MST MEDIA: what changed
MST MEDIA
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€43,244
up €43,244 (+198%), from €21,861 to €65,105
mainly Current investments (+€100,000) and Other debts (+€91,165)
- Receivables within one year -€13,083
down €13,083 (-13.2%), from €99,059 to €85,976
of which Other amounts receivable: -€11,040
- Reserves -€176,699
down €176,699 (-91.5%), from €193,200 to €16,501
- Other debts +€91,165
up €91,165 (+104,224%), from €87 to €91,252
- Trade debts +€22,858
up €22,858 (+765%), from €2,990 to €25,848
- Tax, wage and social debts -€8,247
down €8,247 (-100%), from €8,247 to €0
of which Remuneration and social security: -€5,488
- Gross operating margin -€220,708
down €220,708 (-77.4%), from €285,311 to €64,603
- Taxes -€46,783
down €46,783 (-80.9%), from €57,806 to €11,024
- Staff costs -€28,697
down €28,697 (-81.0%), from €35,421 to €6,725
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,230 | €152,201 | -€71,028 | -31.8% |
| Fixed assets | 21/28 | €2,101 | €1,121 | -€980 | -46.7% |
| Tangible fixed assets | 22/27 | €2,101 | €1,121 | -€980 | -46.7% |
| Plant, machinery and equipment | 23 | €890 | €441 | -€449 | -50.4% |
| Furniture and vehicles | 24 | €1,211 | €680 | -€531 | -43.9% |
| Current assets | 29/58 | €221,129 | €151,081 | -€70,048 | -31.7% |
| Amounts receivable within one year | 40/41 | €99,059 | €85,976 | -€13,083 | -13.2% |
| Trade receivables | 40 | €84,467 | €82,425 | -€2,042 | -2.4% |
| Other amounts receivable | 41 | €14,591 | €3,551 | -€11,040 | -75.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €21,861 | €65,105 | +€43,244 | +198% |
| Deferred charges and accrued income | 490/1 | €210 | €0 | -€210 | -100% |
| Total equity and liabilities | 10/49 | €223,230 | €152,201 | -€71,028 | -31.8% |
| Equity | 10/15 | €211,800 | €35,101 | -€176,699 | -83.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,200 | €16,501 | -€176,699 | -91.5% |
| Distributable reserves | 133 | €193,200 | €16,501 | -€176,699 | -91.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,429 | €117,100 | +€105,671 | +925% |
| Amounts payable within one year | 42/48 | €11,324 | €117,100 | +€105,776 | +934% |
| Trade debts | 44 | €2,990 | €25,848 | +€22,858 | +765% |
| Suppliers | 440/4 | €2,990 | €25,848 | +€22,858 | +765% |
| Taxes, remuneration and social security | 45 | €8,247 | €0 | -€8,247 | -100% |
| Taxes | 450/3 | €2,759 | €0 | -€2,759 | -100% |
| Remuneration and social security | 454/9 | €5,488 | €0 | -€5,488 | -100% |
| Other amounts payable | 47/48 | €87 | €91,252 | +€91,165 | +104,224% |
| Accrued charges and deferred income | 492/3 | €105 | €0 | -€105 | -100% |
| Remuneration, social security and pensions | 62 | €35,421 | €6,725 | -€28,697 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €980 | -€447 | -31.3% |
| Other operating charges | 640/8 | €1,503 | €1,160 | -€343 | -22.8% |
| Gross operating margin | 9900 | €285,311 | €64,603 | -€220,708 | -77.4% |
| Operating profit (loss) | 9901 | €246,959 | €55,738 | -€191,221 | -77.4% |
| Financial income | 75/76B | €2,965 | €585 | -€2,380 | -80.3% |
| Recurring financial income | 75 | €2,965 | €585 | -€2,380 | -80.3% |
| Financial charges | 65/66B | €447 | €1,998 | +€1,551 | +347% |
| Recurring financial charges | 65 | €447 | €1,998 | +€1,551 | +347% |
| Profit (loss) for the period before taxes | 9903 | €249,477 | €54,325 | -€195,152 | -78.2% |
| Income taxes | 67/77 | €57,806 | €11,024 | -€46,783 | -80.9% |
| Profit (loss) for the period | 9904 | €191,670 | €43,301 | -€148,369 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €191,670 | €43,301 | -€148,369 | -77.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.