MERLIN MEDIA: 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.
MERLIN MEDIA
Largest movements
- Deferred charges and accrued income +€18,682
up €18,682 (+5,110%), from €366 to €19,047
- Receivables within one year +€8,121
up €8,121 (+10.5%), from €77,281 to €85,403
of which Other amounts receivable: +€19,205
- Profit (loss) carried forward +€20,293
up €20,293 (+81.6%), from €24,871 to €45,164
- Trade debts +€3,712
up €3,712 (+262%), from €1,415 to €5,127
- Tax, wage and social debts +€2,687
up €2,687 (+13.2%), from €20,295 to €22,982
- Gross operating margin -€7,661
down €7,661 (-22.8%), from €33,548 to €25,887
- Taxes -€2,065
down €2,065 (-20.3%), from €10,164 to €8,099
- Financial income +€761
up €761 (+27.1%), from €2,806 to €3,567
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 | €88,520 | €116,116 | +€27,597 | +31.2% |
| Current assets | 29/58 | €88,520 | €116,116 | +€27,597 | +31.2% |
| Amounts receivable within one year | 40/41 | €77,281 | €85,403 | +€8,121 | +10.5% |
| Trade receivables | 40 | €20,536 | €9,452 | -€11,084 | -54.0% |
| Other amounts receivable | 41 | €56,745 | €75,950 | +€19,205 | +33.8% |
| Cash at bank and in hand | 54/58 | €10,873 | €11,667 | +€794 | +7.3% |
| Deferred charges and accrued income | 490/1 | €366 | €19,047 | +€18,682 | +5,110% |
| Total equity and liabilities | 10/49 | €88,520 | €116,116 | +€27,597 | +31.2% |
| Equity | 10/15 | €66,423 | €86,716 | +€20,293 | +30.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €39,552 | €39,552 | = | 0.0% |
| Distributable reserves | 133 | €39,552 | €39,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,871 | €45,164 | +€20,293 | +81.6% |
| Amounts payable | 17/49 | €22,097 | €29,401 | +€7,304 | +33.1% |
| Amounts payable within one year | 42/48 | €21,710 | €28,109 | +€6,399 | +29.5% |
| Trade debts | 44 | €1,415 | €5,127 | +€3,712 | +262% |
| Suppliers | 440/4 | €1,415 | €5,127 | +€3,712 | +262% |
| Taxes, remuneration and social security | 45 | €20,295 | €22,982 | +€2,687 | +13.2% |
| Taxes | 450/3 | €20,295 | €22,982 | +€2,687 | +13.2% |
| Accrued charges and deferred income | 492/3 | €387 | €1,292 | +€904 | +233% |
| Other operating charges | 640/8 | €1,071 | €868 | -€203 | -18.9% |
| Gross operating margin | 9900 | €33,548 | €25,887 | -€7,661 | -22.8% |
| Operating profit (loss) | 9901 | €32,477 | €25,019 | -€7,458 | -23.0% |
| Financial income | 75/76B | €2,806 | €3,567 | +€761 | +27.1% |
| Recurring financial income | 75 | €2,806 | €3,567 | +€761 | +27.1% |
| Financial charges | 65/66B | €247 | €194 | -€54 | -21.7% |
| Recurring financial charges | 65 | €247 | €194 | -€54 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €35,035 | €28,392 | -€6,643 | -19.0% |
| Income taxes | 67/77 | €10,164 | €8,099 | -€2,065 | -20.3% |
| Profit (loss) for the period | 9904 | €24,871 | €20,293 | -€4,578 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,871 | €20,293 | -€4,578 | -18.4% |
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 23 October 2026 via checked.be.