MEDIA - GO: 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.
What changed
MEDIA - GO
NACE 58.110, Book publishing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€54,170
2024 · €2,634+€51,536
Equity
€105,262
2024 · €51,092+€54,170
Cash
€5,547
2024 · €7,617-€2,071
Balance sheet total
€1.0m
2024 · €1.0m-€19,228
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€54,170
up €54,170 (+5.0%), from -€1.1m to -€1.0m
- Current portion of long-term debt -€53,481
down €53,481 (-89.8%), from €59,552 to €6,072
- Short-term financial debts -€52,500
down €52,500 (-61.8%), from €85,000 to €32,500
- Tax, wage and social debts +€20,286
up €20,286 (+40.2%), from €50,417 to €70,703
of which Taxes: +€20,992
- Trade debts +€17,391
up €17,391 (+12.9%), from €135,146 to €152,537
Income statement
- Depreciation -€67,544
down €67,544 (-83.5%), from €80,927 to €13,384
- Taxes +€17,468
up €17,468 (+202.7%), from €8,617 to €26,085
- Gross operating margin -€6,530
down €6,530 (-4.4%), from €149,008 to €142,478
- Financial charges -€3,980
down €3,980 (-36.7%), from €10,856 to €6,876
- Other operating charges -€2,537
down €2,537 (-21.4%), from €11,880 to €9,343
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.
Result 2024
€2,634
Gross operating margin
-€6,530
Staff costs
+€1,151
Depreciation
+€67,544
Other operating charges
+€2,537
Financial income
+€323
Financial charges
+€3,980
Taxes
-€17,468
Result 2025
€54,170
Cash bridge derived
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.
From operations
+€103,084
Investment
-€5,103
Financing
-€100,052
Cash 2024
€7,617
From operations (derived)
+€103,084
Net result for the year
+€54,170
Depreciation
+€13,384
Receivables within one year
+€9,428
Deferred charges and accrued income
-€552
Trade debts
+€17,391
Tax, wage and social debts
+€20,286
Other debts
-€5,520
Accrued charges and deferred income
-€5,502
Investment (derived)
-€5,103
Investment in fixed assets (net)
-€5,103
Financing
-€100,052
Debts after one year
+€5,928
Current portion of long-term debt
-€53,481
Short-term financial debts
-€52,500
Cash 2025
€5,547
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,041,839 | €1,022,611 | -€19,228 | -1.8% |
| Fixed assets | 21/28 | €966,087 | €957,806 | -€8,281 | -0.9% |
| Tangible fixed assets | 22/27 | €965,887 | €957,606 | -€8,281 | -0.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,757 | €1,029 | -€1,728 | -62.7% |
| Furniture and vehicles | 24 | €13,130 | €6,577 | -€6,553 | -49.9% |
| Other tangible fixed assets | 26 | €950,000 | €950,000 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €75,752 | €64,805 | -€10,947 | -14.5% |
| Amounts receivable within one year | 40/41 | €67,846 | €58,419 | -€9,428 | -13.9% |
| Trade receivables | 40 | €67,846 | €58,419 | -€9,428 | -13.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,617 | €5,547 | -€2,071 | -27.2% |
| Deferred charges and accrued income | 490/1 | €288 | €840 | +€552 | +191.6% |
| Total equity and liabilities | 10/49 | €1,041,839 | €1,022,611 | -€19,228 | -1.8% |
| Equity | 10/15 | €51,092 | €105,262 | +€54,170 | +106.0% |
| Contributions | 10/11 | €43,392 | €43,392 | = | 0.0% |
| Revaluation surpluses | 12 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €149,843 | €149,843 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,932 | €29,932 | = | 0.0% |
| Distributable reserves | 133 | €119,912 | €119,912 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,092,143 | -€1,037,973 | +€54,170 | +5.0% |
| Provisions and deferred taxes | 16 | €47,597 | €47,597 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,597 | €47,597 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,597 | €15,597 | = | 0.0% |
| Other liabilities and charges | 164/5 | €32,000 | €32,000 | = | 0.0% |
| Amounts payable | 17/49 | €943,149 | €869,752 | -€73,397 | -7.8% |
| Amounts payable after more than one year | 17 | €258,932 | €264,860 | +€5,928 | +2.3% |
| Financial debts | 170/4 | €231,400 | €231,400 | = | 0.0% |
| Other amounts payable | 178/9 | €27,532 | €33,460 | +€5,928 | +21.5% |
| Amounts payable within one year | 42/48 | €447,554 | €373,730 | -€73,824 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €59,552 | €6,072 | -€53,481 | -89.8% |
| Financial debts | 43 | €85,000 | €32,500 | -€52,500 | -61.8% |
| Credit institutions | 430/8 | €85,000 | €32,500 | -€52,500 | -61.8% |
| Trade debts | 44 | €135,146 | €152,537 | +€17,391 | +12.9% |
| Suppliers | 440/4 | €135,146 | €152,537 | +€17,391 | +12.9% |
| Taxes, remuneration and social security | 45 | €50,417 | €70,703 | +€20,286 | +40.2% |
| Taxes | 450/3 | €42,557 | €63,549 | +€20,992 | +49.3% |
| Remuneration and social security | 454/9 | €7,860 | €7,154 | -€706 | -9.0% |
| Other amounts payable | 47/48 | €117,438 | €111,918 | -€5,520 | -4.7% |
| Accrued charges and deferred income | 492/3 | €236,664 | €231,162 | -€5,502 | -2.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €34,108 | €32,958 | -€1,151 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,927 | €13,384 | -€67,544 | -83.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €11,880 | €9,343 | -€2,537 | -21.4% |
| Gross operating margin | 9900 | €149,008 | €142,478 | -€6,530 | -4.4% |
| Operating profit (loss) | 9901 | €22,092 | €86,794 | +€64,702 | +292.9% |
| Financial income | 75/76B | €15 | €338 | +€323 | +2185.8% |
| Recurring financial income | 75 | €15 | €338 | +€323 | +2185.8% |
| Financial charges | 65/66B | €10,856 | €6,876 | -€3,980 | -36.7% |
| Recurring financial charges | 65 | €10,856 | €6,876 | -€3,980 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €11,251 | €80,255 | +€69,004 | +613.3% |
| Income taxes | 67/77 | €8,617 | €26,085 | +€17,468 | +202.7% |
| Profit (loss) for the period | 9904 | €2,634 | €54,170 | +€51,536 | +1956.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,634 | €54,170 | +€51,536 | +1956.8% |
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 11 October 2026 via checked.be.