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.
MEDIA +
Largest movements
- Cash +€18,865
up €18,865 (+32.3%), from €58,408 to €77,272
mainly Other debts (+€26,551) and Net result for the year (+€17,476)
- Tangible fixed assets -€9,213
down €9,213 (-42.0%), from €21,950 to €12,738
of which Leasing and similar rights: -€11,190
- Receivables within one year +€6,592
up €6,592 (+13.6%), from €48,593 to €55,185
of which Other amounts receivable: +€5,141
- Other debts +€26,551
up €26,551 (+1,256%), from €2,114 to €28,665
- Reserves -€5,548
down €5,548 (-5.6%), from €98,402 to €92,854
- Trade debts -€4,350
down €4,350 (-51.4%), from €8,457 to €4,107
- Current portion of long-term debt -€2,033
down €2,033 (-100%), from €2,033 to €0
- Gross operating margin -€2,425
down €2,425 (-5.5%), from €44,491 to €42,066
- Taxes -€941
down €941 (-9.9%), from €9,516 to €8,576
- Depreciation +€896
up €896 (+6.5%), from €13,819 to €14,714
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 | €133,318 | €149,013 | +€15,695 | +11.8% |
| Fixed assets | 21/28 | €21,950 | €12,738 | -€9,213 | -42.0% |
| Tangible fixed assets | 22/27 | €21,950 | €12,738 | -€9,213 | -42.0% |
| Land and buildings | 22 | €813 | €609 | -€203 | -25.0% |
| Plant, machinery and equipment | 23 | €5,724 | €3,021 | -€2,702 | -47.2% |
| Furniture and vehicles | 24 | €3,136 | €8,217 | +€5,081 | +162% |
| Leasing and similar rights | 25 | €11,190 | €0 | -€11,190 | -100% |
| Other tangible fixed assets | 26 | €1,089 | €890 | -€198 | -18.2% |
| Current assets | 29/58 | €111,368 | €136,276 | +€24,907 | +22.4% |
| Amounts receivable within one year | 40/41 | €48,593 | €55,185 | +€6,592 | +13.6% |
| Trade receivables | 40 | €48,110 | €49,561 | +€1,451 | +3.0% |
| Other amounts receivable | 41 | €484 | €5,624 | +€5,141 | +1,063% |
| Cash at bank and in hand | 54/58 | €58,408 | €77,272 | +€18,865 | +32.3% |
| Deferred charges and accrued income | 490/1 | €4,368 | €3,818 | -€549 | -12.6% |
| Total equity and liabilities | 10/49 | €133,318 | €149,013 | +€15,695 | +11.8% |
| Equity | 10/15 | €110,802 | €105,254 | -€5,548 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €98,402 | €92,854 | -€5,548 | -5.6% |
| Distributable reserves | 133 | €98,402 | €92,854 | -€5,548 | -5.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,516 | €43,759 | +€21,243 | +94.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,516 | €43,759 | +€21,243 | +94.3% |
| Current portion of amounts payable after more than one year | 42 | €2,033 | €0 | -€2,033 | -100% |
| Trade debts | 44 | €8,457 | €4,107 | -€4,350 | -51.4% |
| Suppliers | 440/4 | €8,457 | €4,107 | -€4,350 | -51.4% |
| Taxes, remuneration and social security | 45 | €9,912 | €10,987 | +€1,075 | +10.8% |
| Taxes | 450/3 | €9,912 | €10,987 | +€1,075 | +10.8% |
| Other amounts payable | 47/48 | €2,114 | €28,665 | +€26,551 | +1,256% |
| Non-recurring operating income | 76A | €0 | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,819 | €14,714 | +€896 | +6.5% |
| Other operating charges | 640/8 | €910 | €1,058 | +€148 | +16.3% |
| Gross operating margin | 9900 | €44,491 | €42,066 | -€2,425 | -5.5% |
| Operating profit (loss) | 9901 | €29,763 | €26,293 | -€3,469 | -11.7% |
| Financial income | 75/76B | €135 | €260 | +€125 | +92.7% |
| Recurring financial income | 75 | €135 | €260 | +€125 | +92.7% |
| Financial charges | 65/66B | €522 | €502 | -€20 | -3.8% |
| Recurring financial charges | 65 | €522 | €502 | -€20 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €29,376 | €26,052 | -€3,324 | -11.3% |
| Income taxes | 67/77 | €9,516 | €8,576 | -€941 | -9.9% |
| Profit (loss) for the period | 9904 | €19,860 | €17,476 | -€2,383 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,860 | €17,476 | -€2,383 | -12.0% |
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 18 October 2026 via checked.be.