VR 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.
VR MUSIC
Largest movements
- Receivables within one year +€4,172
up €4,172 (+54.6%), from €7,641 to €11,813
of which Trade receivables: +€4,500
- Cash -€3,189
down €3,189 (-28.6%), from €11,162 to €7,974
mainly Investment in fixed assets (net) (-€10,041) and Net result for the year (-€8,057)
- Tangible fixed assets +€2,528
up €2,528 (+9.9%), from €25,510 to €28,037
of which Furniture and vehicles: +€7,270
- Deferred charges and accrued income -€1,524
down €1,524 (-47.1%), from €3,237 to €1,713
- Other debts +€15,288
up €15,288 (+46.0%), from €33,223 to €48,511
- Profit (loss) carried forward -€8,057
down €8,057 (-29.8%), from -€27,050 to -€35,107
- Debts after one year -€4,309
down €4,309 (-51.7%), from €8,333 to €4,024
- Tax, wage and social debts -€515
down €515 (-74.1%), from €695 to €180
- Trade debts -€503
down €503 (-73.5%), from €683 to €181
- Gross operating margin +€10,787
up €10,787, from -€10,162 to €626
- Other operating charges -€7,057
down €7,057 (-98.5%), from €7,168 to €111
- Financial charges -€1,077
down €1,077 (-64.5%), from €1,668 to €591
of which Financial charges: -€1,079
- Depreciation -€554
down €554 (-6.9%), from €8,068 to €7,513
- Taxes +€500
new in 2025: €500
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,550 | €49,538 | +€1,988 | +4.2% |
| Fixed assets | 21/28 | €25,510 | €28,037 | +€2,528 | +9.9% |
| Tangible fixed assets | 22/27 | €25,510 | €28,037 | +€2,528 | +9.9% |
| Plant, machinery and equipment | 23 | €23,655 | €18,912 | -€4,742 | -20.0% |
| Furniture and vehicles | 24 | €1,855 | €9,125 | +€7,270 | +392% |
| Current assets | 29/58 | €22,040 | €21,500 | -€540 | -2.4% |
| Amounts receivable within one year | 40/41 | €7,641 | €11,813 | +€4,172 | +54.6% |
| Trade receivables | 40 | €7,000 | €11,500 | +€4,500 | +64.3% |
| Other amounts receivable | 41 | €641 | €313 | -€328 | -51.1% |
| Cash at bank and in hand | 54/58 | €11,162 | €7,974 | -€3,189 | -28.6% |
| Deferred charges and accrued income | 490/1 | €3,237 | €1,713 | -€1,524 | -47.1% |
| Total equity and liabilities | 10/49 | €47,550 | €49,538 | +€1,988 | +4.2% |
| Equity | 10/15 | €390 | -€7,667 | -€8,057 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,840 | €8,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,980 | €6,980 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,050 | -€35,107 | -€8,057 | -29.8% |
| Amounts payable | 17/49 | €47,160 | €57,204 | +€10,045 | +21.3% |
| Amounts payable after more than one year | 17 | €8,333 | €4,024 | -€4,309 | -51.7% |
| Financial debts | 170/4 | €8,333 | €4,024 | -€4,309 | -51.7% |
| Amounts payable within one year | 42/48 | €38,827 | €53,181 | +€14,354 | +37.0% |
| Current portion of amounts payable after more than one year | 42 | €4,226 | €4,309 | +€82 | +1.9% |
| Trade debts | 44 | €683 | €181 | -€503 | -73.5% |
| Suppliers | 440/4 | €683 | €181 | -€503 | -73.5% |
| Taxes, remuneration and social security | 45 | €695 | €180 | -€515 | -74.1% |
| Taxes | 450/3 | €695 | €180 | -€515 | -74.1% |
| Other amounts payable | 47/48 | €33,223 | €48,511 | +€15,288 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,068 | €7,513 | -€554 | -6.9% |
| Other operating charges | 640/8 | €7,168 | €111 | -€7,057 | -98.5% |
| Gross operating margin | 9900 | -€10,162 | €626 | +€10,787 | |
| Operating profit (loss) | 9901 | -€25,397 | -€6,999 | +€18,398 | +72.4% |
| Financial income | 75/76B | €15 | €34 | +€19 | +127% |
| Recurring financial income | 75 | €15 | €34 | +€19 | +127% |
| Financial charges | 65/66B | €1,668 | €591 | -€1,077 | -64.5% |
| Recurring financial charges | 65 | €1,668 | €590 | -€1,079 | -64.7% |
| Non-recurring financial charges | 66B | - | €2 | +€2 | |
| Profit (loss) for the period before taxes | 9903 | -€27,050 | -€7,556 | +€19,494 | +72.1% |
| Income taxes | 67/77 | - | €500 | +€500 | |
| Profit (loss) for the period | 9904 | -€27,050 | -€8,057 | +€18,994 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,050 | -€8,057 | +€18,994 | +70.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.