GLADIATOR 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.
GLADIATOR MEDIA
Largest movements
- Financial fixed assets +€48,343
new in 2025: €48,343
- Cash -€38,702
down €38,702 (-78.2%), from €49,468 to €10,766
mainly Investment in fixed assets (net) (-€60,986) and Accrued charges and deferred income (-€21,455)
- Tangible fixed assets +€3,637
up €3,637 (+8.7%), from €41,844 to €45,481
of which Other tangible fixed assets: +€5,262
- Receivables within one year +€1,850
up €1,850 (+11.3%), from €16,384 to €18,234
of which Trade receivables: +€1,886
- Reserves +€30,714
up €30,714 (+50.0%), from €61,415 to €92,128
- Accrued charges and deferred income -€21,455
down €21,455 (-100.0%), from €21,455 to €0
- Current portion of long-term debt +€5,033
up €5,033, from €0 to €5,033
- Debts after one year +€2,582
new in 2025: €2,582
- Other debts -€1,586
down €1,586 (-100.0%), from €1,586 to €0
- Gross operating margin +€3,623
up €3,623 (+7.1%), from €51,378 to €55,001
- Financial charges +€1,930
up €1,930 (+351.8%), from €549 to €2,479
- Financial income +€1,899
new in 2025: €1,899
- Depreciation +€1,560
up €1,560 (+21.0%), from €7,446 to €9,007
- Other operating charges -€679
down €679 (-32.4%), from €2,094 to €1,415
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 | €107,695 | €122,824 | +€15,128 | +14.0% |
| Fixed assets | 21/28 | €41,844 | €93,823 | +€51,980 | +124.2% |
| Tangible fixed assets | 22/27 | €41,844 | €45,481 | +€3,637 | +8.7% |
| Furniture and vehicles | 24 | €12,803 | €11,179 | -€1,625 | -12.7% |
| Other tangible fixed assets | 26 | €29,040 | €34,302 | +€5,262 | +18.1% |
| Financial fixed assets | 28 | - | €48,343 | +€48,343 | |
| Current assets | 29/58 | €65,851 | €29,000 | -€36,851 | -56.0% |
| Amounts receivable within one year | 40/41 | €16,384 | €18,234 | +€1,850 | +11.3% |
| Trade receivables | 40 | €16,344 | €18,230 | +€1,886 | +11.5% |
| Other amounts receivable | 41 | €40 | €4 | -€36 | -90.5% |
| Cash at bank and in hand | 54/58 | €49,468 | €10,766 | -€38,702 | -78.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €107,695 | €122,824 | +€15,128 | +14.0% |
| Equity | 10/15 | €67,615 | €98,328 | +€30,714 | +45.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,415 | €92,128 | +€30,714 | +50.0% |
| Distributable reserves | 133 | €61,415 | €92,128 | +€30,714 | +50.0% |
| Amounts payable | 17/49 | €40,080 | €24,495 | -€15,585 | -38.9% |
| Amounts payable after more than one year | 17 | - | €2,582 | +€2,582 | |
| Financial debts | 170/4 | - | €2,582 | +€2,582 | |
| Amounts payable within one year | 42/48 | €18,625 | €21,913 | +€3,288 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,033 | +€5,033 | |
| Trade debts | 44 | €5,131 | €4,739 | -€392 | -7.6% |
| Suppliers | 440/4 | €5,131 | €4,739 | -€392 | -7.6% |
| Taxes, remuneration and social security | 45 | €11,908 | €12,141 | +€233 | +2.0% |
| Taxes | 450/3 | €11,908 | €12,141 | +€233 | +2.0% |
| Other amounts payable | 47/48 | €1,586 | €0 | -€1,586 | -100.0% |
| Accrued charges and deferred income | 492/3 | €21,455 | €0 | -€21,455 | -100.0% |
| Non-recurring operating income | 76A | €215 | €0 | -€215 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,446 | €9,007 | +€1,560 | +21.0% |
| Other operating charges | 640/8 | €2,094 | €1,415 | -€679 | -32.4% |
| Gross operating margin | 9900 | €51,378 | €55,001 | +€3,623 | +7.1% |
| Operating profit (loss) | 9901 | €41,838 | €44,579 | +€2,741 | +6.6% |
| Financial income | 75/76B | - | €1,899 | +€1,899 | |
| Recurring financial income | 75 | - | €1,899 | +€1,899 | |
| Financial charges | 65/66B | €549 | €2,479 | +€1,930 | +351.8% |
| Recurring financial charges | 65 | €549 | €2,479 | +€1,930 | +351.8% |
| Profit (loss) for the period before taxes | 9903 | €41,289 | €43,999 | +€2,709 | +6.6% |
| Income taxes | 67/77 | €13,022 | €13,285 | +€263 | +2.0% |
| Profit (loss) for the period | 9904 | €28,267 | €30,714 | +€2,446 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,267 | €30,714 | +€2,446 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.