CL WARNETON: 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.
What changed
CL WARNETON
NACE 10.311, Manufacture of food products
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€6.3m
2023 · €4.2m+€2.1m
Equity
€90.3m
2023 · €84.4m+€5.9m
Cash
€1.8m
2023 · €2.7m-€913,063
Balance sheet total
€409.0m
2023 · €414.0m-€5.0m
Largest movements
Assets
- Stocks and contracts +€22.5m
new in 2024: €22.5m
- Tangible fixed assets -€15.7m
down €15.7m (-6.7%), from €234.3m to €218.6m
of which Leasing and similar rights: -€10.3m
- Receivables within one year -€8.2m
down €8.2m (-4.7%), from €172.2m to €164.0m
of which Trade receivables: -€7.2m
Equity and liabilities
- Trade debts +€21.4m
up €21.4m (+11.5%), from €185.1m to €206.5m
- Current portion of long-term debt -€15.9m
down €15.9m (-38.2%), from €41.4m to €25.6m
- Debts after one year -€13.7m
down €13.7m (-15.3%), from €89.6m to €75.9m
- Reserves +€6.3m
up €6.3m (+7.9%), from €80.6m to €86.9m
of which Distributable reserves: +€7.4m
Income statement
- Turnover +€22.0m
up €22.0m (+5.7%), from €385.5m to €407.5m
- Goods and materials +€11.4m
up €11.4m (+6.1%), from €188.0m to €199.4m
of which Purchases: +€33.9m
- Services and other goods +€5.0m
up €5.0m (+4.6%), from €108.8m to €113.8m
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.
Result 2023
€4.2m
Turnover
+€22.0m
Other operating income
+€743,267
Goods and materials
-€11.4m
Services and other goods
-€5.0m
Staff costs
-€1.7m
Depreciation
+€1.4m
Other operating charges
-€194,832
Other operating items
-€55,623
Financial income
-€1.3m
Financial charges
-€1.7m
Taxes
-€718,091
Result 2024
€6.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€48.2m
Investment
-€19.2m
Financing
-€29.9m
Cash 2023
€2.7m
From operations (derived)
+€48.2m
Net result for the year
+€6.3m
Depreciation
+€34.7m
Stocks and contracts
-€22.5m
Receivables within one year
+€8.2m
Deferred charges and accrued income
+€2.9m
Smaller working-capital items
+€15,422
Trade debts
+€21.4m
Tax, wage and social debts
-€818,208
Accrued charges and deferred income
-€1.9m
Investment (derived)
-€19.2m
Investment in fixed assets (net)
-€19.2m
Financing
-€29.9m
Debts after one year
-€13.7m
Current portion of long-term debt
-€15.9m
Contributions, distributions and other
-€420,466
Cash 2024
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €413,995,086 | €408,999,883 | -€5.0m | -1.2% |
| Fixed assets | 21/28 | €235,397,271 | €219,869,444 | -€15.5m | -6.6% |
| Intangible fixed assets | 21 | €52,889 | €26,527 | -€26,361 | -49.8% |
| Tangible fixed assets | 22/27 | €234,296,592 | €218,593,271 | -€15.7m | -6.7% |
| Land and buildings | 22 | €90,072,223 | €87,611,243 | -€2.5m | -2.7% |
| Plant, machinery and equipment | 23 | €19,805,442 | €17,515,873 | -€2.3m | -11.6% |
| Furniture and vehicles | 24 | €296,750 | €192,305 | -€104,445 | -35.2% |
| Leasing and similar rights | 25 | €123,603,880 | €113,273,850 | -€10.3m | -8.4% |
| Assets under construction and advance payments | 27 | €518,297 | - | -€518,297 | |
| Financial fixed assets | 28 | €1,047,791 | €1,249,646 | +€201,855 | +19.3% |
| Affiliated companies | 280/1 | €1,000,000 | €1,200,000 | +€200,000 | +20.0% |
| Participating interests | 280 | €1,000,000 | €1,200,000 | +€200,000 | +20.0% |
| Other financial fixed assets | 284/8 | €47,791 | €49,646 | +€1,855 | +3.9% |
| Amounts receivable and cash guarantees | 285/8 | €47,791 | €49,646 | +€1,855 | +3.9% |
| Current assets | 29/58 | €178,597,816 | €189,130,439 | +€10.5m | +5.9% |
| Stocks and contracts in progress | 3 | - | €22,509,108 | +€22.5m | |
| Stocks | 30/36 | - | €22,509,108 | +€22.5m | |
| Raw materials and consumables | 30/31 | - | €22,509,108 | +€22.5m | |
| Amounts receivable within one year | 40/41 | €172,184,784 | €164,015,979 | -€8.2m | -4.7% |
| Trade receivables | 40 | €167,724,156 | €160,509,586 | -€7.2m | -4.3% |
| Other amounts receivable | 41 | €4,460,628 | €3,506,393 | -€954,235 | -21.4% |
| Cash at bank and in hand | 54/58 | €2,729,602 | €1,816,539 | -€913,063 | -33.5% |
| Deferred charges and accrued income | 490/1 | €3,683,430 | €788,814 | -€2.9m | -78.6% |
| Total equity and liabilities | 10/49 | €413,995,086 | €408,999,883 | -€5.0m | -1.2% |
