WIELS 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
WIELS MUSIC
NACE 90.202, Performing arts by artistic ensembles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,308
2024 · -€188,644+€180,336
Equity
€930,575
2024 · €1.3m-€338,308
Cash
€267,258
2024 · €165,089+€102,169
Balance sheet total
€4.3m
2024 · €4.4m-€68,577
Largest movements
Assets
- Tangible fixed assets -€191,156
down €191,156 (-4.8%), from €4.0m to €3.8m
of which Land and buildings: -€100,634
- Cash +€102,169
up €102,169 (+61.9%), from €165,089 to €267,258
mainly Other debts (+€502,075) and Depreciation (+€198,736)
Equity and liabilities
- Other debts +€502,075
up €502,075 (+82.1%), from €611,537 to €1.1m
- Reserves -€337,840
down €337,840 (-27.0%), from €1.2m to €911,943
of which Distributable reserves: -€336,350
- Debts after one year -€231,539
down €231,539 (-10.0%), from €2.3m to €2.1m
of which Financial debts: -€231,539
Income statement
- Gross operating margin +€175,863
up €175,863 (+88.2%), from €199,339 to €375,201
- Depreciation -€43,290
down €43,290 (-17.9%), from €242,026 to €198,736
- Financial charges +€33,246
up €33,246 (+34.9%), from €95,351 to €128,597
- Financial income -€6,564
down €6,564 (-80.1%), from €8,196 to €1,632
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
-€188,644
Gross operating margin
+€175,863
Staff costs
+€43
Depreciation
+€43,290
Other operating charges
+€825
Financial income
-€6,564
Financial charges
-€33,246
Taxes
+€124
Result 2025
-€8,308
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
+€675,902
Investment
-€9,262
Financing
-€564,471
Cash 2024
€165,089
From operations (derived)
+€675,902
Net result for the year
-€8,308
Depreciation
+€198,736
Smaller working-capital items
+€500
Receivables within one year
-€27,980
Deferred charges and accrued income
+€9,107
Tax, wage and social debts
+€1,771
Other debts
+€502,075
Investment (derived)
-€9,262
Investment in fixed assets (net)
-€7,580
Current investments
-€1,682
Financing
-€564,471
Debts after one year
-€231,539
Current portion of long-term debt
-€2,725
Short-term financial debts
-€206
Contributions, distributions and other
-€330,000
Cash 2025
€267,258
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,350,064 | €4,281,488 | -€68,577 | -1.6% |
| Fixed assets | 21/28 | €3,958,861 | €3,767,705 | -€191,156 | -4.8% |
| Tangible fixed assets | 22/27 | €3,958,460 | €3,767,304 | -€191,156 | -4.8% |
| Land and buildings | 22 | €3,678,379 | €3,577,745 | -€100,634 | -2.7% |
| Plant, machinery and equipment | 23 | €12,818 | €6,889 | -€5,930 | -46.3% |
| Furniture and vehicles | 24 | €255,413 | €182,671 | -€72,742 | -28.5% |
| Other tangible fixed assets | 26 | €11,850 | €0 | -€11,850 | -100% |
| Financial fixed assets | 28 | €401 | €401 | = | 0.0% |
| Current assets | 29/58 | €391,203 | €513,783 | +€122,580 | +31.3% |
| Amounts receivable after more than one year | 29 | €144 | €0 | -€144 | -100% |
| Other amounts receivable | 291 | €144 | €0 | -€144 | -100% |
| Amounts receivable within one year | 40/41 | €70,736 | €98,715 | +€27,980 | +39.6% |
| Trade receivables | 40 | €52,938 | €82,496 | +€29,558 | +55.8% |
| Other amounts receivable | 41 | €17,798 | €16,220 | -€1,578 | -8.9% |
| Current investments | 50/53 | €142,400 | €144,081 | +€1,682 | +1.2% |
| Cash at bank and in hand | 54/58 | €165,089 | €267,258 | +€102,169 | +61.9% |
| Deferred charges and accrued income | 490/1 | €12,835 | €3,728 | -€9,107 | -71.0% |
| Total equity and liabilities | 10/49 | €4,350,064 | €4,281,488 | -€68,577 | -1.6% |
| Equity | 10/15 | €1,268,883 | €930,575 | -€338,308 | -26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,249,783 | €911,943 | -€337,840 | -27.0% |
| Tax-exempt reserves | 132 | €23,083 | €21,593 | -€1,490 | -6.5% |
| Distributable reserves | 133 | €1,226,700 | €890,350 | -€336,350 | -27.4% |
| Profit (loss) carried forward | 14 | €500 | €32 | -€468 | -93.5% |
| Provisions and deferred taxes | 16 | €5,712 | €5,340 | -€373 | -6.5% |
| Deferred taxes | 168 | €5,712 | €5,340 | -€373 | -6.5% |
| Amounts payable | 17/49 | €3,075,469 | €3,345,573 | +€270,104 | +8.8% |
| Amounts payable after more than one year | 17 | €2,304,580 | €2,073,040 | -€231,539 | -10.0% |
| Financial debts | 170/4 | €2,303,404 | €2,071,865 | -€231,539 | -10.1% |
| Other amounts payable | 178/9 | €1,176 | €1,176 | = | 0.0% |
| Amounts payable within one year | 42/48 | €770,889 | €1,272,532 | +€501,643 | +65.1% |
| Current portion of amounts payable after more than one year | 42 | €88,954 | €86,229 | -€2,725 | -3.1% |
| Financial debts | 43 | €2,456 | €2,250 | -€206 | -8.4% |
| Other loans | 439 | €2,456 | €2,250 | -€206 | -8.4% |
| Trade debts | 44 | €38,060 | €38,788 | +€728 | +1.9% |
| Suppliers | 440/4 | €38,060 | €38,788 | +€728 | +1.9% |
| Taxes, remuneration and social security | 45 | €29,881 | €31,653 | +€1,771 | +5.9% |
| Taxes | 450/3 | €20,830 | €24,691 | +€3,861 | +18.5% |
| Remuneration and social security | 454/9 | €9,051 | €6,962 | -€2,089 | -23.1% |
| Other amounts payable | 47/48 | €611,537 | €1,113,612 | +€502,075 | +82.1% |
| Remuneration, social security and pensions | 62 | €39,775 | €39,732 | -€43 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242,026 | €198,736 | -€43,290 | -17.9% |
| Other operating charges | 640/8 | €18,319 | €17,494 | -€825 | -4.5% |
| Gross operating margin | 9900 | €199,339 | €375,201 | +€175,863 | +88.2% |
| Operating profit (loss) | 9901 | -€100,782 | €119,240 | +€220,021 | |
| Financial income | 75/76B | €8,196 | €1,632 | -€6,564 | -80.1% |
| Recurring financial income | 75 | €8,196 | €1,632 | -€6,564 | -80.1% |
| Financial charges | 65/66B | €95,351 | €128,597 | +€33,246 | +34.9% |
| Recurring financial charges | 65 | €95,351 | €128,597 | +€33,246 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | -€187,937 | -€7,726 | +€180,211 | +95.9% |
| Transfer from deferred taxes | 780 | €373 | €373 | = | 0.0% |
| Income taxes | 67/77 | €1,079 | €955 | -€124 | -11.5% |
| Profit (loss) for the period | 9904 | -€188,644 | -€8,308 | +€180,336 | +95.6% |
| Transfer from tax-exempt reserves | 789 | €1,490 | €1,490 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,154 | -€6,818 | +€180,336 | +96.4% |
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.