FESTOOL BELGIUM: 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.
FESTOOL BELGIUM
Largest movements
- Tangible fixed assets -€291,257
down €291,257 (-6.0%), from €4.9m to €4.6m
of which Land and buildings: -€237,991
- Receivables within one year -€147,456
down €147,456 (-27.9%), from €527,743 to €380,287
of which Other amounts receivable: -€430,830
- Stocks and contracts +€72,210
up €72,210 (+97.0%), from €74,450 to €146,660
- Other debts +€412,162
new in 2025: €412,162
- Debts after one year -€400,000
down €400,000 (-33.3%), from €1.2m to €800,000
- Trade debts -€346,516
down €346,516 (-44.6%), from €777,728 to €431,212
- Tax, wage and social debts -€179,970
down €179,970 (-36.0%), from €500,519 to €320,549
of which Remuneration and social security: -€179,974
- Profit (loss) carried forward +€150,962
up €150,962 (+6.0%), from €2.5m to €2.7m
- Gross operating margin -€371,000
down €371,000 (-11.2%), from €3.3m to €2.9m
- Staff costs -€216,722
down €216,722 (-8.6%), from €2.5m to €2.3m
- Depreciation -€40,674
down €40,674 (-10.8%), from €374,951 to €334,277
- Taxes -€34,131
down €34,131 (-31.7%), from €107,633 to €73,502
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 | €5,494,745 | €5,131,383 | -€363,363 | -6.6% |
| Fixed assets | 21/28 | €4,851,192 | €4,559,936 | -€291,257 | -6.0% |
| Tangible fixed assets | 22/27 | €4,851,192 | €4,559,936 | -€291,257 | -6.0% |
| Land and buildings | 22 | €4,587,996 | €4,350,005 | -€237,991 | -5.2% |
| Plant, machinery and equipment | 23 | €214,077 | €175,181 | -€38,895 | -18.2% |
| Furniture and vehicles | 24 | €38,545 | €24,174 | -€14,370 | -37.3% |
| Assets under construction and advance payments | 27 | €10,575 | €10,575 | = | 0.0% |
| Current assets | 29/58 | €643,553 | €571,447 | -€72,106 | -11.2% |
| Stocks and contracts in progress | 3 | €74,450 | €146,660 | +€72,210 | +97.0% |
| Stocks | 30/36 | €74,450 | €146,660 | +€72,210 | +97.0% |
| Amounts receivable within one year | 40/41 | €527,743 | €380,287 | -€147,456 | -27.9% |
| Trade receivables | 40 | €81,241 | €364,616 | +€283,374 | +349% |
| Other amounts receivable | 41 | €446,501 | €15,671 | -€430,830 | -96.5% |
| Cash at bank and in hand | 54/58 | €116 | €116 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €41,244 | €44,384 | +€3,140 | +7.6% |
| Total equity and liabilities | 10/49 | €5,494,745 | €5,131,383 | -€363,363 | -6.6% |
| Equity | 10/15 | €2,616,498 | €2,767,460 | +€150,962 | +5.8% |
| 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 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,506,498 | €2,657,460 | +€150,962 | +6.0% |
| Amounts payable | 17/49 | €2,878,247 | €2,363,922 | -€514,325 | -17.9% |
| Amounts payable after more than one year | 17 | €1,200,000 | €800,000 | -€400,000 | -33.3% |
| Financial debts | 170/4 | €1,200,000 | €800,000 | -€400,000 | -33.3% |
| Amounts payable within one year | 42/48 | €1,678,247 | €1,563,922 | -€114,325 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €777,728 | €431,212 | -€346,516 | -44.6% |
| Suppliers | 440/4 | €777,728 | €431,212 | -€346,516 | -44.6% |
| Taxes, remuneration and social security | 45 | €500,519 | €320,549 | -€179,970 | -36.0% |
| Taxes | 450/3 | €0 | €3 | +€3 | |
| Remuneration and social security | 454/9 | €500,519 | €320,546 | -€179,974 | -36.0% |
| Other amounts payable | 47/48 | - | €412,162 | +€412,162 | |
| Non-recurring operating income | 76A | €2,067 | €8,272 | +€6,205 | +300% |
| Remuneration, social security and pensions | 62 | €2,522,549 | €2,305,827 | -€216,722 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374,951 | €334,277 | -€40,674 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€857 | €8,023 | +€8,880 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €19,860 | €20,483 | +€623 | +3.1% |
| Non-recurring operating charges | 66A | - | €4,360 | +€4,360 | |
| Gross operating margin | 9900 | €3,308,159 | €2,937,159 | -€371,000 | -11.2% |
| Operating profit (loss) | 9901 | €391,656 | €264,188 | -€127,467 | -32.5% |
| Financial income | 75/76B | €19,023 | €1,159 | -€17,864 | -93.9% |
| Recurring financial income | 75 | €19,023 | €1,159 | -€17,864 | -93.9% |
| Financial charges | 65/66B | €45,361 | €40,883 | -€4,478 | -9.9% |
| Recurring financial charges | 65 | €45,361 | €40,883 | -€4,478 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €365,317 | €224,464 | -€140,854 | -38.6% |
| Income taxes | 67/77 | €107,633 | €73,502 | -€34,131 | -31.7% |
| Profit (loss) for the period | 9904 | €257,684 | €150,962 | -€106,723 | -41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €257,684 | €150,962 | -€106,723 | -41.4% |
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 17 October 2026 via checked.be.