Fashion Plus: what changed
What changed
Fashion Plus
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€21,170
2024 · €24,602-€3,432
Equity
€189,483
2024 · €168,314+€21,170
Cash
€59,536
2024 · €115,363-€55,827
Balance sheet total
€812,436
2024 · €883,046-€70,610
Largest movements
Assets
- Cash -€55,827
down €55,827 (-48.4%), from €115,363 to €59,536
mainly Debts after one year (-€65,000) and Trade debts (-€24,174)
- Tangible fixed assets -€21,074
down €21,074 (-7.8%), from €270,311 to €249,237
of which Land and buildings: -€17,190
Equity and liabilities
- Debts after one year -€65,000
down €65,000 (-16.2%), from €401,877 to €336,877
- Trade debts -€24,174
down €24,174 (-94.1%), from €25,693 to €1,519
- Tax, wage and social debts +€21,599
up €21,599 (+75.9%), from €28,458 to €50,057
of which Taxes: +€20,236
- Profit (loss) carried forward +€21,170
up €21,170 (+14.3%), from €147,854 to €169,023
- Current portion of long-term debt -€21,000
down €21,000 (-8.4%), from €250,500 to €229,500
Income statement
- Staff costs +€1,903
up €1,903 (+2.6%), from €73,499 to €75,403
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
€24,602
Gross operating margin
-€1,375
Staff costs
-€1,903
Depreciation
+€212
Other operating charges
-€551
Financial income
+€346
Financial charges
+€1,538
Taxes
-€1,699
Result 2025
€21,170
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
+€37,516
Investment
-€7,344
Financing
-€86,000
Cash 2024
€115,363
From operations (derived)
+€37,516
Net result for the year
+€21,170
Depreciation
+€28,418
Receivables within one year
-€5,755
Deferred charges and accrued income
-€537
Trade debts
-€24,174
Tax, wage and social debts
+€21,599
Advances received
-€3,000
Other debts
-€204
Investment (derived)
-€7,344
Investment in fixed assets (net)
-€7,344
Financing
-€86,000
Debts after one year
-€65,000
Current portion of long-term debt
-€21,000
Cash 2025
€59,536
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €883,046 | €812,436 | -€70,610 | -8.0% |
| Fixed assets | 21/28 | €758,188 | €737,114 | -€21,074 | -2.8% |
| Tangible fixed assets | 22/27 | €270,311 | €249,237 | -€21,074 | -7.8% |
| Land and buildings | 22 | €245,044 | €227,854 | -€17,190 | -7.0% |
| Plant, machinery and equipment | 23 | €16,706 | €12,009 | -€4,697 | -28.1% |
| Furniture and vehicles | 24 | €8,561 | €2,233 | -€6,327 | -73.9% |
| Other tangible fixed assets | 26 | - | €7,140 | +€7,140 | |
| Financial fixed assets | 28 | €487,877 | €487,877 | = | 0.0% |
| Current assets | 29/58 | €124,858 | €75,322 | -€49,535 | -39.7% |
| Amounts receivable within one year | 40/41 | €9,494 | €15,250 | +€5,755 | +60.6% |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | €9,494 | €9,250 | -€245 | -2.6% |
| Cash at bank and in hand | 54/58 | €115,363 | €59,536 | -€55,827 | -48.4% |
| Deferred charges and accrued income | 490/1 | - | €537 | +€537 | |
| Total equity and liabilities | 10/49 | €883,046 | €812,436 | -€70,610 | -8.0% |
| Equity | 10/15 | €168,314 | €189,483 | +€21,170 | +12.6% |
| 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 | €147,854 | €169,023 | +€21,170 | +14.3% |
| Amounts payable | 17/49 | €714,733 | €622,953 | -€91,780 | -12.8% |
| Amounts payable after more than one year | 17 | €401,877 | €336,877 | -€65,000 | -16.2% |
| Financial debts | 170/4 | €401,877 | €336,877 | -€65,000 | -16.2% |
| Amounts payable within one year | 42/48 | €312,856 | €286,076 | -€26,780 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €250,500 | €229,500 | -€21,000 | -8.4% |
| Trade debts | 44 | €25,693 | €1,519 | -€24,174 | -94.1% |
| Suppliers | 440/4 | €25,693 | €1,519 | -€24,174 | -94.1% |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €28,458 | €50,057 | +€21,599 | +75.9% |
| Taxes | 450/3 | €18,000 | €38,236 | +€20,236 | +112% |
| Remuneration and social security | 454/9 | €10,458 | €11,821 | +€1,363 | +13.0% |
| Other amounts payable | 47/48 | €5,204 | €5,000 | -€204 | -3.9% |
| Remuneration, social security and pensions | 62 | €73,499 | €75,403 | +€1,903 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,630 | €28,418 | -€212 | -0.7% |
| Other operating charges | 640/8 | €4,196 | €4,746 | +€551 | +13.1% |
| Gross operating margin | 9900 | €170,246 | €168,871 | -€1,375 | -0.8% |
| Operating profit (loss) | 9901 | €63,921 | €60,304 | -€3,617 | -5.7% |
| Financial income | 75/76B | - | €346 | +€346 | |
| Recurring financial income | 75 | - | €346 | +€346 | |
| Financial charges | 65/66B | €10,147 | €8,609 | -€1,538 | -15.2% |
| Recurring financial charges | 65 | €10,147 | €8,609 | -€1,538 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €53,774 | €52,041 | -€1,732 | -3.2% |
| Income taxes | 67/77 | €29,172 | €30,871 | +€1,699 | +5.8% |
| Profit (loss) for the period | 9904 | €24,602 | €21,170 | -€3,432 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,602 | €21,170 | -€3,432 | -13.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.