FESTRAETS: 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.
FESTRAETS
Largest movements
- Cash +€78,813
up €78,813 (+13.4%), from €586,006 to €664,819
mainly Net result for the year (+€67,349) and Receivables within one year (+€8,351)
- Profit (loss) carried forward +€67,349
up €67,349 (+9.8%), from €685,834 to €753,183
- Depreciation -€28,661
down €28,661 (-91.0%), from €31,513 to €2,852
- Taxes +€8,695
up €8,695 (+60.9%), from €14,281 to €22,976
- Gross operating margin +€6,819
up €6,819 (+6.5%), from €104,459 to €111,279
- Other operating charges +€2,196
up €2,196 (+5.6%), from €39,490 to €41,687
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 | €1,603,829 | €1,672,181 | +€68,352 | +4.3% |
| Fixed assets | 21/28 | €477,980 | €475,128 | -€2,852 | -0.6% |
| Tangible fixed assets | 22/27 | €477,980 | €475,128 | -€2,852 | -0.6% |
| Land and buildings | 22 | €477,980 | €475,128 | -€2,852 | -0.6% |
| Current assets | 29/58 | €1,125,849 | €1,197,053 | +€71,204 | +6.3% |
| Amounts receivable within one year | 40/41 | €60,066 | €51,715 | -€8,351 | -13.9% |
| Other amounts receivable | 41 | €60,066 | €51,715 | -€8,351 | -13.9% |
| Current investments | 50/53 | €450,663 | €450,663 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €586,006 | €664,819 | +€78,813 | +13.4% |
| Deferred charges and accrued income | 490/1 | €29,114 | €29,855 | +€742 | +2.5% |
| Total equity and liabilities | 10/49 | €1,603,829 | €1,672,181 | +€68,352 | +4.3% |
| Equity | 10/15 | €1,523,972 | €1,591,321 | +€67,349 | +4.4% |
| Contributions | 10/11 | €771,000 | €771,000 | = | 0.0% |
| Capital | 10 | €771,000 | - | -€771,000 | |
| Issued capital | 100 | €771,000 | - | -€771,000 | |
| Reserves | 13 | €67,138 | €67,138 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63,438 | - | -€63,438 | |
| Legal reserve | 130 | €63,438 | - | -€63,438 | |
| Tax-exempt reserves | 132 | €3,700 | €3,700 | = | 0.0% |
| Distributable reserves | 133 | - | €63,438 | +€63,438 | |
| Profit (loss) carried forward | 14 | €685,834 | €753,183 | +€67,349 | +9.8% |
| Amounts payable | 17/49 | €79,858 | €80,861 | +€1,003 | +1.3% |
| Amounts payable within one year | 42/48 | €79,858 | €80,561 | +€703 | +0.9% |
| Trade debts | 44 | €38,785 | €40,255 | +€1,470 | +3.8% |
| Suppliers | 440/4 | €38,785 | €40,255 | +€1,470 | +3.8% |
| Other amounts payable | 47/48 | €41,073 | €40,306 | -€767 | -1.9% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,513 | €2,852 | -€28,661 | -91.0% |
| Other operating charges | 640/8 | €39,490 | €41,687 | +€2,196 | +5.6% |
| Gross operating margin | 9900 | €104,459 | €111,279 | +€6,819 | +6.5% |
| Operating profit (loss) | 9901 | €33,456 | €66,740 | +€33,285 | +99.5% |
| Financial income | 75/76B | €23,243 | €23,762 | +€520 | +2.2% |
| Recurring financial income | 75 | €23,243 | €23,762 | +€520 | +2.2% |
| Financial charges | 65/66B | €164 | €177 | +€13 | +7.7% |
| Recurring financial charges | 65 | €164 | €177 | +€13 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €56,534 | €90,326 | +€33,792 | +59.8% |
| Income taxes | 67/77 | €14,281 | €22,976 | +€8,695 | +60.9% |
| Profit (loss) for the period | 9904 | €42,253 | €67,349 | +€25,096 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,253 | €67,349 | +€25,096 | +59.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.