4 E: what changed
What changed
4 E
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
filed annual accounts (NBB)
Net result for the year
€144,310
2024 · €119,562+€24,748
Equity
€670,004
2024 · €527,412+€142,592
Cash
€170,946
2024 · €130,285+€40,661
Balance sheet total
€865,761
2024 · €747,174+€118,587
Largest movements
Assets
- Receivables within one year +€104,862
up €104,862 (+157%), from €66,652 to €171,514
of which Other amounts receivable: +€95,554
- Cash +€40,661
up €40,661 (+31.2%), from €130,285 to €170,946
mainly Net result for the year (+€144,310) and Depreciation (+€56,995)
- Stocks and contracts -€29,996
down €29,996 (-11.8%), from €253,901 to €223,905
- Tangible fixed assets +€10,582
up €10,582 (+7.9%), from €133,419 to €144,001
of which Furniture and vehicles: +€52,116
- Current investments -€9,026
down €9,026 (-6.0%), from €150,612 to €141,586
Equity and liabilities
- Reserves +€142,592
up €142,592 (+33.0%), from €432,412 to €575,004
- Debts after one year -€22,821
down €22,821 (-38.0%), from €60,079 to €37,258
Income statement
- Gross operating margin +€21,402
up €21,402 (+7.6%), from €281,461 to €302,863
- Taxes +€11,364
up €11,364 (+19.6%), from €57,854 to €69,218
- Staff costs -€7,396
down €7,396 (-16.5%), from €44,907 to €37,511
- Financial charges -€6,679
down €6,679 (-49.4%), from €13,511 to €6,832
- Financial income +€4,807
up €4,807 (+39.0%), from €12,309 to €17,116
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€119,562
Gross operating margin
+€21,402
Staff costs
+€7,396
Depreciation
-€4,334
Other operating charges
+€163
Financial income
+€4,807
Financial charges
+€6,679
Taxes
-€11,364
Result 2025
€144,310
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€125,745
Investment
-€58,551
Financing
-€26,533
Cash 2024
€130,285
From operations (derived)
+€125,745
Net result for the year
+€144,310
Depreciation
+€56,995
Stocks and contracts
+€29,996
Receivables within one year
-€104,862
Deferred charges and accrued income
-€1,505
Trade debts
-€1,728
Tax, wage and social debts
+€2,486
Other debts
+€52
Investment (derived)
-€58,551
Investment in fixed assets (net)
-€67,577
Current investments
+€9,026
Financing
-€26,533
Debts after one year
-€22,821
Current portion of long-term debt
+€535
Short-term financial debts
-€2,530
Contributions, distributions and other
-€1,718
Cash 2025
€170,946
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €747,174 | €865,761 | +€118,587 | +15.9% |
| Fixed assets | 21/28 | €138,819 | €149,401 | +€10,582 | +7.6% |
| Tangible fixed assets | 22/27 | €133,419 | €144,001 | +€10,582 | +7.9% |
| Plant, machinery and equipment | 23 | €8,613 | €7,503 | -€1,110 | -12.9% |
| Furniture and vehicles | 24 | €10,105 | €62,221 | +€52,116 | +516% |
| Leasing and similar rights | 25 | €114,702 | €74,277 | -€40,425 | -35.2% |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €608,355 | €716,360 | +€108,006 | +17.8% |
| Stocks and contracts in progress | 3 | €253,901 | €223,905 | -€29,996 | -11.8% |
| Stocks | 30/36 | €253,901 | €223,905 | -€29,996 | -11.8% |
| Amounts receivable within one year | 40/41 | €66,652 | €171,514 | +€104,862 | +157% |
| Trade receivables | 40 | €5,900 | €15,208 | +€9,308 | +158% |
| Other amounts receivable | 41 | €60,752 | €156,306 | +€95,554 | +157% |
| Current investments | 50/53 | €150,612 | €141,586 | -€9,026 | -6.0% |
| Cash at bank and in hand | 54/58 | €130,285 | €170,946 | +€40,661 | +31.2% |
| Deferred charges and accrued income | 490/1 | €6,905 | €8,409 | +€1,505 | +21.8% |
| Total equity and liabilities | 10/49 | €747,174 | €865,761 | +€118,587 | +15.9% |
| Equity | 10/15 | €527,412 | €670,004 | +€142,592 | +27.0% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €432,412 | €575,004 | +€142,592 | +33.0% |
| Distributable reserves | 133 | €432,412 | €575,004 | +€142,592 | +33.0% |
| Provisions and deferred taxes | 16 | €50,977 | €50,977 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,977 | €50,977 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,977 | €50,977 | = | 0.0% |
| Amounts payable | 17/49 | €168,784 | €144,780 | -€24,005 | -14.2% |
| Amounts payable after more than one year | 17 | €60,079 | €37,258 | -€22,821 | -38.0% |
| Financial debts | 170/4 | €60,079 | €37,258 | -€22,821 | -38.0% |
| Amounts payable within one year | 42/48 | €108,705 | €107,521 | -€1,184 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €22,286 | €22,821 | +€535 | +2.4% |
| Financial debts | 43 | €3,195 | €665 | -€2,530 | -79.2% |
| Credit institutions | 430/8 | €3,195 | €665 | -€2,530 | -79.2% |
| Trade debts | 44 | €24,802 | €23,075 | -€1,728 | -7.0% |
| Suppliers | 440/4 | €24,802 | €23,075 | -€1,728 | -7.0% |
| Taxes, remuneration and social security | 45 | €56,757 | €59,243 | +€2,486 | +4.4% |
| Taxes | 450/3 | €50,102 | €52,163 | +€2,061 | +4.1% |
| Remuneration and social security | 454/9 | €6,655 | €7,080 | +€425 | +6.4% |
| Other amounts payable | 47/48 | €1,666 | €1,718 | +€52 | +3.1% |
| Remuneration, social security and pensions | 62 | €44,907 | €37,511 | -€7,396 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,661 | €56,995 | +€4,334 | +8.2% |
| Other operating charges | 640/8 | €5,276 | €5,114 | -€163 | -3.1% |
| Gross operating margin | 9900 | €281,461 | €302,863 | +€21,402 | +7.6% |
| Operating profit (loss) | 9901 | €178,617 | €203,243 | +€24,626 | +13.8% |
| Financial income | 75/76B | €12,309 | €17,116 | +€4,807 | +39.0% |
| Recurring financial income | 75 | €12,309 | €17,116 | +€4,807 | +39.0% |
| Financial charges | 65/66B | €13,511 | €6,832 | -€6,679 | -49.4% |
| Recurring financial charges | 65 | €13,511 | €6,832 | -€6,679 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €177,416 | €213,528 | +€36,112 | +20.4% |
| Income taxes | 67/77 | €57,854 | €69,218 | +€11,364 | +19.6% |
| Profit (loss) for the period | 9904 | €119,562 | €144,310 | +€24,748 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,562 | €144,310 | +€24,748 | +20.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.