MEDIAWAVE: what changed
Two fiscal 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.
MEDIAWAVE
Largest movements
- Intangible fixed assets +€36,475
up €36,475 (+60.0%), from €60,840 to €97,315
- Receivables within one year -€16,761
down €16,761 (-38.0%), from €44,140 to €27,380
of which Trade receivables: -€16,267
- Cash +€8,435
up €8,435 (+16.6%), from €50,710 to €59,145
mainly Debts after one year (+€28,217) and Receivables within one year (+€16,761)
- Stocks and contracts +€7,074
up €7,074 (+48.5%), from €14,590 to €21,663
- Deferred charges and accrued income +€3,045
up €3,045 (+210.3%), from €1,448 to €4,494
- Debts after one year +€28,217
up €28,217 (+256.5%), from €11,000 to €39,217
- Trade debts -€10,201
down €10,201 (-14.4%), from €70,638 to €60,436
- Current portion of long-term debt +€7,489
up €7,489 (+58.6%), from €12,785 to €20,273
- Profit (loss) carried forward +€5,896
up €5,896, from -€5,896 to €0
- Reserves +€5,868
up €5,868 (+315.5%), from €1,860 to €7,728
- Gross operating margin -€14,012
down €14,012 (-49.5%), from €28,322 to €14,310
- Financial charges -€490
down €490 (-19.0%), from €2,575 to €2,085
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 | €171,728 | €209,996 | +€38,268 | +22.3% |
| Fixed assets | 21/28 | €60,840 | €97,315 | +€36,475 | +60.0% |
| Intangible fixed assets | 21 | €60,840 | €97,315 | +€36,475 | +60.0% |
| Current assets | 29/58 | €110,888 | €112,682 | +€1,793 | +1.6% |
| Stocks and contracts in progress | 3 | €14,590 | €21,663 | +€7,074 | +48.5% |
| Stocks | 30/36 | €14,590 | €21,663 | +€7,074 | +48.5% |
| Amounts receivable within one year | 40/41 | €44,140 | €27,380 | -€16,761 | -38.0% |
| Trade receivables | 40 | €42,387 | €26,120 | -€16,267 | -38.4% |
| Other amounts receivable | 41 | €1,753 | €1,259 | -€494 | -28.2% |
| Cash at bank and in hand | 54/58 | €50,710 | €59,145 | +€8,435 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,448 | €4,494 | +€3,045 | +210.3% |
| Total equity and liabilities | 10/49 | €171,728 | €209,996 | +€38,268 | +22.3% |
| Equity | 10/15 | €74,564 | €86,328 | +€11,764 | +15.8% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €7,728 | +€5,868 | +315.5% |
| Distributable reserves | 133 | €1,860 | €7,728 | +€5,868 | +315.5% |
| Profit (loss) carried forward | 14 | -€5,896 | €0 | +€5,896 | |
| Amounts payable | 17/49 | €97,164 | €123,668 | +€26,504 | +27.3% |
| Amounts payable after more than one year | 17 | €11,000 | €39,217 | +€28,217 | +256.5% |
| Financial debts | 170/4 | €11,000 | €39,217 | +€28,217 | +256.5% |
| Amounts payable within one year | 42/48 | €86,164 | €84,450 | -€1,713 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €12,785 | €20,273 | +€7,489 | +58.6% |
| Financial debts | 43 | €109 | €334 | +€226 | +207.4% |
| Credit institutions | 430/8 | €109 | €334 | +€226 | +207.4% |
| Trade debts | 44 | €70,638 | €60,436 | -€10,201 | -14.4% |
| Suppliers | 440/4 | €70,638 | €60,436 | -€10,201 | -14.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,633 | €3,406 | +€773 | +29.4% |
| Non-recurring operating income | 76A | €48,672 | €0 | -€48,672 | -100.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €28,322 | €14,310 | -€14,012 | -49.5% |
| Operating profit (loss) | 9901 | €27,873 | €13,849 | -€14,024 | -50.3% |
| Financial income | 75/76B | €0 | €1 | +€0 | +4900.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +4900.0% |
| Financial charges | 65/66B | €2,575 | €2,085 | -€490 | -19.0% |
| Recurring financial charges | 65 | €2,575 | €2,085 | -€490 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €25,298 | €11,764 | -€13,534 | -53.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €25,298 | €11,764 | -€13,534 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,298 | €11,764 | -€13,534 | -53.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.