MEDIA SERVICE: what changed
MEDIA SERVICE
Largest movements
- Cash -€64,181
down €64,181 (-48.9%), from €131,182 to €67,000
mainly Contributions, distributions and other (-€75,036) and Short-term financial debts (-€30,077)
- Stocks and contracts -€8,121
down €8,121 (-3.3%), from €248,138 to €240,016
- Receivables within one year -€5,997
down €5,997 (-34.9%), from €17,182 to €11,185
of which Other amounts receivable: -€11,375
- Tangible fixed assets -€4,255
down €4,255 (-39.2%), from €10,840 to €6,585
of which Furniture and vehicles: -€3,520
- Reserves -€37,327
down €37,327 (-18.4%), from €202,684 to €165,357
- Short-term financial debts -€30,077
down €30,077 (-19.4%), from €155,077 to €125,000
of which Credit institutions: -€25,000
- Trade debts -€16,561
down €16,561 (-58.6%), from €28,281 to €11,719
- Gross operating margin -€3,453
down €3,453 (-4.9%), from €70,252 to €66,799
- Financial charges -€2,069
down €2,069 (-19.9%), from €10,396 to €8,327
- Depreciation -€718
down €718 (-11.1%), from €6,500 to €5,781
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,069 | €334,747 | -€86,322 | -20.5% |
| Fixed assets | 21/28 | €14,605 | €10,350 | -€4,255 | -29.1% |
| Tangible fixed assets | 22/27 | €10,840 | €6,585 | -€4,255 | -39.2% |
| Land and buildings | 22 | €660 | €0 | -€660 | -100% |
| Plant, machinery and equipment | 23 | €74 | €0 | -€74 | -100% |
| Furniture and vehicles | 24 | €10,106 | €6,585 | -€3,520 | -34.8% |
| Financial fixed assets | 28 | €3,765 | €3,765 | = | 0.0% |
| Current assets | 29/58 | €406,464 | €324,397 | -€82,067 | -20.2% |
| Stocks and contracts in progress | 3 | €248,138 | €240,016 | -€8,121 | -3.3% |
| Stocks | 30/36 | €248,138 | €240,016 | -€8,121 | -3.3% |
| Amounts receivable within one year | 40/41 | €17,182 | €11,185 | -€5,997 | -34.9% |
| Trade receivables | 40 | €3,385 | €8,762 | +€5,377 | +159% |
| Other amounts receivable | 41 | €13,798 | €2,423 | -€11,375 | -82.4% |
| Cash at bank and in hand | 54/58 | €131,182 | €67,000 | -€64,181 | -48.9% |
| Deferred charges and accrued income | 490/1 | €9,963 | €6,196 | -€3,767 | -37.8% |
| Total equity and liabilities | 10/49 | €421,069 | €334,747 | -€86,322 | -20.5% |
| Equity | 10/15 | €205,305 | €167,977 | -€37,327 | -18.2% |
| Contributions | 10/11 | €2,621 | €2,621 | = | 0.0% |
| Reserves | 13 | €202,684 | €165,357 | -€37,327 | -18.4% |
| Distributable reserves | 133 | €202,684 | €165,357 | -€37,327 | -18.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €215,764 | €166,770 | -€48,995 | -22.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €215,734 | €166,770 | -€48,964 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €2,421 | €0 | -€2,421 | -100% |
| Financial debts | 43 | €155,077 | €125,000 | -€30,077 | -19.4% |
| Credit institutions | 430/8 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Other loans | 439 | €5,077 | €0 | -€5,077 | -100% |
| Trade debts | 44 | €28,281 | €11,719 | -€16,561 | -58.6% |
| Suppliers | 440/4 | €28,281 | €11,719 | -€16,561 | -58.6% |
| Advances received on contracts in progress | 46 | €457 | €447 | -€10 | -2.1% |
| Taxes, remuneration and social security | 45 | €25,856 | €29,603 | +€3,747 | +14.5% |
| Taxes | 450/3 | €25,856 | €29,603 | +€3,747 | +14.5% |
| Other amounts payable | 47/48 | €3,642 | €0 | -€3,642 | -100% |
| Accrued charges and deferred income | 492/3 | €30 | €0 | -€30 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,500 | €5,781 | -€718 | -11.1% |
| Other operating charges | 640/8 | €883 | €1,152 | +€269 | +30.5% |
| Gross operating margin | 9900 | €70,252 | €66,799 | -€3,453 | -4.9% |
| Operating profit (loss) | 9901 | €62,869 | €59,866 | -€3,003 | -4.8% |
| Financial income | 75/76B | €1,533 | €1,315 | -€217 | -14.2% |
| Recurring financial income | 75 | €1,533 | €1,315 | -€217 | -14.2% |
| Financial charges | 65/66B | €10,396 | €8,327 | -€2,069 | -19.9% |
| Recurring financial charges | 65 | €10,396 | €8,327 | -€2,069 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €54,006 | €52,855 | -€1,151 | -2.1% |
| Income taxes | 67/77 | €15,043 | €15,146 | +€102 | +0.7% |
| Profit (loss) for the period | 9904 | €38,963 | €37,709 | -€1,254 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,963 | €37,709 | -€1,254 | -3.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.