CIAVARELLA: 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.
CIAVARELLA
Largest movements
- Financial fixed assets +€60,000
up €60,000 (+1290.3%), from €4,650 to €64,650
- Tangible fixed assets -€47,734
down €47,734 (-29.6%), from €161,312 to €113,578
of which Plant, machinery and equipment: -€36,363
- Receivables within one year -€27,371
down €27,371 (-30.8%), from €88,785 to €61,414
of which Other amounts receivable: -€30,639
- Cash -€7,223
down €7,223 (-20.4%), from €35,325 to €28,102
mainly Net result for the year (-€153,015) and Investment in fixed assets (net) (-€69,649)
- Deferred charges and accrued income -€5,350
down €5,350 (-33.3%), from €16,082 to €10,732
- Profit (loss) carried forward -€153,015
down €153,015 (-203.2%), from -€75,320 to -€228,335
- Trade debts +€137,531
up €137,531 (+49.7%), from €276,867 to €414,398
- Current portion of long-term debt -€21,117
down €21,117 (-71.2%), from €29,669 to €8,552
- Other debts +€16,354
up €16,354 (+47.6%), from €34,385 to €50,739
- Debts after one year -€8,552
down €8,552 (-63.6%), from €13,455 to €4,903
- Gross operating margin -€66,135
down €66,135 (-29.0%), from €228,329 to €162,195
- Financial charges +€10,424
up €10,424 (+63.5%), from €16,406 to €26,830
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 | €370,309 | €339,680 | -€30,629 | -8.3% |
| Fixed assets | 21/28 | €165,962 | €178,228 | +€12,266 | +7.4% |
| Tangible fixed assets | 22/27 | €161,312 | €113,578 | -€47,734 | -29.6% |
| Plant, machinery and equipment | 23 | €131,408 | €95,045 | -€36,363 | -27.7% |
| Furniture and vehicles | 24 | €6,006 | €4,754 | -€1,252 | -20.8% |
| Leasing and similar rights | 25 | €23,897 | €13,778 | -€10,119 | -42.3% |
| Financial fixed assets | 28 | €4,650 | €64,650 | +€60,000 | +1290.3% |
| Current assets | 29/58 | €204,346 | €161,452 | -€42,895 | -21.0% |
| Stocks and contracts in progress | 3 | €64,154 | €61,203 | -€2,951 | -4.6% |
| Stocks | 30/36 | €64,154 | €61,203 | -€2,951 | -4.6% |
| Amounts receivable within one year | 40/41 | €88,785 | €61,414 | -€27,371 | -30.8% |
| Trade receivables | 40 | €6,647 | €9,915 | +€3,268 | +49.2% |
| Other amounts receivable | 41 | €82,139 | €51,499 | -€30,639 | -37.3% |
| Cash at bank and in hand | 54/58 | €35,325 | €28,102 | -€7,223 | -20.4% |
| Deferred charges and accrued income | 490/1 | €16,082 | €10,732 | -€5,350 | -33.3% |
| Total equity and liabilities | 10/49 | €370,309 | €339,680 | -€30,629 | -8.3% |
| Equity | 10/15 | -€15,320 | -€168,335 | -€153,015 | -998.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,320 | -€228,335 | -€153,015 | -203.2% |
| Amounts payable | 17/49 | €385,629 | €508,015 | +€122,386 | +31.7% |
| Amounts payable after more than one year | 17 | €13,455 | €4,903 | -€8,552 | -63.6% |
| Financial debts | 170/4 | €13,455 | €4,903 | -€8,552 | -63.6% |
| Amounts payable within one year | 42/48 | €359,207 | €495,056 | +€135,849 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €29,669 | €8,552 | -€21,117 | -71.2% |
| Trade debts | 44 | €276,867 | €414,398 | +€137,531 | +49.7% |
| Suppliers | 440/4 | €276,867 | €414,398 | +€137,531 | +49.7% |
| Taxes, remuneration and social security | 45 | €18,285 | €21,367 | +€3,082 | +16.9% |
| Remuneration and social security | 454/9 | €18,285 | €21,367 | +€3,082 | +16.9% |
| Other amounts payable | 47/48 | €34,385 | €50,739 | +€16,354 | +47.6% |
| Accrued charges and deferred income | 492/3 | €12,967 | €8,056 | -€4,911 | -37.9% |
| Remuneration, social security and pensions | 62 | €227,697 | €228,483 | +€786 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,616 | €57,383 | -€1,233 | -2.1% |
| Other operating charges | 640/8 | €3,809 | €2,716 | -€1,093 | -28.7% |
| Gross operating margin | 9900 | €228,329 | €162,195 | -€66,135 | -29.0% |
| Operating profit (loss) | 9901 | -€61,794 | -€126,388 | -€64,595 | -104.5% |
| Financial income | 75/76B | €2,802 | €1,325 | -€1,477 | -52.7% |
| Recurring financial income | 75 | €2,802 | €1,325 | -€1,477 | -52.7% |
| Financial charges | 65/66B | €16,406 | €26,830 | +€10,424 | +63.5% |
| Recurring financial charges | 65 | €16,406 | €26,830 | +€10,424 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | -€75,398 | -€151,894 | -€76,496 | -101.5% |
| Income taxes | 67/77 | €1,172 | €1,121 | -€51 | -4.4% |
| Profit (loss) for the period | 9904 | -€76,570 | -€153,015 | -€76,444 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,570 | -€153,015 | -€76,444 | -99.8% |
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 6 October 2026 via checked.be.