MEDIAM: 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.
MEDIAM
Largest movements
- Cash +€220,018
up €220,018 (+84.9%), from €259,188 to €479,207
mainly Receivables within one year (+€122,118) and Trade debts (+€62,216)
- Receivables within one year -€122,118
down €122,118 (-37.9%), from €321,930 to €199,811
of which Trade receivables: -€61,887
- Tangible fixed assets -€11,391
down €11,391 (-22.9%), from €49,679 to €38,287
of which Land and buildings: -€10,903
- Trade debts +€62,216
up €62,216 (+35.1%), from €177,493 to €239,709
- Reserves +€33,868
up €33,868 (+8.4%), from €401,396 to €435,264
of which Distributable reserves: +€35,727
- Tax, wage and social debts -€14,195
down €14,195 (-87.9%), from €16,141 to €1,946
- Gross operating margin +€13,479
up €13,479 (+16.1%), from €83,675 to €97,153
- Staff costs +€3,384
up €3,384 (+270%), from €1,252 to €4,636
- Depreciation -€1,196
down €1,196 (-9.0%), from €13,322 to €12,126
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 | €632,807 | €720,734 | +€87,927 | +13.9% |
| Fixed assets | 21/28 | €50,838 | €39,447 | -€11,391 | -22.4% |
| Tangible fixed assets | 22/27 | €49,679 | €38,287 | -€11,391 | -22.9% |
| Land and buildings | 22 | €48,064 | €37,161 | -€10,903 | -22.7% |
| Plant, machinery and equipment | 23 | €1,614 | €1,126 | -€488 | -30.3% |
| Financial fixed assets | 28 | €1,160 | €1,160 | = | 0.0% |
| Current assets | 29/58 | €581,969 | €681,287 | +€99,318 | +17.1% |
| Stocks and contracts in progress | 3 | €850 | €840 | -€10 | -1.2% |
| Stocks | 30/36 | €850 | €840 | -€10 | -1.2% |
| Amounts receivable within one year | 40/41 | €321,930 | €199,811 | -€122,118 | -37.9% |
| Trade receivables | 40 | €160,413 | €98,526 | -€61,887 | -38.6% |
| Other amounts receivable | 41 | €161,517 | €101,285 | -€60,231 | -37.3% |
| Cash at bank and in hand | 54/58 | €259,188 | €479,207 | +€220,018 | +84.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,429 | +€1,429 | |
| Total equity and liabilities | 10/49 | €632,807 | €720,734 | +€87,927 | +13.9% |
| Equity | 10/15 | €419,988 | €453,856 | +€33,868 | +8.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €401,396 | €435,264 | +€33,868 | +8.4% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Tax-exempt reserves | 132 | €1,991 | €1,991 | = | 0.0% |
| Distributable reserves | 133 | €397,546 | €433,273 | +€35,727 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €212,819 | €266,878 | +€54,059 | +25.4% |
| Amounts payable within one year | 42/48 | €212,219 | €266,878 | +€54,659 | +25.8% |
| Trade debts | 44 | €177,493 | €239,709 | +€62,216 | +35.1% |
| Suppliers | 440/4 | €177,493 | €239,709 | +€62,216 | +35.1% |
| Taxes, remuneration and social security | 45 | €16,141 | €1,946 | -€14,195 | -87.9% |
| Taxes | 450/3 | €16,141 | €1,946 | -€14,195 | -87.9% |
| Other amounts payable | 47/48 | €18,586 | €25,224 | +€6,638 | +35.7% |
| Accrued charges and deferred income | 492/3 | €600 | €0 | -€600 | -100% |
| Remuneration, social security and pensions | 62 | €1,252 | €4,636 | +€3,384 | +270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,322 | €12,126 | -€1,196 | -9.0% |
| Other operating charges | 640/8 | €1,065 | €614 | -€452 | -42.4% |
| Gross operating margin | 9900 | €83,675 | €97,153 | +€13,479 | +16.1% |
| Operating profit (loss) | 9901 | €68,036 | €79,778 | +€11,742 | +17.3% |
| Financial income | 75/76B | €122 | €86 | -€37 | -30.0% |
| Recurring financial income | 75 | €122 | €86 | -€37 | -30.0% |
| Financial charges | 65/66B | €3,229 | €4,049 | +€820 | +25.4% |
| Recurring financial charges | 65 | €3,229 | €4,049 | +€820 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €64,929 | €75,814 | +€10,885 | +16.8% |
| Income taxes | 67/77 | €16,141 | €16,946 | +€805 | +5.0% |
| Profit (loss) for the period | 9904 | €48,788 | €58,868 | +€10,080 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,788 | €58,868 | +€10,080 | +20.7% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.