PROPAGANDA Tv: 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.
PROPAGANDA Tv
Largest movements
- Receivables within one year +€59,595
up €59,595 (+82.0%), from €72,710 to €132,305
of which Trade receivables: +€59,392
- Cash +€10,055
up €10,055 (+252%), from €3,988 to €14,043
mainly Trade debts (+€64,608) and Tax, wage and social debts (+€6,352)
- Tangible fixed assets -€2,669
down €2,669 (-61.8%), from €4,318 to €1,649
- Trade debts +€64,608
up €64,608 (+92.8%), from €69,648 to €134,256
- Tax, wage and social debts +€6,352
up €6,352 (+43.3%), from €14,659 to €21,011
- Current portion of long-term debt -€2,089
no longer reported in 2025 (was €2,089)
- Gross operating margin -€24,538
down €24,538 (-80.6%), from €30,437 to €5,899
- Financial charges -€11,061
down €11,061 (-96.3%), from €11,490 to €429
- Taxes -€5,625
down €5,625 (-73.8%), from €7,625 to €2,000
- Depreciation -€1,400
down €1,400 (-28.8%), from €4,862 to €3,462
- Other operating charges -€1,327
no longer reported in 2025 (was €1,327)
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 | €82,403 | €150,498 | +€68,095 | +82.6% |
| Fixed assets | 21/28 | €4,498 | €1,829 | -€2,669 | -59.3% |
| Tangible fixed assets | 22/27 | €4,318 | €1,649 | -€2,669 | -61.8% |
| Furniture and vehicles | 24 | €4,318 | €1,649 | -€2,669 | -61.8% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €77,905 | €148,669 | +€70,764 | +90.8% |
| Amounts receivable within one year | 40/41 | €72,710 | €132,305 | +€59,595 | +82.0% |
| Trade receivables | 40 | €72,710 | €132,102 | +€59,392 | +81.7% |
| Other amounts receivable | 41 | - | €203 | +€203 | |
| Cash at bank and in hand | 54/58 | €3,988 | €14,043 | +€10,055 | +252% |
| Deferred charges and accrued income | 490/1 | €1,207 | €2,321 | +€1,114 | +92.3% |
| Total equity and liabilities | 10/49 | €82,403 | €150,498 | +€68,095 | +82.6% |
| Equity | 10/15 | -€6,663 | -€6,655 | +€8 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €998 | €998 | = | 0.0% |
| Distributable reserves | 133 | €998 | €998 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,861 | -€13,853 | +€8 | +0.1% |
| Amounts payable | 17/49 | €89,066 | €157,153 | +€68,087 | +76.4% |
| Amounts payable within one year | 42/48 | €89,066 | €157,153 | +€68,087 | +76.4% |
| Current portion of amounts payable after more than one year | 42 | €2,089 | - | -€2,089 | |
| Financial debts | 43 | - | €86 | +€86 | |
| Credit institutions | 430/8 | - | €86 | +€86 | |
| Trade debts | 44 | €69,648 | €134,256 | +€64,608 | +92.8% |
| Suppliers | 440/4 | €69,648 | €134,256 | +€64,608 | +92.8% |
| Taxes, remuneration and social security | 45 | €14,659 | €21,011 | +€6,352 | +43.3% |
| Taxes | 450/3 | €14,659 | €21,011 | +€6,352 | +43.3% |
| Other amounts payable | 47/48 | €2,670 | €1,800 | -€870 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,862 | €3,462 | -€1,400 | -28.8% |
| Other operating charges | 640/8 | €1,327 | - | -€1,327 | |
| Gross operating margin | 9900 | €30,437 | €5,899 | -€24,538 | -80.6% |
| Operating profit (loss) | 9901 | €24,248 | €2,437 | -€21,811 | -89.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €11,490 | €429 | -€11,061 | -96.3% |
| Recurring financial charges | 65 | €11,490 | €429 | -€11,061 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €12,759 | €2,008 | -€10,751 | -84.3% |
| Income taxes | 67/77 | €7,625 | €2,000 | -€5,625 | -73.8% |
| Profit (loss) for the period | 9904 | €5,134 | €8 | -€5,126 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,134 | €8 | -€5,126 | -99.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.