T-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.
T-MEDIA
Largest movements
- Cash +€736,233
up €736,233 (+88.9%), from €828,357 to €1.6m
mainly Trade debts (+€433,921) and Receivables within one year (+€197,319)
- Receivables within one year -€197,319
down €197,319 (-32.4%), from €608,503 to €411,184
of which Trade receivables: -€101,512
- Trade debts +€433,921
up €433,921 (+45.1%), from €961,937 to €1.4m
- Reserves +€204,128
up €204,128 (+576%), from €35,466 to €239,594
of which Distributable reserves: +€204,128
- Profit (loss) carried forward -€116,298
down €116,298 (-100%), from €116,298 to €0
- Gross operating margin +€63,249
up €63,249 (+10.9%), from €582,191 to €645,441
- Staff costs -€48,134
down €48,134 (-9.4%), from €513,029 to €464,894
- Taxes +€18,666
up €18,666 (+78.4%), from €23,816 to €42,482
- Financial charges +€7,087
up €7,087 (+87.0%), from €8,147 to €15,234
- Depreciation -€6,609
down €6,609 (-27.2%), from €24,324 to €17,715
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 | €1,501,819 | €2,036,440 | +€534,621 | +35.6% |
| Fixed assets | 21/28 | €59,571 | €43,518 | -€16,053 | -26.9% |
| Tangible fixed assets | 22/27 | €59,571 | €43,518 | -€16,053 | -26.9% |
| Furniture and vehicles | 24 | €32,856 | €20,291 | -€12,565 | -38.2% |
| Other tangible fixed assets | 26 | €26,714 | €23,227 | -€3,488 | -13.1% |
| Current assets | 29/58 | €1,442,248 | €1,992,922 | +€550,673 | +38.2% |
| Amounts receivable within one year | 40/41 | €608,503 | €411,184 | -€197,319 | -32.4% |
| Trade receivables | 40 | €498,781 | €397,269 | -€101,512 | -20.4% |
| Other amounts receivable | 41 | €109,722 | €13,914 | -€95,807 | -87.3% |
| Cash at bank and in hand | 54/58 | €828,357 | €1,564,589 | +€736,233 | +88.9% |
| Deferred charges and accrued income | 490/1 | €5,389 | €17,149 | +€11,760 | +218% |
| Total equity and liabilities | 10/49 | €1,501,819 | €2,036,440 | +€534,621 | +35.6% |
| Equity | 10/15 | €251,764 | €339,594 | +€87,831 | +34.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €35,466 | €239,594 | +€204,128 | +576% |
| Non-distributable reserves | 130/1 | €466 | €466 | = | 0.0% |
| Reserves not available under the articles | 1311 | €466 | €466 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €239,128 | +€204,128 | +583% |
| Profit (loss) carried forward | 14 | €116,298 | €0 | -€116,298 | -100% |
| Amounts payable | 17/49 | €1,250,055 | €1,696,845 | +€446,790 | +35.7% |
| Amounts payable within one year | 42/48 | €1,045,739 | €1,479,395 | +€433,656 | +41.5% |
| Trade debts | 44 | €961,937 | €1,395,857 | +€433,921 | +45.1% |
| Suppliers | 440/4 | €961,937 | €1,395,857 | +€433,921 | +45.1% |
| Taxes, remuneration and social security | 45 | €75,085 | €83,538 | +€8,453 | +11.3% |
| Taxes | 450/3 | €23,531 | €41,013 | +€17,482 | +74.3% |
| Remuneration and social security | 454/9 | €51,554 | €42,525 | -€9,029 | -17.5% |
| Other amounts payable | 47/48 | €8,718 | €0 | -€8,718 | -100% |
| Accrued charges and deferred income | 492/3 | €204,316 | €217,450 | +€13,134 | +6.4% |
| Non-recurring operating income | 76A | €1,830 | €0 | -€1,830 | -100% |
| Remuneration, social security and pensions | 62 | €513,029 | €464,894 | -€48,134 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,324 | €17,715 | -€6,609 | -27.2% |
| Other operating charges | 640/8 | €1,762 | €1,597 | -€166 | -9.4% |
| Non-recurring operating charges | 66A | €1,865 | €22,644 | +€20,779 | +1,114% |
| Gross operating margin | 9900 | €582,191 | €645,441 | +€63,249 | +10.9% |
| Operating profit (loss) | 9901 | €41,212 | €138,591 | +€97,380 | +236% |
| Financial income | 75/76B | €12,509 | €6,956 | -€5,553 | -44.4% |
| Recurring financial income | 75 | €12,509 | €6,956 | -€5,553 | -44.4% |
| Financial charges | 65/66B | €8,147 | €15,234 | +€7,087 | +87.0% |
| Recurring financial charges | 65 | €8,147 | €15,234 | +€7,087 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €45,573 | €130,313 | +€84,740 | +186% |
| Income taxes | 67/77 | €23,816 | €42,482 | +€18,666 | +78.4% |
| Profit (loss) for the period | 9904 | €21,757 | €87,831 | +€66,074 | +304% |
| Profit (loss) for the period to be appropriated | 9905 | €21,757 | €87,831 | +€66,074 | +304% |
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 24 October 2026 via checked.be.