VCB MEDIA: what changed
Two fiscal 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.
VCB MEDIA
Largest movements
- Receivables within one year +€18,979
up €18,979 (+48.2%), from €39,339 to €58,317
of which Other amounts receivable: +€18,613
- Intangible fixed assets +€11,249
new in 2025: €11,249
- Cash -€7,838
down €7,838 (-7.8%), from €100,680 to €92,841
mainly Receivables within one year (-€18,979) and Investment in fixed assets (net) (-€18,928)
- Tangible fixed assets +€4,207
up €4,207 (+119.6%), from €3,516 to €7,723
of which Plant, machinery and equipment: +€4,134
- Receivables after one year +€4,000
new in 2025: €4,000
- Profit (loss) carried forward +€32,491
up €32,491 (+37.8%), from €85,898 to €118,389
- Tax, wage and social debts +€19,273
up €19,273 (+81.9%), from €23,531 to €42,804
of which Taxes: +€16,103
- Other debts -€13,494
down €13,494 (-100.0%), from €13,494 to €0
- Trade debts -€8,981
down €8,981 (-51.9%), from €17,293 to €8,312
- Gross operating margin -€36,225
down €36,225 (-32.8%), from €110,527 to €74,302
- Staff costs +€22,719
new in 2025: €22,719
- Taxes -€9,718
down €9,718 (-41.3%), from €23,531 to €13,813
- Depreciation +€3,253
up €3,253 (+1480.9%), from €220 to €3,472
- Financial charges +€1,510
up €1,510 (+3113.8%), from €48 to €1,558
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.
Cash bridge derived
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 | €143,955 | €174,256 | +€30,301 | +21.0% |
| Fixed assets | 21/28 | €3,516 | €18,972 | +€15,456 | +439.5% |
| Intangible fixed assets | 21 | - | €11,249 | +€11,249 | |
| Tangible fixed assets | 22/27 | €3,516 | €7,723 | +€4,207 | +119.6% |
| Plant, machinery and equipment | 23 | €1,224 | €5,358 | +€4,134 | +337.7% |
| Furniture and vehicles | 24 | €2,292 | €2,366 | +€73 | +3.2% |
| Current assets | 29/58 | €140,439 | €155,284 | +€14,845 | +10.6% |
| Amounts receivable after more than one year | 29 | - | €4,000 | +€4,000 | |
| Trade receivables | 290 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €39,339 | €58,317 | +€18,979 | +48.2% |
| Trade receivables | 40 | €36,301 | €36,667 | +€366 | +1.0% |
| Other amounts receivable | 41 | €3,037 | €21,651 | +€18,613 | +612.8% |
| Cash at bank and in hand | 54/58 | €100,680 | €92,841 | -€7,838 | -7.8% |
| Deferred charges and accrued income | 490/1 | €421 | €125 | -€295 | -70.2% |
| Total equity and liabilities | 10/49 | €143,955 | €174,256 | +€30,301 | +21.0% |
| Equity | 10/15 | €87,898 | €120,389 | +€32,491 | +37.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,898 | €118,389 | +€32,491 | +37.8% |
| Amounts payable | 17/49 | €56,057 | €53,867 | -€2,190 | -3.9% |
| Amounts payable within one year | 42/48 | €56,057 | €53,867 | -€2,190 | -3.9% |
| Financial debts | 43 | €1,739 | €2,752 | +€1,013 | +58.3% |
| Credit institutions | 430/8 | €1,739 | €2,752 | +€1,013 | +58.3% |
| Trade debts | 44 | €17,293 | €8,312 | -€8,981 | -51.9% |
| Suppliers | 440/4 | €17,293 | €8,312 | -€8,981 | -51.9% |
| Taxes, remuneration and social security | 45 | €23,531 | €42,804 | +€19,273 | +81.9% |
| Taxes | 450/3 | €23,531 | €39,634 | +€16,103 | +68.4% |
| Remuneration and social security | 454/9 | - | €3,169 | +€3,169 | |
| Other amounts payable | 47/48 | €13,494 | €0 | -€13,494 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €22,719 | +€22,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €3,472 | +€3,253 | +1480.9% |
| Other operating charges | 640/8 | - | €520 | +€520 | |
| Gross operating margin | 9900 | €110,527 | €74,302 | -€36,225 | -32.8% |
| Operating profit (loss) | 9901 | €110,307 | €47,591 | -€62,716 | -56.9% |
| Financial income | 75/76B | €29 | €271 | +€242 | +825.7% |
| Recurring financial income | 75 | €29 | €271 | +€242 | +825.7% |
| Financial charges | 65/66B | €48 | €1,558 | +€1,510 | +3113.8% |
| Recurring financial charges | 65 | €48 | €1,558 | +€1,510 | +3113.8% |
| Profit (loss) for the period before taxes | 9903 | €110,288 | €46,304 | -€63,984 | -58.0% |
| Income taxes | 67/77 | €23,531 | €13,813 | -€9,718 | -41.3% |
| Profit (loss) for the period | 9904 | €86,757 | €32,491 | -€54,266 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,757 | €32,491 | -€54,266 | -62.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.