MEDIA OFFICE: 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 OFFICE
Largest movements
- Stocks and contracts -€53,901
down €53,901 (-42.2%), from €127,853 to €73,952
of which Contracts in progress: -€27,700
- Tangible fixed assets -€52,492
down €52,492 (-8.8%), from €596,373 to €543,881
of which Land and buildings: -€47,858
- Current investments -€40,630
down €40,630 (-7.8%), from €522,899 to €482,268
- Reserves -€137,723
down €137,723 (-11.7%), from €1.2m to €1.0m
of which Distributable reserves: -€137,723
- Other debts +€30,000
new in 2025: €30,000
- Trade debts -€25,311
down €25,311 (-67.3%), from €37,596 to €12,284
- Gross operating margin -€110,621
down €110,621, from €60,936 to -€49,685
- Financial income +€1,817
up €1,817 (+43.1%), from €4,214 to €6,031
- Staff costs +€695
up €695 (+33.5%), from €2,076 to €2,771
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 | €1,275,590 | €1,145,691 | -€129,898 | -10.2% |
| Fixed assets | 21/28 | €596,373 | €543,881 | -€52,492 | -8.8% |
| Tangible fixed assets | 22/27 | €596,373 | €543,881 | -€52,492 | -8.8% |
| Land and buildings | 22 | €584,618 | €536,759 | -€47,858 | -8.2% |
| Furniture and vehicles | 24 | €11,755 | €7,122 | -€4,634 | -39.4% |
| Current assets | 29/58 | €679,216 | €601,810 | -€77,406 | -11.4% |
| Stocks and contracts in progress | 3 | €127,853 | €73,952 | -€53,901 | -42.2% |
| Stocks | 30/36 | €96,000 | €69,799 | -€26,202 | -27.3% |
| Contracts in progress | 37 | €31,853 | €4,153 | -€27,700 | -87.0% |
| Amounts receivable within one year | 40/41 | €17,900 | €25,823 | +€7,923 | +44.3% |
| Trade receivables | 40 | €124 | €5,861 | +€5,737 | +4,637% |
| Other amounts receivable | 41 | €17,776 | €19,962 | +€2,185 | +12.3% |
| Current investments | 50/53 | €522,899 | €482,268 | -€40,630 | -7.8% |
| Cash at bank and in hand | 54/58 | €4,731 | €14,603 | +€9,871 | +209% |
| Deferred charges and accrued income | 490/1 | €5,834 | €5,165 | -€669 | -11.5% |
| Total equity and liabilities | 10/49 | €1,275,590 | €1,145,691 | -€129,898 | -10.2% |
| Equity | 10/15 | €1,234,361 | €1,096,638 | -€137,723 | -11.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,172,388 | €1,034,665 | -€137,723 | -11.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,214 | €15,214 | = | 0.0% |
| Distributable reserves | 133 | €1,150,976 | €1,013,254 | -€137,723 | -12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,229 | €49,053 | +€7,825 | +19.0% |
| Amounts payable within one year | 42/48 | €41,229 | €49,053 | +€7,825 | +19.0% |
| Trade debts | 44 | €37,596 | €12,284 | -€25,311 | -67.3% |
| Suppliers | 440/4 | €37,596 | €12,284 | -€25,311 | -67.3% |
| Taxes, remuneration and social security | 45 | €3,633 | €6,769 | +€3,136 | +86.3% |
| Taxes | 450/3 | €3,633 | €6,769 | +€3,136 | +86.3% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Remuneration, social security and pensions | 62 | €2,076 | €2,771 | +€695 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,685 | €52,492 | -€193 | -0.4% |
| Other operating charges | 640/8 | €8,248 | €8,510 | +€262 | +3.2% |
| Gross operating margin | 9900 | €60,936 | -€49,685 | -€110,621 | |
| Operating profit (loss) | 9901 | -€2,072 | -€113,458 | -€111,386 | -5,375% |
| Financial income | 75/76B | €4,214 | €6,031 | +€1,817 | +43.1% |
| Recurring financial income | 75 | €4,214 | €6,031 | +€1,817 | +43.1% |
| Financial charges | 65/66B | €85 | €113 | +€29 | +33.8% |
| Recurring financial charges | 65 | €85 | €113 | +€29 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €2,057 | -€107,540 | -€109,597 | |
| Income taxes | 67/77 | €189 | €183 | -€7 | -3.4% |
| Profit (loss) for the period | 9904 | €1,868 | -€107,723 | -€109,591 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,868 | -€107,723 | -€109,591 |
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 28 October 2026 via checked.be.