TMA 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.
TMA Media
Largest movements
- Receivables within one year +€35,000
up €35,000 (+350%), from €10,000 to €45,000
of which Trade receivables: +€35,000
- Cash -€4,208
no longer reported in 2025 (was €4,208)
mainly Receivables within one year (-€35,000) and Current portion of long-term debt (-€28,000)
- Debts after one year +€30,000
up €30,000 (+14.8%), from €202,900 to €232,900
of which Other amounts payable: +€86,000
- Current portion of long-term debt -€28,000
no longer reported in 2025 (was €28,000)
- Profit (loss) carried forward +€24,824
up €24,824, from -€19,938 to €4,886
- Gross operating margin +€33,530
up €33,530, from -€1,540 to €31,990
- Taxes +€1,629
new in 2025: €1,629
- Financial charges -€639
down €639 (-10.4%), from €6,177 to €5,538
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 | €214,208 | €245,488 | +€31,280 | +14.6% |
| Fixed assets | 21/28 | €200,000 | €200,000 | = | 0.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €14,208 | €45,488 | +€31,280 | +220% |
| Amounts receivable within one year | 40/41 | €10,000 | €45,000 | +€35,000 | +350% |
| Trade receivables | 40 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Current investments | 50/53 | - | €488 | +€488 | |
| Cash at bank and in hand | 54/58 | €4,208 | - | -€4,208 | |
| Total equity and liabilities | 10/49 | €214,208 | €245,488 | +€31,280 | +14.6% |
| Equity | 10/15 | -€19,838 | €4,986 | +€24,824 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,938 | €4,886 | +€24,824 | |
| Amounts payable | 17/49 | €234,046 | €240,502 | +€6,456 | +2.8% |
| Amounts payable after more than one year | 17 | €202,900 | €232,900 | +€30,000 | +14.8% |
| Financial debts | 170/4 | €56,000 | - | -€56,000 | |
| Other amounts payable | 178/9 | €146,900 | €232,900 | +€86,000 | +58.5% |
| Amounts payable within one year | 42/48 | €29,541 | €4,392 | -€25,149 | -85.1% |
| Current portion of amounts payable after more than one year | 42 | €28,000 | - | -€28,000 | |
| Trade debts | 44 | €1,109 | €1,900 | +€791 | +71.3% |
| Suppliers | 440/4 | €1,109 | €1,900 | +€791 | +71.3% |
| Taxes, remuneration and social security | 45 | €432 | €2,492 | +€2,060 | +477% |
| Taxes | 450/3 | €432 | €2,492 | +€2,060 | +477% |
| Accrued charges and deferred income | 492/3 | €1,605 | €3,210 | +€1,605 | +100% |
| Other operating charges | 640/8 | €137 | - | -€137 | |
| Gross operating margin | 9900 | -€1,540 | €31,990 | +€33,530 | |
| Operating profit (loss) | 9901 | -€1,677 | €31,990 | +€33,667 | |
| Financial charges | 65/66B | €6,177 | €5,538 | -€639 | -10.4% |
| Recurring financial charges | 65 | €6,177 | €5,538 | -€639 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,854 | €26,452 | +€34,306 | |
| Income taxes | 67/77 | - | €1,629 | +€1,629 | |
| Profit (loss) for the period | 9904 | -€7,854 | €24,824 | +€32,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,854 | €24,824 | +€32,678 |
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 22 October 2026 via checked.be.