SF 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.
SF Media
Largest movements
- Cash -€29,848
down €29,848 (-51.5%), from €57,935 to €28,087
mainly Contributions, distributions and other (-€56,011) and Receivables within one year (-€9,905)
- Receivables within one year +€9,905
up €9,905 (+65.1%), from €15,221 to €25,126
- Tangible fixed assets -€903
down €903 (-42.4%), from €2,130 to €1,227
- Reserves -€15,779
down €15,779 (-28.2%), from €56,011 to €40,231
- Tax, wage and social debts -€5,938
down €5,938 (-46.9%), from €12,674 to €6,736
of which Taxes: -€5,938
- Gross operating margin +€17,899
up €17,899 (+49.8%), from €35,973 to €53,872
- Taxes +€3,902
up €3,902 (+51.1%), from €7,629 to €11,531
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 | €75,902 | €54,535 | -€21,367 | -28.2% |
| Fixed assets | 21/28 | €2,130 | €1,227 | -€903 | -42.4% |
| Tangible fixed assets | 22/27 | €2,130 | €1,227 | -€903 | -42.4% |
| Furniture and vehicles | 24 | €2,130 | €1,227 | -€903 | -42.4% |
| Current assets | 29/58 | €73,772 | €53,308 | -€20,464 | -27.7% |
| Amounts receivable within one year | 40/41 | €15,221 | €25,126 | +€9,905 | +65.1% |
| Trade receivables | 40 | €15,221 | €25,126 | +€9,905 | +65.1% |
| Cash at bank and in hand | 54/58 | €57,935 | €28,087 | -€29,848 | -51.5% |
| Deferred charges and accrued income | 490/1 | €617 | €95 | -€522 | -84.6% |
| Total equity and liabilities | 10/49 | €75,902 | €54,535 | -€21,367 | -28.2% |
| Equity | 10/15 | €59,011 | €43,231 | -€15,779 | -26.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €56,011 | €40,231 | -€15,779 | -28.2% |
| Distributable reserves | 133 | €56,011 | €40,231 | -€15,779 | -28.2% |
| Amounts payable | 17/49 | €16,891 | €11,304 | -€5,588 | -33.1% |
| Amounts payable within one year | 42/48 | €16,891 | €11,304 | -€5,588 | -33.1% |
| Trade debts | 44 | €439 | €789 | +€350 | +79.7% |
| Suppliers | 440/4 | €439 | €789 | +€350 | +79.7% |
| Taxes, remuneration and social security | 45 | €12,674 | €6,736 | -€5,938 | -46.9% |
| Taxes | 450/3 | €10,468 | €4,530 | -€5,938 | -56.7% |
| Remuneration and social security | 454/9 | €2,206 | €2,206 | = | 0.0% |
| Other amounts payable | 47/48 | €3,779 | €3,779 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €903 | +€324 | +55.8% |
| Other operating charges | 640/8 | €231 | €239 | +€8 | +3.3% |
| Non-recurring operating charges | 66A | €748 | - | -€748 | |
| Gross operating margin | 9900 | €35,973 | €53,872 | +€17,899 | +49.8% |
| Operating profit (loss) | 9901 | €34,414 | €52,730 | +€18,316 | +53.2% |
| Financial income | 75/76B | €0 | €25 | +€25 | +249,500% |
| Recurring financial income | 75 | €0 | €25 | +€25 | +249,500% |
| Financial charges | 65/66B | €1,227 | €992 | -€234 | -19.1% |
| Recurring financial charges | 65 | €1,227 | €992 | -€234 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €33,188 | €51,762 | +€18,575 | +56.0% |
| Income taxes | 67/77 | €7,629 | €11,531 | +€3,902 | +51.1% |
| Profit (loss) for the period | 9904 | €25,559 | €40,231 | +€14,673 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,559 | €40,231 | +€14,673 | +57.4% |
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 17 October 2026 via checked.be.