UNIVERSAL 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.
What changed
UNIVERSAL MUSIC
NACE 59.203, Motion picture, video and television programme production, sound recording and music publishing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €2.4m-€1.1m
Equity
€18.6m
2024 · €17.4m+€1.2m
Cash
€274,694
2024 · €377,251-€102,557
Balance sheet total
€39.4m
2024 · €38.9m+€465,858
Largest movements
Assets
- Receivables within one year +€619,176
up €619,176 (+1.6%), from €38.0m to €38.6m
of which Other amounts receivable: +€1.4m
Equity and liabilities
- Profit (loss) carried forward +€1.0m
up €1.0m (+37.8%), from €2.7m to €3.7m
- Tax, wage and social debts -€760,215
down €760,215 (-53.8%), from €1.4m to €653,686
of which Taxes: -€464,510
Income statement
- Services and other goods -€1.1m
down €1.1m (-17.8%), from €6.4m to €5.3m
- Goods and materials +€908,314
up €908,314 (+2.6%), from €34.6m to €35.5m
- Staff costs +€528,365
up €528,365 (+12.0%), from €4.4m to €4.9m
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.
Result 2024
€2.4m
Turnover
-€7,401
Other operating income
-€210,451
Goods and materials
-€908,314
Services and other goods
+€1.1m
Staff costs
-€528,365
Depreciation
+€14,511
Other operating charges
+€3,531
Financial income
-€311,347
Financial charges
+€5,045
Taxes
-€343,887
Result 2025
€1.2m
raises the resultlowers the result
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.
From operations
-€102,373
Investment
-€183
Financing
-€1
Cash 2024
€377,251
From operations (derived)
-€102,373
Net result for the year
+€1.2m
Depreciation
+€86,314
Receivables within one year
-€619,176
Deferred charges and accrued income
-€35,369
Trade debts
+€153,932
Tax, wage and social debts
-€760,215
Accrued charges and deferred income
-€137,722
Investment (derived)
-€183
Investment in fixed assets (net)
-€183
Financing
-€1
Contributions, distributions and other
-€1
Cash 2025
€274,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,908,366 | €39,374,224 | +€465,858 | +1.2% |
| Fixed assets | 21/28 | €344,393 | €258,262 | -€86,131 | -25.0% |
| Tangible fixed assets | 22/27 | €338,999 | €252,868 | -€86,131 | -25.4% |
| Furniture and vehicles | 24 | €11,810 | - | -€11,810 | |
| Other tangible fixed assets | 26 | €327,189 | €252,868 | -€74,321 | -22.7% |
| Financial fixed assets | 28 | €5,394 | €5,394 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,394 | €5,394 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,394 | €5,394 | = | 0.0% |
| Current assets | 29/58 | €38,563,974 | €39,115,963 | +€551,989 | +1.4% |
| Amounts receivable within one year | 40/41 | €37,979,490 | €38,598,666 | +€619,176 | +1.6% |
| Trade receivables | 40 | €2,244,600 | €1,452,890 | -€791,711 | -35.3% |
| Other amounts receivable | 41 | €35,734,890 | €37,145,776 | +€1.4m | +3.9% |
| Cash at bank and in hand | 54/58 | €377,251 | €274,694 | -€102,557 | -27.2% |
| Deferred charges and accrued income | 490/1 | €207,233 | €242,602 | +€35,369 | +17.1% |
| Total equity and liabilities | 10/49 | €38,908,366 | €39,374,224 | +€465,858 | +1.2% |
| Equity | 10/15 | €17,386,393 | €18,596,255 | +€1.2m | +7.0% |
| Contributions | 10/11 | €14,520,712 | €14,520,712 | = | 0.0% |
| Capital | 10 | €14,520,712 | €14,520,712 | = | 0.0% |
| Issued capital | 100 | €14,520,712 | €14,520,712 | = | 0.0% |
| Reserves | 13 | €170,502 | €362,649 | +€192,146 | +113% |
| Non-distributable reserves | 130/1 | €170,502 | €362,649 | +€192,146 | +113% |
| Legal reserve | 130 | €170,502 | €362,649 | +€192,146 | +113% |
| Profit (loss) carried forward | 14 | €2,695,178 | €3,712,894 | +€1.0m | +37.8% |
| Amounts payable | 17/49 | €21,521,974 | €20,777,969 | -€744,005 | -3.5% |
| Amounts payable within one year | 42/48 | €21,384,251 | €20,777,969 | -€606,283 | -2.8% |
| Trade debts | 44 | €19,970,351 | €20,124,283 | +€153,932 | +0.8% |
| Suppliers | 440/4 | €19,970,351 | €20,124,283 | +€153,932 | +0.8% |
| Taxes, remuneration and social security | 45 | €1,413,901 | €653,686 | -€760,215 | -53.8% |
| Taxes | 450/3 | €520,824 | €56,314 | -€464,510 | -89.2% |
| Remuneration and social security | 454/9 | €893,077 | €597,372 | -€295,705 | -33.1% |
| Accrued charges and deferred income | 492/3 | €137,722 | - | -€137,722 | |
| Operating income | 70/76A | €47,277,360 | €47,059,507 | -€217,853 | -0.5% |
| Turnover | 70 | €46,315,999 | €46,308,597 | -€7,401 | 0.0% |
| Other operating income | 74 | €961,361 | €750,910 | -€210,451 | -21.9% |
| Operating charges | 60/66A | €45,487,486 | €45,760,923 | +€273,437 | +0.6% |
| Goods for resale, raw materials and consumables | 60 | €34,565,688 | €35,474,002 | +€908,314 | +2.6% |
| Purchases | 600/8 | €34,565,688 | €35,474,002 | +€908,314 | +2.6% |
| Services and other goods | 61 | €6,423,740 | €5,278,541 | -€1.1m | -17.8% |
| Remuneration, social security and pensions | 62 | €4,386,061 | €4,914,426 | +€528,365 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,825 | €86,314 | -€14,511 | -14.4% |
| Other operating charges | 640/8 | €11,171 | €7,640 | -€3,531 | -31.6% |
| Operating profit (loss) | 9901 | €1,789,874 | €1,298,584 | -€491,290 | -27.4% |
| Financial income | 75/76B | €899,554 | €588,207 | -€311,347 | -34.6% |
| Recurring financial income | 75 | €899,554 | €588,207 | -€311,347 | -34.6% |
| Income from current assets | 751 | €898,043 | €587,064 | -€310,978 | -34.6% |
| Other financial income | 752/9 | €1,511 | €1,143 | -€369 | -24.4% |
| Financial charges | 65/66B | €68,961 | €63,916 | -€5,045 | -7.3% |
| Recurring financial charges | 65 | €68,961 | €63,916 | -€5,045 | -7.3% |
| Debt charges | 650 | €54,890 | €63,916 | +€9,026 | +16.4% |
| Other financial charges | 652/9 | €14,071 | - | -€14,071 | |
| Profit (loss) for the period before taxes | 9903 | €2,620,467 | €1,822,875 | -€797,592 | -30.4% |
| Income taxes | 67/77 | €269,124 | €613,011 | +€343,887 | +128% |
| Taxes | 670/3 | €269,124 | €613,011 | +€343,887 | +128% |
| Profit (loss) for the period | 9904 | €2,351,343 | €1,209,863 | -€1.1m | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,351,343 | €1,209,863 | -€1.1m | -48.5% |
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 28 October 2026 via checked.be.