ND-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.
ND-MEDIA
Largest movements
- Receivables after one year -€105,000
down €105,000 (-100%), from €105,000 to €0
- Receivables within one year +€6,885
up €6,885 (+4.4%), from €156,495 to €163,381
of which Other amounts receivable: +€9,657
- Cash +€3,622
up €3,622 (+790%), from €459 to €4,081
mainly Receivables after one year (+€105,000) and Debts after one year (+€20,386)
- Tangible fixed assets +€2,795
up €2,795 (+104%), from €2,691 to €5,485
of which Other tangible fixed assets: +€2,337
- Reserves -€99,191
down €99,191 (-51.4%), from €193,127 to €93,936
of which Distributable reserves: -€99,191
- Debts after one year +€20,386
up €20,386 (+292%), from €6,987 to €27,372
- Trade debts -€18,238
down €18,238 (-75.9%), from €24,030 to €5,793
- Tax, wage and social debts +€3,518
up €3,518 (+12.4%), from €28,385 to €31,903
of which Taxes: +€10,271
- Financial charges +€5,338
up €5,338 (+206%), from €2,589 to €7,927
- Staff costs -€3,508
down €3,508 (-17.5%), from €20,088 to €16,579
- Gross operating margin -€2,318
down €2,318 (-5.5%), from €42,399 to €40,081
- Taxes -€1,945
down €1,945 (-22.9%), from €8,475 to €6,530
- Financial income -€1,788
down €1,788 (-18.6%), from €9,637 to €7,849
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 | €273,060 | €181,477 | -€91,583 | -33.5% |
| Fixed assets | 21/28 | €2,771 | €5,565 | +€2,795 | +101% |
| Tangible fixed assets | 22/27 | €2,691 | €5,485 | +€2,795 | +104% |
| Furniture and vehicles | 24 | €2,691 | €3,149 | +€458 | +17.0% |
| Other tangible fixed assets | 26 | - | €2,337 | +€2,337 | |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €270,289 | €175,912 | -€94,377 | -34.9% |
| Amounts receivable after more than one year | 29 | €105,000 | €0 | -€105,000 | -100% |
| Trade receivables | 290 | €105,000 | €0 | -€105,000 | -100% |
| Amounts receivable within one year | 40/41 | €156,495 | €163,381 | +€6,885 | +4.4% |
| Trade receivables | 40 | €28,768 | €25,996 | -€2,772 | -9.6% |
| Other amounts receivable | 41 | €127,727 | €137,384 | +€9,657 | +7.6% |
| Cash at bank and in hand | 54/58 | €459 | €4,081 | +€3,622 | +790% |
| Deferred charges and accrued income | 490/1 | €8,335 | €8,450 | +€115 | +1.4% |
| Total equity and liabilities | 10/49 | €273,060 | €181,477 | -€91,583 | -33.5% |
| Equity | 10/15 | €199,327 | €100,136 | -€99,191 | -49.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,127 | €93,936 | -€99,191 | -51.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €193,127 | €93,936 | -€99,191 | -51.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €73,733 | €81,341 | +€7,608 | +10.3% |
| Amounts payable after more than one year | 17 | €6,987 | €27,372 | +€20,386 | +292% |
| Financial debts | 170/4 | €6,987 | €27,372 | +€20,386 | +292% |
| Amounts payable within one year | 42/48 | €66,746 | €53,969 | -€12,777 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €7,954 | €9,071 | +€1,117 | +14.0% |
| Financial debts | 43 | €6,377 | €7,202 | +€825 | +12.9% |
| Credit institutions | 430/8 | €6,377 | €7,202 | +€825 | +12.9% |
| Trade debts | 44 | €24,030 | €5,793 | -€18,238 | -75.9% |
| Suppliers | 440/4 | €24,030 | €5,793 | -€18,238 | -75.9% |
| Taxes, remuneration and social security | 45 | €28,385 | €31,903 | +€3,518 | +12.4% |
| Taxes | 450/3 | €21,632 | €31,903 | +€10,271 | +47.5% |
| Remuneration and social security | 454/9 | €6,753 | €0 | -€6,753 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €20,088 | €16,579 | -€3,508 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,538 | €1,339 | -€200 | -13.0% |
| Other operating charges | 640/8 | €1,827 | €3,129 | +€1,301 | +71.2% |
| Non-recurring operating charges | 66A | €70 | €618 | +€548 | +781% |
| Gross operating margin | 9900 | €42,399 | €40,081 | -€2,318 | -5.5% |
| Operating profit (loss) | 9901 | €18,875 | €18,416 | -€460 | -2.4% |
| Financial income | 75/76B | €9,637 | €7,849 | -€1,788 | -18.6% |
| Recurring financial income | 75 | €9,637 | €7,849 | -€1,788 | -18.6% |
| Financial charges | 65/66B | €2,589 | €7,927 | +€5,338 | +206% |
| Recurring financial charges | 65 | €2,589 | €7,927 | +€5,338 | +206% |
| Profit (loss) for the period before taxes | 9903 | €25,923 | €18,337 | -€7,586 | -29.3% |
| Income taxes | 67/77 | €8,475 | €6,530 | -€1,945 | -22.9% |
| Profit (loss) for the period | 9904 | €17,448 | €11,807 | -€5,641 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,448 | €11,807 | -€5,641 | -32.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.