IPANEMA 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.
IPANEMA MEDIA
Largest movements
- Cash -€79,166
down €79,166 (-64.9%), from €121,913 to €42,747
mainly Short-term financial debts (-€146,930) and Contributions, distributions and other (-€116,911)
- Intangible fixed assets +€55,208
up €55,208 (+200%), from €27,586 to €82,795
- Receivables within one year +€32,902
up €32,902 (+37.7%), from €87,202 to €120,105
of which Other amounts receivable: +€42,471
- Tangible fixed assets -€24,594
down €24,594 (-5.8%), from €421,368 to €396,774
of which Land and buildings: -€14,441
- Other debts +€158,833
up €158,833 (+633%), from €25,083 to €183,915
- Short-term financial debts -€146,930
down €146,930 (-100%), from €146,930 to €0
- Reserves -€97,511
down €97,511 (-26.3%), from €371,412 to €273,901
of which Distributable reserves: -€97,511
- Trade debts +€75,447
up €75,447 (+264%), from €28,593 to €104,041
- Debts after one year -€13,540
down €13,540 (-13.0%), from €104,365 to €90,825
- Taxes +€16,864
up €16,864, from -€687 to €16,177
- Gross operating margin +€11,599
up €11,599 (+15.8%), from €73,320 to €84,919
- Depreciation -€2,073
down €2,073 (-5.0%), from €41,458 to €39,386
- Financial income +€970
up €970 (+117%), from €833 to €1,803
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 | €722,770 | €707,722 | -€15,048 | -2.1% |
| Fixed assets | 21/28 | €511,934 | €544,048 | +€32,114 | +6.3% |
| Intangible fixed assets | 21 | €27,586 | €82,795 | +€55,208 | +200% |
| Tangible fixed assets | 22/27 | €421,368 | €396,774 | -€24,594 | -5.8% |
| Land and buildings | 22 | €372,147 | €357,706 | -€14,441 | -3.9% |
| Plant, machinery and equipment | 23 | €6,303 | €4,692 | -€1,611 | -25.6% |
| Furniture and vehicles | 24 | €42,917 | €34,375 | -€8,542 | -19.9% |
| Financial fixed assets | 28 | €62,980 | €64,480 | +€1,500 | +2.4% |
| Current assets | 29/58 | €210,836 | €163,674 | -€47,163 | -22.4% |
| Amounts receivable within one year | 40/41 | €87,202 | €120,105 | +€32,902 | +37.7% |
| Trade receivables | 40 | €78,851 | €69,283 | -€9,569 | -12.1% |
| Other amounts receivable | 41 | €8,351 | €50,822 | +€42,471 | +509% |
| Cash at bank and in hand | 54/58 | €121,913 | €42,747 | -€79,166 | -64.9% |
| Deferred charges and accrued income | 490/1 | €1,721 | €822 | -€899 | -52.2% |
| Total equity and liabilities | 10/49 | €722,770 | €707,722 | -€15,048 | -2.1% |
| Equity | 10/15 | €390,012 | €292,501 | -€97,511 | -25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €371,412 | €273,901 | -€97,511 | -26.3% |
| Non-distributable reserves | 130/1 | €15,360 | €15,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,360 | €15,360 | = | 0.0% |
| Distributable reserves | 133 | €356,052 | €258,541 | -€97,511 | -27.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €332,758 | €415,221 | +€82,463 | +24.8% |
| Amounts payable after more than one year | 17 | €104,365 | €90,825 | -€13,540 | -13.0% |
| Financial debts | 170/4 | €104,365 | €90,825 | -€13,540 | -13.0% |
| Amounts payable within one year | 42/48 | €225,393 | €314,377 | +€88,984 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €13,006 | €13,540 | +€534 | +4.1% |
| Financial debts | 43 | €146,930 | €0 | -€146,930 | -100% |
| Credit institutions | 430/8 | €146,930 | €0 | -€146,930 | -100% |
| Trade debts | 44 | €28,593 | €104,041 | +€75,447 | +264% |
| Suppliers | 440/4 | €28,593 | €104,041 | +€75,447 | +264% |
| Taxes, remuneration and social security | 45 | €11,781 | €12,881 | +€1,100 | +9.3% |
| Taxes | 450/3 | €11,781 | €12,881 | +€1,100 | +9.3% |
| Other amounts payable | 47/48 | €25,083 | €183,915 | +€158,833 | +633% |
| Accrued charges and deferred income | 492/3 | €3,000 | €10,019 | +€7,019 | +234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,458 | €39,386 | -€2,073 | -5.0% |
| Other operating charges | 640/8 | €1,285 | €1,810 | +€525 | +40.9% |
| Gross operating margin | 9900 | €73,320 | €84,919 | +€11,599 | +15.8% |
| Operating profit (loss) | 9901 | €30,577 | €43,724 | +€13,147 | +43.0% |
| Financial income | 75/76B | €833 | €1,803 | +€970 | +117% |
| Recurring financial income | 75 | €833 | €1,803 | +€970 | +117% |
| Financial charges | 65/66B | €10,618 | €9,949 | -€669 | -6.3% |
| Recurring financial charges | 65 | €10,618 | €9,949 | -€669 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €20,791 | €35,577 | +€14,786 | +71.1% |
| Income taxes | 67/77 | -€687 | €16,177 | +€16,864 | |
| Profit (loss) for the period | 9904 | €21,479 | €19,400 | -€2,078 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,479 | €19,400 | -€2,078 | -9.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.