CECAN 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.
CECAN MEDIA
Largest movements
- Financial fixed assets +€118.1m
up €118.1m (+308%), from €38.4m to €156.5m
- Receivables within one year +€11.7m
up €11.7m (+1,146%), from €1.0m to €12.7m
- Cash -€6.4m
down €6.4m (-93.8%), from €6.8m to €422,373
mainly Investment in fixed assets (net) (-€118.1m) and Receivables within one year (-€11.7m)
- Contributions +€104.8m
up €104.8m (+416%), from €25.2m to €130.0m
- Other debts +€16.0m
new in 2025: €16.0m
- Profit (loss) carried forward +€1.8m
up €1.8m (+8.9%), from €19.7m to €21.5m
- Financial income +€16.3m
up €16.3m (+477%), from €3.4m to €19.7m
of which Non-recurring financial income: +€14.3m
- Financial charges +€939,291
up €939,291 (+625,277%), from €150 to €939,441
of which Non-recurring financial charges: +€937,339
- Gross operating margin -€31,454
down €31,454 (-2,389%), from -€1,316 to -€32,771
- Other operating charges +€1,094
new in 2025: €1,094
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 | €46,250,985 | €169,664,954 | +€123.4m | +267% |
| Fixed assets | 21/28 | €38,384,906 | €156,510,000 | +€118.1m | +308% |
| Financial fixed assets | 28 | €38,384,906 | €156,510,000 | +€118.1m | +308% |
| Current assets | 29/58 | €7,866,079 | €13,154,954 | +€5.3m | +67.2% |
| Amounts receivable within one year | 40/41 | €1,021,841 | €12,732,581 | +€11.7m | +1,146% |
| Other amounts receivable | 41 | €1,021,841 | €12,732,581 | +€11.7m | +1,146% |
| Cash at bank and in hand | 54/58 | €6,844,238 | €422,373 | -€6.4m | -93.8% |
| Total equity and liabilities | 10/49 | €46,250,985 | €169,664,954 | +€123.4m | +267% |
| Equity | 10/15 | €46,165,978 | €153,659,012 | +€107.5m | +233% |
| Contributions | 10/11 | €25,205,000 | €130,011,067 | +€104.8m | +416% |
| Capital | 10 | €25,205,000 | €130,011,067 | +€104.8m | +416% |
| Issued capital | 100 | €25,205,000 | €130,011,067 | +€104.8m | +416% |
| Reserves | 13 | €1,220,977 | €2,155,622 | +€934,645 | +76.5% |
| Non-distributable reserves | 130/1 | €1,220,977 | €2,155,622 | +€934,645 | +76.5% |
| Legal reserve | 130 | €1,220,977 | €2,155,622 | +€934,645 | +76.5% |
| Profit (loss) carried forward | 14 | €19,740,001 | €21,492,322 | +€1.8m | +8.9% |
| Amounts payable | 17/49 | €85,007 | €16,005,942 | +€15.9m | +18,729% |
| Amounts payable within one year | 42/48 | - | €16,005,942 | +€16.0m | |
| Other amounts payable | 47/48 | - | €16,005,942 | +€16.0m | |
| Accrued charges and deferred income | 492/3 | €85,007 | - | -€85,007 | |
| Non-recurring operating income | 76A | €123 | - | -€123 | |
| Other operating charges | 640/8 | - | €1,094 | +€1,094 | |
| Gross operating margin | 9900 | -€1,316 | -€32,771 | -€31,454 | -2,389% |
| Operating profit (loss) | 9901 | -€1,316 | -€33,864 | -€32,548 | -2,472% |
| Financial income | 75/76B | €3,406,137 | €19,666,214 | +€16.3m | +477% |
| Recurring financial income | 75 | €3,406,137 | €5,409,848 | +€2.0m | +58.8% |
| Non-recurring financial income | 76B | - | €14,256,366 | +€14.3m | |
| Financial charges | 65/66B | €150 | €939,441 | +€939,291 | +625,277% |
| Recurring financial charges | 65 | €150 | €2,102 | +€1,952 | +1,299% |
| Non-recurring financial charges | 66B | - | €937,339 | +€937,339 | |
| Profit (loss) for the period before taxes | 9903 | €3,404,670 | €18,692,908 | +€15.3m | +449% |
| Profit (loss) for the period | 9904 | €3,404,670 | €18,692,908 | +€15.3m | +449% |
| Profit (loss) for the period to be appropriated | 9905 | €3,404,670 | €18,692,908 | +€15.3m | +449% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.