VnO 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.
VnO MEDIA
Largest movements
- Cash +€19,284
up €19,284 (+6,522%), from €296 to €19,580
mainly Trade debts (+€12,664) and Depreciation (+€6,810)
- Tangible fixed assets -€4,802
down €4,802 (-4.2%), from €114,930 to €110,128
of which Land and buildings: -€4,158
- Receivables within one year -€4,368
down €4,368 (-56.7%), from €7,707 to €3,340
of which Other amounts receivable: -€3,500
- Trade debts +€12,664
up €12,664 (+149%), from €8,508 to €21,172
- Debts after one year -€6,535
down €6,535 (-6.6%), from €98,721 to €92,186
- Other debts +€2,997
up €2,997 (+5.6%), from €53,394 to €56,391
- Profit (loss) carried forward +€2,210
up €2,210 (+4.1%), from -€54,403 to -€52,194
- Short-term financial debts -€2,105
no longer reported in 2025 (was €2,105)
- Gross operating margin +€27,037
up €27,037, from -€12,480 to €14,556
- Other operating charges -€1,576
down €1,576 (-42.3%), from €3,722 to €2,146
- Depreciation -€272
down €272 (-3.8%), from €7,082 to €6,810
- Financial charges +€188
up €188 (+6.2%), from €3,029 to €3,216
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 | €122,933 | €133,047 | +€10,114 | +8.2% |
| Fixed assets | 21/28 | €114,930 | €110,128 | -€4,802 | -4.2% |
| Tangible fixed assets | 22/27 | €114,930 | €110,128 | -€4,802 | -4.2% |
| Land and buildings | 22 | €110,894 | €106,736 | -€4,158 | -3.7% |
| Plant, machinery and equipment | 23 | €331 | - | -€331 | |
| Furniture and vehicles | 24 | €3,705 | €3,392 | -€314 | -8.5% |
| Current assets | 29/58 | €8,003 | €22,920 | +€14,917 | +186% |
| Amounts receivable within one year | 40/41 | €7,707 | €3,340 | -€4,368 | -56.7% |
| Trade receivables | 40 | €1,969 | €1,102 | -€868 | -44.1% |
| Other amounts receivable | 41 | €5,738 | €2,238 | -€3,500 | -61.0% |
| Cash at bank and in hand | 54/58 | €296 | €19,580 | +€19,284 | +6,522% |
| Total equity and liabilities | 10/49 | €122,933 | €133,047 | +€10,114 | +8.2% |
| Equity | 10/15 | -€46,344 | -€44,135 | +€2,210 | +4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,403 | -€52,194 | +€2,210 | +4.1% |
| Amounts payable | 17/49 | €169,277 | €177,182 | +€7,905 | +4.7% |
| Amounts payable after more than one year | 17 | €98,721 | €92,186 | -€6,535 | -6.6% |
| Financial debts | 170/4 | €98,721 | €92,186 | -€6,535 | -6.6% |
| Amounts payable within one year | 42/48 | €70,556 | €84,272 | +€13,716 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €6,385 | €6,535 | +€150 | +2.3% |
| Financial debts | 43 | €2,105 | - | -€2,105 | |
| Credit institutions | 430/8 | €2,105 | - | -€2,105 | |
| Trade debts | 44 | €8,508 | €21,172 | +€12,664 | +149% |
| Suppliers | 440/4 | €8,508 | €21,172 | +€12,664 | +149% |
| Taxes, remuneration and social security | 45 | €164 | €174 | +€10 | +6.1% |
| Taxes | 450/3 | €164 | €174 | +€10 | +6.1% |
| Other amounts payable | 47/48 | €53,394 | €56,391 | +€2,997 | +5.6% |
| Accrued charges and deferred income | 492/3 | - | €724 | +€724 | |
| Remuneration, social security and pensions | 62 | -€48 | - | +€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,082 | €6,810 | -€272 | -3.8% |
| Other operating charges | 640/8 | €3,722 | €2,146 | -€1,576 | -42.3% |
| Gross operating margin | 9900 | -€12,480 | €14,556 | +€27,037 | |
| Operating profit (loss) | 9901 | -€23,236 | €5,600 | +€28,837 | |
| Financial charges | 65/66B | €3,029 | €3,216 | +€188 | +6.2% |
| Recurring financial charges | 65 | €3,029 | €3,216 | +€188 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,265 | €2,384 | +€28,649 | |
| Income taxes | 67/77 | €164 | €174 | +€10 | +6.1% |
| Profit (loss) for the period | 9904 | -€26,429 | €2,210 | +€28,639 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,429 | €2,210 | +€28,639 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.