MEDIA SYSTEM: 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.
MEDIA SYSTEM
Largest movements
- Tangible fixed assets +€7,468
up €7,468 (+177.6%), from €4,206 to €11,674
of which Furniture and vehicles: +€7,635
- Cash -€4,514
down €4,514 (-60.6%), from €7,448 to €2,934
mainly Net result for the year (-€10,031) and Investment in fixed assets (net) (-€9,740)
- Receivables within one year +€575
up €575 (+164.5%), from €349 to €924
- Financial fixed assets +€500
new in 2025: €500
- Stocks and contracts +€260
up €260 (+3.9%), from €6,734 to €6,993
- Tax, wage and social debts +€11,635
up €11,635 (+150.3%), from €7,743 to €19,378
of which Remuneration and social security: +€9,082
- Profit (loss) carried forward -€10,031
down €10,031 (-15.0%), from -€66,657 to -€76,688
- Trade debts +€5,515
up €5,515 (+13.7%), from €40,268 to €45,783
- Accrued charges and deferred income -€4,368
no longer reported in 2025 (was €4,368)
- Other debts +€1,651
up €1,651 (+11.5%), from €14,415 to €16,066
- Gross operating margin +€43,716
up €43,716 (+2311.9%), from €1,891 to €45,607
- Staff costs +€41,055
up €41,055 (+420.7%), from €9,760 to €50,815
- Depreciation +€530
up €530 (+42.7%), from €1,241 to €1,772
- Financial charges -€517
down €517 (-16.0%), from €3,218 to €2,702
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 | €18,737 | €23,140 | +€4,403 | +23.5% |
| Fixed assets | 21/28 | €4,206 | €12,174 | +€7,968 | +189.5% |
| Tangible fixed assets | 22/27 | €4,206 | €11,674 | +€7,468 | +177.6% |
| Furniture and vehicles | 24 | €3,482 | €11,117 | +€7,635 | +219.2% |
| Other tangible fixed assets | 26 | €723 | €556 | -€167 | -23.1% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €14,531 | €10,966 | -€3,565 | -24.5% |
| Stocks and contracts in progress | 3 | €6,734 | €6,993 | +€260 | +3.9% |
| Stocks | 30/36 | €6,734 | €6,993 | +€260 | +3.9% |
| Amounts receivable within one year | 40/41 | €349 | €924 | +€575 | +164.5% |
| Other amounts receivable | 41 | €349 | €924 | +€575 | +164.5% |
| Cash at bank and in hand | 54/58 | €7,448 | €2,934 | -€4,514 | -60.6% |
| Deferred charges and accrued income | 490/1 | - | €115 | +€115 | |
| Total equity and liabilities | 10/49 | €18,737 | €23,140 | +€4,403 | +23.5% |
| Equity | 10/15 | -€48,057 | -€58,088 | -€10,031 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,657 | -€76,688 | -€10,031 | -15.0% |
| Amounts payable | 17/49 | €66,794 | €81,228 | +€14,434 | +21.6% |
| Amounts payable within one year | 42/48 | €62,426 | €81,228 | +€18,802 | +30.1% |
| Trade debts | 44 | €40,268 | €45,783 | +€5,515 | +13.7% |
| Suppliers | 440/4 | €40,268 | €45,783 | +€5,515 | +13.7% |
| Taxes, remuneration and social security | 45 | €7,743 | €19,378 | +€11,635 | +150.3% |
| Taxes | 450/3 | €2,125 | €4,679 | +€2,554 | +120.2% |
| Remuneration and social security | 454/9 | €5,618 | €14,700 | +€9,082 | +161.7% |
| Other amounts payable | 47/48 | €14,415 | €16,066 | +€1,651 | +11.5% |
| Accrued charges and deferred income | 492/3 | €4,368 | - | -€4,368 | |
| Remuneration, social security and pensions | 62 | €9,760 | €50,815 | +€41,055 | +420.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,241 | €1,772 | +€530 | +42.7% |
| Other operating charges | 640/8 | €444 | €350 | -€94 | -21.2% |
| Gross operating margin | 9900 | €1,891 | €45,607 | +€43,716 | +2311.9% |
| Operating profit (loss) | 9901 | -€9,554 | -€7,329 | +€2,225 | +23.3% |
| Financial charges | 65/66B | €3,218 | €2,702 | -€517 | -16.0% |
| Recurring financial charges | 65 | €3,218 | €2,702 | -€517 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,772 | -€10,031 | +€2,741 | +21.5% |
| Profit (loss) for the period | 9904 | -€12,772 | -€10,031 | +€2,741 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,772 | -€10,031 | +€2,741 | +21.5% |
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 29 September 2026 via checked.be.