2 many media: 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.
2 many media
Largest movements
- Receivables within one year -€17,630
down €17,630 (-48.7%), from €36,168 to €18,537
of which Trade receivables: -€14,697
- Cash -€11,405
down €11,405 (-22.7%), from €50,149 to €38,744
mainly Contributions, distributions and other (-€12,500) and Trade debts (-€11,411)
- Trade debts -€11,411
down €11,411 (-77.6%), from €14,699 to €3,287
- Reserves -€6,293
down €6,293 (-7.1%), from €88,391 to €82,099
- Debts after one year -€6,250
down €6,250 (-7.3%), from €85,515 to €79,265
- Tax, wage and social debts -€4,455
down €4,455 (-39.0%), from €11,415 to €6,960
- Gross operating margin -€14,911
down €14,911 (-40.6%), from €36,738 to €21,827
- Taxes -€3,039
down €3,039 (-40.4%), from €7,530 to €4,491
- Other operating charges -€495
down €495 (-34.4%), from €1,440 to €944
- Depreciation +€380
up €380 (+5.0%), from €7,531 to €7,911
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 | €216,640 | €186,964 | -€29,677 | -13.7% |
| Fixed assets | 21/28 | €126,669 | €125,259 | -€1,409 | -1.1% |
| Tangible fixed assets | 22/27 | €126,669 | €125,259 | -€1,409 | -1.1% |
| Land and buildings | 22 | €116,213 | €116,728 | +€516 | +0.4% |
| Plant, machinery and equipment | 23 | €220 | €2,803 | +€2,584 | +1,176% |
| Furniture and vehicles | 24 | €10,236 | €5,727 | -€4,509 | -44.0% |
| Current assets | 29/58 | €89,972 | €61,704 | -€28,267 | -31.4% |
| Amounts receivable within one year | 40/41 | €36,168 | €18,537 | -€17,630 | -48.7% |
| Trade receivables | 40 | €30,225 | €15,528 | -€14,697 | -48.6% |
| Other amounts receivable | 41 | €5,942 | €3,009 | -€2,933 | -49.4% |
| Cash at bank and in hand | 54/58 | €50,149 | €38,744 | -€11,405 | -22.7% |
| Deferred charges and accrued income | 490/1 | €3,655 | €4,423 | +€769 | +21.0% |
| Total equity and liabilities | 10/49 | €216,640 | €186,964 | -€29,677 | -13.7% |
| Equity | 10/15 | €93,391 | €87,099 | -€6,293 | -6.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €88,391 | €82,099 | -€6,293 | -7.1% |
| Distributable reserves | 133 | €88,391 | €82,099 | -€6,293 | -7.1% |
| Amounts payable | 17/49 | €123,249 | €99,865 | -€23,384 | -19.0% |
| Amounts payable after more than one year | 17 | €85,515 | €79,265 | -€6,250 | -7.3% |
| Financial debts | 170/4 | €85,515 | €79,265 | -€6,250 | -7.3% |
| Amounts payable within one year | 42/48 | €34,233 | €17,744 | -€16,489 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €6,106 | €6,250 | +€144 | +2.4% |
| Trade debts | 44 | €14,699 | €3,287 | -€11,411 | -77.6% |
| Suppliers | 440/4 | €14,699 | €3,287 | -€11,411 | -77.6% |
| Taxes, remuneration and social security | 45 | €11,415 | €6,960 | -€4,455 | -39.0% |
| Taxes | 450/3 | €11,415 | €6,960 | -€4,455 | -39.0% |
| Other amounts payable | 47/48 | €2,014 | €1,247 | -€767 | -38.1% |
| Accrued charges and deferred income | 492/3 | €3,501 | €2,855 | -€645 | -18.4% |
| Non-recurring operating income | 76A | €11,091 | - | -€11,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,531 | €7,911 | +€380 | +5.0% |
| Other operating charges | 640/8 | €1,440 | €944 | -€495 | -34.4% |
| Gross operating margin | 9900 | €36,738 | €21,827 | -€14,911 | -40.6% |
| Operating profit (loss) | 9901 | €27,767 | €12,972 | -€14,795 | -53.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -89.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -89.7% |
| Financial charges | 65/66B | €2,529 | €2,274 | -€256 | -10.1% |
| Recurring financial charges | 65 | €2,529 | €2,274 | -€256 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €25,238 | €10,698 | -€14,540 | -57.6% |
| Income taxes | 67/77 | €7,530 | €4,491 | -€3,039 | -40.4% |
| Profit (loss) for the period | 9904 | €17,708 | €6,207 | -€11,501 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,708 | €6,207 | -€11,501 | -64.9% |
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 30 October 2026 via checked.be.