Binders 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.
Binders Media
Largest movements
- Cash -€121,044
down €121,044 (-87.9%), from €137,776 to €16,732
mainly Net result for the year (-€519,605) and Investment in fixed assets (net) (-€323,087)
- Intangible fixed assets +€99,586
up €99,586 (+15.5%), from €640,528 to €740,114
- Receivables within one year -€42,099
down €42,099 (-4.2%), from €990,710 to €948,611
of which Trade receivables: -€40,782
- Profit (loss) carried forward -€519,605
down €519,605 (-37.6%), from -€1.4m to -€1.9m
- Accrued charges and deferred income +€370,265
up €370,265 (+38.4%), from €963,081 to €1.3m
- Debts after one year -€197,945
down €197,945 (-27.8%), from €711,636 to €513,691
- Short-term financial debts +€153,466
up €153,466 (+146%), from €105,054 to €258,519
- Trade debts +€102,783
up €102,783 (+13.5%), from €760,818 to €863,601
- Gross operating margin +€827,656
up €827,656, from -€565,290 to €262,366
- Staff costs -€189,758
down €189,758 (-27.2%), from €697,921 to €508,163
- Depreciation +€61,009
up €61,009 (+36.8%), from €166,002 to €227,011
- Financial charges +€13,637
up €13,637 (+43.8%), from €31,111 to €44,748
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 | €1,796,618 | €1,717,737 | -€78,881 | -4.4% |
| Fixed assets | 21/28 | €647,584 | €743,659 | +€96,075 | +14.8% |
| Intangible fixed assets | 21 | €640,528 | €740,114 | +€99,586 | +15.5% |
| Tangible fixed assets | 22/27 | €5,216 | €1,705 | -€3,511 | -67.3% |
| Plant, machinery and equipment | 23 | €789 | €376 | -€413 | -52.3% |
| Furniture and vehicles | 24 | €4,427 | €1,329 | -€3,098 | -70.0% |
| Financial fixed assets | 28 | €1,840 | €1,840 | = | 0.0% |
| Current assets | 29/58 | €1,149,035 | €974,078 | -€174,957 | -15.2% |
| Amounts receivable within one year | 40/41 | €990,710 | €948,611 | -€42,099 | -4.2% |
| Trade receivables | 40 | €988,940 | €948,157 | -€40,782 | -4.1% |
| Other amounts receivable | 41 | €1,771 | €454 | -€1,317 | -74.4% |
| Cash at bank and in hand | 54/58 | €137,776 | €16,732 | -€121,044 | -87.9% |
| Deferred charges and accrued income | 490/1 | €20,548 | €8,735 | -€11,814 | -57.5% |
| Total equity and liabilities | 10/49 | €1,796,618 | €1,717,737 | -€78,881 | -4.4% |
| Equity | 10/15 | -€1,136,720 | -€1,656,325 | -€519,605 | -45.7% |
| Contributions | 10/11 | €243,550 | €243,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,380,270 | -€1,899,875 | -€519,605 | -37.6% |
| Amounts payable | 17/49 | €2,933,338 | €3,374,062 | +€440,724 | +15.0% |
| Amounts payable after more than one year | 17 | €711,636 | €513,691 | -€197,945 | -27.8% |
| Financial debts | 170/4 | €711,636 | €513,691 | -€197,945 | -27.8% |
| Amounts payable within one year | 42/48 | €1,258,621 | €1,527,025 | +€268,404 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €153,674 | €217,602 | +€63,927 | +41.6% |
| Financial debts | 43 | €105,054 | €258,519 | +€153,466 | +146% |
| Credit institutions | 430/8 | €105,054 | €258,519 | +€153,466 | +146% |
| Trade debts | 44 | €760,818 | €863,601 | +€102,783 | +13.5% |
| Suppliers | 440/4 | €760,818 | €863,601 | +€102,783 | +13.5% |
| Advances received on contracts in progress | 46 | €56,655 | €56,655 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €182,224 | €130,451 | -€51,773 | -28.4% |
| Taxes | 450/3 | €56,853 | €38,771 | -€18,082 | -31.8% |
| Remuneration and social security | 454/9 | €125,371 | €91,680 | -€33,691 | -26.9% |
| Other amounts payable | 47/48 | €196 | €196 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €963,081 | €1,333,346 | +€370,265 | +38.4% |
| Non-recurring operating income | 76A | - | €537 | +€537 | |
| Remuneration, social security and pensions | 62 | €697,921 | €508,163 | -€189,758 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,002 | €227,011 | +€61,009 | +36.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €740 | +€740 | |
| Other operating charges | 640/8 | €2,671 | €1,491 | -€1,180 | -44.2% |
| Gross operating margin | 9900 | -€565,290 | €262,366 | +€827,656 | |
| Operating profit (loss) | 9901 | -€1,431,885 | -€475,040 | +€956,845 | +66.8% |
| Financial income | 75/76B | €221 | €1,063 | +€842 | +381% |
| Recurring financial income | 75 | €221 | €855 | +€634 | +287% |
| Non-recurring financial income | 76B | - | €208 | +€208 | |
| Financial charges | 65/66B | €31,111 | €44,748 | +€13,637 | +43.8% |
| Recurring financial charges | 65 | €31,111 | €44,748 | +€13,637 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,462,775 | -€518,724 | +€944,051 | +64.5% |
| Income taxes | 67/77 | €4,683 | €881 | -€3,802 | -81.2% |
| Profit (loss) for the period | 9904 | -€1,467,458 | -€519,605 | +€947,853 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,467,458 | -€519,605 | +€947,853 | +64.6% |
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 20 October 2026 via checked.be.