MediaSpecs: 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.
MediaSpecs
Largest movements
- Intangible fixed assets -€161,901
down €161,901 (-45.1%), from €358,602 to €196,701
- Receivables within one year +€45,228
up €45,228 (+29.1%), from €155,164 to €200,392
of which Trade receivables: +€43,599
- Deferred charges and accrued income +€10,350
up €10,350 (+190.9%), from €5,422 to €15,771
- Profit (loss) carried forward -€232,488
down €232,488 (-74.6%), from -€311,644 to -€544,132
- Current portion of long-term debt -€197,795
down €197,795 (-100.0%), from €197,795 to €0
- Trade debts +€175,276
up €175,276 (+620.7%), from €28,239 to €203,515
- Contributions +€125,000
up €125,000 (+672.0%), from €18,600 to €143,600
- Other debts +€75,548
up €75,548 (+43.5%), from €173,480 to €249,028
- Gross operating margin -€280,190
down €280,190 (-59.3%), from €472,165 to €191,974
- Staff costs -€90,228
down €90,228 (-27.3%), from €330,790 to €240,562
- Depreciation -€83,076
down €83,076 (-33.2%), from €249,938 to €166,862
- Other operating charges -€22,913
down €22,913 (-96.1%), from €23,840 to €928
- Write-downs +€7,635
new in 2025: €7,635
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 | €545,975 | €437,340 | -€108,635 | -19.9% |
| Fixed assets | 21/28 | €362,064 | €199,162 | -€162,902 | -45.0% |
| Intangible fixed assets | 21 | €358,602 | €196,701 | -€161,901 | -45.1% |
| Tangible fixed assets | 22/27 | €3,222 | €2,461 | -€761 | -23.6% |
| Land and buildings | 22 | €2,687 | €2,367 | -€321 | -11.9% |
| Plant, machinery and equipment | 23 | €534 | €94 | -€440 | -82.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €240 | €0 | -€240 | -100.0% |
| Current assets | 29/58 | €183,911 | €238,178 | +€54,267 | +29.5% |
| Amounts receivable within one year | 40/41 | €155,164 | €200,392 | +€45,228 | +29.1% |
| Trade receivables | 40 | €154,704 | €198,304 | +€43,599 | +28.2% |
| Other amounts receivable | 41 | €460 | €2,088 | +€1,628 | +354.0% |
| Cash at bank and in hand | 54/58 | €23,325 | €22,014 | -€1,310 | -5.6% |
| Deferred charges and accrued income | 490/1 | €5,422 | €15,771 | +€10,350 | +190.9% |
| Total equity and liabilities | 10/49 | €545,975 | €437,340 | -€108,635 | -19.9% |
| Equity | 10/15 | -€72,689 | -€180,177 | -€107,488 | -147.9% |
| Contributions | 10/11 | €18,600 | €143,600 | +€125,000 | +672.0% |
| Reserves | 13 | €220,355 | €220,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,799 | €1,799 | = | 0.0% |
| Distributable reserves | 133 | €218,557 | €218,557 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311,644 | -€544,132 | -€232,488 | -74.6% |
| Amounts payable | 17/49 | €618,664 | €617,517 | -€1,147 | -0.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €429,120 | €461,283 | +€32,163 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €197,795 | €0 | -€197,795 | -100.0% |
| Financial debts | 43 | €2,756 | €2,838 | +€82 | +3.0% |
| Other loans | 439 | €2,756 | €2,838 | +€82 | +3.0% |
| Trade debts | 44 | €28,239 | €203,515 | +€175,276 | +620.7% |
| Suppliers | 440/4 | €28,239 | €203,515 | +€175,276 | +620.7% |
| Taxes, remuneration and social security | 45 | €26,849 | €5,902 | -€20,947 | -78.0% |
| Taxes | 450/3 | €26,849 | €5,902 | -€20,947 | -78.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €173,480 | €249,028 | +€75,548 | +43.5% |
| Accrued charges and deferred income | 492/3 | €189,544 | €156,234 | -€33,310 | -17.6% |
| Non-recurring operating income | 76A | €886 | €1,536 | +€650 | +73.4% |
| Remuneration, social security and pensions | 62 | €330,790 | €240,562 | -€90,228 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249,938 | €166,862 | -€83,076 | -33.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,635 | +€7,635 | |
| Other operating charges | 640/8 | €23,840 | €928 | -€22,913 | -96.1% |
| Non-recurring operating charges | 66A | €1 | €0 | -€1 | -100.0% |
| Gross operating margin | 9900 | €472,165 | €191,974 | -€280,190 | -59.3% |
| Operating profit (loss) | 9901 | -€132,404 | -€224,012 | -€91,608 | -69.2% |
| Financial income | 75/76B | €140 | €698 | +€558 | +398.9% |
| Recurring financial income | 75 | €140 | €698 | +€558 | +398.9% |
| Financial charges | 65/66B | €16,669 | €9,175 | -€7,494 | -45.0% |
| Recurring financial charges | 65 | €16,669 | €9,175 | -€7,494 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | -€148,933 | -€232,488 | -€83,555 | -56.1% |
| Income taxes | 67/77 | €140 | €0 | -€140 | -100.0% |
| Profit (loss) for the period | 9904 | -€149,073 | -€232,488 | -€83,415 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€149,073 | -€232,488 | -€83,415 | -56.0% |
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 12 October 2026 via checked.be.