FEESTKWARTIER: what changed
What changed
FEESTKWARTIER
filed annual accounts (NBB)
Net result for the year
€35,039
2024 · €29,603+€5,436
Equity
€181,255
2024 · €146,216+€35,039
Cash
€10,750
2024 · €11,203-€453
Balance sheet total
€850,858
2024 · €993,575-€142,717
Largest movements
Assets
- Receivables within one year -€102,583
down €102,583 (-85.8%), from €119,516 to €16,933
of which Other amounts receivable: -€104,783
- Tangible fixed assets -€39,287
down €39,287 (-4.6%), from €862,462 to €823,174
Equity and liabilities
- Other debts -€118,775
down €118,775 (-95.0%), from €125,000 to €6,225
- Debts after one year -€69,150
down €69,150 (-11.0%), from €626,971 to €557,820
- Reserves +€35,039
up €35,039 (+75.8%), from €46,216 to €81,255
- Tax, wage and social debts +€12,755
up €12,755 (+115%), from €11,088 to €23,844
Income statement
- Gross operating margin +€9,836
up €9,836 (+9.8%), from €99,876 to €109,712
- Financial income -€2,757
down €2,757 (-100.0%), from €2,757 to €0
- Taxes +€1,667
up €1,667 (+15.0%), from €11,088 to €12,755
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29,603
Gross operating margin
+€9,836
Other operating charges
-€16
Financial income
-€2,757
Financial charges
+€40
Taxes
-€1,667
Result 2025
€35,039
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,533
Investment
€0
Financing
-€67,986
Cash 2024
€11,203
From operations (derived)
+€67,533
Net result for the year
+€35,039
Depreciation
+€39,287
Receivables within one year
+€102,583
Deferred charges and accrued income
+€394
Trade debts
-€4,273
Tax, wage and social debts
+€12,755
Other debts
-€118,775
Accrued charges and deferred income
+€522
Financing
-€67,986
Debts after one year
-€69,150
Current portion of long-term debt
+€1,165
Cash 2025
€10,750
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €993,575 | €850,858 | -€142,717 | -14.4% |
| Fixed assets | 21/28 | €862,462 | €823,174 | -€39,287 | -4.6% |
| Tangible fixed assets | 22/27 | €862,462 | €823,174 | -€39,287 | -4.6% |
| Land and buildings | 22 | €862,462 | €823,174 | -€39,287 | -4.6% |
| Current assets | 29/58 | €131,113 | €27,684 | -€103,429 | -78.9% |
| Amounts receivable within one year | 40/41 | €119,516 | €16,933 | -€102,583 | -85.8% |
| Trade receivables | 40 | €14,733 | €16,933 | +€2,200 | +14.9% |
| Other amounts receivable | 41 | €104,783 | €0 | -€104,783 | -100% |
| Cash at bank and in hand | 54/58 | €11,203 | €10,750 | -€453 | -4.0% |
| Deferred charges and accrued income | 490/1 | €394 | €0 | -€394 | -100% |
| Total equity and liabilities | 10/49 | €993,575 | €850,858 | -€142,717 | -14.4% |
| Equity | 10/15 | €146,216 | €181,255 | +€35,039 | +24.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €46,216 | €81,255 | +€35,039 | +75.8% |
| Distributable reserves | 133 | €46,216 | €81,255 | +€35,039 | +75.8% |
| Amounts payable | 17/49 | €847,359 | €669,603 | -€177,756 | -21.0% |
| Amounts payable after more than one year | 17 | €626,971 | €557,820 | -€69,150 | -11.0% |
| Financial debts | 170/4 | €626,971 | €557,820 | -€69,150 | -11.0% |
| Amounts payable within one year | 42/48 | €220,388 | €111,260 | -€109,128 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €67,986 | €69,150 | +€1,165 | +1.7% |
| Trade debts | 44 | €16,314 | €12,041 | -€4,273 | -26.2% |
| Suppliers | 440/4 | €16,314 | €12,041 | -€4,273 | -26.2% |
| Taxes, remuneration and social security | 45 | €11,088 | €23,844 | +€12,755 | +115% |
| Taxes | 450/3 | €11,088 | €23,844 | +€12,755 | +115% |
| Other amounts payable | 47/48 | €125,000 | €6,225 | -€118,775 | -95.0% |
| Accrued charges and deferred income | 492/3 | - | €522 | +€522 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,287 | €39,287 | = | 0.0% |
| Other operating charges | 640/8 | €9,753 | €9,768 | +€16 | +0.2% |
| Gross operating margin | 9900 | €99,876 | €109,712 | +€9,836 | +9.8% |
| Operating profit (loss) | 9901 | €50,836 | €60,656 | +€9,820 | +19.3% |
| Financial income | 75/76B | €2,757 | €0 | -€2,757 | -100.0% |
| Recurring financial income | 75 | €2,757 | €0 | -€2,757 | -100.0% |
| Financial charges | 65/66B | €12,902 | €12,862 | -€40 | -0.3% |
| Recurring financial charges | 65 | €12,902 | €12,862 | -€40 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €40,691 | €47,794 | +€7,103 | +17.5% |
| Income taxes | 67/77 | €11,088 | €12,755 | +€1,667 | +15.0% |
| Profit (loss) for the period | 9904 | €29,603 | €35,039 | +€5,436 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,603 | €35,039 | +€5,436 | +18.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.