MEDIA24: 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.
MEDIA24
Largest movements
- Cash -€999,611
down €999,611 (-78.3%), from €1.3m to €277,447
mainly Contributions, distributions and other (-€1.3m) and Current investments (-€901,669)
- Current investments +€901,669
up €901,669 (+457%), from €197,361 to €1.1m
- Stocks and contracts -€324,575
down €324,575 (-86.6%), from €374,969 to €50,394
- Receivables within one year -€158,187
down €158,187 (-48.4%), from €326,983 to €168,796
of which Trade receivables: -€223,253
- Reserves -€1.2m
down €1.2m (-65.0%), from €1.8m to €639,744
of which Distributable reserves: -€1.2m
- Other debts +€1.1m
up €1.1m (+178,026%), from €612 to €1.1m
- Accrued charges and deferred income -€649,154
down €649,154 (-65.2%), from €996,318 to €347,164
- Tax, wage and social debts +€223,302
up €223,302 (+1,127%), from €19,810 to €243,111
of which Taxes: +€227,500
- Advances received -€75,416
no longer reported in 2025 (was €75,416)
- Gross operating margin -€190,519
down €190,519 (-37.4%), from €509,555 to €319,036
- Taxes -€49,854
down €49,854 (-45.6%), from €109,371 to €59,517
- Staff costs -€10,782
down €10,782 (-11.6%), from €93,333 to €82,551
- Depreciation -€6,433
down €6,433 (-19.3%), from €33,253 to €26,820
- Other operating charges -€5,793
down €5,793 (-15.2%), from €38,074 to €32,280
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 | €2,987,985 | €2,379,769 | -€608,216 | -20.4% |
| Fixed assets | 21/28 | €810,921 | €784,101 | -€26,820 | -3.3% |
| Intangible fixed assets | 21 | €5,599 | €0 | -€5,599 | -100% |
| Tangible fixed assets | 22/27 | €805,322 | €784,101 | -€21,221 | -2.6% |
| Land and buildings | 22 | €803,840 | €783,375 | -€20,465 | -2.5% |
| Plant, machinery and equipment | 23 | €998 | €489 | -€509 | -51.0% |
| Furniture and vehicles | 24 | €484 | €237 | -€247 | -51.0% |
| Current assets | 29/58 | €2,177,063 | €1,595,668 | -€581,396 | -26.7% |
| Stocks and contracts in progress | 3 | €374,969 | €50,394 | -€324,575 | -86.6% |
| Contracts in progress | 37 | €374,969 | €50,394 | -€324,575 | -86.6% |
| Amounts receivable within one year | 40/41 | €326,983 | €168,796 | -€158,187 | -48.4% |
| Trade receivables | 40 | €242,709 | €19,456 | -€223,253 | -92.0% |
| Other amounts receivable | 41 | €84,274 | €149,341 | +€65,067 | +77.2% |
| Current investments | 50/53 | €197,361 | €1,099,030 | +€901,669 | +457% |
| Cash at bank and in hand | 54/58 | €1,277,058 | €277,447 | -€999,611 | -78.3% |
| Deferred charges and accrued income | 490/1 | €693 | - | -€693 | |
| Total equity and liabilities | 10/49 | €2,987,985 | €2,379,769 | -€608,216 | -20.4% |
| Equity | 10/15 | €1,831,932 | €645,944 | -€1.2m | -64.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,825,732 | €639,744 | -€1.2m | -65.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,823,872 | €637,884 | -€1.2m | -65.0% |
| Amounts payable | 17/49 | €1,156,053 | €1,733,825 | +€577,772 | +50.0% |
| Amounts payable within one year | 42/48 | €159,735 | €1,386,660 | +€1.2m | +768% |
| Trade debts | 44 | €63,898 | €54,148 | -€9,750 | -15.3% |
| Suppliers | 440/4 | €63,898 | €54,148 | -€9,750 | -15.3% |
| Advances received on contracts in progress | 46 | €75,416 | - | -€75,416 | |
| Taxes, remuneration and social security | 45 | €19,810 | €243,111 | +€223,302 | +1,127% |
| Taxes | 450/3 | €34 | €227,534 | +€227,500 | +661,528% |
| Remuneration and social security | 454/9 | €19,775 | €15,577 | -€4,198 | -21.2% |
| Other amounts payable | 47/48 | €612 | €1,089,401 | +€1.1m | +178,026% |
| Accrued charges and deferred income | 492/3 | €996,318 | €347,164 | -€649,154 | -65.2% |
| Remuneration, social security and pensions | 62 | €93,333 | €82,551 | -€10,782 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,253 | €26,820 | -€6,433 | -19.3% |
| Other operating charges | 640/8 | €38,074 | €32,280 | -€5,793 | -15.2% |
| Gross operating margin | 9900 | €509,555 | €319,036 | -€190,519 | -37.4% |
| Operating profit (loss) | 9901 | €344,896 | €177,385 | -€167,511 | -48.6% |
| Financial income | 75/76B | €5,342 | €9,932 | +€4,590 | +85.9% |
| Recurring financial income | 75 | €5,342 | €9,932 | +€4,590 | +85.9% |
| Financial charges | 65/66B | €846 | €526 | -€320 | -37.9% |
| Recurring financial charges | 65 | €846 | €526 | -€320 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €349,392 | €186,792 | -€162,601 | -46.5% |
| Income taxes | 67/77 | €109,371 | €59,517 | -€49,854 | -45.6% |
| Profit (loss) for the period | 9904 | €240,021 | €127,275 | -€112,746 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €240,021 | €127,275 | -€112,746 | -47.0% |
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.