Based on Media: what changed
Two fiscal 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.
Based on Media
Largest movements
- Cash +€52,603
up €52,603 (+45.7%), from €115,014 to €167,617
mainly Net result for the year (+€70,834) and Receivables within one year (+€13,955)
- Current investments +€22,938
up €22,938 (+11.0%), from €208,417 to €231,355
- Receivables within one year -€13,955
down €13,955 (-48.9%), from €28,531 to €14,576
of which Other amounts receivable: -€13,955
- Financial fixed assets +€5,687
up €5,687 (+8.1%), from €69,861 to €75,548
- Reserves +€70,834
up €70,834 (+17.5%), from €404,178 to €475,012
- Other debts -€15,330
down €15,330 (-100.0%), from €15,330 to €0
- Tax, wage and social debts +€6,748
up €6,748 (+186.8%), from €3,613 to €10,361
- Gross operating margin +€10,522
up €10,522 (+11.8%), from €89,019 to €99,541
- Financial income +€5,951
up €5,951 (+231.8%), from €2,567 to €8,519
- Taxes +€4,972
up €4,972 (+20.7%), from €24,034 to €29,005
- Depreciation -€4,067
down €4,067 (-50.7%), from €8,016 to €3,949
- Financial charges +€2,380
up €2,380 (+4258.2%), from €56 to €2,436
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 | €446,488 | €509,292 | +€62,804 | +14.1% |
| Fixed assets | 21/28 | €91,854 | €93,592 | +€1,738 | +1.9% |
| Tangible fixed assets | 22/27 | €21,993 | €18,044 | -€3,949 | -18.0% |
| Plant, machinery and equipment | 23 | €20,236 | €16,730 | -€3,507 | -17.3% |
| Furniture and vehicles | 24 | €1,757 | €1,315 | -€442 | -25.2% |
| Financial fixed assets | 28 | €69,861 | €75,548 | +€5,687 | +8.1% |
| Current assets | 29/58 | €354,634 | €415,700 | +€61,066 | +17.2% |
| Amounts receivable within one year | 40/41 | €28,531 | €14,576 | -€13,955 | -48.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €28,531 | €14,576 | -€13,955 | -48.9% |
| Current investments | 50/53 | €208,417 | €231,355 | +€22,938 | +11.0% |
| Cash at bank and in hand | 54/58 | €115,014 | €167,617 | +€52,603 | +45.7% |
| Deferred charges and accrued income | 490/1 | €2,672 | €2,151 | -€521 | -19.5% |
| Total equity and liabilities | 10/49 | €446,488 | €509,292 | +€62,804 | +14.1% |
| Equity | 10/15 | €424,178 | €495,012 | +€70,834 | +16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €404,178 | €475,012 | +€70,834 | +17.5% |
| Distributable reserves | 133 | €404,178 | €475,012 | +€70,834 | +17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,310 | €14,281 | -€8,030 | -36.0% |
| Amounts payable within one year | 42/48 | €22,310 | €14,281 | -€8,030 | -36.0% |
| Trade debts | 44 | €3,367 | €3,920 | +€553 | +16.4% |
| Suppliers | 440/4 | €3,367 | €3,920 | +€553 | +16.4% |
| Taxes, remuneration and social security | 45 | €3,613 | €10,361 | +€6,748 | +186.8% |
| Taxes | 450/3 | €3,613 | €10,361 | +€6,748 | +186.8% |
| Other amounts payable | 47/48 | €15,330 | €0 | -€15,330 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,016 | €3,949 | -€4,067 | -50.7% |
| Other operating charges | 640/8 | €451 | €1,836 | +€1,385 | +307.0% |
| Gross operating margin | 9900 | €89,019 | €99,541 | +€10,522 | +11.8% |
| Operating profit (loss) | 9901 | €80,552 | €93,756 | +€13,204 | +16.4% |
| Financial income | 75/76B | €2,567 | €8,519 | +€5,951 | +231.8% |
| Recurring financial income | 75 | €2,567 | €8,519 | +€5,951 | +231.8% |
| Financial charges | 65/66B | €56 | €2,436 | +€2,380 | +4258.2% |
| Recurring financial charges | 65 | €56 | €2,436 | +€2,380 | +4258.2% |
| Profit (loss) for the period before taxes | 9903 | €83,063 | €99,839 | +€16,776 | +20.2% |
| Income taxes | 67/77 | €24,034 | €29,005 | +€4,972 | +20.7% |
| Profit (loss) for the period | 9904 | €59,030 | €70,834 | +€11,804 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,030 | €70,834 | +€11,804 | +20.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.