31,270 to €5,000
- Profit (loss) carried forward +€18,209
up €18,209, from -€7,579 to €10,631
- Other debts -€5,515
no longer reported in 2025 (was €5,515)
- Tax, wage and social debts +€2,928
up €2,928 (+5,309%), from €55 to €2,983
of which Remuneration and social security: +€2,337
- Trade debts -€589
down €589 (-58.9%), from €1,000 to €411
- Turnover +€51,909
up €51,909 (+219%), from €23,655 to €75,565
- Gross operating margin +€30,678
up €30,678, from -€235 to €30,443
- Purchases and services +€21,231
up €21,231 (+88.9%), from €23,891 to €45,122
- Taxes +€5,887
up €5,887 (+2,101%), from €280 to €6,167
- Staff costs +€3,849
up €3,849 (+312%), from €1,232 to €5,080
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,286 | €21,050 | -€11,236 | -34.8% |
| Fixed assets | 21/28 | €486 | €3,852 | +€3,366 | +692% |
| Intangible fixed assets | 21 | - | €1,416 | +€1,416 | |
| Tangible fixed assets | 22/27 | €486 | €2,436 | +€1,950 | +401% |
| Plant, machinery and equipment | 23 | €486 | - | -€486 | |
| Furniture and vehicles | 24 | - | €2,436 | +€2,436 | |
| Current assets | 29/58 | €31,800 | €17,198 | -€14,602 | -45.9% |
| Amounts receivable after more than one year | 29 | €2,441 | €5,735 | +€3,295 | +135% |
| Trade receivables | 290 | €2,024 | €5,233 | +€3,209 | +159% |
| Other amounts receivable | 291 | €417 | €502 | +€85 | +20.5% |
| Cash at bank and in hand | 54/58 | €16,975 | €8,463 | -€8,512 | -50.1% |
| Deferred charges and accrued income | 490/1 | €12,385 | €3,000 | -€9,385 | -75.8% |
| Total equity and liabilities | 10/49 | €32,286 | €21,050 | -€11,236 | -34.8% |
| Equity | 10/15 | -€5,554 | €12,656 | +€18,209 | |
| Contributions | 10/11 | €2,025 | €2,025 | = | 0.0% |
| Capital | 10 | €2,025 | - | -€2,025 | |
| Issued capital | 100 | €2,025 | - | -€2,025 | |
| Profit (loss) carried forward | 14 | -€7,579 | €10,631 | +€18,209 | |
| Amounts payable | 17/49 | €37,840 | €8,395 | -€29,445 | -77.8% |
| Amounts payable within one year | 42/48 | €6,570 | €3,395 | -€3,175 | -48.3% |
| Trade debts | 44 | €1,000 | €411 | -€589 | -58.9% |
| Suppliers | 440/4 | €1,000 | €411 | -€589 | -58.9% |
| Taxes, remuneration and social security | 45 | €55 | €2,983 | +€2,928 | +5,309% |
| Taxes | 450/3 | €55 | €646 | +€591 | +1,072% |
| Remuneration and social security | 454/9 | - | €2,337 | +€2,337 | |
| Other amounts payable | 47/48 | €5,515 | - | -€5,515 | |
| Accrued charges and deferred income | 492/3 | €31,270 | €5,000 | -€26,270 | -84.0% |
| Turnover | 70 | €23,655 | €75,565 | +€51,909 | +219% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,891 | €45,122 | +€21,231 | +88.9% |
| Remuneration, social security and pensions | 62 | €1,232 | €5,080 | +€3,849 | +312% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €904 | +€634 | +234% |
| Other operating charges | 640/8 | €206 | - | -€206 | |
| Non-recurring operating charges | 66A | - | €83 | +€83 | |
| Gross operating margin | 9900 | -€235 | €30,443 | +€30,678 | |
| Operating profit (loss) | 9901 | -€1,944 | €24,376 | +€26,320 | |
| Financial charges | 65/66B | €45 | - | -€45 | |
| Recurring financial charges | 65 | €45 | - | -€45 | |
| Profit (loss) for the period before taxes | 9903 | -€1,989 | €24,376 | +€26,365 | |
| Income taxes | 67/77 | €280 | €6,167 | +€5,887 | +2,101% |
| Profit (loss) for the period | 9904 | -€2,269 | €18,209 | +€20,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,269 | €18,209 | +€20,478 |
Next steps
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 7 November 2026 via checked.be.