Cibo: 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.
What changed
Cibo
NACE 46.442, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€82,327
2024 · €125,948-€43,620
Equity
€3.7m
2024 · €3.6m+€71,658
Cash
€259,108
2024 · €219,542+€39,566
Balance sheet total
€9.3m
2024 · €9.4m-€91,407
Largest movements
Assets
- Tangible fixed assets -€180,605
down €180,605 (-8.5%), from €2.1m to €1.9m
of which Plant, machinery and equipment: -€90,511
- Receivables within one year +€125,122
up €125,122 (+5.9%), from €2.1m to €2.3m
of which Trade receivables: +€148,980
Equity and liabilities
- Debts after one year -€448,852
down €448,852 (-30.2%), from €1.5m to €1.0m
of which Financial debts: -€455,572
- Short-term financial debts +€331,025
up €331,025 (+16.7%), from €2.0m to €2.3m
- Current portion of long-term debt -€105,102
down €105,102 (-18.4%), from €569,755 to €464,653
Income statement
- Turnover -€372,261
down €372,261 (-2.8%), from €13.2m to €12.8m
- Services and other goods -€171,061
down €171,061 (-5.5%), from €3.1m to €2.9m
- Depreciation -€132,959
down €132,959 (-30.6%), from €435,036 to €302,077
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.
Result 2024
€125,948
Turnover
-€372,261
Other operating income
-€9,640
Goods and materials
+€17,954
Services and other goods
+€171,061
Staff costs
-€79,303
Depreciation
+€132,959
Write-downs
+€23,242
Other operating charges
+€4,447
Other operating items
-€13,774
Financial income
+€10,288
Financial charges
+€51,404
Taxes
+€20,003
Result 2025
€82,327
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.
From operations
+€370,864
Investment
-€97,699
Financing
-€233,599
Cash 2024
€219,542
From operations (derived)
+€370,864
Net result for the year
+€82,327
Depreciation
+€302,077
Receivables after one year
+€5,896
Stocks and contracts
-€10,918
Receivables within one year
-€125,122
Deferred charges and accrued income
+€56,738
Trade debts
-€8,696
Tax, wage and social debts
+€68,562
Investment (derived)
-€97,699
Investment in fixed assets (net)
-€97,699
Financing
-€233,599
Debts after one year
-€448,852
Current portion of long-term debt
-€105,102
Short-term financial debts
+€331,025
Contributions, distributions and other
-€10,670
Cash 2025
€259,108
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,438,569 | €9,347,163 | -€91,407 | -1.0% |
| Fixed assets | 21/28 | €3,889,833 | €3,685,456 | -€204,377 | -5.3% |
| Intangible fixed assets | 21 | €357,398 | €333,626 | -€23,772 | -6.7% |
| Tangible fixed assets | 22/27 | €2,121,756 | €1,941,150 | -€180,605 | -8.5% |
| Land and buildings | 22 | €1,540,316 | €1,466,392 | -€73,924 | -4.8% |
| Plant, machinery and equipment | 23 | €418,011 | €327,500 | -€90,511 | -21.7% |
| Furniture and vehicles | 24 | €163,429 | €147,258 | -€16,170 | -9.9% |
| Financial fixed assets | 28 | €1,410,680 | €1,410,680 | = | 0.0% |
| Affiliated companies | 280/1 | €855,680 | €855,680 | = | 0.0% |
| Participating interests | 280 | €950 | €950 | = | 0.0% |
| Amounts receivable | 281 | €854,730 | €854,730 | = | 0.0% |
| Other financial fixed assets | 284/8 | €555,000 | €555,000 | = | 0.0% |
| Shares | 284 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €490,000 | €490,000 | = | 0.0% |
| Current assets | 29/58 | €5,548,736 | €5,661,706 | +€112,971 | +2.0% |
| Amounts receivable after more than one year | 29 | €39,064 | €33,168 | -€5,896 | -15.1% |
| Other amounts receivable | 291 | €39,064 | €33,168 | -€5,896 | -15.1% |
| Stocks and contracts in progress | 3 | €2,999,111 | €3,010,029 | +€10,918 | +0.4% |
| Stocks | 30/36 | €2,999,111 | €3,010,029 | +€10,918 | +0.4% |
| Goods purchased for resale | 34 | €2,999,111 | €3,010,029 | +€10,918 | +0.4% |
| Amounts receivable within one year | 40/41 | €2,134,260 | €2,259,381 | +€125,122 | +5.9% |
| Trade receivables | 40 | €2,022,819 | €2,171,799 | +€148,980 | +7.4% |
| Other amounts receivable | 41 | €111,441 | €87,582 | -€23,859 | -21.4% |
| Current investments | 50/53 | - | €0 | = | |
