FESTUM: what changed
Two fiscal 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.
FESTUM
Largest movements
- Receivables after one year -€364,302
down €364,302 (-100.0%), from €364,302 to €0
- Cash +€65,723
up €65,723 (+286.2%), from €22,968 to €88,692
mainly Receivables after one year (+€364,302) and Net result for the year (+€92,572)
- Tangible fixed assets -€16,230
down €16,230 (-3.8%), from €431,778 to €415,548
of which Land and buildings: -€18,334
- Receivables within one year +€9,904
up €9,904 (+31.7%), from €31,223 to €41,127
of which Trade receivables: +€15,611
- Reserves -€229,000
down €229,000 (-96.6%), from €237,000 to €8,000
- Debts after one year -€123,860
down €123,860 (-23.4%), from €530,431 to €406,572
of which Other amounts payable: -€79,543
- Tax, wage and social debts +€51,618
up €51,618 (+13835.3%), from €373 to €51,991
of which Taxes: +€48,300
- Other debts -€15,974
down €15,974 (-100.0%), from €15,974 to €0
- Accrued charges and deferred income +€11,691
up €11,691 (+317.5%), from €3,683 to €15,374
- Gross operating margin +€101,918
up €101,918 (+184.0%), from €55,376 to €157,293
- Taxes +€23,184
up €23,184 (+977.0%), from €2,373 to €25,558
- Financial charges +€12,125
up €12,125 (+110.9%), from €10,931 to €23,056
- Other operating charges -€10,903
down €10,903 (-90.9%), from €11,998 to €1,095
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 | €853,029 | €555,259 | -€297,770 | -34.9% |
| Fixed assets | 21/28 | €431,778 | €415,548 | -€16,230 | -3.8% |
| Tangible fixed assets | 22/27 | €431,778 | €415,548 | -€16,230 | -3.8% |
| Land and buildings | 22 | €429,398 | €411,064 | -€18,334 | -4.3% |
| Plant, machinery and equipment | 23 | - | €3,750 | +€3,750 | |
| Furniture and vehicles | 24 | €2,380 | €735 | -€1,645 | -69.1% |
| Current assets | 29/58 | €421,250 | €139,711 | -€281,539 | -66.8% |
| Amounts receivable after more than one year | 29 | €364,302 | €0 | -€364,302 | -100.0% |
| Trade receivables | 290 | €364,302 | €0 | -€364,302 | -100.0% |
| Amounts receivable within one year | 40/41 | €31,223 | €41,127 | +€9,904 | +31.7% |
| Trade receivables | 40 | €24,073 | €39,685 | +€15,611 | +64.8% |
| Other amounts receivable | 41 | €7,150 | €1,443 | -€5,707 | -79.8% |
| Cash at bank and in hand | 54/58 | €22,968 | €88,692 | +€65,723 | +286.2% |
| Deferred charges and accrued income | 490/1 | €2,757 | €9,892 | +€7,135 | +258.8% |
| Total equity and liabilities | 10/49 | €853,029 | €555,259 | -€297,770 | -34.9% |
| Equity | 10/15 | €257,555 | €28,127 | -€229,428 | -89.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €237,000 | €8,000 | -€229,000 | -96.6% |
| Distributable reserves | 133 | €237,000 | €8,000 | -€229,000 | -96.6% |
| Profit (loss) carried forward | 14 | €555 | €127 | -€428 | -77.1% |
| Amounts payable | 17/49 | €595,474 | €527,132 | -€68,342 | -11.5% |
| Amounts payable after more than one year | 17 | €530,431 | €406,572 | -€123,860 | -23.4% |
| Financial debts | 170/4 | €330,431 | €286,114 | -€44,317 | -13.4% |
| Other amounts payable | 178/9 | €200,000 | €120,457 | -€79,543 | -39.8% |
| Amounts payable within one year | 42/48 | €61,360 | €105,186 | +€43,827 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €43,503 | €44,317 | +€814 | +1.9% |
| Trade debts | 44 | €1,509 | €8,878 | +€7,369 | +488.2% |
| Suppliers | 440/4 | €1,509 | €8,878 | +€7,369 | +488.2% |
| Taxes, remuneration and social security | 45 | €373 | €51,991 | +€51,618 | +13835.3% |
| Taxes | 450/3 | €373 | €48,673 | +€48,300 | +12945.9% |
| Remuneration and social security | 454/9 | - | €3,318 | +€3,318 | |
| Other amounts payable | 47/48 | €15,974 | €0 | -€15,974 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,683 | €15,374 | +€11,691 | +317.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,916 | €20,477 | -€440 | -2.1% |
| Other operating charges | 640/8 | €11,998 | €1,095 | -€10,903 | -90.9% |
| Gross operating margin | 9900 | €55,376 | €157,293 | +€101,918 | +184.0% |
| Operating profit (loss) | 9901 | €22,461 | €135,722 | +€113,261 | +504.3% |
| Financial income | 75/76B | €5,384 | €5,465 | +€81 | +1.5% |
| Recurring financial income | 75 | €5,384 | €5,465 | +€81 | +1.5% |
| Financial charges | 65/66B | €10,931 | €23,056 | +€12,125 | +110.9% |
| Recurring financial charges | 65 | €10,931 | €23,056 | +€12,125 | +110.9% |
| Profit (loss) for the period before taxes | 9903 | €16,914 | €118,130 | +€101,216 | +598.4% |
| Income taxes | 67/77 | €2,373 | €25,558 | +€23,184 | +977.0% |
| Profit (loss) for the period | 9904 | €14,541 | €92,572 | +€78,032 | +536.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,541 | €92,572 | +€78,032 | +536.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.