MEDIAMORPHOSE: 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.
MEDIAMORPHOSE
Largest movements
- Current investments +€998,171
new in 2025: €998,171
- Cash -€591,729
down €591,729 (-55.9%), from €1.1m to €467,353
mainly Current investments (-€998,171) and Contributions, distributions and other (-€666,200)
- Receivables after one year -€500,000
down €500,000 (-57.5%), from €870,000 to €370,000
- Deferred charges and accrued income -€23,438
down €23,438 (-37.7%), from €62,157 to €38,718
- Receivables within one year -€21,405
down €21,405 (-32.3%), from €66,236 to €44,831
- Reserves -€65,174
down €65,174 (-4.2%), from €1.6m to €1.5m
- Other debts -€46,526
down €46,526 (-21.7%), from €214,170 to €167,645
- Trade debts -€36,099
down €36,099 (-34.2%), from €105,621 to €69,522
of which Bills of exchange payable: -€23,940
- Tax, wage and social debts +€26,717
up €26,717 (+30.0%), from €88,985 to €115,702
- Gross operating margin +€154,295
up €154,295 (+30.9%), from €500,016 to €654,311
- Taxes +€19,522
up €19,522 (+19.5%), from €100,168 to €119,690
- Financial income -€13,236
down €13,236 (-15.0%), from €88,459 to €75,223
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 | €2,063,752 | €1,928,803 | -€134,950 | -6.5% |
| Fixed assets | 21/28 | €6,278 | €9,730 | +€3,452 | +55.0% |
| Tangible fixed assets | 22/27 | €6,078 | €9,530 | +€3,452 | +56.8% |
| Furniture and vehicles | 24 | €6,078 | €9,530 | +€3,452 | +56.8% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €2,057,474 | €1,919,073 | -€138,402 | -6.7% |
| Amounts receivable after more than one year | 29 | €870,000 | €370,000 | -€500,000 | -57.5% |
| Other amounts receivable | 291 | €870,000 | €370,000 | -€500,000 | -57.5% |
| Amounts receivable within one year | 40/41 | €66,236 | €44,831 | -€21,405 | -32.3% |
| Trade receivables | 40 | €66,236 | €44,831 | -€21,405 | -32.3% |
| Current investments | 50/53 | - | €998,171 | +€998,171 | |
| Cash at bank and in hand | 54/58 | €1,059,082 | €467,353 | -€591,729 | -55.9% |
| Deferred charges and accrued income | 490/1 | €62,157 | €38,718 | -€23,438 | -37.7% |
| Total equity and liabilities | 10/49 | €2,063,752 | €1,928,803 | -€134,950 | -6.5% |
| Equity | 10/15 | €1,641,107 | €1,575,933 | -€65,174 | -4.0% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €1,561,500 | €1,496,326 | -€65,174 | -4.2% |
| Distributable reserves | 133 | €1,561,500 | €1,496,326 | -€65,174 | -4.2% |
| Profit (loss) carried forward | 14 | €42,607 | €42,607 | = | 0.0% |
| Amounts payable | 17/49 | €422,645 | €352,869 | -€69,776 | -16.5% |
| Amounts payable within one year | 42/48 | €408,777 | €352,869 | -€55,907 | -13.7% |
| Trade debts | 44 | €105,621 | €69,522 | -€36,099 | -34.2% |
| Suppliers | 440/4 | €43,559 | €31,400 | -€12,159 | -27.9% |
| Bills of exchange payable | 441 | €62,062 | €38,122 | -€23,940 | -38.6% |
| Taxes, remuneration and social security | 45 | €88,985 | €115,702 | +€26,717 | +30.0% |
| Taxes | 450/3 | €88,985 | €115,702 | +€26,717 | +30.0% |
| Other amounts payable | 47/48 | €214,170 | €167,645 | -€46,526 | -21.7% |
| Accrued charges and deferred income | 492/3 | €13,869 | - | -€13,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,329 | €5,763 | +€434 | +8.1% |
| Other operating charges | 640/8 | €884 | €991 | +€107 | +12.1% |
| Gross operating margin | 9900 | €500,016 | €654,311 | +€154,295 | +30.9% |
| Operating profit (loss) | 9901 | €493,804 | €647,558 | +€153,754 | +31.1% |
| Financial income | 75/76B | €88,459 | €75,223 | -€13,236 | -15.0% |
| Recurring financial income | 75 | €88,459 | €75,223 | -€13,236 | -15.0% |
| Financial charges | 65/66B | €246 | €2,064 | +€1,818 | +738% |
| Recurring financial charges | 65 | €246 | €2,064 | +€1,818 | +738% |
| Profit (loss) for the period before taxes | 9903 | €582,017 | €720,717 | +€138,700 | +23.8% |
| Income taxes | 67/77 | €100,168 | €119,690 | +€19,522 | +19.5% |
| Profit (loss) for the period | 9904 | €481,848 | €601,026 | +€119,178 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €481,848 | €601,026 | +€119,178 | +24.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.