EFFECTIVE 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.
EFFECTIVE MEDIA
Largest movements
- Receivables within one year +€218,782
up €218,782 (+28.5%), from €766,392 to €985,174
of which Trade receivables: +€303,339
- Financial fixed assets +€172,500
new in 2025: €172,500
- Cash +€40,267
up €40,267 (+87.1%), from €46,244 to €86,511
mainly Net result for the year (+€119,352) and Trade debts (+€94,469)
- Tangible fixed assets -€26,811
down €26,811 (-26.3%), from €102,031 to €75,220
of which Plant, machinery and equipment: -€15,466
- Intangible fixed assets -€20,206
down €20,206 (-41.8%), from €48,342 to €28,136
- Trade debts +€94,469
up €94,469 (+25.4%), from €372,054 to €466,522
- Current portion of long-term debt +€93,560
new in 2025: €93,560
- Other debts +€83,289
up €83,289 (+153.6%), from €54,212 to €137,502
- Tax, wage and social debts +€63,526
up €63,526 (+60.4%), from €105,255 to €168,781
of which Taxes: +€44,147
- Accrued charges and deferred income +€49,642
up €49,642 (+29.3%), from €169,380 to €219,022
- Gross operating margin +€271,400
up €271,400 (+26.5%), from €1.0m to €1.3m
- Staff costs +€171,453
up €171,453 (+21.9%), from €784,493 to €955,946
- Taxes +€26,616
up €26,616 (+66.6%), from €39,994 to €66,610
- Other operating charges +€14,723
up €14,723 (+27.0%), from €54,437 to €69,160
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 | €1,073,772 | €1,461,677 | +€387,905 | +36.1% |
| Fixed assets | 21/28 | €150,372 | €275,856 | +€125,484 | +83.4% |
| Intangible fixed assets | 21 | €48,342 | €28,136 | -€20,206 | -41.8% |
| Tangible fixed assets | 22/27 | €102,031 | €75,220 | -€26,811 | -26.3% |
| Plant, machinery and equipment | 23 | €37,456 | €21,990 | -€15,466 | -41.3% |
| Furniture and vehicles | 24 | €18,570 | €14,902 | -€3,667 | -19.7% |
| Other tangible fixed assets | 26 | €46,005 | €38,327 | -€7,677 | -16.7% |
| Financial fixed assets | 28 | - | €172,500 | +€172,500 | |
| Current assets | 29/58 | €923,399 | €1,185,820 | +€262,421 | +28.4% |
| Stocks and contracts in progress | 3 | €100,000 | €100,000 | = | 0.0% |
| Contracts in progress | 37 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €766,392 | €985,174 | +€218,782 | +28.5% |
| Trade receivables | 40 | €526,109 | €829,448 | +€303,339 | +57.7% |
| Other amounts receivable | 41 | €240,283 | €155,726 | -€84,557 | -35.2% |
| Cash at bank and in hand | 54/58 | €46,244 | €86,511 | +€40,267 | +87.1% |
| Deferred charges and accrued income | 490/1 | €10,764 | €14,136 | +€3,372 | +31.3% |
| Total equity and liabilities | 10/49 | €1,073,772 | €1,461,677 | +€387,905 | +36.1% |
| Equity | 10/15 | €107,092 | €118,915 | +€11,823 | +11.0% |
| Contributions | 10/11 | €329,195 | €329,195 | = | 0.0% |
| Capital | 10 | €329,195 | €329,195 | = | 0.0% |
| Issued capital | 100 | €329,195 | €329,195 | = | 0.0% |
| Reserves | 13 | €73,750 | €73,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,750 | €6,750 | = | 0.0% |
| Legal reserve | 130 | €6,750 | €6,750 | = | 0.0% |
| Distributable reserves | 133 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€295,853 | -€284,030 | +€11,823 | +4.0% |
| Amounts payable | 17/49 | €966,679 | €1,342,762 | +€376,082 | +38.9% |
| Amounts payable within one year | 42/48 | €797,299 | €1,123,739 | +€326,440 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | - | €93,560 | +€93,560 | |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €372,054 | €466,522 | +€94,469 | +25.4% |
| Suppliers | 440/4 | €372,054 | €466,522 | +€94,469 | +25.4% |
| Advances received on contracts in progress | 46 | €15,778 | €7,375 | -€8,403 | -53.3% |
| Taxes, remuneration and social security | 45 | €105,255 | €168,781 | +€63,526 | +60.4% |
| Taxes | 450/3 | €35,698 | €79,845 | +€44,147 | +123.7% |
| Remuneration and social security | 454/9 | €69,557 | €88,935 | +€19,379 | +27.9% |
| Other amounts payable | 47/48 | €54,212 | €137,502 | +€83,289 | +153.6% |
| Accrued charges and deferred income | 492/3 | €169,380 | €219,022 | +€49,642 | +29.3% |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Remuneration, social security and pensions | 62 | €784,493 | €955,946 | +€171,453 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,060 | €53,771 | -€1,288 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €54,437 | €69,160 | +€14,723 | +27.0% |
| Non-recurring operating charges | 66A | €279 | €0 | -€279 | -100.0% |
| Gross operating margin | 9900 | €1,023,315 | €1,294,715 | +€271,400 | +26.5% |
| Operating profit (loss) | 9901 | €129,047 | €215,839 | +€86,792 | +67.3% |
| Financial income | 75/76B | €499 | €7,149 | +€6,650 | +1332.1% |
| Recurring financial income | 75 | €499 | €7,149 | +€6,650 | +1332.1% |
| Financial charges | 65/66B | €33,639 | €37,025 | +€3,387 | +10.1% |
| Recurring financial charges | 65 | €33,639 | €37,025 | +€3,387 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €95,908 | €185,963 | +€90,055 | +93.9% |
| Income taxes | 67/77 | €39,994 | €66,610 | +€26,616 | +66.6% |
| Profit (loss) for the period | 9904 | €55,914 | €119,352 | +€63,438 | +113.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,914 | €119,352 | +€63,438 | +113.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.