| Equity | 10/15 | €84,369,512 | €90,283,162 | +€5.9m | +7.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €80,600,364 | €86,934,479 | +€6.3m | +7.9% |
| Non-distributable reserves | 130/1 | €200,000 | €200,000 | = | 0.0% |
| Legal reserve | 130 | €200,000 | €200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,615,128 | €544,958 | -€1.1m | -66.3% |
| Distributable reserves | 133 | €78,785,236 | €86,189,521 | +€7.4m | +9.4% |
| Investment grants | 15 | €3,707,648 | €3,287,183 | -€420,466 | -11.3% |
| Provisions and deferred taxes | 16 | €394,599 | €370,465 | -€24,134 | -6.1% |
| Deferred taxes | 168 | €394,599 | €370,465 | -€24,134 | -6.1% |
| Amounts payable | 17/49 | €329,230,975 | €318,346,257 | -€10.9m | -3.3% |
| Amounts payable after more than one year | 17 | €89,588,138 | €75,921,335 | -€13.7m | -15.3% |
| Financial debts | 170/4 | €89,588,138 | €75,921,335 | -€13.7m | -15.3% |
| Leasing and similar obligations | 172 | €58,243,512 | €52,168,300 | -€6.1m | -10.4% |
| Credit institutions | 173 | €31,344,626 | €23,753,035 | -€7.6m | -24.2% |
| Amounts payable within one year | 42/48 | €235,756,000 | €240,477,552 | +€4.7m | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €41,449,524 | €25,597,231 | -€15.9m | -38.2% |
| Trade debts | 44 | €185,110,585 | €206,463,082 | +€21.4m | +11.5% |
| Suppliers | 440/4 | €185,110,585 | €206,463,082 | +€21.4m | +11.5% |
| Taxes, remuneration and social security | 45 | €7,575,126 | €6,756,918 | -€818,208 | -10.8% |
| Taxes | 450/3 | €904,732 | €825,510 | -€79,222 | -8.8% |
| Remuneration and social security | 454/9 | €6,670,395 | €5,931,409 | -€738,986 | -11.1% |
| Other amounts payable | 47/48 | €1,620,765 | €1,660,321 | +€39,556 | +2.4% |
| Accrued charges and deferred income | 492/3 | €3,886,838 | €1,947,369 | -€1.9m | -49.9% |
| Operating income | 70/76A | €388,078,882 | €410,786,723 | +€22.7m | +5.9% |
| Turnover | 70 | €385,452,673 | €407,450,854 | +€22.0m | +5.7% |
| Other operating income | 74 | €2,582,263 | €3,325,529 | +€743,267 | +28.8% |
| Non-recurring operating income | 76A | €43,947 | €10,340 | -€33,607 | -76.5% |
| Operating charges | 60/66A | €380,700,535 | €397,558,984 | +€16.9m | +4.4% |
| Goods for resale, raw materials and consumables | 60 | €187,973,971 | €199,378,925 | +€11.4m | +6.1% |
| Purchases | 600/8 | €187,973,971 | €221,888,033 | +€33.9m | +18.0% |
| Change in stocks: decrease (increase) | 609 | - | -€22,509,108 | -€22.5m | |
| Services and other goods | 61 | €108,809,625 | €113,782,295 | +€5.0m | +4.6% |
| Remuneration, social security and pensions | 62 | €47,056,469 | €48,726,018 | +€1.7m | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,107,808 | €34,702,235 | -€1.4m | -3.9% |
| Other operating charges | 640/8 | €752,663 | €947,495 | +€194,832 | +25.9% |
| Non-recurring operating charges | 66A | - | €22,016 | +€22,016 | |
| Operating profit (loss) | 9901 | €7,378,347 | €13,227,740 | +€5.8m | +79.3% |
| Financial income | 75/76B | €1,715,077 | €438,726 | -€1.3m | -74.4% |
| Recurring financial income | 75 | €1,715,077 | €438,726 | -€1.3m | -74.4% |
| Other financial income | 752/9 | €1,715,077 | €438,726 | -€1.3m | -74.4% |
| Financial charges | 65/66B | €3,305,006 | €5,033,386 | +€1.7m | +52.3% |
| Recurring financial charges | 65 | €3,305,006 | €5,033,386 | +€1.7m | +52.3% |
| Debt charges | 650 | €2,905,249 | €2,959,725 | +€54,476 | +1.9% |
| Other financial charges | 652/9 | €399,757 | €2,073,661 | +€1.7m | +419% |
| Profit (loss) for the period before taxes | 9903 | €5,788,418 | €8,633,079 | +€2.8m | +49.1% |
| Transfer from deferred taxes | 780 | €24,134 | €24,134 | = | 0.0% |
| Income taxes | 67/77 | €1,605,006 | €2,323,098 | +€718,091 | +44.7% |
| Taxes | 670/3 | €1,605,006 | €2,346,189 | +€741,183 | +46.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €23,091 | +€23,091 | |
| Profit (loss) for the period | 9904 | €4,207,545 | €6,334,115 | +€2.1m | +50.5% |
| Transfer from tax-exempt reserves | 789 | €820,000 | €1,070,170 | +€250,170 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,027,546 | €7,404,286 | +€2.4m | +47.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.