MEDIA SURPLUS: 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 SURPLUS
Largest movements
- Current investments +€38,532
new in 2025: €38,532
- Receivables within one year -€26,208
down €26,208 (-6.6%), from €394,447 to €368,240
of which Trade receivables: -€20,003
- Cash +€6,127
up €6,127 (+16.5%), from €37,148 to €43,275
mainly Net result for the year (+€71,631) and Other debts (+€48,000)
- Other debts +€48,000
up €48,000, from €0 to €48,000
- Tax, wage and social debts -€29,909
down €29,909 (-59.7%), from €50,136 to €20,227
of which Taxes: -€32,712
- Reserves +€23,200
up €23,200 (+11.3%), from €204,609 to €227,809
of which Distributable reserves: +€23,200
- Debts after one year -€16,643
down €16,643 (-100%), from €16,643 to €0
- Current portion of long-term debt -€15,469
down €15,469 (-73.3%), from €21,099 to €5,629
- Taxes -€37,527
down €37,527, from €10,000 to -€27,527
- Gross operating margin -€32,190
down €32,190 (-25.4%), from €126,523 to €94,333
- Staff costs -€20,807
down €20,807 (-52.5%), from €39,670 to €18,862
- Financial charges -€19,678
down €19,678 (-79.4%), from €24,769 to €5,091
- Write-downs -€11,322
down €11,322 (-100%), from €11,322 to €0
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 | €537,673 | €550,995 | +€13,322 | +2.5% |
| Fixed assets | 21/28 | €94,267 | €89,138 | -€5,129 | -5.4% |
| Tangible fixed assets | 22/27 | €58,960 | €53,831 | -€5,129 | -8.7% |
| Land and buildings | 22 | €1,526 | €1,495 | -€31 | -2.0% |
| Plant, machinery and equipment | 23 | €4,342 | €3,869 | -€473 | -10.9% |
| Furniture and vehicles | 24 | €53,092 | €48,467 | -€4,625 | -8.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €35,307 | €35,307 | = | 0.0% |
| Current assets | 29/58 | €443,406 | €461,857 | +€18,451 | +4.2% |
| Stocks and contracts in progress | 3 | €11,811 | €11,811 | = | 0.0% |
| Stocks | 30/36 | €11,811 | €11,811 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €394,447 | €368,240 | -€26,208 | -6.6% |
| Trade receivables | 40 | €243,359 | €223,356 | -€20,003 | -8.2% |
| Other amounts receivable | 41 | €151,089 | €144,884 | -€6,205 | -4.1% |
| Current investments | 50/53 | - | €38,532 | +€38,532 | |
| Cash at bank and in hand | 54/58 | €37,148 | €43,275 | +€6,127 | +16.5% |
| Total equity and liabilities | 10/49 | €537,673 | €550,995 | +€13,322 | +2.5% |
| Equity | 10/15 | €262,588 | €286,218 | +€23,631 | +9.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €204,609 | €227,809 | +€23,200 | +11.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €184,000 | €207,200 | +€23,200 | +12.6% |
| Profit (loss) carried forward | 14 | €39,386 | €39,817 | +€431 | +1.1% |
| Amounts payable | 17/49 | €275,086 | €264,776 | -€10,309 | -3.7% |
| Amounts payable after more than one year | 17 | €16,643 | €0 | -€16,643 | -100% |
| Financial debts | 170/4 | €16,643 | €0 | -€16,643 | -100% |
| Amounts payable within one year | 42/48 | €258,442 | €264,776 | +€6,334 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €21,099 | €5,629 | -€15,469 | -73.3% |
| Trade debts | 44 | €87,208 | €90,920 | +€3,713 | +4.3% |
| Suppliers | 440/4 | €87,208 | €90,920 | +€3,713 | +4.3% |
| Advances received on contracts in progress | 46 | €100,000 | €100,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €50,136 | €20,227 | -€29,909 | -59.7% |
| Taxes | 450/3 | €47,477 | €14,765 | -€32,712 | -68.9% |
| Remuneration and social security | 454/9 | €2,659 | €5,462 | +€2,803 | +105% |
| Other amounts payable | 47/48 | €0 | €48,000 | +€48,000 | |
| Remuneration, social security and pensions | 62 | €39,670 | €18,862 | -€20,807 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,231 | €19,629 | +€398 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,322 | €0 | -€11,322 | -100% |
| Other operating charges | 640/8 | €6,160 | €6,964 | +€805 | +13.1% |
| Gross operating margin | 9900 | €126,523 | €94,333 | -€32,190 | -25.4% |
| Operating profit (loss) | 9901 | €50,141 | €48,878 | -€1,264 | -2.5% |
| Financial income | 75/76B | €576 | €318 | -€258 | -44.9% |
| Recurring financial income | 75 | €576 | €318 | -€258 | -44.9% |
| Financial charges | 65/66B | €24,769 | €5,091 | -€19,678 | -79.4% |
| Recurring financial charges | 65 | €24,769 | €5,091 | -€19,678 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €25,948 | €44,104 | +€18,156 | +70.0% |
| Income taxes | 67/77 | €10,000 | -€27,527 | -€37,527 | |
| Profit (loss) for the period | 9904 | €15,948 | €71,631 | +€55,683 | +349% |
| Profit (loss) for the period to be appropriated | 9905 | €15,948 | €71,631 | +€55,683 | +349% |
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 17 October 2026 via checked.be.