DPG Media Group: 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
DPG Media Group
NACE 62.100, Computer programming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€315.9m
2024 · €38.3m+€277.5m
Equity
€691.2m
2024 · €465.4m+€225.9m
Cash
€664,694
2024 · €419,747+€244,947
Balance sheet total
€1.31bn
2024 · €762.3m+€548.4m
Largest movements
Assets
- Financial fixed assets +€523.1m
up €523.1m (+117%), from €445.3m to €968.4m
of which Affiliated companies: +€523.1m
- Receivables after one year -€221.8m
down €221.8m (-72.6%), from €305.6m to €83.8m
- Receivables within one year +€172.3m
up €172.3m (+4,805%), from €3.6m to €175.9m
of which Other amounts receivable: +€149.5m
- Tangible fixed assets +€43.3m
new in 2025: €43.3m
of which Leasing and similar rights: +€31.1m
- Intangible fixed assets +€19.6m
new in 2025: €19.6m
Equity and liabilities
- Profit (loss) carried forward +€225.9m
up €225.9m (+88.1%), from €256.4m to €482.2m
- Current portion of long-term debt +€176.1m
new in 2025: €176.1m
- Other debts +€96.6m
up €96.6m (+197%), from €48.9m to €145.6m
- Trade debts +€21.1m
up €21.1m (+525%), from €4.0m to €25.1m
- Debts after one year +€17.0m
up €17.0m (+7.3%), from €233.8m to €250.8m
Income statement
- Financial income +€278.7m
up €278.7m (+496%), from €56.2m to €334.9m
of which Non-recurring financial income: +€275.5m
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
€38.3m
Staff costs
-€305,879
Provisions
-€43,516
Other operating charges
-€1,833
Other operating items
+€1.3m
Financial income
+€278.7m
Financial charges
-€2.1m
Taxes
-€21,655
Result 2025
€315.9m
raises the resultlowers the resultnot broken down further in the accounts
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
+€484.8m
Investment
-€587.6m
Financing
+€103.0m
Cash 2024
€419,747
From operations (derived)
+€484.8m
Net result for the year
+€315.9m
Receivables after one year
+€221.8m
Receivables within one year
-€172.3m
Deferred charges and accrued income
-€10.1m
Provisions
+€7.1m
Trade debts
+€21.1m
Tax, wage and social debts
+€5.2m
Other debts
+€96.6m
Accrued charges and deferred income
-€523,563
Investment (derived)
-€587.6m
Investment in fixed assets (net)
-€585.9m
Current investments
-€1.7m
Financing
+€103.0m
Debts after one year
+€17.0m
Current portion of long-term debt
+€176.1m
Contributions, distributions and other
-€90.0m
Cash 2025
€664,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €762,331,376 | €1,310,758,586 | +€548.4m | +71.9% |
| Fixed assets | 21/28 | €445,302,027 | €1,031,220,425 | +€585.9m | +132% |
| Intangible fixed assets | 21 | - | €19,572,854 | +€19.6m | |
| Tangible fixed assets | 22/27 | - | €43,279,569 | +€43.3m | |
| Land and buildings | 22 | - | €6,826,831 | +€6.8m | |
| Plant, machinery and equipment | 23 | - | €3,591,663 | +€3.6m | |
| Furniture and vehicles | 24 | - | €1,736,076 | +€1.7m | |
| Leasing and similar rights | 25 | - | €31,125,000 | +€31.1m | |
| Financial fixed assets | 28 | €445,302,027 | €968,368,001 | +€523.1m | +117% |
| Affiliated companies | 280/1 | €445,302,026 | €968,368,000 | +€523.1m | +117% |
| Participating interests | 280 | €445,302,026 | €968,368,000 | +€523.1m | +117% |
| Other financial fixed assets | 284/8 | €1 | €1 | = | 0.0% |
| Shares | 284 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €317,029,349 | €279,538,161 | -€37.5m | -11.8% |
| Amounts receivable after more than one year | 29 | €305,575,000 | €83,800,000 | -€221.8m | -72.6% |
| Other amounts receivable | 291 | €305,575,000 | €83,800,000 | -€221.8m | -72.6% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,585,420 | €175,854,115 | +€172.3m | +4,805% |
| Trade receivables | 40 | €2,382,834 | €25,110,296 | +€22.7m | +954% |
| Other amounts receivable | 41 | €1,202,586 | €150,743,818 | +€149.5m | +12,435% |
| Current investments | 50/53 | - | €1,701,448 | +€1.7m | |
| Other investments | 51/53 | - | €1,701,448 | +€1.7m | |
| Cash at bank and in hand | 54/58 | €419,747 | €664,694 | +€244,947 | +58.4% |
| Deferred charges and accrued income | 490/1 | €7,449,182 | €17,517,905 | +€10.1m | +135% |
| Total equity and liabilities | 10/49 | €762,331,376 | €1,310,758,586 | +€548.4m | +71.9% |
