MEDIA DEVELOPPEMENT: what changed
MEDIA DEVELOPPEMENT
Largest movements
- Tangible fixed assets +€18,581
up €18,581 (+164%), from €11,353 to €29,934
of which Other tangible fixed assets: +€22,530
- Cash +€8,134
up €8,134 (+19.9%), from €40,870 to €49,004
mainly Net result for the year (+€22,788) and Tax, wage and social debts (+€5,433)
- Receivables within one year +€2,934
up €2,934 (+262%), from €1,119 to €4,053
- Deferred charges and accrued income -€1,721
down €1,721 (-69.2%), from €2,487 to €766
- Reserves +€20,000
up €20,000 (+72.5%), from €27,600 to €47,600
- Tax, wage and social debts +€5,433
up €5,433 (+55.8%), from €9,742 to €15,174
- Profit (loss) carried forward +€2,788
up €2,788 (+9.5%), from -€29,424 to -€26,637
- Other debts -€1,313
down €1,313 (-8.1%), from €16,308 to €14,995
- Trade debts +€1,000
up €1,000 (+62.4%), from €1,604 to €2,604
- Gross operating margin +€7,833
up €7,833 (+25.9%), from €30,217 to €38,050
- Taxes +€5,815
up €5,815 (+161%), from €3,603 to €9,418
- Depreciation +€3,582
up €3,582 (+220%), from €1,631 to €5,213
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,829 | €83,757 | +€27,927 | +50.0% |
| Fixed assets | 21/28 | €11,353 | €29,934 | +€18,581 | +164% |
| Tangible fixed assets | 22/27 | €11,353 | €29,934 | +€18,581 | +164% |
| Plant, machinery and equipment | 23 | €8,780 | €5,417 | -€3,363 | -38.3% |
| Furniture and vehicles | 24 | €2,573 | €1,987 | -€586 | -22.8% |
| Other tangible fixed assets | 26 | - | €22,530 | +€22,530 | |
| Current assets | 29/58 | €44,477 | €53,823 | +€9,346 | +21.0% |
| Amounts receivable within one year | 40/41 | €1,119 | €4,053 | +€2,934 | +262% |
| Trade receivables | 40 | €1,119 | €4,053 | +€2,934 | +262% |
| Cash at bank and in hand | 54/58 | €40,870 | €49,004 | +€8,134 | +19.9% |
| Deferred charges and accrued income | 490/1 | €2,487 | €766 | -€1,721 | -69.2% |
| Total equity and liabilities | 10/49 | €55,829 | €83,757 | +€27,927 | +50.0% |
| Equity | 10/15 | €28,176 | €50,963 | +€22,788 | +80.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €27,600 | €47,600 | +€20,000 | +72.5% |
| Distributable reserves | 133 | €27,600 | €47,600 | +€20,000 | +72.5% |
| Profit (loss) carried forward | 14 | -€29,424 | -€26,637 | +€2,788 | +9.5% |
| Amounts payable | 17/49 | €27,654 | €32,793 | +€5,140 | +18.6% |
| Amounts payable within one year | 42/48 | €27,654 | €32,773 | +€5,120 | +18.5% |
| Trade debts | 44 | €1,604 | €2,604 | +€1,000 | +62.4% |
| Suppliers | 440/4 | €1,604 | €2,604 | +€1,000 | +62.4% |
| Taxes, remuneration and social security | 45 | €9,742 | €15,174 | +€5,433 | +55.8% |
| Taxes | 450/3 | €9,742 | €15,174 | +€5,433 | +55.8% |
| Other amounts payable | 47/48 | €16,308 | €14,995 | -€1,313 | -8.1% |
| Accrued charges and deferred income | 492/3 | - | €20 | +€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,631 | €5,213 | +€3,582 | +220% |
| Other operating charges | 640/8 | €387 | €562 | +€175 | +45.1% |
| Gross operating margin | 9900 | €30,217 | €38,050 | +€7,833 | +25.9% |
| Operating profit (loss) | 9901 | €28,198 | €32,274 | +€4,077 | +14.5% |
| Financial income | 75/76B | €0 | €72 | +€72 | +239,867% |
| Recurring financial income | 75 | €0 | €72 | +€72 | +239,867% |
| Financial charges | 65/66B | €40 | €140 | +€100 | +251% |
| Recurring financial charges | 65 | €40 | €140 | +€100 | +251% |
| Profit (loss) for the period before taxes | 9903 | €28,158 | €32,206 | +€4,048 | +14.4% |
| Income taxes | 67/77 | €3,603 | €9,418 | +€5,815 | +161% |
| Profit (loss) for the period | 9904 | €24,555 | €22,788 | -€1,767 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,555 | €22,788 | -€1,767 | -7.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.