LINK 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.
LINK MEDIA
Largest movements
- Cash -€539,256
down €539,256 (-61.6%), from €874,754 to €335,498
mainly Contributions, distributions and other (-€3.3m) and Other debts (-€485,381)
- Receivables within one year +€286,751
up €286,751 (+38.0%), from €754,018 to €1.0m
of which Trade receivables: +€351,109
- Tangible fixed assets -€110,493
down €110,493 (-68.3%), from €161,780 to €51,287
of which Furniture and vehicles: -€110,258
- Receivables after one year -€99,336
no longer reported in 2025 (was €99,336)
- Other debts -€485,381
down €485,381 (-58.5%), from €830,381 to €345,000
- Trade debts +€30,380
up €30,380 (+31.8%), from €95,493 to €125,873
- Gross operating margin +€394,905
up €394,905 (+8.3%), from €4.7m to €5.1m
- Taxes +€85,529
up €85,529 (+8.3%), from €1.0m to €1.1m
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 | €1,914,744 | €1,447,233 | -€467,511 | -24.4% |
| Fixed assets | 21/28 | €164,660 | €54,347 | -€110,313 | -67.0% |
| Tangible fixed assets | 22/27 | €161,780 | €51,287 | -€110,493 | -68.3% |
| Land and buildings | 22 | €1,898 | €1,664 | -€235 | -12.4% |
| Furniture and vehicles | 24 | €159,882 | €49,624 | -€110,258 | -69.0% |
| Financial fixed assets | 28 | €2,880 | €3,060 | +€180 | +6.3% |
| Current assets | 29/58 | €1,750,084 | €1,392,886 | -€357,199 | -20.4% |
| Amounts receivable after more than one year | 29 | €99,336 | - | -€99,336 | |
| Other amounts receivable | 291 | €99,336 | - | -€99,336 | |
| Amounts receivable within one year | 40/41 | €754,018 | €1,040,768 | +€286,751 | +38.0% |
| Trade receivables | 40 | €674,206 | €1,025,315 | +€351,109 | +52.1% |
| Other amounts receivable | 41 | €79,812 | €15,453 | -€64,359 | -80.6% |
| Cash at bank and in hand | 54/58 | €874,754 | €335,498 | -€539,256 | -61.6% |
| Deferred charges and accrued income | 490/1 | €21,977 | €16,620 | -€5,357 | -24.4% |
| Total equity and liabilities | 10/49 | €1,914,744 | €1,447,233 | -€467,511 | -24.4% |
| Equity | 10/15 | €787,564 | €787,883 | +€319 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €767,104 | €767,423 | +€319 | 0.0% |
| Amounts payable | 17/49 | €1,127,180 | €659,349 | -€467,831 | -41.5% |
| Amounts payable within one year | 42/48 | €1,122,663 | €656,375 | -€466,287 | -41.5% |
| Trade debts | 44 | €95,493 | €125,873 | +€30,380 | +31.8% |
| Suppliers | 440/4 | €95,493 | €125,873 | +€30,380 | +31.8% |
| Taxes, remuneration and social security | 45 | €196,789 | €185,502 | -€11,287 | -5.7% |
| Taxes | 450/3 | €116,777 | €136,327 | +€19,549 | +16.7% |
| Remuneration and social security | 454/9 | €80,012 | €49,176 | -€30,836 | -38.5% |
| Other amounts payable | 47/48 | €830,381 | €345,000 | -€485,381 | -58.5% |
| Accrued charges and deferred income | 492/3 | €4,518 | €2,974 | -€1,543 | -34.2% |
| Remuneration, social security and pensions | 62 | €594,828 | €636,614 | +€41,786 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,357 | €45,407 | -€18,950 | -29.4% |
| Other operating charges | 640/8 | €2,561 | €30,212 | +€27,652 | +1079.9% |
| Gross operating margin | 9900 | €4,737,837 | €5,132,742 | +€394,905 | +8.3% |
| Operating profit (loss) | 9901 | €4,076,091 | €4,420,510 | +€344,418 | +8.4% |
| Financial income | 75/76B | €5,617 | €2,193 | -€3,424 | -61.0% |
| Recurring financial income | 75 | €5,617 | €2,193 | -€3,424 | -61.0% |
| Financial charges | 65/66B | €673 | €1,980 | +€1,307 | +194.3% |
| Recurring financial charges | 65 | €673 | €1,980 | +€1,307 | +194.3% |
| Profit (loss) for the period before taxes | 9903 | €4,081,036 | €4,420,723 | +€339,688 | +8.3% |
| Income taxes | 67/77 | €1,024,813 | €1,110,343 | +€85,529 | +8.3% |
| Profit (loss) for the period | 9904 | €3,056,222 | €3,310,380 | +€254,158 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,056,222 | €3,310,380 | +€254,158 | +8.3% |
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 6 October 2026 via checked.be.