GAC 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.
GAC Media
Largest movements
- Cash +€1.0m
up €1.0m (+30.1%), from €3.4m to €4.5m
mainly Net result for the year (+€950,929) and Depreciation (+€79,235)
- Intangible fixed assets -€58,898
down €58,898 (-28.6%), from €205,829 to €146,931
- Reserves +€950,929
up €950,929 (+22.4%), from €4.3m to €5.2m
of which Distributable reserves: +€950,929
- Taxes +€161,918
up €161,918 (+29.3%), from €553,210 to €715,128
- Financial charges +€100,855
up €100,855 (+231%), from €43,632 to €144,487
- Other operating charges -€44,656
down €44,656 (-94.5%), from €47,257 to €2,601
- Write-downs +€39,153
up €39,153, from -€39,153 to €0
- Financial income -€37,560
down €37,560 (-94.7%), from €39,654 to €2,095
of which Non-recurring financial income: -€22,572
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 | €4,348,513 | €5,307,356 | +€958,844 | +22.0% |
| Fixed assets | 21/28 | €245,268 | €171,315 | -€73,953 | -30.2% |
| Intangible fixed assets | 21 | €205,829 | €146,931 | -€58,898 | -28.6% |
| Tangible fixed assets | 22/27 | €39,439 | €24,384 | -€15,055 | -38.2% |
| Plant, machinery and equipment | 23 | €5,104 | €6,473 | +€1,369 | +26.8% |
| Furniture and vehicles | 24 | €28,630 | €14,407 | -€14,223 | -49.7% |
| Other tangible fixed assets | 26 | €5,705 | €3,504 | -€2,201 | -38.6% |
| Current assets | 29/58 | €4,103,245 | €5,136,041 | +€1.0m | +25.2% |
| Amounts receivable within one year | 40/41 | €68,282 | €67,271 | -€1,011 | -1.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €68,282 | €67,271 | -€1,011 | -1.5% |
| Current investments | 50/53 | €581,910 | €581,910 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,445,504 | €4,482,366 | +€1.0m | +30.1% |
| Deferred charges and accrued income | 490/1 | €7,549 | €4,495 | -€3,054 | -40.5% |
| Total equity and liabilities | 10/49 | €4,348,513 | €5,307,356 | +€958,844 | +22.0% |
| Equity | 10/15 | €4,271,478 | €5,222,408 | +€950,929 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,252,878 | €5,203,808 | +€950,929 | +22.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,251,018 | €5,201,948 | +€950,929 | +22.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,034 | €84,948 | +€7,914 | +10.3% |
| Amounts payable within one year | 42/48 | €76,964 | €84,948 | +€7,984 | +10.4% |
| Trade debts | 44 | €876 | €1,469 | +€593 | +67.7% |
| Suppliers | 440/4 | €876 | €1,469 | +€593 | +67.7% |
| Taxes, remuneration and social security | 45 | €7,500 | €6,122 | -€1,378 | -18.4% |
| Taxes | 450/3 | €7,500 | €6,122 | -€1,378 | -18.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €68,588 | €77,358 | +€8,769 | +12.8% |
| Accrued charges and deferred income | 492/3 | €70 | €0 | -€70 | -100% |
| Remuneration, social security and pensions | 62 | €48,205 | €44,441 | -€3,765 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,755 | €79,235 | -€11,521 | -12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€39,153 | €0 | +€39,153 | |
| Other operating charges | 640/8 | €47,257 | €2,601 | -€44,656 | -94.5% |
| Gross operating margin | 9900 | €1,928,221 | €1,934,726 | +€6,505 | +0.3% |
| Operating profit (loss) | 9901 | €1,781,156 | €1,808,450 | +€27,293 | +1.5% |
| Financial income | 75/76B | €39,654 | €2,095 | -€37,560 | -94.7% |
| Recurring financial income | 75 | €17,082 | €2,095 | -€14,988 | -87.7% |
| Non-recurring financial income | 76B | €22,572 | €0 | -€22,572 | -100% |
| Financial charges | 65/66B | €43,632 | €144,487 | +€100,855 | +231% |
| Recurring financial charges | 65 | €43,632 | €144,487 | +€100,855 | +231% |
| Profit (loss) for the period before taxes | 9903 | €1,777,178 | €1,666,057 | -€111,121 | -6.3% |
| Income taxes | 67/77 | €553,210 | €715,128 | +€161,918 | +29.3% |
| Profit (loss) for the period | 9904 | €1,223,968 | €950,929 | -€273,039 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,223,968 | €950,929 | -€273,039 | -22.3% |
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 28 October 2026 via checked.be.