MEDIA CONNECT: 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 CONNECT
Largest movements
- Cash -€31,602
down €31,602 (-37.0%), from €85,376 to €53,774
mainly Net result for the year (-€13,352) and Receivables within one year (-€12,645)
- Receivables within one year +€12,645
up €12,645 (+472%), from €2,676 to €15,321
of which Other amounts receivable: +€12,171
- Tangible fixed assets -€3,124
down €3,124 (-4.2%), from €74,300 to €71,176
- Profit (loss) carried forward -€13,352
down €13,352 (-11.0%), from €121,768 to €108,416
- Trade debts -€7,129
down €7,129 (-56.3%), from €12,656 to €5,527
- Gross operating margin -€41,980
down €41,980 (-85.1%), from €49,345 to €7,365
- Taxes -€8,368
no longer reported in 2025 (was €8,368)
- Depreciation -€673
down €673 (-4.3%), from €15,664 to €14,991
- Financial charges +€519
up €519 (+870%), from €60 to €579
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 | €162,352 | €140,271 | -€22,081 | -13.6% |
| Fixed assets | 21/28 | €74,300 | €71,176 | -€3,124 | -4.2% |
| Tangible fixed assets | 22/27 | €74,300 | €71,176 | -€3,124 | -4.2% |
| Furniture and vehicles | 24 | €74,300 | €71,176 | -€3,124 | -4.2% |
| Current assets | 29/58 | €88,052 | €69,095 | -€18,957 | -21.5% |
| Amounts receivable within one year | 40/41 | €2,676 | €15,321 | +€12,645 | +472% |
| Trade receivables | 40 | - | €474 | +€474 | |
| Other amounts receivable | 41 | €2,676 | €14,847 | +€12,171 | +455% |
| Cash at bank and in hand | 54/58 | €85,376 | €53,774 | -€31,602 | -37.0% |
| Total equity and liabilities | 10/49 | €162,352 | €140,271 | -€22,081 | -13.6% |
| Equity | 10/15 | €142,228 | €128,876 | -€13,352 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,768 | €108,416 | -€13,352 | -11.0% |
| Amounts payable | 17/49 | €20,124 | €11,395 | -€8,729 | -43.4% |
| Amounts payable within one year | 42/48 | €20,124 | €11,395 | -€8,729 | -43.4% |
| Trade debts | 44 | €12,656 | €5,527 | -€7,129 | -56.3% |
| Suppliers | 440/4 | €12,656 | €5,527 | -€7,129 | -56.3% |
| Taxes, remuneration and social security | 45 | €3,718 | €3,368 | -€350 | -9.4% |
| Taxes | 450/3 | €3,718 | €3,368 | -€350 | -9.4% |
| Other amounts payable | 47/48 | €3,750 | €2,500 | -€1,250 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,664 | €14,991 | -€673 | -4.3% |
| Other operating charges | 640/8 | €486 | €72 | -€414 | -85.2% |
| Non-recurring operating charges | 66A | €3,928 | €5,075 | +€1,147 | +29.2% |
| Gross operating margin | 9900 | €49,345 | €7,365 | -€41,980 | -85.1% |
| Operating profit (loss) | 9901 | €29,267 | -€12,773 | -€42,041 | |
| Financial charges | 65/66B | €60 | €579 | +€519 | +870% |
| Recurring financial charges | 65 | €60 | €579 | +€519 | +870% |
| Profit (loss) for the period before taxes | 9903 | €29,208 | -€13,352 | -€42,560 | |
| Income taxes | 67/77 | €8,368 | - | -€8,368 | |
| Profit (loss) for the period | 9904 | €20,840 | -€13,352 | -€34,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,840 | -€13,352 | -€34,192 |
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 16 October 2026 via checked.be.