MEDIA HOUSE: 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 HOUSE
Largest movements
- Receivables within one year +€712,261
up €712,261 (+532%), from €133,922 to €846,183
of which Trade receivables: +€720,032
- Deferred charges and accrued income +€110,343
up €110,343 (+3,106%), from €3,553 to €113,895
- Cash -€37,250
down €37,250 (-5.7%), from €652,713 to €615,463
mainly Receivables within one year (-€712,261) and Contributions, distributions and other (-€690,000)
- Accrued charges and deferred income +€590,000
new in 2025: €590,000
- Tax, wage and social debts +€221,640
up €221,640 (+86.7%), from €255,603 to €477,242
of which Taxes: +€236,575
- Contributions +€60,000
up €60,000 (+200%), from €30,000 to €90,000
- Debts after one year -€60,000
no longer reported in 2025 (was €60,000)
- Reserves -€56,933
down €56,933 (-7.3%), from €781,422 to €724,489
- Gross operating margin -€163,931
down €163,931 (-11.7%), from €1.4m to €1.2m
- Staff costs -€57,038
down €57,038 (-41.8%), from €136,346 to €79,307
- Financial charges -€27,560
down €27,560 (-58.4%), from €47,185 to €19,625
of which Financial charges: -€22,910
- Financial income -€26,781
down €26,781 (-75.6%), from €35,446 to €8,666
of which Financial income: -€30,169
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 | €1,261,523 | €2,047,826 | +€786,303 | +62.3% |
| Fixed assets | 21/28 | €471,336 | €472,286 | +€950 | +0.2% |
| Intangible fixed assets | 21 | €1,820 | €1,172 | -€648 | -35.6% |
| Tangible fixed assets | 22/27 | €460,835 | €463,433 | +€2,598 | +0.6% |
| Plant, machinery and equipment | 23 | €437,360 | €447,027 | +€9,667 | +2.2% |
| Furniture and vehicles | 24 | €16,171 | €11,270 | -€4,901 | -30.3% |
| Other tangible fixed assets | 26 | €7,304 | €5,136 | -€2,168 | -29.7% |
| Financial fixed assets | 28 | €8,680 | €7,680 | -€1,000 | -11.5% |
| Current assets | 29/58 | €790,187 | €1,575,541 | +€785,354 | +99.4% |
| Amounts receivable within one year | 40/41 | €133,922 | €846,183 | +€712,261 | +532% |
| Trade receivables | 40 | €50,390 | €770,421 | +€720,032 | +1,429% |
| Other amounts receivable | 41 | €83,532 | €75,761 | -€7,771 | -9.3% |
| Cash at bank and in hand | 54/58 | €652,713 | €615,463 | -€37,250 | -5.7% |
| Deferred charges and accrued income | 490/1 | €3,553 | €113,895 | +€110,343 | +3,106% |
| Total equity and liabilities | 10/49 | €1,261,523 | €2,047,826 | +€786,303 | +62.3% |
| Equity | 10/15 | €811,422 | €814,489 | +€3,067 | +0.4% |
| Contributions | 10/11 | €30,000 | €90,000 | +€60,000 | +200% |
| Reserves | 13 | €781,422 | €724,489 | -€56,933 | -7.3% |
| Distributable reserves | 133 | €781,422 | €724,489 | -€56,933 | -7.3% |
| Amounts payable | 17/49 | €450,101 | €1,233,337 | +€783,236 | +174% |
| Amounts payable after more than one year | 17 | €60,000 | - | -€60,000 | |
| Financial debts | 170/4 | €60,000 | - | -€60,000 | |
| Amounts payable within one year | 42/48 | €390,101 | €643,337 | +€253,236 | +64.9% |
| Financial debts | 43 | €6,254 | €5,941 | -€313 | -5.0% |
| Credit institutions | 430/8 | €6,254 | €5,941 | -€313 | -5.0% |
| Trade debts | 44 | €125,065 | €160,154 | +€35,089 | +28.1% |
| Suppliers | 440/4 | €125,065 | €160,154 | +€35,089 | +28.1% |
| Taxes, remuneration and social security | 45 | €255,603 | €477,242 | +€221,640 | +86.7% |
| Taxes | 450/3 | €237,351 | €473,927 | +€236,575 | +99.7% |
| Remuneration and social security | 454/9 | €18,252 | €3,316 | -€14,936 | -81.8% |
| Other amounts payable | 47/48 | €3,179 | - | -€3,179 | |
| Accrued charges and deferred income | 492/3 | - | €590,000 | +€590,000 | |
| Remuneration, social security and pensions | 62 | €136,346 | €79,307 | -€57,038 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,277 | €220,778 | -€3,499 | -1.6% |
| Other operating charges | 640/8 | €4,880 | €3,311 | -€1,569 | -32.2% |
| Gross operating margin | 9900 | €1,396,015 | €1,232,084 | -€163,931 | -11.7% |
| Operating profit (loss) | 9901 | €1,030,512 | €928,688 | -€101,824 | -9.9% |
| Financial income | 75/76B | €35,446 | €8,666 | -€26,781 | -75.6% |
| Recurring financial income | 75 | €35,446 | €5,278 | -€30,169 | -85.1% |
| Non-recurring financial income | 76B | - | €3,388 | +€3,388 | |
| Financial charges | 65/66B | €47,185 | €19,625 | -€27,560 | -58.4% |
| Recurring financial charges | 65 | €42,535 | €19,625 | -€22,910 | -53.9% |
| Non-recurring financial charges | 66B | €4,650 | - | -€4,650 | |
| Profit (loss) for the period before taxes | 9903 | €1,018,774 | €917,729 | -€101,045 | -9.9% |
| Income taxes | 67/77 | €237,351 | €224,662 | -€12,689 | -5.3% |
| Profit (loss) for the period | 9904 | €781,422 | €693,067 | -€88,355 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €781,422 | €693,067 | -€88,355 | -11.3% |
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 29 October 2026 via checked.be.