MEDIA RESEARCH: 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 RESEARCH
Largest movements
- Tangible fixed assets -€76,785
down €76,785 (-4.1%), from €1.9m to €1.8m
- Reserves -€126,171
down €126,171 (-8.9%), from €1.4m to €1.3m
of which Distributable reserves: -€126,171
- Other debts +€52,197
up €52,197 (+4.2%), from €1.2m to €1.3m
- Gross operating margin -€11,073
down €11,073, from €8,726 to -€2,347
- Depreciation -€7,820
down €7,820 (-6.1%), from €129,024 to €121,204
- Financial income -€632
down €632 (-30.4%), from €2,083 to €1,451
- Financial charges +€134
up €134 (+29.2%), from €457 to €591
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 | €2,714,561 | €2,643,449 | -€71,111 | -2.6% |
| Fixed assets | 21/28 | €2,488,099 | €2,411,315 | -€76,785 | -3.1% |
| Tangible fixed assets | 22/27 | €1,853,492 | €1,776,707 | -€76,785 | -4.1% |
| Land and buildings | 22 | €1,853,492 | €1,776,707 | -€76,785 | -4.1% |
| Financial fixed assets | 28 | €634,607 | €634,607 | = | 0.0% |
| Current assets | 29/58 | €226,461 | €232,135 | +€5,673 | +2.5% |
| Amounts receivable within one year | 40/41 | €69,017 | €69,176 | +€159 | +0.2% |
| Other amounts receivable | 41 | €69,017 | €69,176 | +€159 | +0.2% |
| Cash at bank and in hand | 54/58 | €152,903 | €160,563 | +€7,659 | +5.0% |
| Deferred charges and accrued income | 490/1 | €4,541 | €2,396 | -€2,145 | -47.2% |
| Total equity and liabilities | 10/49 | €2,714,561 | €2,643,449 | -€71,111 | -2.6% |
| Equity | 10/15 | €1,481,115 | €1,354,944 | -€126,171 | -8.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,419,115 | €1,292,944 | -€126,171 | -8.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €1,411,615 | €1,285,444 | -€126,171 | -8.9% |
| Amounts payable | 17/49 | €1,233,446 | €1,288,506 | +€55,060 | +4.5% |
| Amounts payable within one year | 42/48 | €1,233,446 | €1,288,506 | +€55,060 | +4.5% |
| Trade debts | 44 | €1,053 | €3,916 | +€2,863 | +272.0% |
| Suppliers | 440/4 | €1,053 | €3,916 | +€2,863 | +272.0% |
| Other amounts payable | 47/48 | €1,232,393 | €1,284,590 | +€52,197 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,024 | €121,204 | -€7,820 | -6.1% |
| Other operating charges | 640/8 | €3,411 | €3,480 | +€70 | +2.0% |
| Gross operating margin | 9900 | €8,726 | -€2,347 | -€11,073 | |
| Operating profit (loss) | 9901 | -€123,708 | -€127,031 | -€3,323 | -2.7% |
| Financial income | 75/76B | €2,083 | €1,451 | -€632 | -30.4% |
| Recurring financial income | 75 | €2,083 | €1,451 | -€632 | -30.4% |
| Financial charges | 65/66B | €457 | €591 | +€134 | +29.2% |
| Recurring financial charges | 65 | €457 | €591 | +€134 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | -€122,083 | -€126,171 | -€4,089 | -3.3% |
| Profit (loss) for the period | 9904 | -€122,083 | -€126,171 | -€4,089 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,083 | -€126,171 | -€4,089 | -3.3% |
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 11 October 2026 via checked.be.