MEDIA WORLD: 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 WORLD
Largest movements
- Receivables within one year +€11,097
up €11,097 (+10.3%), from €107,868 to €118,966
of which Trade receivables: +€11,097
- Cash -€3,108
down €3,108 (-7.8%), from €39,833 to €36,725
mainly Trade debts (-€26,778) and Receivables within one year (-€11,097)
- Reserves +€27,840
up €27,840 (+21.3%), from €130,880 to €158,721
- Trade debts -€26,778
down €26,778 (-22.4%), from €119,616 to €92,838
- Tax, wage and social debts +€4,452
up €4,452 (+46.9%), from €9,484 to €13,936
of which Taxes: +€4,414
- Gross operating margin +€37,289
up €37,289 (+626%), from €5,953 to €43,242
- Taxes +€11,993
up €11,993 (+1,018%), from €1,178 to €13,171
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 | €281,395 | €286,652 | +€5,258 | +1.9% |
| Fixed assets | 21/28 | €9,857 | €9,070 | -€787 | -8.0% |
| Tangible fixed assets | 22/27 | €1,757 | €970 | -€787 | -44.8% |
| Plant, machinery and equipment | 23 | €1,757 | €970 | -€787 | -44.8% |
| Financial fixed assets | 28 | €8,100 | €8,100 | = | 0.0% |
| Current assets | 29/58 | €271,538 | €277,582 | +€6,044 | +2.2% |
| Stocks and contracts in progress | 3 | €121,108 | €118,752 | -€2,356 | -1.9% |
| Stocks | 30/36 | €121,108 | €118,752 | -€2,356 | -1.9% |
| Amounts receivable within one year | 40/41 | €107,868 | €118,966 | +€11,097 | +10.3% |
| Trade receivables | 40 | €99,046 | €110,144 | +€11,097 | +11.2% |
| Other amounts receivable | 41 | €8,822 | €8,822 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,833 | €36,725 | -€3,108 | -7.8% |
| Deferred charges and accrued income | 490/1 | €2,729 | €3,140 | +€411 | +15.0% |
| Total equity and liabilities | 10/49 | €281,395 | €286,652 | +€5,258 | +1.9% |
| Equity | 10/15 | €132,880 | €160,721 | +€27,840 | +21.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €130,880 | €158,721 | +€27,840 | +21.3% |
| Distributable reserves | 133 | €130,880 | €158,721 | +€27,840 | +21.3% |
| Amounts payable | 17/49 | €148,514 | €125,932 | -€22,583 | -15.2% |
| Amounts payable within one year | 42/48 | €148,514 | €125,932 | -€22,583 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €766 | €851 | +€85 | +11.0% |
| Trade debts | 44 | €119,616 | €92,838 | -€26,778 | -22.4% |
| Suppliers | 440/4 | €119,616 | €92,838 | -€26,778 | -22.4% |
| Taxes, remuneration and social security | 45 | €9,484 | €13,936 | +€4,452 | +46.9% |
| Taxes | 450/3 | €9,484 | €13,898 | +€4,414 | +46.5% |
| Remuneration and social security | 454/9 | - | €38 | +€38 | |
| Other amounts payable | 47/48 | €18,648 | €18,306 | -€342 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €787 | €787 | = | 0.0% |
| Other operating charges | 640/8 | €271 | €326 | +€55 | +20.4% |
| Gross operating margin | 9900 | €5,953 | €43,242 | +€37,289 | +626% |
| Operating profit (loss) | 9901 | €4,895 | €42,129 | +€37,234 | +761% |
| Financial income | 75/76B | €333 | €238 | -€94 | -28.4% |
| Recurring financial income | 75 | €333 | €238 | -€94 | -28.4% |
| Financial charges | 65/66B | €1,435 | €1,356 | -€79 | -5.5% |
| Recurring financial charges | 65 | €1,435 | €1,356 | -€79 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €3,793 | €41,011 | +€37,218 | +981% |
| Income taxes | 67/77 | €1,178 | €13,171 | +€11,993 | +1,018% |
| Profit (loss) for the period | 9904 | €2,615 | €27,840 | +€25,225 | +965% |
| Profit (loss) for the period to be appropriated | 9905 | €2,615 | €27,840 | +€25,225 | +965% |
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 19 October 2026 via checked.be.