CI-WAY: 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.
CI-WAY
Largest movements
- Receivables within one year +€242,087
up €242,087 (+328.5%), from €73,693 to €315,780
of which Trade receivables: +€156,751
- Trade debts +€214,173
up €214,173 (+1980.6%), from €10,813 to €224,986
- Other debts +€16,425
up €16,425 (+95.5%), from €17,194 to €33,619
- Tax, wage and social debts +€6,151
up €6,151 (+39.8%), from €15,456 to €21,607
of which Taxes: +€3,272
- Profit (loss) carried forward +€4,823
up €4,823 (+24.0%), from -€20,057 to -€15,234
- Gross operating margin -€15,206
down €15,206 (-31.1%), from €48,946 to €33,740
- Staff costs -€8,040
down €8,040 (-29.4%), from €27,380 to €19,340
- Taxes -€4,298
down €4,298 (-55.9%), from €7,691 to €3,393
- Depreciation -€2,723
down €2,723 (-69.6%), from €3,914 to €1,191
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.
Cash bridge derived
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 | €86,409 | €327,981 | +€241,572 | +279.6% |
| Fixed assets | 21/28 | €2,181 | €990 | -€1,191 | -54.6% |
| Tangible fixed assets | 22/27 | €2,181 | €990 | -€1,191 | -54.6% |
| Furniture and vehicles | 24 | €2,181 | €990 | -€1,191 | -54.6% |
| Current assets | 29/58 | €84,228 | €326,992 | +€242,763 | +288.2% |
| Amounts receivable within one year | 40/41 | €73,693 | €315,780 | +€242,087 | +328.5% |
| Trade receivables | 40 | €47,843 | €204,595 | +€156,751 | +327.6% |
| Other amounts receivable | 41 | €25,850 | €111,186 | +€85,335 | +330.1% |
| Cash at bank and in hand | 54/58 | €9,286 | €11,211 | +€1,925 | +20.7% |
| Deferred charges and accrued income | 490/1 | €1,248 | - | -€1,248 | |
| Total equity and liabilities | 10/49 | €86,409 | €327,981 | +€241,572 | +279.6% |
| Equity | 10/15 | €42,012 | €46,836 | +€4,823 | +11.5% |
| Contributions | 10/11 | €62,069 | €62,069 | = | 0.0% |
| Capital | 10 | €62,069 | €62,069 | = | 0.0% |
| Issued capital | 100 | €62,069 | €62,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,057 | -€15,234 | +€4,823 | +24.0% |
| Amounts payable | 17/49 | €44,397 | €281,145 | +€236,749 | +533.3% |
| Amounts payable within one year | 42/48 | €44,397 | €281,145 | +€236,749 | +533.3% |
| Current portion of amounts payable after more than one year | 42 | €933 | €933 | = | 0.0% |
| Trade debts | 44 | €10,813 | €224,986 | +€214,173 | +1980.6% |
| Suppliers | 440/4 | €10,813 | €224,986 | +€214,173 | +1980.6% |
| Taxes, remuneration and social security | 45 | €15,456 | €21,607 | +€6,151 | +39.8% |
| Taxes | 450/3 | €8,039 | €11,311 | +€3,272 | +40.7% |
| Remuneration and social security | 454/9 | €7,417 | €10,296 | +€2,879 | +38.8% |
| Other amounts payable | 47/48 | €17,194 | €33,619 | +€16,425 | +95.5% |
| Remuneration, social security and pensions | 62 | €27,380 | €19,340 | -€8,040 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,914 | €1,191 | -€2,723 | -69.6% |
| Other operating charges | 640/8 | €3,881 | €4,347 | +€466 | +12.0% |
| Gross operating margin | 9900 | €48,946 | €33,740 | -€15,206 | -31.1% |
| Operating profit (loss) | 9901 | €13,771 | €8,861 | -€4,910 | -35.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €926 | €645 | -€281 | -30.4% |
| Recurring financial charges | 65 | €926 | €645 | -€281 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €12,845 | €8,216 | -€4,629 | -36.0% |
| Income taxes | 67/77 | €7,691 | €3,393 | -€4,298 | -55.9% |
| Profit (loss) for the period | 9904 | €5,155 | €4,823 | -€331 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,155 | €4,823 | -€331 | -6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.