CIWAN FOOD: 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.
CIWAN FOOD
Largest movements
- Cash +€21,405
up €21,405 (+121%), from €17,649 to €39,054
mainly Net result for the year (+€19,366) and Trade debts (+€14,635)
- Tangible fixed assets -€6,213
down €6,213 (-52.9%), from €11,736 to €5,523
of which Furniture and vehicles: -€4,601
- Profit (loss) carried forward +€19,366
up €19,366 (+11.4%), from €169,677 to €189,043
- Tax, wage and social debts -€17,942
down €17,942 (-47.5%), from €37,778 to €19,836
of which Taxes: -€12,716
- Trade debts +€14,635
up €14,635 (+45.4%), from €32,226 to €46,860
- Staff costs +€69,321
up €69,321 (+45.2%), from €153,495 to €222,816
- Gross operating margin +€40,361
up €40,361 (+17.8%), from €227,384 to €267,745
- Depreciation -€11,863
down €11,863 (-65.6%), from €18,076 to €6,213
- Other operating charges +€6,305
up €6,305 (+182%), from €3,474 to €9,779
- Taxes -€5,794
down €5,794 (-38.6%), from €15,007 to €9,213
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,141 | €277,237 | +€17,096 | +6.6% |
| Fixed assets | 21/28 | €11,896 | €5,683 | -€6,213 | -52.2% |
| Tangible fixed assets | 22/27 | €11,736 | €5,523 | -€6,213 | -52.9% |
| Plant, machinery and equipment | 23 | €1,354 | €0 | -€1,354 | -100% |
| Furniture and vehicles | 24 | €9,938 | €5,336 | -€4,601 | -46.3% |
| Other tangible fixed assets | 26 | €444 | €187 | -€257 | -57.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €248,245 | €271,554 | +€23,309 | +9.4% |
| Stocks and contracts in progress | 3 | €6,822 | €7,540 | +€717 | +10.5% |
| Stocks | 30/36 | €6,822 | €7,540 | +€717 | +10.5% |
| Amounts receivable within one year | 40/41 | €223,259 | €224,961 | +€1,702 | +0.8% |
| Trade receivables | 40 | - | €50,887 | +€50,887 | |
| Other amounts receivable | 41 | €223,259 | €174,073 | -€49,186 | -22.0% |
| Cash at bank and in hand | 54/58 | €17,649 | €39,054 | +€21,405 | +121% |
| Deferred charges and accrued income | 490/1 | €514 | - | -€514 | |
| Total equity and liabilities | 10/49 | €260,141 | €277,237 | +€17,096 | +6.6% |
| Equity | 10/15 | €190,137 | €209,503 | +€19,366 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €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% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,677 | €189,043 | +€19,366 | +11.4% |
| Amounts payable | 17/49 | €70,003 | €67,734 | -€2,269 | -3.2% |
| Amounts payable within one year | 42/48 | €70,003 | €67,734 | -€2,269 | -3.2% |
| Trade debts | 44 | €32,226 | €46,860 | +€14,635 | +45.4% |
| Suppliers | 440/4 | €32,226 | €46,860 | +€14,635 | +45.4% |
| Taxes, remuneration and social security | 45 | €37,778 | €19,836 | -€17,942 | -47.5% |
| Taxes | 450/3 | €19,089 | €6,373 | -€12,716 | -66.6% |
| Remuneration and social security | 454/9 | €18,689 | €13,463 | -€5,226 | -28.0% |
| Other amounts payable | 47/48 | - | €1,038 | +€1,038 | |
| Remuneration, social security and pensions | 62 | €153,495 | €222,816 | +€69,321 | +45.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,076 | €6,213 | -€11,863 | -65.6% |
| Other operating charges | 640/8 | €3,474 | €9,779 | +€6,305 | +182% |
| Gross operating margin | 9900 | €227,384 | €267,745 | +€40,361 | +17.8% |
| Operating profit (loss) | 9901 | €52,339 | €28,937 | -€23,402 | -44.7% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €502 | €359 | -€143 | -28.5% |
| Recurring financial charges | 65 | €502 | €359 | -€143 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €51,847 | €28,579 | -€23,269 | -44.9% |
| Income taxes | 67/77 | €15,007 | €9,213 | -€5,794 | -38.6% |
| Profit (loss) for the period | 9904 | €36,841 | €19,366 | -€17,475 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,841 | €19,366 | -€17,475 | -47.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.