MD 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.
MD Media
Largest movements
- Receivables within one year +€33,372
up €33,372 (+17.4%), from €191,849 to €225,221
of which Other amounts receivable: +€49,119
- Cash -€16,214
down €16,214 (-97.3%), from €16,658 to €445
mainly Receivables within one year (-€33,372) and Investment in fixed assets (net) (-€9,586)
- Tangible fixed assets +€6,534
up €6,534 (+67.6%), from €9,660 to €16,194
of which Other tangible fixed assets: +€8,888
- Trade debts +€9,721
up €9,721 (+54.5%), from €17,839 to €27,559
- Reserves +€9,241
up €9,241 (+5.0%), from €183,273 to €192,513
of which Distributable reserves: +€11,101
- Tax, wage and social debts +€3,435
up €3,435 (+34.2%), from €10,056 to €13,491
- Gross operating margin -€6,494
down €6,494 (-23.5%), from €27,673 to €21,179
- Taxes +€2,038
up €2,038 (+43.2%), from €4,720 to €6,758
- Other operating charges +€1,107
up €1,107 (+193%), from €573 to €1,680
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,168 | €241,860 | +€23,693 | +10.9% |
| Fixed assets | 21/28 | €9,660 | €16,194 | +€6,534 | +67.6% |
| Tangible fixed assets | 22/27 | €9,660 | €16,194 | +€6,534 | +67.6% |
| Plant, machinery and equipment | 23 | €7,022 | €5,487 | -€1,535 | -21.9% |
| Furniture and vehicles | 24 | €2,638 | €1,819 | -€819 | -31.0% |
| Other tangible fixed assets | 26 | - | €8,888 | +€8,888 | |
| Current assets | 29/58 | €208,507 | €225,666 | +€17,159 | +8.2% |
| Amounts receivable within one year | 40/41 | €191,849 | €225,221 | +€33,372 | +17.4% |
| Trade receivables | 40 | €73,734 | €57,987 | -€15,747 | -21.4% |
| Other amounts receivable | 41 | €118,115 | €167,234 | +€49,119 | +41.6% |
| Cash at bank and in hand | 54/58 | €16,658 | €445 | -€16,214 | -97.3% |
| Total equity and liabilities | 10/49 | €218,168 | €241,860 | +€23,693 | +10.9% |
| Equity | 10/15 | €190,273 | €199,513 | +€9,241 | +4.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €183,273 | €192,513 | +€9,241 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €181,413 | €192,513 | +€11,101 | +6.1% |
| Amounts payable | 17/49 | €27,895 | €42,347 | +€14,452 | +51.8% |
| Amounts payable within one year | 42/48 | €27,895 | €42,347 | +€14,452 | +51.8% |
| Trade debts | 44 | €17,839 | €27,559 | +€9,721 | +54.5% |
| Suppliers | 440/4 | €17,839 | €27,559 | +€9,721 | +54.5% |
| Advances received on contracts in progress | 46 | - | €1,296 | +€1,296 | |
| Taxes, remuneration and social security | 45 | €10,056 | €13,491 | +€3,435 | +34.2% |
| Taxes | 450/3 | €10,056 | €13,491 | +€3,435 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,865 | €3,052 | +€187 | +6.5% |
| Other operating charges | 640/8 | €573 | €1,680 | +€1,107 | +193% |
| Gross operating margin | 9900 | €27,673 | €21,179 | -€6,494 | -23.5% |
| Operating profit (loss) | 9901 | €24,236 | €16,447 | -€7,788 | -32.1% |
| Financial income | 75/76B | €36 | €4 | -€32 | -87.9% |
| Recurring financial income | 75 | €36 | €4 | -€32 | -87.9% |
| Financial charges | 65/66B | €261 | €453 | +€192 | +73.6% |
| Recurring financial charges | 65 | €261 | €453 | +€192 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €24,011 | €15,999 | -€8,012 | -33.4% |
| Income taxes | 67/77 | €4,720 | €6,758 | +€2,038 | +43.2% |
| Profit (loss) for the period | 9904 | €19,291 | €9,241 | -€10,050 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,291 | €9,241 | -€10,050 | -52.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.