THE FACTORY: what changed
What changed
THE FACTORY
NACE 90.391, Promotion and organisation of arts and performing arts events
filed annual accounts (NBB)
Net result for the year
€6.3m
2024 · €2.4m+€3.9m
Equity
€8.8m
2024 · €11.5m-€2.7m
Cash
€18.1m
2024 · €4.7m+€13.4m
Balance sheet total
€18.5m
2024 · €13.5m+€5.0m
Largest movements
Assets
- Cash +€13.4m
up €13.4m (+288%), from €4.7m to €18.1m
mainly Other debts (+€9.0m) and Net result for the year (+€6.3m)
- Current investments -€6.0m
no longer reported in 2025 (was €6.0m)
- Receivables within one year -€2.4m
down €2.4m (-85.0%), from €2.8m to €419,887
of which Trade receivables: -€1.5m
Equity and liabilities
- Other debts +€9.0m
up €9.0m (+517,241,279%), from €2 to €9.0m
- Reserves -€2.7m
down €2.7m (-23.2%), from €11.5m to €8.8m
of which Distributable reserves: -€1.4m
- Trade debts -€1.6m
down €1.6m (-89.4%), from €1.8m to €192,963
- Tax, wage and social debts +€296,433
up €296,433 (+174%), from €170,464 to €466,897
of which Taxes: +€390,949
Income statement
- Turnover +€3.8m
up €3.8m (+9.9%), from €38.0m to €41.8m
- Services and other goods -€2.0m
down €2.0m (-5.9%), from €34.7m to €32.7m
- Taxes +€1.5m
up €1.5m (+229%), from €669,628 to €2.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.4m
Turnover
+€3.8m
Other operating income
+€2,024
Services and other goods
+€2.0m
Staff costs
+€61,290
Other operating charges
-€749
Other operating items
-€30,189
Financial income
-€377,645
Financial charges
-€10,850
Taxes
-€1.5m
Result 2025
€6.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€16.4m
Investment
+€6.0m
Financing
-€9.0m
Cash 2024
€4.7m
From operations (derived)
+€16.4m
Net result for the year
+€6.3m
Receivables within one year
+€2.4m
Deferred charges and accrued income
+€30,083
Trade debts
-€1.6m
Tax, wage and social debts
+€296,433
Other debts
+€9.0m
Investment (derived)
+€6.0m
Current investments
+€6.0m
Financing
-€9.0m
Contributions, distributions and other
-€9.0m
Cash 2025
€18.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,499,388 | €18,496,663 | +€5.0m | +37.0% |
| Current assets | 29/58 | €13,499,388 | €18,496,663 | +€5.0m | +37.0% |
| Amounts receivable within one year | 40/41 | €2,805,442 | €419,887 | -€2.4m | -85.0% |
| Trade receivables | 40 | €1,581,191 | €63,736 | -€1.5m | -96.0% |
| Other amounts receivable | 41 | €1,224,250 | €356,151 | -€868,099 | -70.9% |
| Current investments | 50/53 | €6,000,000 | - | -€6.0m | |
| Other investments | 51/53 | €6,000,000 | - | -€6.0m | |
| Cash at bank and in hand | 54/58 | €4,663,863 | €18,076,776 | +€13.4m | +288% |
| Deferred charges and accrued income | 490/1 | €30,083 | - | -€30,083 | |
| Total equity and liabilities | 10/49 | €13,499,388 | €18,496,663 | +€5.0m | +37.0% |
| Equity | 10/15 | €11,505,318 | €8,836,803 | -€2.7m | -23.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €11,486,768 | €8,818,253 | -€2.7m | -23.2% |
| Non-distributable reserves | 130/1 | €2,382,301 | €1,128,170 | -€1.3m | -52.6% |
| Other | 1319 | €2,382,301 | €1,128,170 | -€1.3m | -52.6% |
| Distributable reserves | 133 | €9,104,467 | €7,690,083 | -€1.4m | -15.5% |
| Amounts payable | 17/49 | €1,994,070 | €9,659,859 | +€7.7m | +384% |
| Amounts payable within one year | 42/48 | €1,994,070 | €9,659,859 | +€7.7m | +384% |
| Trade debts | 44 | €1,823,605 | €192,963 | -€1.6m | -89.4% |
| Suppliers | 440/4 | €1,823,605 | €192,963 | -€1.6m | -89.4% |
| Taxes, remuneration and social security | 45 | €170,464 | €466,897 | +€296,433 | +174% |
| Taxes | 450/3 | €75,948 | €466,897 | +€390,949 | +515% |
| Remuneration and social security | 454/9 | €94,516 | - | -€94,516 | |
| Other amounts payable | 47/48 | €2 | €9,000,000 | +€9.0m | +517,241,279% |
| Operating income | 70/76A | €38,145,902 | €41,859,033 | +€3.7m | +9.7% |
| Turnover | 70 | €38,018,065 | €41,773,800 | +€3.8m | +9.9% |
| Other operating income | 74 | €10,861 | €12,885 | +€2,024 | +18.6% |
| Non-recurring operating income | 76A | €116,977 | €72,349 | -€44,628 | -38.2% |
| Operating charges | 60/66A | €35,381,630 | €33,265,061 | -€2.1m | -6.0% |
| Services and other goods | 61 | €34,719,362 | €32,677,772 | -€2.0m | -5.9% |
| Remuneration, social security and pensions | 62 | €632,275 | €570,984 | -€61,290 | -9.7% |
| Other operating charges | 640/8 | €5,146 | €5,895 | +€749 | +14.6% |
| Non-recurring operating charges | 66A | €24,848 | €10,409 | -€14,439 | -58.1% |
| Operating profit (loss) | 9901 | €2,764,272 | €8,593,972 | +€5.8m | +211% |
| Financial income | 75/76B | €550,620 | €172,974 | -€377,645 | -68.6% |
| Recurring financial income | 75 | €550,620 | €172,974 | -€377,645 | -68.6% |
| Other financial income | 752/9 | €550,620 | €172,974 | -€377,645 | -68.6% |
| Financial charges | 65/66B | €219,873 | €230,723 | +€10,850 | +4.9% |
| Recurring financial charges | 65 | €219,873 | €230,723 | +€10,850 | +4.9% |
| Other financial charges | 652/9 | €219,873 | €230,723 | +€10,850 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €3,095,019 | €8,536,224 | +€5.4m | +176% |
| Income taxes | 67/77 | €669,628 | €2,204,738 | +€1.5m | +229% |
| Taxes | 670/3 | €669,628 | €2,204,738 | +€1.5m | +229% |
| Profit (loss) for the period | 9904 | €2,425,391 | €6,331,486 | +€3.9m | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €2,425,391 | €6,331,486 | +€3.9m | +161% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.