HRB 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.
HRB MEDIA
Largest movements
- Tangible fixed assets -€4,467
down €4,467 (-11.7%), from €38,145 to €33,678
of which Land and buildings: -€2,856
- Cash -€3,807
down €3,807 (-19.9%), from €19,122 to €15,315
mainly Net result for the year (-€9,586) and Debts after one year (-€1,532)
- Receivables within one year -€1,288
down €1,288 (-60.4%), from €2,132 to €844
of which Trade receivables: -€1,357
- Profit (loss) carried forward -€9,586
down €9,586 (-63.7%), from -€15,044 to -€24,629
- Trade debts +€1,690
up €1,690 (+117%), from €1,445 to €3,135
- Debts after one year -€1,532
down €1,532 (-14.8%), from €10,362 to €8,829
- Other operating charges +€4,959
up €4,959 (+367%), from €1,350 to €6,309
- Gross operating margin -€2,090
down €2,090 (-54.6%), from €3,825 to €1,736
- Depreciation -€166
down €166 (-3.6%), from €4,633 to €4,467
- Financial charges +€59
up €59 (+12.1%), from €487 to €546
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 | €59,762 | €50,203 | -€9,560 | -16.0% |
| Fixed assets | 21/28 | €38,428 | €33,961 | -€4,467 | -11.6% |
| Tangible fixed assets | 22/27 | €38,145 | €33,678 | -€4,467 | -11.7% |
| Land and buildings | 22 | €34,268 | €31,412 | -€2,856 | -8.3% |
| Plant, machinery and equipment | 23 | €3,037 | €1,739 | -€1,298 | -42.7% |
| Furniture and vehicles | 24 | €840 | €527 | -€313 | -37.3% |
| Financial fixed assets | 28 | €283 | €283 | = | 0.0% |
| Current assets | 29/58 | €21,334 | €16,241 | -€5,093 | -23.9% |
| Amounts receivable within one year | 40/41 | €2,132 | €844 | -€1,288 | -60.4% |
| Trade receivables | 40 | €2,057 | €700 | -€1,357 | -66.0% |
| Other amounts receivable | 41 | €75 | €144 | +€69 | +91.1% |
| Cash at bank and in hand | 54/58 | €19,122 | €15,315 | -€3,807 | -19.9% |
| Deferred charges and accrued income | 490/1 | €79 | €82 | +€3 | +3.4% |
| Total equity and liabilities | 10/49 | €59,762 | €50,203 | -€9,560 | -16.0% |
| Equity | 10/15 | €10,636 | €1,051 | -€9,586 | -90.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,080 | €7,080 | = | 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% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €5,220 | €5,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,044 | -€24,629 | -€9,586 | -63.7% |
| Amounts payable | 17/49 | €49,126 | €49,152 | +€26 | +0.1% |
| Amounts payable after more than one year | 17 | €10,362 | €8,829 | -€1,532 | -14.8% |
| Financial debts | 170/4 | €10,362 | €8,829 | -€1,532 | -14.8% |
| Amounts payable within one year | 42/48 | €38,764 | €40,322 | +€1,558 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €1,487 | €1,532 | +€45 | +3.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,445 | €3,135 | +€1,690 | +117% |
| Suppliers | 440/4 | €1,445 | €3,135 | +€1,690 | +117% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €35,832 | €35,655 | -€176 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,633 | €4,467 | -€166 | -3.6% |
| Other operating charges | 640/8 | €1,350 | €6,309 | +€4,959 | +367% |
| Gross operating margin | 9900 | €3,825 | €1,736 | -€2,090 | -54.6% |
| Operating profit (loss) | 9901 | -€2,157 | -€9,040 | -€6,883 | -319% |
| Financial income | 75/76B | €0 | €0 | -€0 | -11.1% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -11.1% |
| Financial charges | 65/66B | €487 | €546 | +€59 | +12.1% |
| Recurring financial charges | 65 | €487 | €546 | +€59 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,644 | -€9,586 | -€6,941 | -263% |
| Profit (loss) for the period | 9904 | -€2,644 | -€9,586 | -€6,941 | -263% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,644 | -€9,586 | -€6,941 | -263% |
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.