CIWAN: 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.
CIWAN
Largest movements
- Tangible fixed assets -€24,000
down €24,000 (-50.0%), from €48,000 to €24,000
- Receivables within one year +€14,138
new in 2026: €14,138
- Stocks and contracts -€3,510
down €3,510 (-52.0%), from €6,750 to €3,240
- Cash -€2,125
down €2,125 (-87.8%), from €2,421 to €296
mainly Other debts (-€19,846) and Receivables within one year (-€14,138)
- Other debts -€19,846
no longer reported in 2026 (was €19,846)
- Trade debts +€2,471
up €2,471 (+284.4%), from €869 to €3,340
- Profit (loss) carried forward +€1,610
up €1,610 (+98.5%), from €1,635 to €3,245
- Gross operating margin -€24,020
down €24,020 (-38.0%), from €63,157 to €39,137
- Depreciation -€16,921
down €16,921 (-41.4%), from €40,921 to €24,000
- Taxes -€14,093
down €14,093 (-98.1%), from €14,361 to €268
- Staff costs +€5,766
up €5,766 (+78.2%), from €7,374 to €13,141
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,171 | €41,674 | -€15,497 | -27.1% |
| Fixed assets | 21/28 | €48,000 | €24,000 | -€24,000 | -50.0% |
| Tangible fixed assets | 22/27 | €48,000 | €24,000 | -€24,000 | -50.0% |
| Plant, machinery and equipment | 23 | €48,000 | €24,000 | -€24,000 | -50.0% |
| Current assets | 29/58 | €9,171 | €17,674 | +€8,503 | +92.7% |
| Stocks and contracts in progress | 3 | €6,750 | €3,240 | -€3,510 | -52.0% |
| Stocks | 30/36 | €6,750 | €3,240 | -€3,510 | -52.0% |
| Amounts receivable within one year | 40/41 | - | €14,138 | +€14,138 | |
| Other amounts receivable | 41 | - | €14,138 | +€14,138 | |
| Cash at bank and in hand | 54/58 | €2,421 | €296 | -€2,125 | -87.8% |
| Total equity and liabilities | 10/49 | €57,171 | €41,674 | -€15,497 | -27.1% |
| Equity | 10/15 | €22,095 | €23,705 | +€1,610 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,635 | €3,245 | +€1,610 | +98.5% |
| Amounts payable | 17/49 | €35,076 | €17,969 | -€17,107 | -48.8% |
| Amounts payable within one year | 42/48 | €35,076 | €17,969 | -€17,107 | -48.8% |
| Trade debts | 44 | €869 | €3,340 | +€2,471 | +284.4% |
| Suppliers | 440/4 | €869 | €3,340 | +€2,471 | +284.4% |
| Taxes, remuneration and social security | 45 | €14,361 | €14,629 | +€268 | +1.9% |
| Taxes | 450/3 | €14,361 | €14,629 | +€268 | +1.9% |
| Other amounts payable | 47/48 | €19,846 | - | -€19,846 | |
| Remuneration, social security and pensions | 62 | €7,374 | €13,141 | +€5,766 | +78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,921 | €24,000 | -€16,921 | -41.4% |
| Other operating charges | 640/8 | €118 | €118 | = | 0.0% |
| Gross operating margin | 9900 | €63,157 | €39,137 | -€24,020 | -38.0% |
| Operating profit (loss) | 9901 | €14,743 | €1,878 | -€12,865 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €14,743 | €1,878 | -€12,865 | -87.3% |
| Income taxes | 67/77 | €14,361 | €268 | -€14,093 | -98.1% |
| Profit (loss) for the period | 9904 | €382 | €1,610 | +€1,228 | +321.1% |
| Profit (loss) for the period to be appropriated | 9905 | €382 | €1,610 | +€1,228 | +321.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.