FORZA ! 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.
FORZA ! MEDIA
Largest movements
- Tangible fixed assets -€14,628
down €14,628 (-42.5%), from €34,455 to €19,828
of which Leasing and similar rights: -€12,494
- Cash -€4,611
down €4,611 (-50.7%), from €9,089 to €4,478
mainly Net result for the year (-€37,815) and Current portion of long-term debt (-€9,387)
- Receivables within one year +€2,715
up €2,715 (+28.4%), from €9,546 to €12,261
of which Trade receivables: +€2,668
- Deferred charges and accrued income -€670
down €670 (-13.4%), from €4,987 to €4,317
- Profit (loss) carried forward -€37,815
down €37,815 (-59.4%), from -€63,663 to -€101,478
- Debts after one year +€29,564
up €29,564 (+47.9%), from €61,735 to €91,299
- Current portion of long-term debt -€9,387
down €9,387 (-73.2%), from €12,823 to €3,436
- Other debts -€4,045
down €4,045 (-89.9%), from €4,498 to €453
- Tax, wage and social debts +€3,740
up €3,740 (+29.1%), from €12,836 to €16,576
of which Remuneration and social security: +€3,822
- Gross operating margin -€28,098
down €28,098, from €6,610 to -€21,487
- Financial charges -€487
down €487 (-31.3%), from €1,558 to €1,071
- Other operating charges -€255
down €255 (-52.8%), from €482 to €228
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 | €58,122 | €40,930 | -€17,193 | -29.6% |
| Fixed assets | 21/28 | €34,500 | €19,873 | -€14,628 | -42.4% |
| Tangible fixed assets | 22/27 | €34,455 | €19,828 | -€14,628 | -42.5% |
| Land and buildings | 22 | €6,807 | €5,847 | -€960 | -14.1% |
| Plant, machinery and equipment | 23 | €1,830 | €1,108 | -€721 | -39.4% |
| Furniture and vehicles | 24 | €1,432 | €980 | -€452 | -31.6% |
| Leasing and similar rights | 25 | €18,857 | €6,363 | -€12,494 | -66.3% |
| Other tangible fixed assets | 26 | €5,530 | €5,530 | = | 0.0% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €23,622 | €21,057 | -€2,565 | -10.9% |
| Amounts receivable within one year | 40/41 | €9,546 | €12,261 | +€2,715 | +28.4% |
| Trade receivables | 40 | €9,541 | €12,209 | +€2,668 | +28.0% |
| Other amounts receivable | 41 | €5 | €53 | +€48 | +926% |
| Cash at bank and in hand | 54/58 | €9,089 | €4,478 | -€4,611 | -50.7% |
| Deferred charges and accrued income | 490/1 | €4,987 | €4,317 | -€670 | -13.4% |
| Total equity and liabilities | 10/49 | €58,122 | €40,930 | -€17,193 | -29.6% |
| Equity | 10/15 | -€45,063 | -€82,878 | -€37,815 | -83.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,663 | -€101,478 | -€37,815 | -59.4% |
| Amounts payable | 17/49 | €103,185 | €123,808 | +€20,623 | +20.0% |
| Amounts payable after more than one year | 17 | €61,735 | €91,299 | +€29,564 | +47.9% |
| Financial debts | 170/4 | €61,735 | €91,299 | +€29,564 | +47.9% |
| Amounts payable within one year | 42/48 | €41,416 | €32,509 | -€8,907 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €12,823 | €3,436 | -€9,387 | -73.2% |
| Trade debts | 44 | €11,258 | €12,044 | +€786 | +7.0% |
| Suppliers | 440/4 | €11,258 | €12,044 | +€786 | +7.0% |
| Taxes, remuneration and social security | 45 | €12,836 | €16,576 | +€3,740 | +29.1% |
| Taxes | 450/3 | €7,854 | €7,771 | -€83 | -1.1% |
| Remuneration and social security | 454/9 | €4,983 | €8,805 | +€3,822 | +76.7% |
| Other amounts payable | 47/48 | €4,498 | €453 | -€4,045 | -89.9% |
| Accrued charges and deferred income | 492/3 | €35 | - | -€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,749 | €14,628 | -€122 | -0.8% |
| Other operating charges | 640/8 | €482 | €228 | -€255 | -52.8% |
| Gross operating margin | 9900 | €6,610 | -€21,487 | -€28,098 | |
| Operating profit (loss) | 9901 | -€8,621 | -€36,342 | -€27,721 | -322% |
| Financial charges | 65/66B | €1,558 | €1,071 | -€487 | -31.3% |
| Recurring financial charges | 65 | €1,558 | €1,071 | -€487 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,179 | -€37,413 | -€27,234 | -268% |
| Income taxes | 67/77 | €395 | €402 | +€8 | +1.9% |
| Profit (loss) for the period | 9904 | -€10,574 | -€37,815 | -€27,241 | -258% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,574 | -€37,815 | -€27,241 | -258% |
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 30 October 2026 via checked.be.