VCDF 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.
VCDF MUSIC
Largest movements
- Cash +€6,524
up €6,524 (+25.1%), from €25,943 to €32,468
mainly Accrued charges and deferred income (+€5,278) and Receivables within one year (+€3,415)
- Receivables within one year -€3,415
down €3,415 (-31.0%), from €11,004 to €7,589
of which Trade receivables: -€3,028
- Accrued charges and deferred income +€5,278
new in 2025: €5,278
- Trade debts -€1,900
down €1,900 (-55.8%), from €3,405 to €1,505
- Profit (loss) carried forward -€867
down €867 (-3.6%), from €24,231 to €23,364
- Other debts +€651
up €651 (+7.0%), from €9,335 to €9,986
- Turnover -€74,968
no longer reported in 2025 (was €74,968)
- Purchases and services -€49,614
no longer reported in 2025 (was €49,614)
- Gross operating margin -€18,595
down €18,595 (-73.3%), from €25,354 to €6,760
- Taxes +€6,244
new in 2025: €6,244
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.
Cash bridge derived
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 | €38,472 | €41,634 | +€3,162 | +8.2% |
| Fixed assets | 21/28 | €1,525 | €1,577 | +€52 | +3.4% |
| Tangible fixed assets | 22/27 | €1,162 | €1,214 | +€52 | +4.5% |
| Plant, machinery and equipment | 23 | €1,162 | €1,214 | +€52 | +4.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €36,947 | €40,056 | +€3,109 | +8.4% |
| Amounts receivable within one year | 40/41 | €11,004 | €7,589 | -€3,415 | -31.0% |
| Trade receivables | 40 | €10,315 | €7,287 | -€3,028 | -29.4% |
| Other amounts receivable | 41 | €689 | €302 | -€387 | -56.2% |
| Cash at bank and in hand | 54/58 | €25,943 | €32,468 | +€6,524 | +25.1% |
| Total equity and liabilities | 10/49 | €38,472 | €41,634 | +€3,162 | +8.2% |
| Equity | 10/15 | €25,731 | €24,864 | -€867 | -3.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,231 | €23,364 | -€867 | -3.6% |
| Amounts payable | 17/49 | €12,741 | €16,770 | +€4,029 | +31.6% |
| Amounts payable within one year | 42/48 | €12,741 | €11,492 | -€1,249 | -9.8% |
| Trade debts | 44 | €3,405 | €1,505 | -€1,900 | -55.8% |
| Suppliers | 440/4 | €3,405 | €1,505 | -€1,900 | -55.8% |
| Other amounts payable | 47/48 | €9,335 | €9,986 | +€651 | +7.0% |
| Accrued charges and deferred income | 492/3 | - | €5,278 | +€5,278 | |
| Turnover | 70 | €74,968 | - | -€74,968 | |
| Goods, raw materials, services and sundry goods | 60/61 | €49,614 | - | -€49,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €898 | +€317 | +54.5% |
| Other operating charges | 640/8 | €403 | €398 | -€5 | -1.2% |
| Gross operating margin | 9900 | €25,354 | €6,760 | -€18,595 | -73.3% |
| Operating profit (loss) | 9901 | €24,370 | €5,464 | -€18,906 | -77.6% |
| Financial charges | 65/66B | €139 | €88 | -€51 | -36.9% |
| Recurring financial charges | 65 | €139 | €88 | -€51 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €24,231 | €5,376 | -€18,855 | -77.8% |
| Income taxes | 67/77 | - | €6,244 | +€6,244 | |
| Profit (loss) for the period | 9904 | €24,231 | -€867 | -€25,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,231 | -€867 | -€25,099 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.