B Fest: 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.
B Fest
Largest movements
- Receivables within one year -€561,610
down €561,610 (-23.0%), from €2.4m to €1.9m
of which Other amounts receivable: -€352,081
- Tangible fixed assets -€347,020
down €347,020 (-41.8%), from €829,231 to €482,211
of which Plant, machinery and equipment: -€392,834
- Intangible fixed assets -€113,034
down €113,034 (-72.8%), from €155,243 to €42,209
- Profit (loss) carried forward -€2.4m
down €2.4m (-271.7%), from -€866,175 to -€3.2m
- Trade debts +€1.2m
up €1.2m (+65.0%), from €1.8m to €3.0m
- Other debts -€359,086
down €359,086 (-100.0%), from €359,086 to €0
- Current portion of long-term debt +€190,702
up €190,702 (+99.2%), from €192,244 to €382,946
- Debts after one year +€178,351
up €178,351 (+43.2%), from €412,798 to €591,149
- Gross operating margin -€1.1m
down €1.1m, from €877,479 to -€177,389
- Staff costs +€593,071
up €593,071 (+124.8%), from €475,316 to €1.1m
- Depreciation +€308,201
up €308,201 (+89.4%), from €344,610 to €652,811
- Financial charges +€75,463
up €75,463 (+275.5%), from €27,396 to €102,859
- Financial income +€49,728
up €49,728 (+297.9%), from €16,692 to €66,420
From the 2022 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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,619,848 | €2,536,828 | -€1.1m | -29.9% |
| Fixed assets | 21/28 | €989,958 | €524,754 | -€465,204 | -47.0% |
| Intangible fixed assets | 21 | €155,243 | €42,209 | -€113,034 | -72.8% |
| Tangible fixed assets | 22/27 | €829,231 | €482,211 | -€347,020 | -41.8% |
| Plant, machinery and equipment | 23 | €608,511 | €215,677 | -€392,834 | -64.6% |
| Furniture and vehicles | 24 | €64,867 | €35,192 | -€29,675 | -45.7% |
| Leasing and similar rights | 25 | €97,963 | €195,393 | +€97,430 | +99.5% |
| Other tangible fixed assets | 26 | €57,890 | €35,948 | -€21,942 | -37.9% |
| Financial fixed assets | 28 | €5,485 | €335 | -€5,150 | -93.9% |
| Current assets | 29/58 | €2,629,890 | €2,012,074 | -€617,816 | -23.5% |
| Amounts receivable within one year | 40/41 | €2,441,048 | €1,879,437 | -€561,610 | -23.0% |
| Trade receivables | 40 | €1,470,561 | €1,261,031 | -€209,530 | -14.2% |
| Other amounts receivable | 41 | €970,487 | €618,406 | -€352,081 | -36.3% |
| Cash at bank and in hand | 54/58 | €34,799 | €5,673 | -€29,127 | -83.7% |
| Deferred charges and accrued income | 490/1 | €154,043 | €126,964 | -€27,079 | -17.6% |
| Total equity and liabilities | 10/49 | €3,619,848 | €2,536,828 | -€1.1m | -29.9% |
| Equity | 10/15 | €53,415 | -€2,299,798 | -€2.4m | |
| Contributions | 10/11 | €717,750 | €717,750 | = | 0.0% |
| Capital | 10 | €717,750 | €717,750 | = | 0.0% |
| Issued capital | 100 | €717,750 | €717,750 | = | 0.0% |
| Reserves | 13 | €201,840 | €201,840 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,775 | €11,775 | = | 0.0% |
| Legal reserve | 130 | €11,775 | €11,775 | = | 0.0% |
| Distributable reserves | 133 | €190,065 | €190,065 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€866,175 | -€3,219,389 | -€2.4m | -271.7% |
| Amounts payable | 17/49 | €3,566,433 | €4,836,626 | +€1.3m | +35.6% |
| Amounts payable after more than one year | 17 | €412,798 | €591,149 | +€178,351 | +43.2% |
| Financial debts | 170/4 | €412,798 | €591,149 | +€178,351 | +43.2% |
| Amounts payable within one year | 42/48 | €3,060,881 | €4,050,616 | +€989,735 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €192,244 | €382,946 | +€190,702 | +99.2% |
| Financial debts | 43 | €586,952 | €498,861 | -€88,091 | -15.0% |
| Credit institutions | 430/8 | €586,952 | €498,861 | -€88,091 | -15.0% |
| Trade debts | 44 | €1,847,668 | €3,047,803 | +€1.2m | +65.0% |
| Suppliers | 440/4 | €1,847,668 | €3,047,803 | +€1.2m | +65.0% |
| Taxes, remuneration and social security | 45 | €74,930 | €121,006 | +€46,076 | +61.5% |
| Taxes | 450/3 | €21,214 | €8,683 | -€12,531 | -59.1% |
| Remuneration and social security | 454/9 | €53,716 | €112,322 | +€58,606 | +109.1% |
| Other amounts payable | 47/48 | €359,086 | €0 | -€359,086 | -100.0% |
| Accrued charges and deferred income | 492/3 | €92,754 | €194,861 | +€102,107 | +110.1% |
| Non-recurring operating income | 76A | €39,690 | €42,178 | +€2,488 | +6.3% |
| Remuneration, social security and pensions | 62 | €475,316 | €1,068,387 | +€593,071 | +124.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344,610 | €652,811 | +€308,201 | +89.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,455 | -€5,455 | |
| Other operating charges | 640/8 | €9,464 | €33,287 | +€23,823 | +251.7% |
| Non-recurring operating charges | 66A | €15,603 | €388,089 | +€372,486 | +2387.2% |
| Gross operating margin | 9900 | €877,479 | -€177,389 | -€1.1m | |
| Operating profit (loss) | 9901 | €32,486 | -€2,314,509 | -€2.3m | |
| Financial income | 75/76B | €16,692 | €66,420 | +€49,728 | +297.9% |
| Recurring financial income | 75 | €16,692 | €66,420 | +€49,728 | +297.9% |
| Financial charges | 65/66B | €27,396 | €102,859 | +€75,463 | +275.5% |
| Recurring financial charges | 65 | €27,396 | €102,859 | +€75,463 | +275.5% |
| Profit (loss) for the period before taxes | 9903 | €21,782 | -€2,350,948 | -€2.4m | |
| Income taxes | 67/77 | €1,103 | €2,265 | +€1,162 | +105.4% |
| Profit (loss) for the period | 9904 | €20,679 | -€2,353,213 | -€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €20,679 | -€2,353,213 | -€2.4m |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.