The Hyphen 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.
The Hyphen Media
Largest movements
- Receivables within one year +€77,105
up €77,105 (+46.0%), from €167,530 to €244,636
of which Trade receivables: +€108,812
- Cash +€29,924
up €29,924 (+96.3%), from €31,083 to €61,007
mainly Net result for the year (+€170,206) and Tax, wage and social debts (+€32,501)
- Tangible fixed assets -€4,981
down €4,981 (-17.7%), from €28,114 to €23,133
of which Furniture and vehicles: -€3,710
- Reserves +€71,000
up €71,000 (+39.4%), from €180,000 to €251,000
- Tax, wage and social debts +€32,501
up €32,501 (+193%), from €16,855 to €49,356
- Trade debts -€9,845
down €9,845 (-66.4%), from €14,826 to €4,981
- Short-term financial debts +€9,187
up €9,187 (+543%), from €1,692 to €10,879
- Gross operating margin +€95,883
up €95,883 (+69.3%), from €138,359 to €234,242
- Taxes +€27,830
up €27,830 (+95.7%), from €29,089 to €56,919
- Depreciation -€5,263
down €5,263 (-51.4%), from €10,244 to €4,981
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 | €226,727 | €328,776 | +€102,048 | +45.0% |
| Fixed assets | 21/28 | €28,114 | €23,133 | -€4,981 | -17.7% |
| Tangible fixed assets | 22/27 | €28,114 | €23,133 | -€4,981 | -17.7% |
| Furniture and vehicles | 24 | €18,106 | €14,396 | -€3,710 | -20.5% |
| Other tangible fixed assets | 26 | €10,008 | €8,737 | -€1,271 | -12.7% |
| Current assets | 29/58 | €198,613 | €305,643 | +€107,029 | +53.9% |
| Amounts receivable within one year | 40/41 | €167,530 | €244,636 | +€77,105 | +46.0% |
| Trade receivables | 40 | €76,230 | €185,042 | +€108,812 | +143% |
| Other amounts receivable | 41 | €91,300 | €59,594 | -€31,706 | -34.7% |
| Cash at bank and in hand | 54/58 | €31,083 | €61,007 | +€29,924 | +96.3% |
| Total equity and liabilities | 10/49 | €226,727 | €328,776 | +€102,048 | +45.0% |
| Equity | 10/15 | €193,355 | €263,560 | +€70,206 | +36.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €180,000 | €251,000 | +€71,000 | +39.4% |
| Distributable reserves | 133 | €180,000 | €251,000 | +€71,000 | +39.4% |
| Profit (loss) carried forward | 14 | €955 | €160 | -€794 | -83.2% |
| Amounts payable | 17/49 | €33,373 | €65,215 | +€31,843 | +95.4% |
| Amounts payable within one year | 42/48 | €33,373 | €65,215 | +€31,843 | +95.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,692 | €10,879 | +€9,187 | +543% |
| Credit institutions | 430/8 | €1,692 | €10,879 | +€9,187 | +543% |
| Trade debts | 44 | €14,826 | €4,981 | -€9,845 | -66.4% |
| Suppliers | 440/4 | €14,826 | €4,981 | -€9,845 | -66.4% |
| Taxes, remuneration and social security | 45 | €16,855 | €49,356 | +€32,501 | +193% |
| Taxes | 450/3 | €16,855 | €49,356 | +€32,501 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,244 | €4,981 | -€5,263 | -51.4% |
| Other operating charges | 640/8 | €2,146 | €3,763 | +€1,617 | +75.3% |
| Gross operating margin | 9900 | €138,359 | €234,242 | +€95,883 | +69.3% |
| Operating profit (loss) | 9901 | €125,969 | €225,498 | +€99,528 | +79.0% |
| Financial income | 75/76B | €3,171 | €2,910 | -€261 | -8.2% |
| Recurring financial income | 75 | €3,171 | €2,910 | -€261 | -8.2% |
| Financial charges | 65/66B | €1,260 | €1,282 | +€23 | +1.8% |
| Recurring financial charges | 65 | €1,260 | €1,282 | +€23 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €127,881 | €227,125 | +€99,244 | +77.6% |
| Income taxes | 67/77 | €29,089 | €56,919 | +€27,830 | +95.7% |
| Profit (loss) for the period | 9904 | €98,791 | €170,206 | +€71,414 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,791 | €170,206 | +€71,414 | +72.3% |
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 28 October 2026 via checked.be.