MEDIAZAP: 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.
MEDIAZAP
Largest movements
- Tangible fixed assets -€12,377
down €12,377 (-15.5%), from €80,000 to €67,623
of which Leasing and similar rights: -€10,720
- Receivables within one year -€2,674
down €2,674 (-9.9%), from €26,946 to €24,272
of which Trade receivables: -€4,086
- Other debts +€19,940
up €19,940 (+602%), from €3,313 to €23,253
- Current portion of long-term debt -€10,330
down €10,330 (-52.3%), from €19,738 to €9,408
- Debts after one year -€7,855
no longer reported in 2025 (was €7,855)
- Tax, wage and social debts -€7,766
down €7,766 (-74.9%), from €10,368 to €2,603
- Trade debts -€6,684
down €6,684 (-63.9%), from €10,465 to €3,781
- Gross operating margin -€3,532
down €3,532 (-8.0%), from €44,337 to €40,805
- Financial charges -€930
down €930 (-31.7%), from €2,929 to €1,999
- Depreciation -€617
down €617 (-4.0%), from €15,364 to €14,746
- Taxes -€582
down €582 (-7.2%), from €8,118 to €7,537
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 | €233,306 | €218,562 | -€14,744 | -6.3% |
| Fixed assets | 21/28 | €80,000 | €67,623 | -€12,377 | -15.5% |
| Tangible fixed assets | 22/27 | €80,000 | €67,623 | -€12,377 | -15.5% |
| Plant, machinery and equipment | 23 | €11,026 | €8,199 | -€2,827 | -25.6% |
| Furniture and vehicles | 24 | €1,979 | €3,149 | +€1,170 | +59.1% |
| Leasing and similar rights | 25 | €66,994 | €56,274 | -€10,720 | -16.0% |
| Current assets | 29/58 | €153,307 | €150,939 | -€2,368 | -1.5% |
| Amounts receivable after more than one year | 29 | €45,750 | €45,750 | = | 0.0% |
| Other amounts receivable | 291 | €45,750 | €45,750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,946 | €24,272 | -€2,674 | -9.9% |
| Trade receivables | 40 | €26,944 | €22,858 | -€4,086 | -15.2% |
| Other amounts receivable | 41 | €3 | €1,414 | +€1,412 | +56,030% |
| Current investments | 50/53 | €36,200 | €36,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,782 | €37,874 | +€1,092 | +3.0% |
| Deferred charges and accrued income | 490/1 | €7,628 | €6,843 | -€785 | -10.3% |
| Total equity and liabilities | 10/49 | €233,306 | €218,562 | -€14,744 | -6.3% |
| Equity | 10/15 | €181,502 | €179,517 | -€1,985 | -1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €93,914 | €91,929 | -€1,985 | -2.1% |
| Non-distributable reserves | 130/1 | €36,200 | €36,200 | = | 0.0% |
| Own shares acquired | 1312 | €36,200 | €36,200 | = | 0.0% |
| Distributable reserves | 133 | €57,714 | €55,729 | -€1,985 | -3.4% |
| Profit (loss) carried forward | 14 | €81,388 | €81,388 | = | 0.0% |
| Amounts payable | 17/49 | €51,804 | €39,045 | -€12,760 | -24.6% |
| Amounts payable after more than one year | 17 | €7,855 | - | -€7,855 | |
| Financial debts | 170/4 | €7,855 | - | -€7,855 | |
| Amounts payable within one year | 42/48 | €43,950 | €39,045 | -€4,905 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €19,738 | €9,408 | -€10,330 | -52.3% |
| Financial debts | 43 | €66 | - | -€66 | |
| Credit institutions | 430/8 | €66 | - | -€66 | |
| Trade debts | 44 | €10,465 | €3,781 | -€6,684 | -63.9% |
| Suppliers | 440/4 | €10,465 | €3,781 | -€6,684 | -63.9% |
| Taxes, remuneration and social security | 45 | €10,368 | €2,603 | -€7,766 | -74.9% |
| Taxes | 450/3 | €10,368 | €2,603 | -€7,766 | -74.9% |
| Other amounts payable | 47/48 | €3,313 | €23,253 | +€19,940 | +602% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,364 | €14,746 | -€617 | -4.0% |
| Other operating charges | 640/8 | €1,922 | €2,062 | +€140 | +7.3% |
| Gross operating margin | 9900 | €44,337 | €40,805 | -€3,532 | -8.0% |
| Operating profit (loss) | 9901 | €27,051 | €23,997 | -€3,054 | -11.3% |
| Financial income | 75/76B | €1,157 | €1,157 | = | 0.0% |
| Recurring financial income | 75 | €1,157 | €1,157 | = | 0.0% |
| Financial charges | 65/66B | €2,929 | €1,999 | -€930 | -31.7% |
| Recurring financial charges | 65 | €2,929 | €1,999 | -€930 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €25,280 | €23,155 | -€2,125 | -8.4% |
| Income taxes | 67/77 | €8,118 | €7,537 | -€582 | -7.2% |
| Profit (loss) for the period | 9904 | €17,161 | €15,618 | -€1,543 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,161 | €15,618 | -€1,543 | -9.0% |
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 25 October 2026 via checked.be.