SIDE BY SIDE MUSIC: what changed
What changed
SIDE BY SIDE MUSIC
NACE 47.540, Retail sale of electrical household appliances
filed annual accounts (NBB)
Net result for the year
-€199,068
2023 · €784,232-€983,300
Equity
€241,160
2023 · €440,228-€199,068
Cash
€5,411
2023 · €4,900+€510
Balance sheet total
€544,987
2023 · €544,133+€854
Largest movements
Assets
- Receivables within one year -€23,702
down €23,702 (-7.0%), from €340,274 to €316,571
of which Other amounts receivable: -€36,905
- Tangible fixed assets +€18,333
up €18,333 (+11.1%), from €164,492 to €182,825
- Deferred charges and accrued income +€5,714
up €5,714 (+16.6%), from €34,467 to €40,181
Equity and liabilities
- Profit (loss) carried forward -€199,068
down €199,068 (-52.6%), from €378,228 to €179,160
- Other debts +€132,401
new in 2024: €132,401
- Tax, wage and social debts +€112,742
up €112,742 (+22,148%), from €509 to €113,251
- Trade debts -€39,131
down €39,131 (-40.5%), from €96,581 to €57,450
- Short-term financial debts -€6,090
no longer reported in 2024 (was €6,090)
Income statement
- Gross operating margin -€907,582
down €907,582 (-97.4%), from €931,512 to €23,930
- Taxes +€112,742
new in 2024: €112,742
- Financial charges -€19,832
down €19,832 (-99.3%), from €19,968 to €136
Change in the result, 2023 to 2024
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 2023
€784,232
Gross operating margin
-€907,582
Staff costs
-€1,892
Depreciation
+€208
Other operating charges
+€2,408
Other operating items
+€16,376
Financial income
+€93
Financial charges
+€19,832
Taxes
-€112,742
Result 2024
-€199,068
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€132,205
Investment
-€125,605
Financing
-€6,090
Cash 2023
€4,900
From operations (derived)
+€132,205
Net result for the year
-€199,068
Depreciation
+€107,272
Receivables within one year
+€23,702
Deferred charges and accrued income
-€5,714
Trade debts
-€39,131
Tax, wage and social debts
+€112,742
Other debts
+€132,401
Investment (derived)
-€125,605
Investment in fixed assets (net)
-€125,605
Financing
-€6,090
Short-term financial debts
-€6,090
Cash 2024
€5,411
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,133 | €544,987 | +€854 | +0.2% |
| Fixed assets | 21/28 | €164,492 | €182,825 | +€18,333 | +11.1% |
| Tangible fixed assets | 22/27 | €164,492 | €182,825 | +€18,333 | +11.1% |
| Plant, machinery and equipment | 23 | €164,492 | €182,825 | +€18,333 | +11.1% |
| Current assets | 29/58 | €379,641 | €362,163 | -€17,478 | -4.6% |
| Amounts receivable within one year | 40/41 | €340,274 | €316,571 | -€23,702 | -7.0% |
| Trade receivables | 40 | - | €13,202 | +€13,202 | |
| Other amounts receivable | 41 | €340,274 | €303,369 | -€36,905 | -10.8% |
| Cash at bank and in hand | 54/58 | €4,900 | €5,411 | +€510 | +10.4% |
| Deferred charges and accrued income | 490/1 | €34,467 | €40,181 | +€5,714 | +16.6% |
| Total equity and liabilities | 10/49 | €544,133 | €544,987 | +€854 | +0.2% |
| Equity | 10/15 | €440,228 | €241,160 | -€199,068 | -45.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Profit (loss) carried forward | 14 | €378,228 | €179,160 | -€199,068 | -52.6% |
| Amounts payable | 17/49 | €103,905 | €303,827 | +€199,922 | +192% |
| Amounts payable after more than one year | 17 | €725 | €725 | = | 0.0% |
| Other amounts payable | 178/9 | €725 | €725 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,180 | €303,102 | +€199,922 | +194% |
| Financial debts | 43 | €6,090 | - | -€6,090 | |
| Other loans | 439 | €6,090 | - | -€6,090 | |
| Trade debts | 44 | €96,581 | €57,450 | -€39,131 | -40.5% |
| Suppliers | 440/4 | €96,581 | €57,450 | -€39,131 | -40.5% |
| Taxes, remuneration and social security | 45 | €509 | €113,251 | +€112,742 | +22,148% |
| Taxes | 450/3 | €509 | €113,251 | +€112,742 | +22,148% |
| Other amounts payable | 47/48 | - | €132,401 | +€132,401 | |
| Remuneration, social security and pensions | 62 | - | €1,892 | +€1,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,480 | €107,272 | -€208 | -0.2% |
| Other operating charges | 640/8 | €3,456 | €1,049 | -€2,408 | -69.7% |
| Non-recurring operating charges | 66A | €16,376 | - | -€16,376 | |
| Gross operating margin | 9900 | €931,512 | €23,930 | -€907,582 | -97.4% |
| Operating profit (loss) | 9901 | €804,200 | -€86,283 | -€890,483 | |
| Financial income | 75/76B | - | €93 | +€93 | |
| Recurring financial income | 75 | - | €93 | +€93 | |
| Financial charges | 65/66B | €19,968 | €136 | -€19,832 | -99.3% |
| Recurring financial charges | 65 | €19,968 | €136 | -€19,832 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €784,232 | -€86,326 | -€870,558 | |
| Income taxes | 67/77 | - | €112,742 | +€112,742 | |
| Profit (loss) for the period | 9904 | €784,232 | -€199,068 | -€983,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €784,232 | -€199,068 | -€983,300 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.