MBV-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.
MBV-MEDIA
Largest movements
- Cash +€16,989
up €16,989 (+53.5%), from €31,767 to €48,756
mainly Net result for the year (+€16,068) and Trade debts (+€16,009)
- Receivables within one year +€12,791
up €12,791 (+70.4%), from €18,161 to €30,952
of which Trade receivables: +€17,488
- Tangible fixed assets -€10,145
down €10,145 (-65.8%), from €15,424 to €5,279
- Trade debts +€16,009
up €16,009 (+288%), from €5,563 to €21,572
- Tax, wage and social debts -€8,041
down €8,041 (-66.3%), from €12,123 to €4,082
of which Taxes: -€7,955
- Profit (loss) carried forward +€6,068
up €6,068 (+33.5%), from €18,120 to €24,187
- Other debts +€5,600
up €5,600 (+56.0%), from €10,000 to €15,600
- Gross operating margin +€17,304
up €17,304 (+73.8%), from €23,446 to €40,751
- Depreciation -€3,496
down €3,496 (-64.0%), from €5,459 to €1,964
- Taxes -€1,128
down €1,128 (-23.7%), from €4,750 to €3,622
- Write-downs -€884
no longer reported in 2025 (was €884)
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,852 | €85,487 | +€19,635 | +29.8% |
| Fixed assets | 21/28 | €15,924 | €5,779 | -€10,145 | -63.7% |
| Tangible fixed assets | 22/27 | €15,424 | €5,279 | -€10,145 | -65.8% |
| Furniture and vehicles | 24 | €15,424 | €5,279 | -€10,145 | -65.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €49,928 | €79,708 | +€29,780 | +59.6% |
| Amounts receivable within one year | 40/41 | €18,161 | €30,952 | +€12,791 | +70.4% |
| Trade receivables | 40 | €11,031 | €28,519 | +€17,488 | +159% |
| Other amounts receivable | 41 | €7,130 | €2,433 | -€4,697 | -65.9% |
| Cash at bank and in hand | 54/58 | €31,767 | €48,756 | +€16,989 | +53.5% |
| Total equity and liabilities | 10/49 | €65,852 | €85,487 | +€19,635 | +29.8% |
| Equity | 10/15 | €38,166 | €44,233 | +€6,068 | +15.9% |
| Reserves | 13 | €20,046 | €20,046 | = | 0.0% |
| Distributable reserves | 133 | €20,046 | €20,046 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,120 | €24,187 | +€6,068 | +33.5% |
| Amounts payable | 17/49 | €27,686 | €41,254 | +€13,567 | +49.0% |
| Amounts payable within one year | 42/48 | €27,686 | €41,254 | +€13,567 | +49.0% |
| Trade debts | 44 | €5,563 | €21,572 | +€16,009 | +288% |
| Suppliers | 440/4 | €5,563 | €21,572 | +€16,009 | +288% |
| Taxes, remuneration and social security | 45 | €12,123 | €4,082 | -€8,041 | -66.3% |
| Taxes | 450/3 | €8,705 | €750 | -€7,955 | -91.4% |
| Remuneration and social security | 454/9 | €3,418 | €3,332 | -€86 | -2.5% |
| Other amounts payable | 47/48 | €10,000 | €15,600 | +€5,600 | +56.0% |
| Non-recurring operating income | 76A | - | €28,017 | +€28,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,459 | €1,964 | -€3,496 | -64.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €884 | - | -€884 | |
| Other operating charges | 640/8 | €1,067 | €928 | -€138 | -13.0% |
| Non-recurring operating charges | 66A | - | €18,100 | +€18,100 | |
| Gross operating margin | 9900 | €23,446 | €40,751 | +€17,304 | +73.8% |
| Operating profit (loss) | 9901 | €16,036 | €19,759 | +€3,723 | +23.2% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €90 | €95 | +€5 | +5.0% |
| Recurring financial charges | 65 | €90 | €95 | +€5 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €15,946 | €19,690 | +€3,744 | +23.5% |
| Income taxes | 67/77 | €4,750 | €3,622 | -€1,128 | -23.7% |
| Profit (loss) for the period | 9904 | €11,196 | €16,068 | +€4,872 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,196 | €16,068 | +€4,872 | +43.5% |
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 21 October 2026 via checked.be.