| Other investments | 51/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €219,542 | €259,108 | +€39,566 | +18.0% |
| Deferred charges and accrued income | 490/1 | €156,759 | €100,021 | -€56,738 | -36.2% |
| Total equity and liabilities | 10/49 | €9,438,569 | €9,347,163 | -€91,407 | -1.0% |
| Equity | 10/15 | €3,613,036 | €3,684,694 | +€71,658 | +2.0% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €87,360 | €150,510 | +€63,150 | +72.3% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €63,150 | +€63,150 | |
| Distributable reserves | 133 | €68,768 | €68,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,339,756 | €3,348,263 | +€8,508 | +0.3% |
| Amounts payable | 17/49 | €5,825,533 | €5,662,469 | -€163,064 | -2.8% |
| Amounts payable after more than one year | 17 | €1,487,645 | €1,038,793 | -€448,852 | -30.2% |
| Financial debts | 170/4 | €1,487,645 | €1,032,073 | -€455,572 | -30.6% |
| Leasing and similar obligations | 172 | €123,527 | - | -€123,527 | |
| Credit institutions | 173 | €1,364,118 | €1,032,073 | -€332,045 | -24.3% |
| Other amounts payable | 178/9 | - | €6,720 | +€6,720 | |
| Amounts payable within one year | 42/48 | €4,337,888 | €4,623,676 | +€285,788 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €569,755 | €464,653 | -€105,102 | -18.4% |
| Financial debts | 43 | €1,978,069 | €2,309,094 | +€331,025 | +16.7% |
| Credit institutions | 430/8 | €1,978,069 | €2,309,094 | +€331,025 | +16.7% |
| Trade debts | 44 | €1,307,956 | €1,299,260 | -€8,696 | -0.7% |
| Suppliers | 440/4 | €1,307,956 | €1,299,260 | -€8,696 | -0.7% |
| Taxes, remuneration and social security | 45 | €482,108 | €550,670 | +€68,562 | +14.2% |
| Taxes | 450/3 | €72,253 | €128,683 | +€56,430 | +78.1% |
| Remuneration and social security | 454/9 | €409,855 | €421,987 | +€12,132 | +3.0% |
| Operating income | 70/76A | €14,535,656 | €13,140,128 | -€1.4m | -9.6% |
| Turnover | 70 | €13,177,354 | €12,805,093 | -€372,261 | -2.8% |
| Other operating income | 74 | €266,347 | €256,707 | -€9,640 | -3.6% |
| Non-recurring operating income | 76A | €1,091,955 | €78,328 | -€1.0m | -92.8% |
| Operating charges | 60/66A | €14,076,027 | €12,805,814 | -€1.3m | -9.0% |
| Goods for resale, raw materials and consumables | 60 | €6,143,733 | €6,125,779 | -€17,954 | -0.3% |
| Purchases | 600/8 | €5,824,302 | €6,136,697 | +€312,395 | +5.4% |
| Change in stocks: decrease (increase) | 609 | €319,431 | -€10,918 | -€330,349 | |
| Services and other goods | 61 | €3,083,959 | €2,912,898 | -€171,061 | -5.5% |
| Remuneration, social security and pensions | 62 | €3,235,775 | €3,315,078 | +€79,303 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435,036 | €302,077 | -€132,959 | -30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,125 | €2,883 | -€23,242 | -89.0% |
| Other operating charges | 640/8 | €66,352 | €61,905 | -€4,447 | -6.7% |
| Non-recurring operating charges | 66A | €1,085,048 | €85,195 | -€999,853 | -92.1% |
| Operating profit (loss) | 9901 | €459,629 | €334,314 | -€125,315 | -27.3% |
| Financial income | 75/76B | €7,578 | €17,866 | +€10,288 | +135.8% |
| Recurring financial income | 75 | €7,578 | €17,866 | +€10,288 | +135.8% |
| Income from current assets | 751 | - | €1,006 | +€1,006 | |
| Other financial income | 752/9 | €7,578 | €16,861 | +€9,282 | +122.5% |
| Financial charges | 65/66B | €314,861 | €263,457 | -€51,404 | -16.3% |
| Recurring financial charges | 65 | €314,861 | €263,457 | -€51,404 | -16.3% |
| Debt charges | 650 | €192,595 | €141,606 | -€50,989 | -26.5% |
| Other financial charges | 652/9 | €122,266 | €121,851 | -€415 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €152,347 | €88,724 | -€63,623 | -41.8% |
| Income taxes | 67/77 | €26,399 | €6,396 | -€20,003 | -75.8% |
| Taxes | 670/3 | €26,399 | €6,396 | -€20,003 | -75.8% |
| Profit (loss) for the period | 9904 | €125,948 | €82,327 | -€43,620 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €125,948 | €82,327 | -€43,620 | -34.6% |
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.