Média & Pub: what changed
Two fiscal 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.
Média & Pub
Largest movements
- Receivables within one year +€550,167
up €550,167 (+49.8%), from €1.1m to €1.7m
of which Other amounts receivable: +€757,591
- Intangible fixed assets +€69,132
up €69,132 (+82.9%), from €83,342 to €152,474
- Deferred charges and accrued income +€60,002
up €60,002 (+659.2%), from €9,102 to €69,104
- Current investments +€34,916
new in 2025: €34,916
- Trade debts +€532,085
up €532,085 (+72.8%), from €731,095 to €1.3m
- Provisions +€275,021
up €275,021 (+58.5%), from €470,139 to €745,159
- Profit (loss) carried forward -€68,425
down €68,425, from €25,187 to -€43,238
- Other debts -€55,000
no longer reported in 2025 (was €55,000)
- Short-term financial debts +€31,086
new in 2025: €31,086
- Staff costs +€41,457
up €41,457 (+34.6%), from €119,962 to €161,420
- Gross operating margin -€32,941
down €32,941 (-18.7%), from €175,998 to €143,057
- Depreciation +€23,379
up €23,379 (+107.5%), from €21,745 to €45,123
- Financial charges +€4,841
up €4,841 (+66.3%), from €7,299 to €12,140
- Taxes -€4,639
down €4,639 (-43.0%), from €10,793 to €6,155
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,312,332 | €2,006,273 | +€693,941 | +52.9% |
| Formation expenses | 20 | €1,124 | €1,124 | -€0 | 0.0% |
| Fixed assets | 21/28 | €163,539 | €229,675 | +€66,136 | +40.4% |
| Intangible fixed assets | 21 | €83,342 | €152,474 | +€69,132 | +82.9% |
| Tangible fixed assets | 22/27 | €79,834 | €76,838 | -€2,996 | -3.8% |
| Plant, machinery and equipment | 23 | €79,834 | €76,838 | -€2,996 | -3.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €1,147,669 | €1,775,474 | +€627,805 | +54.7% |
| Amounts receivable within one year | 40/41 | €1,105,660 | €1,655,827 | +€550,167 | +49.8% |
| Trade receivables | 40 | €533,430 | €326,006 | -€207,423 | -38.9% |
| Other amounts receivable | 41 | €572,230 | €1,329,820 | +€757,591 | +132.4% |
| Current investments | 50/53 | - | €34,916 | +€34,916 | |
| Cash at bank and in hand | 54/58 | €32,907 | €15,627 | -€17,280 | -52.5% |
| Deferred charges and accrued income | 490/1 | €9,102 | €69,104 | +€60,002 | +659.2% |
| Total equity and liabilities | 10/49 | €1,312,332 | €2,006,273 | +€693,941 | +52.9% |
| Equity | 10/15 | €30,187 | -€38,238 | -€68,425 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,187 | -€43,238 | -€68,425 | |
| Provisions and deferred taxes | 16 | €470,139 | €745,159 | +€275,021 | +58.5% |
| Provisions for liabilities and charges | 160/5 | €470,139 | €745,159 | +€275,021 | +58.5% |
| Other liabilities and charges | 164/5 | €470,139 | €745,159 | +€275,021 | +58.5% |
| Amounts payable | 17/49 | €812,006 | €1,299,351 | +€487,345 | +60.0% |
| Amounts payable within one year | 42/48 | €812,006 | €1,299,351 | +€487,345 | +60.0% |
| Financial debts | 43 | - | €31,086 | +€31,086 | |
| Credit institutions | 430/8 | - | €31,086 | +€31,086 | |
| Trade debts | 44 | €731,095 | €1,263,180 | +€532,085 | +72.8% |
| Suppliers | 440/4 | €731,095 | €1,263,180 | +€532,085 | +72.8% |
| Taxes, remuneration and social security | 45 | €25,911 | €5,085 | -€20,827 | -80.4% |
| Taxes | 450/3 | €12,414 | €4,058 | -€8,356 | -67.3% |
| Remuneration and social security | 454/9 | €13,497 | €1,027 | -€12,470 | -92.4% |
| Other amounts payable | 47/48 | €55,000 | - | -€55,000 | |
| Non-recurring operating income | 76A | - | €33,434 | +€33,434 | |
| Remuneration, social security and pensions | 62 | €119,962 | €161,420 | +€41,457 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,745 | €45,123 | +€23,379 | +107.5% |
| Other operating charges | 640/8 | €973 | €704 | -€270 | -27.7% |
| Non-recurring operating charges | 66A | €4,871 | - | -€4,871 | |
| Gross operating margin | 9900 | €175,998 | €143,057 | -€32,941 | -18.7% |
| Operating profit (loss) | 9901 | €28,446 | -€64,190 | -€92,636 | |
| Financial income | 75/76B | €14,833 | €14,059 | -€774 | -5.2% |
| Recurring financial income | 75 | €14,833 | €14,059 | -€774 | -5.2% |
| Financial charges | 65/66B | €7,299 | €12,140 | +€4,841 | +66.3% |
| Recurring financial charges | 65 | €7,299 | €12,140 | +€4,841 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | €35,980 | -€62,271 | -€98,251 | |
| Income taxes | 67/77 | €10,793 | €6,155 | -€4,639 | -43.0% |
| Profit (loss) for the period | 9904 | €25,187 | -€68,425 | -€93,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,187 | -€68,425 | -€93,613 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.