MEDIA RUEDA: 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 RUEDA
Largest movements
- Stocks and contracts +€72,218
up €72,218 (+21.4%), from €337,836 to €410,054
- Intangible fixed assets +€30,712
up €30,712 (+143%), from €21,472 to €52,183
- Trade debts +€36,673
up €36,673 (+91.6%), from €40,037 to €76,709
- Profit (loss) carried forward +€28,936
up €28,936, from -€22,248 to €6,688
- Other debts +€20,231
up €20,231 (+8.9%), from €227,032 to €247,263
- Short-term financial debts +€19,735
up €19,735 (+43.3%), from €45,611 to €65,347
of which Other loans: +€65,347
- Gross operating margin +€18,255
up €18,255 (+36.5%), from €49,995 to €68,250
- Depreciation +€9,562
up €9,562 (+495%), from €1,932 to €11,494
- Other operating charges -€7,324
down €7,324 (-55.0%), from €13,323 to €6,000
- Staff costs +€1,775
up €1,775 (+20.1%), from €8,840 to €10,615
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 | €380,880 | €488,063 | +€107,183 | +28.1% |
| Fixed assets | 21/28 | €23,578 | €55,753 | +€32,176 | +136% |
| Intangible fixed assets | 21 | €21,472 | €52,183 | +€30,712 | +143% |
| Tangible fixed assets | 22/27 | €1,056 | €2,520 | +€1,464 | +139% |
| Land and buildings | 22 | €1,056 | €852 | -€204 | -19.3% |
| Furniture and vehicles | 24 | - | €1,668 | +€1,668 | |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €357,303 | €432,310 | +€75,007 | +21.0% |
| Stocks and contracts in progress | 3 | €337,836 | €410,054 | +€72,218 | +21.4% |
| Stocks | 30/36 | €337,836 | €410,054 | +€72,218 | +21.4% |
| Amounts receivable within one year | 40/41 | €19,288 | €19,141 | -€146 | -0.8% |
| Trade receivables | 40 | €16,141 | €13,884 | -€2,257 | -14.0% |
| Other amounts receivable | 41 | €3,146 | €5,257 | +€2,111 | +67.1% |
| Cash at bank and in hand | 54/58 | €175 | €231 | +€56 | +31.9% |
| Deferred charges and accrued income | 490/1 | €4 | €2,883 | +€2,880 | +76,993% |
| Total equity and liabilities | 10/49 | €380,880 | €488,063 | +€107,183 | +28.1% |
| Equity | 10/15 | €67,752 | €96,688 | +€28,936 | +42.7% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,248 | €6,688 | +€28,936 | |
| Amounts payable | 17/49 | €313,128 | €391,375 | +€78,247 | +25.0% |
| Amounts payable within one year | 42/48 | €313,128 | €391,375 | +€78,247 | +25.0% |
| Financial debts | 43 | €45,611 | €65,347 | +€19,735 | +43.3% |
| Credit institutions | 430/8 | €45,611 | €0 | -€45,611 | -100% |
| Other loans | 439 | - | €65,347 | +€65,347 | |
| Trade debts | 44 | €40,037 | €76,709 | +€36,673 | +91.6% |
| Suppliers | 440/4 | €40,037 | €76,709 | +€36,673 | +91.6% |
| Taxes, remuneration and social security | 45 | €448 | €2,056 | +€1,608 | +359% |
| Taxes | 450/3 | - | €244 | +€244 | |
| Remuneration and social security | 454/9 | €448 | €1,812 | +€1,364 | +304% |
| Other amounts payable | 47/48 | €227,032 | €247,263 | +€20,231 | +8.9% |
| Remuneration, social security and pensions | 62 | €8,840 | €10,615 | +€1,775 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,932 | €11,494 | +€9,562 | +495% |
| Other operating charges | 640/8 | €13,323 | €6,000 | -€7,324 | -55.0% |
| Gross operating margin | 9900 | €49,995 | €68,250 | +€18,255 | +36.5% |
| Operating profit (loss) | 9901 | €25,900 | €40,141 | +€14,242 | +55.0% |
| Financial income | 75/76B | €2,000 | €2,107 | +€106 | +5.3% |
| Recurring financial income | 75 | €2,000 | €2,107 | +€106 | +5.3% |
| Financial charges | 65/66B | €13,328 | €13,068 | -€259 | -1.9% |
| Recurring financial charges | 65 | €13,328 | €13,068 | -€259 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €14,572 | €29,180 | +€14,608 | +100% |
| Income taxes | 67/77 | - | €244 | +€244 | |
| Profit (loss) for the period | 9904 | €14,572 | €28,936 | +€14,363 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,572 | €28,936 | +€14,363 | +98.6% |
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 27 October 2026 via checked.be.