| Equity | 10/15 | €465,374,939 | €691,240,933 | +€225.9m | +48.5% |
| Contributions | 10/11 | €190,000,000 | €190,000,000 | = | 0.0% |
| Capital | 10 | €190,000,000 | €190,000,000 | = | 0.0% |
| Issued capital | 100 | €190,000,000 | €190,000,000 | = | 0.0% |
| Reserves | 13 | €19,000,000 | €19,000,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,000,000 | €19,000,000 | = | 0.0% |
| Legal reserve | 130 | €19,000,000 | €19,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,374,939 | €482,240,933 | +€225.9m | +88.1% |
| Provisions and deferred taxes | 16 | €2,076,716 | €9,216,751 | +€7.1m | +344% |
| Provisions for liabilities and charges | 160/5 | €2,076,716 | €9,216,751 | +€7.1m | +344% |
| Pensions and similar obligations | 160 | €2,076,716 | €2,629,751 | +€553,035 | +26.6% |
| Other liabilities and charges | 164/5 | - | €6,587,000 | +€6.6m | |
| Amounts payable | 17/49 | €294,879,722 | €610,300,902 | +€315.4m | +107% |
| Amounts payable after more than one year | 17 | €233,800,000 | €250,770,178 | +€17.0m | +7.3% |
| Financial debts | 170/4 | €233,800,000 | €250,770,178 | +€17.0m | +7.3% |
| Unsubordinated bonds | 171 | €233,800,000 | €83,800,000 | -€150.0m | -64.2% |
| Leasing and similar obligations | 172 | - | €25,065,415 | +€25.1m | |
| Credit institutions | 173 | - | €141,904,764 | +€141.9m | |
| Amounts payable within one year | 42/48 | €56,499,365 | €355,473,931 | +€299.0m | +529% |
| Current portion of amounts payable after more than one year | 42 | - | €176,052,851 | +€176.1m | |
| Trade debts | 44 | €4,014,476 | €25,099,741 | +€21.1m | +525% |
| Suppliers | 440/4 | €4,014,476 | €25,099,741 | +€21.1m | +525% |
| Taxes, remuneration and social security | 45 | €3,540,985 | €8,742,455 | +€5.2m | +147% |
| Taxes | 450/3 | €6,161 | €1,685,635 | +€1.7m | +27,260% |
| Remuneration and social security | 454/9 | €3,534,824 | €7,056,820 | +€3.5m | +99.6% |
| Other amounts payable | 47/48 | €48,943,905 | €145,578,885 | +€96.6m | +197% |
| Accrued charges and deferred income | 492/3 | €4,580,356 | €4,056,793 | -€523,563 | -11.4% |
| Operating income | 70/76A | €14,202,760 | €15,548,421 | +€1.3m | +9.5% |
| Other operating income | 74 | €14,202,760 | €15,548,421 | +€1.3m | +9.5% |
| Operating charges | 60/66A | €19,364,801 | €19,776,303 | +€411,501 | +2.1% |
| Services and other goods | 61 | €14,058,881 | €14,119,154 | +€60,273 | +0.4% |
| Remuneration, social security and pensions | 62 | €5,693,159 | €5,999,038 | +€305,879 | +5.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€390,039 | -€346,523 | +€43,516 | +11.2% |
| Other operating charges | 640/8 | €2,801 | €4,634 | +€1,833 | +65.5% |
| Operating profit (loss) | 9901 | -€5,162,042 | -€4,227,882 | +€934,160 | +18.1% |
| Financial income | 75/76B | €56,228,680 | €334,920,472 | +€278.7m | +496% |
| Recurring financial income | 75 | €56,228,680 | €59,371,620 | +€3.1m | +5.6% |
| Income from financial fixed assets | 750 | €40,000,000 | €40,000,000 | = | 0.0% |
| Income from current assets | 751 | €16,218,112 | €15,632,702 | -€585,409 | -3.6% |
| Other financial income | 752/9 | €10,568 | €3,738,918 | +€3.7m | +35,279% |
| Non-recurring financial income | 76B | - | €275,548,851 | +€275.5m | |
| Financial charges | 65/66B | €12,744,192 | €14,825,056 | +€2.1m | +16.3% |
| Recurring financial charges | 65 | €12,744,192 | €14,825,056 | +€2.1m | +16.3% |
| Debt charges | 650 | €10,918,679 | €12,024,223 | +€1.1m | +10.1% |
| Other financial charges | 652/9 | €1,825,513 | €2,800,833 | +€975,320 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €38,322,446 | €315,867,534 | +€277.5m | +724% |
| Income taxes | 67/77 | -€20,115 | €1,540 | +€21,655 | |
| Taxes | 670/3 | €1,750 | €1,750 | = | 0.0% |
| Tax adjustments and reversals of tax provisions | 77 | €21,865 | €210 | -€21,655 | -99.0% |
| Profit (loss) for the period | 9904 | €38,342,561 | €315,865,994 | +€277.5m | +724% |
| Profit (loss) for the period to be appropriated | 9905 | €38,342,561 | €315,865,994 | +€277.5m | +724% |
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 17 October 2026 via checked.be.