FESTIVARIA: 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.
FESTIVARIA
Largest movements
- Deferred charges and accrued income +€50,462
up €50,462 (+4,519%), from €1,117 to €51,578
- Cash -€39,563
down €39,563 (-16.3%), from €242,012 to €202,449
mainly Deferred charges and accrued income (-€50,462) and Trade debts (-€26,272)
- Tangible fixed assets -€26,493
down €26,493 (-5.7%), from €461,379 to €434,886
of which Land and buildings: -€23,278
- Receivables within one year -€8,810
down €8,810 (-98.1%), from €8,979 to €169
of which Other amounts receivable: -€5,180
- Trade debts -€26,272
down €26,272 (-94.3%), from €27,867 to €1,596
- Reserves +€19,906
up €19,906 (+4.0%), from €495,998 to €515,905
of which Distributable reserves: +€19,906
- Debts after one year -€15,269
down €15,269 (-25.7%), from €59,454 to €44,184
- Other debts -€11,370
down €11,370 (-33.3%), from €34,120 to €22,750
- Tax, wage and social debts +€8,409
up €8,409 (+59,428%), from €14 to €8,423
- Gross operating margin -€95,519
down €95,519 (-78.9%), from €121,106 to €25,587
- Provisions -€50,073
down €50,073, from €23,579 to -€26,493
- Taxes -€9,691
down €9,691 (-58.1%), from €16,675 to €6,984
- Other operating charges -€5,975
no longer reported in 2025 (was €5,975)
- Depreciation +€2,486
up €2,486 (+10.4%), from €24,007 to €26,493
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 | €735,622 | €711,217 | -€24,405 | -3.3% |
| Fixed assets | 21/28 | €461,514 | €435,021 | -€26,493 | -5.7% |
| Tangible fixed assets | 22/27 | €461,379 | €434,886 | -€26,493 | -5.7% |
| Land and buildings | 22 | €445,832 | €422,554 | -€23,278 | -5.2% |
| Plant, machinery and equipment | 23 | €25 | - | -€25 | |
| Furniture and vehicles | 24 | €15,523 | €12,332 | -€3,191 | -20.6% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €274,108 | €276,196 | +€2,088 | +0.8% |
| Amounts receivable within one year | 40/41 | €8,979 | €169 | -€8,810 | -98.1% |
| Trade receivables | 40 | €3,630 | - | -€3,630 | |
| Other amounts receivable | 41 | €5,349 | €169 | -€5,180 | -96.8% |
| Current investments | 50/53 | €22,000 | €22,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €242,012 | €202,449 | -€39,563 | -16.3% |
| Deferred charges and accrued income | 490/1 | €1,117 | €51,578 | +€50,462 | +4,519% |
| Total equity and liabilities | 10/49 | €735,622 | €711,217 | -€24,405 | -3.3% |
| Equity | 10/15 | €595,998 | €615,905 | +€19,906 | +3.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €495,998 | €515,905 | +€19,906 | +4.0% |
| Non-distributable reserves | 130/1 | €32,000 | €32,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Own shares acquired | 1312 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €463,998 | €483,905 | +€19,906 | +4.3% |
| Amounts payable | 17/49 | €139,624 | €95,312 | -€44,312 | -31.7% |
| Amounts payable after more than one year | 17 | €59,454 | €44,184 | -€15,269 | -25.7% |
| Financial debts | 170/4 | €59,454 | €44,184 | -€15,269 | -25.7% |
| Amounts payable within one year | 42/48 | €77,105 | €48,038 | -€29,066 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €15,103 | €15,269 | +€167 | +1.1% |
| Trade debts | 44 | €27,867 | €1,596 | -€26,272 | -94.3% |
| Suppliers | 440/4 | €27,867 | €1,596 | -€26,272 | -94.3% |
| Taxes, remuneration and social security | 45 | €14 | €8,423 | +€8,409 | +59,428% |
| Taxes | 450/3 | €14 | €8,423 | +€8,409 | +59,428% |
| Other amounts payable | 47/48 | €34,120 | €22,750 | -€11,370 | -33.3% |
| Accrued charges and deferred income | 492/3 | €3,066 | €3,089 | +€24 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,007 | €26,493 | +€2,486 | +10.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,579 | -€26,493 | -€50,073 | |
| Other operating charges | 640/8 | €5,975 | - | -€5,975 | |
| Gross operating margin | 9900 | €121,106 | €25,587 | -€95,519 | -78.9% |
| Operating profit (loss) | 9901 | €67,545 | €25,587 | -€41,958 | -62.1% |
| Financial income | 75/76B | €706 | €1,304 | +€597 | +84.6% |
| Recurring financial income | 75 | €706 | €1,304 | +€597 | +84.6% |
| Financial charges | 65/66B | €2,415 | - | -€2,415 | |
| Recurring financial charges | 65 | €2,415 | - | -€2,415 | |
| Profit (loss) for the period before taxes | 9903 | €65,836 | €26,890 | -€38,946 | -59.2% |
| Income taxes | 67/77 | €16,675 | €6,984 | -€9,691 | -58.1% |
| Profit (loss) for the period | 9904 | €49,161 | €19,906 | -€29,255 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,161 | €19,906 | -€29,255 | -59.5% |
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 19 October 2026 via checked.be.