MEDIAREF: 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.
MEDIAREF
Largest movements
- Tangible fixed assets +€19,539
new in 2025: €19,539
- Current investments +€6,000
new in 2025: €6,000
- Receivables within one year +€1,305
up €1,305 (+27.1%), from €4,812 to €6,117
of which Other amounts receivable: +€1,051
- Current portion of long-term debt +€9,999
new in 2025: €9,999
- Profit (loss) carried forward +€7,926
up €7,926 (+221.3%), from €3,582 to €11,508
- Debts after one year +€5,128
new in 2025: €5,128
- Tax, wage and social debts +€4,673
up €4,673 (+284.1%), from €1,645 to €6,318
- Other debts -€686
no longer reported in 2025 (was €686)
- Gross operating margin +€10,497
up €10,497 (+164.3%), from €6,388 to €16,886
- Depreciation +€3,798
new in 2025: €3,798
- Taxes +€1,534
up €1,534 (+93.3%), from €1,645 to €3,179
- Financial charges +€608
up €608 (+4053.1%), from €15 to €623
- Other operating charges +€231
up €231 (+20.1%), from €1,147 to €1,377
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.
Cash bridge derived
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 | €8,413 | €35,452 | +€27,039 | +321.4% |
| Fixed assets | 21/28 | - | €19,539 | +€19,539 | |
| Tangible fixed assets | 22/27 | - | €19,539 | +€19,539 | |
| Furniture and vehicles | 24 | - | €19,539 | +€19,539 | |
| Current assets | 29/58 | €8,413 | €15,913 | +€7,500 | +89.2% |
| Amounts receivable within one year | 40/41 | €4,812 | €6,117 | +€1,305 | +27.1% |
| Trade receivables | 40 | €4,812 | €5,066 | +€254 | +5.3% |
| Other amounts receivable | 41 | - | €1,051 | +€1,051 | |
| Current investments | 50/53 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €3,601 | €3,714 | +€114 | +3.2% |
| Deferred charges and accrued income | 490/1 | - | €82 | +€82 | |
| Total equity and liabilities | 10/49 | €8,413 | €35,452 | +€27,039 | +321.4% |
| Equity | 10/15 | €6,082 | €14,008 | +€7,926 | +130.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,582 | €11,508 | +€7,926 | +221.3% |
| Amounts payable | 17/49 | €2,331 | €21,445 | +€19,114 | +820.0% |
| Amounts payable after more than one year | 17 | - | €5,128 | +€5,128 | |
| Financial debts | 170/4 | - | €5,128 | +€5,128 | |
| Amounts payable within one year | 42/48 | €2,331 | €16,317 | +€13,986 | +600.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,999 | +€9,999 | |
| Taxes, remuneration and social security | 45 | €1,645 | €6,318 | +€4,673 | +284.1% |
| Taxes | 450/3 | €1,645 | €6,318 | +€4,673 | +284.1% |
| Other amounts payable | 47/48 | €686 | - | -€686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,798 | +€3,798 | |
| Other operating charges | 640/8 | €1,147 | €1,377 | +€231 | +20.1% |
| Gross operating margin | 9900 | €6,388 | €16,886 | +€10,497 | +164.3% |
| Operating profit (loss) | 9901 | €5,242 | €11,711 | +€6,469 | +123.4% |
| Financial income | 75/76B | €0 | €17 | +€17 | +172400.0% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +172400.0% |
| Financial charges | 65/66B | €15 | €623 | +€608 | +4053.1% |
| Recurring financial charges | 65 | €15 | €623 | +€608 | +4053.1% |
| Profit (loss) for the period before taxes | 9903 | €5,227 | €11,105 | +€5,878 | +112.5% |
| Income taxes | 67/77 | €1,645 | €3,179 | +€1,534 | +93.3% |
| Profit (loss) for the period | 9904 | €3,582 | €7,926 | +€4,344 | +121.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,582 | €7,926 | +€4,344 | +121.3% |
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 9 October 2026 via checked.be.