PRIMITIVE MUSIC: 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.
PRIMITIVE MUSIC
Largest movements
- Cash -€3,698
down €3,698 (-50.0%), from €7,402 to €3,704
mainly Net result for the year (-€11,846) and Debts after one year (-€5,812)
- Tangible fixed assets -€1,439
down €1,439 (-3.4%), from €42,191 to €40,752
of which Other tangible fixed assets: -€4,419
- Receivables within one year -€1,405
down €1,405 (-42.0%), from €3,344 to €1,939
of which Trade receivables: -€1,405
- Stocks and contracts +€1,254
up €1,254 (+263%), from €477 to €1,730
- Deferred charges and accrued income -€782
down €782 (-20.7%), from €3,782 to €3,000
- Profit (loss) carried forward -€11,846
down €11,846 (-22.8%), from -€52,021 to -€63,867
- Debts after one year -€5,812
down €5,812 (-37.8%), from €15,360 to €9,549
- Trade debts +€5,373
up €5,373 (+84.7%), from €6,340 to €11,713
- Tax, wage and social debts +€4,641
up €4,641 (+46.0%), from €10,081 to €14,721
of which Remuneration and social security: +€4,399
- Other debts +€1,189
up €1,189 (+46.0%), from €2,582 to €3,771
- Staff costs +€21,947
up €21,947 (+102%), from €21,596 to €43,544
- Gross operating margin +€15,324
up €15,324 (+58.3%), from €26,302 to €41,626
- Other operating charges +€689
up €689 (+31.6%), from €2,183 to €2,873
- Financial charges +€509
up €509 (+35.8%), from €1,421 to €1,930
- Depreciation -€434
down €434 (-7.3%), from €5,946 to €5,512
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,815 | €53,430 | -€6,386 | -10.7% |
| Fixed assets | 21/28 | €44,810 | €43,056 | -€1,754 | -3.9% |
| Intangible fixed assets | 21 | €519 | €204 | -€315 | -60.7% |
| Tangible fixed assets | 22/27 | €42,191 | €40,752 | -€1,439 | -3.4% |
| Plant, machinery and equipment | 23 | €915 | €4,046 | +€3,131 | +342% |
| Furniture and vehicles | 24 | €150 | - | -€150 | |
| Other tangible fixed assets | 26 | €41,125 | €36,706 | -€4,419 | -10.7% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €15,005 | €10,374 | -€4,631 | -30.9% |
| Stocks and contracts in progress | 3 | €477 | €1,730 | +€1,254 | +263% |
| Stocks | 30/36 | €477 | €1,730 | +€1,254 | +263% |
| Amounts receivable within one year | 40/41 | €3,344 | €1,939 | -€1,405 | -42.0% |
| Trade receivables | 40 | €3,314 | €1,909 | -€1,405 | -42.4% |
| Other amounts receivable | 41 | €30 | €30 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,402 | €3,704 | -€3,698 | -50.0% |
| Deferred charges and accrued income | 490/1 | €3,782 | €3,000 | -€782 | -20.7% |
| Total equity and liabilities | 10/49 | €59,815 | €53,430 | -€6,386 | -10.7% |
| Equity | 10/15 | €19,230 | €7,383 | -€11,846 | -61.6% |
| Contributions | 10/11 | €71,251 | €71,251 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,021 | -€63,867 | -€11,846 | -22.8% |
| Amounts payable | 17/49 | €40,586 | €46,046 | +€5,461 | +13.5% |
| Amounts payable after more than one year | 17 | €15,360 | €9,549 | -€5,812 | -37.8% |
| Financial debts | 170/4 | €15,360 | €9,549 | -€5,812 | -37.8% |
| Amounts payable within one year | 42/48 | €25,225 | €36,498 | +€11,272 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €6,222 | €6,292 | +€70 | +1.1% |
| Trade debts | 44 | €6,340 | €11,713 | +€5,373 | +84.7% |
| Suppliers | 440/4 | €6,340 | €11,713 | +€5,373 | +84.7% |
| Taxes, remuneration and social security | 45 | €10,081 | €14,721 | +€4,641 | +46.0% |
| Taxes | 450/3 | €4,037 | €4,279 | +€242 | +6.0% |
| Remuneration and social security | 454/9 | €6,043 | €10,442 | +€4,399 | +72.8% |
| Other amounts payable | 47/48 | €2,582 | €3,771 | +€1,189 | +46.0% |
| Remuneration, social security and pensions | 62 | €21,596 | €43,544 | +€21,947 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,946 | €5,512 | -€434 | -7.3% |
| Other operating charges | 640/8 | €2,183 | €2,873 | +€689 | +31.6% |
| Gross operating margin | 9900 | €26,302 | €41,626 | +€15,324 | +58.3% |
| Operating profit (loss) | 9901 | -€3,424 | -€10,301 | -€6,878 | -201% |
| Financial income | 75/76B | - | €385 | +€385 | |
| Recurring financial income | 75 | - | €385 | +€385 | |
| Financial charges | 65/66B | €1,421 | €1,930 | +€509 | +35.8% |
| Recurring financial charges | 65 | €1,421 | €1,930 | +€509 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,845 | -€11,846 | -€7,002 | -145% |
| Profit (loss) for the period | 9904 | -€4,845 | -€11,846 | -€7,002 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,845 | -€11,846 | -€7,002 | -145% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.