FESTI: 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.
FESTI
Largest movements
- Current investments +€565,000
new in 2025: €565,000
- Cash -€428,436
down €428,436 (-83.5%), from €513,159 to €84,723
mainly Current investments (-€565,000) and Investment in fixed assets (net) (-€193,093)
- Receivables within one year -€77,406
down €77,406 (-8.9%), from €871,775 to €794,369
of which Other amounts receivable: -€67,277
- Receivables after one year -€36,338
down €36,338 (-31.0%), from €117,165 to €80,828
- Intangible fixed assets +€31,744
up €31,744 (+92.9%), from €34,178 to €65,922
- Reserves +€235,346
up €235,346 (+26.6%), from €886,323 to €1.1m
of which Tax-exempt reserves: +€123,277
- Tax, wage and social debts -€83,606
down €83,606 (-53.6%), from €156,044 to €72,438
of which Taxes: -€56,277
- Trade debts -€60,996
down €60,996 (-14.5%), from €421,607 to €360,611
- Other debts -€22,532
down €22,532 (-29.5%), from €76,347 to €53,815
- Staff costs +€49,964
up €49,964 (+10.4%), from €478,929 to €528,894
- Depreciation +€27,915
up €27,915 (+23.8%), from €117,182 to €145,097
- Taxes -€27,578
down €27,578 (-20.7%), from €133,388 to €105,810
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 | €1,748,396 | €1,817,753 | +€69,356 | +4.0% |
| Fixed assets | 21/28 | €187,061 | €235,057 | +€47,996 | +25.7% |
| Intangible fixed assets | 21 | €34,178 | €65,922 | +€31,744 | +92.9% |
| Tangible fixed assets | 22/27 | €152,293 | €168,545 | +€16,252 | +10.7% |
| Plant, machinery and equipment | 23 | €12,906 | €10,102 | -€2,804 | -21.7% |
| Furniture and vehicles | 24 | €31,314 | €36,299 | +€4,985 | +15.9% |
| Other tangible fixed assets | 26 | €108,073 | €122,145 | +€14,072 | +13.0% |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €1,561,335 | €1,582,696 | +€21,360 | +1.4% |
| Amounts receivable after more than one year | 29 | €117,165 | €80,828 | -€36,338 | -31.0% |
| Other amounts receivable | 291 | €117,165 | €80,828 | -€36,338 | -31.0% |
| Amounts receivable within one year | 40/41 | €871,775 | €794,369 | -€77,406 | -8.9% |
| Trade receivables | 40 | €28,705 | €18,576 | -€10,129 | -35.3% |
| Other amounts receivable | 41 | €843,071 | €775,793 | -€67,277 | -8.0% |
| Current investments | 50/53 | - | €565,000 | +€565,000 | |
| Cash at bank and in hand | 54/58 | €513,159 | €84,723 | -€428,436 | -83.5% |
| Deferred charges and accrued income | 490/1 | €59,236 | €57,776 | -€1,459 | -2.5% |
| Total equity and liabilities | 10/49 | €1,748,396 | €1,817,753 | +€69,356 | +4.0% |
| Equity | 10/15 | €1,087,542 | €1,322,888 | +€235,346 | +21.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €886,323 | €1,121,670 | +€235,346 | +26.6% |
| Tax-exempt reserves | 132 | €279,585 | €402,862 | +€123,277 | +44.1% |
| Distributable reserves | 133 | €606,738 | €718,808 | +€112,070 | +18.5% |
| Profit (loss) carried forward | 14 | €195,021 | €195,021 | -€0 | 0.0% |
| Amounts payable | 17/49 | €660,855 | €494,865 | -€165,990 | -25.1% |
| Amounts payable within one year | 42/48 | €656,855 | €486,865 | -€169,990 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €2,856 | - | -€2,856 | |
| Trade debts | 44 | €421,607 | €360,611 | -€60,996 | -14.5% |
| Suppliers | 440/4 | €421,607 | €360,611 | -€60,996 | -14.5% |
| Taxes, remuneration and social security | 45 | €156,044 | €72,438 | -€83,606 | -53.6% |
| Taxes | 450/3 | €73,440 | €17,163 | -€56,277 | -76.6% |
| Remuneration and social security | 454/9 | €82,604 | €55,275 | -€27,329 | -33.1% |
| Other amounts payable | 47/48 | €76,347 | €53,815 | -€22,532 | -29.5% |
| Accrued charges and deferred income | 492/3 | €4,000 | €8,000 | +€4,000 | +100% |
| Non-recurring operating income | 76A | €15,601 | - | -€15,601 | |
| Remuneration, social security and pensions | 62 | €478,929 | €528,894 | +€49,964 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,182 | €145,097 | +€27,915 | +23.8% |
| Other operating charges | 640/8 | €7,422 | €14,517 | +€7,095 | +95.6% |
| Gross operating margin | 9900 | €1,014,138 | €1,021,224 | +€7,086 | +0.7% |
| Operating profit (loss) | 9901 | €410,604 | €332,716 | -€77,888 | -19.0% |
| Financial income | 75/76B | €13,868 | €14,460 | +€592 | +4.3% |
| Recurring financial income | 75 | €13,868 | €14,460 | +€592 | +4.3% |
| Financial charges | 65/66B | €5,915 | €6,019 | +€104 | +1.8% |
| Recurring financial charges | 65 | €5,915 | €6,019 | +€104 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €418,557 | €341,157 | -€77,400 | -18.5% |
| Income taxes | 67/77 | €133,388 | €105,810 | -€27,578 | -20.7% |
| Profit (loss) for the period | 9904 | €285,169 | €235,346 | -€49,822 | -17.5% |
| Transfer to tax-exempt reserves | 689 | €56,706 | €123,277 | +€66,570 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €228,462 | €112,070 | -€116,393 | -50.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.