eMEDIA: 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.
eMEDIA
Largest movements
- Tangible fixed assets -€28,047
down €28,047 (-57.8%), from €48,508 to €20,461
of which Land and buildings: -€18,432
- Cash +€3,141
up €3,141 (+1062.2%), from €296 to €3,437
mainly Depreciation (+€32,077) and Other debts (+€25,014)
- Receivables within one year -€2,145
down €2,145 (-51.2%), from €4,192 to €2,047
of which Trade receivables: -€1,210
- Current investments -€1,145
down €1,145 (-100.0%), from €1,145 to €0
- Profit (loss) carried forward -€38,599
down €38,599 (-60.0%), from -€64,319 to -€102,918
- Other debts +€25,014
up €25,014 (+52.8%), from €47,417 to €72,432
- Debts after one year -€13,991
down €13,991 (-30.6%), from €45,789 to €31,798
- Current portion of long-term debt -€1,272
down €1,272 (-7.7%), from €16,535 to €15,263
- Short-term financial debts +€585
up €585 (+1154.9%), from €51 to €635
- Depreciation -€1,828
down €1,828 (-5.4%), from €33,905 to €32,077
- Gross operating margin +€1,095
up €1,095 (+30.9%), from -€3,544 to -€2,448
- Financial charges -€701
down €701 (-19.8%), from €3,543 to €2,842
- Other operating charges -€513
down €513 (-31.8%), from €1,615 to €1,102
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,749 | €27,203 | -€28,546 | -51.2% |
| Fixed assets | 21/28 | €48,508 | €20,461 | -€28,047 | -57.8% |
| Tangible fixed assets | 22/27 | €48,508 | €20,461 | -€28,047 | -57.8% |
| Land and buildings | 22 | €26,567 | €8,135 | -€18,432 | -69.4% |
| Furniture and vehicles | 24 | €21,941 | €12,326 | -€9,615 | -43.8% |
| Current assets | 29/58 | €7,241 | €6,742 | -€499 | -6.9% |
| Amounts receivable within one year | 40/41 | €4,192 | €2,047 | -€2,145 | -51.2% |
| Trade receivables | 40 | €2,420 | €1,210 | -€1,210 | -50.0% |
| Other amounts receivable | 41 | €1,772 | €837 | -€935 | -52.7% |
| Current investments | 50/53 | €1,145 | €0 | -€1,145 | -100.0% |
| Cash at bank and in hand | 54/58 | €296 | €3,437 | +€3,141 | +1062.2% |
| Deferred charges and accrued income | 490/1 | €1,608 | €1,258 | -€350 | -21.8% |
| Total equity and liabilities | 10/49 | €55,749 | €27,203 | -€28,546 | -51.2% |
| Equity | 10/15 | -€56,259 | -€94,858 | -€38,599 | -68.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,319 | -€102,918 | -€38,599 | -60.0% |
| Amounts payable | 17/49 | €112,008 | €122,062 | +€10,053 | +9.0% |
| Amounts payable after more than one year | 17 | €45,789 | €31,798 | -€13,991 | -30.6% |
| Financial debts | 170/4 | €45,789 | €31,798 | -€13,991 | -30.6% |
| Amounts payable within one year | 42/48 | €66,219 | €90,264 | +€24,045 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €16,535 | €15,263 | -€1,272 | -7.7% |
| Financial debts | 43 | €51 | €635 | +€585 | +1154.9% |
| Credit institutions | 430/8 | €51 | €635 | +€585 | +1154.9% |
| Trade debts | 44 | €1,256 | €947 | -€308 | -24.5% |
| Suppliers | 440/4 | €1,256 | €947 | -€308 | -24.5% |
| Taxes, remuneration and social security | 45 | €960 | €986 | +€25 | +2.7% |
| Taxes | 450/3 | €960 | €986 | +€25 | +2.7% |
| Other amounts payable | 47/48 | €47,417 | €72,432 | +€25,014 | +52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,905 | €32,077 | -€1,828 | -5.4% |
| Other operating charges | 640/8 | €1,615 | €1,102 | -€513 | -31.8% |
| Gross operating margin | 9900 | -€3,544 | -€2,448 | +€1,095 | +30.9% |
| Operating profit (loss) | 9901 | -€39,063 | -€35,627 | +€3,437 | +8.8% |
| Financial income | 75/76B | €7 | €7 | +€1 | +8.7% |
| Recurring financial income | 75 | €7 | €7 | +€1 | +8.7% |
| Financial charges | 65/66B | €3,543 | €2,842 | -€701 | -19.8% |
| Recurring financial charges | 65 | €3,543 | €2,842 | -€701 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | -€42,599 | -€38,461 | +€4,138 | +9.7% |
| Income taxes | 67/77 | €134 | €138 | +€4 | +2.9% |
| Profit (loss) for the period | 9904 | -€42,733 | -€38,599 | +€4,134 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,733 | -€38,599 | +€4,134 | +9.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.