FESTICUP: 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.
FESTICUP
Largest movements
- Tangible fixed assets -€317,901
down €317,901 (-42.3%), from €751,267 to €433,366
of which Plant, machinery and equipment: -€265,919
- Receivables within one year +€115,521
up €115,521 (+161%), from €71,602 to €187,122
of which Trade receivables: +€81,828
- Cash -€29,808
down €29,808 (-95.5%), from €31,228 to €1,420
mainly Net result for the year (-€487,022) and Debts after one year (-€159,734)
- Stocks and contracts -€13,424
down €13,424 (-52.6%), from €25,533 to €12,109
- Profit (loss) carried forward -€487,022
down €487,022 (-42.6%), from -€1.1m to -€1.6m
- Other debts +€484,327
up €484,327 (+95.0%), from €510,000 to €994,327
- Debts after one year -€159,734
down €159,734 (-42.6%), from €374,700 to €214,966
- Current portion of long-term debt -€56,027
down €56,027 (-21.8%), from €257,395 to €201,368
- Tax, wage and social debts -€34,656
down €34,656 (-97.3%), from €35,611 to €954
of which Remuneration and social security: -€33,033
- Turnover -€1.6m
down €1.6m (-79.8%), from €2.0m to €397,072
- Purchases and services -€835,688
down €835,688 (-65.3%), from €1.3m to €443,950
- Gross operating margin -€646,016
down €646,016 (-93.0%), from €694,924 to €48,908
- Staff costs -€156,508
down €156,508 (-57.7%), from €271,308 to €114,800
- Depreciation -€35,732
down €35,732 (-9.6%), from €370,686 to €334,954
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 | €963,275 | €701,600 | -€261,675 | -27.2% |
| Fixed assets | 21/28 | €808,637 | €483,663 | -€324,973 | -40.2% |
| Intangible fixed assets | 21 | €57,370 | €50,297 | -€7,072 | -12.3% |
| Tangible fixed assets | 22/27 | €751,267 | €433,366 | -€317,901 | -42.3% |
| Plant, machinery and equipment | 23 | €640,881 | €374,962 | -€265,919 | -41.5% |
| Furniture and vehicles | 24 | €32,235 | €9,406 | -€22,828 | -70.8% |
| Other tangible fixed assets | 26 | €78,151 | €48,998 | -€29,153 | -37.3% |
| Current assets | 29/58 | €154,638 | €217,936 | +€63,298 | +40.9% |
| Stocks and contracts in progress | 3 | €25,533 | €12,109 | -€13,424 | -52.6% |
| Stocks | 30/36 | €25,533 | €12,109 | -€13,424 | -52.6% |
| Amounts receivable within one year | 40/41 | €71,602 | €187,122 | +€115,521 | +161% |
| Trade receivables | 40 | €71,602 | €153,429 | +€81,828 | +114% |
| Other amounts receivable | 41 | - | €33,693 | +€33,693 | |
| Cash at bank and in hand | 54/58 | €31,228 | €1,420 | -€29,808 | -95.5% |
| Deferred charges and accrued income | 490/1 | €26,276 | €17,285 | -€8,991 | -34.2% |
| Total equity and liabilities | 10/49 | €963,275 | €701,600 | -€261,675 | -27.2% |
| Equity | 10/15 | -€295,321 | -€782,343 | -€487,022 | -165% |
| Contributions | 10/11 | €848,600 | €848,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,143,921 | -€1,630,943 | -€487,022 | -42.6% |
| Amounts payable | 17/49 | €1,258,596 | €1,483,943 | +€225,347 | +17.9% |
| Amounts payable after more than one year | 17 | €374,700 | €214,966 | -€159,734 | -42.6% |
| Financial debts | 170/4 | €374,700 | €214,966 | -€159,734 | -42.6% |
| Amounts payable within one year | 42/48 | €860,090 | €1,234,364 | +€374,273 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €257,395 | €201,368 | -€56,027 | -21.8% |
| Financial debts | 43 | - | €13,236 | +€13,236 | |
| Credit institutions | 430/8 | - | €13,236 | +€13,236 | |
| Trade debts | 44 | €57,084 | €24,479 | -€32,605 | -57.1% |
| Suppliers | 440/4 | €57,084 | €24,479 | -€32,605 | -57.1% |
| Taxes, remuneration and social security | 45 | €35,611 | €954 | -€34,656 | -97.3% |
| Taxes | 450/3 | €2,578 | €954 | -€1,624 | -63.0% |
| Remuneration and social security | 454/9 | €33,033 | - | -€33,033 | |
| Other amounts payable | 47/48 | €510,000 | €994,327 | +€484,327 | +95.0% |
| Accrued charges and deferred income | 492/3 | €23,806 | €34,614 | +€10,808 | +45.4% |
| Turnover | 70 | €1,963,541 | €397,072 | -€1.6m | -79.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,279,638 | €443,950 | -€835,688 | -65.3% |
| Remuneration, social security and pensions | 62 | €271,308 | €114,800 | -€156,508 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,686 | €334,954 | -€35,732 | -9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,599 | +€19,599 | |
| Other operating charges | 640/8 | €23,304 | €51,243 | +€27,939 | +120% |
| Gross operating margin | 9900 | €694,924 | €48,908 | -€646,016 | -93.0% |
| Operating profit (loss) | 9901 | €29,626 | -€471,688 | -€501,314 | |
| Financial income | 75/76B | €1,075 | €8,073 | +€6,997 | +651% |
| Recurring financial income | 75 | €96 | €8,073 | +€7,976 | +8,271% |
| Non-recurring financial income | 76B | €979 | €8,073 | +€7,094 | +725% |
| Financial charges | 65/66B | €57,391 | €23,407 | -€33,985 | -59.2% |
| Recurring financial charges | 65 | €55,045 | €22,205 | -€32,840 | -59.7% |
| Non-recurring financial charges | 66B | €2,346 | €1,202 | -€1,145 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,690 | -€487,022 | -€460,332 | -1,725% |
| Income taxes | 67/77 | €716 | - | -€716 | |
| Profit (loss) for the period | 9904 | -€27,406 | -€487,022 | -€459,616 | -1,677% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,406 | -€487,022 | -€459,616 | -1,677% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.