MEDIA TRADING: 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 TRADING
Largest movements
- Receivables within one year -€45,714
down €45,714 (-14.8%), from €308,851 to €263,137
of which Trade receivables: -€37,097
- Tangible fixed assets -€9,012
down €9,012 (-15.5%), from €58,192 to €49,180
of which Other tangible fixed assets: -€7,296
- Trade debts -€56,054
down €56,054 (-78.7%), from €71,228 to €15,174
- Debts after one year -€9,834
down €9,834 (-25.3%), from €38,899 to €29,065
- Profit (loss) carried forward +€9,604
up €9,604 (+19.5%), from €49,184 to €58,788
- Advances received +€8,975
up €8,975 (+12.5%), from €71,555 to €80,530
- Short-term financial debts -€6,116
down €6,116 (-52.8%), from €11,582 to €5,466
- Gross operating margin -€50,243
down €50,243 (-28.8%), from €174,358 to €124,116
- Staff costs -€46,840
down €46,840 (-32.2%), from €145,496 to €98,655
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,308 | €340,881 | -€55,427 | -14.0% |
| Fixed assets | 21/28 | €75,654 | €66,642 | -€9,012 | -11.9% |
| Tangible fixed assets | 22/27 | €58,192 | €49,180 | -€9,012 | -15.5% |
| Plant, machinery and equipment | 23 | €15,676 | €15,914 | +€238 | +1.5% |
| Furniture and vehicles | 24 | €4,652 | €2,698 | -€1,954 | -42.0% |
| Other tangible fixed assets | 26 | €37,865 | €30,568 | -€7,296 | -19.3% |
| Financial fixed assets | 28 | €17,463 | €17,463 | = | 0.0% |
| Current assets | 29/58 | €320,654 | €274,239 | -€46,415 | -14.5% |
| Stocks and contracts in progress | 3 | €8,293 | €8,293 | = | 0.0% |
| Stocks | 30/36 | €8,293 | €8,293 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €308,851 | €263,137 | -€45,714 | -14.8% |
| Trade receivables | 40 | €112,131 | €75,034 | -€37,097 | -33.1% |
| Other amounts receivable | 41 | €196,720 | €188,104 | -€8,616 | -4.4% |
| Deferred charges and accrued income | 490/1 | €3,509 | €2,808 | -€701 | -20.0% |
| Total equity and liabilities | 10/49 | €396,308 | €340,881 | -€55,427 | -14.0% |
| Equity | 10/15 | €164,336 | €173,939 | +€9,604 | +5.8% |
| Contributions | 10/11 | €86,973 | €86,973 | = | 0.0% |
| Capital | 10 | €86,973 | €86,973 | = | 0.0% |
| Issued capital | 100 | €161,973 | €161,973 | = | 0.0% |
| Uncalled capital | 101 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €28,178 | €28,178 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,197 | €16,197 | = | 0.0% |
| Legal reserve | 130 | €16,197 | €16,197 | = | 0.0% |
| Distributable reserves | 133 | €11,981 | €11,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,184 | €58,788 | +€9,604 | +19.5% |
| Amounts payable | 17/49 | €231,972 | €166,942 | -€65,031 | -28.0% |
| Amounts payable after more than one year | 17 | €38,899 | €29,065 | -€9,834 | -25.3% |
| Financial debts | 170/4 | €38,899 | €29,065 | -€9,834 | -25.3% |
| Amounts payable within one year | 42/48 | €193,073 | €137,877 | -€55,196 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €11,071 | €9,834 | -€1,237 | -11.2% |
| Financial debts | 43 | €11,582 | €5,466 | -€6,116 | -52.8% |
| Credit institutions | 430/8 | €11,582 | €5,466 | -€6,116 | -52.8% |
| Trade debts | 44 | €71,228 | €15,174 | -€56,054 | -78.7% |
| Suppliers | 440/4 | €71,228 | €15,174 | -€56,054 | -78.7% |
| Advances received on contracts in progress | 46 | €71,555 | €80,530 | +€8,975 | +12.5% |
| Taxes, remuneration and social security | 45 | €27,529 | €26,873 | -€656 | -2.4% |
| Taxes | 450/3 | €20,537 | €18,080 | -€2,457 | -12.0% |
| Remuneration and social security | 454/9 | €6,992 | €8,793 | +€1,800 | +25.7% |
| Other amounts payable | 47/48 | €109 | - | -€109 | |
| Remuneration, social security and pensions | 62 | €145,496 | €98,655 | -€46,840 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,669 | €12,981 | -€1,689 | -11.5% |
| Other operating charges | 640/8 | €3,127 | €2,886 | -€241 | -7.7% |
| Gross operating margin | 9900 | €174,358 | €124,116 | -€50,243 | -28.8% |
| Operating profit (loss) | 9901 | €11,066 | €9,593 | -€1,473 | -13.3% |
| Financial income | 75/76B | €10,015 | €10,439 | +€424 | +4.2% |
| Recurring financial income | 75 | €10,015 | €10,439 | +€424 | +4.2% |
| Financial charges | 65/66B | €3,920 | €5,409 | +€1,489 | +38.0% |
| Recurring financial charges | 65 | €3,920 | €5,409 | +€1,489 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €17,161 | €14,623 | -€2,538 | -14.8% |
| Income taxes | 67/77 | €5,034 | €5,019 | -€15 | -0.3% |
| Profit (loss) for the period | 9904 | €12,127 | €9,604 | -€2,523 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,127 | €9,604 | -€2,523 | -20.8% |
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 21 October 2026 via checked.be.