P-MEDIA-GROUP: what changed
What changed
P-MEDIA-GROUP
NACE 46.232, Wholesale trade
filed annual accounts (NBB)
Net result for the year
-€53,541
2024 · €10,253-€63,793
Equity
€156,777
2024 · €210,318-€53,541
Cash
€3,396
2024 · €1,357+€2,039
Balance sheet total
€527,780
2024 · €775,585-€247,805
Largest movements
Assets
- Stocks and contracts -€136,000
no longer reported in 2025 (was €136,000)
- Receivables within one year -€106,342
down €106,342 (-18.0%), from €592,074 to €485,732
of which Trade receivables: -€165,640
- Tangible fixed assets -€9,136
down €9,136 (-29.3%), from €31,136 to €22,000
Equity and liabilities
- Trade debts -€109,066
down €109,066 (-51.0%), from €214,027 to €104,961
- Profit (loss) carried forward -€53,541
down €53,541 (-121%), from -€44,303 to -€97,844
- Debts after one year -€28,237
no longer reported in 2025 (was €28,237)
- Advances received -€26,082
no longer reported in 2025 (was €26,082)
- Tax, wage and social debts -€19,148
down €19,148 (-41.4%), from €46,285 to €27,137
of which Remuneration and social security: -€18,904
Income statement
- Financial charges +€35,000
up €35,000 (+9,940%), from €352 to €35,352
- Gross operating margin +€34,417
up €34,417 (+25.5%), from €135,021 to €169,438
- Staff costs +€4,443
up €4,443 (+4.2%), from €106,032 to €110,475
- Financial income -€2,634
down €2,634 (-95.4%), from €2,761 to €127
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.
Result 2024
€10,253
Gross operating margin
+€34,417
Staff costs
-€4,443
Depreciation
+€1,383
Other operating charges
+€346
Other operating items
-€57,861
Financial income
-€2,634
Financial charges
-€35,000
Taxes
-€1
Result 2025
-€53,541
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€45,979
Investment
-€2,386
Financing
-€41,554
Cash 2024
€1,357
From operations (derived)
+€45,979
Net result for the year
-€53,541
Depreciation
+€11,522
Stocks and contracts
+€136,000
Receivables within one year
+€106,342
Deferred charges and accrued income
-€1,633
Trade debts
-€109,066
Tax, wage and social debts
-€19,148
Advances received
-€26,082
Other debts
+€1,586
Investment (derived)
-€2,386
Investment in fixed assets (net)
-€2,386
Financing
-€41,554
Debts after one year
-€28,237
Current portion of long-term debt
-€13,317
Cash 2025
€3,396
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €775,585 | €527,780 | -€247,805 | -32.0% |
| Fixed assets | 21/28 | €44,559 | €35,423 | -€9,136 | -20.5% |
| Tangible fixed assets | 22/27 | €31,136 | €22,000 | -€9,136 | -29.3% |
| Land and buildings | 22 | €8,794 | €6,482 | -€2,312 | -26.3% |
| Plant, machinery and equipment | 23 | €14,834 | €10,725 | -€4,109 | -27.7% |
| Furniture and vehicles | 24 | €7,508 | €4,793 | -€2,715 | -36.2% |
| Financial fixed assets | 28 | €13,423 | €13,423 | = | 0.0% |
| Current assets | 29/58 | €731,026 | €492,357 | -€238,669 | -32.6% |
| Stocks and contracts in progress | 3 | €136,000 | - | -€136,000 | |
| Stocks | 30/36 | €136,000 | - | -€136,000 | |
| Amounts receivable within one year | 40/41 | €592,074 | €485,732 | -€106,342 | -18.0% |
| Trade receivables | 40 | €263,036 | €97,396 | -€165,640 | -63.0% |
| Other amounts receivable | 41 | €329,038 | €388,336 | +€59,298 | +18.0% |
| Cash at bank and in hand | 54/58 | €1,357 | €3,396 | +€2,039 | +150% |
| Deferred charges and accrued income | 490/1 | €1,596 | €3,229 | +€1,633 | +102% |
| Total equity and liabilities | 10/49 | €775,585 | €527,780 | -€247,805 | -32.0% |
| Equity | 10/15 | €210,318 | €156,777 | -€53,541 | -25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,021 | €236,021 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €234,161 | €234,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,303 | -€97,844 | -€53,541 | -121% |
| Amounts payable | 17/49 | €565,267 | €371,003 | -€194,264 | -34.4% |
| Amounts payable after more than one year | 17 | €28,237 | - | -€28,237 | |
| Financial debts | 170/4 | €28,237 | - | -€28,237 | |
| Amounts payable within one year | 42/48 | €537,031 | €371,003 | -€166,028 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €42,139 | €28,821 | -€13,317 | -31.6% |
| Trade debts | 44 | €214,027 | €104,961 | -€109,066 | -51.0% |
| Suppliers | 440/4 | €214,027 | €104,961 | -€109,066 | -51.0% |
| Advances received on contracts in progress | 46 | €26,082 | - | -€26,082 | |
| Taxes, remuneration and social security | 45 | €46,285 | €27,137 | -€19,148 | -41.4% |
| Taxes | 450/3 | €3,548 | €3,303 | -€245 | -6.9% |
| Remuneration and social security | 454/9 | €42,738 | €23,834 | -€18,904 | -44.2% |
| Other amounts payable | 47/48 | €208,498 | €210,084 | +€1,586 | +0.8% |
| Non-recurring operating income | 76A | €27,500 | - | -€27,500 | |
| Remuneration, social security and pensions | 62 | €106,032 | €110,475 | +€4,443 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,904 | €11,522 | -€1,383 | -10.7% |
| Other operating charges | 640/8 | €8,009 | €7,663 | -€346 | -4.3% |
| Non-recurring operating charges | 66A | - | €57,861 | +€57,861 | |
| Gross operating margin | 9900 | €135,021 | €169,438 | +€34,417 | +25.5% |
| Operating profit (loss) | 9901 | €8,075 | -€18,083 | -€26,158 | |
| Financial income | 75/76B | €2,761 | €127 | -€2,634 | -95.4% |
| Recurring financial income | 75 | €2,761 | €127 | -€2,634 | -95.4% |
| Financial charges | 65/66B | €352 | €35,352 | +€35,000 | +9,940% |
| Recurring financial charges | 65 | €352 | €35,352 | +€35,000 | +9,940% |
| Profit (loss) for the period before taxes | 9903 | €10,485 | -€53,308 | -€63,793 | |
| Income taxes | 67/77 | €232 | €233 | +€1 | +0.3% |
| Profit (loss) for the period | 9904 | €10,253 | -€53,541 | -€63,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,253 | -€53,541 | -€63,793 |
Next steps
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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 7 November 2026 via checked.be.