FESTANO: 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.
What changed
FESTANO
NACE 69.102, Activities of notaries
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€52,626
2024 · €108,017-€55,391
Equity
€738,004
2024 · €762,378-€24,374
Cash
€3,994
2024 · €1,613+€2,381
Balance sheet total
€3.5m
2024 · €2.2m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.3m
up €1.3m (+59.1%), from €2.2m to €3.5m
of which Land and buildings: +€1.3m
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+129.7%), from €951,038 to €2.2m
- Other debts +€53,436
up €53,436 (+17.4%), from €306,755 to €360,191
- Current portion of long-term debt +€40,265
up €40,265 (+35.4%), from €113,847 to €154,112
Income statement
- Depreciation +€50,412
up €50,412 (+59.9%), from €84,181 to €134,593
- Financial charges +€34,926
up €34,926 (+112.0%), from €31,185 to €66,111
- Taxes -€18,875
down €18,875 (-44.6%), from €42,327 to €23,452
- Gross operating margin +€13,336
up €13,336 (+5.0%), from €265,062 to €278,398
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.
Result 2024
€108,017
Gross operating margin
+€13,336
Depreciation
-€50,412
Other operating charges
-€600
Financial income
+€4
Financial charges
-€34,926
Taxes
+€18,875
Deferred taxes and other
-€1,667
Result 2025
€52,626
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.
From operations
+€240,925
Investment
-€1.4m
Financing
+€1.2m
Cash 2024
€1,613
From operations (derived)
+€240,925
Net result for the year
+€52,626
Depreciation
+€134,593
Receivables within one year
-€9,763
Smaller working-capital items
-€3,453
Trade debts
+€11,050
Tax, wage and social debts
-€9,043
Other debts
+€53,436
Accrued charges and deferred income
+€11,479
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€1.2m
Debts after one year
+€1.2m
Current portion of long-term debt
+€40,265
Contributions, distributions and other
-€77,000
Cash 2025
€3,994
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,225,098 | €3,541,269 | +€1.3m | +59.2% |
| Fixed assets | 21/28 | €2,202,530 | €3,503,375 | +€1.3m | +59.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,202,529 | €3,503,374 | +€1.3m | +59.1% |
| Land and buildings | 22 | €2,183,500 | €3,485,964 | +€1.3m | +59.7% |
| Plant, machinery and equipment | 23 | €4,311 | €3,311 | -€1,000 | -23.2% |
| Furniture and vehicles | 24 | €8,152 | €9,449 | +€1,297 | +15.9% |
| Other tangible fixed assets | 26 | €6,566 | €4,648 | -€1,917 | -29.2% |
| Current assets | 29/58 | €22,567 | €37,894 | +€15,327 | +67.9% |
| Amounts receivable within one year | 40/41 | €18,649 | €28,412 | +€9,763 | +52.4% |
| Trade receivables | 40 | €956 | €956 | = | 0.0% |
| Other amounts receivable | 41 | €17,693 | €27,456 | +€9,763 | +55.2% |
| Cash at bank and in hand | 54/58 | €1,613 | €3,994 | +€2,381 | +147.6% |
| Deferred charges and accrued income | 490/1 | €2,306 | €5,488 | +€3,183 | +138.0% |
| Total equity and liabilities | 10/49 | €2,225,098 | €3,541,269 | +€1.3m | +59.2% |
| Equity | 10/15 | €762,378 | €738,004 | -€24,374 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €743,778 | €719,404 | -€24,374 | -3.3% |
| Tax-exempt reserves | 132 | €17,760 | €16,950 | -€810 | -4.6% |
| Distributable reserves | 133 | €726,018 | €702,454 | -€23,565 | -3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €270 | €0 | -€270 | -100.0% |
| Deferred taxes | 168 | €270 | €0 | -€270 | -100.0% |
| Amounts payable | 17/49 | €1,462,450 | €2,803,265 | +€1.3m | +91.7% |
| Amounts payable after more than one year | 17 | €951,038 | €2,184,666 | +€1.2m | +129.7% |
| Financial debts | 170/4 | €951,038 | €2,184,666 | +€1.2m | +129.7% |
| Amounts payable within one year | 42/48 | €493,007 | €588,716 | +€95,708 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €113,847 | €154,112 | +€40,265 | +35.4% |
| Trade debts | 44 | €20,131 | €31,180 | +€11,050 | +54.9% |
| Suppliers | 440/4 | €20,131 | €31,180 | +€11,050 | +54.9% |
| Taxes, remuneration and social security | 45 | €52,275 | €43,232 | -€9,043 | -17.3% |
| Taxes | 450/3 | €52,275 | €40,832 | -€11,443 | -21.9% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Other amounts payable | 47/48 | €306,755 | €360,191 | +€53,436 | +17.4% |
| Accrued charges and deferred income | 492/3 | €18,404 | €29,883 | +€11,479 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,181 | €134,593 | +€50,412 | +59.9% |
| Other operating charges | 640/8 | €1,293 | €1,894 | +€600 | +46.4% |
| Gross operating margin | 9900 | €265,062 | €278,398 | +€13,336 | +5.0% |
| Operating profit (loss) | 9901 | €179,587 | €141,911 | -€37,676 | -21.0% |
| Financial income | 75/76B | €4 | €7 | +€4 | +96.8% |
| Recurring financial income | 75 | €4 | €7 | +€4 | +96.8% |
| Financial charges | 65/66B | €31,185 | €66,111 | +€34,926 | +112.0% |
| Recurring financial charges | 65 | €31,185 | €66,111 | +€34,926 | +112.0% |
| Profit (loss) for the period before taxes | 9903 | €148,407 | €75,808 | -€72,599 | -48.9% |
| Transfer from deferred taxes | 780 | €1,937 | €270 | -€1,667 | -86.1% |
| Income taxes | 67/77 | €42,327 | €23,452 | -€18,875 | -44.6% |
| Profit (loss) for the period | 9904 | €108,017 | €52,626 | -€55,391 | -51.3% |
| Transfer from tax-exempt reserves | 789 | €5,811 | €810 | -€5,002 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,828 | €53,435 | -€60,393 | -53.1% |
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 6 October 2026 via checked.be.