NALEM15-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.
NALEM15-MEDIA
Largest movements
- Cash +€5,702
up €5,702 (+209%), from €2,731 to €8,433
mainly Tax, wage and social debts (+€6,936) and Depreciation (+€5,301)
- Intangible fixed assets -€5,000
down €5,000 (-11.5%), from €43,493 to €38,493
- Stocks and contracts +€2,000
new in 2025: €2,000
- Deferred charges and accrued income -€1,806
down €1,806 (-21.9%), from €8,231 to €6,425
- Receivables within one year +€1,089
up €1,089 (+36.7%), from €2,967 to €4,056
of which Trade receivables: +€3,056
- Tax, wage and social debts +€6,936
up €6,936 (+131%), from €5,286 to €12,222
- Other debts -€4,694
down €4,694 (-89.0%), from €5,271 to €577
- Debts after one year -€3,979
down €3,979 (-9.4%), from €42,224 to €38,245
- Trade debts +€1,779
up €1,779 (+826%), from €215 to €1,995
- Profit (loss) carried forward +€1,308
up €1,308, from -€792 to €516
- Other operating charges -€1,431
down €1,431 (-45.2%), from €3,166 to €1,735
- Gross operating margin -€693
down €693 (-3.9%), from €17,565 to €16,872
- Financial charges -€664
down €664 (-10.6%), from €6,291 to €5,627
- Taxes +€309
up €309 (+11.9%), from €2,591 to €2,900
- Depreciation +€224
up €224 (+4.4%), from €5,076 to €5,301
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 | €58,850 | €60,534 | +€1,684 | +2.9% |
| Fixed assets | 21/28 | €44,920 | €39,620 | -€5,301 | -11.8% |
| Intangible fixed assets | 21 | €43,493 | €38,493 | -€5,000 | -11.5% |
| Tangible fixed assets | 22/27 | €1,427 | €1,127 | -€301 | -21.1% |
| Plant, machinery and equipment | 23 | €1,427 | €1,127 | -€301 | -21.1% |
| Current assets | 29/58 | €13,930 | €20,914 | +€6,984 | +50.1% |
| Stocks and contracts in progress | 3 | - | €2,000 | +€2,000 | |
| Stocks | 30/36 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €2,967 | €4,056 | +€1,089 | +36.7% |
| Trade receivables | 40 | €1,000 | €4,056 | +€3,056 | +306% |
| Other amounts receivable | 41 | €1,967 | €0 | -€1,967 | -100% |
| Cash at bank and in hand | 54/58 | €2,731 | €8,433 | +€5,702 | +209% |
| Deferred charges and accrued income | 490/1 | €8,231 | €6,425 | -€1,806 | -21.9% |
| Total equity and liabilities | 10/49 | €58,850 | €60,534 | +€1,684 | +2.9% |
| Equity | 10/15 | €2,208 | €3,516 | +€1,308 | +59.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€792 | €516 | +€1,308 | |
| Amounts payable | 17/49 | €56,643 | €57,018 | +€375 | +0.7% |
| Amounts payable after more than one year | 17 | €42,224 | €38,245 | -€3,979 | -9.4% |
| Financial debts | 170/4 | €42,224 | €38,245 | -€3,979 | -9.4% |
| Amounts payable within one year | 42/48 | €14,418 | €18,773 | +€4,354 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €3,645 | €3,979 | +€334 | +9.1% |
| Trade debts | 44 | €215 | €1,995 | +€1,779 | +826% |
| Suppliers | 440/4 | €215 | €1,995 | +€1,779 | +826% |
| Taxes, remuneration and social security | 45 | €5,286 | €12,222 | +€6,936 | +131% |
| Taxes | 450/3 | €5,286 | €12,222 | +€6,936 | +131% |
| Other amounts payable | 47/48 | €5,271 | €577 | -€4,694 | -89.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,076 | €5,301 | +€224 | +4.4% |
| Other operating charges | 640/8 | €3,166 | €1,735 | -€1,431 | -45.2% |
| Gross operating margin | 9900 | €17,565 | €16,872 | -€693 | -3.9% |
| Operating profit (loss) | 9901 | €9,322 | €9,836 | +€514 | +5.5% |
| Financial charges | 65/66B | €6,291 | €5,627 | -€664 | -10.6% |
| Recurring financial charges | 65 | €6,291 | €5,627 | -€664 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €3,031 | €4,208 | +€1,177 | +38.8% |
| Income taxes | 67/77 | €2,591 | €2,900 | +€309 | +11.9% |
| Profit (loss) for the period | 9904 | €440 | €1,308 | +€868 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €440 | €1,308 | +€868 | +197% |
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 30 October 2026 via checked.be.