FESTIN: 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.
FESTIN
Largest movements
- Receivables within one year +€63,774
up €63,774 (+18.9%), from €337,127 to €400,901
of which Trade receivables: +€64,199
- Tangible fixed assets -€18,243
down €18,243 (-16.9%), from €107,909 to €89,666
of which Furniture and vehicles: -€12,508
- Stocks and contracts -€10,768
down €10,768 (-17.9%), from €60,117 to €49,349
- Cash -€7,747
down €7,747 (-7.8%), from €99,029 to €91,282
mainly Contributions, distributions and other (-€132,000) and Trade debts (-€83,950)
- Other debts +€127,000
up €127,000 (+373419.6%), from €34 to €127,034
- Trade debts -€83,950
down €83,950 (-29.6%), from €283,649 to €199,699
- Tax, wage and social debts -€21,947
down €21,947 (-42.1%), from €52,118 to €30,171
of which Remuneration and social security: -€33,766
- Debts after one year -€17,380
down €17,380 (-43.0%), from €40,432 to €23,052
- Current portion of long-term debt +€11,258
up €11,258 (+25.6%), from €43,917 to €55,174
- Gross operating margin +€92,629
up €92,629 (+22.8%), from €405,874 to €498,503
- Staff costs -€55,831
down €55,831 (-17.3%), from €323,285 to €267,454
- Other operating charges +€21,780
up €21,780 (+695.4%), from €3,132 to €24,912
- Taxes +€21,535
up €21,535 (+392.8%), from €5,482 to €27,017
- Write-downs -€21,228
no longer reported in 2025 (was €21,228)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,414 | €633,208 | +€24,794 | +4.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €108,977 | €89,666 | -€19,311 | -17.7% |
| Tangible fixed assets | 22/27 | €107,909 | €89,666 | -€18,243 | -16.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €34,044 | €28,309 | -€5,735 | -16.8% |
| Furniture and vehicles | 24 | €73,865 | €61,357 | -€12,508 | -16.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,068 | - | -€1,068 | |
| Current assets | 29/58 | €499,437 | €543,542 | +€44,105 | +8.8% |
| Stocks and contracts in progress | 3 | €60,117 | €49,349 | -€10,768 | -17.9% |
| Stocks | 30/36 | €60,117 | €49,349 | -€10,768 | -17.9% |
| Amounts receivable within one year | 40/41 | €337,127 | €400,901 | +€63,774 | +18.9% |
| Trade receivables | 40 | €335,937 | €400,136 | +€64,199 | +19.1% |
| Other amounts receivable | 41 | €1,190 | €765 | -€425 | -35.7% |
| Cash at bank and in hand | 54/58 | €99,029 | €91,282 | -€7,747 | -7.8% |
| Deferred charges and accrued income | 490/1 | €3,164 | €2,010 | -€1,154 | -36.5% |
| Total equity and liabilities | 10/49 | €608,414 | €633,208 | +€24,794 | +4.1% |
| Equity | 10/15 | €188,264 | €197,982 | +€9,718 | +5.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €169,695 | €177,057 | +€7,361 | +4.3% |
| Distributable reserves | 133 | €169,695 | €177,057 | +€7,361 | +4.3% |
| Profit (loss) carried forward | 14 | €19 | €2,376 | +€2,357 | +12178.4% |
| Amounts payable | 17/49 | €420,149 | €435,225 | +€15,076 | +3.6% |
| Amounts payable after more than one year | 17 | €40,432 | €23,052 | -€17,380 | -43.0% |
| Financial debts | 170/4 | €40,432 | €23,052 | -€17,380 | -43.0% |
| Amounts payable within one year | 42/48 | €379,717 | €412,174 | +€32,456 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €43,917 | €55,174 | +€11,258 | +25.6% |
| Financial debts | 43 | - | €96 | +€96 | |
| Credit institutions | 430/8 | - | €96 | +€96 | |
| Trade debts | 44 | €283,649 | €199,699 | -€83,950 | -29.6% |
| Suppliers | 440/4 | €283,649 | €199,699 | -€83,950 | -29.6% |
| Taxes, remuneration and social security | 45 | €52,118 | €30,171 | -€21,947 | -42.1% |
| Taxes | 450/3 | €570 | €12,389 | +€11,819 | +2072.0% |
| Remuneration and social security | 454/9 | €51,547 | €17,782 | -€33,766 | -65.5% |
| Other amounts payable | 47/48 | €34 | €127,034 | +€127,000 | +373419.6% |
| Remuneration, social security and pensions | 62 | €323,285 | €267,454 | -€55,831 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,845 | €32,608 | -€8,237 | -20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,228 | - | -€21,228 | |
| Other operating charges | 640/8 | €3,132 | €24,912 | +€21,780 | +695.4% |
| Gross operating margin | 9900 | €405,874 | €498,503 | +€92,629 | +22.8% |
| Operating profit (loss) | 9901 | €17,384 | €173,529 | +€156,145 | +898.2% |
| Financial income | 75/76B | €526 | €0 | -€526 | -100.0% |
| Recurring financial income | 75 | €526 | €0 | -€526 | -100.0% |
| Financial charges | 65/66B | €7,198 | €4,794 | -€2,405 | -33.4% |
| Recurring financial charges | 65 | €7,198 | €4,794 | -€2,405 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €10,712 | €168,735 | +€158,023 | +1475.2% |
| Income taxes | 67/77 | €5,482 | €27,017 | +€21,535 | +392.8% |
| Profit (loss) for the period | 9904 | €5,229 | €141,718 | +€136,488 | +2610.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,229 | €141,718 | +€136,488 | +2610.0% |
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 11 October 2026 via checked.be.