FESTIVAL FISH: 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.
FESTIVAL FISH
Largest movements
- Receivables within one year -€45,887
down €45,887 (-90.9%), from €50,473 to €4,587
of which Trade receivables: -€49,485
- Cash -€23,706
down €23,706 (-64.4%), from €36,836 to €13,131
mainly Trade debts (-€58,894) and Debts after one year (-€22,573)
- Tangible fixed assets -€11,378
down €11,378 (-2.8%), from €407,193 to €395,815
of which Land and buildings: -€17,960
- Trade debts -€58,894
down €58,894 (-94.1%), from €62,593 to €3,700
- Current portion of long-term debt +€34,741
up €34,741 (+51.8%), from €67,110 to €101,852
- Debts after one year -€22,573
down €22,573 (-16.3%), from €138,856 to €116,283
of which Financial debts: -€22,573
- Tax, wage and social debts -€17,195
down €17,195 (-99.1%), from €17,343 to €148
- Profit (loss) carried forward -€15,113
down €15,113 (-8.6%), from €176,469 to €161,356
- Gross operating margin +€19,911
up €19,911 (+103%), from €19,302 to €39,213
- Taxes -€14,973
down €14,973 (-99.0%), from €15,122 to €148
- Financial income -€12,965
down €12,965 (-97.0%), from €13,372 to €407
of which Non-recurring financial income: -€13,016
- Depreciation +€6,592
up €6,592 (+26.8%), from €24,561 to €31,153
- Other operating charges +€4,401
up €4,401 (+28.9%), from €15,240 to €19,641
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 | €495,372 | €414,402 | -€80,971 | -16.3% |
| Fixed assets | 21/28 | €408,063 | €396,685 | -€11,378 | -2.8% |
| Tangible fixed assets | 22/27 | €407,193 | €395,815 | -€11,378 | -2.8% |
| Land and buildings | 22 | €397,791 | €379,831 | -€17,960 | -4.5% |
| Plant, machinery and equipment | 23 | €9,401 | €2,800 | -€6,601 | -70.2% |
| Furniture and vehicles | 24 | - | €13,183 | +€13,183 | |
| Financial fixed assets | 28 | €870 | €870 | = | 0.0% |
| Current assets | 29/58 | €87,310 | €17,717 | -€69,593 | -79.7% |
| Amounts receivable within one year | 40/41 | €50,473 | €4,587 | -€45,887 | -90.9% |
| Trade receivables | 40 | €49,485 | - | -€49,485 | |
| Other amounts receivable | 41 | €989 | €4,587 | +€3,598 | +364% |
| Cash at bank and in hand | 54/58 | €36,836 | €13,131 | -€23,706 | -64.4% |
| Total equity and liabilities | 10/49 | €495,372 | €414,402 | -€80,971 | -16.3% |
| Equity | 10/15 | €205,920 | €190,807 | -€15,113 | -7.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,859 | €10,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,859 | - | -€10,859 | |
| Reserves not available under the articles | 1311 | €10,859 | - | -€10,859 | |
| Distributable reserves | 133 | - | €10,859 | +€10,859 | |
| Profit (loss) carried forward | 14 | €176,469 | €161,356 | -€15,113 | -8.6% |
| Amounts payable | 17/49 | €289,452 | €223,595 | -€65,858 | -22.8% |
| Amounts payable after more than one year | 17 | €138,856 | €116,283 | -€22,573 | -16.3% |
| Financial debts | 170/4 | €135,356 | €112,783 | -€22,573 | -16.7% |
| Other amounts payable | 178/9 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,596 | €107,311 | -€43,285 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €67,110 | €101,852 | +€34,741 | +51.8% |
| Trade debts | 44 | €62,593 | €3,700 | -€58,894 | -94.1% |
| Suppliers | 440/4 | €62,593 | €3,700 | -€58,894 | -94.1% |
| Taxes, remuneration and social security | 45 | €17,343 | €148 | -€17,195 | -99.1% |
| Taxes | 450/3 | €17,343 | €148 | -€17,195 | -99.1% |
| Other amounts payable | 47/48 | €3,549 | €1,612 | -€1,937 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,561 | €31,153 | +€6,592 | +26.8% |
| Other operating charges | 640/8 | €15,240 | €19,641 | +€4,401 | +28.9% |
| Gross operating margin | 9900 | €19,302 | €39,213 | +€19,911 | +103% |
| Operating profit (loss) | 9901 | -€20,499 | -€11,581 | +€8,918 | +43.5% |
| Financial income | 75/76B | €13,372 | €407 | -€12,965 | -97.0% |
| Recurring financial income | 75 | €50 | €100 | +€50 | +102% |
| Non-recurring financial income | 76B | €13,323 | €307 | -€13,016 | -97.7% |
| Financial charges | 65/66B | €3,825 | €3,790 | -€35 | -0.9% |
| Recurring financial charges | 65 | €3,825 | €3,790 | -€35 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,952 | -€14,965 | -€4,013 | -36.6% |
| Income taxes | 67/77 | €15,122 | €148 | -€14,973 | -99.0% |
| Profit (loss) for the period | 9904 | -€26,073 | -€15,113 | +€10,961 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,073 | -€15,113 | +€10,961 | +42.0% |
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 22 October 2026 via checked.be.