MEDIA ADVICE: 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 ADVICE
Largest movements
- Cash -€464,286
down €464,286 (-34.1%), from €1.4m to €895,293
mainly Contributions, distributions and other (-€752,829) and Investment in fixed assets (net) (-€236,196)
- Tangible fixed assets +€151,297
up €151,297 (+31.0%), from €488,664 to €639,962
of which Furniture and vehicles: +€184,360
- Receivables within one year -€122,616
down €122,616 (-74.6%), from €164,330 to €41,713
of which Other amounts receivable: -€77,942
- Reserves -€448,548
down €448,548 (-22.6%), from €2.0m to €1.5m
of which Distributable reserves: -€448,548
- Gross operating margin -€107,379
down €107,379 (-16.5%), from €651,199 to €543,820
- Taxes -€31,125
down €31,125 (-16.9%), from €184,220 to €153,095
- Depreciation +€28,916
up €28,916 (+51.7%), from €55,983 to €84,899
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,013,162 | €1,578,142 | -€435,020 | -21.6% |
| Fixed assets | 21/28 | €488,664 | €639,962 | +€151,297 | +31.0% |
| Tangible fixed assets | 22/27 | €488,664 | €639,962 | +€151,297 | +31.0% |
| Land and buildings | 22 | €467,149 | €420,571 | -€46,578 | -10.0% |
| Plant, machinery and equipment | 23 | €7,663 | €21,178 | +€13,515 | +176% |
| Furniture and vehicles | 24 | €13,853 | €198,213 | +€184,360 | +1,331% |
| Current assets | 29/58 | €1,524,497 | €938,180 | -€586,317 | -38.5% |
| Amounts receivable within one year | 40/41 | €164,330 | €41,713 | -€122,616 | -74.6% |
| Trade receivables | 40 | €46,383 | €1,709 | -€44,674 | -96.3% |
| Other amounts receivable | 41 | €117,946 | €40,004 | -€77,942 | -66.1% |
| Cash at bank and in hand | 54/58 | €1,359,579 | €895,293 | -€464,286 | -34.1% |
| Deferred charges and accrued income | 490/1 | €589 | €1,174 | +€585 | +99.4% |
| Total equity and liabilities | 10/49 | €2,013,162 | €1,578,142 | -€435,020 | -21.6% |
| Equity | 10/15 | €1,989,733 | €1,541,185 | -€448,548 | -22.5% |
| Contributions | 10/11 | €8,921 | €8,921 | = | 0.0% |
| Reserves | 13 | €1,980,813 | €1,532,265 | -€448,548 | -22.6% |
| Tax-exempt reserves | 132 | €27,051 | €27,051 | = | 0.0% |
| Distributable reserves | 133 | €1,953,762 | €1,505,214 | -€448,548 | -23.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,428 | €36,956 | +€13,528 | +57.7% |
| Amounts payable within one year | 42/48 | €15,261 | €36,956 | +€21,695 | +142% |
| Trade debts | 44 | €315 | €9,799 | +€9,484 | +3,007% |
| Suppliers | 440/4 | €315 | €9,799 | +€9,484 | +3,007% |
| Taxes, remuneration and social security | 45 | €14,946 | €27,157 | +€12,211 | +81.7% |
| Taxes | 450/3 | €14,946 | €27,157 | +€12,211 | +81.7% |
| Accrued charges and deferred income | 492/3 | €8,167 | €0 | -€8,167 | -100% |
| Non-recurring operating income | 76A | €11,440 | €0 | -€11,440 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,983 | €84,899 | +€28,916 | +51.7% |
| Other operating charges | 640/8 | €3,791 | €4,974 | +€1,183 | +31.2% |
| Gross operating margin | 9900 | €651,199 | €543,820 | -€107,379 | -16.5% |
| Operating profit (loss) | 9901 | €591,426 | €453,948 | -€137,478 | -23.2% |
| Financial income | 75/76B | €4,050 | €3,579 | -€472 | -11.6% |
| Recurring financial income | 75 | €4,050 | €3,579 | -€472 | -11.6% |
| Financial charges | 65/66B | €1,019 | €150 | -€869 | -85.2% |
| Recurring financial charges | 65 | €1,019 | €150 | -€869 | -85.2% |
| Profit (loss) for the period before taxes | 9903 | €594,457 | €457,376 | -€137,081 | -23.1% |
| Income taxes | 67/77 | €184,220 | €153,095 | -€31,125 | -16.9% |
| Profit (loss) for the period | 9904 | €410,237 | €304,281 | -€105,956 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €410,237 | €304,281 | -€105,956 | -25.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.