CHIVINA: 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.
CHIVINA
Largest movements
- Receivables within one year +€17,560
up €17,560 (+12.5%), from €140,685 to €158,245
of which Other amounts receivable: +€16,776
- Tangible fixed assets -€14,793
down €14,793 (-26.9%), from €54,958 to €40,165
of which Furniture and vehicles: -€17,944
- Cash +€11,560
up €11,560 (+67.0%), from €17,264 to €28,824
mainly Net result for the year (+€25,298) and Depreciation (+€20,793)
- Reserves +€25,298
up €25,298 (+17.7%), from €143,311 to €168,609
of which Distributable reserves: +€25,298
- Debts after one year +€10,558
up €10,558 (+10.6%), from €99,905 to €110,464
of which Other amounts payable: +€19,040
- Current portion of long-term debt -€10,501
down €10,501 (-45.5%), from €23,099 to €12,597
- Staff costs -€12,952
down €12,952 (-10.1%), from €128,149 to €115,197
- Gross operating margin -€9,975
down €9,975 (-4.7%), from €210,116 to €200,141
- Taxes +€3,516
up €3,516 (+30.6%), from €11,499 to €15,015
- Financial income +€2,417
up €2,417 (+96.8%), from €2,498 to €4,915
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,217 | €767,205 | +€16,987 | +2.3% |
| Fixed assets | 21/28 | €554,958 | €540,165 | -€14,793 | -2.7% |
| Tangible fixed assets | 22/27 | €54,958 | €40,165 | -€14,793 | -26.9% |
| Plant, machinery and equipment | 23 | €4,924 | €3,058 | -€1,867 | -37.9% |
| Furniture and vehicles | 24 | €47,023 | €29,079 | -€17,944 | -38.2% |
| Other tangible fixed assets | 26 | €3,011 | €8,028 | +€5,017 | +167% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €195,260 | €227,040 | +€31,781 | +16.3% |
| Stocks and contracts in progress | 3 | €37,236 | €38,526 | +€1,290 | +3.5% |
| Stocks | 30/36 | €37,236 | €38,526 | +€1,290 | +3.5% |
| Amounts receivable within one year | 40/41 | €140,685 | €158,245 | +€17,560 | +12.5% |
| Trade receivables | 40 | €82,631 | €83,415 | +€784 | +0.9% |
| Other amounts receivable | 41 | €58,054 | €74,830 | +€16,776 | +28.9% |
| Cash at bank and in hand | 54/58 | €17,264 | €28,824 | +€11,560 | +67.0% |
| Deferred charges and accrued income | 490/1 | €75 | €1,445 | +€1,370 | +1,831% |
| Total equity and liabilities | 10/49 | €750,217 | €767,205 | +€16,987 | +2.3% |
| Equity | 10/15 | €179,331 | €203,732 | +€24,400 | +13.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,311 | €168,609 | +€25,298 | +17.7% |
| Non-distributable reserves | 130/1 | €1,623 | €1,623 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,623 | €1,623 | = | 0.0% |
| Distributable reserves | 133 | €141,688 | €166,986 | +€25,298 | +17.9% |
| Profit (loss) carried forward | 14 | €17,420 | €16,523 | -€898 | -5.2% |
| Amounts payable | 17/49 | €570,886 | €563,473 | -€7,413 | -1.3% |
| Amounts payable after more than one year | 17 | €99,905 | €110,464 | +€10,558 | +10.6% |
| Financial debts | 170/4 | €8,482 | - | -€8,482 | |
| Other amounts payable | 178/9 | €91,423 | €110,464 | +€19,040 | +20.8% |
| Amounts payable within one year | 42/48 | €468,481 | €450,510 | -€17,971 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €23,099 | €12,597 | -€10,501 | -45.5% |
| Financial debts | 43 | €1,543 | - | -€1,543 | |
| Credit institutions | 430/8 | €1,543 | - | -€1,543 | |
| Trade debts | 44 | €150,069 | €146,084 | -€3,985 | -2.7% |
| Suppliers | 440/4 | €150,069 | €146,084 | -€3,985 | -2.7% |
| Taxes, remuneration and social security | 45 | €68,064 | €66,059 | -€2,005 | -2.9% |
| Taxes | 450/3 | €23,459 | €19,342 | -€4,117 | -17.6% |
| Remuneration and social security | 454/9 | €44,605 | €46,717 | +€2,113 | +4.7% |
| Other amounts payable | 47/48 | €225,705 | €225,769 | +€64 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €128,149 | €115,197 | -€12,952 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,906 | €20,793 | -€113 | -0.5% |
| Other operating charges | 640/8 | €4,061 | €2,217 | -€1,844 | -45.4% |
| Gross operating margin | 9900 | €210,116 | €200,141 | -€9,975 | -4.7% |
| Operating profit (loss) | 9901 | €57,000 | €61,934 | +€4,934 | +8.7% |
| Financial income | 75/76B | €2,498 | €4,915 | +€2,417 | +96.8% |
| Recurring financial income | 75 | €2,498 | €4,915 | +€2,417 | +96.8% |
| Financial charges | 65/66B | €28,074 | €26,536 | -€1,538 | -5.5% |
| Recurring financial charges | 65 | €28,074 | €26,536 | -€1,538 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €31,424 | €40,313 | +€8,889 | +28.3% |
| Income taxes | 67/77 | €11,499 | €15,015 | +€3,516 | +30.6% |
| Profit (loss) for the period | 9904 | €19,924 | €25,298 | +€5,373 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,924 | €25,298 | +€5,373 | +27.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.