The 12th Player: 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.
What changed
The 12th Player
NACE 60.200, Programming, broadcasting, news agency and other content distribution activities
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€962,691
2023 · -€1.3m+€2.2m
Equity
€1.8m
2023 · -€1.1m+€3.0m
Cash
€12.5m
2023 · €9.3m+€3.2m
Balance sheet total
€44.8m
2023 · €52.0m-€7.2m
Largest movements
Assets
- Receivables within one year -€11.6m
down €11.6m (-56.1%), from €20.6m to €9.0m
of which Trade receivables: -€13.9m
- Cash +€3.2m
up €3.2m (+34.8%), from €9.3m to €12.5m
mainly Receivables within one year (+€11.6m) and Contributions, distributions and other (+€2.0m)
- Deferred charges and accrued income +€1.3m
up €1.3m (+6.3%), from €21.4m to €22.7m
Equity and liabilities
- Accrued charges and deferred income -€10.6m
down €10.6m (-22.8%), from €46.7m to €36.1m
- Contributions +€2.0m
up €2.0m (+2,000%), from €100,000 to €2.1m
- Profit (loss) carried forward +€962,691
up €962,691 (+78.3%), from -€1.2m to -€266,829
Income statement
- Goods and materials -€61.9m
down €61.9m (-32.6%), from €189.7m to €127.7m
- Turnover -€60.5m
down €60.5m (-31.5%), from €192.1m to €131.5m
From the 2023 result to the 2024 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.
Result 2023
-€1.3m
Turnover
-€60.5m
Other operating income
-€1,982
Goods and materials
+€61.9m
Services and other goods
+€1.2m
Staff costs
+€99,361
Depreciation
+€106,111
Write-downs
-€100,800
Other operating charges
-€665
Financial income
-€488,079
Financial charges
+€18,434
Result 2024
€962,691
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.4m
Investment
-€167,742
Financing
+€2.0m
Cash 2023
€9.3m
From operations (derived)
+€1.4m
Net result for the year
+€962,691
Depreciation
+€366,372
Receivables within one year
+€11.6m
Deferred charges and accrued income
-€1.3m
Trade debts
+€510,737
Tax, wage and social debts
-€20,166
Accrued charges and deferred income
-€10.6m
Investment (derived)
-€167,742
Investment in fixed assets (net)
-€167,742
Financing
+€2.0m
Contributions, distributions and other
+€2.0m
Cash 2024
€12.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,991,877 | €44,803,479 | -€7.2m | -13.8% |
| Fixed assets | 21/28 | €757,878 | €559,248 | -€198,630 | -26.2% |
| Intangible fixed assets | 21 | €292,709 | €273,611 | -€19,097 | -6.5% |
| Tangible fixed assets | 22/27 | €334,810 | €164,671 | -€170,139 | -50.8% |
| Plant, machinery and equipment | 23 | €250,580 | €124,933 | -€125,647 | -50.1% |
| Furniture and vehicles | 24 | €84,230 | €39,737 | -€44,493 | -52.8% |
| Financial fixed assets | 28 | €130,359 | €120,966 | -€9,393 | -7.2% |
| Other financial fixed assets | 284/8 | €130,359 | €120,966 | -€9,393 | -7.2% |
| Amounts receivable and cash guarantees | 285/8 | €130,359 | €120,966 | -€9,393 | -7.2% |
| Current assets | 29/58 | €51,234,000 | €44,244,231 | -€7.0m | -13.6% |
| Amounts receivable within one year | 40/41 | €20,599,455 | €9,038,257 | -€11.6m | -56.1% |
| Trade receivables | 40 | €18,848,693 | €4,905,039 | -€13.9m | -74.0% |
| Other amounts receivable | 41 | €1,750,762 | €4,133,218 | +€2.4m | +136% |
| Cash at bank and in hand | 54/58 | €9,277,553 | €12,510,749 | +€3.2m | +34.8% |
| Deferred charges and accrued income | 490/1 | €21,356,992 | €22,695,225 | +€1.3m | +6.3% |
| Total equity and liabilities | 10/49 | €51,991,877 | €44,803,479 | -€7.2m | -13.8% |
| Equity | 10/15 | -€1,129,519 | €1,833,171 | +€3.0m | |
| Contributions | 10/11 | €100,000 | €2,100,000 | +€2.0m | +2,000% |
| Profit (loss) carried forward | 14 | -€1,229,519 | -€266,829 | +€962,691 | +78.3% |
| Amounts payable | 17/49 | €53,121,397 | €42,970,307 | -€10.2m | -19.1% |
| Amounts payable within one year | 42/48 | €6,420,393 | €6,910,964 | +€490,571 | +7.6% |
| Trade debts | 44 | €6,294,278 | €6,805,016 | +€510,737 | +8.1% |
| Suppliers | 440/4 | €6,294,278 | €6,805,016 | +€510,737 | +8.1% |
| Taxes, remuneration and social security | 45 | €126,115 | €105,949 | -€20,166 | -16.0% |
| Remuneration and social security | 454/9 | €126,115 | €105,949 | -€20,166 | -16.0% |
| Accrued charges and deferred income | 492/3 | €46,701,004 | €36,059,343 | -€10.6m | -22.8% |
| Operating income | 70/76A | €192,063,446 | €131,535,405 | -€60.5m | -31.5% |
| Turnover | 70 | €192,052,952 | €131,526,893 | -€60.5m | -31.5% |
| Other operating income | 74 | €10,494 | €8,512 | -€1,982 | -18.9% |
| Operating charges | 60/66A | €193,810,951 | €130,563,498 | -€63.2m | -32.6% |
| Goods for resale, raw materials and consumables | 60 | €189,650,179 | €127,740,098 | -€61.9m | -32.6% |
| Purchases | 600/8 | €189,650,179 | €127,740,098 | -€61.9m | -32.6% |
| Services and other goods | 61 | €3,089,638 | €1,856,273 | -€1.2m | -39.9% |
| Remuneration, social security and pensions | 62 | €598,194 | €498,833 | -€99,361 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472,483 | €366,372 | -€106,111 | -22.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €100,800 | +€100,800 | |
| Other operating charges | 640/8 | €458 | €1,122 | +€665 | +145% |
| Operating profit (loss) | 9901 | -€1,747,504 | €971,907 | +€2.7m | |
| Financial income | 75/76B | €488,079 | - | -€488,079 | |
| Recurring financial income | 75 | €488,079 | - | -€488,079 | |
| Income from current assets | 751 | €488,079 | - | -€488,079 | |
| Financial charges | 65/66B | €27,650 | €9,217 | -€18,434 | -66.7% |
| Recurring financial charges | 65 | €27,650 | €9,217 | -€18,434 | -66.7% |
| Debt charges | 650 | €2,522 | €4,551 | +€2,029 | +80.5% |
| Other financial charges | 652/9 | €25,129 | €4,666 | -€20,463 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,287,076 | €962,691 | +€2.2m | |
| Profit (loss) for the period | 9904 | -€1,287,076 | €962,691 | +€2.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,287,076 | €962,691 | +€2.2m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.