MEDIA-PACT: 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-PACT
Largest movements
- Current investments +€520,616
up €520,616 (+5,185%), from €10,042 to €530,658
- Tangible fixed assets -€270,515
down €270,515 (-33.3%), from €813,500 to €542,984
of which Land and buildings: -€254,380
- Cash +€30,326
up €30,326 (+968%), from €3,134 to €33,460
mainly Net result for the year (+€317,263) and Investment in fixed assets (net) (+€241,656)
- Receivables within one year +€25,740
up €25,740 (+42.1%), from €61,170 to €86,911
of which Other amounts receivable: +€81,904
- Reserves +€313,933
up €313,933 (+98.6%), from €318,308 to €632,241
of which Distributable reserves: +€318,163
- Tax, wage and social debts +€112,669
up €112,669 (+9,728%), from €1,158 to €113,828
- Debts after one year -€55,603
down €55,603 (-26.0%), from €214,220 to €158,616
- Trade debts -€43,414
down €43,414 (-80.9%), from €53,695 to €10,281
- Other debts -€18,285
down €18,285 (-84.6%), from €21,615 to €3,330
- Gross operating margin +€456,171
up €456,171 (+2,825%), from €16,145 to €472,316
- Taxes +€113,854
up €113,854 (+35,168%), from €324 to €114,178
- Depreciation -€15,844
down €15,844 (-35.4%), from €44,809 to €28,965
- Financial charges +€8,844
up €8,844 (+102%), from €8,705 to €17,549
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 | €930,055 | €1,235,407 | +€305,351 | +32.8% |
| Fixed assets | 21/28 | €855,000 | €584,379 | -€270,621 | -31.7% |
| Intangible fixed assets | 21 | €2,858 | €2,572 | -€286 | -10.0% |
| Tangible fixed assets | 22/27 | €813,500 | €542,984 | -€270,515 | -33.3% |
| Land and buildings | 22 | €747,707 | €493,327 | -€254,380 | -34.0% |
| Plant, machinery and equipment | 23 | €8,545 | €11,587 | +€3,041 | +35.6% |
| Furniture and vehicles | 24 | €1,754 | €1,143 | -€611 | -34.8% |
| Leasing and similar rights | 25 | €55,493 | €36,927 | -€18,565 | -33.5% |
| Financial fixed assets | 28 | €38,643 | €38,823 | +€180 | +0.5% |
| Current assets | 29/58 | €75,056 | €651,028 | +€575,973 | +767% |
| Amounts receivable within one year | 40/41 | €61,170 | €86,911 | +€25,740 | +42.1% |
| Trade receivables | 40 | €57,607 | €1,443 | -€56,164 | -97.5% |
| Other amounts receivable | 41 | €3,563 | €85,468 | +€81,904 | +2,298% |
| Current investments | 50/53 | €10,042 | €530,658 | +€520,616 | +5,185% |
| Cash at bank and in hand | 54/58 | €3,134 | €33,460 | +€30,326 | +968% |
| Deferred charges and accrued income | 490/1 | €710 | - | -€710 | |
| Total equity and liabilities | 10/49 | €930,055 | €1,235,407 | +€305,351 | +32.8% |
| Equity | 10/15 | €525,808 | €839,741 | +€313,933 | +59.7% |
| Contributions | 10/11 | €207,500 | €207,500 | = | 0.0% |
| Capital | 10 | €207,500 | €207,500 | = | 0.0% |
| Issued capital | 100 | €207,500 | €207,500 | = | 0.0% |
| Reserves | 13 | €318,308 | €632,241 | +€313,933 | +98.6% |
| Non-distributable reserves | 130/1 | €20,750 | €20,750 | = | 0.0% |
| Legal reserve | 130 | €20,750 | €20,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €100,359 | €96,130 | -€4,230 | -4.2% |
| Distributable reserves | 133 | €197,198 | €515,361 | +€318,163 | +161% |
| Provisions and deferred taxes | 16 | €53,092 | €52,008 | -€1,084 | -2.0% |
| Deferred taxes | 168 | €53,092 | €52,008 | -€1,084 | -2.0% |
| Amounts payable | 17/49 | €351,156 | €343,658 | -€7,498 | -2.1% |
| Amounts payable after more than one year | 17 | €214,220 | €158,616 | -€55,603 | -26.0% |
| Financial debts | 170/4 | €214,220 | €158,616 | -€55,603 | -26.0% |
| Amounts payable within one year | 42/48 | €135,302 | €185,042 | +€49,739 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €58,834 | €57,603 | -€1,231 | -2.1% |
| Trade debts | 44 | €53,695 | €10,281 | -€43,414 | -80.9% |
| Suppliers | 440/4 | €53,695 | €10,281 | -€43,414 | -80.9% |
| Taxes, remuneration and social security | 45 | €1,158 | €113,828 | +€112,669 | +9,728% |
| Taxes | 450/3 | €1,158 | €113,828 | +€112,669 | +9,728% |
| Other amounts payable | 47/48 | €21,615 | €3,330 | -€18,285 | -84.6% |
| Accrued charges and deferred income | 492/3 | €1,634 | - | -€1,634 | |
| Non-recurring operating income | 76A | - | €578,260 | +€578,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,809 | €28,965 | -€15,844 | -35.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,300 | - | -€1,300 | |
| Other operating charges | 640/8 | €3,117 | - | -€3,117 | |
| Gross operating margin | 9900 | €16,145 | €472,316 | +€456,171 | +2,825% |
| Operating profit (loss) | 9901 | -€33,080 | €443,351 | +€476,431 | |
| Financial income | 75/76B | €4,267 | €4,555 | +€288 | +6.7% |
| Recurring financial income | 75 | €4,267 | €4,555 | +€288 | +6.7% |
| Financial charges | 65/66B | €8,705 | €17,549 | +€8,844 | +102% |
| Recurring financial charges | 65 | €8,705 | €17,549 | +€8,844 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€37,518 | €430,356 | +€467,875 | |
| Transfer from deferred taxes | 780 | €1,084 | €1,084 | = | 0.0% |
| Income taxes | 67/77 | €324 | €114,178 | +€113,854 | +35,168% |
| Profit (loss) for the period | 9904 | -€36,758 | €317,263 | +€354,021 | |
| Transfer from tax-exempt reserves | 789 | €4,230 | €4,230 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,528 | €321,493 | +€354,021 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.