FESTIVO: 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.
FESTIVO
Largest movements
- Receivables within one year -€1,987
down €1,987 (-29.8%), from €6,671 to €4,684
of which Trade receivables: -€1,605
- Cash -€542
down €542 (-87.7%), from €618 to €76
mainly Other debts (-€21,816) and Advances received (-€1,941)
- Other debts -€21,816
down €21,816 (-25.6%), from €85,174 to €63,358
- Profit (loss) carried forward +€19,735
up €19,735 (+20.0%), from -€98,708 to -€78,974
- Advances received -€1,941
no longer reported in 2025 (was €1,941)
- Tax, wage and social debts +€1,034
new in 2025: €1,034
- Trade debts +€461
up €461 (+36.5%), from €1,264 to €1,725
- Gross operating margin +€20,343
up €20,343, from -€178 to €20,165
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 | €8,263 | €5,735 | -€2,529 | -30.6% |
| Fixed assets | 21/28 | €975 | €975 | = | 0.0% |
| Financial fixed assets | 28 | €975 | €975 | = | 0.0% |
| Current assets | 29/58 | €7,288 | €4,760 | -€2,529 | -34.7% |
| Amounts receivable within one year | 40/41 | €6,671 | €4,684 | -€1,987 | -29.8% |
| Trade receivables | 40 | €6,288 | €4,684 | -€1,605 | -25.5% |
| Other amounts receivable | 41 | €383 | - | -€383 | |
| Cash at bank and in hand | 54/58 | €618 | €76 | -€542 | -87.7% |
| Total equity and liabilities | 10/49 | €8,263 | €5,735 | -€2,529 | -30.6% |
| Equity | 10/15 | -€80,116 | -€60,382 | +€19,735 | +24.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,708 | -€78,974 | +€19,735 | +20.0% |
| Amounts payable | 17/49 | €88,380 | €66,116 | -€22,263 | -25.2% |
| Amounts payable within one year | 42/48 | €88,380 | €66,116 | -€22,263 | -25.2% |
| Trade debts | 44 | €1,264 | €1,725 | +€461 | +36.5% |
| Suppliers | 440/4 | €1,264 | €1,725 | +€461 | +36.5% |
| Advances received on contracts in progress | 46 | €1,941 | - | -€1,941 | |
| Taxes, remuneration and social security | 45 | - | €1,034 | +€1,034 | |
| Taxes | 450/3 | - | €1,034 | +€1,034 | |
| Other amounts payable | 47/48 | €85,174 | €63,358 | -€21,816 | -25.6% |
| Other operating charges | 640/8 | €257 | €234 | -€23 | -8.8% |
| Gross operating margin | 9900 | -€178 | €20,165 | +€20,343 | |
| Operating profit (loss) | 9901 | -€435 | €19,931 | +€20,365 | |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €165 | €196 | +€31 | +18.6% |
| Recurring financial charges | 65 | €165 | €196 | +€31 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€577 | €19,735 | +€20,312 | |
| Profit (loss) for the period | 9904 | -€577 | €19,735 | +€20,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€577 | €19,735 | +€20,312 |
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 10 October 2026 via checked.be.